RELATING TO WILMINGTON POLICE PENSION FUND
AN ACT TO AMEND CHAPTER 128, VOLUME 29, LAWS OF DELAWARE, ENTITLED "AN ACT TO AMEND CHAPTER 185, VOLUME 24, LAWS OF DELAWARE, RELATING TO THE POLICE PENSION FUND OF THE CITY OF WILMINGTON", BY PROVIDING ADDITIONAL BENEFITS FOR MEMBERS SERVING BEYOND THEIR REQUIRED PERIOD OF SERVICE.
Be it enacted by the General Assembly of the State of Delaware (two-thirds of each Branch concurring therein):
Section 1. Chapter 128, Volume 29, Laws of Delaware is amended by striking out Section 1 of said Chapter 128, Volume 29, and substituting the following, to be known as Section 1:
Section 1. Whenever a member of the Bureau of Police of the Department of Public Safety shall have become disabled or incapacitated from injuries received while in the active performance of official duty and whenever any member of said Bureau, who has performed faithful continuous service as such member for a period of not less than fifteen (15) years, shall have become permanently incapacitated from performing such regular active duty, he may be retired by the Directors of the Department of Public Safety from the regular active service and placed upon the retired list and all members of said Bureau, who shall have performed faithful continuous service as such member for a period of at least twenty (20) years, shall, upon their own application, be placed upon the retired list whether they are disabled or not. Each person so retiring shall be entitled to receive from the sum herein established an amount equal to one-half of the amount of his salary at the time of retirement, plus two per cent (2%) of such retiring salary, multiplied by the number of years of service in excess of twenty (20) years, so long as he may remain upon the retired list, said sum to be paid monthly, provided said sum shall be sufficient for the payment of all persons entitled to receive same, and
in case it shall not be sufficient for that purpose at any time, then the claim of all persons entitled shall abate proportionately, but said sum at no time shall be reduced below the sum of one hundred thousand dollars ($100,000.00).
Approved July 9, 1953.