Amend 47-2-244.  Relating to optional benefits available to appellate court judges, notice of election of benefits, eligibly for benefits, disability benefits, and survivors benefits so as to provide for benefits for appellate court judges who are appointed or elected on or after July 1, 2008 and to provide for an option for sitting judges.  Any person who first becomes an appellate court judge on or after July 1, 2008, or who again becomes a member on or after such date and does not have a vested right to be reinitiated in this retirement system shall be subject to the provisions of this subsection; provided, however, that except as specifically provided in this subsection, the provisions of this Code section shall be applicable to such persons. Any member who is serving as an appellate court judge on June 30, 2008, may elect to become subject to this subsection by notifying the board of trustees in writing not later than October 30, 2008. After ten years of service as an appellate court judge, such judge shall be entitled to receive during life a retirement benefit payable monthly equivalent to 66.66 percent, plus 1 percent for each year of creditable service over ten years, of the member�s salary; provided, however, that no member shall receive more than 20 years of creditable service.  This Act shall become effective on July 1, 2008, only if it is determined to have been concurrently funded as provided in Chapter 20 of Title 47 of the Official Code of Georgia Annotated, the "Public Retirement Systems Standards Law"; otherwise, this Act shall not become effective and shall be automatically repealed in its entirety on July 1, 2008, as required by subsection (a) of Code Section 47-20-50.