This bill is a transparent and direct attack on the judiciary and an affront to the separation of power. If you have the time, please read the testimonies submitted (every single one is in opposition) and understand how it's an assault on checks and balances and petty revenge of a corrupt legislature. 

Basically, the legislature is upset that they can't control the rulings of judges and this bill, as well as three others (including one allowing senate to approve retained judges) are submitted to corrupt the judiciary.

A reduction in the pension of new judges (a group too small to have a real impact on fiscal savings for the state) will disincentive lawyers who have the experience, reputation, and moral standing to be a judge. Our judge pool quality will be substandard because this bill raises the opportunity cost to be a judge. Less qualified judges are more likely to make ill concieved rulings as well as bend to the pressure of legislators.

Horrible.