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Senate Bill 0058


 

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Senate Bill 0058

ARCHIVE (2002)

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DIGEST OF SB58 (Updated January 29, 2002 5:13 PM - DI 84)

Magistrate's pensions. Provides that, effective January 1, 2003: (1) a person serving as a full-time magistrate on July 1, 2002, may elect to be; and (2) a person who begins serving as a full-time magistrate after July 1, 2002, is; a participant in the judges' 1985 benefit system (1985 benefit system). Allows magistrates who are participants in the 1985 benefit system to purchase, at full actuarial cost, service credit for prior service as a full-time commissioner, magistrate, or referee, or for prior service in other public employees' retirement fund (PERF) covered positions. (The introduced version of this bill was prepared by the pension management oversight commission.)
    Current Status:
     In Committee - 2nd House
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