AN ACT TO AMEND CHAPTER 55, TITLE 29, DELAWARE CODE, RELATING TO STATE EMPLOYEES' PENSION PLAN BY PROVIDING FOR CREDIT FOR OTHER EMPLOYMENT.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. Chapter 55, Title 29, Delaware Code, is amended by inserting a new Section as follows:
§ 5530. Credit for certain other employment; limitations
Credit shall be granted for computation of retirement benefits payable under the provisions of this Chapter at the rate of one year for each year of service in professional educational employment when such service was performed for another State, municipality, the federal government, or an accredited private school or college, to any school teacher, professional administrative or supervisory employee or school nurse employed in any public school, the State Department of Public Instruction, the University of Delaware or Delaware State College.
Time credited under this Section shall only be considered as time in covered employment in establishing eligibility to retire on the basis of 30 years of service to the State of Delaware.
Time so credited for eligibility or computation of retirement benefits shall not exceed 4 years.
Approved January 24, 1962.