RELATING TO TEACHERS' BENEFITS
AN ACT TO AMEND CHAPTER 39, TITLE 14, DELAWARE CODE, RELATING TO TEACHERS' RETIREMENT AND DISABILITY BENEFITS.
Be it enacted by the General Assembly of the State of .Delaware:
Section 1. § 3902, Title 14, Delaware Code, is amended to read as follows :
§ 3902. Retirement benefits
Teachers who were inactive in their profession on April 23, 1945, who, prior to that date, taught in the public schools of this State for 25 years or more and are no longer capable of teaching, and teachers who were inactive in their profession on April 23, 1945, who, prior to that date, taught in the public schools of this State for 15 years or more and who attain the age of 65, shall be entitled to receive a pension out of the fund continued by Section 3901 of this title for the duration of their respective lives. The amount of such pension shall be determined by the number of years of teaching service, as follows :
15 years of service, Seventy-five Dollars ($75.00) per month ;
16 to 20 years of service, Eighty Dollars ($80.00) per month ;
21 to 25 years of service, Ninety Dollars ($90.00) per month ;
26 or more years of service, One Hundred Dollars ($100.00) per month.
Section 2. § 3903, Chapter 39, Title 14, Delaware Code, is hereby amended by striking out the figures "$60.00" in the seventh and last line of said section and inserting in lieu thereof the figures 175.00".
Section 3. There is hereby appropriated to the State Board of Education the sum of $65,000 for the purposes of this Act during the biennium ending June 30, 1957.
Section 4. This is a Supplementary Appropriation Act, and the sums hereby appropriated shall be paid out of the General Fund of the State of Delaware.
Approved August 4, 1955.