Del. Code tit. 11 § 8841

Current through 2024 Legislative Session Act Chapter 494
Section 8841 - Member contributions
(a) Effective January 1, 2006, member contributions to the fund shall be 7% of monthly compensation.
(b) An employee can repay a withdrawal benefit using a rollover distribution from:
(1) A direct rollover of an eligible rollover distribution from:
a. A qualified plan described in § 401(a) of the United States Internal Revenue Code [ 26 U.S.C. § 401(a) ];
b. An annuity contract described in § 403(b) of the United States Internal Revenue Code [ 26 U.S.C. § 403(b) ]; or
c. An eligible plan under § 457(b) of the United States Internal Revenue Code [ 26 U.S.C. § 457(b) ].
(2) A participant contribution of an eligible rollover distribution from:
a. A qualified plan described in § 401(a) of the United States Internal Revenue Code [ 26 U.S.C. § 401(a) ];
b. An annuity contract described in § 403(b) of the United States Internal Revenue Code [ 26 U.S.C. § 403(b) ]; or
c. An eligible plan under § 457(b) of the United States Internal Revenue Code [ 26 U.S.C. § 457(b) ].
(3) A participant rollover contribution of the portion of a distribution from an individual retirement account or annuity described in § 408 of the United States Internal Revenue Code [ 26 U.S.C. § 408 ] that is eligible to be rolled over and would otherwise be includible in gross income.

11 Del. C. § 8841

64 Del. Laws, c. 445, §1; 72 Del. Laws, c. 143, § 2; 73 Del. Laws, c. 419, §§ 4, 5; 75 Del. Laws, c. 133, § 5.;