When the Board of Directors approves the annual Retirement of Capital Credits, you will receive a retirement check from PSREC.
- If the amount is less than the minimum check writing amount, it will be held until your balance meets the required minimum.
- The amount of the retirement depends on PSREC’s financial health.
- When a distribution is possible, each member receives a capital credit refund.
Since 1937, PSREC’s board has authorized and distributed over $2 million to current and former members – about 20% of capital credits assigned.
PSREC uses the “percentage” method, which:
- Ensures all members receive a retirement whenever a distribution is completed
- Replaces the old “first-in, first-out” standard
Checks are issued once accumulated retirements exceed the minimum check amount set by the board.