SB154 amends Delaware's State Employees’ Pension Plan to adjust pension eligibility for elected officials.
SB154 modifies the Delaware Code to change pension eligibility for elected officials. It specifies that officials elected before January 1, 2012, can receive pensions at age 55 with 10 years of service or at age 60 with at least 5 years of service. For those elected on or after January 1, 2012, pensions are available at age 60 with 20 years of service or at age 65 regardless of service length. The pension amount is based on the official's compensation and years of service as an elected member.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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