By Tillery H.B. No. 2464
77R6467 GJH-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the Judicial Retirement System of Texas Plan One and
1-3 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 member who has not retired may establish service credit in
1-9 the retirement system for any calendar year during which the
1-10 member:
1-11 (1) held an office included in the membership of the
1-12 retirement system; or
1-13 (2) was eligible to take the oath for an office
1-14 included in the membership of the retirement system.
1-15 (b) A member may establish credit under this section by
1-16 depositing with the retirement system a contribution computed for
1-17 each month of credit claimed at the rate of six percent of the
1-18 member's current monthly salary, plus, if the member does not
1-19 establish credit before the first anniversary of the date of first
1-20 eligibility, interest computed on the basis of the state fiscal
1-21 year at an annual rate of 10 percent from the date of first
1-22 eligibility to the date of deposit.
1-23 SECTION 2. Section 835.101, Government Code, is amended by
1-24 amending Subsection (a) and adding Subsection (c) to read as
2-1 follows:
2-2 (a) Except as provided by Subsection (c), each [Each] month
2-3 the payroll officer responsible for paying the state compensation
2-4 of a judicial officer who is a member of the retirement system
2-5 shall deduct from the state compensation of the judicial officer a
2-6 contribution computed at the rate required of a member of the
2-7 employee class of the Employees Retirement System of Texas.
2-8 (c) A member who accrues 20 years of service credit in the
2-9 retirement system ceases making contributions under this section.
2-10 SECTION 3. Subchapter B, Chapter 838, Government Code, is
2-11 amended by adding Section 838.106 to read as follows:
2-12 Sec. 838.106. CREDIT FOR YEAR IN WHICH ELIGIBLE FOR OFFICE.
2-13 (a) A contributing member may establish service credit in the
2-14 retirement system for any calendar year during which the member:
2-15 (1) held an office included in the membership of the
2-16 retirement system; or
2-17 (2) was eligible to take the oath for an office
2-18 included in the membership of the retirement system.
2-19 (b) A member may establish credit under this section by
2-20 depositing with the retirement system a contribution computed for
2-21 each month of credit claimed at the rate of six percent of the
2-22 member's current monthly salary, plus, if the member does not
2-23 establish credit before the first anniversary of the date of first
2-24 eligibility, interest computed on the basis of the state fiscal
2-25 year at an annual rate of 10 percent from the date of first
2-26 eligibility to the date of deposit.
2-27 SECTION 4. Section 839.102, Government Code, is amended to
3-1 read as follows:
3-2 Sec. 839.102. SERVICE RETIREMENT ANNUITY. (a) Except as
3-3 provided by Subsections (b) and (c), the standard service
3-4 retirement annuity is an amount equal to 50 percent of the state
3-5 salary, as adjusted from time to time, being paid [at the time the
3-6 member retires] to a judge of a court of the same classification as
3-7 the last court to which the retiring member was elected or
3-8 appointed.
3-9 (b) The retirement system shall increase by 10 percent of
3-10 the amount of the applicable state salary under Subsection (a) or
3-11 (c) the annuity of a member who on the effective date of
3-12 retirement:
3-13 (1) has not been out of judicial office for more than
3-14 one year; or
3-15 (2) has served as a visiting judge in this state and
3-16 the first anniversary of the last day of that service has not
3-17 occurred.
3-18 (c) The standard service retirement annuity of a person
3-19 qualifying for retirement under Section 839.101(b) is an amount
3-20 computed as a percentage of the state salary, as adjusted from time
3-21 to time, being paid [at the time the member retires] to a judge of
3-22 a court of the same classification as the last court to which the
3-23 retiring member was elected or appointed, according to the
3-24 following schedule:
3-25 age at retirement percentage of state salary
3-26 at least 60 but less than 61 40 percent
3-27 at least 61 but less than 62 41.7 percent
4-1 at least 62 but less than 63 43.6 percent
4-2 at least 63 but less than 64 45.6 percent
4-3 at least 64 but less than 65 47.7 percent.
4-4 SECTION 5. This Act takes effect September 1, 2001.