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IN SB0033
Bill
AI Summary
Senate Bill No. 33 Summary
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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.
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The increased minimum annuity amount of $17,000 applies to survivor benefits effective July 1, 2012, and thereafter.
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Applies to both the 1977 judges' retirement system and the 1985 judges' retirement system.
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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.
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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