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CA AB1542
Bill
Status
Introduced
1/25/2012
Primary Sponsor
Allan Mansoor
Click for details
AI Summary
- Adds Section 31870.8 to the Government Code restricting cost-of-living adjustments for Orange County Employees Retirement System members who first join on or after January 1, 2012
- Members must wait at least 12 months after retirement before receiving any annual cost-of-living increase, and can only receive adjustments based on the preceding 12 months
- Provisions only become operative if the Orange County Board of Supervisors adopts a resolution by majority vote making them applicable in the county
- Applies only to the portion of retirement allowances attributable to Orange County service, not to service with other districts or entities
- Effective for members who retire on or after the date the Board of Supervisors resolution is adopted
Legislative Description
County employees retirement: cost-of-living adjustments.
Last Action
From committee without further action pursuant to Joint Rule 62(a).
7/5/2012
Committee Referrals
Public Employees, Retirement and Social Security2/2/2012
Full Bill Text
No bill text available