Delray Beach |
Code of Ordinances |
Title 3. ADMINISTRATION |
Chapter 35. EMPLOYEE POLICIES AND BENEFITS |
RETIREMENT PLAN |
§ 35.091. VESTING.
Latest version.
Participants shall become entitled to normal retirement benefits under the plan in accordance with the following vesting schedule:
Complete Years of
Credited ServiceVested
Percentage5 50% 6 60% 7 70% 8 80% 9 90% 10 100%
(Code 1980, § 18-79; Ord. No. 13-74, passed 4/22/74; Am. Ord. No. 67-84, passed 9/25/84; Am. Ord. No. 105-84, passed 1/15/85; Am. Ord. No. 45-87, passed 5/26/87; Am. Ord. No. 78-93, passed 12/7/93)