RELATING TO EMPLOYEES PENSION
AN ACT TO AMEND CHAPTER 17 TITLE 9 DELAWARE CODE RELATING TO EMPLOYEES PENSIONS IN NEW CASTLE COUNTY.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. Amend § 1705 (b) Title 9 of the Delaware Code by adding at the end thereof the following additional paragraph.
Where a person eligible for a pension under this chapter shall have served in covered employment for at least twenty five years (25) and shall have served for at least fifteen years (15) thereof without interruption up to the date of retirement, his monthly pension payment shall be one-sixtieth of the monthly retiring base pay multiplied by the total number of years served regardless of interruption.
Approved June 20, 1955.