By: Brown S.B. No. 1130
2001S0686/1
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to benefits payable by the Judicial Retirement System of
1-3 Texas Plan Two.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Subsections (a) and (c), Section 839.102,
1-6 Government Code, are amended to read as follows:
1-7 (a) Except as provided by Subsections (b) and (c), the
1-8 standard service retirement annuity is an amount equal to 50
1-9 percent of the state salary, as adjusted from time to time, being
1-10 paid [at the time the member retires] to a judge of a court of the
1-11 same classification as the last court to which the retiring member
1-12 was elected or appointed.
1-13 (c) The standard service retirement annuity of a person
1-14 qualifying for retirement under Section 839.101(b) is an amount
1-15 computed as a percentage of the state salary, as adjusted from time
1-16 to time, being paid [at the time the member retires] to a judge of
1-17 a court of the same classification as the last court to which the
1-18 retiring member was elected or appointed, according to the
1-19 following schedule:
1-20 age at retirement percentage of state salary
1-21 at least 60 but less than 61 40 percent
1-22 at least 61 but less than 62 41.7 percent
1-23 at least 62 but less than 63 43.6 percent
1-24 at least 63 but less than 64 45.6 percent
1-25 at least 64 but less than 65 47.7 percent.
2-1 SECTION 2. (a) This Act takes effect September 1, 2001,
2-2 except as provided by Subsection (b) of this section.
2-3 (b) Section 1 of this Act takes effect September 1, 2003, if
2-4 the comptroller of public accounts of the State of Texas
2-5 determines, after consultation with the actuary for the Employees
2-6 Retirement System of Texas, that implementation of the change in
2-7 law made by Section 1 of this Act would not necessitate additional
2-8 state contributions for the Judicial Retirement System of Texas
2-9 Plan Two to remain in compliance with Section 840.106, Government
2-10 Code. The comptroller may also make the determination earlier, in
2-11 which case the effective date of Section 1 of this Act is the date
2-12 of the earlier determination. If the comptroller makes a
2-13 determination under this subsection, the comptroller shall file
2-14 notice of the determination with the secretary of state for
2-15 publication in the Texas Register.
2-16 (c) The change in law made by Section 1 of this Act to
2-17 Section 839.102, Government Code, applies to all annuities that
2-18 become payable under Subtitle E, Title 8, Government Code, on or
2-19 after the effective date of Section 1 of this Act.