SENATE BILL NO. 454
AN ACT TO AMEND AN ACT BEING CHAPTER 170, VOLUME 57, LAWS OF DELAWARE, AS AMENDED, ENTITLED "AN ACT TO REINCORPORATE THE CITY OF LEWES" TO ELIMINATE THE MAXIMUM CONTRIBUTION BY THE CITY FOR THE PENSION PLAN AND HEALTH AND WELFARE PLAN.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (Two-thirds of all members elected to each House thereof concurring therein):
Section 1. Amend Subsection 41, Section 29, Chapter 170, Volume 57, Laws of Delaware by striking said Subsection 41 and substituting in lieu thereof a new Subsection 41 to read as follows:
"41. The City Council may by ordinance duly adopted In accordance with this Charter, establish a Pension Plan or a Health and Welfare Plan, or both, for the
employees of The City of Lewes under such terms and conditions as the City Council, In its discretion, deems most appropriate; provided however, that the method of funding, may, If deemed advisable by the City Council, be handled through a recognized Insurance company licensed by the State of Delaware or authorized to do business In this State and approved by a majority of all the Members of the City Council."
Approved June 28, 1988.