(a) In this chapter:
(1) “Tier II Retirement Benefits Program” mean the second tier system, as established in section 750 of this chapter, to be administered by the Employees Retirement System of the Government of the Virgin Islands.
(2) “Member” means any employee included in the membership of the System and participating in the Tier II program.
(3) “Prior Service” means service as an employee of the employer after the date of enactment of this program until the last day of service prior to the member's date of retirement.
(4) “Regular Interest” means interest accrued on a member's contributions, after the date of enactment of this program, compounded annually, at the rate as shall be determined by the Board, from the experience of the system.
(5) “Average Compensation” means the career average of a member’s compensation over the entire course of service provided to the employer, subject to the maximum salary limitations in effect during the service.
(6) “Police officer” means employees who perform traditional police duties or direct others in the performance of these duties, and excludes all other employees the as [sic] cadets, clerical, and housekeeping employees.
(7) “Prison Guard” or “Corrections Officer” means an employee in the Bureau of Corrections and the Department of Human Services who performs traditional correctional officer and supervisory correctional officer duties. This definition does not include any others in the Bureau or Department, such as clerical, housekeeping and food service employees or other supervisory or managerial personnel.
(8) “Firefighter” means an employee who performs traditional firefighting or fire prevention duties or direct others in the performance of these duties and excludes all other employees the as [sic] such as cadets, clerical, and housekeeping employees.
(9) “Salary Right” means compensation earned to include benefits or dues as a result of contract negotiations for the time of employment prior to separation from service, and shall also mean an increase or raise in compensation granted to any exempt employee or employee working in the unclassified service that has not yet been paid to the employee.
(10) “Compensation” means amounts received as pay, salary or remuneration for services rendered, provided that the maximum amount of compensation to be used for contribution by members or in the computation of any annuity or benefit hereunder shall be $65,000. Overtime pay or compensation for special services may not be included as compensation.
(b) Deleted.