Bill Text: TX HB390 | 2011-2012 | 82nd Legislature | Introduced
Bill Title: Relating to the service retirement annuity for appellate judges under the Judicial Retirement System Plan Two.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2011-04-19 - Left pending in committee [HB390 Detail]
Download: Texas-2011-HB390-Introduced.html
82R2296 TJS-D | ||
By: Gonzales of Hidalgo | H.B. No. 390 |
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relating to the service retirement annuity for appellate judges | ||
under the Judicial Retirement System 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 (f) and adding Subsection (g) to read as | ||
follows: | ||
(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 percent multiplied | ||
by the number of years of prior service credit under Subsection (g) | ||
and 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 percent of the applicable salary | ||
under Subsection (a). | ||
(g) For purposes of Subsection (f), a member's prior service | ||
credit is the amount of service credit that the member earned in the | ||
retirement system prior to serving on an appellate court that is in | ||
excess of the amount of service credit that the member requires to | ||
be eligible to retire and receive a service retirement annuity | ||
under Section 839.101(a)(4). | ||
SECTION 2. The change in law made by this Act applies only | ||
to a person who retires on or after the effective date of this Act. | ||
The change in law does not apply to a person who retired before the | ||
effective date of this Act. | ||
SECTION 3. This Act takes effect September 1, 2011. |