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.