This estimate is for illustrative purposes only.  Estimated calculations have been rounded to two digits.  It is intended to assist with long-term financial planning.   It is not a guarantee of pensions that may be available to a member at retirement.   Any reliance on information obtained through this pensions estimator must be done solely at the user's own risk. 

No decisions should be made regarding actual retirement choices based in whole or in part upon information obtained through this pension estimator.  Before making any final retirement plans, a member should contact an Office of Pensions pensions counselor.  Nothing in this estimate is meant to extend or change in anyway the provisions expressed in the Plan.  If there is a conflict between this calculation and the Plan, the Plan controls.  All member accounts are subject to final audit.  To obtain an estimate of pensions from the Office of Pensions, call 1-302-739-4208 or toll-free at 1-800-722-7300.

 1       ESTIMATED CREDITED SERVICE

Compute your estimated monthly pension:
(If you are thinking about early retirement use the top calculator and then use the bottom calculator)
This Calculation Worksheet is for Plan 3 or Plan B only
Calculation Worksheets for Plan 1 and Plan 2 will be added at a later date.

mini-calculator



Click '=' will auto-fill Compensation Amount

(a) Normal Retirement.
A Participant may retire at any time on or after the Participant’s Normal Retirement Date and receive a pension at the annual rate of 1.75% of the Participant’s Final Average Base Salary multiplied by the Participant’s Years of Credited Service for up to 30 Years of Credited Service.
Helpful Hint:
Do not use commas in the combined highest 5 year compensation field.  For example, type 100000 instead of 100,000. 

Please choose the nearest month or decimal in accordance
with your State of Delaware service.

Total Credited Service Years Months
Enter your combined highest 60 consecutive months compensation*:   $
* Final Average Base Salary means the average of the Participant’s annual Base Salary for those 60 consecutive months of the Participant’s last 120 months of employment with the Employer that produce the highest average.
 
 2       YOUR MONTHLY EARNINGS PENSION INFORMATION
•CALCULATIONS ARE ESTIMATED
  • Monthly Final Average Earnings
  •   $
  • This is your calculation factor (monthly average X 1.75%)
  • Your estimated monthly pension
  • This is your credited service

  •  3      ADDITIONAL CALCULATORS
    •CALCULATIONS ARE ESTIMATED
      NOTE:  You must perform calculation in Step #1 first for the additional calculators to work properly.
    (b) Early Retirement.

    With Reduction. A Participant may retire at any time on or after the Participant’s Early Retirement Date and receive a pension at the annual rate of 1.75% percent of the Participant’s Final Average Base Salary multiplied by the Participant’s Years of Credited Service, maximum 30 years, but such pension shall be reduced by the full or partial calendar months by which the Participant’s pension commencement date precedes the earlier of the Participant’s Normal Retirement Date or the date the Participant would first be eligible for unreduced pensions under the Rule of 90 based on the Participant’s credited service at time of retirement.

    Rule of 90. A Participant may retire at any time on or after the Participant’s Early Retirement Date and receive a pension at the annual rate of 1.75% percent of the Participant’s Final Average Base Salary multiplied by the Participant’s Years of Credited Service, a maximum of 30 years, without reduction by a factor related to the time preceding the Participant’s Normal Retirement Date, provided that the total of the Participant’s age, which shall not be less than 55 years, plus number of Years of Credited Service is 90 or more.

  • IF EARLY RETIREMENT...
  •   $
        Enter number of months reduced- then click 'COMPUTE'
      Estimated reduced monthly pension
        
    $
    Your monthly reduction:
     
       


    This estimate is for illustrative purposes only.  Estimated calculations have been rounded to two digits.  It is intended to assist with long-term financial planning.   It is not a guarantee of pensions that may be available to a member at retirement.   Any reliance on information obtained through this pensions estimator must be done solely at the user's own risk. 

    No decisions should be made regarding actual retirement choices based in whole or in part upon information obtained through this pension estimator.  Before making any final retirement plans, a member should contact an Office of Pensions pensions counselor.  Nothing in this estimate is meant to extend or change in anyway the provisions expressed in the Plan.  If there is a conflict between this calculation and the Plan, the Plan controls.  All member accounts are subject to final audit.  To obtain an estimate of pensions from the Office of Pensions, call 1-302-739-4208 or toll-free at 1-800-722-7300.

    alt