Video & Transcript Research : 'actuarial study'
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NH
New Hampshire 2025 Regular Session
House Commerce and Consumer Affairs (04/23/2025)
Transcript Highlights:
- actuaries are That's what actuaries are for.<04:02:12.720>
Okay. - two actuaries here. Wall-E from Casco. two actuaries here. Wall-E from Casco.
- for how quickly to do it, or use actuarial studies that, you know, are not relevant, the law states
- know or use actuarial studies that you know or use actuarial studies that you know are<05:09:49.280
- Actuaries cannot predict...
Summary:
The committee first heard Senate Bill 47, sponsored by Senator Regina Birdsell at the request of the Insurance Department. The bill would clarify that a birth mother’s health insurance is the primary policy for a newborn’s care unless the mother has no coverage or no employer-sponsored coverage. Birdsell and Insurance Commissioner DJ Benton Court said the measure simply codifies the department’s long-standing interpretation of existing law. Representative Miles asked whether the coverage would extend to a grandchild if a young woman on her parents’ plan had a baby, and Birdsell said it would. The hearing on SB 47 was then closed.
The committee next heard Senate Bill 121, introduced by Grant Bosi for Senator Kevin Avard. The bill requires insurers to notify the Insurance Department when they stop writing an entire line of business or, in some cases, when they change Medicare Advantage offerings. Benton Court said the bill was prompted by disruption in the Medicare Advantage market, where consumers and the department were confused by carriers exiting, changing plans, or narrowing offerings. He said the department does not regulate Medicare Advantage itself, but does license the carriers, and the notice requirement would help the department advise consumers; he also said noncompliance could affect a carrier’s license and could lead to fines. Members discussed the notice period, and the department and AHIP indicated support for changing it from 120 days to 90 days to align with federal timing. The hearing was closed with plans to work on an amendment in subcommittee.
Finally, the committee heard Senate Bill 247, introduced by Representative Brian Cole, which would prohibit network exclusion for pharmacies that refuse to dispense prescriptions when PBM reimbursement is below acquisition cost. Cole said the bill is meant to stop pharmacies from being forced to sell at a loss. Members questioned whether pharmacies voluntarily enter PBM contracts, whether the bill would raise consumer prices, and whether it would mainly affect independent pharmacies. Cole and others said the issue has changed over time because PBMs now control a much larger share of the market, and that the bill would let pharmacies refuse loss-making fills and direct patients to mail order instead. The discussion also noted that the bill excludes Medicare and Medicaid and that the current proposal does not create a middle-ground option for patients to pay a premium at the counter.
NH
New Hampshire 2025 Regular Session
House Commerce and Consumer Affairs (04/23/2025)
Transcript Highlights:
- That's what actuaries are for.
- their actuary wanted them to be at. their actuary wanted them to be at.
- two actuaries here. Wall-E from Casco. two actuaries here. Wall-E from Casco.
- for how quickly to do it, or use actuarial studies that, you know, are not relevant, the law states
- know or use actuarial studies that you know or use actuarial studies that you know are<05:09:49.280
Summary:
The committee first heard Senate Bill 47, sponsored by Sen. Regina Birdsell at the request of the Insurance Department. The bill would codify the department’s interpretation that a birth mother’s health insurance is the primary coverage for a newborn, unless the mother has no insurance or coverage under an employer-sponsored plan. Birdsell and Insurance Commissioner DJ Benton Court said the measure is a clarification of existing practice and intended to protect vulnerable newborns; a question from Rep. Miles clarified that if a young woman is on her parents’ policy, the newborn would generally be covered under that family coverage. The hearing on SB 47 was then closed.
The committee then took up Senate Bill 121, introduced by Grant Bosi for Sen. Kevin Avard, which would require insurers to notify the Insurance Department when they stop writing an entire line of business or, in some cases, Medicare Advantage plans. Commissioner Benton Court said the bill arose from disruption in the Medicare Advantage market, where consumers, brokers, and the department were confused by carriers changing or ending offerings; he said the department wanted a simple notification requirement so it could better advise consumers. Members discussed network adequacy, county-based service areas, and the fact that the bill would make notice a condition of licensure, with possible fines or license action for noncompliance. Witness Paula Rogers of AHIP said her group supported the bill if amended, and the department indicated it would support a change from a 120-day notice period to 90 days to align with state rules; the committee planned to work on an amendment in subcommittee.
Finally, the committee heard Senate Bill 247, introduced by Rep. Brian Cole, which would prohibit network exclusion of pharmacies that refuse to dispense prescriptions when PBM reimbursement is below acquisition cost. Cole argued the bill is meant to stop pharmacies from being forced to sell drugs at a loss, describing PBMs as middlemen and saying the measure is a compromise that protects local pharmacies. Members questioned whether consumers would pay more and whether pharmacies voluntarily enter PBM contracts; Cole responded that the bill would let pharmacies refuse unprofitable fills while consumers could still obtain the drug through mail order or other channels. He also said the issue has changed over time because the practice now affects a much larger share of generics and is concentrated among a few PBMs. The hearing remained open as questions continued, with no vote taken in the excerpt.
MN
Minnesota 2025-2026 Regular Session
House Commerce Finance and Policy Committee 3/19/25
Commerce Finance and Policy
Transcript Highlights:
- it was just passed, and so they did the study in 2023.
- it was just passed, and so they did the study in 2023.
- it was just passed, and so they did the study in 2023.
- study in 2023.
- <00:52:43.119>
or better understanding from our actuary or better understanding from our actuary
Keywords:
fire safety, public safety, statewide fire code, code cleanup, repeal, obsolete statutes, matches, strike-anywhere matches, safety matches, match packaging, match storage, tent safety, flame resistant tents, public assembly tents, flammable materials, fire code modernization, Minnesota Statutes chapter 325F, commerce policy, financial institutions, insurance regulation
MN
Minnesota 2025-2026 Regular Session
Legislative Audit Commission - Evaluation Subcommittee 5/8/26
Transcript Highlights:
- And I'll note that it would meet the requirement to study a board or commission.
- ,<00:26:34.800>
finds recommendations or studies, finds recommendations or studies, finds - One is that it would be a fairly large analysis, kind of an actuarial study of the feasibility of an
- <00:33:57.880>
study <00:33:58.880>of analysis, kind of an actuarial study of analysis - , kind of an actuarial study of the<00:33:59.120>
feasibility <00:33:59.960>of <00:34:00.120
Summary:
The subcommittee met on May 8, 2026, to narrow 12 proposed Legislative Audit Commission evaluation topics down to 8-10 semi-finalists for a legislative survey. Deputy Legislative Auditor Jodi Munson Rodriguez reviewed the selection criteria and explained which topics were promising now, which might be better deferred to fall because of timing or data limitations, and which were less promising because OLA would have limited ability to add value. She identified the Board of Behavioral Health and Therapy, DHS Adult Day Services Licensing, DHS county service approvals and provision, MDH mortuary science program, MPCA feedlot permitting, Minnesota paid leave, the Office of Cannabis Management, and several other DHS-related items as candidates, while recommending that DHS system modernization be shifted to an IT audit and that corporate concentration be narrowed substantially if pursued.
Members discussed several topics in detail. Representative Lee asked how a broad DHS county services topic could be narrowed and suggested providing legislators with an addendum listing possible subprograms so they would know what they were ranking; Munson Rodriguez said OLA could add a few suggested subtopics and tailor the survey materials. Representative Hansen urged that the MPCA feedlot permitting review focus on effectiveness and environmental and health impacts, not just speed, and Munson Rodriguez said those kinds of questions could be added. The Office of Cannabis Management was viewed as promising but probably too new to evaluate immediately, and the MDH mortuary science program was also seen as worthwhile but potentially delayed because of overlap with other MDH licensing work.
The Minnesota research tax credit drew the most extended discussion. Munson Rodriguez said it remained a weak fit for OLA because of limited data and unclear program goals, and Senator Rest argued it would be better handled by the Department of Revenue’s research staff or possibly the Legislative Budget Office’s tax expenditure research section. Representative Lee asked whether OLA’s financial audit division could review whether the credit “pays for itself,” but Munson Rodriguez said that would require econometric analysis outside the financial audit division’s normal work. The committee did not take a formal vote in the portion provided, but the chair indicated the tax credit issue should be brought to the full commission agenda, and the meeting continued with additional topic review, including the Attorney General Medicaid Fraud Control Unit, which staff said was heavily federally controlled and already reviewed by federal OIG, limiting OLA’s likely impact.
NH
New Hampshire 2025 Regular Session
House Finance Division III (02/21/2025)
Transcript Highlights:
- , our actuary is the largest actuary in the Medicaid space in the country.
- , our actuary is the largest actuary in the Medicaid space in the country.
- <01:44:24.040>
our this every day and an actuary our this every day and an actuary our actuary - <01:44:26.119>
in <01:44:26.239>the actuary is the largest actuary in the actuary is - We talk to the federal actuaries because our actuaries do the work, then the federal actuaries do their
Summary:
The House Finance Division Three work session on February 21, 2025 focused on the Division of Medicaid Services budget. The chair opened with procedural guidance, noting the division’s role is to make recommendations to the full Finance Committee, that the budget must be balanced, and that members should track possible amendments ahead of a March 26 target for House Bills 1 and 2. Members also discussed the importance of using official budget documents and online resources, and the chair said no motions would be taken at this session.
A major early topic was concern over a five-point Medicaid policy document and the timing of House Bill 2. Representative Tarki objected that the document appeared to be an unofficial draft and argued that significant Medicaid policy changes should have been transmitted by February 15 under state law. He said the lack of an official, posted document raised transparency concerns because the changes could affect tens of thousands of residents. Committee leadership responded that the five-point document was a working document, that it would be posted online within minutes, and that House Bill 2 is often delayed while the Office of Legislative Services finalizes and formats the governor’s proposed trailer bill.
DHHS Chief Financial Officer Nathan White and Medicaid Director Henry Litman then began the budget presentation. White said the committee would use the PowerPoint as the document of record, starting with the governor’s operating budget pages 885-893, and noted that Medicaid is the largest accounting area in the state budget. He said the governor’s budget reflects about $60 million in reductions within the Medicaid area, with Granite Advantage handled off-budget and another $10 million in reductions there, for roughly a $70 million difference overall. Members asked whether the comparison was being made against an efficiency budget or a prioritized-needs budget, and White said the department could look at it different ways.
The presentation then outlined Medicaid’s role in New Hampshire: it provides health coverage, serves as the state’s direct interface with the federal Centers for Medicare & Medicaid Services, and helps finance related services such as long-term supports, school-based services, adult dental coverage, and re-entry programs for people leaving correctional settings. White also reviewed enrollment and program context, saying New Hampshire has about one in seven residents enrolled in Medicaid, making it the fourth smallest Medicaid program in the country by enrollment, and described recent efforts such as youth re-entry and the Medicaid unwind after the end of the federal continuous coverage period. He said the state had to process more than 238,000 redeterminations after the public health emergency and that the department tried to avoid unnecessary coverage loss during that transition.
HI
Hawaii 2026 Regular Session
JHA Public Hearing - Wed Feb 4, 2026 @ 2:00 PM HST
Judiciary & Hawaiian Affairs
Transcript Highlights:
- study; it wasn't for services.
- same amount for DO for an actuarial same amount for DO for an actuarial study<01:45:04.400>
to - measure because it was for an actuarial measure because it was for an actuarial study<01:45:28.320
- So my question is: who were you looking to do the actuarial studies to be able to give us the information
- who were you looking to do the actuarial who were you looking to do the actuarial studies<01:46:
Summary:
The House Committee on Judiciary and Hawaiian Affairs heard House Bill 2095, which would provide supplemental appropriations for the Judiciary for the 2025-2027 biennium. Judiciary Administrative Director Brandon Kimura testified in strong support and outlined a request for about $6.4 million in supplemental operating funds, plus four permanent full-time position conversions. He grouped the request into security, services to court users, and staffing needs, including $3.25 million for supplemental armed private security at judiciary facilities statewide, nearly $200,000 for cybersecurity staffing and support, restoration of funding for substance use treatment purchase-of-service contracts, restoration of funding for the Office of Public Guardian on Kauaʻi, salary commission funding, a Kona court operations position, and two Court-Appointed Special Advocates positions converted from temporary to permanent. He also described five capital improvement requests totaling $55.4 million, led by $30 million for construction of a new South Kohala courthouse, $1.2 million each for air conditioning upgrades in Hilo and Kauaʻi, $15 million for elevator upgrades at Kahumanu Hale, and $8 million in lump-sum bond funds for emerging projects.
Several organizations testified in support, including Parents and Children Together and the True Cost Coalition. Supporters emphasized the importance of the purchase-of-service funding for domestic violence and substance use treatment services and said the restoration would return funding to pre-COVID levels and help providers maintain capacity. Kimura explained that the Judiciary often shifts funds among contracts during the year to avoid service interruptions, but that the reduced funding has caused delays and operational problems for providers and probationers.
Members asked detailed questions about the capital projects and operating requests. Representative Shimizu asked for more information on the lump-sum bond funds and the elevator project, and Kimura explained that the Kahumanu Hale request covers four remaining elevator shafts after earlier funding addressed the first five elevators. Representative Cochran asked about the absence of Maui County projects, and Kimura said the Judiciary is still planning for its older Maui facilities with DAGS. Chair Tarnas questioned the need for armed private guards and discussed whether court security should be prioritized within the Department of Law Enforcement; Kimura said the Judiciary needs additional personnel now and has not asked DLE to deprioritize other missions, though the chair suggested further coordination between the agencies. No vote or final action on the bill was taken in the portion of the hearing provided.
TX
Transcript Highlights:
- We're actuarially sound. That definition of actuarial soundness is in statute.
- That means that we would be no longer actuarially sound.
- And what I will tell you is actuaries are notoriously conservative, which we like.
- Leslie, head count is part of your actuarially soundness determination.
- That's unfunded actuarial accrued liability.
Keywords:
infrastructure, water supply, flood mitigation, Texas Water Fund, community projects, funding allocations
Summary:
During this committee meeting, the focus was on discussing critical infrastructure funding, especially related to water supply and flood mitigation projects. Chairwoman Stepney and the Water Development Board presented extensive details regarding the Texas Water Fund, which included $1 billion appropriated to assist various financial programs and tackle pressing water and wastewater issues. Additionally, funding allocations aimed at compromising the state's flood risk and improving water conservation were hotly debated, emphasizing collaboration among committee members and the necessity of addressing community needs in such projects.
LA
Transcript Highlights:
- Price provides relative to the determination of employer contributions and amortization of certain actuarial
- Senate Bill 14 is based on recommendations from the 2025 Senate Study Resolution Work Group.
- Senate Bill 14 is based on recommendations from the 2025 Senate Study Resolution Work Group.
- So first, big thanks to Senator Price for the study request that was put together last session.
- Relative to the determination of employer contributions and amortization of certain actuarial gains for
Summary:
The Retirement Committee met with a quorum and heard a series of retirement-system bills, mostly described by sponsors and system directors as cleanup measures, technical corrections, or changes to funding and re-employment rules. Early bills included SB 22, which made the constable position for the Second City Court of New Orleans eligible for membership in the Municipal Employees Retirement System, and SB 17, which created a funding deposit account for cost-of-living adjustments for registrars of voters’ employees. The committee also advanced SB 455 and SB 456, addressing employer participation in the Parochial Employees Retirement System and compensation for assigned retired judges, respectively.
The committee then took up a group of State Police and teacher-retirement measures. SB 8 added the Louisiana Access Management Pool as a participating employer in MERS. SB 10, SB 11, and SB 12 adjusted State Police retirement funding and actuarial treatment, including changes to COLA funding, benefit increase funding, and administrative definitions. SB 16 reduced annual trustee education requirements for retirement boards from 16 hours to 12. SB 13 made similar actuarial-funding changes for the Teacher’s Retirement System, and SB 14, developed from a study group, consolidated and simplified TRSL return-to-work rules while expanding some re-employment options for retirees.
Later bills focused on re-employment and system funding. SB 18 repealed a special exception allowing certain MERS retirees to return to part-time work while collecting full benefits, while protecting current participants. SB 20 and SB 21 updated actuarial gain and loss handling for the School Employees’ Retirement System and LASERS, respectively, to align with newer COLA funding structures. SB 416 expanded re-employment options for retired Department of Public Safety and Corrections employees in critical shortage positions, prompting discussion about staffing needs and cross-gender strip-search issues in prisons. SB 477 clarified the retirement status of the Chairman of the Louisiana Gaming Control Board as a full-time state employee. All bills discussed were reported favorably, and the chair announced the committee’s next meeting would be moved from Monday to Tuesday.
NH
Transcript Highlights:
- Our actuaries themselves...
- <01:44:25.679>
uh gets rated by our external actuaries uh gets rated by our external actuaries - Um even actuarial rapidly changing.
- <01:55:44.000>
studies <01:55:45.119>we <01:55:45.360>were based on the actuarial - studies we were based on the actuarial studies we were in<01:55:45.599>
a <01:55:45.840>deficit
KY
Kentucky 2026 Regular Session
Budget Review Subcommittee on General Government, Finance, Personnel, and Public Retirement.(6-3-26)
Transcript Highlights:
- <00:05:02.280>
about reforms there's a lot of studies about reforms there's a lot of studies - Actuarial assumptions were cited as one of the culprits.
- there's other reasons in various studies there's other reasons in various studies and<00:35:32.520
- the actuary amount and above and beyond. the actuary amount and above and beyond.
- <00:36:06.560>
hand-in-hand Um our actuaries we work hand-in-hand Um our actuaries we work
Keywords:
Meeting Start 00:00:00
Attendance Roll Call 00:00:54
Pension System Update 00:03:38, 958, all
Summary:
The committee held its first official interim meeting after merging the General Government and Finance, Personnel, and Public Retirement committees, establishing a quorum and opening with the pledge and prayer. Members then received a briefing from KPPA representatives Ryan Barrow and Aaron Sarock on the state retirement systems, including KERS, CERS, and SPRS, and on the importance of fully funding the actuarially determined employer contribution, supplemental appropriations, and investment earnings in reducing unfunded liabilities. They said the systems have made progress toward a statutory closed amortization target of 2049 and emphasized that supplemental funding lowers current employer contribution rates but does not change that end date.
A major topic was federal and state reemployment-after-retirement rules for retirees who return to work with participating employers. KPPA explained that retirees must have a bona fide separation from service, no prearranged agreement to return, and generally a one-calendar-month break in service for retirees on or after January 1, 2024. If a member fails to comply, retirement benefits can be voided, payments stopped, health coverage ended, and benefits repaid. The presenters also noted that rehired retirees do not earn a second retirement account, and employers rehiring them must pay employer contributions and, in non-exempt cases, reimburse health insurance costs.
Members asked about the scale of rehired retirees and the difference between employer contribution and health insurance reimbursement amounts. KPPA said that in fiscal year 2025 there were over 3,500 rehired retirees in CERS and over 5,000 in SPRS, with substantial employer contributions and health reimbursement payments collected. They also explained that some positions are exempt from these chargebacks, including school resource officers and certain law enforcement positions that meet statutory criteria. The committee discussed House Bill 213, which allows cities, sheriffs’ departments, and post-secondary institutions to offer health insurance to rehired officers if authorized by the governing body, effective August 1, 2026, and clarifies the fiscal-year basis for certain exemption limits. No votes were taken.
TX
Texas 89th 2nd C.S.
Appropriations - S/C on Articles I, IV, & V Feb 24th, 2025
Appropriations - S/C on Articles I, IV, & V
Transcript Highlights:
- Did we do a study on the cost analysis benefit?
- Can we back up to page 8 under the actuarial evaluation summary?
- My name is Mark Finlaw and I'm with Rudd Wisdom Consulting Actuaries, and our firm provides the actuarial
- So that some years or some biannual actuarial evaluations there's a gain.
- It'll be set into where the actuarially determined contribution will be done by an actuary, and that
HI
Transcript Highlights:
- Also under the first be it further resolve subsection three, we're going to include an actuarial study
- going to resolve subsection three, we're going to include<00:02:36.319>
an <00:02:36.720>actuarial - <00:02:37.440>
study <00:02:37.760>or <00:02:38.080>analysis include an actuarial - study or analysis include an actuarial study or analysis of<00:02:38.959>
Hawaii's <00:02:39.440
Summary:
The Committee on Labor and Technology met for decision making on Friday, March 28, 2025, and considered two related resolutions, STR 145 and SR 117, concerning the creation of a legislative working group to develop recommendations for establishing and implementing a paid family and medical leave program for Hawaii. The chair explained that the committee would move the measures as a Senate draft with several amendments to clarify that the Department of Labor would convene the working group and could contract with an independent third-party consultant for facilitation, legal and regulatory review, comparative analysis, compliance and eligibility analysis, staffing and operating requirements, drafting recommendations, and the final report.
The committee also amended the resolutions to require review of relevant federal and state laws and existing programs, specifically including the Orisa prepaid healthcare act family leave reference as stated in the transcript, and to add an actuarial study or analysis of Hawaii’s workforce, employers, and potential beneficiaries. Another amendment removed LRB as a technical assistance resource because of budget concerns raised in testimony, while clarifying that the Department of Labor may contract for those services. The chair also noted that a representative would be added as a member of the working group, and that the chair of the working group could add other stakeholders as needed, along with any technical, non-substantive amendments for clarity and consistency.
No questions or concerns were raised, and the committee voted to recommend passage of STR 145 and SR 117 with amendments. The votes were unanimous, and the recommendations were adopted, concluding the agenda.
MN
Minnesota 2025 1st Special Session
House DFL Press Conference 3/10/25
Transcript Highlights:
- We created a process where we have to have these actuary studies done every year, and based on those
- actuary studies, that will determine it.
- We look at the program as a whole to determine what the premiums are, and based on the actuary studies
- <00:09:09.839>
studies <00:09:10.200>done have to have these actuary studies done have - every year and So based on those actuary every year and So based on those actuary studies<00:09:
FL
Florida 2025 Regular Session
October 15, 2025 - 08:00 AM
Transcript Highlights:
- DECEMBER OF 2024 FOCUSING ON ALTERNATIVE PAYMENT MODELS FOR ADULT DAY TRAINING SERVICES BASED ON A STUDY
- CONDUCTED BY ACHA ACTUARIAL SERVICE VENDOR.
- Miller: MY QUESTION IS YOU MENTIONED A 31 PERCENT RESPONSE RATE ON THIS STUDY DONE BY MILLIMAN IS THAT
- AS OUTLINED IN SB 2502 THE METHODOLOGY MUST BE ACTUARIALLY SOUND, COST BASED, ADJUSTED TO REFLECT THE
- ANYTHING CLARIFICATION. >> I WILL ADMIT GETTING TO ACTUARY DISCUSSIONS IS OUTSIDE MY REALM.
FL
Florida 2025 Regular Session
March 11, 2025 - 08:00 AM
Transcript Highlights:
- “A P&C actuary costs upwards of $500,000 to $600,000 in the private market.
- And these are actuaries not just in, you know, if a company hires an actuary, that’s an actuary that
- A P&C actuary costs is paid upwards of $500,000, $600,000 in the private market.
- And these are actuaries not just in, you know, if a company hires an actuary, that's an actuary that
- We also discovered that there hasn't been a salary study in a couple of decades.
Summary:
The subcommittee met to review agency travel, budget reduction exercises, and member reports from agency meetings. Early discussion focused on the Department of Management Services (DMS), where members questioned the cost of travel for four out-of-state data/cyber staff and the secretary’s absence. DMS defended the hires as highly specialized enterprise cybersecurity and data personnel, said the positions were lawfully paid and posted, and explained that the staff work on statewide data cataloging and cyber risk reduction rather than agency-by-agency systems. Members also raised concerns about fleet inventory discrepancies and requested follow-up information on hiring, travel, and data inventory timelines. The chair said she would consider travel guardrails and possible reductions, and noted that DMS, the Lottery, and the Florida Commission on Human Relations did not meet the requested reduction target, while the Public Employee Relations Commission did not submit reductions.
The committee then heard from the Florida Lottery about the secretary’s trip to Paris for the World Lottery Convention. Lottery staff said the trip was reimbursed through the multi-state lottery organization and was intended to share best practices and improve operations, though members questioned the value of the travel and requested reimbursement records and the trip agenda. The subcommittee also reviewed agency reduction exercises from several agencies. The Department of Revenue exceeded its target and was praised for frugality; DFS, the Florida Gaming Control Commission, the Office of Financial Regulation, the Office of Insurance Regulation, the Public Service Commission, the Division of Administrative Hearings, and the Department of Business and Professional Regulation each described how they met or approached their reduction goals, often through vacancies, reversions, or expense cuts. OIR warned that further reductions could hurt insurance regulation capacity, while OFR and PSC said their reductions were based on historical reversions and lower post-COVID travel or vacancy levels.
Members then reported back on agency meetings. DMS members raised fleet tracking, real property audits, salary studies, and health plan savings ideas, and asked for follow-up on the Florida PALM project, cybersecurity grants, and state IT modernization. DFS members said the agency was efficient and that its Palm-related work and insurance consumer programs were important. Lottery members emphasized the agency’s revenue generation for education and its low administrative overhead. Gaming Control members highlighted storage costs for seized gaming equipment and suggested technology-based alternatives. PERC members said a union-related law had doubled their workload and asked for more staffing and possible AI assistance. OIR members stressed the need for a Tampa satellite office and more resources to recruit and retain specialized staff. The chair closed by saying the committee would continue reviewing travel, staffing, and reductions with an eye toward taxpayer value and transparency.
TX
Transcript Highlights:
- That means that We're actuarially sound. That definition of actuarial soundness is in statute.
- And unfortunately, that analysis from our actuary did create some confusion.
- That means that we would be no longer actuarially sound.
- Lastly, headcount is part of your actuarially soundness determination.
- Sorry for the abbreviation there, that's Unfunded Actuarial Accrued Liability.
NH
New Hampshire 2025 Regular Session
House Ways and Means (03/04/2025)
Transcript Highlights:
- says he has previously submitted testimony and will introduce it again into the record, including a study
- The witness says the study indicates the projected cost for a city that is going to host a large casino
- we have some evidence from a study we have some evidence from a study called<00:13:36.360>
uh - <00:47:38.520>
firm <00:47:39.359>to Actuarial firm to Actuarial firm to review<00:47:41.240 - The actuarial report is, I believe, a 60-plus-page report.
Summary:
The committee first held a public hearing on HB 660, which would require historic horse racing facilities to provide 10% of HHR winnings to host municipalities as mitigation. Representative Om said the bill was intended to offset local costs associated with large gaming facilities, noting that prior gaming measures included opt-in provisions and that this proposal would leave charities and the state whole while taking the 10% from the operator’s share. Members questioned why 10% was chosen and whether municipalities were currently experiencing added costs; Om said the amount was meant to address projected future impacts, not broader municipal budget issues, and cited a study on casino-related community costs. Opponents from the New Hampshire Charitable Gaming Operators Association argued the bill unfairly singled out one industry and said gaming facilities do not impose more municipal burden than other entertainment venues. The hearing closed without a vote, and a member clarified the bill would apply to existing and future casinos/facilities.
The committee then opened a hearing on HB 658-FN, which raises the cap on reimbursements from the Oil Discharge and Disposal Cleanup Fund and makes related changes to the Oil Pollution Control Fund. Representative Malloy introduced the bill, and Representative Aly described the funds as an insurance backstop for oil spill cleanup and low-income tank replacement, saying the program helps prevent environmental hazards and satisfies financial responsibility requirements. Bob Scully of the Energy Marketers Association supported the bill but noted that fee changes are ultimately passed on to consumers. Department of Environmental Services officials Robert Bishop and Jennifer Marts explained that the bill would change reporting deadlines, raise the reimbursement cap for low-income homeowners, extend the fee collection period for 10 years, and adjust petroleum import fees based on an actuarial review. They said the funds cover spill response, prevention, and tank replacement, and that the fee structure was designed to keep the funds solvent while balancing costs across fuel categories.
Committee members asked about the actuarial basis for the fee changes, why some fees would rise while others would fall, and how the funds are used. DES said the review used 10 years of claims and exposure data and that the fuel oil fee would otherwise need to rise sharply, so the board proposed a smaller increase and rebalanced other fees. Members also asked about the scope of covered oil imports, and DES explained that the fee applies to oil destined for use in New Hampshire, not merely passing through the state. The discussion also covered home heating oil spills, which DES said are often discovered by homeowners or fire departments and are usually caused by tank corrosion, piping, or overfills. No votes were taken during the hearing, and the chair noted that the policy committee had already approved the bill before the finance-focused review.
TX
Transcript Highlights:
- The same is true in looking at a study out of Florida.
- I think well over 100 studies.
- Someone should study that. I would argue let's have a study of that. Let's do that.
- Enlow: We'd have to study that.
- I'm looking at an MIT study that says the exact opposite.
Bills:
HB 3
Keywords:
emergency communication, public safety, interoperability, Texas Interoperability Council, grant program, emergency communications, public safety radio, first responders, radio system, dispatch, 911, emergency management, Texas Division of Emergency Management, public safety infrastructure, Project 25, P25, broadband emergency alerting, outdoor warning sirens, homeland security, disaster response
KY
Kentucky 2026 Regular Session
Public Pension Oversight Board. (2-13-26)
Transcript Highlights:
- pay normal cost versus the actuarial pay normal cost versus the actuarial required<00:09:44.480>
- buy the act buy it and pay the actuarial buy the act buy it and pay the actuarial required<00:51
- <00:52:12.559>
actuarial <00:52:13.440>cost is 100% of the actuarial actuarial cost - is 100% of the actuarial actuarial cost which<00:52:14.640>
is <00:52:14.880>a <00:52:15.119 - What we don't have is an actuarial impact on that.
Keywords:
Meeting Start: 00:00:00
Attendance Roll Call: 00:00:17
Approval of Minutes: 00:02:09
Legislative Proposals:
HB 213: 00:02:13
HB 516: 00:25:00
HB 589: 00:39:30
Kentucky Public Pension Authority: 00:44:52
Adjournment: 01:14:07, 958, all
Summary:
The Public Pension Oversight Board met on February 13 and approved the minutes after establishing a quorum. The committee then took up three pension-related bills, beginning with Rep. Callaway’s proposal to allow certain retired police officers with 15 to 19 years of service to be rehired by local law enforcement agencies. Callaway and Brandon Lincoln of the FOP said the bill is intended to help recruitment and retention, especially for departments facing staffing shortages, and emphasized that it would be optional and would not allow double-dipping. Committee members raised concerns that lowering the service threshold from 20 to 15 years could create an unfunded liability and weaken the pension system, and several members said they did not yet fully understand how the pension and insurance provisions would work. The sponsor said she was open to working on the bill, and the chair noted the committee would continue to examine it with help from KPA staff.
The second bill, presented by Rep. Lewis with Brandon Lincoln and Jeff Taylor, addressed probationary employees in CS agencies, including firefighters and police officers. The bill would let certain former probationary employees purchase service credit for time spent in probation, and would extend line-of-duty death and disability protections to employees who are injured or killed during probationary service. Testimony said the measure is optional for employers, could be used as a recruitment tool, and would allow employees within six months of the probationary period to buy back the time themselves if they choose. Members generally supported the concept, noted a negligible fiscal note, and discussed whether current employees could buy back older probationary periods; the sponsor said the bill did not appear to allow that, though he was open to further discussion.
Throughout both bills, members focused on whether the proposals would create new pension costs or liabilities and how they would interact with existing retirement tiers and contribution rules. Several members asked for clarification on whether rehired workers would contribute to the pension system, whether employers would pay normal cost or any contribution at all, and whether the bills would affect future retirement benefits. The sponsors and witnesses repeatedly said the measures were limited, optional, and intended to address staffing and fairness issues without changing the core retirement system, but the committee did not take final action on the bills during the discussion.
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Nov 20th, 2025
Transcript Highlights:
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