SENATE BILL NO. 258
AN ACT TO AMEND CHAPTER 55, TITLE 29, DELAWARE CODE, TO PROVIDE POST-RETIREMENT INCREASES TO PENSIONERS WHO RETIRED PRIOR TO 1978 AND PROVIDING A SUPPLEMENTAL APPROPRIATION THEREFOR.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Amend §5532(e), Chapter 55, Title 29, Delaware Code by adding immediately at the end thereof a new paragraph to read as follows:
"Any pensioner whose pension became effective before January 1, 1978, and whose pension is payable as provided in the first paragraph of this subsection, but whose pension benefits are not increased because of the restrictions contained in the second paragraph of this subsection shall have the pension he or she is receiving increased by five percent (5%)."
Section 2. The sum of Thirty-six Thousand Seven Hundred Dollars ($36,700) is hereby appropriated to the Special Pension Fund authorized by Volume 61, Chapter 455, Laws of Delaware to implement the provisions of this Act.
Section 3. This is a supplementary appropriation and the funds hereby appropriated shall be paid by the State Treasurer out of funds in the General Fund of the State of Delaware not otherwise appropriated.
Approved July 5, 1979.