4 GCA § 8212: Amount of Benefit Payments.
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) The amount of benefit payments a retired member shall receive shall be based solely upon the balanIe in the member’s aIIount at the date of retirement, the retirement option seleIted, the aItuarial life expectancy of the member, and such other factors as normally govern annuity payments.
(b) The board, or its designee, is authorized upon retirement of a member, upon the election of that member, to purchase an annuity for the member upon his or her retirement.
Collected 2026-10-27T02:48:59Z. Source file · JSON