CA AB1601

Authorizes Sonoma County Board of Supervisors to grant annual cost-of-living adjustments (COLAs) to retirement allowances, optional death allowances, and annual death allowances payable by the county retirement system

Requires the Board of Supervisors to collaborate with the retirement board before authorizing any COLA to identify eligible recipients, the adjustment amount, and funding source

Mandates an actuarial impact statement prepared by an enrolled actuary before any adjustment is authorized

Allows targeting COLAs to retirees whose accumulated loss of purchasing power exceeds a threshold set by the Board of Supervisors, calculated using the Consumer Price Index for All Urban Consumers

Applies exclusively to Sonoma County (classified as a 19th class county) as a special statute due to the county's unique circumstances