2015 April

California (San Francisco) — Reduced COLAs

Posted by StuartBuck in California on April 9, 2015 with Comments Off on California (San Francisco) — Reduced COLAs

Law:

Proposition C  (November 2011)

Type of reform:

Proposition C (Nov. 8, 2011) amended the San Francisco Charter through section A8.526-3(d) to condition the payment of the supplemental COLA to retirees (first enacted in 1996) on the city’s retirement fund being fully funded based on a market value of assets for the previous year.

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