Delaware § 5523 Vested right to service pension

Delaware Statutes

§ 5523 — Vested right to service pension

Delaware·Title 29·Part Public Officers and Employees·Ch. 55 State Employees’ Pension Plan·Subch. Eligibility Requirements and Benefits

(a)An employee who is not a post-2011 employee and who has 5 years of credited service exclusive of service under § 5501(e)(4), (5) and (12) of this title shall have a vested right to a pension. A post-2011 employee who has 10 years of credited service exclusive of service under § 5501(d)(12) of this title shall have a vested right to a pension.

(b)A former employee’s vested right shall be forfeited upon an application for a refund of the former employee’s accumulated contributions.

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(a) An employee who is not a post-2011 employee and who has 5 years of credited service exclusive of service under § 5501(e)(4), (5) and (12) of this title shall have a vested right to a pension. A post-2011 employee who has 10 years of credited service exclusive of service under § 5501(d)(12) of this title shall have a vested right to a pension.

(b) A former employee’s vested right shall be forfeited upon an application for a refund of the former employee’s accumulated contributions.

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Legislative History

29 Del. C. 1953, § 5523; 57 Del. Laws, c. 592, § 1 ; 60 Del. Laws, c. 483, § 17 ; 63 Del. Laws, c. 423, § 3 ; 66 Del. Laws, c. 370, § 2 ; 67 Del. Laws, c. 124, § 4 ; 70 Del. Laws, c. 186, § 1 ; 70 Del. Laws, c. 524, § 8 ; 78 Del. Laws, c. 14, § 12 ; 79 Del. Laws, c. 174, § 1