Video & Transcript Research : 'calculators'
Page 10 of 202
MN
Transcript Highlights:
- <00:32:10.519>
the our compensatory Revenue calculation the our compensatory Revenue calculation - <00:32:30.799>
in to build into the calculation in to build into the calculation in addition - Again, this would be a hold harmless for one year as a recommendation from the governor. calculations
- take that to account for calculations take that to account for calculations when<01:43:11.840>
<01:45:42.280>were the 95 and 90% um calculations were the 95 and 90% um calculations were
KY
Kentucky 2025 Regular Session
House Standing Committee on Appropriations and Revenue (3-4-25)
Transcript Highlights:
- My own calculations are $100 to $120 million if you start playing around those matches, so we're looking
- My own calculations are $100 to $120 million if you start playing around those matches, so we're looking
- My own calculations are $100 to $120 million if you start playing around those matches, so we're looking
- My own calculations are $100 to $120 million if you start playing around those matches, so we're looking
- of the 100 to120 million if calculations of the 100 to120 million if you<00:19:54.400>
start <
Keywords:
Meeting start 00:00:00
Roll Call 00:00:15
HB 537 Discussion 00:01:30
HB 537 Vote 00:05:15
HB 695 Discussion 00:07:00
HB 695 Vote 00:23:15
HJR 31 Discussion 00:27:40
HJR 31 Vote 00:29:55, 958, all
Summary:
The committee first took up House Bill 537, as amended by PHS 1, which was described as a technical measure needed to ensure Kentucky can receive opioid settlement funds despite changes in bankruptcy court orders. The sponsor and Attorney General’s office explained that the bill does not change the settlement formula or substantive terms, but adjusts the mechanism for receiving the money. After brief discussion, the committee adopted PHS 1 and then passed HB 537 out favorably on a 17-0 vote, with one member recording attendance after arriving late.
The committee then considered House Bill 695, also amended by PHS 1, a Medicaid stabilization bill. The sponsor said the measure is intended to hold the program steady while the legislature gathers more information and awaits work by a future Medicaid Oversight and Advisory Board. The bill would limit new waivers, state plan amendments, and coverage expansions; require reporting and record retention; create a Kentucky Medicaid Pharmaceutical Rebate Fund; direct certain behavioral health and managed care changes; and include an emergency clause. Members raised questions about the rebate fund, work requirements, and whether the bill could affect coverage or funding, while supporters emphasized transparency, data collection, and preventing new expansions until oversight is in place.
Several members spoke in favor of the bill’s goals but expressed caution about micromanaging a complex program and about possible unintended consequences for beneficiaries. Representative Fleming stressed the need for stronger oversight and noted the potential fiscal impact of federal Medicaid changes. Representative Stevenson voted pass, saying the committee should let the new oversight board handle the issue, and Representative Gentry also passed, citing concern about overreach and the burden of data collection. The committee ultimately reported HB 695 favorably on a 16-1 vote with three pass votes. Afterward, members recorded additional yes votes on HB 537 for the record.
MN
Minnesota 2025-2026 Regular Session
Legislative Commission on Pensions and Retirement - 04/07/26
Minnesota Senate Floor Meeting
Transcript Highlights:
- joint and assumption for calculating joint and survivor<00:23:07.880>
annuities <00:23:09.040> - liabilities and have a different number for calculating these annuities?
- When it comes to calculating When it comes to calculating um um um basically<00:25:33.880>
the - <00:30:22.200>
The PERA accrual was calculated. The PERA accrual was calculated. - <00:31:42.480>
work, between the way those calculations work, between the way those calculations
OK
Transcript Highlights:
- And I am told that the calculations come out about the same.
- The calculation for the conversion delivers an equivalent income qualification threshold.
- When you calculate right across the border in Arkansas, who has a minimum number of days of 183, and
- When you calculate a kid going to the Arkansas school, even if they use the 178...
- Are you aware that I did some global research as well, based on your calculations?
Bills:
HB2210, HB2398, HB2959, HB3006, HB3026, HB3151, HB3315, HB3372, HB3467, HB3590, HB4268, HB4359, HB4427
Keywords:
youth apprenticeship, career education, workforce development, high school programs, mentorship, vocational training, state oversight, credential of value, education, labor market, government reporting, school abuse reporting, child abuse, neglect, mandatory reporting, student safety, school employee misconduct, administrator reporting, superintendent, law enforcement notification
MN
Minnesota 2025-2026 Regular Session
House Energy Finance and Policy Committee 3/5/26
Energy Finance and Policy
Transcript Highlights:
- of energy and our total energy purchased and calculate how much that energy cost us.
- So, we calculate a power cost customers?
- Have you done any calculations? Meyer. Have you done any calculations?
- a full calculation of the<00:16:30.320>
total <00:16:30.639>savings. - and and that when we do the calculations and and that when we do the calculations to<01:24:23.840
CA
Transcript Highlights:
- of the fines to our own calculations based on state law and Cal OSHA's policies.
- Our audit also identified instances where Cal OSHA staff made questionable decisions when calculating
- a supervisor from that company was driving the forklift unsafely, and we compared how Cal OSHA calculated
- the employer's fine versus our own calculation.
- OSHA's policies that do not specify how or where personnel should document their reasoning when calculating
Summary:
The hearing focused on a state audit of Cal/OSHA titled “The Division of Occupational Safety and Health: Process Deficiencies and Staffing Shortages Limit Its Ability to Protect Workers.” Committee leaders and the audit team described serious workplace tragedies, argued that California’s worker protections are not being adequately enforced, and said the audit was prompted by concerns that Cal/OSHA was too often relying on letters instead of inspections, delaying investigations, and closing cases without enough documentation. Members repeatedly emphasized that the issue was not just staffing, but also outdated policies, weak oversight, and inconsistent enforcement.
State Auditor Grant Parks said the audit found a 32% vacancy rate in 2023-24, heavy reliance on hard-copy files, outdated or unclear policies, and inconsistent decision-making in complaints, accidents, citations, and fine reductions. He said Cal/OSHA conducted on-site inspections in only about 20% of complaints, used letter investigations more than 80% of the time, often lacked evidence that hazards were corrected, and sometimes failed to inspect serious injury cases on time. The audit also found weak documentation for fine calculations and settlement reductions, with some penalties reduced substantially without clear explanations. Parks said the agency had accepted the findings and would provide progress updates later in the year.
Committee members pressed the auditor on vacancy rates, the use of letter investigations, the low rate of criminal referrals, and whether fines were being reduced too often. Cal/OSHA and DIR officials responded that the vacancy rate had fallen to 12% partly because 66 vacant positions were eliminated in a statewide budget reduction and partly because of hiring; they said 126 people had been hired in the first half of the year. They also said they had hired a policy writer, were updating several policies, were planning periodic internal audits, and were developing a new data management system expected to go live in late 2026 or early 2027. On fines, officials said Title 8 sets base penalties and allows adjustments based on factors like employer size, history, and good faith, with appeals and informal conferences also affecting final amounts. No votes or formal actions were taken during the hearing.
WY
Transcript Highlights:
- , add all the soft cost uh calculator, add all the soft costs.<00:13:30.040>
We <00:13:30.160>< - It also matches the calculation timings... formula under which these distributions formula under which
- these distributions are<00:22:51.000>
calculated <00:22:51.720>beginning <00:22:52.160> - are calculated beginning in fiscal year 2027. 2027. 2027.
- <00:23:22.560>
timings It also matches the calculation timings for sales and use taxes to
Bills:
SF0052
HI
Transcript Highlights:
- , which is what we're talking about—the calculations from Kalihi to Ala Moana and in Eva—but explained
- , which is what district calculations, which is what we're<00:41:53.200>
talking <00:41:53.440> about <00:41:53.680>the <00:41:53.920>calculations we're talking about the calculations- we're talking about the calculations from<00:41:54.960>
Khaled <00:41:55.440>to <00:41: - updated the district calculations? updated the district calculations?
Summary:
The Joint Senate Committee on Education, Hawaiian Affairs, and Housing heard House Bill 1088 HD1, which would exempt housing developed by the Department of Hawaiian Homelands (DHHL) from school impact fees. The Department of Education said it was open to working with DHHL and the Legislature, including possibly eliminating the construction-cost portion of the fee for DHHL and other government affordable housing projects, but it wanted to retain the land-dedication requirement for future school sites where growth would exceed existing school capacity. The School Facilities Authority supported the bill, and DHHL strongly supported it, noting that its testimony referenced an earlier emergency proclamation but that the exemption remains in the current proclamation. DHHL also said it had no objection to a proposed amendment from the Wahiawa Hawaiian Homestead Association.
The Tax Foundation of Hawaii testified in opposition to the broader school impact fee program, arguing that the fund has accumulated about $29 million that has not been spent and citing concerns raised in State Auditor Report 19-13, including administrative and constitutional issues. Committee discussion focused heavily on whether the fee system is being applied fairly, especially to smaller projects and homeowners, and whether the districts and calculations used to assess fees have been updated. Members questioned the DOE and SFA about the distinction between land and construction costs, the use of fees in areas like Kīhei, Kalihi, Ala Moana, and Ewa, and whether the department had revisited district calculations as recommended in the audit. DOE said it had collected about $500,000 in construction money and $2.8 million in land contributions for Kalihi-related areas, and said it would follow up on questions about land conveyances and district updates.
After discussion, the chair called for a vote. The Education committee recommended passing HB 1088 HD1 as is, with Senator San Buenaventura voting with reservation and Senators Ihara and Kole voting aye. The recommendation was adopted. The Housing committee then also deferred the measure.
HI
Hawaii 2025 Regular Session
ECD Public Hearing - Wed Feb 5, 2025 @ 10:00 AM HST
Economic Development & Technology
Transcript Highlights:
- Is there a way to calculate the return on investment from each of these offices and what's the average
- The way to calculate the return on investment is the engagement that we have with the organizations or
- You know, I did some calculations to give you a sense of who would be helped, and finally, to address
- You know, I did some calculations to give you a sense of who would be helped, and finally, to address
- You know, I did some calculations to give you a sense of who would be helped, and finally, to address
Summary:
The Committee on Economic Development and Technology met on February 5, 2025, and heard testimony on several bills related to economic development, broadband, tax policy, and family support. HB 455 drew support for a startup-business loan program, with DBEDT, the Hawaii Food Industry Association, the Chamber of Commerce of Hawaii, and Hmua Collective among those in favor; Tax Foundation Hawaii questioned the need for a special fund. HB 437, concerning Hawaii trade/investment offices, received support from DBEDT and Hawaii Friends for Civil Rights, and members asked DBEDT about how to measure return on investment from the overseas offices. HB 650, dealing with broadband-related administration, was supported by DBEDT, the Department of Agriculture, the Hawaii Food Industry Association, and others, while committee discussion focused on the role of the state’s trade and investment offices and broadband administration. HB 935, on digital navigator support, received testimony in favor from DBEDT, the Hawaii State Council on Developmental Disabilities, the University of Hawaii system, and others, but also drew comments about consumer representation and the need for service on neighbor islands.
The committee also heard strong testimony on tax and family-related measures. HB 572, which would remove the grocery tax, received overwhelming support from groups including the Hawaii Food Industry Association, AARP Hawaii, and others, with testimony emphasizing food insecurity and cost-of-living relief; Tax Foundation Hawaii offered technical comments. HB 701, a caregiver tax credit bill, was supported by AARP Hawaii, Hawaii Children’s Action Network Speaks, and others, with AARP stressing the burden on family caregivers and Tax Foundation Hawaii suggesting the credit percentage be reduced to preserve price-shopping incentives. HB 753, another child and dependent care tax credit measure, drew support from AARP Hawaii, Catholic Charities Hawaii, Hawaii Children’s Action Network Speaks, and others; Tax Foundation Hawaii again raised technical concerns, this time about the complexity of the formula.
After testimony, the committee took up decision-making. HB 455 was passed with amendments, including transferring administrative responsibility from the Hawaii Technology Development Corporation to the Community-Based Economic Development Program, blanking out the appropriation, adding one business loan officer FTE, and noting a $95,000 cost. HB 437, HB 650, HB 934, HB 442, and HB 572 were all advanced with amendments, generally involving blanking out appropriations, moving amounts into committee notes, technical cleanup, and setting effective dates to July 1, 3000. HB 935 was deferred because of overlap with public library programs and uncertainty about federal funding for digital navigator positions. The chair also indicated HB 7 would be amended to add a nonrefundable family caregiver tax credit and related technical changes, but the transcript cuts off before final action on that bill.
MD
Transcript Highlights:
- It establishes that for the July 1st, 2026, and 27 calculations of the cost of living rate adjustment
- c><00:12:25.680>
2026 <00:12:26.720>and <00:12:27.120>27 <00:12:27.920>calculations - the July 1st, 2026 and 27 calculations the July 1st, 2026 and 27 calculations of<00:12:29.279>
- did not issue the data we use for labor did not issue the data we use for the<00:13:02.399>
calculation - So we utilized a the calculation.
- did not issue the data we use for labor did not issue the data we use for the<00:13:02.399>
Summary:
The Maryland Senate met on Friday, February 27, with an invocation by Reverend Howard Travers and several guest introductions, including family members, defense organization leaders, a South Asian Herald editor, Eagleton Institute fellows, and physicians from Johns Hopkins. The chamber journalized the prayer, confirmed a quorum, and then moved into bill introductions, House messages, and committee reports. Several measures were advanced without objection, including Senate Bill 338 to extend a work group report deadline on transfer of retirement system member services, Senate Bill 448 authorizing Carroll County public facilities bonds up to $27 million, Senate Bill 453 clarifying that the Arabian horse race associated with Preakness can be run at Laurel Park, Senate Bill 614 allowing Dorchester County detention officers to join the correctional officers retirement system if the county opts in, and Senate Bill 724 making a technical emergency adjustment to cost-of-living calculations for retirees because October CPI data was unavailable during a government shutdown. Each of those bills received favorable committee reports and was ordered printed for third reading after no objections or amendments were offered.
Two bills were postponed for later consideration: Senate Bill 538 on Baltimore City raffles tied to organizations affiliated with professional baseball and football teams was special ordered to Wednesday of the following week, and Senate Bill 108 on water resources and wetlands enforcement was special ordered to March 3 while members worked on possible amendments. Senate Bill 56 on the Maryland Longitudinal Data System Center and third-party data sharing was also special ordered to the following Wednesday because committee discussion was ongoing. House Bill 6 and House Bill 372 were received and referred to the appropriate standing committees.
The Senate also took up Executive Nominations Committee Report No. 3 and, after no nominations were separated out, confirmed the executive nominations by a vote of 41 in the affirmative. Later, the chamber heard a personal privilege statement from a Montgomery County senator about Julius Rosenwald and Rosenwald schools in Maryland, highlighting preservation efforts and an upcoming Scrabble tournament fundraiser at a Rosenwald school. The Senate then confirmed a quorum, and the Majority Leader moved that the Senate stand in recess until Monday, March 2 at 8:00 p.m., which was adopted without objection.
NM
New Mexico 2025 Regular Session
IC - Public School Capital Outlay Oversight Task Oct 10th, 2025
Public School Capital Outlay Oversight Task Force
Transcript Highlights:
- As I got out my calculator and did some quick calculations, it looks like these units are coming in at
- I wrote down my calculations. Okay, thank you, Mr. Jarrett.
- We calculate based on the language here to ensure that no district receives less than $100,000, while
- If you received a zero, we have a separate calculator that will then take the...
- The APG, the adequacy planning guide, the adequacy standards, and the gross square foot calculator are
TX
Transcript Highlights:
- Was that an over-calculation? Or was that accurate? I don't know exactly how that process occurred.
- Whether or not that was an over-calculation or an under-calculation, because there's no way to really
- Condition, so if there's an over-calculation of approximate export use or development of private water
- Calculation on either acreage or acreage plus goes back to the chairman's bill, which is why it's so
- Be different than what it was calculated in 2011. Did it seem extremely beneficial to the board?
Keywords:
groundwater, conservation, water permits, sustainability, resource management, 997, house, all
MN
Minnesota 2025 1st Special Session
House public safety committee OKs bill to increase fines, jail time for fleeing police 2/19/25
Transcript Highlights:
- Number two, part of the calculated risk is: do I have a warrant for my arrest?
- calculated calculated risk<00:10:50.839>
do <00:10:51.040>I <00:10:51.240>have < - <00:11:04.480>
risk Number two, part of the calculated risk: Do I have any contraband in my - That's the calculated risk that these individuals face.
- That's the calculated risk that these individuals face.
NY
New York 2025-2026 Regular Session
Senate Standing Committee on Energy and Telecommunications - 05/13/2026
Energy And Telecommunications
Transcript Highlights:
- So most of us calculate, especially in the context of RGGI, that there is more, that we are underspending
- How would, if it's municipally owned, how would the revenue be calculated? Thank you.
- So that's the calculation that is done, but it cannot be more than $25,000 for the penalty per each day
- Yeah, that's how the penalty would be calculated. But what about the municipal revenue?
- How is that calculated? They have to submit annual income statements to the PSC. Okay, thanks.
Summary:
The Senate Energy and Telecommunications Committee, chaired by Senator Kevin Parker, met to consider a series of energy, utility, housing, and labor-related bills. The committee discussed Senator Parker’s clean hydrogen bill authorizing NYSERDA to administer programs to fund clean hydrogen projects, with members debating how it would be financed through NYSERDA’s system benefit charge and RGGI funds and whether there should be a fiscal estimate. Despite concerns from some members about cost transparency and the use of ratepayer-supported funds, the bill advanced to the Finance Committee with three without-recommendation votes. The committee also advanced Senator Parker’s bill directing NYSERDA to study hydrogen feasibility, Senator Gonzalez’s Green Affordable Pre-Electrification Program bill, Senator Hinchey’s natural carbon sequestration research program bill, Senator Gineris’s bill increasing penalties for utility annual report failures, Senator Comrie’s EV charging fee transparency bill, and Senator Parker’s battery energy storage workforce and labor standards bill. Senator Comrie’s outage hotline bill moved to third reading, while Senator Parker’s renewable hydrogen center program bill advanced despite a technical objection that a deadline in the bill had already passed, and the battery storage bill was referred to the Labor Committee.
Several bills drew specific concerns. On the outage hotline bill, members questioned whether small municipal electric and water systems should be exempted rather than required to petition for an exemption, and one member said they would not support the bill without a carve-out. On the annual report penalty bill, members asked about the lack of documentation for the penalty increase and whether municipal utilities would be affected; the sponsor explained the penalty was updated from a 1900-era statute to reflect inflation and that municipal utilities file with the PSC. On the EV charging transparency bill, a member suggested the bill should also require credit card payment options, not just prohibit mobile-device-only payment. On the battery storage labor bill, members asked whether remote operations would count as on-site work and whether out-of-state remote monitoring would be covered; the sponsor said that was the intent and would follow up with labor counsel on residency questions. The committee concluded by adjourning after moving the listed bills forward.
MN
Minnesota 2025-2026 Regular Session
House Taxes Committee hears bill aimed at attracting major sporting events to Minnesota 4/28/26
Transcript Highlights:
- This kind of calculation is difficult.
- This kind of calculation is difficult.
- This kind of calculation is difficult.
- This kind of calculation is difficult.
- the this kind of calculation. the this kind of calculation.
Summary:
The committee took up House File 4949, as amended by the adopted H4949A2 and H4949A3 amendments. The bill would create a sports and events reimbursement program intended to give Minnesota a more reliable funding mechanism to compete for major sporting and entertainment events. Representative Lislegard and supporters argued that events such as the Super Bowl, NFL Draft, Final Four, World Juniors Hockey, and Olympic trials generate substantial economic activity, tax revenue, and statewide visibility, and that Minnesota has lost opportunities because it lacks a standing competitive fund.
Testifiers from the Minnesota Business Partnership and Minnesota Sports and Events strongly supported the bill, describing it as a performance-based, closed-loop model that reinvests tax revenue generated by events into securing future events. Jess Graba, Cheryl Lindsey, and Dr. William Campbell emphasized community benefits beyond economics, including youth inspiration, school improvements, inclusion, and positive local engagement tied to events like the Olympic trials, the Women’s Final Four, and WWE appearances. Several testifiers cited specific figures, including roughly $71.5 million in economic impact and $4.7 million in tax revenue for World Juniors, about $74.8 million and $5.7 million for the gymnastics trials, and more than $430 million in lost economic impact from events Minnesota did not secure.
Members raised concerns about the funding mechanism, especially the use of revenue that would otherwise go to the general fund or other accounts. Representative Huot said he supported bringing events to Minnesota but was uneasy about diverting general fund money and suggested stronger legislative oversight, possibly through a formal sports committee. Representative Youakim asked how the bill’s revenue capture would work and noted concerns about taking money from transportation-related accounts; staff explained that the amended bill affects seven state taxes and a fee, including motor vehicle rental taxes and the retail delivery fee, with some revenue directed to non-general fund accounts. Members also requested more information on the methodology behind the University of Minnesota Extension economic impact studies, and staff said those studies could be shared. No final vote on the bill was taken in the portion provided.
MN
Transcript Highlights:
- Without inflation in that calculation, that balance would be 1.61 billion.
- that balance would be calculation that balance would be 1.61<00:03:38.599>
billion <00:03:39.599 - <00:10:32.519>
fiscal <00:10:32.880>year <00:10:33.079>25 calculate fiscal year - 25 calculate fiscal year 25 information<00:10:35.360>
um <00:10:35.880>and <00:10:36.240 - <00:51:21.799>
on elsewhere anything that's calculated on elsewhere anything that's calculated
WY
Wyoming 2026 Regular Session
Select Committee on School Facilities, May 19, 2026 - AM
Select Committee on School Facilities
Transcript Highlights:
- And then square footage is calculated.
- the allowable square footage calculation the allowable square footage calculation excluding<00:42
- So, calculated really in three steps.
- >
authorized So, the calculations for authorized So, the calculations for authorized square<00 - calculating calculating what<00:58:34.800>
is <00:58:35.000>a <00:58:35.440>called<
MN
Minnesota 2025-2026 Regular Session
Bill to expand MN renter's credit heard in House tax committee 3/26/25
Transcript Highlights:
- And secondly, the definition of a household's income for qualifying for and calculating the credit has
- Secondly, the definition of a household's income for qualifying for and calculating the credit has been
- I excuse me. able to say that the calculation for the renters' credit that's funny, the microphone just
- I excuse me. able to say that the<00:16:15.079>
calculation <00:16:16.079>for <00:16:16.320 - <00:26:02.720>
that and that that is a calculation that and that that is a calculation that
Summary:
The committee heard House File 2499, authored by Representative Lee, which would expand Minnesota’s renters’ credit to more closely match the homestead credit for homeowners. Lee explained that the bill would raise the income cutoff from about $75,389 to $143,140 and increase the maximum credit to $3,500, with the goal of addressing what she described as an inequity between renters and homeowners who both pay property taxes. She cited revenue estimates showing the change could make about 80,000 additional renters eligible, while acknowledging the bill would be costly to enact this year.
Nan Madden of the Minnesota Budget Project testified in support, describing how the renters’ credit works, including the assumption that 17% of rent goes toward property taxes. She highlighted 2022 data showing most recipients had low incomes, many were seniors or people with disabilities, and participation was higher in greater Minnesota in some respects. Michael Dah of Homeline also supported the bill, saying renters face rising housing costs and use the credit for basic needs such as groceries, school supplies, medical care, and car repairs.
Members discussed whether expanding the credit would simply benefit landlords or encourage rent increases. Representative Anderson opposed the bill on the grounds that policy should incentivize homeownership, while Representative Huitt argued the credit could help renters build savings and move toward homeownership if they choose. Representative Lee responded that the housing market is broken and that the credit is one tool to help renters in a broader housing continuum. The discussion also covered outreach and administration of the credit, including the recent move to file it with income taxes, electronic certificates of rent paid, and funding for tax-preparation assistance and outreach through VITA sites and community organizations. The bill was laid over for possible inclusion in the omnibus tax bill.
KY
Kentucky 2025 Regular Session
Public Pension Oversight Board (1-27-25)
Transcript Highlights:
- Several allow as many as 16 days total that can be used toward their final retirement calculation.
- this this lack of uniformity calculation this this lack of uniformity creates<00:35:38.160>
some< - <00:35:49.200>
if to their final retirement calculation if to their final retirement calculation - based on what they were not calculated based on what they were worth<00:40:58.319>
the <00:40: - <00:41:49.520>
of <00:41:49.760>how understood the the calculations of how understood
Keywords:
Meeting Start: 00:02
Attendance Roll Call: 00:49
Approval of Minutes: 01:55
CERS Retiree Health Subsidy Proposal: 02:14
SB 58: 24:05
TRS Sick/Annual Leave Proposal: 32:53
Adjournment: 48:00, 958, all
Summary:
The committee first approved the prior month’s minutes after a roll call established a quorum. It then heard testimony on a draft proposal from Senator Robbie Mills to increase CERS retiree health subsidies for members retiring on or after July 1, 2003. The bill would raise the non-hazardous subsidy from $14.63 to $40 per month per year of service and the hazardous-duty subsidy from $21.94 to $50, with employee contribution rates adjusted based on the health trust’s funded status. Supporters from sheriffs, firefighters, police chiefs, and the Kentucky League of Cities said the change would improve recruitment and retention, better align the subsidy with the cost of a single health plan, and preserve the system’s financial footing through shared employer-employee costs and funding triggers.
Committee members asked about the fiscal impact, the effect of funding levels above 150%, and how the subsidy would work for rehired retirees or employees who later take private-sector jobs. Mills and other witnesses said preliminary actuarial work was still forthcoming, that the bill was intended to be revenue-neutral or close to it, and that the subsidy would continue to be paid monthly; they also noted existing 2008 rules for rehired retirees and said the benefit would still be available even if a retiree later had other insurance. One member suggested looking at stable accounts as an additional option for special-needs planning in a later bill.
The committee then heard Senate Bill 58 from Senator Robin Webb, which would allow state employees to designate a Special Needs Trust as a beneficiary for retirement benefits. Webb said the measure would help employees provide for disabled dependents without jeopardizing SSI or Medicaid eligibility, and that the bill follows federal special-needs trust rules. He said the proposal could be revenue neutral, but actuarial analysis was still pending and KPPA had asked for electronic rather than paper transfer provisions. Members questioned whether the authority already exists, how the trust would work, and whether stable accounts should also be considered; Webb said he would follow up with additional information.
MN
Transcript Highlights:
- She spends a few hours each month calculating and remitting.
- She spends a few hours each month calculating and remitting.
- She spends a few hours each month calculating and remitting.
- She spends a few hours each month calculating and remitting.
- I mean, we is there any way to calculate I mean, we can<00:53:50.240>
calculate <00:53:50.680>
Keywords:
local government aid, Baldwin, taxation, base year formula, municipal funding, population aid, aid penalty forgiveness, Minnesota, city funding, appropriations, HF156, lawful gambling, veterans organizations, licensed veterans organization, Minnesota gambling law, gross profits, lawful purpose, real property repair, facility maintenance, capital assets