1. a. A judge towhom this article applies shall be paid an amount equal to the basic salary of the judge as set by the general assembly reduced by an amount designated as the judge’s required contribution to the judicial retirement fund. The amount designated as the judge’s required contribution shall be paid by the state in the manner provided in subsection 2. b. The state shall contribute annually to the judicial retirement fund an amount equal to the state’s required contribution for alljudges covered under this article. 2. The amount designated as the judge’s required contribution to the judicial retirement fund shall be paid by the department of administrative services from the general fund of the state to the court administrator for deposit with the treasurer of state to the credit of the judicial retirement fund. Moneys in the fund are appropriated for the payment of annuities, refunds, and allowances provided by this article, except that the amount of the appropriations affecting payment of annuities, refunds, and allowances to judges of the municipal and superior court islimited to that part of the fund accumulated for their benefit as provided in this article. The corpus and income of the fund shall be used only for the exclusive benefit of the judges covered under this article, their survivors, or an alternate payee who is assigned benefits pursuant to a domestic relations order. 3. A judge covered under this article is deemed to consent to the reduction in basic salary as provided in subsection 1. 4. Any change to the required contribution rate shall be shared between judges and the state in the same proportion as the required contribution rate. 5. As used in this section, unless the context otherwise requires: a. “Judge’s required contribution” means an amount equal to the basic salary of the judge multiplied by the percentage rate equal to thirty-fivepercent of the required contribution rate. b. “Required contribution rate” means that percentage of the basic salary of all judges covered under this article equal to the actuarially required contribution rate determined by the actuary pursuant to section 602.9116. The required contribution rate shall not vary by more than one percentage point from the required contribution rate for the prior fiscal year. c. “State’s required contribution” means an amount equal to the basic salary of all judges covered under this article multiplied by the percentage rate equal to sixty-five percent of the required contribution rate. CS83, §602.9104 114; 2003 Acts, ch 145, §286; 2006 Acts, ch 1091, §12; 2008 Acts, ch 1171, §54, 55; 2024 Acts, ch 1153, §8, 9
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