California AB1601 allows county boards of supervisors to authorize annual cost-of-living adjustments for retirement allowances.

California AB1601 adds a section to the Government Code, enabling county boards of supervisors to authorize annual cost-of-living adjustments for retirement allowances, optional death allowances, or annual death allowances. This action can specify an effective date, defaulting to the first day of the month following the board's action. The board must collaborate with the retirement board to identify eligible recipients, the adjustment amount, and the funding source. This provision applies only to counties of the 19th class.

California AB1601 allows county boards of supervisors to authorize annual cost-of-living adjustments for retirement allowances.

California AB1601 adds a section to the Government Code, enabling county boards of supervisors to authorize annual cost-of-living adjustments for retirement allowances, optional death allowances, or annual death allowances. This action can specify an effective date, defaulting to the first day of the month following the board's action. The board must collaborate with the retirement board to identify eligible recipients, the adjustment amount, and the funding source. This provision applies only to counties of the 19th class.