DE SB136

Changes pension calculation for General Assembly members elected on or after February 28, 2025, requiring their pensions to be computed under the standard state employee formula in § 5527(a)(1) rather than the special legislative formula

Preserves the existing pension calculation for General Assembly members elected before February 28, 2025, which multiplies years of service by the highest payment rate of any retired legislative member

Implements a recommendation from the Delaware Compensation Commission's January 6, 2025 report

Maintains existing age and service requirements for pension eligibility: officials elected before January 1, 2012 may begin receiving pensions at age 60 with 5 years of service or age 55 with 10 years; those elected on or after January 1, 2012 require age 60 with 20 years or age 65 with 10 years