Relating to Judges' Retirement System

From the Legislature

The purpose of this bill is to amend the retirement system by suspending contribution of courts into judicial retirement system until certain condition met; providing that retirees under the post-2005 retirement system are to be treated as pre-2005 retirement system retirees; providing for actuarially reduced pension benefit for judges in certain circumstances; increasing surviving spouse plan benefit for certain judges; eliminating limitation on retirement benefit increases; and eliminating distinction between certain judges for purposes of calculating surviving spouse plan benefits, surviving dependent children plan benefits, and adjusted annual retirement benefit.