Subject: 13th check
As of November 2, 2021 our pension fund’s performance was 10.5% for the year to date. We have 8 full weeks left until year end, 12/31/21, and if we end the year with at least least a 3% return we should be able to issue another 13th Check this year.
We are currently well above that, and things look real good for the Fire & Police Pension Fund, and its ability to issue a 13th Check.
In fact, our Fund has increased more than $350 million in value this year.
Some have asked about a 14th Check. While we are well above the performance necessary for a 13th Check, we would need at least a 13% return at year end to be able to consider a 14th Check.