State of Delaware Office of Pensions
Whether you are several years from retirement or ready to make that decision, here is a quick guide to take you through the process.
Path to Retirement
Retirees of pension plans administered by the Delaware Public Employees’ Retirement System (DPERS) are limited in their ability to return to work for an organization while continuing to receive a monthly pension. These limitations are the result of 2012 changes in both the Delaware Code and DPERS rules and regulations to ensure compliance with the regulations of the Internal Revenue Service (IRS) which allows DPERS to maintain its defined benefit plan status.
Retirees who fail to comply with the return to work criteria will have their monthly pension suspended. In addition, the retiree may have to repay any monthly pension benefits paid for any month the retiree did not meet the requirements.
Generally speaking, a retiree cannot receive a monthly pension in any month while working in a pension-covered position for an employer that participates in the retiree’s pension plan. In addition, retirees who are younger than age 65 at retirement must have a six month break from employment before working for any organization that participates in the pension plan from which he/she retired.
The rules also cover the types of work retirees can do when returning to work as casual/seasonal, temporary, or substitute employees.
To learn more about our Group Counseling schedule please contact our office by email at firstname.lastname@example.org or by telephone at (302) 739-4208 or (800) 722-7300 if you have any questions.
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Retiree Newsletter: Newsletter provided by the State of Delaware Pension Office for State of Delaware Retired Members. View Current 2018 Summer Retiree Newsletter
Senate Bill 236 passed the second session of the 149th General Assembly, which concluded on June 30, 2018. It provides for a one-time supplemental payment for retirees whose effective date of retirement was on or prior to July 1, 2018.
As of November 1, 2018, there will be a $400 one-time supplement for retired members of the State Employees’, New State Police, and Judicial Pension Plans (not the Closed State Police plan). This increase will be reflected in the monthly pension benefit payment on November 30, 2018.
The purpose of SB 236 is to provide a one-time supplement to employees and retirees, but the intent of the legislation is that an individual should not receive more than one supplement payment. So if you are an active employee that receives a supplement payment you will not receive the retiree supplement, unless you are receiving a survivor pension.
The Closed State Police Plan Post Retirement Increase is 2.15% and will be included in the July 31, 2018 benefit payment.