AN ACT TO AMEND CHAPTER 104, VOLUME 45, LAWS OF DELAWARE, 1945, WITH REFERENCE TO PENSION BENEFITS.
Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:
Section 1. That Chapter 104, Volume 45, Laws of Delaware, 1945, be and the same is hereby amended by adding at the end of the second paragraph of Section 4 thereof, a new paragraph as follows:
However, an employee, at the time of retirement, who shall have been continuously in covered employment during the sixty consecutive months ending on the date of retirement, but on a half time basis not resulting from a request of the employee to be so employed, shall have his "monthly retiring base salary" computed by taking the full salary paid to such employee during the last sixty months such employee was employed continuously in covered employment on a full time basis, and dividing such total salary for the entire sixty months by sixty. Any employee who has retired under the provisions of Chapter 104, Volume 45, Laws of Delaware, (Providing for Pensions in Certain Cases), since the effective date thereof, and whose retiring base salary was computed on the basis of salary received for half time service as herein described,, shall have his retiring base salary recomputed on a full time basis as provided for herein. Any difference in the pension payments or benefits found to be due to such employee by reason of such recomputation and for the period prior to the enactment hereof shall be paid to such employee in a lump sum computed from the date of his retirement. After the passage and approval of this Act, pension payments found to be due by a recomputation as provided for herein shall be payable in the manner provided by Chapter 104 of Volume 45, Laws of Delaware.
Approved May 23, 1949.