2024 Session

Budget Amendments - SB30 (Floor Approved)

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Judicial Retirement System Premiums

Item 469 #5s

Item 469 #5s

First Year - FY2025 Second Year - FY2026
Central Appropriations
Central Appropriations FY2025 $0 FY2026 $1,517,000 GF

Page 509, line 12, strike "$174,632,045" and insert "$176,149,045".

Page 511, line 34, strike the second "30.67", insert "$32.32".

Page 512, after line 1, insert:

"8. The Director, Department of Planning and Budget, shall transfer from this Item, general fund amounts estimated at $1,517,000 the second year to the appropriate agencies within the Judicial Department for the general fund portion of costs associated with a higher employer contribution rate for judges covered under the Judicial Retirement System."


(This amendment provides funding to reflect the fiscal impact of Senate Bill 396 on the Judicial Retirement System that provides for judges appointed or elected to an initial term on or after July 1, 2024, and who are at least age 55 at the time of appointment will be placed in Plan 1 with service weighted at 3.5 months per actual month of service.)