Ads by Google
Ads by Google
ASG Employees Retirement Fund
Pago Pago, AMERICAN SAMOA — In a Budget and Appropriations Committee hearing held on Monday, February 3, 2025 that lasted almost two hours, Deputy Director of Treasury Levi Reese disclosed that the government has been in the process of paying what it owes to the government employee retirement fund...
Talofa Members,
As a board member, officer, and member of the Fund, I feel compelled to address you directly about administrative developments and oversight of our government employees’ retirement fund. This letter reflects my views as a Fund member, not as a representative of the ASGERF board.
I...
Pago Pago, AMERICAN SAMOA — Swains Island faipule Su’a Alex Jennings called for a hearing in the House last week to ensure that a Resolution is submitted to the Department of Interior (DOI) in support of the constitutional amendments approved in this past November’s election that are now before the...
Pago Pago, AMERICAN SAMOA — Gov. Lemanu Peleti Mauga signed into law on Apr. 26, an Administration bill, which increases the contribution rate by both ASG and employees to the ASG Employees Retirement Fund.
The new law hikes total contribution rate for both ASG and employee from the current 11% to...
Pago Pago, AMERICAN SAMOA — The Senate approved on Wednesday legislation to amend the “investments of reserves exceeding current requirements” to allow the ASG Employees Retirement Fund (ASGERF) to invest locally without unnecessary restrictions.
Senate President Tuaolo Manaia Fruean, who sponsored...
Pago Pago, AMERICAN SAMOA — The Senate Retirement Committee — following confirmation hearings for two nominees to the ASG Employees Retirement Fund board of trustees — continued their discussions regarding the government-owned pension plan, after the witnesses were dismissed, with Gov. Togiola T.A...
Pago Pago, AMERICAN SAMOA — Gov. Lemanu Peleti Mauga has returned to lawmakers a Fono approved bill — originating from the Senate — that hikes the contribution rate of employers and employees to the ASG Employees Retirement Fund — without his signature or approval of the measure, which was to help...
Pago Pago, AMERICAN SAMOA — Gov. Lemanu Peleti Mauga signed into law last Friday, Oct. 14th, a Fono approved bill, which originated from the Senate that amends local laws to allow the local government to staff the ASG Employees Retirement Fund (ASGERF) board of directors with an additional member...
Pago Pago, AMERICAN SAMOA — Another bill is before the Senate seeking to increase the contribution rate for both government and employees to the ASG Employees Retirement Fund (ASGERF) after a similar measure — approved by the Fono in the first regular session — was vetoed by the governor.
The new...
Pago Pago, AMERICAN SAMOA — Gov. Lemanu Peleti Palepoi Sialega Mauga has vetoed a Senate bill approved by the Fono during the First Session of 37th Legislature that increases the contribution rate for both government and employee to the ASG Employees Retirement Fund (ASGERF).
The governor’s veto...