Relating to the Judicial Retirement System Plan Two, including resuming service in the retirement system and contributions to the retirement system.
What changed between versions
Clarified that retirees can only rejoin or receive credit for resumed service if they were separated from judicial service for at least six consecutive months before taking the oath of office.
Added provisions allowing former retirees to purchase service credit for resumed judicial service performed before the effective date of the act, including service before June 18, 2023.
Updated contribution rates to 9.5 percent of state compensation for members who rejoin the retirement system.
Established that annuity payments will be recomputed to reflect the highest annual state salary earned while holding a judicial office and additional service credit from resumed service.
Set the effective date of the act to September 1, 2025, with a special provision for immediate effect if a two-thirds vote is obtained in both legislative houses.