HOUSE BILL NO. 121
AS AMENDED BY HOUSE AMENDMENT NOS. 1 AND 2
AN ACT TO AMEND CHAPTER 33, TITLE 19 OF THE DELAWARE CODE RELATING TO UNEMPLOYMENT COMPENSATION.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Amend §3313(m), Chapter 33, Title 19 of the Delaware Code by redesignating the current subsection (3) as subsection (4).
Section 2. Amend §3313(m), Chapter 33, Title 19 of the Delaware Code by inserting a new subsection "(3)" to read as follows:
"(3) In the case of a payment in the form of a pension, annuity, retirement, or retired payment paid to an individual under the Social Security Act or the Railroad Retirement Act of 1974, the individual's contribution shall be taken into consideration and the weekly benefit amount payable to said individual for any week which begins after July 1, 1997 shall be reduced by 25% of the individual's weekly benefit amount under the Social Security Act or the Railroad Retirement Act of 1974."
Approved July 3, 1997