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Committee approves amendment to adjust judicial retirement calculation to five-year average
Summary
An amendment to HB312 revised pension calculation years (aligning to a five-year highest-average for certain tiers), updated code citations, and set an effective date; the committee adopted the amendment and gave the bill a favorable report.
Committee members adopted an amendment to HB312 that revises the pension calculation to use the highest five years for certain members (aligning tiered provisions), updates code citations (12-17-227.4 and 12-17-227.5), and specifies an effective date. The sponsor said the change pulls the bill back into alignment with the tier 2 provision and prevents unintended consequences for retirement allowances. The committee adopted the amendment and favorably reported the bill.
Why it matters: The change affects how retirement allowances are calculated for affected judiciary members and could change benefit amounts for some members depending on their highest-earning years.
