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ASG Employees’ Retirement Fund

Sen. Magalei Logovi’i
Pago Pago, AMERICAN SAMOA — An administration bill raising the local investment from 17% to 35% for the ASG Employees’ Retirement Fund passed during second reading yesterday in the Senate and is expected to go through final reading today. Prior to the vote during the Senate session, the Senate...
Members of the American Samoa Employees' Retirement Fund Board appeared before the House Retirement Committee yesterday to discuss Cost of Living Adjustment (COLA) issues.  [photo: AF]
Pago Pago, AMERICAN SAMOA — The ASG Employees’ Retirement Fund (ASGERF) will be considering a Cost of Living Adjustment (COLA) for retirees sometime this year. There are enough funds in the Trust to cover a COLA for retirees, according to ASGERF officials, during a hearing yesterday before the...