79R4331 DLF-D

By:  Nixon                                                        H.B. No. 939



A BILL TO BE ENTITLED

AN ACT

relating to benefits payable by the Judicial Retirement System of 
Texas Plan Two.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Sections 839.102(a) and (c), Government Code, 
are amended to read as follows:
	(a)  Except as provided by Subsections (b) and (c), the 
standard service retirement annuity is an amount equal to 50 
percent of the state salary, as adjusted from time to time, 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.
	(c)  The standard service retirement annuity of a person 
qualifying for retirement under Section 839.101(b) is an amount 
computed as a percentage of the state salary, as adjusted from time 
to time, 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, according to the 
following schedule:  age at retirement                        percentage of state salary               
   at least 60 but less than 61             40percent                                
at least 61 but less than 62             41.7 percent                             
at least 62 but less than 63             43.6 percent                             
at least 63 but less than 64             45.6 percent                             
 at least 64 but less than 65              47.7 percent.                           

	SECTION 2.  The change in law made by this Act applies only 
to an annuity payment that becomes due on or after the effective 
date of this Act.
	SECTION 3.  This Act takes effect September 1, 2005.