HBA-TBM H.B. 3434 77(R)    BILL ANALYSIS


Office of House Bill AnalysisH.B. 3434
By: Merritt
Pensions & Investments
4/1/2001
Introduced



BACKGROUND AND PURPOSE 

Currently, the Judicial Retirement System of Texas Plan One (retirement
system) provides retirement benefits for persons who were judges, justices,
and commissioners of the supreme court, the court of criminal appeals,
courts of appeals, and district court, or a commission to one of those
courts.  Under current law, a member contributes to the retirement system
at the same rate that a member of the elected class contributes to the
Employees Retirement System of Texas.  However, a member does not accrue
additional retirement benefits beyond 20 years of accumulated service
despite continuing to make contributions.  House Bill 3434 provides that a
member of the retirement system ceases to make contributions to the
retirement system after accruing 20 years of service.   

RULEMAKING AUTHORITY

It is the opinion of the Office of House Bill Analysis that this bill does
not expressly delegate any additional rulemaking authority to a state
officer, department, agency, or institution. 

ANALYSIS

House Bill 3434 amends the Government Code to provide that a member in the
Judicial Retirement System of Texas Plan One ceases making contributions to
the retirement system once the member accrues 20 years of service credit.   

EFFECTIVE DATE

September 1, 2001.