Message from Pension Administrator:
- David C. Craik

	Plan for your retirement with our Online Calculators

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. DPERS takes responsibility for the management and investment of the trust fund and understands that markets will fluctuate. DPERS investment policy seeks to minimize risk and provide returns over the long term.

Over the last year, the Board of Trustees (Board) of DPERS, through its Investment Committee, has taken material steps to protect the asset value of the investment portfolio. During these challenging market conditions, the Board, Investment Committee, and consultants are constantly monitoring DPERS’ investment portfolio. It is important to remember that DPERS is a long-term investor with a time horizon that lasts over decades and that the investment portfolio is well diversified in many different asset classes.

Income Tax Withholding Information:
Every January the Pension Office updates the Federal and State tax withholding tables and those changes are reflected in your January pension check. For January of 2010, you may have noticed a larger difference than in prior years. The reason for this is twofold; first, there were the normal state and federal income tax table changes and secondly, there was an adjustment of the federal income tax tables for changes that were made in 2009 to implement The American Recovery and Reinvestment Act of 2009 (the federal stimulus bill).

If you recall, in April 2009, new tax withholding tables were put into place as a result of the federal stimulus bill. These changes increased your monthly net pay for the remainder of 2009. The 2010 tax tables do not reflect the lower withholding that was part of the stimulus bill thus, there is an increase in your tax withholding for 2010.

We will be closed on the following day / holiday:   • Good Friday | Apr. 2, 2010 |  Friday

You can change your tax withholdings by filing a Tax Withholding Election (TWE) form which is available on our website at
http://delawarepensions.com/information/forms/retirees.shtml