AN ACT TO AMEND "AN ACT CHANGING THE NAME OF 'THE TOWN OF MILFORD' TO 'THE CITY OF MILFORD' AND ESTABLISHING A CHARTER THEREFOR," BEING CHAPTER 162, VOLUME 37, LAWS OF DELAWARE, AS AMENDED, BY PROVIDING THAT THE CITY AUTHORITIES SHALL HAVE THE POWER TO ESTABLISH AND MAINTAIN A PENSION PLAN FOR CITY EMPLOYEES.
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 thereof concurring therein):
Section 1. That there shall be inserted after Section 32 of Chapter 162, Volume 37, Laws of Delaware, a new sub-caption entitled "PENSIONS," and a new section, to be designated as "Section 32-A" in the following language:
Section 32-A. The Council shall have the authority to establish and maintain a pension system for employees of the City of Milford, to be paid to such employees of the City of Milford, former employees, or widows of former employees, in such amounts, at such times, and in accordance with such rules and regulations as the City Council shall from time to time by ordinance decree, provided, however, that the City Council shall not have the power to establish any plan for the payment of pensions which cannot be increased, decreased, otherwise amended, or repealed altogether, as the respective individuals comprising the City Council shall from time to time deem to be for the best interest of the City of Milford."