California Government Code

§ 31681.8

GOV § 31681.8Div. 4 · Title 3 · Part 3 · Ch. 3 · Art. 8

Statute text

(a)The board of supervisors in any county under the County Employees Retirement Law of 1937 may provide, effective on a date determined by the board, for cost-of-living payments, in addition to those payable under Articles 16.5 and 16.6, to members of this system or a superseded system who retired and to their surviving beneficiaries who are receiving allowances under this system, provided the following conditions are met:

(1)On January 1 of the year of adoption or readoption of this section, the accumulations established by Section 31870, 31870.1, or 31870.2, as applicable, shall, for any member, equal or exceed 25 percent in order for that member to be eligible for such cost-of-living payment.

(2)The payments shall be made either quarterly or monthly to those members and survivors eligible for the first payment.

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Legislative history

Amended by Stats. 1988, Ch. 76, Sec. 1.