CHAPTER 257
WILMINGTON
PENSION BENEFITS
AN ACT TO AMEND CHAPTER 237, VOLUME 46, LAWS OF DELAWARE, ENTITLED "AN ACT PROVIDING FOR THE PAYMENT OF PENSION BENEFITS TO CERTAIN EMPLOYEES OF THE MAYOR AND COUNCIL OF WILMINGTON, FIXING AGES OF RETIREMENT, ESTABLISHING BENEFITS PAYABLE AND THE SOURCE OF PAYMENT THEREOF, PROVIDING FOR APPLICATIONS FOR PENSIONS AND THE PROCEDURE TO BE FOLLOWED WITH RESPECT THERETO, PROVIDING THAT PENSION BENEFITS SHALL BE FREE OF ATTACHMENT AND LIABILITY FOR STATE AND LOCAL INCOME TAXES AND NON-ASSIGNABLE, AND ALSO PROVIDING FOR THE REDUCTION OF BENEFITS UNDER CERTAIN CONDITIONS," BY DECREASING THE TERM OF SERVICE REQUIRED, INCREASING AMOUNT OF MINIMUM MONTHLY PENSION PAYMENTS, DECREASING PERIOD OF TIME REQUIRED FOR PENSIONS TO DISABLED EMPLOYEES AND INCREASING AMOUNT OF MINIMUM DISABILITY BENEFITS.
Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met (two-thirds of all the Members elected to each branch concurring therein):
Section 1. That Section 2, Chapter 237, Volume 46, Laws of Delaware, be and the same is hereby amended by striking out the words "thirty-five years," where such words appear in said section, and by inserting in lieu thereof the words "thirty years."
Section 2. That Section 5, Chapter 237, Volume 46, Laws of Delaware, be and the same is hereby amended by striking out the words "Fifty Dollars" and the numerals " ($50.00) ," where such words and numerals appear in said section, and by inserting in lieu thereof the words "Seventy-five Dollars" and the numerals "($75.00)."
Section 3. That Section 6, Chapter 237, Volume 46, Laws of Delaware, be and the. same is hereby amended by striking out the words "Twenty-Five Years" where such words appear in said section and by inserting in lieu thereof the words "Fifteen Years."
Section 4. That Section 15, Chapter 237, Volume 46, Laws of Delaware, be and the same is hereby amended by striking out of the first paragraph of said Section the words "Fifty Dollars" and the numerals "($50.00)," where such words and numerals appear therein, and by inserting in lieu thereof the words "Seventy-Five Dollars" and the numerals " ($75.00) "; and by striking out the words "Twenty-five Dollars" and the numerals "($25.00)," where, they appear therein, and by inserting in lieu thereof the words "Thirty-seven Dollars and Fifty Cents" and the numerals "($37.50)."