INCREASING PENSION BENEFITS TO STATE EMPLOYEES
AN ACT TO AMEND CHAPTER 55, TITLE 29, DELAWARE CODE, RELATING TO STATE EMPLOYEES' PENSION PLAN BY PROVIDING FOR AN INCREASE IN THE MONTHLY BENEFITS AND BY APPROPRIATING FUNDS THEREFOR.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. § 5523, Title 29, Delaware Code, is amended by adding a new sentence thereto to read as follows:
State employees who are or have been retired under the provisions of this chapter, shall receive $50 per month in addition to the monthly benefits payable under the preceding provisions of this section, provided that monthly payments shall not exceed $250.
Section 2. For the purpose of carrying out this act, the sum of $390,000 is appropriated for the fiscal year beginning July 1, 1957 and the sum of $390,000 is appropriated for the fiscal year beginning July 1, 1958.
Section 3. This act is a supplementary appropriation and the money appropriated shall be paid by the State Treasurer out of the General Fund of the State of Delaware.
Approved July 22, 1957.