4 Guam Code Ann. § 8125
Terms Used In 4 Guam Code Ann. § 8125
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
(b) The annuity in Subsection (a) shall be reduced by any amounts awarded to a member under worker’s compensation laws for substantially the same impairment.
(c) The Board may revoke any and all disability retirement annuity benefit(s) if a member fails to report a worker’s compensation award for substantially the same impairment.
(d) As used in this Section “”annual salary”” means the base pay and non-base pay for which the members contributed to the Fund as provided in § 8136(c) of this Chapter.
(e) Any disability retirement annuitant who shall have the annuitant’s annuity recomputed as of December 1, 1972, shall
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receive an automatic increase of the annuitant’s then recomputed annuity in the amount of one and one-half percent (12%) thereof on December 1, 1972.
(f) Any disability retirement annuitant who, between April
1, 1970 and December 1, 1972, became entitled to receive a disability retirement annuity, shall have the annuitant’s basic disability retirement annuity increased on December 1, 1972, by an amount equal to one-half percent (2%) thereof for each four (4) month period that the annuitant was in receipt of the annuitant’s annuity.
(g) Any disability retirement annuitant who receives less than Six Thousand Dollars ($6,000.00) salary during that person’s employment shall have the annuitant’s disability retirement annuity recomputed at a Six Thousand Dollar ($6,000.00) salary level, subject to the additions set forth in § 8129.
SOURCE: GC § 4212.2, as added by P.L. 13-199 (Nov. 11, 1976); amended by P.L. 16-009 (May 4, 1981) and P.L. 17-006:6 (May 5, 1983). Repealed and reenacted by P.L. 24-315:4 (Dec. 23, 1998). Repealed and reenacted by P.L. 25-072:IV:6(a) (Sept. 30, 1999).