[HISTORY: Adopted by the Commissioners of the City of Rehoboth Beach as indicated in article histories. Amendments noted where applicable.]
[Adopted 11-8-1974 as Ch. 2, Art. 3, of the 1974 Code]
There is established a Police Pension and Retirement Fund for full-time policemen of the city.
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 Commissioners.
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 each calendar year pursuant to the existing legislation shall be determined as of December 31, 1966, and a similar date of each succeeding calendar year.