Every retirement allowance or optional death allowance, including an allowance payable to a survivor of a member, payable to or on account of any member of this system or of a superseded system who has been or was retired for service is hereby increased as follows:
Period during which | Percentage of increase in |
retirement became | monthly retirement |
effective | allowance |
On or prior to June 30, 1967 ........................ | 10% |
12 months ended June 30, 1968 ........................ | 8% |
12 months ended June 30, 1969 ........................ | 6% |
12 months ended June 30, 1970 ........................ | 4% |
12 months ended June 30, 1971 ........................ | 2% |
In no event shall any allowance be increased by an amount greater than seventy-five dollars ($75) a month. A member with credit for 10 or more years of service in the system shall receive not less than twenty-five dollars ($25) a month.
This section shall not be operative in any county until such time as the board of supervisors shall, by ordinance adopted by a majority vote, make the provisions of this section applicable in such county.
(Added by Stats. 1973, Ch. 298.)