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DE SB76

Bill

Status

Passed

7/4/2019

Primary Sponsor

Harris McDowell

Click for details

Origin

Senate

150th General Assembly

AI Summary

  • Change normal retirement date calculation for members receiving disability benefits to include the disability period plus credited service, not exceeding 50 years, in both the New State Police Plan (§8351) and County/Municipal Police/Firefighter Plans (§8801).

  • Authorize the Board of Pension Trustees to delegate disability benefit determinations to the Executive Secretary, removing the requirement for medical committee review and allowing determinations based on applicant-submitted medical documentation (§8365(c) and §8815(c)).

  • Grant the Board of Pension Trustees sole authority to contract with certified public accounting firms for annual audits of all pension plans, with input from the Audit Committee and Auditor of Accounts (§8308(c)(17)).

  • Reduce the Board of Pension Trustees from 7 to 6 appointed members (excluding the 2 ex officio members), require the Board chair to be appointed by the Governor with Senate consent, and allow the Board to establish committees for investment oversight, audit consultation, and governance (§8308(e)).

  • Designate records of the Board's Internal Audit Department as confidential and exempt from public disclosure under Delaware FOIA laws (§8308(p)).

Legislative Description

An Act To Amend Title 11 And Title 29 Of The Delaware Code Relating To The Board Of Pension Trustees And The Administration Of Pension Plans.

Last Action

Signed by Governor

7/4/2019

Committee Referrals

Administration5/2/2019
Finance4/16/2019

Full Bill Text

No bill text available