SB 95

  • Delaware Senate Bill
  • 149th General Assembly (2017-2018)
  • Introduced in Senate Jun 01, 2017
  • Senate
  • House
  • Governor

An Act To Amend Title 29 Of The Delaware Code Relating To The State Employees’ Pension Plan.

Abstract

This bill establishes a 20 year retirement for correction officers and specified peace officers within the State Employees’ Pension plan. The bill amends the multiplier prospectively for the calculation of pension benefits for correction officers and specified peace officers. For service prior to January 1, 2018 the multipliers of either 1.85%, 2.0% or 2.45% would continue to be in effect and then for years of service after January 1, 2018 a uniform multiplier of 2.5% for the first 20 years, plus 3.5% for years beyond 20 years. In addition, this bill amends the employee contribution for all correction officers and specified peace officers to a uniform 7%.

Bill Sponsors (24)

Votes


No votes to display

Actions


Apr 24, 2018

Senate

Amendment SA 2 to SB 95 - Introduced and Placed With Bill

Mar 08, 2018

Senate

Amendment SA 1 to SB 95 - Introduced and Placed With Bill

Jun 01, 2017

Senate

Introduced and Assigned to Finance Committee in Senate

  • Introduction
  • Referral-Committee
Finance

Bill Text

Bill Text Versions Format
Bill Text HTML PDF

Related Documents

Document Format
Fiscal Note MSWORD

Sources

Data on Open States is updated periodically throughout the day from the official website of the Delaware General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.