Author Archives: Priana Andreas

  • -

Interior Announces $820,600 in FY 2020 for Prior Service Trust Fund Program

Category : Prior Service

Interior Announces $820,600 in FY 2020 for Prior Service Trust Fund
Program Provides Key Support to Elderly in the Pacific

WASHINGTON _ U. S. Department of the Interior Assistant Secretary, Insular and International Affairs Douglas W. Domenech has authorized $820.600 in FY 2020 funding for the Prior Service Trust Fund (PSTF) Administration which distributes benefits to the more than 700 former employees of the post-World War II, . Trust Territory of the Pacific Islands (TTPI) in the Western Pacific.

“The Prior Service Trust Fund program is an ongoing commitment that the United States holds in the Pacific and in particular to individuals who previously served in the former Trust Territory of the Pacific Islands,” said Assistant Secretary Domenech. “We appreciate that the U.S. Congress provides these funds for the Prior Service beneficiaries who rely on them for important basic needs.”

Employee benefits provided through the Prior Service Trust Fund represent a responsibility assumed by the Federal Government following the dissolution of the TTPI in 1986. The program serves beneficiaries with five years or more of prior service. The four jurisdictions to emerge from the TTPI were the Commonwealth of the Northern Mariana Islands, the Federated States of Micronesia, the Republic of the Marshall Islands.
and the Republic of Palau. The Commonwealth of the Northern Mariana Islands is a U.S. territory. The latter three entities are independent sovereign Pacific Island nations who each share a unique relationship with the United States under a Compact of Free Association agreement.

“Read More”


  • -

  • -

  • -

  • -

  • -

  • -

FSMSSA VACANCY ANNOUNCEMENT JANUARY 2020

POSITION VACANCY ANNOUNCEMENT

Location: FSM Social Security Administration, Kolonia, Pohnpei FM

Opening Date:January 9, 2020
Closing Date:January 24, 2020

Position: Tax Administration Assistant

Salary Range: $5,000.00 to $13,000.00 per annum
(Depending upon qualification)

The Federated States of Micronesia Social Security Administration is seeking for a qualified candidate to fill the position of a Tax Administration Assistant. This position reports directly to the Tax Administration Officer. Responsibilities for this position include assisting the Tax Administration Officer’s duties of enforcing Social Security tax law requirements. This position is very team-oriented and highly interactive with all the branch offices.

Nature of Work:

1. Determine that Branches provide complete and correct documentation for collecting all proper social security tax revenue;

2. Determine that all audit computations are complete and accurate and that the delinquent employers are updated in the FSMSSA database system;

3. Assist Tax Administration Officer and branches in all facets of audit work, including legal aspects;

4. Determine that all tax returns and tax data are maintained in a complete, accurate and orderly manner;

5. Assist Tax Administration Officer in coordinating delinquent employer payment agreements and schedules and make recommendations on dealing with delinquent employers;

6. Maintain adequate filing and retrieval systems on all tax collection matters;

7. Perform other duties as assigned.

Requirements of Work

Must have great work ethics, strong mathematical skills, excellent written and verbal communication skills, strong analytical skills, interpersonal skills and be computer literate. Must have knowledge of basic audit and accounting principles.

Education & Work Experience Requirements

Position requires a degree in Business Administration or related field or equivalent. Experience in payroll processing or preparation of employer’s Social Security tax returns is a plus.

Application Instruction
Any interested candidates should obtain application form at any Social Security Branch Office or Headquarters. Submit the application or show postmark if mailed, no later than January 24, 2020 along with diplomas and/or transcripts to any of the Social Security Branch Offices or to:

Federated States of Micronesia Social Security Administration
P.O. Box L
Kolonia, Pohnpei FM 96941


  • -

Welcome Aboard New Hires

FSMSSA welcomes new hire Ms. Loreta L. Memai from the state of Yap as the new Yap Branch Office Assistant. 35 year old Loreta  studied General studies and holds a Diploma of Completion. She have had work experiences, five years at YPDR Resort and four years at Manta Ray Bay Resort, both in Yap State.

This position reports directly to the State Branch Manager.  Responsibilities for this position include assisting the Branch Manager and other Branch staff in ensuring that the Branch operates effectively, efficiently and competently and provides quality services/good customer relations with all dealing with the Branch, either in person or by electronic communication. Loreta in every way is capable to serve the program with such purposes. She looks forward to learning and gaining as much possible and in return assist the needs of the people involved with the program. Her flexibility in language understanding ranges for she understands outer islanders, Pohnpeian, Marshallese and Chuukese language. Welcome Aboard Loreta.

 

Mr. Wensworth Billen was hired at the HQ office in August 2019 as theAccount Analyst. The Account Analyst reports directly to the comptroller , assisting in maintaining the program’s accounting policies and practices, in particular ledger entries, cash receipts and the fixed asset register.

Wensworth is a COM-FSM graduate with an A.S. Degree in Business Administration and he is capable of doing the tasks that comes along with the job. In his experience, he was once a Peer Counseling Advisor while  in College, helping students with tutoring sessions when needed in any subject areas. Later in 2012, he as hired at LP Gas as a graphics designer for there months and another 4 years as Accountant at Federated Shipping Company Ltd. Wensworth, upon being hired was elated and looks forward to learn as much and to contribute his abilities by doing the duties accordingly. He feels honored and lucky to be the one hired among all applicants. Welcome Aboard Wensworth.

 


  • -

Fsmssa board of trustees chairman and deputy administrator attends workshop

Category : Press Releases

FSMSSA was invited by the Pacific Financial Technical Assistance Center (PFTAC) to participate in a workshop in Majuro, September 18-20, 2019. The workshop was a joint event organized and delivered by three PFTAC programs including Real Sector Statistics, Revenue Administration and Macroeconomic Programming. The purpose of the event is to bring together senior tax administration officials with senior officials from the National Statistics Offices of all PFTAC member countries to discuss the of ‘Use of Administrative Data in National Accounts’ particularly the importance of effective mechanisms for the secure sharing of tax and social security data with National Statistics Offices (NSO).

Chairman Harris and Deputy Ilai joined discussions over the course of the workshop from beginning to closing. It was for the program’s benefit that attending such workshops are highly recommended to the leadership of the program. The program always builds up its strength in such trainings and workshops. The presentations given were fully effective to building and refreshing knowledge of participants. FSMSS program looks forward to attaining its stability from all these resourceful information and on those who gained them to support the program with.

 


  • -

Administrator presents at northwest Leadership conference 2019

Category : Press Releases

In the early weeks of September, FSM Social Security Administrator Alexander R. Narruhn attended the Northwest Leadership Conference 2019 on Makur Island, outer islands of Chuuk State. Administrator Narruhn shared a presentation to the large group, an overall presentation based on functions of the program. Detailed information about social security benefits were discussed, including eligibilities to retirement and other types of benefits. The different types of benefits were introduced with its requirements. Administrator’s presentation touched on the program’s Financial Statements audited and unaudited from 2016 to 2019 as well as its Investment Fund Performance. Tax collections especially delinquency was introduced as it remains a major problem to the program’s tax collections. Along with the challenge of delinquency, FSMSSA also face more of which, benefit payments exceeding tax collections, downsizing of government and closing of several major businesses, increase number of beneficiaries and low funded ratio, high unfunded accrued liability. These challenges are on hand and as much as the Administration tries to battle with, still comes on the way due to the giving and receiving processes of the program. Therefore, the program gives more than it collects. Otherwise, the Administration never gives up fighting these challenges finding ways to support the program and keep on right track to its purposes.  Lastly, there are pending amendments in process to support the program in every way possible for its longevity.