DSEA Action!

Nov/Dec 2012

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www.dsea-r.org Returning to work for the State is tricky f you are receiving a Delaware pension benefit and returning to work for the State of Delaware, you must hold a nonpension covered position, such as: I • Casual/seasonal employment • Substitute teaching • Adjunct professor • Elected official or position appointed by the Governor and confirmed by the Senate is allowed. WARNING: The Internal Revenue Service indicates the following guidelines must be followed in order to return to work with an employer from whom you are receiving a qualified pension plan benefit: If under age 65 – • Must have a bona fide separation after retirement (six months or greater) • Must not have had a pre-arranged agreement to return to work with the State • Must not be a contractor, working for a contractor or working for a temporary agency unless there has been a bona fide separation. If over age 65, and working in a non-pension creditable position that meets the above exceptions, the employee may receive both a pension payment and a pay check from the State of Delaware. For more info. . . he Office of Pensions maintains pensioner records. Any questions about benefits, name, address or other personal information changes should be addressed to the Pension Office. You can contact the Office of Pensions in one of four ways: T www.dsea.org • Website: www.delawarepensions. com • Email address: pensionoffice@ state.de.us • Phone: 302-739-4208, 800-722-7300 (toll free) or 302-739-6129 (fax) • Visit the office: McArdle Building, 860 Silver Lake Boulevard, Suite #1, Dover You can also check out DSEARetired's website at www.dsea-r. org. There are important links to the Office of Pensions and Social Security located there. Plus you can read the latest offerings by DSEARetired. DSEA-Retired is the only Delaware retired state-employee organization affiliated with NEA, DSEA and NEA-Retired. • …There are currently 22,176+ retirees included in the State Pension Plan • …35,572+ active employees are in the State Pension Plan • …There is $7.6 billion+ in the Delaware Public Employees Retirement System (includes eight pension plans, one length of service award plan, three post-retirement trusts, and one investment pool) • … The State Employee Pension Plan, a "defined benefit plan," is extremely well-funded, over 94%. www.dsea-r.org Nov./Dec. 2012 DSEA ACTION! 15

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