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  Retiree Benefits

Excerpt from: University of Delaware Policies and Procedures Manual, Section: Personnel

Employees who wish to retire should contact the Office of Human Resources at least three months in advance of their retirement date. Staff will assist in explaining entitlements, filing applications and coordinating required documents.

Age/Service Criteria For Retiree Benefits
    The University provides retiree benefits to those who qualify under one of the following age/service criteria:

    • any age and 30 years of service
    • age 55 and 20 years of service
    • age 60 and 15 years of service
    • age 65 and 10 years of service

    Individuals hired before July 1, 2008, will continue to be eligible for retiree benefits under the following age/service requirements until June 30, 2013, after which they will be subject to the above age/service eligibility criteria.

    • any age and 30 years of service
    • age 55 and 15 years of service
    • age 65 and 5 years of service
Benefits at Retirement
  • Blood Bank Membership
  • $7,000 Death Benefit
  • Dental Insurance
  • Educational Benefits
  • Health Insurance
  • Life Insurance
  • Miscellaneous:
  • ID card privileges
  • Parking Sticker
  • Vision Insurance

    State Pensioners also receive blood bank, health insurance, DentaHealth coverage and a $7,000 death benefit through the State Pension group.

Prior Service
    The University will include prior employment for purposes of meeting retirement eligibility providing the length of service is five years or more. Prior University service of less than five years will be restored only after the individual works for a minimum of five consecutive years. However, where a break in service is four months or less, the 5-year service requirement will be waived and all eligible prior service will be restored. Only permanent employment of 50% time or more as a faculty, professional, salaried or hourly staff employee will be considered.

    Note: Upon retirement, individuals receive payment for unused vacation. The retiree's department completes all paperwork to separate the individual from the University and confirms unused vacation pay on the Job Employee Data form (JED).


 
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