1 | 1 | | 85R634 TSR-D |
---|
2 | 2 | | By: Zaffirini S.B. No. 45 |
---|
3 | 3 | | |
---|
4 | 4 | | |
---|
5 | 5 | | A BILL TO BE ENTITLED |
---|
6 | 6 | | AN ACT |
---|
7 | 7 | | relating to the service retirement annuity for certain members of |
---|
8 | 8 | | the Judicial Retirement System of Texas Plan Two who resume |
---|
9 | 9 | | service. |
---|
10 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
---|
11 | 11 | | SECTION 1. Section 837.102, Government Code, is amended by |
---|
12 | 12 | | amending Subsection (a) and adding Subsections (e), (f), and (g) to |
---|
13 | 13 | | read as follows: |
---|
14 | 14 | | (a) A retiree who resumes service as a judicial officer |
---|
15 | 15 | | other than by appointment or assignment described in Section |
---|
16 | 16 | | 837.101 may not rejoin or receive credit in the retirement system |
---|
17 | 17 | | for the resumed service, unless an election is made as provided by |
---|
18 | 18 | | Subsection (e). |
---|
19 | 19 | | (e) A retiree described by Subsection (a) may elect to |
---|
20 | 20 | | rejoin and receive service credit in the retirement system for |
---|
21 | 21 | | resuming service as a judicial officer if, before taking the oath of |
---|
22 | 22 | | office, the retiree has been separated from judicial service for at |
---|
23 | 23 | | least 12 full consecutive months. The retiree shall provide notice |
---|
24 | 24 | | of the election to the retirement system in a manner prescribed by |
---|
25 | 25 | | the retirement system. |
---|
26 | 26 | | (f) Notwithstanding Section 840.106, for a retiree who |
---|
27 | 27 | | makes an election under Subsection (e), on the resumption of |
---|
28 | 28 | | annuity payments that have been suspended under this section, the |
---|
29 | 29 | | retirement system shall recompute the service retirement annuity of |
---|
30 | 30 | | the retiree to include the retiree's additional service credit. On |
---|
31 | 31 | | retirement from the retiree's subsequent service, the retiree may |
---|
32 | 32 | | elect a service retirement annuity as if the retiree were retiring |
---|
33 | 33 | | for the first time. |
---|
34 | 34 | | (g) If a retiree under Subsection (f) elects an optional |
---|
35 | 35 | | service retirement annuity payable under Section 839.103(a)(3) or |
---|
36 | 36 | | (4), the retirement system shall reduce the number of months of |
---|
37 | 37 | | payments by the number of months for which the annuity was paid |
---|
38 | 38 | | before the retiree resumed service. |
---|
39 | 39 | | SECTION 2. This Act takes effect September 1, 2017. |
---|