Section 75523 Of Article 2. Early Retirement And Normal Retirement From California Government Code >> Title 8. >> Chapter 11.5. >> Article 2.
75523
. (a) The retirement allowance of retired judges who have
elected to receive a monthly allowance under subdivision (d) of
Section 75522 or who have retired for disability and are receiving an
allowance under Section 75560.4 shall be adjusted effective in
January of each year after a judge has been retired under this
chapter for more than six months, to reflect any increase in the cost
of living occurring after January 1 of the immediately preceding
fiscal year. The United States city average of the "Consumer Price
Index for all Urban Consumers," as published by the United States
Bureau of Statistics, shall be used as the basis for determining
changes in the cost of living.
(b) No adjustment shall be made unless the cost-of-living increase
equals or exceeds 1 percent. The allowance shall not be increased
more than 3 percent in a single year. Increases shall be compounded.
(c) The allowance shall not be decreased as a result of the
cost-of-living adjustment.
(d) The board shall provide, by rule, any details needed for the
implementation of this section.