Texas Statutes (Last Updated: January 4, 2014) |
GOVERNMENT CODE |
Title 8. PUBLIC RETIREMENT SYSTEMS |
Subtitle E. JUDICIAL RETIREMENT SYSTEM OF TEXAS PLAN TWO |
Chapter 839. BENEFITS |
Subchapter B. SERVICE RETIREMENT BENEFITS |
Sec. 839.102. SERVICE RETIREMENT ANNUITY
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1033, Sec. 6
(a) Except as provided by Subsections (b), (c), and (d), the standard service retirement annuity is an amount equal to 50 percent of the state salary being paid at the time the member retires to a judge of a court of the same classification as the last court to which the retiring member was elected or appointed.
Text of subsection as amended by Acts 2005, 79th Leg., R.S., Ch. 1203, Sec. 3
(a) Except as provided by Subsections (b), (c), and (f), the standard service retirement annuity is an amount equal to 50 percent of the state salary being paid at the time the member retires to a judge of a court of the same classification as the last court to which the retiring member was elected or appointed.
(b) The retirement system shall increase by 10 percent of the amount of the applicable state salary under Subsection (a) or (c) the annuity of a member who on the effective date of retirement:
(1) has not been out of judicial office for more than one year; or
(2) has served as a visiting judge in this state and the first anniversary of the last day of that service has not occurred.
(c) The standard service retirement annuity of a person qualifying for retirement under Section 839.101(b) is an amount computed as a percentage of the state salary being paid at the time the member retires to a judge of a court of the same classification as the last court to which the retiring member was elected or appointed, according to the following schedule:
age at retirement percentage of state salary at least 60 but less than 61 40 percent at least 61 but less than 62 41.7 percent at least 62 but less than 63 43.6 percent at least 63 but less than 64 45.6 percent at least 64 but less than 65 47.7 percent. (d) The service retirement annuity of a member qualifying for retirement under Section 839.101(a) is the applicable state salary under Subsection (a) multiplied by a percentage amount that is the sum of 50 percent plus the product of 2.3 percent multiplied by the number of years of subsequent service credit the member accrues under Section 840.1025(a). After including any increase under Subsection (b), the service retirement annuity under this subsection may not be an amount that is greater than 90 percent of the applicable salary under Subsection (a).
(f) The service retirement annuity of a member qualifying for retirement under Section 839.101(a)(4) is the applicable state salary under Subsection (a) multiplied by a percentage amount that is the sum of 50 percent plus the product of 2.3 percent multiplied by the number of years of subsequent service credit the member accrues under Section 840.1027. After including any increase under Subsection (b), the service retirement annuity under this subsection may not be an amount that is greater than 90 percent of the applicable salary under Subsection (a).