Retiree Benefits

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

Retirement Notification Schedule
Non-Exempt, State Employee Pension Plan At least five months in advance of retirement date
Exempt Staff, 403(b)Retirement Savings Plan At least three months in advance of retirement date
Faculty, 403(b)Retirement Savings Plan Refer to Collective Bargaining Agreement, section 9.8 or Faculty timeline.

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
Exempt
403(b) Retirement Savings Plan
Faculty
403(b) Retirement Savings Plan
Age & Service Guidelines
Rates
     July 1, 2015
     September 1, 2015
Office of Pensions
     Plan - Benefits
     Retirees' FAQ's
Calculator
Retiree Life Insurance
Medicare Highlights
Highmark Delaware Special Medicfill Plan
Age & Service Guidelines
Rates
     July 1, 2015
     September 1, 2015
Dental Insurance
Vision Insurance
Medicare A & B Notice
Medicare Brochure
Highmark Delaware Special Medicfill Plan
Retiree Life Insurance
UD Retiree Brochure
Age & Service Guidelines
Rates
     July 1, 2015
     September 1, 2015
Dental Insurance
Vision Insurance
Medicare A & B Notice
Medicare Brochure
Highmark Delaware Special Medicfill Plan
Faculty Retirement Brochure
Faculty Lump Sum Benefit
AAUP Agreement
Retiree Life Insurance
Faculty Retirement Timelines
Faculty Retirement Options & Benefits

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 hrhelp@udel.edu