Delaware Statutes
§ 8842 — Employer contributions
Delaware·Title 11·Part Law-Enforcement Administration·Ch. 88 DELAWARE COUNTY AND MUNICIPAL POLICE/FIREFIGHTER PENSION PLAN
The contribution of the county or municipality for each fiscal year shall be the percentage of covered payroll approved by the Board on the basis of the most recent actuarial valuation and shall equal:
(1)The normal cost; plus
(2)Adjustments for actuarial gains and losses or increases in benefits adopted on or subsequent to participation; plus
(3)Administrative costs.
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Legislative History
64 Del. Laws, c. 445, § 1
Nearby Sections
15
§ 8801
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Employment of pensioners§ 8804
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