[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 2172 Introduced in Senate (IS)]

103d CONGRESS
  2d Session
                                S. 2172

 To amend chapter 17 of title 28, United States Code, to provide that 
     bankruptcy judges and magistrates may receive cost-of-living 
 adjustments to their annuities after ceasing the practice of law, and 
                          for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                 June 9 (legislative day, June 7), 1994

  Mr. Cochran introduced the following bill; which was read twice and 
               referred to the Committee on the Judiciary

_______________________________________________________________________

                                 A BILL


 
 To amend chapter 17 of title 28, United States Code, to provide that 
     bankruptcy judges and magistrates may receive cost-of-living 
 adjustments to their annuities after ceasing the practice of law, and 
                          for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. COST-OF-LIVING ADJUSTMENTS TO THE ANNUITIES OF BANKRUPTCY 
              JUDGES AND MAGISTRATES AFTER THE CESSATION OF THE 
              PRACTICE OF LAW.

    (a) In General.--Section 377(m)(1)(B)(i)(II) of title 28, United 
States Code, is amended to read as follows:
                                    ``(II) the annuity payable under 
                                this section to such bankruptcy judge 
                                or magistrate--
                                            ``(aa) for periods 
                                        beginning on the date such 
                                        election takes effect through 
                                        the date on which such 
                                        bankruptcy judge or magistrate 
                                        ceases to practice law, shall 
                                        be equal to the annuity to 
                                        which such bankruptcy judge or 
                                        magistrate is entitled on the 
                                        day before the date such 
                                        election takes effect; and
                                            ``(bb) for all periods 
                                        after such an election that 
                                        such bankruptcy judge or 
                                        magistrate ceases to practice 
                                        law, shall be equal to the 
                                        annuity such bankruptcy judge 
                                        or magistrate would otherwise 
                                        receive under this section as 
                                        adjusted under subsection (e) 
                                        (excluding cost-of-living 
                                        adjustments made during any 
                                        period of practicing law).''.
    (b) Effective Date.--The amendment made by this section shall take 
effect on the date of the enactment of this Act and shall apply only to 
any cost-of-living adjustment made under section 377(e) of title 28, 
United States Code, on or after such date of enactment.

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