19 Del. Admin. Code § 2004-14.0

Current through Register Vol. 28, No. 7, January 1, 2025

Section 2004-14.0 - Normal Retirement Age

14.1Normal Retirement Age for State Employees Pension Plan. Normal Retirement Age, for the purposes of the Plan, 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.

14.2Normal Retirement Age of 457(b) Plan. The Normal Retirement Age for purposes of §457(b) of the Internal Revenue Code of 1986 to the extent the Plan's normal retirement age is referenced in the Delaware Deferred Compensation Plans (457(b)) will be the earliest date when the employee has satisfied the requirements of 11 Del.C. § 8323 (a) or (b), (a)(2), or (a)(3), and 11 Del.C. § 8363 (a).

14.3 For purposes of §402(l) of the Internal Revenue Code of 1986, the Normal Retirement Age will be the earliest date when the employee has satisfied the requirements of 11 Del.C. § 8323 (a).

19 Del. Admin. Code § 2004-14.0

25 DE Reg. 272 (9/1/2021) (final)