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American Samoa governor sued for $200M over pension fund

By Associated Press

POSTED:
LAST UPDATED: 12:57 p.m. HST, May 09, 2013



PAGO PAGO, American Samoa » The board of trustees for American Samoa's $200 million pension fund is suing the governor of the Pacific island chain.

The trustees filed their complaint this week against Gov. Lolo Matalasi Moliga, who is the highest ranking local official in the U.S. territory in Polynesia.

A spokesman for Moliga referred questions to the attorney general's office, which said it would respond in court.

The trustees say Moliga didn't consult them before nominating new board members for the retirement fund in February, despite a legal requirement to do so.

The trustees want the governor to rescind his nominations until the he has consulted with the board.

The board's chairman, Aleki Sene, said the requirement exists to ensure nominees are well qualified and not politically motivated.

"There is just too much to risk when you consider the fact that this fund represents the life savings for most of our current and retired employees and their beneficiaries," Sene said. Sene said the group has a duty to take legal action.

The trustees say Moliga has already asked his nominees to begin working, although they haven't yet been confirmed by the territory Legislature. Lawmakers won't meet to confirm the nominees until July.

Trustees say the retirement fund board is the latest in a series of boards over which Moliga has exerted power without legislative approval. They say other boards he has targeted affect immigration, utilities and health care.







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allie wrote:
sad but all too common out there
on May 9,2013 | 01:50PM
Mythman wrote:
Mufi Hanneman's cousin?
on May 9,2013 | 02:59PM
Mei mei wrote:
Greedy mofo's - did ya think you really would get away???!! belongs in jail like the rest of the crooks & criminals!
on May 9,2013 | 03:12PM
BRock wrote:
So, I read that the reason for the lawsuit is because the governor did not consult with the trustees before appointing board members. No where does it say that there is anything more sinister going on. So I don't understand Allie's or meimei's comments. Could it be that they don't know what they are talking about?
on May 9,2013 | 03:59PM
hanalei395 wrote:
allie, meimei, mythman saw "Samoa", "sued", "$200M' in the headline.....that's all they needed to know.
on May 9,2013 | 04:29PM
Ronin006 wrote:
Editors need to edit stories. The story’s title says “American Samoa governor sued for $200M over pension fund,” which, to those of us who understand English, means the governor himself is being sued for $200M. The first sentence in the story says “the board of trustees for American Samoa’s $200 million pension fund” is suing the governor. So, which is it? The latter, no doubt.
on May 9,2013 | 04:56PM
hanalei395 wrote:
But it did bring out the Samoan haters.
on May 9,2013 | 05:03PM
Mythman wrote:
my question is serious, is he Mufi and Gus's cousin?
on May 9,2013 | 05:53PM
iwanaknow wrote:
Just sell some more coconuts/copra.................what's the big deal?
on May 9,2013 | 05:16PM
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