AN ACT TO AMEND CHAPTER 166, VOLUME 43, LAWS OF DELAWARE, AS AMENDED, BY EMPOWERING THE TOWN OF GEORGETOWN TO ESTABLISH AND ADMINISTER PENSION OR RETIREMENT FUNDS FOR TOWN POLICE AND OTHER MUNICIPAL EMPLOYEES.
Be it enacted by the General Assembly of the State of Delaware (two-thirds of the Members elected to each Branch thereof concurring therein):
Section 1. Section 2 (a), Chapter 166, Volume 43, Laws of Delaware, as amended, is further amended by adding a new paragraph at the end thereof to read as follows :
The Town shall have power to enact ordinances to establish pension or retirement funds for the police or other municipal employees or both of the Town of Georgetown, and to set aside special funds for those purposes which shall be administered in accordance with ordinances made and provided in that behalf and the laws of the State of Delaware.