17 chapters · 517 sections in this title.
4 GCA § 8101 Retirement Fund: Purpose
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The purpose of the Fund is to provide retirement annuities and other benefits for the employees of the government of Guam who become aged or otherwise incapacitated, and widows’ annuities and other benefits to the dependents of such employees, thereby enabling the employees to ac…
4 GCA § 8101.1 Statement of Legislative Concern
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(a) The actuarial valuation of the Government of Guam Retirement Fund issued October 9, 1992 by, Deloitte & Touche expressed concern that “the Fund benefit levels are excessive in comparison to most other government retirement systems. Benefit levels and retirement policy should …
4 GCA § 8101.2 Tax Qualification Requirements
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(a) The Fund shall maintain its status as a tax-qualified governmental pension plan under Section 401(a) of the Code. As used in this Article, “Code” means the United States Internal Revenue Code of 1986, as amended, applicable to Guam under the mirror provisions of the Guam Inco…
4 GCA § 8102 Tax Qualification Requirements: Title
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The Fund hereby created shall be known as the Government of Guam Retirement Fund. In such name or for the account thereof, all of its business shall be transacted, all of its money invested and all of its cash, securities and other property shall be held. SOURCE: GC § 4201.