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2021 Delaware Code
Title 11 - Crimes and Criminal Procedure
Chapter 88. Delaware County and Municipal Police/firefighter Pension Plan
§ 8842. Employer contributions.
Universal Citation:
11 DE Code § 8842. (2021)
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§ 8842. Employer contributions. 64 Del. Laws, c. 445, § 1;
The contribution of the county or municipality 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.
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