By: Wentworth S.B. No. 838
A BILL TO BE ENTITLED
AN ACT
1-1 relating to service credit in 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. Subchapter B, Chapter 838, Government Code, is
1-5 amended by adding Section 838.106 to read as follows:
1-6 Sec. 838.106. CREDIT FOR YEAR IN WHICH ELIGIBLE FOR OFFICE.
1-7 (a) A contributing member may establish service credit in the
1-8 retirement system for any calendar year during any part of which
1-9 the member held an office included in the membership of the system.
1-10 (b) A member may establish credit under this section by
1-11 depositing with the retirement system a contribution computed for
1-12 each month of credit claimed at the rate of six percent of the
1-13 member's current monthly compensation, plus, if the member does not
1-14 establish the credit before the first anniversary of the date of
1-15 first eligibility, interest computed on the basis of the state
1-16 fiscal year at an annual rate of 10 percent from the date of first
1-17 eligibility to the date of deposit.
1-18 SECTION 2. This Act takes effect September 1, 1999.
1-19 SECTION 3. The importance of this legislation and the
1-20 crowded condition of the calendars in both houses create an
1-21 emergency and an imperative public necessity that the
1-22 constitutional rule requiring bills to be read on three several
1-23 days in each house be suspended, and this rule is hereby suspended.