A. The monthly allowance paid with respect to a person retired or a member who died during the period of January 1, 1971, to June 30, 1971, inclusive, shall be adjusted by a five percent increase, to be paid from the surplus in the fund.

B. Such percentage shall be applied to the allowance payable on the operative date of this section and the increased allowance shall be paid for time on and after that date. (Prior code § 5.38.187)