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Courtesy Visits Across Government Branches



FOR IMMEDIATE RELEASE

FSM Social Security Administration Leadership Conducts Courtesy Visits Across Government Branches to Highlight Financial Outlook and Program Sustainability

PALIKIR, Pohnpei – August 6, 2026 — Leadership and representatives of the Federated States of Micronesia Social Security Administration (FSMSSA) concluded a series of high-level courtesy visits on August 4 and August 5, 2026, engaging with principal leaders across national executive, Pohnpei State Executive, and Legislative leadership branches.

Each meeting opened with remarks of appreciation and introductions led by Jack Harris, Chairman of the FSMSSA Board of Trustees, followed by welcoming remarks from the host leadership. FSMSSA Administrator Leon Panuelo, Jr. then presented comprehensive operational and financial reports covering the second quarter of 2026.

Addressing Program Growth and Strategic Collaboration

A central message of the delegation’s presentations was the long-term sustainability of the fund. Chairman Jack Harris emphasized a crucial structural dynamic currently facing the administration: while the number of beneficiaries relying on social security programs continues to rise, annual tax revenues have remained relatively flat.

To address this trend, FSMSSA leadership discussed the necessity of active investment management, operational efficiency, and ongoing collaborative governance across all branches of government to safeguard benefits for current and future generations.

Pledges of Government Support:

At the conclusion of each session, leadership from the Office of the President, the Office of the Governor, and the Legislative expressed strong support for FSMSSA’s mission. The hosted leaders affirmed their commitment to working closely with the administration and reviewing potential measures or legislative actions to assist FSMSSA in overcoming any operational or financial challenges facing the program.

Key Financial & Beneficiary Highlights Presented

During the visits, Administrator Panuelo shared key figures detailing performance through mid-2026:

  • Net Asset & Portfolio Growth: FSMSSA total net assets reached $80.11 million as of June 30, 2026. Strong investment management yielded $5.27 million in net investment income during the first half of the year (representing an 8.14% rate of return on portfolio market values totaling $70.05 million).
  • Revenue & Operating Surplus: Year-to-date revenues reached $14.63 million, yielding an operating revenue surplus after benefit payouts of $1.45 million and an overall surplus after administrative expenses of $740,303.
  • Beneficiary Outreach: FSMSSA currently supports 6,384 total beneficiaries, with monthly benefit payouts amounting to $2,007,257.60:
    • Retirement Benefits: 3,822 beneficiaries (60% of total; $1.44M monthly)
    • Spousal Benefits: 1,772 beneficiaries (28% of total; $418.4K monthly)
    • Child Benefits: 530 beneficiaries (8% of total; $88.7K monthly)
    • Disability Benefits: 260 beneficiaries (4% of total; $115.8K monthly)

Leadership Statements

” The number of people relying on Social Security continues to rise, while our regular tax revenues remain relatively flat. By keeping open lines of communication with our executive and legislative leaders—and with their gracious commitment to help address our ongoing challenges—we can work together on sustainable solutions that protect the benefits our citizens depend on.”

— Jack Harris, Chairman, FSMSSA Board of Trustees

About the FSM Social Security Administration

The Federated States of Micronesia Social Security Administration (FSMSSA) provides financial security and social safety nets for eligible workers and their dependents across the nation through retirement, disability, and survivor benefit programs.

FSM Social Security Administration

You can find us on the web at www.fm/fsmss. Or you can e-mail us at info@fsmssa.fm or fsmssa@mail.fm

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FSM Social Security Administration Releases FY2024 Audited Financial Statements

Federated States of Micronesia Social Security Administration

PRESS RELEASE

P.O. Box L

Kolonia, Pohnpei FM 96941

Tel: (691) 320-2706/2708/4407

Fax: (691) 320-2607

The FSM Social Security Administration, in servicing the island nation’s citizens, holds public awareness of the program and its affairs a priority.

FOR IMMEDIATE RELEASE

FSM Social Security Administration Achieves Clean 2024 Audit with Strong Investment Gains and Zero Compliance Issues

KOLONIA, Pohnpei— The Federated States of Micronesia Social Security Administration (FSMSSA) has officially published its audited financial statements for the fiscal years ended December 31, 2024 and 2023. The independent audit, conducted by Ernst & Young LLP, granted the Administration a completely unmodified (“clean”) opinion.

Significantly, the independent auditors identified zero material weaknesses in FSMSSA’s internal controls over financial reporting and zero instances of noncompliance with government laws or regulations.

Key highlights from the 2024 fiscal period include:

  • Fund Growth: The Retirement Fund net position increased by 10.2%, rising to $62.3 million from $56.5 million the previous year.
  • Robust Investment Returns: The Administration’s investment portfolio recorded an impressive 10.5% return, generating $5.4 million in net investment income.
  • Increased Collections & Compliance: Total contribution collections grew by 13.4% to $26.3 million, bolstered by government wage adjustments and an aggressive recovery of $800,000 from delinquent tax accounts.
  • Fiscal Responsibility: Strict monitoring of administrative operations resulted in a 6% budget surplus for the year.

“These audit results underscore our team’s commitment to fiscal responsibility, transparency, and the stable management of the funds entrusted to us by the citizens of the FSM,” said the Administrator Leon Panuelo, Jr.. “While we continue to monitor long-term sustainability challenges, these milestones provide a secure foundation moving forward.”

The full financial report, including Management’s Discussion and Analysis (MD&A), is open to the public and can be viewed directly on the official FSMSSA website.

You can find us on the web at www.fsmssa.fm. Or you can e-mail us at info@fsmssa.fm.

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WELCOMING NEW FSMSSA STAFF MEMBERS

Federated States of Micronesia Social Security Administration

PRESS RELEASE

FOR IMMEDIATE RELEASE

FSM Social Security Administration Welcomes Three New Staff Members to Advance Public Service Excellence

POHNPEI, Federated States of Micronesia — July 15, 2026 — The Federated States of Micronesia Social Security Administration (FSMSSA) is proud to officially announce the appointment of three new professionals to its growing team. These strategic hires reinforce FSMSSA’s commitment to improving service delivery, safeguarding public funds, and ensuring the long-term social security benefits of all working citizens and retirees across the four states.

The new team members bring a diverse range of skills and a shared dedication to public service.

Introducing the New Team Members:

1.Lizzyann Rosario – Public Information Officer

Lizzy Ann Rosario officially joined the FSM Social Security Administration on June 29, 2026, stepping into the vital role of Public Information Officer. Outside of her professional dedication to public communication, Ms. Rosario is deeply family-oriented and enjoys spending quality time bonding with her family. In her new capacity, she will be leading the agency’s efforts to keep the public informed and connected.

“I wanted to work at the FSMSSA because I would love to help our people of Micronesia. I am looking forward to learning more about what the FSMSSA does for the citizens of Micronesia and what I, as a Public Information Officer, can do for them. Your hard work builds the future of the FSM, and your Social Security Administration is dedicated to protecting your future and your family’s peace of mind!” said Ms. Rosario.

2. Riesha Shianne Wilson – Data Entry Operator

Also joining the FSMSSA team on June 29, 2026, Riesha Shianne Wilson steps into the role of Data Entry Operator. Ms. Wilson has a strong passion for managing information with high precision and is deeply grateful for the continuous encouragement and support of her family. In her spare time, she enjoys listening to music and relaxing with friends.

“I wanted to come work here because I enjoy working with information, paying close attention to detail, and contributing to an organization that provides important services to the people of the FSM. I am looking forward to learning more about the social security system, growing professionally, and contributing to the team by ensuring accurate and efficient data entry. I am honored to be part of the Social Security Administration and am committed to providing accurate, efficient, and courteous service to our citizens,” stated Ms. Wilson.

3. Jenilee Actouka – Collection Clerk

Jenilee Actouka joined the FSMSSA team on July 13, 2026, as the agency’s new Collection Clerk. Married to Augustine (Randel) Ardos and a proud mother of three beautiful girls—Raemielle, Vivica Rae, and Ayumi Rose—Mrs. Actouka successfully balances a warm family life with her passion for public service. As a creative fun fact, she enjoys sewing custom Pohnpeian skirts crafted in Seinwar by jenActouka. In her new role, she is most excited to learn, grow, and meaningfully contribute to the administration’s core operations.

“I wanted to work for the Social Security Administration because I want to be a part of a team that serves as a positive impact on the people of the FSM. As we look ahead, I want to leave the citizens with a powerful quote by Martin Luther King Jr.: ‘We may have all come on different ships, but we’re in the same boat now,’” shared Mrs. Actouka.

About FSM Social Security Administration:

Established to provide financial security and peace of mind to the citizens of the Federated States of Micronesia, the FSMSSA administers retirement, disability, and survivor benefits for the nation’s workforce and their dependents. For more information regarding monthly benefit schedules, registration, or branch locations, please visit the official website at www.fsmssa.fm.

You can find us on the web at www.fsmssa.fm. Or you can e-mail us at info@fsmssa.fm.

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FSMSSA Modernizing for Better Service!

The Federated States of Micronesia Social Security Administration (FSMSSA) is taking a major step forward in improving services for our beneficiaries and the public!

FSMSSA is working to acquire a new database system—based on the Microsoft SQL platform and modeled after the one used by Palau Social Security—that will modernize how we operate across all FSM states.

What this means:

  • Faster, more reliable data sharing between HQ and branch offices
  • Easier and more flexible report generation for staff

This upgrade will strengthen FSMSSA’s ability to serve the people efficiently and securely, keeping pace with modern technology to better meet your needs.

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FSMSSA to Observe United Nations Day 2025

The Federated States of Micronesia Social Security Administration (FSMSSA) joins the global community in observing United Nations Day on Friday, October 24, 2025. In recognition of this international observance, all FSMSSA offices — including the Headquarters in Pohnpei and Branch Offices in Chuuk, Kosrae, and Yap — will be closed for the day.

The United Nations Day marks the anniversary of the entry into force of the UN Charter on October 24, 1945, which established the United Nations and its mission to promote peace, human rights, and social and economic development around the world. This day serves as a reminder of the importance of international cooperation and shared responsibility in addressing global challenges.

FSMSSA takes this opportunity to honor the UN’s commitment to improving lives and promoting social welfare — values that align with FSMSSA’s own mission to ensure the social and financial security of all citizens of the Federated States of Micronesia.

The public is kindly advised to conduct any official business with FSMSSA before October 24 or after offices reopen on the following Monday. FSMSSA appreciates the understanding and cooperation of all clients and beneficiaries.

FSMSSA extends warm wishes to everyone for a safe and reflective United Nations Day.

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In Observance of Pohnpei State’s Liberation Day Headquarters and Pohnpei Branch Will be Closed

The Federated States of Micronesia Social Security Administration (FSMSSA) Headquarters and Pohnpei Branch Office will be closed on Thursday, September 11, 2025 in observance of Pohnpei State’s Liberation Day.

Regular office hours will resume on Friday, September 12, 2025.

FSMSSA extends its warm wishes to the people of Pohnpei for a safe and meaningful celebration.