By Longoria H.B. No. 464
77R955 SMJ-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to eligibility for service retirement from the Judicial
1-3 Retirement System of Texas Plan One or the Judicial Retirement
1-4 System of Texas Plan Two.
1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-6 SECTION 1. Section 834.101, Government Code, is amended to
1-7 read as follows:
1-8 Sec. 834.101. ELIGIBILITY FOR SERVICE RETIREMENT ANNUITY.
1-9 (a) A member is eligible to retire and receive a base service
1-10 retirement annuity if:
1-11 (1) the member:
1-12 (A) [(1)] is at least 65 years old[, currently
1-13 holds a judicial office,] and has at least eight [10] years of
1-14 service credited in the retirement system;
1-15 [(2) is at least 65 years old and has at least 12
1-16 years of service credited in the retirement system, regardless of
1-17 whether the member currently holds a judicial office;] or
1-18 (B) [(3)] has at least 18 [20] years of service
1-19 credited in the retirement system; or
1-20 (2) the sum of the member's age and service credit
1-21 equals or exceeds the number 75 [, regardless of whether the member
1-22 currently holds a judicial office].
1-23 (b) A member who meets service requirements provided by
1-24 Subsection (a)(1)(A) [or (a)(2)] is eligible to retire and receive
2-1 a service retirement annuity actuarially reduced as provided by
2-2 Section 834.102(d) from the standard service retirement annuity, if
2-3 the member is at least 60 years old.
2-4 (c) A member's resignation from a judicial office before
2-5 applying for an annuity does not make the member ineligible for the
2-6 annuity [unless the member applies for an annuity under Subsection
2-7 (a)(1)].
2-8 SECTION 2. Section 834.301(a), Government Code, is amended to
2-9 read as follows:
2-10 (a) A member who has at least eight [10] years of service
2-11 credit in the retirement system may select a death benefit plan for
2-12 the payment, if the member dies before retirement, of a death
2-13 benefit annuity to one or more persons designated by the member.
2-14 Death benefit annuities available for selection by a member
2-15 described in this subsection are the optional annuities provided by
2-16 Sections 814.108(c)(1) and (c)(4).
2-17 SECTION 3. Section 839.101, Government Code, is amended to
2-18 read as follows:
2-19 Sec. 839.101. ELIGIBILITY FOR SERVICE RETIREMENT ANNUITY.
2-20 (a) A member is eligible to retire and receive a service
2-21 retirement annuity if:
2-22 (1) the member:
2-23 (A) [(1)] is at least 65 years old[, currently
2-24 holds a judicial office,] and has at least eight [10] years of
2-25 service credited in the retirement system;
2-26 [(2) is at least 65 years old and has at least 12
2-27 years of service credited in the retirement system, regardless of
3-1 whether the member currently holds a judicial office;] or
3-2 (B) [(3)] has at least 18 [20] years of service
3-3 credited in the retirement system; or
3-4 (2) the sum of the member's age and service credit
3-5 equals or exceeds the number 75 [, regardless of whether the member
3-6 currently holds a judicial office].
3-7 (b) A member who meets service requirements provided by
3-8 Subsection (a)(1)(A) [or (a)(2)] is eligible to retire and receive
3-9 a service retirement annuity actuarially reduced as provided by
3-10 Section 839.102(c) from the standard service retirement annuity, if
3-11 the member is at least 60 years old.
3-12 (c) A member's resignation from a judicial office before
3-13 applying for an annuity does not make the member ineligible for the
3-14 annuity [unless the member applies for an annuity under Subsection
3-15 (a)(1)].
3-16 SECTION 4. Section 839.301(b), Government Code, is amended to
3-17 read as follows:
3-18 (b) A member eligible to select a death benefit plan is one
3-19 who is a member and has at least eight [10] years of service credit
3-20 in the retirement system.
3-21 SECTION 5. This Act takes effect September 1, 2001.