😊 The State of Delaware - Office of Pensions has been amazing to work with. Their staff is responsive, helpful, and knowledgeable. I am highly satisfied with their service and would recommend them to anyone looking for pension-related assistance.
The State of Delaware - Office of Pensions has exceeded my expectations in every aspect. Their attention to detail and commitment to customer satisfaction are commendable. I am truly impressed with their service.
I have been dealing with pension matters for many years, and I must say that the State of Delaware - Office of Pensions stands out from the rest. Their expertise and dedication to their customers are commendable. I am grateful for their assistance.
The State of Delaware - Office of Pensions is a well-organized and professional organization. Their dedication to serving their customers is evident in everything they do. I have had a great experience working with them and would highly recommend their services.
👍 I highly appreciate the assistance provided by the State of Delaware - Office of Pensions. Their team is always prompt in responding to queries and provides accurate information. It's a pleasure to work with them.
During my recent interaction with a pensions office, I was impressed by their professionalism and efficiency. The staff was friendly and accommodating, and they provided me with all the information I needed.
😊 I am extremely satisfied with the service provided by the State of Delaware - Office of Pensions. Their staff is knowledgeable, friendly, and always ready to assist. I highly recommend their services to anyone in need of pension-related support.
I recently interacted with an office that handles pensions and they were quite helpful and knowledgeable. The customer service was exceptional and they made the whole process easy to understand.
I recently reached out to a pensions office, and I was pleasantly surprised by the level of professionalism and efficiency. The staff was courteous and patient, addressing all my concerns in a timely manner.
I've had nothing but great experiences for the passed 13 years, when dealing with the state pension office. Always very helpful and friendly.
Got through quickly to a young lady named Tammy. After having to deal with my poor description of the information I was seeking, she deciphered what I wanted. She then answered all my questions professionally and with a great attitude. Job well done.
Thank you to Bobby for answering my questions about pensioner health care. He was able to resolve all of my concerns in a professional, kind and friendly manner.
Welcome to the Office of Pensions for the State of Delaware. The State of Delaware is committed to providing its employees with a comprehensive and competitive benefits package, including retirement benefits. The Office of Pensions is responsible for administering the state's pension plans, which provide retirement income to eligible employees.
The State of Delaware offers two types of pension plans: the State Employees' Pension Plan (SEPP) and the Judicial Pension Plan (JPP). Both plans are defined benefit plans, which means that retirees receive a guaranteed monthly benefit based on their years of service and final average salary.
The SEPP covers most state employees, including teachers, police officers, firefighters, and other public servants. Eligible employees become vested in the plan after five years of service. The JPP covers judges and certain other judicial officials who are appointed by the Governor or elected by popular vote.
In addition to administering these pension plans, the Office of Pensions also provides information and assistance to current and retired state employees regarding their retirement benefits. This includes answering questions about eligibility requirements, calculating retirement benefits, and helping retirees navigate the process for receiving their pension payments.
One important aspect of managing these pension plans is ensuring that they remain financially sustainable over time. To this end, the Office of Pensions works closely with investment professionals to manage plan assets in a prudent manner that balances risk with return. The office also regularly reviews actuarial assumptions used in calculating future benefit payments to ensure they remain accurate over time.
Overall, the Office of Pensions plays an important role in supporting state employees throughout their careers and into retirement. By providing comprehensive retirement benefits that are both competitive and sustainable over time, it helps ensure that public servants can retire with dignity after dedicating their careers to serving others.
If you're a current or retired state employee looking for more information about your retirement benefits or have any questions about how your pension plan works please visit our website at pensions.delaware.gov or contact us directly at 1-800-722-7300
open.omb.delaware.gov
