DE HB157

Adds definition of "non-covered pension" to Delaware Code § 1503(7), which includes pension plans from federal, state, or local government employment not covered by Social Security Act (employer does not deduct Social Security taxes).

Adds new factor (12) to § 1513(a) requiring Family Court to consider when dividing non-covered pensions: present value of pension benefit at time of separation, each party's ability or inability to earn Social Security, any actuarial offset the parties present, and other relevant equitable distribution factors.

Modifies § 1513(a) to add "tax consequences" as a factor (11) courts must consider when dividing marital property in divorce or annulment proceedings.