Retirement Benefits for Judicial Officers by nfj14094

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									                                 Retirement Benefits for Judicial Officers




as administered by


Employees           Retirement
     System   of   Texas




May 2010                                                       JRS Plan II
Retirement Benefits
for Judicial Officers
in JRS-II            This booklet provides information regarding Judicial Retirement System Plan II
                                   (JRS-II) retirement benefits available to eligible justices, judges or commissioners of
                                   specified courts in the State. This publication summarizes the law (Subtitle E, Title 8,
                                   Texas Government Code), and Board of Trustee Rules of the Employees Retirement
                                   System of Texas (ERS), which administers JRS-II. The law and rules prevail in all
                                   questions of interpretation and application.




                                   Employees           Retirement
                                        System   of   Texas



                                   Customer Benefits Division
                                   P. O. Box 13207
                                   Austin, Texas 78711-3207
                                   In Austin (512) 867-7711, ext. 7115 or 7387
                                   (877) 275-4377, toll-free, ext. 7115 or 7387
                                   www.ers.state.tx.us

                                   May 2010
Retirement benefits for members of JRS-II


                                                                     Retirement Benefits for Judicial Officers JRS Plan II


I f you became a judge, justice or
   commissioner of the Supreme
 Court, Court of Criminal Appeals,
                                            Resumption of service

                                            If you retire and then resume state
Court of Appeals, District Court or         elected or appointed judicial service,           If you became a judge, justice
specified commissions to a court after      you may not rejoin and again contrib-           or commissioner of the Supreme
August 31, 1985, you are required to        ute to JRS-II. Your annuity payments            Court, Court of Criminal Appeals,
                                            will be suspended until you leave of-               District Court or specified
be a member of and contribute to the
                                            fice and reapply to ERS for payment
JRS-II. Membership begins the first day                                                       commissions to a court after
                                            resumption. It is your responsibility to
you hold office and terminates upon         notify ERS of your return to judicial          August 31, 1985, you are required to
your death, retirement, or withdrawal       service. Suspension of the annuity pay-            hold membership in JRS-II.
of your contributions.                      ment, which begins on the day you take
                                            the oath of office, will not reduce the
If you have ever been a member of the       number of months annuity payments
Judicial Retirement System Plan I (JRS-     are scheduled under an optional retire-
I), you may not join JRS-II. You must       ment benefit plan you have chosen. The      Retirement benefits
resume membership in the system you         suspension of your annuity does not
were in during previous service.            apply if you take assignments as a visit-   There are three types of retirement
                                            ing judge after retirement.                 benefits under JRS-II: service retirement
If for any reason you cease to be a                                                     benefits, disability retirement benefits,
judicial officer, you may withdraw your     Retirement eligibility                      and death benefits. A member who is
contributions from JRS-II. This will                                                    impeached or removed from office for
cancel your service credit in JRS-II. If    You become eligible to receive a service    official misconduct may not receive
you have not withdrawn funds, you           retirement annuity in three ways:           benefit payments.
may resume contributions when you re-       • at age 65 with 10 years creditable
sume state elected or appointed judicial       service and currently holding a judi-
service.                                       cial office;
                                            • at age 65 with 12 years creditable
Each month, 6 percent of your gross            service, whether or not you hold a
salary will be deducted as your contri-        judicial office;
bution to JRS-II and credited to your       • at any age with 20 years service,
individual retirement account. In addi-        whether or not you hold a judicial
tion, the State contributes an amount          office; or
necessary to finance the system.            • served at least 12 years on an
                                               appellate court and the sum of your
A member of JRS-II who accrues
                                               age and amount of service credit
20 years of service credit in the retire-
                                               in the retirement system equals or
ment system may elect to continue con-
tributions. A member who has served            exceeds the number 70, whether or
at least 12 years on an appellate court        not you currently hold office.
and who meets the Rule of 70 may also       You may choose to receive a perma-
elect to continue contributions.            nently reduced benefit as early as:
                                            • age 60 with 10 years of service, cur-
                                               rently holding a judicial office; or
                                            • age 60 with 12 years of service,
                                               whether or not you hold a judicial
                                               office.
                                                                                                                                  1
                                                                    Retirement eligibility and benefits


    Retirement Benefits for Judicial Officers JRS Plan II

Service retirement                           the ERS medical board to ask for more       may make the selections with the same
                                             information from you in order to make       options that were available to you.
Your base Service Retirement Annuity         recommendations.
(SRA) will be 50 percent of the state                                                    The death benefit plan you select will
salary being paid for a judge of a court     A disability annuity cannot be reduced      take effect at your death unless you
of the same classification as the last       because of age, and you will receive it     amend the plan, select a retirement
court on which you were elected or ap-
                                             for the duration of your disability. If     annuity at your retirement, or become
pointed. This is increased by 10 percent
                                             you have chosen one of the optional         ineligible to select a plan.
if you have not been out of office for
more than one year at retirement or if       retirement plans, your beneficiaries or
you have accepted an assignment as a         estate will receive your benefits under     If you are not eligible to select a death
visiting judge within a year of your         the plan chosen should you die while        benefit annuity and you die before your
effective date of retirement. Monthly        receiving disability retirement benefits.   retirement, all of your accumulated
retirement annuities are adjusted                                                        contributions to the retirement sys-
through legislation. The SRA of a            Death benefits                              tem are payable as a lump sum death
member who elects to make contribu-                                                      benefit to your selected beneficiary or
tions after 20 years of service or after     If you are an active contributing           to your estate.
reaching the Rule of 70 with 12 years        member to JRS-II with at least 10 years
on an appellate court would be based         service credit, you may select one or       Also available for those contributing
on 50 percent of the state salary plus       more persons to receive a death benefit
2.3 percent for each subsequent year                                                     members not eligible to select a death
                                             annuity, which will be payable begin-       benefit annuity is a lump sum payment
not to exceed 90 percent.
                                             ning on the day after your death, in the    computed by multiplying your full
                                             event you die before retirement. You        years of service credit at the time of
Disability retirement
                                             have two choices of reduced annuities:      your death by 5 percent of your total
Regardless of your age, you are eligible                                                 contributions.
                                             • After your death, the reduced annuity
to retire and receive a disability retire-
                                                is paid in the same amount through-
ment annuity if you have seven years                                                     Lump sum death benefit
                                                out the life of one beneficiary chosen
of service credit in JRS-II. Your dis-          by you before your retirement (Re-
ability must be certified as mentally or                                                 If you are retired at the time of your
                                                tirement Option 1), or
physically incapacitating by the Chief                                                   death, a lump sum death benefit in the
                                             • 120 monthly reduced annuity pay-
                                                                                         amount of $5,000 will be paid to your
Justice of the Supreme Court and the            ments will be paid to one or more
                                                                                         selected beneficiary or estate.
ERS medical board. It may be denied             beneficiaries selected by you (Retire-
for a condition caused by the excessive         ment Option 4).
use of alcohol or narcotic drugs. When                                                    Example:
applying for a disability retirement, you    Lifetime death benefit annuity pay-
                                             ments are determined by the option           An active judge with seven years
must submit two opinions by licensed                                                      and six months credit dies. His ac-
                                             selected, your age, and the age of the
physicians supporting your claims                                                         count balance was $39,355.
                                             person named as your beneficiary at the
to ERS and the Chief Justice of the
                                             time of your death.                          Refund Account Balance =
Supreme Court. Your application will
                                                                                                             $39,355.00
be referred to the ERS medical board         If you die before making the selection,
for its recommendations, and it may                                                       Additional Benefit
                                             your spouse, if surviving, or the            ($39,355 x 35%) = $13,774.25
require that you submit additional in-       personal representative of your estate
formation. The Chief Justice may also                                                     Total Benefit =       $53,129.25
appoint a licensed physician or direct
2
Health and other insurance benefits for employees and retirees are
subject to change based on available State funding. The Texas Legislature
determines the level of funding for such benefits and has no continuing
obligation to provide those benefits beyond each fiscal year.



                                                                     Retirement Benefits for Judicial Officers JRS Plan II

This payment is in addition to any           When a retiree with 10 or more years         the beginning. Therefore, a portion
other survivor benefit. If you retire        of service credit dies, the retiree’s        of your annuity payment will be
under the Proportionate Retirement           spouse, unmarried dependent children         taxable immediately and a portion
Program with less than the total years       under age 25, and any currently cov-         will be excluded from tax. In general,
of service credit required for a service     ered handicapped children of any age,        the non-taxable part is the prorated
retirement from JRS-II, the payment is       may enroll in GBP health and dental          return of your contributions. At the
reduced accordingly.                         coverage as a survivor provided the
                                                                                          time the tax-free portion of your
                                             required premiums are paid and any
                                                                                          annuity payments equals the total of
A lump sum payment will be paid to a         dependency requirements continue to
retiree’s beneficiary or estate in certain   be met. Dependent children who were          your contributions, your entire annu-
situations where the full amount of the      covered at the time of a retiree’s death     ity payment will be taxable. Federal
retiree’s contributions have not been        may continue coverage until they are         law requires ERS to deduct federal
paid in benefits before the retiree’s        no longer eligible, regardless of wheth-     income tax on the taxable portion of
death. This law affects those retirees       er the spouse continues coverage. The        annuity payments unless the member
who have chosen the standard annuity,        State makes no contribution toward the       elects not to have tax deducted.
but does not apply to Options 3 and 4.       cost of surviving dependent coverage.
                                             This premium is the total responsibility   Social Security
Retiree insurance coverage                   of the covered dependent.
                                                                                        As a judicial officer, you are covered
When you retire, you and your spouse         Exemption from forced payment              by Social Security. The benefits you
are eligible to enroll in the Texas Em-      of debts                                   receive from Social Security do not
ployees Group Benefits Program (GBP),                                                   affect any retirement benefits you
including available health maintenance       All retirement annuity payments,           receive from JRS-II. For information
organizations (HMOs). You also               optional benefit payments, member          regarding your Social Security benefits,
qualify for dental coverage with either      contributions, and money in the vari-      you should contact your nearest Social
of the State’s two dental plans. Any         ous retirement funds are exempt from       Security office.
unmarried children under the age of 25       garnishment, assignment, attachment,
years and/or handicapped children of         or any other legal process except child
any age may be eligible for coverage.        support payments as required by a
                                             court order or, in certain limited cir-
Retired and active judges are covered        cumstances, a federal tax levy.
by the same health plans and receive
the same state contributions toward          Federal income tax on annuity
premium costs (100 percent for retiree,      payments
50 percent for dependent coverage).
Active judges who go directly to retire-     When you retire, ERS will provide full
ment status may keep a portion of their      and current information on the tax
optional term life insurance and, if         status of your monthly annuity. Federal
they have dependent term life in force       income tax laws are subject to change
at that time, may keep a portion of          at any time; however, the following is
that coverage. Retiree health premiums       a summary of current tax provisions
include $2,500 of basic term life for        relating to annuity payments:
the retiree only. Optional term life and
dependent term life insurance are the          The retiree’s nontaxable contribu-
only optional life insurance coverage          tions to JRS-II are recovered tax free
available to retirees.                         on a prorated basis and not in full at

                                                                                                                                   3
                                                                                         Earning service credit


    Retirement Benefits for Judicial Officers JRS Plan II

Establishing additional service credit      Military service credit

You may receive additional service          You may buy up to 48 months (four                    You may purchase military,
credit by purchasing past active            years) of prior active military service if             previously withdrawn
military service, through buying            you have at least eight years of service             judicial service, calendar
previously withdrawn judicial service       credit in JRS-II and are not eligible to                  year service, or
(if you retire under JRS-II, you must       receive federal retirement payments                  Additional Service Credit.
purchase JRS-II withdrawn service), or      for 20 or more years of active military
Additional Service Credit.                  service. You may buy service credit
                                            in JRS-II by contributing 6 percent of       You may purchase service credit in
Additional Service Credit                   your current monthly state salary for        three ways:
                                            each month of active military service
Members of JRS-II are eligible to           claimed. If you do not establish the         1. A one-time lump sum payment
purchase Additional Service Credit          credit during your first year of eligibil-      for the total period purchased.
(ASC) for additional retirement credit.     ity, 10 percent interest will be applied     2. A lump sum payment of the total
ASC can only be bought to meet              for each fiscal year from the date of           amount due for increments (in
retirement eligibility of 20 years at any   first eligibility to the date of deposit.       months) of credit available to you.
age.                                                                                     3. Rollover (transfer) of money from
                                            Calendar year service                           one retirement account to another,
This credit purchase option allows                                                          e.g., using money from your 401(k)
up to five years of additional service to   A contributing member who has not               to pay for service credit.
be purchased by paying to the System        retired may establish service credit in
the actuarial present value of the          the retirement system for any calendar       Purchase through eligible
additional benefit attributable to the      year during which the member:                rollover distribution (ERD)
additional service credit. You must be a    • held an office included in the
member and have at least 15 years of                                                     You may use all or part of an eligible
                                               membership of the retirement
JRS-II membership service (not count-                                                    rollover distribution (ERD) from
                                               system; or                                a qualified plan or conduit IRA to
ing military service) to be eligible for
                                            • was eligible to take the oath for an       purchase service credit. ERS must pre-
this option. The service must be
                                               office included in the membership of      approve your use of an ERD. An ERD
purchased in increments of at least one
                                               the retirement system.                    is the taxable portion of a distribution
year, except JRS-II members at retire-
                                                                                         from a qualified plan. The plan admin-
ment may purchase the necessary             You may establish service credit under       istrator for the distributing plan can
months of time to enable them to retire.    this section by depositing with the          confirm that the plan is qualified and
Additional conditions and restrictions      retirement system a contribution             that the distribution is an ERD. Strict
may be applicable.                          computed for each month of credit            conditions apply to your eligibility to
                                            claimed at the rate of 6 percent of your     roll over a distribution to purchase ser-
You may purchase ASC by lump sum            current monthly salary, plus, if you do      vice. You should consult a tax advisor
or by using funds in your Texa$aver         not establish credit before the first        or the IRS about the tax consequences
401(k) or 457 Plan. Monthly payroll         anniversary of the date of first eligibil-   of an ERD.
deductions are not permitted.               ity, interest computed on the basis of
                                            the state fiscal year at an annual rate      Contact ERS to request service pur-
                                            of 10 percent from the date of first         chase cost information. ERS will send
                                            eligibility to the date of deposit.          you a cost estimate detailing each
                                                                                         purchase plan available to you.


4
Earning service credit


                                                                     Retirement Benefits for Judicial Officers JRS Plan II

Other retirement systems

Years of service credit in any one of the    qualify for proportionate retirement,                The Proportionate
other 10 retirement systems in Texas         you will receive a monthly annuity           Retirement Program is designed
cannot be transferred into JRS-II. How-      from each system based on service            to provide benefits to members
ever, the systems administer the Propor-     established in that system.                        with service credit in
tionate Retirement Program to provide                                                           more than one system.
benefits to members who have service         To protect your rights under this pro-
credit in more than one system. Besides      gram, if you have service credit estab-
JRS-II, other participating systems are:     lished in more than one system, each
                                             one should receive written notice from
• Employees Retirement System                you listing all the systems in which you
  of Texas                                   have an account.
• Judicial Retirement System
  of Texas Plan I
• Teacher Retirement System of Texas
• Texas Municipal Retirement
  System
• Texas County and District
  Retirement System
• City of Austin Retirement System
• City of Austin Police Retirement
  System
• El Paso City Employees’ Pension
  Fund
• El Paso Firemen & Policemen’s
  Pension Fund
• Central Texas Community Health
  Centers

If you have money in an account in
more than one system, you may be
eligible for a service retirement annuity,
if the combined total of all your years
of service credit satisfies the minimum
length-of-service requirement for the
systems from which you are retiring.
You are not required to retire simulta-
neously from all systems for which you
are eligible.

Under the Proportionate Retirement
Program, military service credit estab-
lished in more than one system for the
same period of active military duty will
be credited in only one system. If you
                                                                                                                             5
                                                 You can choose
                                                a standard annuity
                                                   or one of five
                                                                                          Your annuity options
                                             survivor annuity options.



    Retirement Benefits for Judicial Officers JRS Plan II


A    t retirement, you will select a
      standard annuity or one of five
survivor options that may provide a
                                           • Option 3 – Provides a reduced
                                              monthly annuity to you during
                                                                                          beneficiary survives you. If you name
                                                                                          someone other than your spouse
                                              your lifetime. If you die before            as your beneficiary who is younger
monthly benefit after your death to the       60 payments have been made, the             than you, a different method of
beneficiary named by you. The decision                                                    calculation could be used to deter-
                                              same monthly annuity will be made
you make in choosing an option is an
                                              to your beneficiaries or to your            mine your annuity and your ben-
important one and cannot be changed
                                              estate for the remainder of the 60          eficiary’s portion will be reduced
after retirement. Spousal consent will
                                              months. If the primary and alter-           accordingly.*
be required if you select the standard
annuity or Option 3 or 4.                     nate beneficiaries are deceased, all
                                              remaining payments will be made to
                                                                                        Other features
The selections available are:                 your estate.
                                                                                        A lump sum payment will be paid
• Standard annuity – Provides the high-    • Option 4 – Provides a reduced              to a retiree’s beneficiary or estate in
   est monthly annuity to you during                                                    certain situations where the full
                                              monthly annuity to you during
   your lifetime. Annuity payments                                                      amount of the retiree’s contributions
                                              your lifetime. If you die before
   cease at the time of your death.                                                     have not been paid in benefits. This law
                                              120 monthly payments have been            affects only those retirees who have
   However, should death occur prior
   to the return of all accumulated con-      made, the same monthly annuity will       chosen the standard annuity.
   tributions, a refund will be made to       be made to your beneficiaries or to
   your selected beneficiary, if living;      your estate for the remainder of the      If you select Option 1, 2 or 5 and your
   otherwise, to your estate.                 120 months. If the primary and the        beneficiary precedes you in death, then
                                              alternate beneficiaries are deceased,     your monthly annuity check returns to
• Option 1 – Provides a reduced               all remaining payments will be made       the standard annuity amount.
   monthly annuity during your                to your estate.
   lifetime, then pays the same monthly                                                 If you select Option 1, 2 or 5, you
   annuity to your beneficiary for life,   • Option 5 – Provides a reduced              cannot change your beneficiary after
   if the beneficiary survives you. If        monthly annuity to you during             the effective date of retirement. You
   you name someone other than your                                                     must designate a specific individual
                                              your lifetime, then pays three-
   spouse as your beneficiary who                                                       under these options, and the reduction
                                              fourths of that monthly annuity
   is younger than you, a different                                                     from the standard annuity amount is
                                              to your beneficiary for life, if the      calculated on the basis of the age differ-
   method of calculation could be used
   to determine your annuity and your                                                   ence in years of your age at retirement
   beneficiary’s portion will be reduced      Survivor option reduction factor tables   and the age of your beneficiary at that
   accordingly.*                                 are used when retiring employees       time.
                                               choose a survivor option to continue
• Option 2 – Provides a reduced                payments to a beneficiary after their    If you select Option 3 or 4, you can
   monthly annuity during your               death. Some of these factors are based     change your beneficiary after retire-
   lifetime, then pays one-half of that                                                 ment. The reduction from your stan-
                                             on the employee’s age at retirement and
   monthly annuity to your beneficiary                                                  dard annuity amount for these options
                                               the beneficiary’s age. For more infor-
   for life, if the beneficiary survives                                                is calculated on actuarial reduction
   you.                                        mation on the reduction factors that     factors, regardless of your age at
                                             would apply to you and your beneficiary,   retirement.
                                                 contact ERS Customer Service at
                                                   (512) 867-7711 in Austin or
                                                     (877) 275-4377 toll-free.          *In accordance with Treasury Regulations
                                                                                        Section 1.401(a)(9)-6T

6
Sample annuity calculations


                                                                             Retirement Benefits for Judicial Officers JRS Plan II

Example I (40 percent)                       Example III (60 percent)                         Example IV (90 percent)
An individual serves on the district         An individual serves on the district             An individual who elects to make
bench from age 35 through age 47. At         bench from age 55 until age 65. He then          contributions after obtaining 20 years
the end of the third term, the individual    retires immediately. The calculation             of service credit would be based on
decides to enter private law practice        would be as follows:                             50 percent of the state salary plus 2.3
and draw benefits upon becoming eli-         • Service – 10 years and currently               percent for each subsequent year not
gible at age 60. The calculation would          holds a judicial office. (Military            to exceed 90 percent. The calculation
be as follows:                                  credit is applicable once a member            would be as follows:
• Service – if an individual has been           has at least eight years on the bench.)       • Service – 20 years and currently
   off the bench more than one year, a       • Age – a member may retire with full               holds a judicial office. (Military cred-
   minimum of 12 or more years is               benefits at age 65.                              it is applicable once a member has at
   necessary for retirement. (Military                                                           least eight years on the bench.)
   credit is applicable once a mem-          Sample Calculation –                             • Age – a member may retire with
   ber has at least eight years on the       Percentage applicable at age 65 = 50%               full benefits at any age.
   bench.)                                                     plus
• Age – a member may retire as early         Bonus* for retiring immediately upon             Sample Calculation –
   as age 60 with reduced benefits or        becoming eligible + 10% = 60%                    Percentage applicable at any age = 50%
   wait until age 65 for full benefits.                                                                           plus
                                                 Monthly       x Percentage     = Standard
                                                 Salary                           Annuity     Bonus* for retiring immediately upon
Sample Calculation –                                                                          becoming eligible + 10% = 60%
Percentage applicable at age 60 = 40%          $10,416.67         x 60%         = $6,250.00                       plus
   Monthly     x Percentage   = Standard                                                      An additional 2.3% for each subsequent
   Salary                       Annuity                                                       year after obtaining 20 years service credit.
                                             Reduction percentages for early
 $10,416.67       x 40%       = $4,166.67                                                     For the purpose of this calculation, let’s
                                             retirement
                                                                                              assume member works an additional 13
                                              Age at Retirement               Percentage of   years x 2.3% = 30%
Example II (50 percent)                                                        State Salary       Monthly     x Percentage   = Standard
An individual serves on the district                                                              Salary                       Annuity
                                              At least 60 but less than 61        40.0%
bench from age 50 until age 60 and im-                                                          $10,416.67       x 90%       = $9,375.00
mediately retires. The calculation would      At least 61 but less than 62        41.7%
be as follows:                                At least 62 but less than 63        43.6%
• Service – 10 years and currently            At least 63 but less than 64        45.6%          *The retirement system shall
   holding a judicial office. (Military                                                          increase by 10 percent of the
   credit is applicable once a member         At least 64 but less than 65        47.7%
                                                                                                 amount of the applicable state
   has at least eight years on the bench.)                                                       salary under the annuity of a
• Age – a member may retire as early as                                                          member who on the effective
   age 60 with reduced benefits.                                                                 day of retirement:
Sample Calculation –
Percentage applicable at age 60 = 40%
                                                                                                   • has not been out of judicial
                  plus                                                                             office for more than one year; or
Bonus* for retiring immediately upon
leaving the bench + 10% = 50%                                                                      • has served as a visiting
                                                                                                   judge in this state and the first
   Monthly     x Percentage   = Standard
   Salary                       Annuity                                                            anniversary of the last day of
                                                                                                   that service has not occurred.
 $10,416.67       x 50%       = $5,208.34
                                                                                                                                           7
                                                                              How to apply for retirement


    Retirement Benefits for Judicial Officers JRS Plan II


Y    ou must notify ERS not more than
     90 days before the date you want
to retire. Your request must be received
                                            Account withdrawal

                                            If you leave judicial service, you may
                                                                                        For more information

                                                                                        You may write, call or visit ERS for
before the last day of the month in         withdraw all of the money in your           more detailed information on retire-
which you plan to retire. Retirement        JRS-II account, but by doing this you       ment and on the JRS Plan II Program.
may commence on any day of the              cancel your service credit in the system,   To assist ERS in responding to your
month. ERS will need the following          which, in turn, terminates your rights      requests, please provide your name as it
from you to complete the retirement         to JRS-II benefits. In order to withdraw    appears on your court payroll records
process:                                    from your JRS-II account, contact ERS       and your Social Security number. If
                                            Customer Service.                           you wish to visit ERS in person, please
• your name and Social Security                                                         call in advance to schedule an ap-
  number;                                   ERS is here for you                         pointment. Your call will permit the
• your mailing address;                     Annual Statement of Benefits                Customer Benefits staff to review your
• a telephone number where you                                                          file prior to your arrival and reduce the
  may be contacted between 8 a.m.           ERS will send you a Statement of            waiting time during your visit. ERS is
  and 5 p.m. weekdays;                      Retirement Benefits near the month          open from 8 a.m. until 5 p.m., Monday
• the effective date of your retirement;    following your birthday, around the         through Friday, except on holidays.
• a copy of your birth certificate;         same time you receive your summary
  and                                       of Social Security benefits from the
                                            Social Security Administration. You can     Retirement records of members and
• a copy of your beneficiary’s birth
                                            use the two statements together to get      beneficiaries are confidential. ERS will
  certificate if you plan to retire under
                                            a complete picture of your retirement       not release certain information about
  Option 1, 2 or 5.
                                            benefits. The Statement of Retirement       your account without your written
                                            Benefits provides you important retire-     authorization.
Applying for your contribution refunds
                                            ment planning information, including
Terminating judicial officers are not       benefit estimates and vesting informa-
required to withdraw their retirement       tion.
contributions. If you have 12 or more
years of service credit, you are entitled
to receive a monthly annuity upon
reaching retirement age.

Current law provides you this “vested”
right to retirement benefits if you do
not withdraw your contributions, even
though you leave the bench and cease
contributing. You do not have to be
an active judicial officer at the time of
retirement.




8
Requesting more
information
         ERS Services: • Pre-retirement counseling,
                       • Benefit estimates,
                       • Annuity processing and
                       • Benefit payments.

                        To visit in person:
                                  Employees Retirement System of Texas
                                  200 E. 18th Street
                                  Austin, Texas 78701
                                  (Free parking is available in front of the ERS entrance parallel to 18th St.)

                        To write:
                                 Employees Retirement System of Texas
                                 Customer Benefits Division
                                 P. O. Box 13207
                                 Austin, Texas 78711-3207

                        To call:
                                   In Austin (512) 867-7711, ext. 7115 or 7387
                                   (877) 275-4377, toll-free, ext. 7115 or 7387

                        Our website:
                               www.ers.state.tx.us
 Employees           Retirement
      System   of   Texas


Customer Benefits Division
      P.O. Box 13207
Austin, Texas 78711-3207

 www.ers.state.tx.us

								
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