By: Wentworth  S.B. No. 1298
         (In the Senate - Filed March 7, 2007; March 19, 2007, read
  first time and referred to Committee on State Affairs;
  April 30, 2007, reported adversely, with favorable Committee
  Substitute by the following vote:  Yeas 9, Nays 0; April 30, 2007,
  sent to printer.)
 
  COMMITTEE SUBSTITUTE FOR S.B. No. 1298 By:  Duncan
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to the service retirement annuity of certain members of
  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.  Subsection (c), Section 834.102, Government
  Code, is amended to read as follows:
         (c)  The service retirement annuity of a member qualifying
  for retirement under Section 834.101(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 2.3 [two] percent
  multiplied by the number of years of subsequent service credit the
  member accrues under Section 835.1015(a). After including any
  increase under Subsection (b), the service retirement annuity under
  this subsection may not be an amount that is greater than 90 [80]
  percent of the applicable salary under Subsection (a).
         SECTION 2.  Subsections (d) and (f), Section 839.102,
  Government Code, are amended to read as follows:
         (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 2.3 [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 90 [80]
  percent of the applicable salary under Subsection (a).
         (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 2.3 [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 90 [80]
  percent of the applicable salary under Subsection (a).
         SECTION 3.  The changes in law made by this Act apply only to
  a member of the Judicial Retirement System of Texas Plan One or the
  Judicial Retirement System of Texas Plan Two who retires on or after
  the effective date of this Act.  A member who retires before the
  effective date of this Act is governed by the law in effect
  immediately before that date, and the former law is continued in
  effect for that purpose.
         SECTION 4.  This Act takes effect September 1, 2007.
 
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