Bill: SB 1436, 83(R) - 2013

Vote Recommendation

Vote Recommendation Economic Freedom Property Rights Personal Responsibility Limited Government Individual Liberty
No Neutral Neutral Neutral Negative Neutral

Author(s)

Ken Paxton

Bill Caption

Relating to the service retirement annuity of certain members of the Judicial Retirement System of Texas Plan One and the Judicial Retirement System of Texas Plan Two.

Fiscal Notes

No significant fiscal implication to the State is anticipated

Bill Analysis

Summary: SB 1436 would modestly increase the cost of the Judicial Retirement System of Texas Plan One, a retirement plan administered for judges in Texas. SB 1436 would increase the cap on service retirement annuities from 90% of a judge’s salary to 100% of that salary. SB 1436’s goal is to incentivize experienced judges to serve in Texas courts until retirement.

Analysis: SB 1436 would increase the unfunded liability of this retirement system, albeit by a very small amount. We oppose this legislation as an expansion of government.

Source URL (retrieved on 04/16/2024 07:04 AM): http://reports.texasaction.com/bill/83r/sb1436?print_view=true