Delaware § 5316 Group life insurance

Delaware Statutes

§ 5316 — Group life insurance

Delaware·Title 29·Part Public Officers and Employees·Ch. 53 EARLY RETIREMENT OPTION FOR STATE EMPLOYEES·Subch. Eligibility Provisions

(a)Upon the death of an individual receiving a pension under this chapter a benefit will be provided in the same manner as benefits provided under § 5546 of this title to the designated beneficiary or in the absence of a designated beneficiary the amount of this benefit shall be paid to the deceased pensioner’s estate.

(b)The benefit granted under this section shall not be construed as a contractual obligation of the State or of the Pension Fund and may be revised or terminated by an act of the General Assembly.

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(a) Upon the death of an individual receiving a pension under this chapter a benefit will be provided in the same manner as benefits provided under § 5546 of this title to the designated beneficiary or in the absence of a designated beneficiary the amount of this benefit shall be paid to the deceased pensioner’s estate.

(b) The benefit granted under this section shall not be construed as a contractual obligation of the State or of the Pension Fund and may be revised or terminated by an act of the General Assembly.

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Legislative History

68 Del. Laws, c. 8, § 1 ; 68 Del. Laws, c. 290, § 60 ; 69 Del. Laws, c. 451, § 1 ; 70 Del. Laws, c. 186, § 1 ; 72 Del. Laws, c. 169, § 1 ; 73 Del. Laws, c. 146, § 4