Delaware Code Title 11 Sec. 8841 – Member contributions
(a) Effective January 1, 2006, member contributions to the fund shall be 7% of monthly compensation.
Terms Used In Delaware Code Title 11 Sec. 8841
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Compensation: shall mean all salary or wages, excluding overtime payments and special payments for extra duties, payable to a member for service. See Delaware Code Title 11 Sec. 8801
- Contract: A legal written agreement that becomes binding when signed.
- Employee: shall mean :
- Fund: shall mean the Fund established by § 8843 of this title. See Delaware Code Title 11 Sec. 8801
- Member: shall mean a person who is an employee on or after the date the employer affiliates with the Fund. See Delaware Code Title 11 Sec. 8801
- United States: includes its territories and possessions and the District of Columbia. See Delaware Code Title 1 Sec. 302
(b) An employee can repay a withdrawal benefit using a rollover distribution from:
(1) A direct rollover of an eligible rollover distribution from:
a. A qualified plan described in § 401(a) of the United States Internal Revenue Code [26 U.S.C. § 401(a)];
b. An annuity contract described in § 403(b) of the United States Internal Revenue Code [26 U.S.C. § 403(b)]; or
c. An eligible plan under § 457(b) of the United States Internal Revenue Code [26 U.S.C. § 457(b)].
(2) A participant contribution of an eligible rollover distribution from:
a. A qualified plan described in § 401(a) of the United States Internal Revenue Code [26 U.S.C. § 401(a)];
b. An annuity contract described in § 403(b) of the United States Internal Revenue Code [26 U.S.C. § 403(b)]; or
c. An eligible plan under § 457(b) of the United States Internal Revenue Code [26 U.S.C. § 457(b)].
(3) A participant rollover contribution of the portion of a distribution from an individual retirement account or annuity described in § 408 of the United States Internal Revenue Code [26 U.S.C. § 408] that is eligible to be rolled over and would otherwise be includible in gross income.
64 Del. Laws, c. 445, § ?1; 72 Del. Laws, c. 143, § ?2; 73 Del. Laws, c. 419, §§ ?4, 5; 75 Del. Laws, c. 133, § ?5;