By Wentworth                                           S.B. No. 838
         76R8267 GCH-F                           
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to service credit in the Judicial Retirement System of
 1-3     Texas Plan One or the Judicial Retirement System of Texas Plan Two.
 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1.  Subchapter B, Chapter 833, Government Code, is
 1-6     amended by adding Section 833.106 to read as follows:
 1-7           Sec. 833.106.  CREDIT FOR YEAR IN WHICH ELIGIBLE FOR OFFICE.
 1-8     (a)  A contributing member may establish service credit in the
 1-9     retirement  system for any calendar year during any part of which
1-10     the member held an office included in the membership of the system.
1-11           (b)  A member may establish credit under this section by
1-12     depositing with the retirement system a contribution computed for
1-13     each month of credit claimed at the rate of six percent of the
1-14     member's current monthly compensation, plus, if the member does not
1-15     establish the credit before the first anniversary of the date of
1-16     first eligibility, interest computed on the basis of the state
1-17     fiscal year at an annual rate of 10 percent from the date of first
1-18     eligibility to the date of deposit.
1-19           SECTION 2.  Subchapter B, Chapter 838, Government Code, is
1-20     amended by adding Section 838.106 to read as follows:
1-21           Sec. 838.106.  CREDIT FOR YEAR IN WHICH ELIGIBLE FOR OFFICE.
1-22     (a)  A contributing member may establish service credit in the
1-23     retirement system for any calendar year during any part of which
1-24     the member held an office included in the membership of the system.
 2-1           (b)  A member may establish credit under this section by
 2-2     depositing with the retirement system a contribution computed for
 2-3     each month of credit claimed at the rate of six percent of the
 2-4     member's current monthly compensation, plus, if the member does not
 2-5     establish the credit before the first anniversary of the date of
 2-6     first eligibility, interest computed on the basis of the state
 2-7     fiscal year at an annual rate of 10 percent from the date of first
 2-8     eligibility to the date of deposit.
 2-9           SECTION 3.  This Act takes effect September 1, 1999.