Guam § 16115 - Retirement Fund.
Full text of Guam Guam Code Annotated § 16115 — Retirement Fund., with citation guidance and answers to common questions.
§ 16115. Retirement Fund.
(a) Officers and employees, excluding part-time student employees, of the University, not otherwise
ineligible under the provisions of Chapter 8, Title 4 GCA shall be members of the Retirement Fund. The
University shall contribute to the Government of Guam Retirement Fund on the basis of annual billings as
determined by the Board of Trustees of Government of Guam Retirement Fund, for the employer’s share
of the cost of the retirement benefits applicable to the University’s officers and employees, and their
beneficiaries.
(b) The University shall not be liable for any amount except for the annual statutory billings by the
Board of Trustees of the Retirement Fund. In the event that the annual statutory billing rate is determined
by any external auditor employed by the University to be less than the unfunded accrued liability of the
University for Retirement Fund purposes, any such differences between the statutory and actuarial
calculations shall be transferred to the Government of Guam General Fund.
Frequently Asked Questions About Guam § 16115
What does Guam Code Annotated § 16115 cover?
Section 16115 ("Retirement Fund.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 16115?
A common citation format is "Guam Code Annotated § 16115" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 16115 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.