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SDCERS Board Approves 13th Check and Corbett Benefits for 2018

Date: Nov 09, 2018 Categories: 13th Check and Corbett, Board, News Articles

At its November 9, 2018 meeting, the SDCERS' Board of Administration approved the payment of the "13th Check" supplemental benefit and the Corbett settlement benefit for eligible retirees. Eligible retirees will receive the payment as part of their November 2018 monthly retirement benefit. The "13th Check" and Corbett settlement benefits are paid in years when the realized investment earnings of the fund are sufficient to pay them.   More...

SDCERS Board Approves 13th Check and Corbett Benefits for 2017

Date: Nov 03, 2017 Categories: 13th Check and Corbett, Board, News Articles

The San Diego City Employees’ Retirement System (SDCERS) Board of Administration approved the payment of the “13th Check” supplemental benefit and the Corbett settlement benefit for eligible retirees. Eligible retirees will receive the payment as part of their November 2017 monthly retirement benefit.   More...

SDCERS Board Approves 13th Check and Corbett Benefits for 2016

Date: Nov 04, 2016 Categories: 13th Check and Corbett, Board, News Articles, Press Release

The San Diego City Employees’ Retirement System (SDCERS) Board of Administration approved the payment of the “13th Check” supplemental benefit and the Corbett settlement benefit for eligible retirees. Eligible retirees will receive the payment as part of their November 2016 monthly retirement benefit.   The “13th Check” and Corbett settlement benefits are paid in years when the realized investment earnings of the fund are sufficient to pay them.   More...

SDCERS Board Approves 13th Check and Corbett Benefits for 2015

Date: Nov 13, 2015 Categories: 13th Check and Corbett, Board, News Articles, Press Release

The San Diego City Employees’ Retirement System (SDCERS) Board of Administration today approved the payment of the “13th Check” supplemental benefit and the Corbett settlement benefit for eligible retirees. Eligible retirees will receive the payment as part of their November 2015 monthly retirement benefit.   More...

SDCERS Board Approves 13th Check and Corbett Benefits for 2014

Date: Nov 14, 2014 Categories: 13th Check and Corbett

The San Diego City Employees’ Retirement System (SDCERS) Board of Administration today approved the payment of the “13th Check” supplemental benefit and the Corbett settlement benefit for eligible retirees. More...

SDCERS Board Approves 13th Check and Corbett Benefits for 2013

Date: Sep 20, 2013 Categories: 13th Check and Corbett, Board

The San Diego City Employees’ Retirement System (SDCERS) Board of Administration has approved the payment of the “13th Check” supplemental benefit and the Corbett settlement benefit for eligible retirees. Eligible retirees will receive the payment as part of their November 2013 monthly retirement benefit check. More...

13th Check and Corbett for 2012

Date: Oct 11, 2012 Categories: 13th Check and Corbett

Due to insufficient realized earnings for fiscal year 2012, this year’s 13th Check and Corbett payments to eligible retirees will not be made in November.  There will be an informational item presented to the SDCERS Business and Governance Committee on this topic at their upcoming November 1, 2012 meeting.  The agenda for that meeting and the supporting materials will be available October 29, 2012, on the SDCERS website.     More...

Eligible Retirees Will Receive 13th Check & Corbett Benefits for 2011

Date: Sep 30, 2011 Categories: 13th Check and Corbett

At its September 30, 2011 Board meeting, SDCERS' Board of Administration authorized payment of the "13th Check" supplemental benefit and the Corbett Settlement benefit to eligible retirees. More...

Eligible Retirees To Receive 13th Check & Corbett Benefits for 2010

Date: Nov 12, 2010 Categories: 13th Check and Corbett

At its October 1 meeting, SDCERS' Board of Administration authorized payment of the "13th Check" supplemental benefit and the Corbett settlement benefit to eligible retirees. These retirees will receive the payment as part of their November 2010 monthly retirement benefit. More...

Court Ruling on Effective Date of 2005 Benefit Changes

Date: Jul 22, 2010 Categories: 13th Check and Corbett, DROP, Health, Purchase of Service (PSC)

A recent decision by the San Diego Superior Court has ruled that benefit changes made by the City in 2005 – but which were not codified by ordinance into the Municipal Code until 2007 – have a retroactive effective date back to July 1, 2005. (A PDF of the ruling is available at the end of this article) More...

SDCERS to Recommend Board Authorize Payment of 13th Check & Corbett

Date: Nov 13, 2008 Categories: 13th Check and Corbett, Board, Investments

Good news to report: SDCERS has completed detailed year-end calculations and, based on the unaudited financial statements for the fiscal year ended June 30, 2008. More...

Status of 13th Check and Corbett Payment

Date: Sep 24, 2008 Categories: 13th Check and Corbett

Each year, SDCERS' accounting staff prepares the detailed calculations to determine the 13th check and Corbett payment amounts in October, and forwards this information to the City Comptroller for review. Following that review, staff submits the payment authorization to the SDCERS Board for approval in November. After the review, SDCERS is able to communicate if payments can be made. More...