Delaware Statutes
§ 5592 — Employer contributions
Delaware·Title 29·Part Public Officers and Employees·Ch. 55A COUNTY AND MUNICIPAL PENSION PLAN·Subch. Financing and Administration
The contribution of an employer 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.
Free access — add to your briefcase to read the full text and ask questions with AI
Delaware § 5592 (Employer contributions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
62 Del. Laws, c. 398, § 1
Nearby Sections
15
§ 5501
Definitions§ 5502
Employment of pensioners§ 5504
Waiver of benefits§ 5505
University of Delaware§ 5520
Retirement option