DE HB217 | 2011-2012 | 146th General Assembly

Status

Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 13-1-1)
Status: Passed on July 13 2011 - 100% progression
Action: 2011-07-13 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]

Summary

Sections 1 – 3 of this Act grant pension increases to retired State Employees, retired Judges, retired “New” State police and retired County/Municipal Police/Firefighters on January 1, 2012 for persons retired on or before June 30, 2010. Sections 4 – 6 of this Act give the Board of Pension Trustees the authority to amend the growth rate in the State Employees’ pension plan, Judiciary pension plan, and the State Police pension plan. Currently, the Board of Pension Trustees has the authority to amend all actuarial assumptions in the pension plans, except for the growth rate. This rate is used to determine the general wage increase for individuals as well as the increase in total payroll for the amortization of actuarial gains or losses.

Tracking Information

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Title

An Act To Amend Title 11 And Title 29 Of The Delaware Code To Provide Post-retirement Increases To Pensioners And Change Actuarial Assumptions In The Judicial, State Police And State Employee Pension Plans.

Sponsors


Roll Calls

2011-06-30 - Senate - Senate Third Reading (Y: 20 N: 0 NV: 1 Abs: 0) [PASS]
2011-06-29 - House - House Third Reading (Y: 41 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2011-07-13 Signed by Governor
2011-06-30 Passed by Senate. Votes: Passed 20 YES 0 NO 1 NOT VOTING 0 ABSENT 0 VACANT
2011-06-30 Necessary rules are suspended in Senate
2011-06-29 Passed by House of Representatives. Votes: Passed 41 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
2011-06-29 Necessary rules are suspended in House
2011-06-29 Introduced and Assigned to Appropriations Committee in House

Delaware State Sources


Bill Comments

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