Delaware Code Title 11 Sec. 8814 – Vesting rights; return to service
(a) A member who has 5 years of credited service shall have a vested right to a service pension.
Terms Used In Delaware Code Title 11 Sec. 8814
- Board: shall mean the Board of Pension Trustees established by § 8308 of Title 29. See Delaware Code Title 11 Sec. 8801
- Credited service: shall mean , for any member:
- Employee: shall mean :
- Member: shall mean a person who is an employee on or after the date the employer affiliates with the Fund. See Delaware Code Title 11 Sec. 8801
(b) If a member who has less than 5 years of credited service ceases to be an employee, the service credits to the date of termination shall be cancelled unless:
(1) The member again becomes an employee within 4 months after such cessation of employment; or
(2) The member subsequently acquires 5 years of credited service; or
(3) The member has joined a state pension plan which provides for a unified state service pension and subsequently acquires 5 years of credited service; and provided that, if the member has withdrawn that member’s own contributions, the member repays them with interest at a rate determined by the Board.
(c) For purposes of this section, credited service shall include any period during which a member is receiving a disability pension as provided by this chapter.
(d) A former employee’s vested right shall be forfeited upon application for a refund of accumulated contribution.
64 Del. Laws, c. 445, § ?1; 67 Del. Laws, c. 86, § ?11; 70 Del. Laws, c. 186, § ?1; 75 Del. Laws, c. 133, § ?7; 76 Del. Laws, c. 214, § ?1;