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CORP Increase for July 1, 2017, plus an Increase Adjustment


On approximately December 22, 2017, all eligible* CORP retirees and survivors with a membership date prior to July 20, 2011 will receive a Permanent Benefit Increase (PBI) of 1.76% retroactive to July 1, 2017 and, if eligible, may also receive a PBI adjustment for fiscal year 2013/14 and 2014/15 as a result of litigation decided by the Arizona Supreme Court and as determined by our actuary.  The eligible retirees will receive an email or letter detailing the payment and adjustment(s), as applicable, and please note that the deposit or check represents the net amount of the payment, less Federal and state taxes based on the retiree’s current tax withholding elections, as applicable.  For additional benefit information, retirees may view their Members Only account.

*For information in regard to Eligibility Requirements, please visit the CORP Increases section on our website.