President's Day is observed in the Republic of Palau every June 1, honoring the country's President, who serves as both head of state and head of the executive branch of the government. This public holiday is marked by various festive events throughout the nation. Palau, a small island country in Micronesia, became a republic in 1981 after refusing to join the Federated States of Micronesia in 1979. The President of Palau is elected for a four-year term, which is renewable once, with Thomas Remengesau, Jr. being the only president to serve two consecutive terms. The first president, Haruo Remeliik, held office from 1981 until his assassination in 1985. President's Day serves as an official non-working holiday, allowing citizens to celebrate their democratic leadership and national identity.