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IN SB0033

Bill

Status

Introduced

1/4/2012

Primary Sponsor

Greg Walker

Click for details

Origin

Senate

2012 Regular Session

AI Summary

Senate Bill No. 33 Summary

  • Increases the minimum retirement annuity for surviving spouses or surviving children of judges from the 1977 or 1985 judges' retirement systems from $12,000 to $17,000.

  • The increased minimum annuity amount of $17,000 applies to survivor benefits effective July 1, 2012, and thereafter.

  • Applies to both the 1977 judges' retirement system and the 1985 judges' retirement system.

  • Survivors are entitled to the greater of either 50% of the participant's retirement benefit or the minimum annuity amount specified in the updated table.

  • Effective date: July 1, 2012.

Legislative Description

Adjustments to judges' survivor benefits.

Last Action

First reading: referred to Committee on Pensions and Labor

1/4/2012

Full Bill Text

No bill text available