Delaware Code Title 29 Sec. 5523 – Vested right to service pension
(a) An employee who is not a post-2011 employee and who has 5 years of credited service exclusive of service under § 5501(e)(4), (5) and (12) of this title shall have a vested right to a pension. A post-2011 employee who has 10 years of credited service exclusive of service under § 5501(d)(12) of this title shall have a vested right to a pension.
Terms Used In Delaware Code Title 29 Sec. 5523
- employee: as used in this chapter shall exclude all designated faculty and designated professional staff of the University of Delaware who are first employed by the University after June 1, 1970. See Delaware Code Title 29 Sec. 5505
(b) A former employee’s vested right shall be forfeited upon an application for a refund of the former employee’s accumulated contributions.
29 Del. C. 1953, § ?5523; 57 Del. Laws, c. 592, § ?1; 60 Del. Laws, c. 483, § ?17; 63 Del. Laws, c. 423, § ?3; 66 Del. Laws, c. 370, § ?2; 67 Del. Laws, c. 124, § ?4; 70 Del. Laws, c. 186, § ?1; 70 Del. Laws, c. 524, § ?8; 78 Del. Laws, c. 14, § ?12; 79 Del. Laws, c. 174, § ?1;