Board meetings, strategic plans, and buyer signals from Thomas H. San Agustin’s organization
Jul 23, 2026·BoardMeeting
Board
Government Of Guam Retirement Fund Board Of Trustees Regular Meeting
The Board meeting for the Defined Contribution Plan included a review of the Director's Report, which provided updates on Standard Insurance long-term disability claims and the status of agency contributions. The Third Party Administrator reported on the performance and asset status of the 401(a) and 457 plans, including disbursement, loan, and participant engagement statistics. Discussion also took place regarding loan repayment requirements for participants, call service center performance metrics, and the status of the CIT transition and data transfer projects. A member grievance regarding account management and investment changes was addressed.
Jun 25, 2026·BoardMeeting
Board
Government Of Guam Retirement Fund Board Of Trustees Regular Meeting
The meeting included a review of the Director's report concerning COLA awardee disbursement procedures and agency contribution statuses. The Treasurer reported on the retirement fund's drawdown authority and secured approval for an extension through September 2026. The Investment Committee provided portfolio updates. A disability pension for a specific case was approved following medical evaluations. Additionally, the Board reviewed and approved the Actuarial Valuation as of September 30, 2025, which highlighted changes in contribution rates and unfunded actuarial accrued liability.
May 21, 2026·BoardMeeting
Board
Government Of Guam Retirement Fund Board Of Trustees Regular Meeting
The board conducted an executive session regarding the Director's position, resulting in the acceptance of the Director's retirement and the approval of a new three-year contract, including salary determination. Discussions covered the FY-2025 actuarial valuation, including amortization options under Public Law 38-120 and the impact on employer contribution rates. Financial reports regarding agency contributions and supplemental benefits were reviewed. The Investment Committee presented a recommendation for a new target asset allocation, which was approved. Additionally, a disability case was reviewed, and the decision was tabled to allow for an evaluation by a third physician.
May 21, 2026·BoardMeeting
Board
Government Of Guam Retirement Fund Board Of Trustees Regular Meeting Minutes
The meeting included a review of the Director's report concerning Standard Insurance LTD claims and a financial update confirming agency contributions were current. A representative from Empower presented the Third Party Administrator's report for the 401(a) and 457 retirement plans, noting increases in assets and contributions, participant engagement data, and outstanding loan figures. The Board approved the addition of a 'Best Interest Profile' tool for the retirement plans. Additionally, the Investment Committee reported on scheduling for the upcoming Quarterly Performance Review.
Extracted from official board minutes, strategic plans, and video transcripts.
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