CITY OF WILMINGTON EMPLOYEES' RETIREMENT ACT
AN ACT TO AMEND CHAPTER 237, VOLUME 46, LAWS OF DELAWARE, AS AMENDED, ENTITLED "CITY OF WILMINGTON EMPLOYEES' RETIREMENT ACT".
Be it enacted by the General Assembly of the State of Delaware (two-thirds of all the Members elected to each House thereof concurring therein):
Section 1. Section 2, Chapter 237, Volume 46, Laws of Delaware, as amended, is further amended by striking out the words "twenty-five" as they appear therein and substituting the figures "20".
Section 2. The second paragraph of Section 5, Chapter 237, Volume 46, Laws of Delaware, is amended to read as follows:
Monthly retiring base salary means the salary for covered employment paid to the employee for those 60 months of covered employment which are most nearly consecutive and during which the employee received the highest salary or wage divided by 60. For the purpose of this section, a vacation allowed an employee shall be regarded as time spent in covered employment.
Approved June 18, 1957.