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DE HB217
Bill
Status
6/16/2009
Primary Sponsor
William Oberle
Click for details
AI Summary
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Provides a 2% increase effective January 1, 2012 to monthly service, disability, and survivor pensions for State Employees, Judges, State Police, and County/Municipal Police/Firefighters who retired on or before June 30, 2010
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Requires the State to amortize the unfunded accrued liability from these pension increases over five years from January 1, 2012
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Excludes pensions awarded under §5527(d) (specific disability provisions) from receiving the increases
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Transfers authority to the Board of Pension Trustees to determine the growth rate assumption for State Employees', Judiciary, and State Police pension plans, which was previously fixed by statute at 3.75% or 4% per year
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Continuation of pension increases beyond June 30, 2012 is contingent upon annual appropriation by the General Assembly
Legislative Description
An Act To Amend Title 21 Of The Delaware Code Relating To Littering On Or Alongside A Highway.
Last Action
Reported Out of Committee (PUBLIC SAFETY & HOMELAND SECURITY) in House with 9 On Its Merits
6/16/2010