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Terms Used In 4 Guam Code Ann. § 8506

  • 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.
75 Plan Member Death and
Survivors Benefits.

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 Benefit 1.75 Plan members.