Board of Trustees Approves 13th Check for Basic Plan Retirees and Beneficiaries in Pay Status as of January 2023


February 14, 2024

Recognizing the impact of last year’s steep rise in inflation and following a strong investment return of 9.7% in 2023, the Board of Trustees is pleased to announce the payment of a 13th check to eligible retirees and beneficiaries in the Basic Plan. Retirees and beneficiaries eligible for a monthly benefit from the Basic Plan as of January 2023 will receive an additional payment equal to the amount of their regular monthly benefit and in the same form as the existing payment method – check, electronic funds transfer or wire. Payments will be processed in conjunction with the March benefit payments.

This additional payment is being made on a one-time, non-precedential basis and is based entirely on the Trustees’ judgment and discretion about the financial condition of the Basic Plan. There is no right (vested, accrued or otherwise) to any additional or similar payment in future months or years.

For more information, contact the Pension Department at or (323) 866-2200, Ext. 404.