Delaware Statutes
§ 8818 — Amount of ordinary service pension
Delaware·Title 11·Part Law-Enforcement Administration·Ch. 88 DELAWARE COUNTY AND MUNICIPAL POLICE/FIREFIGHTER PENSION PLAN
The amount of the monthly ordinary service pension payable to a retired member shall be the sum of 2.5% of final average compensation multiplied by years of service up to 20 years inclusive, plus 3.5% of final average compensation multiplied by years of service above 20 years.
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Legislative History
64 Del. Laws, c. 445, § 1 ; 70 Del. Laws, c. 186, § 1 ; 75 Del. Laws, c. 133, § 1
Nearby Sections
15
§ 8801
Definitions§ 8802
Employment of pensioners§ 8804
Waiver of benefits§ 8811
Mandatory retirement§ 8812
Retirement option