79R4824 DLF-D
By: Nixon H.B. No. 1114
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 Two.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 839.102, Government Code, is amended by
amending Subsection (a) and adding Subsection (d) 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 two percent multiplied
by the number of years of subsequent service credit the member
accrues under Section 840.1025(a). 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).
SECTION 2. 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 3. 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 judicial officer who is a member of the retirement
system and 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 contribute two 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.
SECTION 4. This Act takes effect September 1, 2005.