Pension Board

Regular Meetings
  • 8 a.m.
  • Third Wednesday of the month 
  • All board meetings are held in the New Castle County Government Center, 87 Reads Way, New Castle, DE 19720 unless otherwise noted.
Meeting Agenda

Meeting Minutes

08/17/2016
07/20/2016
06/15/2016
05/15/2016
04/20/2016
03/16/2016
02/17/2016
01/20/2016
12/16/2015
11/18/2015
10/21/2015
09/16/2015
08/19/2015
07/21/2015
06/17/2015
05/20/2015
04/15/2015
04/09/2015
03/18/2015
02/28/2015
01/21/2015
12/17/2014
11/19/2014
10/15/2014
09/17/2014
08/20/2014
07/16/2014
06/18/2014
05/21/2014
4/16/2014
3/19/2014
2/19/2014
1/15/2014
12/18/2013
11/20/2013
10/16/2013
09/18/2013
08/21/2013
07/17/2013
06/19/2013
05/15/2013
04/17/2013
03/20/2013
02/20/2013
01/16/2013

Reports
2016 Pension Plan Review
2015 Pension Plan Review
2014 Pension Plan Review

Members
  • Daniel McFadden, Chair
  • Robert Barczak, Local 459
  • Christine R. Dunning, Chief Human Resources Officer
  • Michael Coupe, Chief Financial Officer
  • Paul Frese, Non-union Representative
  • Michael Finnegan, Retired Member Trustee
  • Terry Stone, Council-appointed Trustee
  • Douglas Merrill, Local Fraternal Order of Police #5
  • Richard Piekarski, Local 3109
  • Saul Polish, Local 3911
  • Regis Yurcich, Local 1607
  • Daryl Brown, Council-appointed Trustee

Board Responsibilities
The Pension Board reviews all ordinances that propose amending the pension related sections in Chapter 26 of the county code and makes recommendations to County Council and the county executive. The board may, from time to time and in its sole discretion, provide pre-retirement education and counseling to county employees, and may pay for the cost of such programs from the pension fund established in Section 26.04.601.

Membership Requirements
  • The chief human resources officer ex officio
  • The chief financial officer ex officio
  • The county executive shall appoint six members according to the following system:
    • Local 459 of the American Federation of State, county and municipal employees, AFL-CIO, shall submit three names of employees of the county for at least five years and members of the program
    • Local 1607 of the American Federation of State, county and municipal employees, AFL-CIO, shall submit three names of employees of the County for at least five years and members of the program
    • Local 3109 of the American Federation of State, county and municipal employees, AFL-CIO, shall submit three names of employees of the county for at least five years and members of the program
    • The Fraternal Order of Police shall submit three names of employees of the county for at least three years and members of the program
    • Local 3911 of the American Federation of State, County, and Municipal Employees (AFSCME) shall submit three names of employees of the county for at least five years and members of the program
    • The Pension Plan Administrator shall submit a list of non-union system employees who are members of the program and who have been employees of the County for at least five (5) years. 

County Council shall appoint four members, none of whom shall be an official or employee of the county according to the following system:

  • Two of the members appointed to the Board of Trustees shall be in the banking or investment security business
  • One of the members appointed to the Board of Trustees shall be a retired member of the program
  • Of those members appointed by County Council, one (1) shall be Chairperson. If none of the members appointed by Council is designated by the Council as Chairperson at the time of appointment, the Chairperson shall be chosen by the Council appointees and shall serve as Chairperson until the Council designates a Chairperson
Rules
By-laws