5 Guam Code Ann. § 40109
Terms Used In 5 Guam Code Ann. § 40109
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
Vice-Mayors shall be that provided in 4 Guam Code Ann. § 6206.
(b) From the date of enactment of this Subsection (b) and until the end of Fiscal Year 2003, the Chief Mayor, Mayors, and Vice-Mayors are authorized to reduce their salaries down to eighty percent (80%) of the amount as computed according to Subsection (a) of this Section, for a maximum reduction of twenty percent (20%).
(c) A village mayor or vice-mayor who has retired from the government of Guam who is eligible to receive retirement benefits from the Government of Guam Retirement Fund under either the Defined Benefit Plan created by Title 4 Guam Code Ann., Chapter 8, Article One, or the Defined Contribution System created by Title 4 Guam Code Ann., Chapter 8, Article Two, shall not relinquish, forfeit or have such benefits suspended during the periods said official holds his respective office; provided, however, that such a mayor or vice- mayor, if he is a member of the Defined Benefit Plan, shall not be deemed an active member of that Plan during his service in that
office, and shall be eligible to contribute to the Defined
Contribution System.
SOURCE: GC § 15006 modified to reflect current code citations. Amended by P.L. 20-33:1; P.L. 27-005:IV:10 (eff. 02/28/2003). Subsection (c) added by P.L. 28-141:10 (July 18, 2006), retroactive to Oct.
1, 2005 pursuant to P.L. 28-141:11.