Delaware Statutes
§ 5573 — Vested right to service pension
Delaware·Title 29·Part Public Officers and Employees·Ch. 55A COUNTY AND MUNICIPAL PENSION PLAN·Subch. Eligibility Requirements and Benefits
(a)A member who has 5 years of credited service shall have a vested right to a pension.
(b)An inactive member’s vested right shall be forfeited upon an application for a refund of the member’s accumulated contributions and cancellation of membership.
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Legislative History
62 Del. Laws, c. 398, § 1 ; 68 Del. Laws, c. 364, § 2 ; 70 Del. Laws, c. 186, § 1
Nearby Sections
15
§ 5501
Definitions§ 5502
Employment of pensioners§ 5504
Waiver of benefits§ 5505
University of Delaware§ 5520
Retirement option