TO: | Honorable Will Hartnett, Chair, House Committee on Judiciary |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | SB1519 by Wentworth (Relating to longevity pay for certain state judges and justices.), As Engrossed |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2008 | ($403,200) |
2009 | ($403,200) |
2010 | ($403,200) |
2011 | ($403,200) |
2012 | ($403,200) |
Fiscal Year | Probable Revenue Gain/(Loss) from GENERAL REVENUE FUND 1 |
---|---|
2008 | ($403,200) |
2009 | ($403,200) |
2010 | ($403,200) |
2011 | ($403,200) |
2012 | ($403,200) |
The number of eligible judges is estimated to be 109, and to not increase over time; as additional judges meet the service requirement an equal number are assumed to retire. Eligible judges would receive $3,840 per year for 16 years of service and over.
This analysis assumes no additional Fund 573 money would be available to pay for this benefit, so the costs would be borne solely by General Revenue
Source Agencies: | 327 Employees Retirement System
|
LBB Staff: | JOB, MN, WM
|