Re(6): 13th check IP: 64.12.117.70 Posted on October 24, 2007 at 03:28:54 PM by J J Oliva
You are correct. However, we are referring to the 13th check for fiscal year 2007 which ended Sept. 30, 2007. Fiscal year 2007, which ended Sept. 30, 2007, had over 23% earnings, that would indicate that a 13th check is due for fiscal year 2007, payable by June 30, 2008. That also is an indicator that fiscal year 2007 did not operate in the loss mode. Further, the 13th check is not a new benefit. It, 13th check, is quite a few years old we just haven't received it, for one reason or another, on a yearly basis. Fiscal year 2008 began Oct. 1, 2007 that means that any losses that occur between now and Sept. 30, 2008 will effect the 13th check for fiscal year 2008, which would be payable by June 30, 2009. Any losses experienced between Oct. 1, 2007 and Sept. 30, 2008 would effect the 13th check for fiscal year 2008 not the 13th check for fiscal year 2007. If you need further information e-mail me.
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