Employer Shares for Employees Applying for Early Retirement Credit

The government of Guam shall pay to the Retirement Fund in full all employer’s share of retirement contributions due for each applying employee within two (2) years of the date upon which the employee applied. The amount due from the government for each employee shall be equal to the annual employer’s share of the retirement contribution for the employee at the time of application multiplied by the number of years of credit the employee is applying for. SOURCE: Added as uncodified law by P.L. 19-019:55 (Aug. 22, 1988), codified by Compiler. Repealed and reenacted by P.L. 24-327:5 (Dec. 30, 1998).