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DE SB325
Bill
Status
7/15/2010
Primary Sponsor
William Oberle
Click for details
AI Summary
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Allows individuals with disabilities receiving service, disability, or survivor's pensions to direct pension payments into a Miller Trust Bank account without affecting Medicaid or other disability benefit eligibility.
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Applies amendments to five Delaware pension plans: State Employees' Pension Plan, County and Municipal Employees' Pension Plan, County and Municipal Police/Firefighter Pension Plan, State Judiciary Pension Plan, and State Police Pension Plan.
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Requires Miller Trusts to be established as irrevocable Income Assignment Trusts consistent with Delaware and federal law and regulations governing disability assistance programs.
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Income generated by the trust that remains in the trust is not counted as income to the individual for benefits purposes.
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Takes effect upon enactment.
Legislative Description
An Act To Amend Titles 11 And 29 Of The Delaware Code Relating To The State Employees' Pension Plan, The County And Municipal Employees' Pension Plan, The County And Municipal Police/firefighter Pension Plan, The State Judiciary Pension Plan, The State Police Pension Plan, And Pensions.
Last Action
Signed by Governor
7/15/2010