Pursuant to the District Attorneys' Plan for Retirement under the Judicial Retirement Fund, a service retirement allowance and a disability retirement allowance are calculated by the use of a formula and may not exceed 80 percent of the member's average final compensation. This bill would revise the definition of "average final compensation" for purposes of the District Attorneys' Plan. This bill would revise the percentage of a member's average final compensation used for determining a member's pension and would decrease the limitation on both the service retirement allowance and disability retirement allowance permitted to 75 percent of the member's average final compensation. This bill would provide that the service retirement allowance and disability retirement allowance of a member who has attained 18 or more years of membership service shall be 75 percent of the member's average final compensation. This bill would also revise the definition of "average final compensation" for purposes of the Judicial Retirement Fund.

Statutes affected:
Introduced: 12-17-227, 12-17-227, 12-17-227, 12-18-150