CHAPTER 425

APPROPRIATION - CREATING A STATE EMPLOYEES' PENSION STUDY COMMISSION

AN ACT CREATING A STATE EMPLOYEES' PENSION STUDY COMMISSION; AUTHORIZING THE GOVERNOR TO MAKE APPOINTMENTS THERETO; PROVIDING FOR A STUDY TO BE MADE THEREBY AND A REPORT TO BE MADE TO THE 118TH GENERAL ASSEMBLY; AND MAKING AN APPROPRIATION OF TEN THOUSAND ($10,000.00) FOR SAID PURPOSES.

Be it enacted by the General Assembly of the State of Delaware:

Section 1. There is hereby created a State Employees' Pension Study Commission to be composed of five (5) qualified citizens of the State, to be appointed by the Governor within ninety (90) days from the adoption of this Act.

Section 2. The Commission shall select one of its members to serve as Chairman and another as Secretary. The members shall serve without pay. They shall be reimbursed for any actual expenses involved and necessary for the accomplishment of the purposes of the Commission.

Section 3. The Commission shall make, or have made, a thorough, complete and careful study of pensions for State employees and develop a plan relating thereto; and shall make a report thereof in January, 1955 to the 118th General Assembly, together with specific recommendations. Copies of the report shall go to the Governor, the Secretary of State, the State Treasurer, and State Auditor, and to each member of the 118th General Assembly.

Section 4. The Commission shall have the power to require any agency of the State to supply any and all pertinent data and information desired by the Commission or its duly authorized representatives.

Section 5. The sum of Ten Thousand Dollars ($10,000.00) is appropriated to the Commission for expenses and for employment of actuaries and such other employees as may be necessary to carry out the duties and responsibilities of the Commission. The money shall be paid out by warrants, properly signed by the Chairman of the Commission and directed to the State Treasurer.

Section 6. This is a supplementary appropriation and the funds herein appropriated shall be paid out of the General Fund of the State not otherwise appropriated. Any of the funds herein appropriated that are not expended by the Commission in connection with the purposes of this Act will revert to the General Fund.

Approved July 24, 1953.