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ASG Employees Retirement Fund

Gov. Lemanu Peleti Mauga
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...
Senate President Tuaolo Manaia Fruean
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...
Sen. Utu Sila Poasa
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...
Gov. Lemanu Peleti Palepoi Sialega Mauga
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...
Sen. Soliai Tuipine Fuimaono, chairman of the Senate Retirement Committee
Pago Pago, AMERICAN SAMOA — Senators will not attend the bi-annual meeting of the ASG Employees Retirement Fund (ASGERF) in Honolulu as initially planned, due to among others, the COVID-19 pandemic and since senators are at the age most susceptible to the virus, said Sen. Soliai Tuipine Fuimaono,...
Sen. Magalei Logovi’i
Pago Pago, AMERICAN SAMOA — A Senate bill which seeks to increase the contribution rate to the ASG Employees Retirement Fund, will be heading soon to Gov. Lemanu Peleti Palepoi Sialega Mauga, for review and a decision, after senators agreed to a House amendment on the proposed law. Meanwhile the...
Sen. Togiola T.A. Tulafono
Pago Pago, AMERICAN SAMOA — In voting “no” on a Senate bill, which seeks to increase contributions to the ASG Employees Retirement Fund (ASGERF), Sen. Togiola T.A. Tulafono argued that the proposed rate increase for employees would reduce the take home pay for workers, and especially affect those...
Retirement Fund Office executive director, I’aulualo Fa’afetai Talia (left) and ASG Employees Retirement Fund board of trustees chairman, Vaanatiu Tofala Iafeta
Pago Pago, AMERICAN SAMOA — ASG Employees Retirement Fund officials voiced their support for a Senate bill, which seeks to increase the contribution by the government and employees to the government’s pension plan, saying that it’s long overdue. “Payout is $23 million in just benefits alone [...
Centennial Building location of Retirement Fiund office
Pago Pago, AMERICAN SAMOA — Provisions of the federal Employee Retirement Income Security Act, commonly known as ERISA, “shall not apply” to the  ASG Employment Retirement Fund because it’s a government pension plan. This is according to a senior ASG official, who provided the unsolicited input,...
Attorney General Talauega Eleasalo Ale
    Pago Pago, AMERICAN SAMOA — Changes made to a provision of the law in Dec. 2008 authorizing the government to borrow $20 million from the ASG Employees Retirement Fund, eliminated the sunset clause, which was meant to roll back local investment from 17% to 10% after the loan was paid off. This...

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