AN ACT TO AMEND SECTION 5503, CHAPTER 55, TITLE 29, DELAWARE CODE, RELATING TO THE METHOD OF AUTHORIZING MONTHLY PENSION BENEFITS.
Be it enacted by the General Assembly of the State Delaware:
Section 1. Section 5503, Title 29, Delaware Code, is here-repealed and a new section enacted and inserted in lieu thereof to read as follows:
§ 5503. Inclusion of pensions in agency budgets; method of pension payment
(a) Each Department or agency of the State that shall come within the provisions of this chapter shall, at the time of drafting the budget, include the names and addresses of the employees who might be eligible for retirement during the period covered in the budget.
(b) The payroll of pensioners shall be maintained and signed by the State Treasurer in the same manner generally as required of agencies for the payrolls of employees. The pension benefits of this chapter shall be paid monthly, but shall otherwise be made in the same way and by the same proceedings as salaries are paid for active employees, except only as otherwise provided in this chapter.