HBA-SEB H.B. 3755 76(R) BILL ANALYSIS Office of House Bill AnalysisH.B. 3755 By: Clark Pensions and Investments 3/29/1999 Introduced BACKGROUND AND PURPOSE Currently, the Judicial Retirement System of Texas Plan One (which is applicable to a judge whose service commenced on or before August 31, 1985) automatically adjusts the standard service retirement annuity of its members in order to compensate for cost-of-living adjustments made to judicial salaries. At present, no cost-of-living adjustment exists for members of the Judicial Retirement System of Texas Plan Two (which is applicable to a judge whose service commenced on or after September 1, 1985). H.B. 3755 provides that the standard service retirement annuity for a member of the Judicial Retirement System of Texas Plan Two is adjusted from time to time due to periodic changes in the state salary being paid a judge of a court of the same classification as the last court of the retiree. RULEMAKING AUTHORITY It is the opinion of the Office of House Bill Analysis that this bill does not expressly delegate any additional rulemaking authority to a state officer, department, agency, or institution. SECTION BY SECTION ANALYSIS SECTION 1. Amends Sections 839.102(a) and (c), Government Code, as follows: (a) Establishes that the standard service retirement annuity for a member of the Judicial Retirement System of Texas Plan Two is an amount equal to 50 percent of the state salary, as adjusted from time to time, rather than at the time the member retires, being paid to a judge of the court of the same classification as the retiree, except for an increase in applicable state salary for certain members. (c) Makes a conforming change. SECTION 2. Effective date: September 1, 1999. Makes application of this Act prospective. SECTION 3. Emergency clause.