Bill Text: TX HB4540 | 2023-2024 | 88th Legislature | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relating to certain benefits payable by the Judicial Retirement System of Texas Plan One and the Judicial Retirement System of Texas Plan Two.

Spectrum: Bipartisan Bill

Status: (Engrossed - Dead) 2023-05-12 - Referred to Finance [HB4540 Detail]

Download: Texas-2023-HB4540-Introduced.html

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By: Longoria H.B. No. 4540

A BILL TO BE ENTITLED
AN ACT
relating to the state salary for retired judges.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1.On the effective date of this Act, the Employees
Retirement System of Texas shall recompute the annuities of persons
who retired before September 1, 2019, as if the retiree's salary on
the date of retirement was that of a judge or justice who has eight
years and 1 day of service as of September 1, 2019 and is of the same
classification as the last court to which the retiree was elected or
appointed. On the effective date of this Act, the retirement system
shall also recompute the annuities of beneficiaries receiving an
annuity that became payable before that date under Sections 839.301
or 839.302, Government Code, in the same manner.
SECTION 2. In the event the 88th Legislature enacts
legislation increasing the state salary of district or appellate
judges or justices or authorizes a state salary increase for
district or appellate judges or justices in the General
Appropriations Act, on the effective date of the salary increase,
the Employees Retirement System of Texas shall recompute the
annuities of persons who retired before the effective date of the
salary increase under Sections 839.102 or 839.103, Government Code,
as if the retiree's salary on the date of retirement was that of a
judge or justice who has eight years and 1 day of service and is of
the same classification as the last court to which the retiree was
elected or appointed. On the effective date of a state salary
increase described by this Act, the retirement system shall also
recompute the annuities of beneficiaries receiving an annuity that
became payable before that date under Sections 839.301 or 839.302,
Government Code, in the same manner.
SECTION 2. This Act takes effect September 1, 2023.