Effective the first day of the first month after adoption of this section by the board of supervisors, the allowance paid with respect to any member of this system who retired or died prior to January 1, 2001, shall be increased by the percentage set forth opposite the year of retirement or death in the following schedule:
Period during which retirement |
|
January 1, 1998, or later | 0.0% |
12 months ending Dec. 31, 1997 | 1.0% |
24 months ending Dec. 31, 1996 | 2.0% |
60 months ending Dec. 31, 1994 | 3.0% |
60 months ending Dec. 31, 1989 | 4.0% |
120 months ending Dec. 31, 1984 | 5.0% |
12 months ending Dec. 31, 1974, |
|
The percentage shall be applied to the allowance payable on the effective date, and the allowance as so increased shall be paid for time on and after that date and shall be subject to annual cost-of-living adjustments.
(b) This section shall not be operative in any county until such time as the board of supervisors shall, by resolution adopted by majority vote, make the provisions of this section applicable in that county.
(Amended by Stats. 2001, Ch. 159, Sec. 117. Effective January 1, 2002.)