(a) The amount of the monthly ordinary service pension payable to a retired member shall be the sum of 2.5% of final average compensation multiplied by years of service up to 20 years inclusive, plus 3.5% of final average compensation multiplied by years of service above 20 years.
(b) Notwithstanding provisions of this chapter to the contrary, a member may elect to have his or her service or disability pension computed under this chapter reduced by 2% thereby providing a survivor's pension equal to 2/3 of such reduced amount to the employee's eligible survivor or survivors at the time of the employee's death. This election must be made in a form approved by the Board, filed prior to the issuance of the employee's first benefit check and shall be irrevocable.
(c) Notwithstanding provisions of this chapter to the contrary, a member may elect to have his or her service or disability pension computed under this chapter reduced by 3% thereby providing a survivor's pension equal to 75% of such reduced amount to the employee's eligible survivor or survivors at the time of the employee's death. This election must be made in a form approved by the Board, filed prior to the issuance of the employee's first benefit check and shall be irrevocable.
(d) Notwithstanding provisions of this chapter to the contrary, a member may elect to have his or her service or disability pension computed under this chapter reduced by 6% thereby providing a survivor's pension equal to 100% of such reduced amount to the employee's eligible survivor or survivors at the time of the employee's death. This election must be made in a form approved by the Board, filed prior to the issuance of the employee's first benefit check and shall be irrevocable.
Structure Delaware Code
Title 11 - Crimes and Criminal Procedure
Subchapter III. Service, Disability and Survivor’s Pensions
§ 8352. Employment of pensioners.
§ 8353. Attachment and assignment of benefits.
§ 8354. Powers and duties of the Board.
§ 8363. Eligibility for service pension.
§ 8364. Vested rights; cancellation of service credits.
§ 8365. Eligibility for disability pension.
§ 8366. Payment of service pension.
§ 8367. Payment of disability pension.
§ 8369. Amount of unified service, disability or survivor pension.
§ 8370. Amount of duty-connected disability pension.
§ 8371. Amount of ordinary disability pension.
§ 8375. Adjustment of benefits.
§ 8376. Application for benefits.
§ 8377. Dual membership prohibited.
§ 8392. Actuarial valuations and appropriations.
§ 8393. Establishment of Fund.