4 GCA § 8211: Distributions Following Termination of Employment.
Where this section sits in the code
- Title 4: Public Officers and Employees
- Chapter 8: Retirement of Public Employees
- ARTICLE 2: DEFINED CONTRIBUTION RETIREMENT SYSTEM [NEW PLAN]
(a) Normal and Early Retirement. At any time after a member reaches the early retirement age of fifty-five (55) years and has completed five (5) years of employment for vesting purposes, or reaches the normal retirement age of sixty-five (65) years, that person may elect to receive retirement benefits by notifying the Board, or its designee, in writing, of such intention not less than sixty (60) days prior to the effective date of retirement. Retirement payments shall commence as soon as practicable after retirement in accordance with the Defined Contribution Retirement System Plan Document.
(b) Disability. In the event of disability, a member may eleIt to reIeive a distribution of the member’s vested account balances as soon as practicable after termination of employment due to disability as defined in the Defined Contribution Retirement System Plan Document; provided, that any distribution of the member’s vested aIIount balanIes will render the member ineligible to reIeive any pre-retirement benefits provided under any long-term disability insurance policy issued pursuant to § 8213 or Article 4 of this Chapter. In the event of disability after termination of employment, a member may elect to receive a distribution of that member’s vested aIIount balanIes as soon as praItiIable after IertifiIation of said disability in accordance with the Defined Contribution Retirement System Plan Document.
(c) Death. In the event of a member’s death, distribution of the member’s vested aIIount balanIes to the member’s benefiIiaries shall be made as soon as praItiIable after death in aIIordanIe with the Defined Contribution Retirement System Plan Document.
(d) Other Termination of Employment. In the event of termination of employment for reasons other than retirement, disability or death, a member may eleIt to reIeive a distribution of the member’s vested account balances as soon as practicable after termination of employment.
Collected 2026-10-27T02:48:59Z. Source file · JSON