House Bill No. 660 Summary

• Revises retirement compensation formulas for Supreme Court justices, Court of Appeals judges, and district judges, creating different benefit levels for judges hired before and after July 1, 2012, with those hired after that date receiving lower spousal survivor benefits (30% vs. 50%)

• Establishes new sections for employer contributions (Section 1-2004A) and employee contributions (Section 1-2004B), setting contribution rates and allowing the retirement board to adjust rates based on actuarial valuations with amortization periods

• Increases civil court filing fees from $18 to $26 and adjusts other court fees to fund the judges' retirement system, with fees redirected to the state general fund after Section 1-2004A becomes effective

• Transfers investment policy authority from the Supreme Court to the retirement board and provides indemnification protections for retirement board members, PERS staff, and mortgage/investment committee members

• Makes the bill's provisions contingent upon the Internal Revenue Service issuing a determination letter confirming the judges' retirement plan qualifies as a Section 401(a) qualified plan under federal tax law