LegalFix
Sign In

§ 8364 Vested rights; cancellation of service credits.

11 DE Code § 8364 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a) A member who has 10 years of credited service shall have a vested right to a service pension.

(b) If a member who has less than 10 years of credited service ceases to be an employee, the member’s service credits to the date of termination shall be cancelled unless:

(1) The member again becomes an employee within 4 months after such cessation of employment; or

(2) The member subsequently acquires 5 years of credited service; or

(3) The member has joined the state employees’ pension system; and provided that if the member has withdrawn contributions the member repays with interest at a rate determined by the Board.

(c) For purposes of this section, credited service shall include any period during which a member is receiving a disability pension as provided by this subchapter.

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

62 Del. Laws, c. 361, § 1; 67 Del. Laws, c. 86, § 12; 70 Del. Laws, c. 186, § 1.

Previous Section
§ 8363 Eligibility for service pension.
Next Section
§ 8365 Eligibility for disability pension.