Title 4, Public Officers and Employees

The Board of Trustees created pursuant to Article 1 of Chapter 8 of this Title shall administer the Government of Guam Defined Contribution Retirement System. The board may sue and be sued, contract and be contracted with and conduct all the business of the defined contribution s…

Contribution Retirement System. (a) The Board has all powers necessary to effectuate the purposes of this Article. The Board may contract with an insurance, annuity, mutual fund, or other qualified company or companies to administer the operations of the Defined Contribution Reti…

Participation in Existing Retirement System. (a) Beginning October 1, 1995, the Government of Guam Defined Contribution System shall be the single retirement program for all new employees whose employment commences on or after that date. No additional new employees may be admitte…

The following persons shall not be eligible for membership: (a) Persons whose services are compensated on a fee basis. (b) Independent contractors. (c) Persons whose employment is for a specific project. (d) Persons who are employed in the Senior Citizens Community Employment Pro…

(a) Any member with less than twenty (20) years service credit, recognized under the existing system, may, upon written election, voluntarily elect membership in the Government of Guam Defined Contribution COL 2026-05-05 System, on a prospective basis, on or after October 1, 1995…

(a) All contributions by the members shall be mandatory. (b) From the operative date through December 31, 2017, contributions shall be equal to five percent (5%) of base pay. On and after January 1, 2018, contributions shall be equal to six and two tenths percent (6.2%) of base p…

(a) [No text] (1) Each employer shall, pursuant to § 8208, make a contribution to each member’s account with respect to each member whose employment commenced on or after October 1, 1995, or who transfers to the Defined Contribution Retirement System pursuant to § 8207, which is …

(a) Rollover of Member’s Contributions. Amounts transferred from the Member’s Contribution Reserve in accordance with Subsection (a) of § 8164 of this Chapter shall be deposited to the member’s account established for the benefit of the member under a trust agreement, and shall b…

The government shall pay the employer’s and member’s Government of Guam Defined Contribution Retirement System contributions, group health insurance premiums, and group life insurance premiums for all officers and other employees of the government of Guam who are on leave without…

(a) A member’s interest in the following shall be fully and immediately vested and nonforfeitable: (1) members’ contributions, pursuant to § 8208; (2) rollover of member’s contributions pursuant to Subsection (a) of § 8209.1, including amounts rolled over from other qualified ret…

(a) Normal and Early Retirement. At any time after a member reaches the early retirement age of fifty- five (55) years and has completed five (5) years of employment for vesting purposes, or reaches the normal COL 2026-05-05 retirement age of sixty-five (65) years, that person ma…

(a) The amount of benefit payments a retired member shall receive shall be based solely upon the balance in the member’s account at the date of retirement, the retirement option selected, the actuarial life expectancy of the member, and such other factors as normally govern annui…

The board shall authorize the private pension, insurance, annuity, mutual fund, or other qualified company or companies with whom it contracts to make available to members such supplemental annuity options, disability and other insurance or benefits.

The Board shall prepare, or cause to be prepared, on a quarterly basis, an account statement for each member’s account, to include the amount of the member’s contributions, employer contributions, rollover contributions and amounts maintained in the transfer incentive reserve, pl…

A member of the Government of Guam Defined Contribution Retirement System who leaves government service with a participating employer and does not withdraw any funds from his or her account and becomes reemployed with a participating employer within five years shall retain his or…

The right of any person to a benefit provided for in this Article shall not be subjected to execution, attachment, garnishment, the operation of bankruptcy or insolvency laws, or other process whatsoever, nor shall any assignment thereof be enforceable in any court, except court …

(a) Fees Or Charges Paid By Participants. The Board of Trustees may provide for administrative fees or charges to be paid by participants in the following manner: (1) For fiscal years beginning October 1, 1995, and October 1, 1996, the Board of Trustees may assess an amount up to…

The Board of Trustees will be responsible for implementation of the new defined contribution plan and the completion of the following implementation steps: (a) Establishment of procedures to withhold member and employer contributions and transferring of such contributions to a te…

[Repealed.] SOURCE: Original § 8219 dealing with “Deferred Compensation” repealed by P.L. 24-268:2 (Aug. 17, 1998). Current section added by P.L. 25-157:12 (July 10, 2000). Repealed by P.L. 26-086:2 (May 17, 2002) and replaced by 4 GCA § 4108(h). ARTICLE 3 DEFERRED COMPENSATION P…

As used in this Article, unless the context otherwise requires: COL 2026-05-05 (a) “Deferred Compensation Program” or “Program” means the government of Guam Deferred Compensation Program created and established by this Article. (b) “Board of Trustees” or “Board” means the Board o…

Participation in Government of Guam Deferred Compensation Program; Limiting Participation in Existing § 457 Plans. (a) There shall be established the Government of Guam Deferred Compensation Program, hereinafter referred to as “Program,” to which member contributions, in the form…

The provisions of this Article shall be liberally construed so as to provide a Deferred Compensation Program for any member which is funded on a current basis from elective member contributions.

The Board of Trustees created pursuant to Article 1 of Chapter 8 of this Title shall administer the Government of Guam Deferred Compensation Program. The Board may sue and be sued, contract and be contracted with, and conduct all the business of the Deferred Compensation Program …

Retirement System in the Administration of the Deferred Compensation Program. (a) Adoption of Formal Written Plan and Trust Arrangement. The Board of Trustees shall be responsible for the adoption of a formal written plan setting forth all the terms and conditions of the Program,…

(a) Deductions from Salary. Member contributions in the form of deductions from salary shall not exceed the limits prescribed by Code § 457, as amended. The employer shall contribute or pay these member deducted contributions from the same source of funds which is used in paying …

(a) Subject to the approval of the Board of Trustees, the Director shall develop and establish a procedure by which common administrative expenses shared among the Government of Guam Retirement Fund, the Government of Guam Defined Contribution System and the Program, taking into …

(a) The amount of benefit payments that a retired member shall receive shall be based solely upon the balance in the member’s deferred compensation plan account at the date of retirement, the retirement option selected, the actuarial life expectancy of the member, if applicable, …

The Board of Trustees shall prepare or cause to be prepared, on a quarterly basis, an account statement for each member’s account. The statement shall include, but shall not be limited to, a statement of the current market value of the member’s account. The Board of Trustees shal…

As used in this Article, unless the context otherwise requires: (a) “Base Pay” means an employee’s stated rate of pay; (b) “Board” means the Board of Trustees of the Government of Guam Retirement Fund, which also is responsible for the direction and operation of the affairs and b…

The Welfare Benefit Plans for Defined Contribution Retirement System members as described herein shall be created and established to provide employee welfare benefits as reasonable and necessary to fulfill the purposes of this Article. The business of each welfare benefit plan cr…

The provisions of this Article shall be liberally construed so as to provide, to the extent practicable, similar, although not necessarily equal, pre-retirement disability and survivor death benefits as those provided to members of the Defined Benefit Plan, and to provide other e…

The Board of Trustees created pursuant to Article 1 of Chapter 8 of this Title, and authorized under Article 2 of Chapter 8 of this Title, shall administer the welfare benefit plans for members of the Government of Guam Defined Contribution Retirement System. The board may sue an…

The Board has all powers necessary to effectuate the purposes of this Article. (a) The Board is authorized and empowered to take any and all required action, including, but not limited to, (1) making decisions concerning plan design and adoption of the plan, (2) entering into con…

Members of the Defined Contribution Retirement System are eligible to participate in the welfare benefit plans established hereunder.

(a) Each participating employer shall make a contribution to the applicable welfare benefit account for the sole purpose of financing insurance premiums and administrative expenses related to the welfare benefit plans established under this Article, including pre-retirement disab…

As used in this Article, unless the context otherwise requires: (a) “Actuarial Cost of Credited Service” means a percentage of historical base salary corresponding to the service for which a member’s account is credited with employer contributions under the Defined Contribution R…

Membership in DB 1.75 Retirement System. (a) Defined Benefit 1.75 Retirement System. (1) Beginning January 1, 2018, the government of Guam Defined Benefit 1.75 Retirement System shall be established hereunder and System shall be comprised of membership under the government of Gua…

(a) Amount of Basic Retirement Annuity. Notwithstanding the otherwise applicable formula under § 8122 or other successor provision, the basic retirement annuity payable to a Defined Benefit 1.75 Plan member under the Retirement Fund shall be the following: (1) an amount equal to …

Account Balance, If Any. (a) In connection with credited service transferred from the Defined Contribution Retirement System to the Retirement Fund under § 8503(d)(1), a member’s Member Account balances in the Defined COL 2026-05-05 Contribution System shall be transferred to the…

(a) Amount of Disability Retirement Annuity. Notwithstanding the otherwise applicable formula under § 8125 or other successor provision, the amount of basic disability retirement annuity for a Defined Benefit 1.75 Plan member under the Retirement Fund shall be fifty percent (50%)…

The death benefit and survivor annuity provisions in connection with a member’s death under §§ 8131 through 8135 or other successor provisions shall be applicable to Defined Benefit 1.75 Plan members in a manner no different than the application to members who are not Defined Ben…

The member contribution provisions under § 8136 or other successor provision shall be applicable to Defined Benefit 1.75 Plan members in a manner no different than the application to members who are not Defined Benefit 1.75 Plan members. However, notwithstanding that the contribu…

In accordance with § 8308, the employer shall automatically enroll members and deduct and credit Defined Benefit 1.75 Plan member contributions under the Deferred Compensation Program in an amount equal to one percent (1%) of the member’s base salary. However, notwithstanding tha…