Retirement Fund
Some questions — as we come up on election season 2020.
I notice the re-appointment of ASG Treasurer Ueligitone Tonumaipe’a to a four-year term on the government’s Employees’ Retirement Fund Board, with the governor’s qualifier: Tonumaipe’a’s membership on the board “is crucial” given his position...
Pago Pago, AMERICAN SAMOA — The Senate Retirement Committee has requested an actuary report, through a study on the impact on the ASG Employees’ Retirement Fund (ASGERF) on a Senate bill, which seeks to cap a member’s contribution at a maximum annual salary of $85,000 to the government pension plan...
Pago Pago, AMERICAN SAMOA — Gov. Lolo Matalasi Moliga has re-appointed three members to the American Samoa Government Employees’ Retirement Fund (ASGERF) Board of Trustees, and appointed five new members to the American Samoa Visitors Bureau (ASVB).
RETIREMENT FUND
In his nomination letter to Fono...
Pago Pago, AMERICAN SAMOA — The Senate Retirement Committee plans to make necessary changes to an administration bill which, among other things, hikes the contribution rate for employees to the Retirement Fund over a three year period, starting next year, according to committee chairman Sen. Tuaolo...
Pago Pago, AMERICAN SAMOA — Legislative Financial Officer (LFO) Talalemotu Mauga has followed up on his Jan. 28, 2019 letter to ASTCA Chief Executive Officer, Lewis Wolman regarding several ASTCA financial reports requested by a member of the House of Representatives.
In a Feb. 11, 2019 letter to...
Pago Pago, AMERICAN SAMOA — Judge Elvis P. Patea has denied a motion filed by Assistant Attorney General Robert Morrison to continue the jury trial of former Executive Director of the American Samoa Government's Employees' Retirement Fund, Luatua Filisouaiga Ta’afua.
Trial will move forward as...
Pago Pago, AMERICAN SAMOA — During each of their sessions last Friday, both the Senate and House approved in second reading their respective versions of the American Samoa Government’s fiscal year 2019 budget totaling $439.58 million, with no changes made.
The budget goes through third and final...
Dear Editor,
The proposed legislation by the administration to increase the Retirement Fund's local investment cap from 17.5% to 35% is extremely dangerous and will definitely lead to bankrupting the funds.
There are numerous misleading statements and misinformation about the proposed...
Pago Pago, AMERICAN SAMOA — American Samoa TeleCommunication Authority’s proposed fiscal year 2019 budget of more than $43 million in revenue includes over $18 million from the ASG Employees Retirement Fund that the authority has requested, but is not yet approved, according to information revealed...
Pago Pago, AMERICAN SAMOA — The Lolo Administration is taking a closer look at the current ASG Employees Retirement Fund policy and has requested all ASG entities to provide a report, which lists employees who have been employed by ASG for 30 years or more.
“In our ongoing efforts to explore...