Summary: H.R.2586 — 100th Congress (1987-1988)All Information (Except Text)

There is one summary for H.R.2586. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/03/1987)

Retirement and Survivor Annuities for Bankruptcy Judges and Magistrates Act of 1987 - Establishes a new retirement system for bankruptcy judges and magistrates with 14 or more years of service, or at least eight years of service, upon attaining age 65. Entitles a bankruptcy judge or magistrate who has served at least five years to disability retirement. Provides for cost-of-living adjustments in such retirement system.

Requires each bankruptcy judge or magistrate who elects an annuity under this Act to notify the Director of the Administrative Office of the United States Courts. Declares that such judge or magistrate shall not be entitled to an annuity under the civil service systems.

Declares this Act applicable to service on or after October 1, 1979.

Establishes transition provisions for incumbent judges and magistrates.

Provides survivors' annuities for bankruptcy judges, magistrates, and incumbents.

Authorizes the recall of retired bankruptcy judges and magistrates into service.