Amend CSHB 617 by inserting the following appropriately
numbered SECTIONS and renumbering the subsequent SECTIONS of the
bill appropriately:
(1) SECTION 2. Subchapter B, Chapter 840, Government Code,
is amended by adding Section 840.1027 to read as follows:
Sec. 840.1027. CONTRIBUTIONS AFTER ATTAINING RULE OF 70.
(a) Notwithstanding Section 840.102(h), a judicial officer who is
a member of the retirement system and who has served at least 12
years on an appellate court and the sum of the member's age and
amount of service credited in the retirement system equals or
exceeds the number 70 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 contribute six percent of the member's state
compensation for each payroll period in the manner provided by
Sections 840.102(b)-(f). Section 840.105 does not apply to a
contribution under this section.
(c) A member may not make contributions under this section
for more than 10 years of subsequent service credit that the member
accrues.
(2) SECTION 3. Subchapter B, Chapter 839, Government Code,
is amended by amending Subsection 839.102(a) and adding Subsection
839.102(f) to read as follows:
(a) Except as provided by Subsections (b), [and] (c), and
(f), 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.
(f) The service retirement annuity of a member qualifying
for retirement under Section 839.101(a)(4) is the applicable state
salary under Subsection (a) multiplied by a percentage amount that
is the sum of 50 percent plus the product of two percent multiplied
by the number of years of subsequent service credit the member
accrues under Section 840.1027. After including any increase under
Subsection (b), the service retirement annuity under this
subsection may not be an amount that is greater than 80 percent of
the applicable salary under Subsection (a).