GarbageCollectorMBean.getCollectionTime() return cumulative wall clock time in milliseconds for specific algorithm.
For Stop-the-World algorithms (young collections usually) this could be interpreted as time application was paused.
For concurrent algorithms that value is perty useless, because it is not STW time and it is not CPU time (algorithm may use multiple threads, but wall clock time would be calculated).
Correct CPU time consumed by GC algorithm could be retrieved from performance counters (here is example of code reading these counters).
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