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At its November 15, 2024 meeting, SDCERS’ Board of Administration approved payment of the Annual Supplemental Benefit for eligible retirees and continuance beneficiaries. The Annual Supplemental Benefit is paid in years when the fund’s investment earnings are sufficient to qualify, according to a set formula defined in the plan documents.
In addition, the Corbett Settlement Increase (“Corbett benefit”) is paid to eligible retirees and continuance beneficiaries in years that the Annual Supplemental Benefit is paid. If you are eligible for one or both of these benefits, payment will be included in your November 2024 monthly pension payment.
There are minimum service credit requirements to qualify for the Annual Supplemental benefit (5 or 10 years, depending on hire date and plan sponsor.) City Members hired on or after July 1, 2005, Port Members hired on or after October 1, 2005, and Airport Members hired on or after October 3, 2006 are not eligible for the Annual Supplemental Benefit.
Payment amounts are determined by years of service credit (not including reciprocal service credit). The amount per year of service credit is $30, $45, $60, or $75 per year of service credit depending on year of retirement. Continuance beneficiaries of eligible retirees will be paid an amount using the same ratio as their monthly benefits bear to the monthly benefit received by their respective deceased retired spouse.
The eligibility requirements for the Annual Supplemental Benefit and Corbett benefit are described in our FAQs under “Annual Supplemental Benefit, Corbett, COLA, COL Annuity.” Here, you will also find a description of how these benefits are calculated.
In addition to the requirements outlined in the FAQ’s, in order to be eligible for the 2024 Annual Supplemental Benefit, a retiree or continuance beneficiary must have been (1) alive, and (2) eligible to receive a monthly pension benefit payment on October 1, 2024. If an eligible retiree died on or after October 1, 2024, the retiree’s continuance beneficiary is not eligible for their own Annual Supplemental Benefit this year. In this case, the retiree’s Annual Supplemental Benefit payment will be included in the $2,000 Retiree Death Benefit and Other Payable Monies, which is paid to the beneficiary(ies) designated to receive that death benefit.
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At its November 3, 2023 meeting, SDCERS’ Board of Administration approved payment of the Annual Supplemental Benefit for eligible retirees and continuance beneficiaries. The Annual Supplemental Benefit is paid in years when the fund’s investment earnings are sufficient to qualify, according to a set formula defined in the plan documents.
In addition, the Corbett Settlement Increase (“Corbett benefit”) is paid to eligible retirees and continuance beneficiaries in years that the Annual Supplemental Benefit is paid. If you are eligible for one or both of these benefits, payment will be included in your November 2023 monthly pension payment.
The eligibility requirements for the Annual Supplemental Benefit and Corbett benefit are described in our FAQs under “Annual Supplemental Benefit, Corbett, COLA, COL Annuity.” Here, you will also find a description of how these benefits are calculated.
In addition to the requirements outlined in the FAQ’s, in order to be eligible for the 2023 Annual Supplemental Benefit, a retiree or continuance beneficiary must have been (1) alive, and (2) eligible to receive a monthly pension benefit payment on October 1, 2023. If an eligible retiree died on or after October 1, 2023, the retiree’s continuance beneficiary is not eligible for their own Annual Supplemental Benefit this year. In this case, the retiree’s Annual Supplemental Benefit payment will be included in the $2,000 Retiree Death Benefit and Other Payable Monies, which is paid to the beneficiary(ies) designated to receive that death benefit.
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At its November 4, 2022 meeting, SDCERS’ Board of Administration approved payment of the Annual Supplemental Benefit for eligible retirees and continuance beneficiaries. The Annual Supplemental Benefit is paid in years when the fund’s investment earnings are sufficient to qualify, according to a set formula defined in the plan documents.
In addition, the Corbett Settlement Increase (“Corbett benefit”) is paid to eligible retirees and continuance beneficiaries in years that the Annual Supplemental Benefit is paid. If you are eligible for one or both of these benefits, payment will be included in your November 2022 monthly pension benefit.
The eligibility requirements for the Annual Supplemental Benefit and Corbett benefit are described in our FAQs under “Annual Supplemental Benefit, Corbett, COLA, COL Annuity.” Here, you will also find a description of how these benefits are calculated.
In addition to the requirements outlined in the FAQ’s, in order to be eligible for the 2022 Annual Supplemental Benefit, a retiree or continuance beneficiary must have been (1) alive, and (2) eligible to receive a monthly pension benefit on October 1, 2022. If an eligible retiree died on or after October 1, 2022, the retiree’s continuance beneficiary is not eligible for their own Annual Supplemental Benefit this year. In this case, the retiree’s Annual Supplemental Benefit payment will be included in the $2,000 Retiree Death Benefit and Other Payable Monies, which is paid to the beneficiary(ies) designated to receive that death benefit.
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At its November 5, 2021 meeting, SDCERS’ Board of Administration approved payment of the Annual Supplemental Benefit for eligible retirees and continuance beneficiaries. The Annual Supplemental Benefit is paid in years when the fund’s investment earnings are sufficient to qualify, according to a set formula defined in the plan documents.
In addition, the Corbett Settlement Increase (“Corbett benefit”) is paid to eligible retirees and continuance beneficiaries in years that the Annual Supplemental Benefit is paid. If you are eligible for one or both of these benefits, payment will be included in your November 2021 monthly pension benefit.
The eligibility requirements for the Annual Supplemental Benefit and Corbett benefit are described in our FAQs under “Annual Supplemental Benefit, Corbett, COLA, COL Annuity.” Here, you will also find a description of how these benefits are calculated.
In addition to the requirements outlined in the FAQ’s, in order to be eligible for the Annual Supplemental Benefit, a retiree or continuance beneficiary must have been (1) alive, and (2) eligible to receive a monthly pension benefit on October 1, 2021. If an eligible retiree died on or after October 1, 2021, the retiree’s continuance beneficiary is not eligible for their own Annual Supplemental Benefit this year. In this case, the retiree’s Annual Supplemental Benefit payment will be included in the $2,000 Retiree Death Benefit and Other Payable Monies, which is paid to the beneficiary(ies) named to receive that death benefit.
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At its November 13, 2020 meeting, SDCERS’ Board of Administration approved payment of the Annual Supplemental Benefit and the Corbett Settlement Increase (“Corbett benefit”) for eligible retirees and continuance beneficiaries. The Annual Supplemental Benefit is paid in years when the fund’s investment earnings are sufficient to qualify, according to a set formula defined in the plan documents, and the Corbett benefit is paid in years that the Annual Supplemental Benefit is paid. If you are eligible for one or both of these benefits, payment will be included in your November 2020 monthly pension benefit.
The eligibility requirements for the Annual Supplemental Benefit and Corbett benefit are described in our FAQs under “Annual Supplemental Benefit, Corbett, COLA, COL Annuity.” Here, you will also find a description of how these benefits are calculated.
In addition to the requirements outlined in the FAQ’s, in order to be eligible for the Annual Supplemental Benefit, a retiree or continuance beneficiary must have been (1) alive, and (2) eligible to receive a monthly pension benefit on October 1, 2020. If an eligible retiree died on or after October 1, 2020, the retiree’s continuance beneficiary is not eligible for their own Annual Supplemental Benefit. In this case, the retiree’s Annual Supplemental Benefit payment will be included in the $2,000 Retiree Death Benefit and Other Payable Monies, which is paid to the beneficiary(ies) named to receive that death benefit.
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At its November 8, 2019 meeting, SDCERS’ Board of Administration approved payment of the Annual Supplemental Benefit, also known as the “13th Check,” and the Corbett Settlement Increase (“Corbett benefit”) for eligible retirees and continuance beneficiaries. The Supplemental Benefit is paid in years when the fund’s investment earnings are sufficient to qualify, according to a set formula defined in the plan documents, and the Corbett benefit is paid in years that the Supplemental Benefit is paid. If you are eligible for one or both of these benefits, payment will be included in your November 2019 monthly pension benefit.
The eligibility requirements for the Supplemental Benefit and Corbett settlement benefits are described in our FAQsunder “Annual Supplemental Benefit ("13th Check"), Corbett, COLA, COL Annuity.” Here, you will also find a description of how these benefits are calculated.Click "Read More" to view the full article.
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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.
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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.
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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.
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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.
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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. Learn More...
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. Learn More...
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.
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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. Learn More...
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. Learn More...
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) Learn More...
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. Learn More...
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. Learn More...
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. Learn More...