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Message
from Pension
Administrator:

David C. Craik

As a member of the Delaware Public Employees' Retirement System (DPERS) you are participating in a Defined Benefit Plan, and your retirement benefits are paid out to you regardless of market events. When you retired DPERS calculated your monthly pension benefit based on various factors such as years of service and salary, not investment results.
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LATEST NEWS FROM THE PENSION OFFICE


 REQUESTS FOR ESTIMATES AND COUNSELING SESSIONS


Requests for estimates and counseling sessions are suspended through September 30, 2013 so that Pension office staff may accommodate the large volume of new pension applications. Requests for estimates and counseling already on file as of 5/22/13 will be honored. Members may use the calculator(s), review pre-retirement information or obtain answers to Frequently Asked Questions by visiting the Office of Pensions website. Please feel free to contact our office by email at pensionoffice@state.de.us or by telephone at (302) 739-4208 or (800) 722-7300 if you have any questions.

 OPEN ENROLLMENT 2013


2013 Open Enrollment - May 13 through May 29
Open Enrollment is your once-a-year opportunity to review your current coverage and to choose the benefit options that best support your health care needs. Open Enrollment materials will be mailed to your home beginning April 29, 2013.

Get more information here

 STATE EMPLOYEES' PENSION PLAN PRE-RETIREMENT WORKSHOPS THIS SUMMER


Pre-retirement workshops are being held this Summer to provide information regarding Delaware State Employees' Pension Plan benefits. There is no cost or pre-registration required to attend these workshops. Individual retirement estimates will not be distributed at these workshops. Participants will learn how to prepare their own estimated benefit using the Pension Office website. Please click on the link below for workshop dates, times, and locations".

Pre-retirement Workshops

 RETURN TO WORK INFORMATION


Senate Bill 260, which is effective 7/1/12, created earnings limits for retirees from the State Employees' Pension Plan (Plan) who are working with an employer participating in the Plan in casual/seasonal or substitute positions that meet the exception rule for retirees returning to work. The annual earnings limit in one of these positions is now $19,240.

If an individual does exceed the allowable earned income, the individual's state pension benefit will be reduced $1 deduction for every $2 earned over $19,240. The deduction will begin in July of the year following the calendar year for which the earnings are reported.

The Office of Pensions will begin monitoring the earnings limit January through December 2013. If a retiree earns more than the limit, reduction of pension benefit will begin in July 2014.

In addition, Senate Bill 260 created an obligation for retirees who contract with an employer participating in the Plan, or who represent any private enterprise that has a contract with an employer participating in the Plan, to complete a form for the determination of the individual meeting the definition of employee within the Plan. Please see Certification of Worker Status Form found on this website.

Return to Work FAQ's     Return to Work Flowchart     Return to Work Overview     Certification of Worker Status Form
Independent Contractor or Employee?

Last Updated: Wednesday, 22-May-2013 14:54:28 EDT