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.
Coverage
Retiree benefits are provided through two different programs, depending on the employee's primary retirement plan. Please see the links below for details about each plan.
         Nonexempt Staff
State Employee Pension Plan          Age & Service Guidelines
Rates State of Delaware Office of Pensions Plan - Benefits Retirees' FAQ's Calculator Medicare Brochure State Pension Office Pre-Retirement Workshop Presentation          |
Exempt
403(b) Retirement Savings Plan |
Faculty
403(b) Retirement Savings Plan |
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.
Questions? Contact the Benefits office at (302) 831-2171 or email ben-serv@udel.edu
