When computing the retirement allowance of a Member who serves in
the Legislature during the term commencing in 1967 or later,
allowance may be made for increases in cost of living if so provided
by statute, but only with respect to increases in the cost of living
occurring after retirement of the Member. However, the Legislature
may provide that no Member shall be deprived of a cost of living
adjustment based on a monthly salary of five hundred dollars ($500)
which has accrued prior to the commencement of the 1967 Regular
Session of the Legislature.
Structure California constitution