Definitions

Defined Contribution Retirement System Created and Established; Body Corporate. Article to be Liberally Construed; Purpose. Administration of the Government Defined Contribution Retirement System. Powers and Duties of the Board of Trustees in the Administration of the Defined Contribution Retirement System. Participation in Government of Guam Defined Contribution Retirement System; Limiting Participation in Existing Retirement System. Same: Ineligible Persons. Voluntary Participation in System. Members’ Contributions. Employer Contributions. Rollovers from Member’s and Employer’s Contributions Reserves. Employees on Active Duty. Termination of Membership. Vesting Schedule. Distributions Following Termination of Employment. Amount of Benefit Payments. Supplemental Annuity Contracts. Account Statements. Years of Employment Service for Vesting Purposes. Right to Benefits not Subject to Execution, etc. Administrative Expenses. Implementation. Lump Sum for Sick Leave Not Utilized. [Repealed.]