78R6422 SMJ-D
By: Hartnett H.B. No. 2753
A BILL TO BE ENTITLED
AN ACT
relating to contributions by and benefits for certain members and
retirees under the Judicial Retirement System of Texas Plan One and
the Judicial Retirement System of Texas Plan Two.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 834.102, Government Code, is amended by
adding Subsections (c) and (e) to read as follows:
(c) The service retirement annuity of a member qualifying
for retirement under Section 834.101(a) is the applicable state
salary under Subsection (a), multiplied by a percentage amount that
is the sum of 50 percent plus the product of three percent
multiplied by the number of years of subsequent service credit the
member accrues under Section 835.1015(a).
(e) After including any increase under Subsection (b), the
service retirement annuity under Subsection (c) may not be an
amount that is greater than 81 percent of the applicable salary
under Subsection (a).
SECTION 2. Section 835.101(c), Government Code, is amended
to read as follows:
(c) Except as provided by Section 835.1015, a [A] member who
accrues 20 years of service credit in the retirement system ceases
making contributions under this section.
SECTION 3. Subchapter B, Chapter 835, Government Code, is
amended by adding Section 835.1015 to read as follows:
Sec. 835.1015. CONTRIBUTIONS AFTER 20 YEARS OF SERVICE
CREDIT. (a) A member who accrues 20 years of service credit in the
retirement system may elect to make contributions for each
subsequent year of service credit that the member accrues by filing
an application with the retirement system.
(b) A member who elects to make contributions under
Subsection (a) shall make the contributions in the amount and
manner provided by Sections 835.101(a) and (b).
(c) A member who holds a judicial office on September 1,
2003, may make the election under Subsection (a) only if the member
holds the same judicial office on September 1, 2005, and is
otherwise eligible to make the election.
SECTION 4. Section 839.102, Government Code, is amended by
amending Subsection (a) and adding Subsections (d) and (e) to read
as follows:
(a) Except as provided by Subsections (b), [and] (c), and
(d), the standard service retirement annuity is an amount equal to
50 percent of the state salary being paid at the time the member
retires to a judge of a court of the same classification as the last
court to which the retiring member was elected or appointed.
(d) The service retirement annuity of a member qualifying
for retirement under Section 839.101(a) is the applicable state
salary under Subsection (a), multiplied by a percentage amount that
is the sum of 50 percent plus the product of three percent
multiplied by the number of subsequent years of service credit the
member accrues under Section 840.1025(a).
(e) After including any increase under Subsection (b), the
service retirement annuity under Subsection (c) may not be an
amount that is greater than 81 percent of the applicable salary
under Subsection (a).
SECTION 5. Section 840.102(g), Government Code, is amended
to read as follows:
(g) Except as provided by Section 840.1025, a [A] member who
accrues 20 years of service credit in the retirement system ceases
making contributions under this section but is considered a
contributing member for all other purposes under this subtitle.
SECTION 6. Subchapter B, Chapter 840, Government Code, is
amended by adding Section 840.1025 to read as follows:
Sec. 840.1025. CONTRIBUTIONS AFTER 20 YEARS OF SERVICE
CREDIT. (a) A member who accrues 20 years of service credit in the
retirement system may elect to make contributions for each
subsequent year of service credit that the member accrues by filing
an application with the retirement system.
(b) A member who elects to make contributions under
Subsection (a) shall make the contributions in the amount and
manner provided by Sections 840.102(a)-(f). Section 840.105 does
not apply to a contribution under this section.
(c) A member who holds a judicial office on September 1,
2003, may make the election under Subsection (a) only if the member
holds the same judicial office on September 1, 2005, and is
otherwise eligible to make the election.
SECTION 7. This Act takes effect September 1, 2003.