SDCERS Board Approves 13th Check and Corbett Benefits for 2014

Date: Nov 14, 2014

 

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 2014 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. In years when the “13th Check” is not paid, it does not carry forward. The Corbett benefit, however, is carried forward and paid in the next year when the “13th Check” is paid.

For more information about the “13th Check” and Corbett, click here.




Document Under Categories: 13th Check and Corbett

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