[HISTORY: Adopted by the Mayor and Council of the Town of South Bethany: Art. I, 6-9-1990 as Ord. No. 7-90. Amendments noted where applicable.]
Article I Police Pension Fund
[Adopted 6-9-1990 as Ord. No. 7-90]
This Article is authorized by § C-4B of the Town Charter.
In order to qualify for such assistance, the terms and conditions of the South Bethany Police Department Employee's Pension Plan and the guidelines of the State of Delaware Police Pension Fund shall apply.
The town will continue to pay the cost of administering the Police Pension Fund for the Town of South Bethany. The town will collect the money and pay the service charge to the financial institution handling the Police Pension Fund. There is a cap of $750 placed on this charge.