CHAPTER 384
FORMERLY
SENATE BILL NO. 358
AN ACT TO AMEND TITLE 11 OF THE DELAWARE CODE RELATING TO PENSIONS.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE :
Section 1. Amend §8323(a) of Title 11, Delaware Code, by deleting the phrase “when that increase reflects a change in excess of 2%”, and substituting in lieu thereof the following phrase:
“plus the aggregated cumulative percentage change in the national consumer price index average of the previous consecutive years in which an increase was not granted”.
Section 2. Amend §8323(a) of Title 11, Delaware Code by deleting the phrase “; however, before any increases shall become effective in subsequent years, the national consumer price index average must rise at least 2% in excess of its level at the time of the previous increase in benefits”.
Section 3. Amend §8324 of Title 11, Delaware Code by deleting the phrase “when that increase reflects a change in excess of 2% ”, and by substituting in lieu thereof the following phrase:
“plus the aggregated cumulative percentage change in the national consumer price index average of the previous consecutive years in which an increase was not granted”.
Section 4. Amend §8324 of Title 11, Delaware Code, by deleting the phrase “; however, before any increases shall become effective in subsequent years, the national consumer price index average must rise at least 2% in excess of its level at the time of the previous increase in benefits”.
Section 5. Amend §8325 of Title 11, Delaware Code, by deleting the phrase “when that increase reflects a change in excess of 2%”, and substituting in lieu thereof the following phrase:
“plus the aggregated cumulative percentage change in the national consumer price index average of the previous consecutive years in which an increase was not granted”.
Section 6. Amend §8325 of Title 11, Delaware Code, by deleting the phrase “; however, before any increases shall become effective in subsequent years, the national consumer price index average must rise at least 2% in excess of its level at the time of the previous increase in benefits”.
Section 7. Amend §8326 of Title 11, Delaware Code, by deleting the phase “when that increase reflects a change in excess of 2%”, and substituting in lieu thereof the following phrase:
“plus the aggregated cumulative percentage change in the national consumer price index average of the previous consecutive years in which an increase was not granted”.
Section 8. Amend §8326 of Title 11, Delaware Code, by deleting the phrase “; however, before any increases shall become effective in subsequent years, the national consumer price index average must rise at least 2% in excess of its level at the time of the previous increase in benefits”.