CHAPTER 260 - THE TEACHER RETIREMENT COMMISSION
AN ACT TO CREATE A COMMISSION TO STUDY THE PROBLEM OF TEACHER RETIREMENT IN THE PUBLIC SCHOOLS OF THE STATE TO APPROPRIATE MONEYS FOR THE WORK OF SUCH COMMISSION.
Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:
Section 1. The Governor is hereby authorized and empowered to appoint a Commission of five members to be known as "The Teacher Retirement Commission."
The object and purpose of the said Commission shall be to study the problem of the retirement of teachers and other employees in the public schools of this State and to report thereon to the Governor prior to the 1939 session of the General Assembly.
Section 2. The said report of the Commission shall set forth in detail the money cost involved in the establishment and operation of a retirement system for the teachers and the employees in the public schools of the State of Delaware and how such costs shall be apportioned between the State and the teachers and other employees.
The report shall also set forth facts and data showing the * number, and percentage to the whole, of teachers and other employees who continue to serve in the public schools of the State after arriving at the age of seventy during each year of the last ten years; the number, and percentage to the whole, of teachers who ceased serving in the public schools of this State prior to the age of sixty during each year of the last ten years; and all such other matters shedding light on the problem.
Section 3. The Commission shall meet and organize as soon as possible after its appointment at such place as shall be designated by the Governor. It is hereby authorized and empowered to purchase such books, supplies and materials and to employ such actuarial and clerical assistance as it shall deem necessary for carrying out the duties imposed upon it by this Act within the limits of the funds appropriated herein.
Section 4. The members of the said Commission shall serve without compensation for their services, but shall be allowed travel and other necessary expenses incidental to the work of the commission.
Section 5. The said Commission shall have free access to all public records and the power to call to its assistance any or all members of the Department of Public Instruction or the public school system of the City of Wilmington for the purposes of obtaining information and help.
Section 6. The sum of Five Hundred Dollars ($500.00) is hereby authorized out of the general fund of the State, to be paid by the State Treasurer on orders drawn by the Commission, signed by its Chairman or Vice-Chairman and Secretary or one other member.
Section 7. This Act shall take effect from the date of its approval by the Governor.
Approved May 17, 1937.