By: Martinez Fischer H.B. No. 3026
A BILL TO BE ENTITLED
AN ACT
relating to contributions to, and benefits payable by, 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 Subsection (c) to read as follows:
(c) The retirement system shall increase by two percent of
the amount of the applicable state salary on which an annuity is
based under Subsection (a) for each year of service credit in excess
of 20 years performed by a member who has made an election under
Section 835.101(c). The resulting annuity may include a
computation under Subsection (b) but may not exceed 80 percent of
the salary described by Subsection (a).
SECTION 2. Section 835.101(c), Government Code, is amended
to read as follows:
(c) A member who accrues 20 years of service credit in the
retirement system ceases making contributions under this section,
unless the member elects, on a form the retirement system
prescribes, to continue making contributions for the member's
entire period of service. An election under this subsection is
irrevocable.
SECTION 3. Section 839.102, Government Code, is amended by
adding Subsection (d) to read as follows:
(d) The retirement system shall increase by two percent of
the amount of the applicable state salary on which an annuity is
based under Subsection (a) for each year of service credit in excess
of 20 years performed by a member who has made an election under
Section 840.102(g). The resulting annuity may include a
computation under Subsection (b) but may not exceed 80 percent of
the salary described by Subsection (a).
SECTION 4. Section 840.102(g), Government Code, is amended
to read as follows:
(g) A member who accrues 20 years of service credit in the
retirement system ceases making contributions under this section,
unless the member elects, on a form the retirement system
prescribes, to continue making contributions for the member's
entire period of service. An election under this subsection is
irrevocable. A member who makes an election under this subsection
[but] is considered a contributing member for all other purposes
under this subtitle.
SECTION 5. This Act takes effect September 1, 2003, and
applies only to judicial service performed on or after that date.