Current through 2024 Legislative Session Act Chapter 531
Section 8825 - Adjustment of benefits(a) A pension payable under this chapter shall be adjusted no less liberally than adjustments made for pensions payable under the State Employees' Pension Plan, taking into account adjustments to Social Security benefits payable to state employees.(b) Any monthly service pension, disability pension or survivor pension based on a former service or disability pension which is payable on July 7, 2005, shall be increased effective July 1, 2005, by the amount of difference between the pensioner's computed benefit under this chapter of this title, as effective July 1, 2005, less the benefit previously awarded under this chapter of this title.(c)[Effective upon meeting requirements of 77 Del. Laws, c. 232, § 2] The value of lost compensation as a result of mandatory leave without pay not associated with disciplinary action may be added to an employee's final average compensation for the period in time the employee would have been paid. The employer will pay to the Fund, on or before the date of issuance of the individual's first benefit check, a single lump sum payment equal to the sum of the employee and employer contributions that would have been paid into the fund based on the value of lost compensation. 64 Del. Laws, c. 445, §1; 75 Del. Laws, c. 133, § 6; 77 Del. Laws, c. 232, § 1.;