384a

The System is hereby directed, as of the first of January of 1992, and every three (3) years subsequently, to adjust by three percent (3%) all the annuities in effect as of January 1 of the year of the increase and which have been received for at least three (3) years prior to the date of the increase. If in any given year the System only has reserves for twenty-four (24) months or less, no increase may be granted in the pensions. History —Sept. 4, 1992, No. 62, § 3.