County employees’ retirement: cost-of-living adjustments.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Enrolled
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill allows Sonoma County’s county board of supervisors to authorize cost-of-living adjustments to retirement benefits for eligible retirees, survivors, and beneficiaries within the county’s retirement system. Before doing so, the board must collaborate with the retirement board to determine the eligible recipients, the amount of the adjustment, and the funding source. The adjustment would be based on the Consumer Price Index and would be subject to an actuarial impact analysis. This legislation is specifically for Sonoma County, a county of the 19th class.
Key provisions
- Sonoma County’s board of supervisors can authorize cost-of-living adjustments to retirement benefits.
- The board must collaborate with the retirement board to identify eligible recipients.
- The adjustment amount is based on the Consumer Price Index.
- An actuarial impact analysis must be conducted before authorization.
- The adjustment becomes part of the existing retirement allowance.
- The adjustment does not create a continuing entitlement to future increases.
- The legislation applies only to Sonoma County (a county of the 19th class).
- A statement of the actuarial impact upon future annual costs must be provided.
Who is affected
- County retirees
- Retirement system beneficiaries
- Retirement system survivors
- Sonoma County residents
Notable changes
Bill text
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Sponsors
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1 on record
Primary sponsor
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