Source: http://regulations.delaware.gov/AdminCode/title19/2000/2004.shtml
Timestamp: 2017-11-19 21:48:19
Document Index: 608410655

Matched Legal Cases: ['§8376', '§8323', '§1', '§1', '§1', '§8369', '§8375', '§8364', '§8376', '§8323', '§8323', '§8323', '§8323']

"Application for Benefits" The term "date on which the application for such benefit is filed" as used in 11 Del.C. §8376(a) shall mean the date on which the written documentation is received by the Office of Pensions or the Office of State Police.
"Gubernatorial Appointment" The term "An official appointed by the Governor" as used in 11 Del.C. §§8323(c)(2) and 8352(2) shall mean an official appointed directly by the Governor and confirmed by the Senate.
"Salary" The term "salary" as used in 11 Del.C. Ch. 83 shall mean total salary prior to any payroll deductions, including but not limited to, deductions for contributions to the State's Deferred Compensation Program pursuant to 29 Del.C. Ch. 60A. Salary shall not include payments in the nature of reimbursement or allowance for expenses.
3.1	Eligible rollover distribution: An eligible rollover distribution is any distribution of all or any portion of the balance to the credit of the distributee, except that an eligible rollover distribution does not include: any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or the life expectancy) of the distributee or the joint lives (or joint life expectancies) of the distributee and the distributee's designated beneficiary, or for a specified period of ten years or more; any distribution to the extent such distribution is required under section 401(a)(9) of the Internal Revenue Code of 1986; the portion of any distribution that is not includible in gross income; and any other distribution that is reasonably expected to total less than $200 during the year. Effective January 1, 2002, a portion of a distribution will not fail to be an eligible rollover distribution merely because the portion consists of after-tax employee contributions that are not includible in gross income. However, such non-taxable portion may be transferred only to an individual retirement account or annuity described in sections 408(a) or (b) of the Internal Revenue Code of 1986, or to a qualified defined contribution plan described in Internal Revenue Code Section 401(a), or, in addition, on or after January 1, 2007, to a qualified defined benefit plan described in Internal Revenue Code Section 401(a) or to an annuity contract described in Internal Revenue Code Section 403(b), that agrees to separately account for amounts so transferred (and earnings thereon), including separately accounting for the portion of the distribution that is includible in gross income and the portion of the distribution that is not so includible.
3.2	Eligible retirement plan:. An eligible retirement plan is any of the following that accepts the distributee's eligible rollover distribution:
4.2	For purposes of applying these limits only and for no other purpose, the definition of compensation where applicable will be compensation actually paid or made available during a limitation year, except as noted below and as permitted by Treasury Regulation §1.415(c)-(2), or successor regulation. Specifically, compensation will be defined as wages within the meaning of section 3401(a) of the Internal Revenue Code of 1986 and all other payments of compensation to an employee by an employer for which the employer is required to furnish the employee a written statement under section 6041(d), 6051(a)(3) and 6052 of the Internal Revenue Code of 1986. Compensation will be determined without regard to any rules under section 3401(a) of the Internal Revenue Code of 1986 that limit the remuneration included in wages based on the nature or location of the employment or the services performed (such as the exception for agricultural labor in section 3401(a)(2) of the Internal Revenue Code of 1986.
4.5	In no event shall a plan participant's annual benefit payable from the Pension Fund in any limitation year be greater than the limit applicable at the annuity starting date, as increased in subsequent years pursuant to section 415(d) of the Internal Revenue Code of 1986 and the regulations thereunder. If the form of benefit without regard to the automatic benefit increase feature is not a straight life annuity of a qualified joint and survivor annuity, then the preceding sentence is applied by adjusting the form of benefit to an actuarially equivalent amount [determined using the assumptions specified in Treasury Regulation §1.415(b)-1(c)(2)(ii)] that takes into account the additional benefits under the form of benefit as follows:
4.5.1.2	The annual amount of the straight life annuity commencing at the same annuity starting date that has the same actuarial present value as the form of benefit payable to the member, computed using a 5% interest assumption (or the applicable statutory interest assumption) and (i) for years prior to January 1, 2009, the applicable mortality tables described in Treasury Regulation §1.417(e)-1(d)(2) (Revenue Ruling 2001-62 or any subsequent Revenue Ruling modifying the applicable provisions of Revenue Rulings 2001-62), and (ii) for years after December 31, 2008, the applicable mortality tables described in section 417(e)(3)(B) of the Internal Revenue Code of 1986 (Notice 2008-85 or any subsequent Internal Revenue Service guidance implementing section 417(e)(3(B) of the Internal Revenue Code of 1986).
5.1	Effective December 12, 1994, notwithstanding any other provision of law, contributions, benefits and service credit with respect to qualified military service are governed by section 414(u) of the Internal Revenue Code of 1986 and the Uniformed Services Employment and Reemployment Rights Act of 1994. The Military Service credit provisions of this section are to be interpreted so as not to diminish any other rights relating to military service that may be granted under state law, including 11 Del.C., ch. 88 §8369 and 11 Del.C., ch. 88 §8375.
The plan year for the Pension Fund is the twelve (12) -month period beginning July 1.
7.0	Creditable Service
7.1	Repayment of Withdrawal Benefits.
If a former employee, who withdrew his or her accumulated contributions upon termination of service again becomes an employee, his or her service credits to the date of termination shall be restored in accordance with the provisions of 11 Del.C., ch. 83 §8364(b)(3), Subchapter III, Chapter 83, Title 11, Del.C., if he or she repays the total amount withdrawn, plus an interest rate charge as adopted by the Board, compounded annually, within ninety (90) days after notification from the Office of Pensions.
If the repayment occurs subsequent to ninety (90) days after notification from the Office of Pensions, the repayment shall be equal to the amount in Rule 7.1.1 plus, for each full month or fraction thereof following the last day of the ninety (90)-day period, interest rate charge as adopted by the Board.
8.1	Erroneous Payments. Any overpayment of benefits to a pensioner shall be recovered by the State Pension Administrator who, after written notice to the pensioner, shall withhold the amount due from the pensioner's monthly pension benefit within a twelve (12) month period, provided that the amount of monthly withholding may not exceed 15% of the monthly benefit. If repayment of any overpayment amount will require more than twelve (12) months, the withholding shall be made at the rate of 15% of the monthly pension benefit until the overpayment has been recovered in full.
8.2	Effective Date of Pensions.
Commencing July 27, 1983, all pensions awarded under 11 Del.C., ch. 83 shall become effective on the date of the individual's retirement.
All pensions awarded under 11, Del.C. ch. 83 shall become effective on the first day of the month. Under 11 Del.C., ch. 83 §8376(a), a monthly benefit shall not be payable for any period earlier than the first (1st) day of the second (2nd) month preceding the date on which application for such benefit is filed.
8.3	Deceased Pensioner Monthly Benefit and Survivor's Effective Date of Pension. Beginning with the month of May, 1972, the full pension benefit shall be payable for the month in which the pensioner's death occurs and shall be payable to the pensioner or his or her estate. Survivor's monthly pension benefit, if any, shall become effective the first (1st) day of the next month following the month in which the pensioner's death occurs.
9.0	Distribution of Benefits.
9.2	The Pension Fund will pay all benefits in accordance with a good faith interpretation of section 401(a)(9) of the Internal Revenue Code of 1986 and the regulations under that section.
9.3.2	The plan participant's entire interest must be distributed over the plan participant's life or the lives of the plan participant and a designated survivor under state law, or over a period not extending beyond the life expectancy of the plan participant or of the plan participant and a designated survivor under state law. Death benefits must be distributed in accordance with section 401(a)(9) of the Internal Revenue Code of 1986, including the incidental death benefit requirement in section 401(a)(9)(G) of the Internal Revenue Code of 1986, and the regulations implementing that section.
10.1	Plan Terminations. In the event of a full or partial termination of, or a complete discontinuance of employer contributions to, the Pension Fund, all accrued benefits which have been vested according to the provisions 11 Del.C., ch. 83 shall be 100% vested and nonforfeitable to the extent funded and to the extent required by federal law.
10.2	A plan participant shall be 100% vested in all plan benefits upon attainment of the plan's age and service requirements for the plan's normal retirement benefit in 11 Del.C., ch. 83 §§8323(a) or 8363(a) or (b)
12.1	Normal retirement age, for the purposes of the Pension Fund, will be the date the employee becomes eligible for a service pension not reduced because of the employee's age, pursuant to 11 Del.C., ch. 83 §§8323(a) or 8363(a) or (b), Chapter 83, Title 11, Del.C.
12.2	Normal retirement age for purposes of section 457(b) of the Internal Revenue Code of 1986 to the extent this plan's normal retirement age is referenced in a deferred compensation plan will be the earliest date when the employee has satisfied the requirements of 11 Del.C., ch. 83 §§8323(a) or 8363(a)
12.3	For purposes of section 402(l) of the Internal Revenue Code of 1986, normal retirement age will be the earliest date when the employee has satisfied the requirements of 11 Del.C., ch. 83 §§8323(a) or 8363(a).
The board may not engage in a transaction prohibited by section 503(b) of the Internal Revenue Code.
14.0	Civil Unions and DOMA