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Terms Used In 7 Guam Code Ann. § 6114

  • 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.
  • Dependent: A person dependent for support upon another.
) Any judge or justice in office on or before May 1, 1993 may, by written election filed with the Government of Guam Retirement Fund (>Fund””) within six (6) months after the enactment of this Section, bring himself within the purview of the Fund. No judge not in office on the date of enactment of this Act or Justice may participate in any other government of Guam retirement program.

(b) There shall be deducted and withheld from the salary of each Judge electing to bring himself or herself within the purview of the Fund a sum equal to such percentage of such Judge””s salary, including a salary paid after retirement, as may be prescribed by law, which shall be deposited with the Fund. Every Judge who elects to bring himself or herself within the purview of the Fund shall be deemed thereby to consent and agree to the deductions from his or her salary as provided in this section and payment less such deductions shall be in full and complete discharge and acquittance of all claims and demands whatsoever for all judicial services rendered by such Judge during the period covered by such payment, except the right to the benefits to which he or she or his or her survivors shall be entitled from the Fund.

(c) If any such Judge is entitled to any credit for past judicial services or for other service to the government of Guam, such Judge shall, in the same manner as other government of Guam employees, deposit with the Fund such sum as may be prescribed by law or regulations before any such prior services can be included in the computation of his or her total services for the purpose of computing any benefits to which he or she or his or her survivors shall be entitled under the provisions of the law establishing the Fund.

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7 Guam Code Ann. CIVIL PROCEDURE
CH. 6 JUDICIAL OFFICERS, JUSTICES AND JUDGES

(d) If any Judge or Justice is a member of the Fund at the time he or she takes office as a Judge or Justice, his or her judicial employment shall be deemed a continuation of his or her former employment and all such past service shall be counted towards his or her retirement date and retirement annuity.
(e) If any Judge or Justice who is within the purview of the Fund relinquishes his or her office by resignation or otherwise, and he or she is not entitled to any salary, such Judge or Justice shall be entitled to any benefit from the Fund in the same manner as other government of Guam employees.

(f) Upon the death of a Judge or Justice who is within the purview of the Fund, the surviving spouse and the dependent children of such Judge or Justice shall be entitled to such annuities as may be prescribed by law in the same manner as other surviving spouses and dependent children of government of Guam employees.

NOTE: Major changes here in 1992. This section, too, was effective on January 14,
1993 at midnight.

SOURCE: Subsection (a) amended by P.L. 24-327:10.