PENSION FUND FOR RETIRED AND DISABLED PUBLIC
SCHOOL TEACHERS OF DELAWARE
AN ACT APPROPRIATING CERTAIN MONEYS TO PROVIDE A PENSION FUND FOR RETIRED AND DISABLED PUBLIC SCHOOL TEACHERS OF DELAWARE.
Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:
Section 1. That there is hereby appropriated for each of the fiscal years in the biennium beginning July 1, 1949, and ending June 30, 1951, the sum of Seventy-five Thousand Dollars ($75,000.00) to create a fund for the purpose of paying pensions or allowances to retired and disabled teachers who have taught in public schools within the State of Delaware.
Section 2. The funds hereby appropriated shall be expended in accordance with the provisions of Chapter 106, Volume 45, Laws of Delaware, 1945, except that after the first day of July, A. D. 1949, the monthly payments made to individuals who qualify for such pensions or allowances as are provided in said Chapter 106 shall be not less than Forty Dollars ($40.00) per month.
Section 3. This Bill shall be known as a Supplementary Appropriation Bill and the money hereby appropriated shall be paid out of the General Fund of the State Treasury not otherwise appropriated.