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Bills Overridden - 33rd
The following list of Bills Passed are available in electronic format from the 33rd Guam Legislature. The Bills Passed will continue to be added as they become available after each Legislative Session. If you do not see the Bills Passed, please contact the Clerk of the Legislature or call at (671) 472-3465/3474. (Updated: September 15, 2016)
Bill No. 2-33 (LS) as OVERRIDDEN - B. J.F. Cruz / M.F.Q. San Nicolas
An act to add a new article 5 to chapter 8,
title 4, Guam Code Annotated relative to
creating a new "defined benefit 1.75" Retirement System; and to creating a new cash
balance plan ("Guam Retirement Security
Plan") as alternatives to the defined
contribution retirement system upon timely
election in accordance with regulations to be
promulgated; to amend §§ 8208 and 8209(a) of
article 2, chapter 8, title 4, Guam Code
Annotated, relative to increasing the defined
contribution retirement system member and
employer contributions to six and two tenths
percent (6.2%); and to amend § 8137(b), article
1, chapter 8, title 4, Guam Code Annotated,
relative to extending the amortization period
of the unfunded liability for prior service. Passed: 5/3/16 | Vetoed: 5/17/16 | Overridden: 9/14/16
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