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Pension Update

UPDATE 

The link used to access paystubs and 1099 information via the Employee Self Service (ESS) portal has changed.

Effective immediately, please visit https://cityofwilmingtondeemployees.munisselfservice.com to access your pension payment details. Your existing portal access credentials (user ID and password) remain unchanged.

Please update your browser bookmark or favorite.

About the Office

The Treasurer's Office of the City of Wilmington is an independently elected office of the City's Executive Branch and is comprised of an Administrative and Pension division and is responsible for safeguarding the City's financial resources for all of the City's governmental, fiduciary and business-type activities. The treasury management system involves managing City investments (City Charter § 6-200) and disbursements (City Charter § 6-201), including the redemption of City bonds (City Charter § 6-202), in addition to working with City Council to fulfill and coordinate the City's financing needs. 

The Treasurer also administers the City's pension benefits and serves as the Treasurer of certain component unit organizations of the City.

Banking & Cash Management

Banking System

M&T Bank is designated the active depository of the City through June 30, 2020. The City Treasurer maintains the City's deposit accounts, including implementation of fraud preventative measures, and presents the Treasurer's Report to City Council at least twice monthly.

Treasury Operations

The City Treasurer approves disbursements for operating, investing and financing purposes which are made by check and electronic fund transfer (EFTs) including through Automated Clearing House credits and debits (ACH) also known as direct deposit.

Disbursements for operating purposes, including vendor payments and payroll are subject to approval by the City's Finance Director and Human Resource Director, respectively. Vendor and payroll paper checks are disbursed every Wednesday.  Employees are encouraged to contact their department's payroll coordinator or HR's payroll division with any question. Likewise, City vendors should contact the City's Finance Department with any questions regarding payments at (302) 576-2487.

Cash Management

The City Treasurer is a member of the Wilmington Economic and Financial Advisory Committee and Expenditure Review Board and incorporates information from these organizations into the City's cash flow model. The Treasurer's Office manages the City's investments and coordinates financing activity in effort to maintain sufficient cash levels to meet the City's operating and capital needs.

Investment & Financing Activity

Excess cash of the City is invested according to the City's Investment Policy which is aimed at minimizing systematic and unique risks. Investments are bid to local banking institutions for varying periods at 100% collateralization.

The City Treasurer serves as one (1) of the three (3) voting members of the City's Bond Committee which determines the terms of the City's municipal bonds as authorized by the City Council. The City Treasurer's Office also leads the City's Post-Issuance Compliance Team. The City currently enjoys strong, investment-grade credit ratings.

Disclosure: The City has retained an independent registered municipal advisor. The City is represented by and will rely on its independent municipal advisor, Public Financial Management, Inc. (“PFM”), to provide advice on proposals from financial services firms concerning the issuance of municipal securities and municipal financial derivatives generally. The contact at PFM is Geoffrey Stewart, who can be reached at (215) 567-6100. If a proposal received will be seriously considered by the City, the City will share the proposal with its municipal advisor. The personnel of PFM who will advise the City on such matters have represented to the City that they have not been associated with the firms engaging in principal transactions of the City within the two years prior to the date of this certificate. The City does not make any representations as to the independence of PFM from the firms engaging in the principal transactions of the City. Please note that, aside from any correspondence between an underwriter and municipal advisor mandated by a regulatory authority, no underwriter is required to speak directly with or send documents directly to the municipal advisor unless specifically directed to do so by the City.

Pension & Retirement System

The City Treasurer is a trustee of the City's Board of Pensions and Retirement and administers pension benefits.

  • For questions or information regarding the City of Wilmington Non-uniformed Plans I, II, or III, please contact:
  • For questions or information regarding the City of Wilmington Police Pension Plans of 1948 or 1984, please contact:
  • For questions or information regarding the City of Wilmington Fire Pension Plans of 1948 or 1984, please contact:
  • For questions or information regarding retiree healthcare, please contact the Department of Human Resources at (302) 576-2460.