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HB 0855 - Appellate court judges; elected on or after July 1, 2008; provide benefits

Tracking Level: Monitor
Sponsor: Bridges,Ben 10th
Last Action: 4/20/2007 - House Second Readers
House Committee: Ret
Assigned To:
02. Supreme CourtNext Bill
03. Court of AppealsNext Bill
Retirement & CompensationNext Bill

Staff Analysis of the Legislation

Amend 47-2-244.  This bill would provide that retirement benefits would be calculated through a different method for persons who fist become an appellate court judge o or after July 1, 2008 and for persons who again become an appellate court judge on or after such date, who do not have a vested right to be reinstated in the ERS.  According to this bill, such members would become eligible for benefits after 10 years of service.  Such members would receive a retirement benefit equivalent to 66.66 percent, plus 1 percent for each year of service over 10, of the member´┐Żs salary.  No member shall receive more than 20 years of service.  Additionally, the member would not be entitled to receive benefits until the age of 65.  This bill also authorizes members who are serving as an appellate court judge on June 30, 2008 to elect to become subject to the provisions of this bill, such election must be made by October 30, 2008.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text