INCREASING MAXIMUM EMPLOYEES PENSION PAYMENTS
AN ACT TO AMEND TITLE 29, DELAWARE CODE OF 1953, RELATING TO "STATE GOVERNMENT" BY INCREASING AND LIMITING THE MAXIMUM MONTHLY PAYMENT OF PENSIONS UNDER THE EMPLOYEES' PENSION PLAN.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. § 5523, Title 29, Delaware Code of 1953, is amended by striking out the sum "$150" in line two of said section and substituting the sum "$250".
Section 2. § 5523, Title 29, Delaware Code of 1953, is further amended by adding the following new sentence at the end of said section: "In the event a recipient of pension provided for within the provisions of this chapter shall also become or is a recipient of any retirement payments through State participation in the Federal Security program, the amount received by the recipient of such a program shall serve as a credit as against the increased maximum provided for in this section and in no instance shall the combined total amount of funds received by a recipient of pension from the pension plan and from the Federal social security plan exceed $250.
Approved May 29, 1953.