Primary Retirement Plan: State Employee Pension Plan

The State of Delaware Pension Plan (Chapter 55, Title 29, Delaware Code) mandates that all University salaried and hourly staff participate upon date of hire.  At retirement, State Pensioners are eligible to enroll in blood bank, health, dental, and vision insurance and are covered by a $7,000 death benefit, all through the State Pension group. Health insurance plans are the same as those for active employees until the retiree is age 65, at which time Medicare supplemental coverage is available.  Premiums for health insurance are based on years of service, if the retiree's date of hire is 7/1/91 or after. If the hire date is prior to 7/1/91, premiums are similar to those for active employees.

Office of Pensions Age/Service Requirements to Retire

Hired 7/1991 - 12/31/2011 Hired 1/1/2012 and after
   

Full Pension:

  • any age and 30 years service
  • age 60 and 15 years service
  • age 62 and 5 years service

Reduced Pension (Early Retirement):

  • any age and 25 years service
  • age 55 and 15 years service
  • reduction factor = 0.2%

Full Pension:

  • any age and 30 years service
  • age 60 and 20 years service
  • age 65 and 10 years service

Reduced Pension (Early Retirement):

  • any age and 25 years service
  • age 55 and 15 years service
  • reduction factor = 0.4%

 

Individuals who also satisfy the University's age/service requirements for retirement are eligible to participate in the following benefits through UD:

  • Educational Benefits
  • Life Insurance
  • ID card privileges (Library, Fitness Center, etc.)
  • Free Central Parking Sticker

 University of Delaware's Age/Service Requirements to Retire

  • 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

Questions?

Contact the Benefits office at (302) 831-2171 or email hrhelp@udel.edu