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Old 10-04-2013, 11:07 AM
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Dan Moore Dan Moore is online now
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Quote:
Originally Posted by exactuary View Post
How do you know that it wasn't?
My opinion that the 13th check was not included in the liabilities is based on the fact that they were treated as a discretionary benefit, and the fact that they are not even mentioned in the plan provisions section of the most recent General Retirement System actuarial valuation report. Also, this report that the 2 pension funds paid 13th checks through 2011 and still maintain 'savings plans' for active employees -i.e., cash balance arrangements (apparently informal and supplemental to the main pension plan?).
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