OFFICE OF PENSIONS
Message from Pension Administrator:
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Plan for your retirement with our Online Calculators |
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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.
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We will be closed on the following day / holiday:
• Labor Day | Sept. 6, 2010 | Monday
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NEWS
August 30, 2010
Division of Statewide Benefits' consultant, Aon Consulting, has mailed letters to approximately 22,000 State of Delaware retirees informing them of a security incident.
* Please click here for the OMB press release, and please click here for Aon Consulting's press release.
Estimates and Counseling Scheduling Update:
We are now scheduling Estimate and Pre-Retirement Counseling requests for September 2010.
Individuals seeking the above services are encouraged to use their 2009 Comprehensive Annual Statement, the calculator on our website (Link: State Employee Online Calculator) and/or contact their Human Resources Office. If you do not have a copy of your 2009 comprehensive annual statement, the Office of Pensions will mail one to you.
When reviewing a State Employees’ Pension Plan Comprehensive Annual Statement, you may use the factor in line 7 of Block 4 of 6 to determine the additional pension benefit for each year worked beyond December 31, 2009. Your pension benefit will increase by the factor in line 7 for each additional year of service. Divide the number in line 7 by 12 to determine how much your pension benefit will increase for every month you work beyond December 31, 2009.”
 PENSION ESTIMATE CALCULATORSOnline Pension Plan Calculators: The State of Delaware Board of Pension Trustees administers the Delaware Public Employees' Retirement System. The System consists of nine retirement plans and three commingled pension funds. The formula used to calculate pension benefits differs from Plan to Plan. Find an estimate for your retirement by finding your Pension Plan's specific calculator. |
 LIFE LINES NEWSLETTERLife Lines Newsletters: Newsletter provided by the State of Delaware Group Health Insurance Program for their Employees, Pensioners, and their Families that contains information on health, fitness, eating well, safety, and more... •Delaware Statewide Benefits Office: Archived Life Lines Newsletters |
 WELLAWARE NEWSLETTERWellaware Newsletter: Newsletter provided by the State of Delaware DelaWELL Program to promote awareness, knowledge, and ultimately changes in personal health risk behaviors and overall well-being of state employees. •Delaware DelaWELL Program: Archived Well Aware Newsletters |
