Board of Trustees Approves 13th Check Equal to 50% of Regular Monthly Benefit for Basic Plan Retirees and Beneficiaries in Pay Status as of January 2024

Recognizing the impact of continuing inflation, 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 2024 will receive an additional payment equal to 50% of their regular monthly benefit. This payment will be dispersed in the same form as the existing payment – check, electronic funds transfer or wire. Payments will be processed in conjunction with the April benefit payments.

The additional payment is made possible due to the strong investment returns for 2024, estimated at 9.9%. This follows a full 13th check that was paid in 2024, which represented an 8.3% increase, and the 50% check this year represents another 4.2% increase.

This additional payment is being made on a one-time, non-precedential basis and is based entirely on the Trustees’ judgment and discretion about the financial condition of the Basic Plan.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 pension@dgaplans.org or (323) 866-2200, Ext. 404.