Chapter 27: JUDICIAL RETIREMENT ON OR AFTER DECEMBER 1, 1984
Subchapter 5: PAYMENT OF BENEFITS
§1352. Retirement benefits
1.Amount.
The service retirement allowance of a member is determined under the provisions of this chapter in effect on the member's
date of final termination of service. Subject to the maximum benefit provided for in subsection 3-A and the minimum benefit
provided for in subsection 4, the total amount of the retirement allowance of a member retired in accordance with section
1351 is equal to the sum of:
A. 1/50 of the member's average final compensation multiplied by the number of years of membership service, from December 1,
1984 to June 30, 1998 and creditable service allowed under section 1302, subsection 3; [1997, c. 643, Pt. M, §12 (AMD).]
B. The earned benefit for prior service as a judge as determined by subsection 2; and [1997, c. 643, Pt. M, §12 (AMD).]
C. Three percent of the member's average final compensation multiplied by the number of years of membership service beginning
July 1, 1998. [1997, c. 643, Pt. M, §12 (NEW).]
[
2001, c. 439, Pt. VV, §1 (AMD)
.]
2.Benefit for service prior to December 1, 1984.
The earned benefit for judicial service prior to December 1, 1984, is equal to the years of service prior to December 1,
1984, not to exceed 10 years, divided by 10, multiplied by 75% of the salary as of November 30, 1984, for the position from
which the judge retired.
[
1997, c. 643, Pt. M, §12 (AMD)
.]
3.Maximum benefit.
[
2001, c. 439, Pt. VV, §2 (RP)
.]
3-A.Maximum benefit.
Except as provided in subsection 4, a judge in service on December 1, 1984, or appointed on or after December 1, 1984, may
not receive a benefit that exceeds 70% of that judge's average final compensation, not including adjustments under section
1358. The benefit amount of any judge retired prior to the effective date of this subsection whose benefit amount was limited
according to the terms of former subsection 3 must be recalculated according to this subsection and the recalculated amount
must be paid retroactive to the judge's effective date of retirement.
[
2001, c. 439, Pt. VV, §3 (NEW)
.]
4.Minimum benefit.
Each judge in service on December 1, 1984, who is 50 years of age or older on that date is entitled to a minimum benefit
equal to 75% of the salary as of June 30, 1984, for the position from which the judge retired, increased by 6% compounded
annually, for each year or part of a year served subsequent to June 30, 1984, up to and including June 30, 1989. For each
year or part of a year served after June 30, 1989, the allowance is increased by an amount equal to the cost-of-living factor
granted the previous September, as determined pursuant to section 1358, compounded annually.
[
1997, c. 643, Pt. M, §12 (AMD)
.]
5.Termination of benefits.
The service retirement benefit of a judge ceases upon the return to service as a judge. A judge returned to service continues
to earn credit toward retirement.
[
1997, c. 643, Pt. M, §12 (AMD)
.]
6.Service beyond age 70.
[
1989, c. 133, §28 (RP)
.]
SECTION HISTORY
1983, c. 853, §§C15,18 (NEW).
1983, c. 863, §§B23-25,B45 (AMD).
1985, c. 693, §10 (AMD).
1985, c. 737, §§C3,6 (AMD).
1989, c. 133, §28 (AMD).
1997, c. 643, §M12 (AMD).
2001, c. 439, §§VV1-3 (AMD).
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