Town of Milton, DE Chapter 34 Police Pension

[HISTORY: Adopted by the Town Council of the Town of Milton 3-5-1984 (Ch. 2, Art. 3, of the prior Code). Amendments noted where applicable.]

GENERAL REFERENCES

Personnel policies — See Ch. 26.

§ 34-1 Pension fund established. [1]

There is established a Police Pension and Retirement Fund for full-time police of the Town.

[1] Editor's Note: Pursuant to a resolution adopted 9-25-2003, the Town Council elected to participate in the State of Delaware County and Municipal Police Pension Plan and the Non-Police (General) Employee Pension Plan.

§ 34-2 Police Pension and Retirement Committee.

The Police Pension and Retirement Fund shall be administered by a committee of not less than three persons designated as the Police Pension and Retirement Committee. The Committee members shall be appointed by the Mayor and Council.

§ 34-3 Administration of fund.

The details, rules and regulations concerning the administration of the Police Pension and Retirement Fund and the amount to be set at the end of the calendar year pursuant to the existing legislation shall be determined as of December 31, 1966, and a similar date of each succeeding calendar year.