Senate Bill 104 Summary

• Redefines "salary" for retirement benefit calculations to include total compensation from state and county sources after November 30, 2011, with a $5,000 cap on additional county payments for chief deputy prosecuting attorneys.

• Eliminates employee contributions to the retirement fund for participants with 22 or more years of creditable service after November 30, 2011.

• Changes retirement benefit calculations to base amounts on salary of the highest-paying office held before or at separation from service (after November 30, 2011), and reduces the early retirement reduction factor from 0.25% to 0.10% per month for those retiring before age 65.

• Expands disability benefits by removing the 5-year service minimum requirement, redefining disability criteria, and aligning benefit percentages with the judges' retirement system for participants applying after November 30, 2011.

• Increases the minimum annual survivor benefit from $7,000 to $12,000 for surviving spouses of participants dying after November 30, 2011, and increases court administration fees from $5 to $7 to fund the retirement program.