Synopsis
This Amendment makes clear that: (1) Any pension increase will be greater for those pensioners whose service was 20 years or more than those pensioners whose service was less than 20 years; (2) The pensions plans addressed by Senate Substitute 1 for Senate Bill 14 are the State Police Pension Plan (Chapter 83 of Title 11), the State Employees' Pension Plan (Chapter 55 of Title 29), and the State Judiciary Plan (Chapter 56 of Title 29) which are all covered in the Post Retirement Benefit Fund; (3) Any pension increase is not substantively automatic, but requires a subsequent act of the General Assembly; and (4) It is the General Assembly's intent to increase the pension incrementally from the current rate to the rate in accordance with already-existing provisions of the Delaware Code.