Senate Bill No. 232, introduced by Senator Miller, amends the Judges' Supplemental Compensation Fund provisions to clarify funding mechanisms for judges' retirement contributions. The bill specifies that after covering necessary administrative expenses, the board will authorize the judicial administrator to set aside and transmit monthly contributions to the relevant State Employees' Retirement System for judges who are members of a public retirement system. This amendment replaces the previous language that referred to "the" State Employees' Retirement System, ensuring that the contributions are directed to the appropriate system.
Additionally, the bill introduces new provisions that apply specifically to justices, judges, or commissioners who have served in their roles either on or before December 31, 2026, or for at least three years after that date. It also establishes that any savings resulting from these provisions cannot increase the amounts allocated beyond what was paid during Fiscal Year 2025-26 and must be retained as a reserve to maintain fund stability during any reductions in receipts. The bill will take effect upon the governor's signature or after the designated time for gubernatorial action.
Statutes affected: SB232 Original: 13:3(D)