Amends the retirement allowance for a member who first earns credited service as a judge after 6/30/2031 to 1.75 per cent of the judge's average final compensation for each year of credited service as a judge. Includes sheriffs and deputy sheriffs to the enhanced retirement benefits category. Reduces the minimum number of years of credited service that qualified Tier 2 Employees' Retirement System members must have to be eligible for vested benefit status for service retirement allowance purposes from ten years to five years. Increases employer contributions to offset the resulting liability. Effective 7/1/3000. (HD3)

Statutes affected:
SB935 SD1 PROPOSED: 88-74, 88-62, 88-73, 88-96, 88-122, 88-331, 88-338, 88-341
SB935 SD1: 88-74, 88-62, 88-73, 88-96, 88-122, 88-331, 88-338, 88-341
SB935 SD2: 88-74, 88-62, 88-73, 88-96, 88-122, 88-331, 88-338, 88-341
SB935 HD1: 88-74, 88-62, 88-73, 88-96, 88-122, 88-331, 88-338, 88-341
SB935 HD2: 88-74, 88-62, 88-73, 88-96, 88-122, 88-331, 88-338, 88-341
SB935 HD3: 88-47, 88-74, 88-62, 88-73, 88-96, 88-122, 88-331, 88-338, 88-341