American Samoa

The American Samoa Government Employees' Retirement Fund covers most employees of the territory of American Samoa. As of 2012, there are 4,579 active members of the system and 1,762 beneficiaries. 
 

Board Composition

Plan

Board Size

Appointed

Elected

Plan Members

Ex Officio

ASGERF

7

7

0

4

0

As passed by the Legislature and signed into law by the Governor on April 12, 2013: Effective June 4, 2013, Amending Chapter 14 Section 7.1410, American Samoa Code Annotated (House Bill 33-3):

Increases the number of trustees of the Fund (ASGERF) from five to seven, increases the number of trustees appointed by the Governor who must be members of the Fund with a minimum of five years of service from three to four, and increases the number of trustees appointed by the Governor who may not be members of the Fund from two to three and specifies that at least two must have experience in the private sector business community.

Further, the term of any incumbent member shall continue after its expiration except he shall be deemed resigned from the board and shall no longer serve if he, or his replacement, is not appointed and submitted by the Governor to the Legislature prior to the adjournment of any session during which the term expired, or if the term expires after adjournment of that session, then prior to the adjournment of the next session of the Legislature, regular or special.


Population (2010) 55,519

The U.S. Census Bureau does not track public pension statistics for American Samoa.

More Data


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What's New at NASRA: Updated Cost of Living Issue Brief

Cost-of-Living Adjustments (COLAs) play a significant role in public pensions. They help retirees keep up with rising prices, but they also add costs to pension plans. Policymakers and plan sponsors are tasked with balancing three things: benefits adequacy, plan sustainability, and affordability for members and plan sponsors.
The recent increase in inflation caused many policymakers and, in some cases pension trustees, to review how benefits are designed and paid for, including the way COLAs are granted and funded. NASRA’s recently updated issue brief on the lates trends in COLAs is available in the NASRA Research Center.