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A BILL TO BE ENTITLED
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AN ACT
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relating to benefits payable by the Judicial Retirement System of |
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Texas Plan Two. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 839.102(f), Government Code, is amended |
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to read as follows: |
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(f) The service retirement annuity of a member qualifying |
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for retirement under Section 839.101(a)(4) is the applicable state |
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salary under Subsection (a) multiplied by a percentage amount that |
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is the sum of 50 percent plus the product of two three percent |
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multiplied by the number of years of subsequent service credit the |
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member accrues under Section 840.1027. After including any |
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increase under Subsection (b), the service retirement annuity under |
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this subsection may not be an amount that is greater than 80 percent |
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of the applicable salary under Subsection (a). |
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SECTION 2 This Act takes effect September 1, 2007. |