Delaware § 6663 Employer contributions

Delaware Statutes

§ 6663 — Employer contributions

Delaware § 6663

Title16

PartSafety

Ch. 66ADelaware Volunteer Firemen’s Pension Plan

This text of Delaware § 6663 (Employer contributions) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 16, § 6663 (2026).

Text

(a)The employer’s contribution to the Fund for the fiscal year 1986-1987 shall be $250,000.

(b)The employer’s contribution to the Fund for the fiscal year 1987-1988 shall be $250,000.

(c)The employer’s contribution to the Fund for the fiscal year 1988-1989, and for each fiscal year thereafter shall be a sum approved by the Board on the basis of the most recent actuarial valuation.

(d)The actuary shall prepare an actuarial valuation of the assets and liabilities of the Fund as of June 30, 1988, and each year thereafter. On the basis of reasonable actuarial assumptions and tables approved by the Board, the actuary shall determine the normal cost required to meet the actuarial cost of current service and the unfunded accrued liability.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) The employer’s contribution to the Fund for the fiscal year 1986-1987 shall be $250,000.

(b) The employer’s contribution to the Fund for the fiscal year 1987-1988 shall be $250,000.

(c) The employer’s contribution to the Fund for the fiscal year 1988-1989, and for each fiscal year thereafter shall be a sum approved by the Board on the basis of the most recent actuarial valuation.

(d) The actuary shall prepare an actuarial valuation of the assets and liabilities of the Fund as of June 30, 1988, and each year thereafter. On the basis of reasonable actuarial assumptions and tables approved by the Board, the actuary shall determine the normal cost required to meet the actuarial cost of current service and the unfunded accrued liability.