Molly: 13th Check

From: Molly Janczyk

Sent: Wednesday, January 25, 2006
Subject: 13th ck

No, the 13th ck was only a few hundred dollars and an extra ck based on returns. I retired in '99 and mine was about $468. Your formula is 2.2% then if retired in 2000. SB190 , enacted in 2000 bumped up the formula from 2.1% to 2.2% an you get an appprox extra of $140 per month totally $1500 yearly enhancement over what it would have been at 2.1%. So you are ahead over 2.1% and a 13th ck. by $1100 approx a year. ($1500-$400 = $1100)PLUS you got the 3% vs a previous fluctuating lower COLA for an extra couple of hundred per yr. over the lower COLA years. You benefitted from all the enhancements of SB190 for retirees.

From: Anonymous Wed, 25 Jan 2006

Molly I retired in 2000 and always got the 3% and no 13th check. It ended that year. But it was my understanding the 13th check was your full monthly amount given in December. It was like getting 2 of your regular checks. This isn't true.