California Statutes
§ 21330. — 21330. (Repealed and added by Stats. 1995, Ch. 379, Sec. 2.)
California·Code GOV Government Code - GOV·Div. 5.·Title 2. DIVISION 5. PERSONNEL·Part 3. PART 3. PUBLIC EMPLOYEES' RETIREMENT SYSTEM·Ch. 13. CHAPTER 13. Retirement Benefits·Art. 3. ARTICLE 3. Cost-of-Living Adjustments
Notwithstanding anything to the contrary in this article, the monthly allowance for service credited under the Second Tier shall be adjusted annually beginning with the second calendar year following retirement for time commencing on April 1 and payable on the first day of May. The adjusted monthly allowance shall be equal to the base allowance increased by 3 percent per year compounded for the number of years intervening between the end of the base year and the beginning of the calendar year in which the adjustment is made.
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California § 21330. (21330. (Repealed and added by Stats. 1995, Ch. 379, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Repealed and added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.