Video & Transcript Research : 'liability reduction'
Page 141 of 443
TX
Transcript Highlights:
- Licenses in 40% less time, owed a 57 percent reduction to a record low.
- insurance verification system that is used by law enforcement, courts, and tax authorities. to confirm liability
NM
New Mexico 2025 Regular Session
House - Energy, Environment and Natural Resources Feb 4th, 2025
House Energy, Environment & Natural Resources
Transcript Highlights:
- They must show contact information, dust reduction measures like speed limits, coverage of dusty materials
- In this bill, it seems like that liability...
NM
New Mexico 2025 Regular Session
House - Health and Human Services Jan 27th, 2025
House Health & Human Services
Transcript Highlights:
- replaces that person on leave and doesn't have the ability to rehire them could be in a potential liability
- this state is misusing those federally matched fund dollars, New Mexico could face penalties or reductions
KY
Kentucky 2025 Regular Session
Public Pension Oversight Board (1-27-25)
Transcript Highlights:
- In doing that, we're balancing the interests of retirees while also ensuring liabilities are addressed
- <00:04:24.280>
are while also ensuring liabilities are while also ensuring liabilities are - <00:19:33.320>
anytime to add to the unfunded liability anytime to add to the unfunded liability - And again, it creates an unfunded liability that the taxpayers of Kentucky had to pick up.
- But we still have an annual cost, adding an annual cost, additional unfunded liability.
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.
AL
Alabama 2025 Regular Session
Alabama House Ways and Means Education Committee Feb 12th, 2025
Ways and Means Education
Transcript Highlights:
- This is the ratio of assets that we have to cover our liabilities, and so it's very important to track
- The actuaries estimated that they added $2.2 billion to the unfunded liability, and then these are the
- The COLAs and anything that's going to hurt that unfunded liability is getting into fragile territory
- With that, and that's the living longer—that's another reason our liability went... ...that's another
- reason our liability went down, because we did make some changes to our mortality tables because of
HI
Hawaii 2025 Regular Session
EDN/HED Joint Public Hearing - Thu Mar 20, 2025 @ 2:00 PM HST
Transcript Highlights:
- Um, the resolutions pose liability and cost issues, and without legal safeguards, these liability and
- So the document is pretty comprehensive, and it's intended to protect the school from liability when
- It's really about the, you know, potential liability.
- <00:21:26.320>
waiver proposed liability waiver proposed liability waiver indemnification< - about the you know potential liability. about the you know potential liability.
Summary:
The joint committees on Education and Higher Education first heard HCR 75 and HR 67, which ask the Department of Education and the University of Hawaiʻi to assess criteria for building an educational pipeline and curriculum for advanced manufacturing and cybersecurity. The Department of Education said it would stand on its written testimony, and UH supported the measure, noting existing community college and four-year programs related to the topic. Members asked how DOE promotes cybersecurity opportunities and whether it provides funding; DOE said schools usually connect with partners and its office works with them, but it does not have separate funding for such efforts. UH also explained that some advanced manufacturing concepts may overlap with 3D printing, material sciences, and entrepreneurship, and described P20 as a forum for aligning K-12 and higher education pathways. The committees then recessed the joint hearing and moved to the Education Committee agenda.
The committee next heard HCR 46 and HR 39, which would make DOE recreational facilities available to the public during non-peak hours and non-school days. DOE said it already uses facilities agreements with insurance, liability waivers, indemnification, and certificates of insurance to protect schools. The Attorney General opposed the resolutions, warning that unrestricted public use without safeguards could create substantial liability and cost risks for the state. The measure’s introducer said the goal was to help underserved communities that lack access to public recreation spaces, and DOE said it would be open to joint-use arrangements with larger organizations but remained concerned about vandalism and liability.
The committee also heard HCR 86 and HR 80 on creating an Aloha Civics working group, with DOE offering comments and Common Cause Hawaiʻi strongly supporting the idea. DOE described a civic learning and engagement task force that met with stakeholders, including UH and the PACE Commission, and produced recommendations such as building partnership inventories, integrating civic learning across grade levels, and aligning the work with DOE’s HA framework and learner outcomes. Common Cause said civic education can be implemented effectively and affordably, citing existing school projects such as ranked-choice voting and classroom constitutions.
Later, the committee took up HCR 87 and HR 81, urging an annual Climate Week in public schools. DOE again stood on written comments, while the Climate Change and Health Working Group, Climate Future Forum, a student from Kaimuki High School, and other supporters argued that a dedicated week would ensure consistent climate education, build resilience, and connect climate issues to health, food security, and disaster preparedness. Supporters said existing climate-related opportunities are uneven across schools and that a formal Climate Week would create a more equitable approach. The committee then heard HCR 95 and HR 91 on informing students about changes to gun safety and storage laws; DOE asked for clarification on the measure’s intended outcome, and one individual testified in support.
Finally, the committee heard HCR 104 and HR 100 on strengthening farm-to-school initiatives. DOE said it is already working to improve menus, emphasize local products, and meet with distributors to increase local procurement, while the College of Tropical Agriculture and Human Resilience offered food science, nutrition, and extension support. Climate Future Forum, the Hawaii Youth Food Council, and other supporters said farm-to-school efforts are important for student health, local farmers, and food sovereignty, noting that local food procurement in schools remains far below the state’s 30% by 2030 goal. DOE explained it is trying to provide distributors and farmers with more predictable demand and is meeting with distributors to set up next year’s supply chain.
OK
Oklahoma 2026 Regular Session
Retirement and Government Resources REVISED Feb 17th, 2026 at 10:30 am
Retirement and Government Resources
Transcript Highlights:
- Having been a trustee on OLERs for four years, I think the liability is any members in there.
- So, help me help me At all, it's automatically a liability to any type of member.
- Every member they have in there is a liability.
- But the liability I believe very strongly is totally separate.
- The moment any members are in there, there's a liability. Senator Cirt, did you have a follow-up?
Bills:
SB134, SB1356, SB1407, SB1611, SB1639, SB169, SB1722, SB182, SB1870, SB2039, SB432, SB609, SB715, SB716
Keywords:
retirement, public employees, reemployment, benefit adjustment, Oklahoma Public Employees Retirement System, state government, OMES, Office of Management and Enterprise Services, Department of Labor, Department of Veterans Affairs, Department of Rehabilitation Services, civil service, human capital management, state employee disputes, whistleblower, veterans employment, veterans placement, fleet management, state fleet, motor vehicles
FL
Florida 2025 Regular Session
October 15, 2025 - 11:30 AM
Transcript Highlights:
- On top of that, it's harder for hospitals to get liability insurance these days.
- So they're especially vulnerable to this expanded liability.
- Any revisiting of this issue must include reasonable liability protection.
- Remember, there was an expansion of liability for all other torts in 1990.
- I specifically looked up liability insurance. I have to carry it as a lawyer.
Summary:
The Civil Justice and Claims Subcommittee considered one bill, HB 603, which would repeal section 768.21(8), the Florida medical negligence wrongful death exception often referred to by supporters as the “Free Kill” law. The sponsor argued the current statute unfairly bars certain families—especially adult children or parents of unmarried adults without minor children—from recovering non-economic damages when a loved one dies from medical negligence, while such damages are available in other wrongful death cases. Supporters, including family members, AARP, and some legal advocates, testified that the law is discriminatory and denies equal access to justice for grieving families and vulnerable adults.
Opponents, including physicians, hospital and insurer representatives, and business groups, argued that repeal would increase malpractice exposure, raise premiums, worsen access to care, and accelerate physician retirements or departures from Florida. Several urged that if the bill moves forward, it should be paired with caps on non-economic damages to balance the impact on the health care system. Supporters countered that negligence must still be proven, that the law creates unequal treatment, and that existing tort reforms have not lowered premiums. The sponsor closed by rejecting claims that the bill is “jackpot justice” and emphasizing that families deserve court access and accountability.
After debate, the committee voted on HB 603 and passed it 16-2. The meeting then adjourned.
NH
New Hampshire 2025 Regular Session
House Health, Human Services and Elderly Affairs (02/05/2025)
Health, Human Services & Elderly Affairs
Transcript Highlights:
- received a $7.7 million grant for lead remediation that distributes $30,000 per unit for lead hazard reduction
- received a $7.7 million grant for lead remediation that distributes $30,000 per unit for lead hazard reduction
- A $7.7 million grant for lead remediation that distributes $30,000 per unit for lead hazard reduction
AL
Alabama 2026 Regular Session
Alabama House Ways and Means General Fund Committee Feb 11th, 2026
Ways and Means General Fund
Transcript Highlights:
- And they have a very high unfunded liability, and this would add about $2 million to their unfunded liability
- And they have a very high unfunded liability, and this would add about $2 million to their unfunded liability
- And so, it had a large unfunded liability when the new tier was created in 2016.
- And they have a very high unfunded liability, and this would add about $2 million to their unfunded liability
- And they have a very high unfunded liability, and this would add about $2 million to their unfunded liability
Keywords:
impoundment, driver licenses, vehicle redemption, local identification cards, law enforcement, HB285, TJ's Law, traffic infraction, traffic ticket, uniform traffic ticket and complaint, minor driver, juvenile driver, parent notification, guardian notification, emergency contact, citing agency, traffic citation, driver safety, youth safety, Alabama traffic law
HI
Hawaii 2026 Regular Session
CPC Public Hearing - Tue Mar 31, 2026 @ 2:00 PM HST
Consumer Protection & Commerce
Transcript Highlights:
- exemption from liability exemption from liability because<00:35:01.600>
if <00:35:01.800>< - But if we stick it with some other division, it's going to be liability for them, too, right?
- . liability. liability.
- <01:14:43.680>
I be liability for them, too, right? I be liability for them, too, right? - facility in terms of its own liability facility in terms of its own liability risks<01:33:32.440
Keywords:
landscape architecture, licensure, educational requirements, examination, professional standards, consumer protection, junk fees, live-event tickets, short-term lodging, transparency, pricing disclosure, deceptive practices, insurance, captives, regulations, policyholders, SB2623, Hawaii pharmacy law, Board of Pharmacy, registered pharmacy technician
Summary:
The committee first heard HCR 168 and HR 158, which would create a temporary working group to study utility capacity, coastline infrastructure lifespan, and the costs of needed expansions. Public Utilities Commission staff said the commission was not the right entity to direct all of the work because it lacks authority over many affected agencies. Members discussed whether the study should be limited to a coastal area or broadened to the whole island, and in decision-making the committee amended the measure to focus on the County of Honolulu, correct references to the Public Utilities Commission, and revise the working group membership to include the PUC chair, legislative designees, and directors or designees from DLNR, DOT, HIEMA, and DCCA Consumer Advocacy. The committee then passed both resolutions with amendments; the vote was adopted unanimously, with some members excused.
The committee next considered HCR 145 and HR 137, which would convene a working group on climate change impacts on insurance availability and affordability. The Insurance Division stood on its written comments, the Climate Change Mitigation and Adaptation Commission supported the intent, and the Attorney General opposed the measure, warning that a working group could create discoverable materials that might complicate the state’s climate litigation and noting a technical ambiguity in the reference to the Hawaii Hurricane Relief Fund administrator. After questions about discovery and the lawsuit, the committee amended the resolutions to replace the administrator reference with the chair of the Hawaii Hurricane Relief Fund Board of Directors, remove the Attorney General as convener while keeping the office as a member, and have the working group share findings and recommendations with the House CPC and Senate CPN committees instead of issuing a report. The committee passed the measures with amendments, with Rep. Martin voting with reservations.
In the later agenda, the committee heard SB 2607, SD 1 on landscape architect licensure. The Board of Professional Engineers, Architects, Surveyors, and Landscape Architects supported the bill, explaining it modernizes licensure requirements to align with national standards and clarifies the profession’s design-focused role. The bill was discussed as distinguishing landscape architecture from groundskeeping and from civil engineering drainage work. No opposition was heard.
The committee also heard SB 2031, SD 2 on consumer protection and price transparency for live ticket events and short-term lodging. The Office of Consumer Protection supported the bill, saying it largely mirrors an FTC rule requiring all-in pricing and would give the state enforcement authority and remedies. The Hawaii Financial Services Association opposed the bill as drafted and sought a limited exemption for credit card issuers relying on third-party hotel information, while the Hawaii Hotel Alliance supported the measure but asked for language deeming compliance with the federal rule sufficient for short-term lodging. Committee members questioned whether those proposed exemptions would conflict with federal law or weaken state enforcement, and the discussion focused on preemption, liability, and the value of state remedies such as restitution.
NM
Transcript Highlights:
- From number three, the limits established in Section 41, 4A-6 is the civil liability, civil rights liability
- But the outstanding liability the state has today is $340 million.
- Chair, I'm not sure about the general liability one.
- Yeah, but what about general liability? When was the last time general liability was raised?
- For a general liability claim in almost 35 years.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 5 on State Administration Mar 10th, 2026
Transcript Highlights:
- The exponential growth in SIBTF claims and liability The exponential growth in SIBTF claims and liabilities
- study concluded in 2022, we have seen liability projections grow by over 280%.
- So by adding, the liability for the fund... ...100%.
- So by adding, the liability for the fund increases exponentially.
- That adds quite a bit to the estimate of accumulated liability.
Summary:
The Budget Subcommittee on State Administration heard presentations on the Department of Industrial Relations’ labor-related budget items, with the main focus on proposed trailer bill language to reform the Subsequent Injury Benefits Trust Fund (SIBTF) and a related budget change proposal for staffing. DIR said SIBTF has grown far beyond its original purpose, citing the 2020 Todd decision, expanded eligibility based on chronic or asymptomatic conditions, and a backlog that has grown to more than 30,000 pending cases. The administration argued the reforms would restore guardrails, reduce liabilities and employer assessments, and speed processing for severely injured workers; the LAO said the proposal was largely consistent with its prior recommendations. Members raised concerns about using trailer bill language for major policy changes, the retroactive application to open cases, and the impact on workers already in the queue, while supporters from employer groups and public agencies backed the proposal as necessary to control costs and restore sustainability. Public comment was split, with injured-worker advocates opposing the retroactive changes and business/public employer representatives supporting the reforms.
The committee then heard the SIBTF workload request, which would phase in 177 positions over five years at a cost of $36.5 million, including staff for the Division of Workers’ Compensation, the Office of the Director Legal Unit, and administrative support. DIR said the additional staffing is intended to address very high caseloads and reduce processing times, but emphasized that the request assumes the reform package is adopted; LAO agreed the staffing increase made sense if paired with reforms. Members asked about vacancy rates, current staffing, and whether the workload request would become the new normal, and DIR said it would monitor caseload trends and adjust future requests as needed.
Finally, the committee received an update on the California Workplace Outreach Program (CWOP), which DIR described as a partnership with community-based organizations to educate workers and help employers comply with labor laws. DIR reported that CWOP has reached 1.75 million workers and employers and made 8 million touchpoints since 2020, with the current round awarding $50.7 million to 87 partners for a two-year period through June 2027. Members and public commenters highlighted the program’s role in reaching immigrant, farmworker, janitorial, nail salon, and other vulnerable communities, and several speakers urged continued funding at $30 million per year for five years. No votes were taken during the hearing.
TX
Transcript Highlights:
- I believe it's about 28 years, if I'm not mistaken, to pay the unfunded liability.
- Most notably by directing funds towards infrastructure investments and reducing long-term liabilities
- Gross and soundness and eliminating any unfunded actuarial liability with the annual legacy payments
- The current session projects that liability to be eliminated by 2046, ahead of the original 2054 goal
- I appreciate your efforts to reduce the unfunded liability of the...
Keywords:
appropriations, budget, state funding, education, healthcare, infrastructure, state budget, mental health funding, education funding, infrastructure improvements, public safety, campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards, 1184, house, all
KY
Transcript Highlights:
- So, your tax liability remains the same.
- So, your tax liability remains the same.
- So, your tax liability remains the same.
- So, your tax liability remains the same.
- So, your tax liability remains the same.
Keywords:
Call to Order and Roll Call: 0:03
Bills for Consideration: 3:10
Adjournment: 56:19, 958, all
Summary:
The Senate Education Committee heard House Bill 1, which would have Kentucky opt into a federal education freedom tax credit program allowing donations to scholarship-granting organizations (SGOs) for K-12 educational expenses. The bill sponsors said it would not use Kentucky general funds, would be administered through the Secretary of State, and would let donors claim up to a $1,700 federal tax credit for contributions to SGOs. They argued the program could support public, private, religious, and homeschool-related educational needs, including tutoring, transportation, technology, special needs services, and other school expenses.
Several senators raised concerns about whether the bill would favor larger districts with more school-choice options over rural counties with only one public school, creating a two-tier system. The sponsors responded that public school districts could also create SGOs and that the federal rules limit eligibility to families at or below 300% of area median gross income. They also said the program would not reduce existing state or federal school funding, but would instead redirect federal tax credit dollars that Kentucky donors might otherwise send to other states or back to the federal government.
Members asked about the structure and oversight of SGOs, including whether they must be nonprofits, how broad their missions could be, and whether funds could be earmarked for specific purposes. The sponsors said SGOs must be certified, serve at least two schools and 10 students, spend at least 90% of receipts on scholarships, and cannot be directed to a specific student, though they can be targeted to categories such as elementary students or special needs services. They also said homeschool families would need to organize through a co-op or existing approved SGO. No vote was taken during the portion of the meeting provided.
KY
Kentucky 2025 Regular Session
Senate Standing Committee on State & Local Government (3-3-25) - Reupload
Transcript Highlights:
- Additional payments toward TRS liabilities began in 2016 with an extra $500 million per year contributed
- toward TRS liabilities began in 2016<00:05:01.160>
with <00:05:01.400>an <00:05:01.600> - are expected to unfunded liability are expected to surpass<00:05:14.840>
two <00:05:15.759> - and that that that those liability and that that that those payments<00:05:27.919>
are <00:05: - are this is an unfunded liability are this is an unfunded liability taxpayers<00:26:41.760>
are
Keywords:
Meeting Start: 00:44
Attendance Roll Call: 00:55
SB 193 (Sen. Girdler): 01:53
SB 9 (Sen. Higdon): 03:22
SB 257 (Sen. Tichenor): 34:14
Adjournment: 50:57, 958, all
Summary:
The Senate Standing Committee on State and Local Government first took up Senate Bill 193, a simple measure described as restoring wallet cards for jailers to carry when they are outside the jail. The sponsor noted the fiscal impact was essentially zero, there were no questions, and the committee approved the bill 9-0 for passage to the Senate floor.
The committee then heard Senate Bill 9, sponsored by Senator Higdon, which would change how the Teachers Retirement System (TRS) treats sick leave, personal leave, and annual leave in retirement calculations. The sponsor argued the bill is intended to address TRS’s financial challenges by standardizing leave rules statewide, limiting TRS retirement credit to 10 sick days and 2 personal days per year, preventing annual leave from being rolled into sick leave, requiring districts to pay the actuarial cost for any leave beyond the cap, and adding reporting and oversight requirements for participating agencies. He also said the bill would add 30 days of maternity leave, allow voluntary district contributions for tier four teachers, and direct the state auditor to audit TRS and report on agencies.
Committee members asked about how overages would be audited and billed, the cost of a sick day, and how the bill would interact with local leave policies, including paid parental leave in some districts. The sponsor clarified that existing accumulated leave would not be affected, that the bill applies going forward, and that districts could still offer more leave but would bear the added cost. Members also discussed whether the maternity leave language set a cap or a minimum, and one senator noted the bill was intended to preserve personal days while stopping annual leave from being converted into pension credit. No vote on Senate Bill 9 was shown in the transcript excerpt.
FL
Transcript Highlights:
- In the area of premises liability, specifically negligent security actions, the legislation required
- The bill further created a presumption against liability for negligent security for multifamily property
- The legislation provides mechanisms for insurers to limit their exposure to liability in such claims,
- circuit civil, as was predicted, the greatest impact observed was in auto negligence and premises liability
- And I think Judge Jennifer and premises liability cases.
Summary:
The Judiciary Committee met with a quorum present and heard several Office of the State Courts Administrator presentations. Judge Mark Mahan discussed the impact of 2023’s HB 837 litigation reforms on court operations, explaining that the law’s changes to comparative negligence, filing deadlines, collateral source evidence, premises liability, bad faith claims, attorney’s fees, and offer-of-judgment rules triggered a major March 2023 civil filing surge. He described how filings tripled statewide, with especially large increases in auto negligence and premises liability cases, and outlined how circuits responded through active case management, added resources, and workflow changes. Members asked whether the bill’s immediate effective date contributed to the surge and whether clearance rates would normalize over time; Judge Mahan said the court system viewed its response as a success and expected rates to settle as the backlog is worked through.
The committee then received a presentation on problem-solving courts from Jennifer Grandal and Judge Nina Richardson. Grandal reviewed Florida’s drug courts, mental health courts, veterans courts, dependency and early childhood courts, noting statewide best-practice standards, annual reporting requirements, funding sources, and data collection systems. Judge Richardson gave a local perspective on treatment courts, emphasizing that they address underlying mental health and substance use issues, rely on judicial supervision and sanctions as well as incentives, and help participants achieve recovery and avoid reoffending. She said the programs are accountable, transparent, and effective, and thanked the Legislature for continued support.
Finally, Judge Rachel Nordby and Eric McClure outlined the judicial branch’s legislative agenda. Nordby summarized the Supreme Court workgroup’s recommendations to expand Florida’s vexatious litigant law, including broader coverage, fewer qualifying adverse cases, a longer lookback period, and a public records exemption for stricken defamatory or sham material. McClure then highlighted additional agenda items: modernizing the duty-judge statute, expanding senior management retirement eligibility, authorizing additional judgeships based on workload studies, removing the statutory cap on court-ordered nonbinding arbitration compensation, protecting appellate clerks’ personal information, allowing alternative authentication for certain judicial notarizations, and creating a hearsay exception for guardian ad litem reports and testimony. No votes were taken, and the committee adjourned after member introductions and staff introductions.
AL
Transcript Highlights:
- uh pay it and their unfunded liability uh pay it and their unfunded liability uh drop from the 90% down
- part down and uh the unfunded liability part down and uh the unfunded liability part as a result is
- so one determine who has that liability so one determine who has that liability so one of the one of
- the insurance you see liability the insurance you see liability the insurance you see that yes ma'am
- protection so a lot of uh law liability protection so a lot of uh law liability protection so a lot
CA
Transcript Highlights:
- AB 2361 modernizes treatment of vicarious liability for peer-to-peer vehicle sharing platforms...
- AB 2361 modernizes treatment of vicarious liability for peer-to-peer vehicle sharing platforms, also
- that a PVSP is responsible only for owner liabilities arising from the sharing of the vehicle.
- Other rental car companies do have unlimited liability, but they actually own the cars.
- Other rental car companies do have unlimited liability, but they actually own the cars.
KY
Kentucky 2025 Regular Session
Senate Standing Committee on State & Local Government (2-19-25)
Transcript Highlights:
- In doing that, we're balancing the interests of retirees while also ensuring liabilities are addressed
- insurance, and reducing risk and liability for the KDC against financial losses.
- The fiduciary liability we already buy fiduciary liability insurance.
- One of the main problems we have as a governmental plan is all of the fiduciary liability. avoid leg
- we already buy fiduciary liability we already buy fiduciary liability<00:28:10.039>
insurance
Keywords:
Meeting Start: 00:11
Attendance Roll Call: 00:18
Senate Bill 10 (Sen. Mills): 01:47
Senate Bill 65 (Sen. West): 18:47
Senate Bill 104 (Sen. Madon): 25:41
Adjournment: 31:38, 958, all
Summary:
The Senate Standing Committee on State and Local Government heard testimony on Senate Bill 10, which would revise CERS retiree health subsidies for members who began participating on or before July 1, 2003. Senator Mills said the bill was developed with employee and employer groups to improve retiree health benefits while protecting the system’s financial footing, using a shared-cost structure. Testimony from sheriffs, police chiefs, firefighters, and the League of Cities strongly supported the bill, emphasizing recruitment and retention, affordability of retiree health coverage, and limited taxpayer risk. Members echoed those points, and the committee approved SB 10 with a 9-0 favorable recommendation.
The committee then took up Senate Bill 65, sponsored by Senator West, which would codify the Administrative Regulations Committee’s annual practice of placing certain deficient regulations into statute so they cannot take effect. West explained that the committee’s role is limited to finding regulations deficient or asking for deferral, and that SB 65 is the fifth version of this measure. He described the specific regulation at issue as a Medicaid Services rule that would have required behavioral health associates to hold a master’s degree; providers testified that it would reduce the workforce and harm behavioral health services statewide. West said the committee had deferred the matter eight times before deciding to side with providers. The bill received favorable expression and was reported out.
Finally, the committee heard Senate Bill 104, sponsored by Senator Madon, concerning Kentucky Deferred Comp for state employees. The bill would establish a codified fiduciary standard, authorize fiduciary liability insurance, add self-correcting mechanisms to keep the plan in compliance with federal law, and allow self-directed brokerage accounts. Personnel Cabinet representatives said the changes would align the plan with other public pension plans, reduce risk, and offer participants a useful investment option with strong account growth among users. SB 104 also received favorable expression and was reported to the floor. The committee then adjourned.