State employees' pension plan retiree benefits

Pension Plan Retiree Benefits

Eligibility: Full and part-time staff who participate in the State Employees' Pension Plan (SEPP)

Plan Administrator: State of Delaware Office of Pensions

Who Can Use this Benefit: Benefits-eligible staff

Benefit: Employees who satisfy the SEPP age and service criteria are eligible to apply for retirement income through the Office of Pensions.  SEPP recipients may also apply for health, dental, and vision insurance as well as a death benefit through the Office of Pensions.

Cost: Participants in the State Employees’ Pension Plan are subject to the age and service cost sharing requirements of that Plan, through which they receive their monthly pension and health insurance coverage in retirement. 

Current SEPP Medical Premium Rates

Office of Pensions Age/Service Requirements to Retire Chart

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

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 = 0.2%
Must have 5 consecutive years of service

Reduced Pension (Early Retirement):
  any age and 25 years service
  age 55 and 15 years service
  reduction factor = 0.4%
Must have 5 consecutive years of service

 

Resources: For additional information, including a pension calculator, frequently asked questions, rules & regulations, and details about benefits, see the SEPP website.

Additional Information: To begin the SEPP income and benefits application process, please contact Human Resources at least five months in advance of your proposed retirement date.

UD Pensioners who also meet University of Delaware criteria for retirement eligibility have access to participate in additional benefits, including retiree-paid University group life insurance, educational benefits, UD ID card, Employee Health and Wellbeing program and parking privileges for retirees.

University Age & Service Guidelines:

  • 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

Effective July 1, 2021, individuals will be subject to the following age/service eligibility criteria:

  • any age and 30 benefits-eligible years of service
  • age and service when combined equal 80 ((must be at least age 55 when combined with service; must have at least 15 benefits-eligible years of service when combined with age)