HOUSE BILL NO. 451
AS AMENDED BY HOUSE AMENDMENT NO. 1 AND HOUSE AMENDMENT NO. 1 TO HOUSE AMENDMENT NO. 1
AN ACT TO AMEND TITLE 11 OF THE DELAWARE CODE RELATING TO THE STATE POLICE.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE :
Section 1. Amend § 8363 of Title 11 of the Delaware Code by inserting the following as a new Subsection (d):
“(d) Any member of the Delaware River and Bay Authority Police Department, University of Delaware Police Department or service with a municipal police department not covered under Title 11 of the Delaware Code, Section 8351 (6) who is subsequently employed by the Delaware State Police may receive credit for such previous service upon payment to the Fund, on or before the date of issuance of the individual’s first benefit check, of a single lump sum payment equal to the actuarial value of the pension benefits to be derived from such service credits compiled on the basis of actuarial assumptions approved by the Board and the individual’s attained age and final average compensation.”.
Approved July 08, 2002