Each year, based upon a predetermined formula and investment return, a distribution for each eligible retiree or survivor/beneficiary may be paid as a supplement.
Payment is generally made during December, based on the fiscal year ended June 30th.
The distribution is limited to one-half the increase in the Consumer Price Index (CPI), or 3 percent, whichever is less, times your annualized pension. This rate cannot be less than 1%, provided funds are available in the reserve.
The "13th Check" is prorated if, as of July 1st of the year in question, you are not retired a full year.