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AN ACT
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relating to the service retirement annuity of certain members of |
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the Judicial Retirement System of Texas Plan One and the Judicial |
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Retirement System of 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 834.102(c), Government Code, is amended |
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to read as follows: |
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(c) The service retirement annuity of a member qualifying |
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for retirement under Section 834.101(a) 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 2.3 [two] percent |
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multiplied by the number of years of subsequent service credit the |
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member accrues under Section 835.1015(a). 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 90 [80] |
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percent of the applicable salary under Subsection (a). |
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SECTION 2. Sections 839.102(d) and (f), Government Code, |
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are amended to read as follows: |
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(d) The service retirement annuity of a member qualifying |
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for retirement under Section 839.101(a) 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 2.3 [two] percent |
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multiplied by the number of years of subsequent service credit the |
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member accrues under Section 840.1025(a). 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 90 [80] |
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percent of the applicable salary under Subsection (a). |
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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 2.3 [two] 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 90 [80] |
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percent of the applicable salary under Subsection (a). |
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SECTION 3. The changes in law made by this Act apply only to |
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a member of the Judicial Retirement System of Texas Plan One or the |
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Judicial Retirement System of Texas Plan Two who retires on or after |
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the effective date of this Act. A member who retires before the |
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effective date of this Act is governed by the law in effect |
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immediately before that date, and the former law is continued in |
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effect for that purpose. |
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SECTION 4. This Act takes effect September 1, 2007. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 2882 was passed by the House on May 7, |
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2007, by the following vote: Yeas 138, Nays 0, 1 present, not |
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voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 2882 was passed by the Senate on May |
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22, 2007, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: _____________________ |
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Date |
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_____________________ |
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Governor |