How’s an extra check sound?
Legislation was approved to provide eligible PERF retirees (or survivor or beneficiary of the member) with a 13th check. Members will receive the 13th check by Oct. 1, 2013.
The member, who retired or was disabled on or before Dec. 1, 2012, must be entitled to receive a monthly benefit on July 1, 2013. The amount of the 13th check is as follows:
|At least five years, but less than 10 years (disability)||$150|
|At least 10 years, but less than 20 years||$275|
|At least 20 years, but less than 30 years||$375|
|At least 30 years||$450|
If you have questions about the 13th check, call our office at (888) 526-1687.
Guaranteed fund rate reduced to 0.26 percent
Members who invest ASA funds in the Guaranteed Fund will earn an annual return of 0.26 percent beginning July 1, 2013. The rate is set annually by the INPRS Board of Trustees.
When can I expect my benefits?
Want to know when to expect your pension payments? For PERF members, monthly benefits are paid on the 15th of the month. Click here for a 2013 schedule and information on how payment dates are affected if the 15th falls on a weekend or holiday.