|
|
|
A BILL TO BE ENTITLED
|
|
AN ACT
|
|
relating to service creditable in the Judicial Retirement System of |
|
Texas Plan Two. |
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
SECTION 1. Subchapter B, Chapter 838, Government Code, is |
|
amended by adding Section 838.1045 to read as follows: |
|
Sec. 838.1045. SERVICE ON COUNTY COURT AT LAW OR AS JUSTICE |
|
OF THE PEACE. (a) An eligible member may establish equivalent |
|
membership service credit in the retirement system for service |
|
performed as judge of a county court at law or as a justice of the |
|
peace. |
|
(b) A member may establish credit under this section by |
|
depositing with the retirement system a contribution in an amount, |
|
except as provided by Subsection (e), computed at the rate of six |
|
percent of the state salary of a district judge for the member's |
|
full tenure on the county court at law or as a justice of the peace, |
|
plus interest computed at the rate of interest credited to a |
|
person's account in the Texas County and District Retirement System |
|
for the period of the service or, for service performed before |
|
January 1, 1968, at the rate of six percent a calendar year. |
|
(c) A member who establishes credit under this section |
|
forfeits all rights to benefits based on the claimed service in the |
|
Texas County and District Retirement System, except rights to |
|
benefits based on the amount paid by the county for the service that |
|
exceeds the amount of state salary that would have been paid for the |
|
service. |
|
(d) The Texas County and District Retirement System shall |
|
transfer to the retirement system the amount credited to the |
|
member's account, whether contributed by the member or the member's |
|
employer, plus accumulated interest, except any amount |
|
representing contributions or interest on salary that exceeds the |
|
state salary that would have been paid for the service. |
|
(e) The retirement system shall credit the amount |
|
transferred by the Texas County and District Retirement System |
|
against the member's required payment under this section. If the |
|
total of the amount transferred and the amount paid by the member |
|
exceeds the amount required by this section, the retirement system |
|
shall leave the excess in the retirement system trust fund. |
|
(f) The amount of contributions credited in the retirement |
|
system to a member who establishes credit under this section is the |
|
amount that the member would have contributed to the retirement |
|
system, the Judicial Retirement System of Texas, or the Judicial |
|
Retirement System of Texas Plan One as a district judge at the time |
|
the service was performed. |
|
SECTION 2. The change in law made by this Act applies only |
|
to the years of service creditable for retirement benefits of a |
|
member of the Judicial Retirement System of Texas Plan Two who |
|
retires on or after the effective date of this Act. The years of |
|
service creditable for retirement benefits of a member who retires |
|
before the effective date of this Act is governed by the law in |
|
effect on the effective date of the retirement, and that law is |
|
continued in effect for that purpose. |
|
SECTION 3. This Act takes effect September 1, 2009. |