By: Brown S.B. No. 82
A BILL TO BE ENTITLED
AN ACT
1-1 relating to benefits payable by the Judicial Retirement System of
1-2 Texas Plan Two.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Subsections (a) and (c), Section 839.102,
1-5 Government Code, are amended to read as follows:
1-6 (a) Except as provided by Subsections (b) and (c), the
1-7 standard service retirement annuity is an amount equal to 50
1-8 percent of the state salary, as adjusted from time to time, being
1-9 paid [at the time the member retires] to a judge of a court of the
1-10 same classification as the last court to which the retiring member
1-11 was elected or appointed.
1-12 (c) The standard service retirement annuity of a person
1-13 qualifying for retirement under Section 839.101(b) is an amount
1-14 computed as a percentage of the state salary, as adjusted from time
1-15 to time, being paid [at the time the member retires] to a judge of
1-16 a court of the same classification as the last court to which the
1-17 retiring member was elected or appointed, according to the
1-18 following schedule:
1-19 age at retirement percentage of state salary
1-20 at least 60 but less than 61 40 percent
1-21 at least 61 but less than 62 41.7 percent
1-22 at least 62 but less than 63 43.6 percent
1-23 at least 63 but less than 64 45.6 percent
1-24 at least 64 but less than 65 47.7 percent.
2-1 SECTION 2. (a) This Act takes effect September 1, 2001, if
2-2 the comptroller of public accounts of the State of Texas
2-3 determines, after consultation with the actuary for the Employees
2-4 Retirement System of Texas, that implementation of the change in
2-5 law made by this Act would not necessitate additional state
2-6 contributions for the Judicial Retirement System of Texas Plan Two
2-7 to remain in compliance with Section 840.106, Government Code. The
2-8 comptroller may also make the determination earlier, in which case
2-9 the effective date of this Act is the date of the earlier
2-10 determination. If the comptroller makes a determination under this
2-11 subsection, the comptroller shall file notice of the determination
2-12 with the secretary of state for publication in the Texas Register.
2-13 (b) The change in law made by this Act to Section 839.102,
2-14 Government Code, applies to all annuities that become payable under
2-15 Subtitle E, Title 8, Government Code, on or after the effective
2-16 date of this Act.
2-17 SECTION 3. The importance of this legislation and the
2-18 crowded condition of the calendars in both houses create an
2-19 emergency and an imperative public necessity that the
2-20 constitutional rule requiring bills to be read on three several
2-21 days in each house be suspended, and this rule is hereby suspended.