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House Bill 1480


House Bill 1480

ARCHIVE (2007)

Latest Information

 

DIGEST OF HB1480 (Updated April 16, 2007 5:03 pm - DI 84)


Judges' pensions. Provides for a 2% increase of the monthly benefits paid to participants, survivors, and beneficiaries from the judges' 1985 retirement system after December 31, 2007. Provides for a 2% increase of the monthly benefits paid to participants, survivors, and beneficiaries from the judges' 1985 retirement system after December 31, 2008. Allows service credit accrued by a full-time referee, full-time commissioner, or full-time magistrate after leaving an elected term on the bench to be granted to a participating judge in the 1977 judges' retirement system if certain conditions are met. Directs the pension management oversight commission: (1) to study the issue of implementing a judges' defined contribution plan; (2) to study inequities between the 1977 judges retirement system and the 1985 judges' retirement system; and (3) to identify ways that benefits provided by the 1977 judges' retirement system and the benefits provided by the 1985 judges' retirement system may be aligned.
Current Status:
 Law Enacted
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