4 GCA § 8136: Contributions to Fund.
Where this section sits in the code
- Title 4: Public Officers and Employees
- Chapter 8: Retirement of Public Employees
- ARTICLE 1: DEFINED BENEFIT PLAN [OLD PLAN]
(a) Base Pay. Each member of the Fund shall contribute the following:
(1) Six percent (6%) of salary earned and accruing to such member from the operative date to July 1, 1973;
(2) Six and one-half percent (6.5%) of salary earned and accruing to such member subsequent to July 1, 1973;
(3) Seven and one-half percent (7.5%) of the base pay earned and accruing to such member subsequent to October 1, 1981;
(4) Eight and one-half percent (8.5%) of the base pay earned and accruing to such member to be effective on the first full pay period after the date of enactment of this Section, which enactment date is subsequent to October 1, 1992;
(5) Nine and one-half percent (9.5%) of the base pay earned and accruing to such member subsequent to October 1, 1993.
(b) These contributions shall be made as a deduction from salary, notwithstanding that the salary paid in cash to such member may be reduced thereby below the established statutory rate. Every employee who is a member of the Fund shall be deemed to consent and agree to the deduction from salary as herein provided, and shall receipt for his full salary, and payment to such employee of salary less such deductions shall constitute a full and complete discharge and acquittance of all claims and demands whatsoever for the services rendered by such employee during the period covered by such payment, except as to the benefits herein provided.
(c) The annual salary of a member shall include:
(1) the base pay of the member for which he/she contributed to the Fund as required in § 8136(a) of this Chapter; and
(2) the non-base pay of the member for which he/she contributed to the Fund pursuant to his/her election made prior to March 29, 1993, in accordance with P.L. No. 19-010:XI:10, P.L. No. 20-4:3, and P.L. No. 22-006:7.
Collected 2026-09-27T02:14:48Z. Source file · JSON