(a) Each annuity which became effective before July 1, 1975, shall be adjusted on July 1, 1975. Such adjustment shall be added to and become a part of the annual annuity. The amount of adjustment shall be:
(1) For retirees, twenty-five dollars ($25.00) for each full year between the date of retirement and July 1, 1975; and
(2) For beneficiaries, twelve dollars and fifty cents ($12.50) for each year or fraction of a year between the date of retirement and July 1, 1980.
(b) Each allowance which became effective before July 1, 1980, shall be adjusted on July 1, 1980. Such adjustment shall be added to and become a part of the annual allowance. The amount of the adjustment shall be:
(1) For retirees, twenty-five dollars ($25.00) for each year or fraction of a year between the date of retirement and July 1, 1980; and
(2) For beneficiaries, twelve dollars and fifty cents ($12.50) for each year or fraction of a year between the date of retirement and July 1, 1980.
(c) Each allowance which became effective before July 1, 1982, shall be increased by fifty dollars ($50.00) annually, or twenty-five dollars ($25.00) annually in case of a beneficiary, for each year or fraction of a year between the date of retirement and July 1, 1982.
(Res. 88-388. Passed 5-23-88.)