Pension

This page will provide some general information in reference to the Pension plan offered by the State of Delaware. The most asked questions are (1) When can I retire? (2) What is the amount of my pension check? This page will answer both questions.
Employees are eligible to receive a pension from the State of Delaware with various combinations of years of service and age. The first step to determine the employe initial hire date: PRIOR to January 1, 2012 or AFTER December 31, 2011

When can I retire?

Employees initially hired prior to January 1, 2012 are entitled to a Full Service Service Pension based on the following criteria:

Five (5) years credited service (must have five (5) consecutive years of credited service) and has attained the age of 62 OR
Fifteen (15) years of credited service (must have five (5) consecutive years of credited service) and has attained the age of 60 OR
Thirty (30) years of credited service (must have five (5) consecutive years of credited service) regardless of age

Employees initially hired prior to January 1, 2012 are entitled to a Reduced Pension based on the following criteria:

Fifteen (15) years of credited service (must have five (5) consecutive years of credited service) and has attained age 5, reduced by 2/10 percent for each month the employee is under age 55 OR
Twenty-five (25) years of credited service (must have five (5) consecutive years of credited service) reduced by 2/10 percent for each month the employee has less than 30 years.

Employees initially hired after to December 31, 2011 are entitled to a Full Service Service Pension based on the following criteria:

Ten (10) years credited service (must have five (5) consecutive years of credited service) and has attained the age of 65 OR
Twenty (20) years of credited service (must have five (5) consecutive years of credited service) and has attained the age of 60 OR
Thirty (30) years of credited service (must have five (5) consecutive years of credited service) regardless of age

Employees initially hired prior to January 1, 2012 are entitled to a Reduced Pension criteria are:

Fifteen (15) years of credited service (must have five (5) consecutive years of credited service) and has attained age 5, reduced by 4/10 percent for each month the employee is under age 55 OR
Twenty-five (25) years of credited service (must have five (5) consecutive years of credited service) reduced by 4/10 percent for each month the employee has less than 30 years.

What is the amount of my pension check?
Every year the Pension Office provides an Online Annual Statement which provides the estimated monthly pension payment. Please read the Online Annual Pension Statement newsletter to learn how to access the annual statement and to find out your monthly pension payment. https://www.smore.com/jyk10-online-annual-pension-statement