Category Archives: Press Releases

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FSMSSA Employee Promotions

In February 2014, Robert Carlos (RC) began working at the FSMSSA as the Tax Assistant Officer. He had assisted the Tax Division in carrying out the duties of the division for years. Within the years he applied for another position in the Claims Division and was hired the Claim Analyst. As per duties differ in these Divisions, RC had different work experiences within the program divisions , which led him best qualified to be the new Claim Officer. Along with the qualities he possess and his work performance over the years, he had been promoted to be Claim Officer in May 2019. The Claim Officer reports directly to the FSMSSA Deputy Administrator. Responsibilities are to ensure that all claims made on FSM Social Security are processed in an entirely equitable, competent and on timely manner and that all beneficiaries of FSMSSA are treated strictly in accordance with the FSM laws and FSMSSA policies, processes, procedures and practices. The program looks forward to achieving its goals in terms referred to dealing with Claims within the Social Security System entrusting the work of this young man productively.

Briona Halverson had been with the program for over 10 years now. She began her experience with the FSMSSA Accounting Division as the Account Analyst. She had excelled with her duties in that division serving the program in so many years. With winds of change, she wanted to explore more and serve another division. Therefore, beginning May she started a new experience in the Claims Division as the Claim Analyst. The claim analyst is to assist the Claim Officer in ensuring that all aspects of FSM Social Security law and FSM Social Security Administration policies and practices, which relate to claims and associated matters, are rigorously conformed to at all times. With the skills and knowledge she possess, she is able to take on the new experience serving the claims division for all FSMSSA beneficiaries. She feels happy to be continuing serving the system under new job goals and her interest will surely assist her in support of task completions. FSMSSA looks forward to receiving good results as all employees always strive for to be better serving the FSM citizens.


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FSMSSA Board of Trustees meets for 2nd regular meeting

Category : Board News , Press Releases

The FSMSSA Board of Trustees held 2nd Regular Meeting in Chuuk on May 22-23, 2019. Every of these board meetings are held quarterly in and around the four states, as there may be a need to follow on pending appeal cases. With such matter, every quarter a Board meeting is called and inclusive of a special meeting when necessary. In attendance to this meeting were Chairman Harris, Vice-Chairman Tafileluw, members Sana, Nena, Falcam, Administrator Narruhn as Ex-Officio member, Deputy Administrator Ilai and FSMSSA Internal Auditor Win Thomas.

The Board were updated on FSMSSA division reports, mainly Financial and Tax Reports. The financial report specifies its net assets standing at $53.2 million as of March 31, 2019. Of this amount $48.6 million is accounted for the investment market value. The remaining $4.6 million represents cash, accounts receivables, travel advances, fixed assets and other assets. Liabilities of $148,031 include accounts payable to vendors, payroll liabilities for unremitted taxes, and payable to beneficiaries. Revenue grew by 5.7% to $5.0 million compared to $4.70 million in the same period last year. The increase is attributed mainly to the timing of Government bi-weekly payment in particular the Pohnpei State and Yap State which paid most of their 4th quarter 2018 taxes due January 2019. Benefits grew by 1.7% to $5.5 million compared to %5.4 million in the same period last year. The increase benefit is attributable to new claims and from retirees’ eligibility back to 100% of benefits. Administrative expenses amounted to $264,556 which represents 20% of the approved budget of $1.31 million. In March 2019, $1.0 million has been withdrawn from the investment portfolio to supplement benefit payments. Cash flow shows the actual sources and uses of cash. Collections were not enough to pay benefits and administrative expense, hence a cash deficit of $764,494. The cash deficit was funded by withdrawal of $1.0 million from investment trust fund.

Tax collection remains a challenge the program tackled with every day following its regulations on tax collection. As of 1st quarter 2019, FSMSSA’s total tax receivables was $5.2 million, which is 4% lower than the same period of last year. The major cause of this decrease has to do with lump sum payment of $254,228.83 to some companies in CY2018. The program’s tax collections struggles with out of the overall  delinquent employers, $3.3 million are either closed or inactive employers. About 64% of the total delinquent tax goes to these doubtful accounts and $1.9 million goes to businesses that are still operating and are currently able to pay off or make allotments to their delinquent balance. Still partial collections had been made up to 6% as of 1st quarter 2019 and FSMSSA Tax Division continues to push for more effort in collecting from refereed accounts.

FSMSSA Board of Trustees also had taken care of old or unfinished businesses along with new businesses and had received knowledge of recent communications and incidental report from Administrator Narruhn, inclusive of Social Security Amendments, results of public hearings and pending matters needed of Boards’ attention.

Finally, pending appeal cases were deferred to its special meeting in Kosrae, June 2019.

 


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FSMSSA attends Public Hearing with Health & Social Affairs Committee

FSM Congress committee on Health & Social Affairs called for a public hearing on May 17, 2019. FSMSSA responded with the presence of Mr. Jack Harris, Chairman of the Board of Trustees, Board Member Mr. Nakama Sana, Administrator Alexander R. Narruhn, and Deputy Administrator Francky Ilai. FSMSSA comptroller Ms. Tessie Dayao was in attendance. Committee members present included Chairman Ferny S. Perman and member Paliknoa K. Welly along with two Congress Legal Counsels.  The committee needed program updates especially on Financials of the FSMSSA. Administrator Narruhn presented figures that opens minds giving information that could be addressed to the whole Congress about the financial status of the FSM Social Security Program. With the exchange of questions and answers, both parties were satisfied on the given information, whereas, FSMSSA looks forward to the continuation of the subsidies given by Congress to support functions of the program, especially with any type of benefit.

 


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FSMSSA Administrator Narruhn reaches 20 years servicing the program

Category : Press Releases

Alexander R. Narruhn began serving the FSM Social Security Program in the year 1999, whereas, done more than it takes to keep the program going. Twenty years serving a same post could never be easy, yet Mr. Narruhn managed to administrate the program’s functions over such period of time. In every aspect of the program, Narruhn pushed for a better working environment serving the people of the FSM as should be. The whole FSMSSA Team Congratulates a dedicated and good hearted boss, looking forward to doing more under his supervisions in the other years to come. In light of that, Thank you Very Much Administrator Narruhn for all great deeds done for the people of the FSM.

 


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JOB OPENING AT FSMSSA (MAY 2019)

ANNOUNCEMENT OF POSITION VACANCY

 

Location: FSM Social Security Administration

Headquarter, Kolonia, Pohnpei FM

 

Opening Date: May 9, 2019

 

Position: Claim Officer

 

 

 

Closing Date: May 27, 2019

 

Salary Range: Starting at $15,000.00 (depending upon qualifications)

The Federated States of Micronesia Social Security Administration is seeking for a qualified candidate to fill the position of a Claim Officer. This position reports directly to the FSMSSA Deputy Administrator.  Responsibilities for this position are to ensure that all claims made on FSM Social Security are processed in an

entirely equitable, competent and timely manner and that all beneficiaries of FSM Social Security are treated strictly in accordance with the FSM laws and FSM Social Security Administration policies, processes, procedures and practices.

 

Nature of Work

  • Ensures that all claims received have all proper, complete and accurate evidence required;
  • Conduct such investigation as may be required to ensure the veracity of claimants and beneficiaries;
  • Check all benefit calculations for completeness and correctness;
  • Regularly check that beneficiaries are entitled to benefits being received and that correct payments are being made;
  • Monitor regularly pending claims, to ensure that all necessary action is being taken;
  • In conjunction with the Accounting Division, ensure that benefit checks are distributed in a timely manner;
  • Carry out various administrative functions in conjunction with, and in support of, the Accounting Division;
  • Supervise claim staff work load, performance and train staff as required;
  • Perform other duties as assigned.

 

Requirements of Work

Must have high level of mathematics,  competency in computers and financial matters. Excellent written and verbal communication skills. Must have knowledge of basic management principles and excellent work ethics.

 

Education Requirements

Position requires a Bachelor Degree in Business Administration and experience in social security operations and laws or in any similar benefit programs.

 

Filing Instructions

Any interested candidates should obtain application form at any Social Security branch office or the headquarter. Submit the application or show postmark if mailed, no later than May 27, 2019, along with diplomas, degrees and/or transcripts to any of the Social Security offices or to:

 

FSM Social Security Administration

P.O. Box L

Kolonia, Pohnpei FM 96941

 

 

APPROVED FOR BROADCAST/ANNOUNCEMENT BY

Administrator

Date: May 8, 2019


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FSMSSA Pohnpei participates in Women’s Day 2019

Category : Press Releases

FSMSSA was invited to do presentations at the 2019 Women’s Day Conference on March 7, 2019 at the State Governor’s conference Room, whereas, Pohnpei Branch Manager Leon Panuelo Jr. and Assistant Manager Trueleen J. Albert were present. An overall presentation of the program was given, consisting, the history and objective of the program, financial statuses, Benefit types and specifically the types of benefits and procedures to applying and all regulations in line to uphold the informative part that people needed to know and understand. After the informative presentation, the crowd raised tons of questions mostly regards to Benefit Claims and Tax Paying. To their surprises, many had just learned new information the public were never aware of. the productivity of the day rested in the hands of all the women who happened to be there for they were intended to push out their complains and comments. All were accepted by FSMSSA team, looking forward to a down drop of questions in the future. That concluded the presentation and requests were made for future awareness always.

 


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FSMSSA hires new Tax Admin. Assistant

Category : Press Releases

Justice Delight Norman began another experience opportunity with the FSMSS program beginning April 2019 as the new Tax Admin. Assistant. The Tax Admin. Assistant is responsible for assisting the Tax Admin. Officer’s duties of enforcing Social Security tax law requirements. This position is very team-oriented and highly interactive with all the branches and reports directly to the Tax Admin. Officer. Miss Norman, through careful selection of all candidates who had applied, was chosen to be the most qualified for this position. She had attended the College of Micronesia and looking forward to completing her Third Year Certificate in General Business in Spring 2019. She did relative work experiences in line with her major. For half a year she was a cashier and human resources assistant at Leo Enterprises. Recently she was fortunate to be hired at the FSM Social Security Administration office. Upon being hired, Justice was excited as she looks forward to gaining new knowledge and will have a new experience at FSMSSA. With the goal requirements of the job, her vision as the new Tax Admin. Assistant is to complete all given tasks and get along with colleagues. She strives to be a persistent Tax Admin. Assistant. The FSMSSA welcomes Miss Justice Delight Norman aboard.


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United States Department of Interior gives grant to Social Security Programs

The Prior Service Trust Fund (PSTF) is a supplemental retirement, disability and survivors’ plan established pursuant to Section 105(m) of U.S Public Law 99-239. It was established to continue to provide benefits to those who worked for the U.S. Navy Administration or the Government of the Trust Territory of the Pacific Islands for at least five years prior to July 1, 1968. In 1987, the United States Congress provided $8 million for initial capitalization of the PSBTF. The United States Government continues to meet its commitment and financial support to beneficiaries. These Prior Service beneficiaries are retirees and survivors who rely on monthly payments ranging from $54.00 to over $150.00 to pay for medicine, food, kerosene and other basic needs.

Effective April 1, 2006, the Federated States of Micronesia Social Security Administration assumed responsibility for benefit payments made to citizens of the Federated States of Micronesia. Beneficiaries of PSTF total about one thousand and lived in the Northern Mariana Islands, Republic of Palau, Federated States of Micronesia and Marshall Islands. FSM has a total of 450 beneficiaries who are currently receiving Prior Service Benefits.

In May 2016, the United States Department of Interior, Office of Insular Affairs (OIA), awarded additional money to the Prior Service Trust Fund Administration (PSTF) to enact and fully fund an increased cost of living adjustment (COLA) for all existing PSTF beneficiaries. It was an addition to the annual funds being received from OIA to maintain existing payments to PSTF beneficiaries.

In March 2018, the Prior Service Trust Fund (PSTF) was awarded funding through the office of Insular Affairs’ (OIA) Technical Assistance Program. A grant was awarded to fund Prior Service benefit payments to beneficiaries in the Commonwealth of the Northern Mariana Islands, the Federated States of Micronesia, the Republic of the Marshall Islands and the Republic of Palau. The grant included a partial funding award of $460,900 for PSTF benefit payments, will be available for the first six months of the next fiscal year. Additional funding will be awarded after OIA has received full appropriations for Fiscal Year 2018.

In April 2019, the Prior Service Board of Directors and staff wished to announce that the U.S Interior Assistant Secretary of Insular and Internal Affairs, Douglas W. Domenech has authorized the payment of $853,590 in FY 2019 Technical Assistance Funding for the Prior Service Trust Fund.

The Prior Service Trust Fund Board and Social Security Administrations take this opportunity to express their appreciation to Assistant Secretary Domenech and staff for providing this valuable assistance to families across Micronesia and beyond.