Relating to Judges' Retirement System

The purpose of this bill is to amend the retirement system by suspending contribution of courts into judicial retirement system until certain condition met; providing that retirees under the post-2005 retirement system are to be treated as pre-2005 retirement system retirees; providing for actuarially reduced pension benefit for judges in certain circumstances; increasing surviving spouse plan benefit for certain judges; eliminating limitation on retirement benefit increases; and eliminating distinction between certain judges for purposes of calculating surviving spouse plan benefits, surviving dependent children plan benefits, and adjusted annual retirement benefit.