Employee Pension Plan


The Denver Employee Retirement Plan (DERP), is the city employees defined benefit pension plan. DERP provides a guaranteed lifetime pension benefit for our employees and possibly their beneficiary. Contributions to DERP are made by employees and us. Employees are vested and eligible for a lifetime pension benefit after 5 years of credited service. The DERP pension benefit is protected, meaning:

  • There is no investment risk to our employees
  • Our employees cannot outlive their benefit

The DERP pension benefit is calculated using a formula based on our employee's earnings and their years of service. DERP also provides subsidized health care benefits, as well as, disability and death benefits. Learn more about our DERP pension benefit at derp.org.

Are your employees pension contributions mandatory? Can they contribute more to the pension?
Yes, all our employees must currently contribute 8.45% to DERP (we contribute 17.95%, as well). No, employees cannot contribute more to DERP, but they can contribute to the 457(b) deferred compensation plan.

Do employees designate a beneficiary?
Yes, active and inactive employees can review their current beneficiary and request a new beneficiary if necessary through the Member Self Service Portal or by completing and submitting the Beneficiary Designation form

How can I learn more about DERP and planning for retirement?
DERP has produced a video series designed to provide an overview of planning for financial security in your retirement years. The series focuses on the three main sources of income in retirement; Social Security, the Denver Employees Retirement Plan benefit, and Personal Savings.