SECOND REGULAR SESSION

SENATE BILL NO. 531

89TH GENERAL ASSEMBLY


INTRODUCED BY SENATOR SCHNEIDER.

Pre-filed December 1, 1997, and 1,000 copies ordered printed.

TERRY L. SPIELER, Secretary.

S2312.01I


AN ACT

To repeal section 476.690, RSMo Supp. 1997, relating to retirement compensation of judges, and to enact in lieu thereof one new section relating to the same subject.


Be it enacted by the General Assembly of the State of Missouri, as follows:

Section A.  Section 476.690, RSMo Supp. 1997, is repealed and one new section enacted in lieu thereof, to be known as section 476.690, to read as follows:

476.690.  1.  Any judge who has become eligible to receive retirement compensation pursuant to section 476.520 and who has elected not to retire and has continued to serve as a judge after August 28, 1995, shall have added to the retirement compensation when the judge retires or dies an amount equal to the total of all annual cost-of-living increases that retired judges received between the time the judge first became eligible to retire and the year the judge actually retires or dies.  In no event shall the total increase in compensation granted pursuant to this section and section 476.601 exceed sixty-five percent of the judge's retirement compensation calculated at the time of retirement or death.

2.  Any judge who was eligible to retire on August 28, 1995, and elected to continue to serve as a judge after such date, but who retired before August 28, 1996, shall, upon application to the board of trustees of the Missouri state employees' retirement system, be made, constituted and appointed and employed by the board as a special consultant on the problems of retirement, aging and other state matters for the remainder of the person's life.  Upon request of the board or the court from which the judge retired, the consultant shall give opinions or be available to give opinions in writing or orally in response to such request.  As compensation for such services, the consultant shall have the retirement benefit recalculated from the date of the retirement, pursuant to the provisions of subsection 1 of this section.  

3.  Any judge who retired prior to August 28, 1995, and who is receiving or hereafter may receive judicial retirement compensation administered by the Missouri state employees' retirement system shall be made, constituted, appointed and employed by the board of trustees of said retirement system as a special consultant in the manner provided by section 104.610, RSMo.  As compensation for such services, the consultant shall receive an additional amount which shall equal the difference between the benefit such judge would be receiving if the retired judge had been eligible at the time the judge retired for benefits pursuant to subsection 1 of this section, and the retired judge's retirement benefit on August 28, 1997.


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