Video & Transcript Research : 'Insurance Commissioner'
Page 179 of 500
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Monday, December 15, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- As this bill comes insurance companies.
- Franklin County Board of Commissioners Franklin County Board of Commissioners and<00:08:21.919><
- >
Affordable <07:34:10.958>Care insurance through the Affordable Care insurance through - Because I knew I had health insurance Because I knew I had health insurance and<07:41:13.520>
- So, they're playing insurance.
MS
Mississippi 2026 Regular Session
MS House Floor - 4 March, 2026; 10:00 AM
Mississippi House Floor Meeting
Transcript Highlights:
- We will be able to provide health care insurance, the premiums for our soldiers.
- We will be able to provide health care insurance, the premiums for our soldiers.
- Insurance, gentlemen. Gentleman from Prentice. Like Pope him. Yeah.
- buy health insurance. It you have to buy health insurance.
- actually help you able to get insurance. actually help you able to get insurance.
Summary:
The House convened with prayer and the Pledge of Allegiance, then heard several guest introductions, including a minister for the day, visiting school groups, forestry and farm organizations, and members of the Divine Nine. Members also recognized the East Webster Wolverines football team, the East Webster non-tumbling cheer champions, and the Simpson Academy Lady Cougars softball team for state championships. The chamber then moved to the calendar after dispensing with the journal reading.
On the concurrence calendar, the House concurred in House Bill 1758 by a vote of 120-0 after members noted the Senate had made only grammatical changes. On the general calendar, the House passed Senate Bill 2126, with a strike-all amendment clarifying that sex-offender registry restrictions on name changes still allow changes for marriage or divorce with notice; the bill passed 118-0. The House also passed Senate Bill 2230, expanding authority for electronic hearings, notices, and certain electronic orders and warrants for justice, circuit, and county court judges on misdemeanors, by 116-0. Senate Bill 2631, creating a Mississippi Grain Indemnity Act to help grain producers recover losses if a buyer goes bankrupt, passed 121-0. Senate Bill 2637, giving the Northeast District livestock shows flexibility to move locations if facilities are inadequate, passed 121-0 after questions about the Verona site and possible improvements. Senate Bill 2648, allowing MSU Extension Service assistance with poultry litter plans and amended to include Alcorn State University in developing comprehensive nutrient management plans, passed 121-0. Senate Bill 2809, concerning ag theft officers’ firearm rights in the event of death or retirement, passed 116-2. Senate Bill 2638, removing a reverse repealer from a meat-labeling bill, passed 119-0.
The House also began consideration of Senate Bill 2399, which would authorize DPS security personnel at certain Mississippi Department of Agriculture facilities to respond to security alarms because those facilities were omitted from the Capitol complex security arrangement. The transcript ends during the explanation of that bill, before final action is shown.
MN
Minnesota 2025-2026 Regular Session
Minnesota House OKs housing finance, policy bill agreement 5/13/26
Minnesota House Floor Meeting
Transcript Highlights:
- I also want to thank Commissioner Hoe and her team at MHFA.
- I also want to thank Commissioner Hoe and her team at MHFA.
- I also want to thank Commissioner<00:01:50.840>
Hoe <00:01:51.200>and <00:01:51.320> - Commissioner Hoe and her team at MHFA. Commissioner Hoe and her team at MHFA.
- every single member of Team Housing, to our staff, but also I want to send a special thank you to Commissioner
Summary:
The House considered the conference committee report on House File 1141, a housing bill, and moved to adopt the report and repass the bill as amended. Rep. Howard said the compromise would help build thousands of new homes, keep Minnesotans housed, and improve transparency and collaboration with the Minnesota Housing Finance Agency, while remaining budget-neutral. He highlighted investments in housing infrastructure bonds, greater Minnesota workforce housing, manufactured housing, EHPAP, supportive housing, and a new provision for greater public access at MHFA board meetings, while noting that some Senate proposals, including a manufactured housing bill of rights and a ban on private equity home purchases, were not included.
Several members spoke in support of the compromise. Rep. Kozlowski emphasized the bill’s role in addressing housing instability, homelessness, and workforce shortages, citing investments in first-generation homebuyer assistance, supportive housing, and preservation of beds and units. Rep. Skraba and Rep. West also supported the bill, with Skraba praising the bipartisan process and West arguing the bill focused on supply-side solutions such as manufactured housing and easing development constraints. Rep. Schultz opposed the bill, arguing the money should instead go to school safety, fraud prevention, asset preservation, and lowering costs for taxpayers. After brief discussion, the House adopted the conference report and advanced the bill to third reading.
NH
Transcript Highlights:
- I'm sure the assistant commissioner I'm sure the assistant commissioner could<00:49:32.079>
probably - We're a state that doesn't require insurance.
- For the record, my name is David Rodriguez, assistant commissioner.
- We do not do that with commissioner.
- According to the Insurance effect.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on State Administration and Regulatory Oversight Jun 21st, 2026 at 02:00 pm
Joint Committee on State Administration and Regulatory Oversight
Transcript Highlights:
- So they had insurance on that property, right? It was a flood. They've been paid.
- I'm not sure what the final number was on the insurance payment. It was made...
- I'm not sure what the final number was on the insurance payment. It was massive.
- The insurance was paid.
- The insurance was paid.
Summary:
The committee first heard testimony on H. 3599, a bill concerning access to historic Indian lands and easements for landlocked tribal parcels in Massachusetts. Witnesses, including members of the Mashpee Wampanoag and Herring Pond communities, said the bill would restore access to family lands that have long been treated as landlocked and had been denied easements by necessity in prior court rulings. They described heavy tax burdens, prior litigation, and support from the Mashpee Wampanoag Tribe, with conditional support from the Aquinnah Wampanoag Tribe pending language changes. Committee members asked about the tax assessments and the status of tribal support, and the chair said the committee would follow up on possible amendments.
The committee then took up S. 2922, which would authorize an underground easement at Magazine Beach in Cambridge for the Greater Cambridge Energy Project. Eversource representatives said the easement is needed for a transmission line connecting the Brighton and Kendall Square substations, supporting grid reliability and the Commonwealth’s clean energy transition. They said DCR would receive fair market value and replacement land in Wendell to satisfy Article 97 requirements. No objections were raised, and the panel’s testimony concluded without a vote recorded in the transcript.
Most of the hearing focused on H. 5047, which would authorize the Commonwealth to take the Norwood Hospital site by eminent domain so the hospital can be restored. Sponsors, local officials, hospital task force members, EMS and fire representatives, a chamber of commerce leader, and a former hospital administrator all argued that the 2020 flood and Steward’s bankruptcy left the region without adequate care, causing longer ambulance transports, emergency room boarding, staffing strain, and economic losses. They said the site remains a partially completed shell, that the state should be able to acquire it and bring in a nonprofit operator, and that the taking would not require state funding because an operator would pay the acquisition costs. Committee members from both chambers expressed support and asked about costs, timing, infrastructure, and whether a nonprofit operator is being pursued. The chair took the bill under advisement after extensive testimony; no vote was taken in the transcript.
HI
Transcript Highlights:
- ,<00:13:28.880>
they to provide the required insurance, they to provide the required insurance - Next we have Scott Psyche, insurance commissioner from DCCA, with comments.
- Sorry for the insurance commission.
- Sorry for the insurance commission.
- insurance plan. insurance plan.
Keywords:
retirement, law enforcement, pension, public safety, employee contributions, Law Enforcement Standards Board, LESB, civil service exemption, collective bargaining exemption, law enforcement certification, police standards, law enforcement training, officer certification, training and curriculum coordinator, lead investigative agent, administrative manager, administrator, Hawaii HRS 76-16, Hawaii HRS 139-3, personnel exemption
FL
Transcript Highlights:
- And this legislation ensures a state health insurance plan cover standard fertility preservation services
- Committee substitute for House Bill 677, a bill to be entitled an act relating to state group insurance
- Committee substitute for House Bill 677, a bill to be entitled an act relating to state group insurance
- Committee substitute for House Bill 677, a bill to be entitled an act relating to state group insurance
- Committee substitute for House Bill 677, a bill to be entitled an act relating to state group insurance
Summary:
The Senate convened with opening prayer, the Pledge of Allegiance, and several recognitions, including guests from Miami Northwestern Senior High School, Clay County, and others. Senators also observed a moment of silence for Pope Francis. After routine announcements, the chamber moved to the special order calendar and took up a long series of bills, often substituting House companions for Senate bills before final passage.
Among the measures approved were bills creating an expedited DNA testing grant program for local law enforcement, adding aggravating factors in capital cases involving gatherings for religious, school, or government activities, requiring state health coverage for fertility preservation services for cancer patients, authorizing indemnification for commuter rail providers, prohibiting abandonment of migrant vessels in Florida waters, and creating new specialty license plates. The Senate also passed bills on Alzheimer’s awareness, relocating the Council on the Social Status of Black Men and Boys to Florida Memorial University, charter schools, sex offender registration, utility worker protections, juvenile justice, student mental health reporting, foster home licensure transfers, water access facilities, Florida Virtual School, school readiness, sexual images involving children, tampering with electronic monitoring devices, certified recovery residences, the FSU Election Law Center, the Office of Faith and Community, and bonuses for county property appraiser employees. Several other bills were temporarily postponed, including measures on social media use by minors, veterans’ nursing homes, Parkinson’s disease, mental health and substance use disorders, education, educator preparation, officers injured in the line of duty, school social workers, and Brownfields.
Debate was especially extensive on the Office of Faith and Community bill, where an amendment to bar political activity by office staff was offered but failed 13-23 after arguments over election-related communications and the scope of existing law. The certified recovery residences bill also drew notable debate, with supporters emphasizing housing as essential to recovery and opponents raising concerns about implementation and local control. Most other bills passed with little or no opposition, though a few drew dissenting votes, including the capital aggravating factors bill, charter schools, and the Office of Faith and Community measure.
MS
Mississippi 2026 Regular Session
Appropriations - Room 216, 24 February, 2026; 1:30 PM
Appropriations
Transcript Highlights:
- Secondly, to my peer agencies that are here and will testify, and to the leaders and the commissioners
- and to the leaders and the commissioners and to the leaders and the commissioners and<00:05:21.440
- Uh, like the state accounting, payroll, insurance, really the will of state government is under us. >
- >
really accounting, payroll, insurance, really accounting, payroll, insurance, really the<00: - There were three different persons sitting as the commissioner between 2016 and the end of 2020, when
Summary:
Legislative leaders opened the hearing by focusing on statewide technology issues affecting agencies, including rising IT costs, cloud migration, cybersecurity risks, procurement delays, and the need for better coordination across government systems. They said the meeting was intended to hear from agency directors about current challenges and possible legislative solutions.
The ITS director described the state’s IT structure as decentralized but increasingly moving toward shared services. He highlighted recent legislative and executive actions on cloud computing, artificial intelligence, procurement modernization, and data sharing, including House Bill 1491, Senate Bill 2426, Senate Bill 2267, House Bill 958, and an executive order on AI. He said ITS has worked with large agencies on a cloud center of excellence, a procurement modernization advisory council, and a state data exchange, and noted plans for a master contract, potentially with OpenAI, that could be available to all public entities.
He also emphasized cybersecurity, saying the state is seeking a secure operations center and a broader “cyber maturity” approach after recent incidents. On procurement, he said the goal is to speed up purchasing while keeping it safe, and on optimization he pointed to potential savings from consolidating duplicate agreements, such as multiple Microsoft enterprise contracts. In response to questions, he said exceptions to centralization would be based on business and technical architecture and regulatory requirements such as HIPAA, CISA, or FERPA, rather than ad hoc decisions.
ND
North Dakota 2026 1st Special Session
Budget Section Leadership Division Jun 24th, 2026 at 01:00 pm
Transcript Highlights:
- Chairman LaFourne, Matt Pearl with the Office of State Tax Commissioner.
- There's a lot of opportunity, I think, to spruce up some of the areas, which a Capitol Grounds commissioner
- Under Job Service, one item I wanted to point out is their unemployment insurance modernization project
- Under job service one item I wanted to point out is their unemployment insurance modernization project
Summary:
The Budget Section Leadership Division met with a quorum and approved the March 18 minutes. The committee first heard an update from the Petroleum Council on oil and gas activity in North Dakota. Ron Ness said production is expected to remain relatively flat at just under 1.2 million barrels per day, with efficiency gains and longer laterals helping offset lower rig counts. He discussed oil and gas prices, gas taxation, flaring concerns, northward movement of drilling activity, and the importance of new infrastructure and enhanced oil recovery (EOR) pilots. Members asked about gas taxation, natural gas liquids, pipeline impacts, and the outlook for Continental and other operators. Ness said the industry is likely to remain steady rather than see a major ramp-up or decline.
Matt Pearl of the State Tax Department then explained the federal “big beautiful bill” and its effect on North Dakota income tax collections. He said the law extends or makes permanent several federal provisions and creates temporary deductions for seniors, tips, overtime, and auto loan interest, with the biggest state impact coming from the standard deduction increase and business tax changes. He revised earlier estimates downward, saying the net cash impact on state collections is likely in the $30 million to $35 million range after accounting for business prepayments and one-time FY25 oilfield transaction effects. Committee members asked which provisions apply to standard versus itemized returns.
OMB staff gave a detailed update on major capital projects and facility funding. Topics included Capitol grounds improvements such as 18th-floor renovations, wayfinding, seating, lighting, tree management, and restroom and lobby upgrades; security work at the governor’s residence, which has been delayed by the discovery of human remains; and space reconfiguration efforts in Bismarck-Mandan to reduce leases and create shared offices and conference rooms. They also reported on the State Facility Maintenance Fund, including roof, window, boiler, and kitchen projects at state facilities, and on the state hospital project in Jamestown, which remains on budget and on schedule for substantial completion in winter 2027 and opening in spring 2028. OMB also updated the committee on the Minot North Central State Office Building, the use of federal State Fiscal Recovery Funds, and the status of legislative intent and trust fund reports, including school aid turnback, the school construction loan program, the Foundation Aid Stabilization Fund, the Legacy Fund, and the Strategic Investment and Improvements Fund. The committee ended by discussing future agenda items, including government efficiency, cash management, Bank of North Dakota lines of credit, and the rural health transformation program, and then adjourned.
FL
Florida 2025 Regular Session
April 3, 2025 - 08:00 AM
Transcript Highlights:
- Next up, members, we are going to take CS for HB 643, residual market insurers, by Representative Snyder
- Natalie Fasel, Polk County Board of County Commissioners, waving in support.
- Pierce, The, these damages under the Florida Water Quality Insurance Act would also open up damages to
- Natalie Fasel, Polk County Board of County Commissioners, waving in support.
Summary:
The committee met with a quorum and first postponed CS for HB 781 at the sponsor’s request. It then heard and passed CS for HB 429, which codifies the existing process for terminating or cancelling motor vehicle dealer franchises and requires manufacturers to provide written sales and service performance criteria; the bill was supported by the Florida Automobile Dealers Association and was reported favorably 12-0. The committee next took up HB 983 on homeowners associations, where the sponsor described HOA fraud and abuse concerns and proposed expanding local law enforcement authority to investigate, inspect, and audit HOAs, easing recall procedures, and allowing prevailing-party attorney’s fees in recall disputes. Two amendments were adopted: one removing constitutionality-problematic Kaufman language, and another defining financial statements more comprehensively to improve HOA transparency. The bill drew support from Miami-Dade County and the Miami-Dade Sheriff’s Office and was reported favorably as amended 14-0.
The committee also passed CS for HB 1343 on public nuisance abatement fines, which raises daily fines from $250 to $500, removes the $15,000 cap, adjusts foreclosure timing on unpaid nuisance liens, and allows attorney-fee calculations to include legal assistance time. Members discussed due process and notice concerns, and the sponsor said he would work on clarifying notice for both owners and nuisance-causing parties; the Orange County Sheriff’s Office supported the measure, citing violent crime tied to nuisance properties. CS for HB 643 on residual market insurers was then reported favorably without discussion. CS for HB 1183 on cybersecurity incident liability followed; it would shield government and private entities from liability if they substantially comply with cybersecurity standards, with the sponsor explaining that the bill was revised after a prior veto to define substantial compliance through policy letters, disaster recovery planning, and multi-factor authentication. Despite concerns about the breadth of the liability protection, the committee adopted an amendment and reported the bill favorably 13-1.
PCS for HB 915, addressing advertisements for representation services, was also reported favorably 14-0. The bill targets misleading advertising by nonlawyers and notaries, especially in immigration-related services, requiring clear bilingual disclosures and allowing damages, fees, and injunctive relief for violations; it was supported by faith-based and civil rights groups. CS for HB 585 on former phosphate mining lands was then approved 14-0; the sponsor said it would create a defense to Water Quality Assurance Act strict liability for naturally occurring substances on former phosphate mine sites, require notice recording, radon surveys, and pre-suit radiation testing, and it would not apply retroactively to pending litigation. HB 6503, a claims bill for Mandy Penny Lemon, was also reported favorably 14-0 after brief sponsor remarks describing her severe injuries and homelessness following a 2018 incident.
Finally, the committee considered HB 129 on pesticide-related products liability. A strike-all amendment was adopted that bars failure-to-warn claims for EPA-registered pesticide products when the label is consistent with EPA’s most recent human health risk assessment and carcinogenicity classification, while preserving claims if information was withheld, concealed, misrepresented, or destroyed to obtain or maintain the label. Supporters argued the bill provides certainty and respects EPA’s scientific labeling process; opponents warned it would effectively block access to courts and delay claims until after lengthy EPA investigations. After extensive debate, the committee reported the bill favorably as amended 13-1.
MA
Massachusetts 2025-2026 Regular Session
Status of Persons with Disabilities Jun 21st, 2026 at 11:00 am
Transcript Highlights:
- I would also like to welcome several of our commissioners who've joined our meeting this morning: Osmondahar
- affected if they receive a government-subsidized health care service or if they apply for government insurance
Summary:
The Workforce Support Subcommittee of the Permanent Commission on the Status of Persons with Disabilities met to discuss workforce issues affecting people who provide services to individuals with disabilities, with a focus on immigration enforcement concerns and an upcoming employment event. Ethan Marks, Deputy Chief of the Health Care Division at the Massachusetts Attorney General’s Office, presented the AGO’s late-January guidance for health care providers and patients on how to respond to ICE activity at health care facilities, what information and access ICE may request, and what protections and access-to-care issues apply. He said the guidance is broad, includes contact information for the Civil Rights Division, and will be updated if federal policy changes. Committee members asked whether residential programs, day programs, DDS/DMH facilities, and similar settings would fall under the guidance; Marks said the guidance is intended to be broad but that specific scenarios may require follow-up with the Civil Rights Division. He also said he was not aware of significant ICE activity at health care facilities so far, though there is fear and some rumors, and members discussed sharing the guidance with hospitals, academic medical institutions, the Health Equity Compact, and other stakeholders.
The subcommittee then reviewed plans for a June 23 State House event titled Strength and Support: Networking and Resource Sharing Event for Youth and Young Adults with Disabilities, Personal Care Assistance, Job Coaches, and Inclusive Workplaces. The event will feature a panel-style conversation with prepared questions, success stories, challenges to employment, and strategies to improve outcomes, while also highlighting the shortage of direct support and human services workers. Confirmed or potential participants and partners mentioned included Partners for Youth with Disabilities, MassAbility, NextGen, JVS, the Federation for Children with Special Needs, the PCA Council, and the Arc of Massachusetts, which has launched a PSA campaign for direct support worker hiring. The PCA Council’s resume directory for people interested in becoming PCAs was also noted as a recruitment resource.
Members suggested inviting employers and other stakeholders to the June event, including Eastern Bank, Mass General Brigham, and possibly representatives connected to apprenticeship programs. The group also discussed reaching out to contacts at the Federation and NextGen, and one member suggested Kathy Pitkowskis as a possible connection. The subcommittee said it would continue outreach and finalize the event details, and noted that the next regular meeting will be August 28, with Patricia Wu from EHS scheduled to provide statewide updates.
AL
Transcript Highlights:
- and Energy Reduction Property Insurance and Energy Reduction Act.
- County commissioners, judge...
- commissioners, licensed commissioners, and elected assistant tax assessors.
- Last year we passed PBM legislation, and this expanded the Alabama Department of Insurance authority
- paid from within the insurance division. paid from within the insurance division.
FL
Florida 2026 5th Special Session
Senate in Special Session E May 12th, 2026
Florida Senate Floor Meeting
Transcript Highlights:
- Vice Mayor Mateer made history when she was selected to the Coral Springs City Commissioner in 2020,
- She was re-elected in 2024 and later appointed by her fellow commissioners to serve as vice mayor.
- was in the Senate, Senator Posey chaired the Ethics and Elections Committee and the Banking and Insurance
Summary:
The Senate convened in special session for budget conference work, opened with prayer, the Pledge of Allegiance, and moments of silence honoring Coral Springs Vice Mayor Nancy Mateer and former Senator Bill Posey. The Secretary read the joint proclamation calling the special session, which was limited to the budget, implementing bill, collective bargaining/state employee issues, retirement, DMS, law enforcement radio system, health, higher education, K-12 education, government administration, correctional facilities financing, judges, documentary stamp tax distributions, petroleum cleanup programs, fuel taxes, and taxation. Chair Hooper outlined the process for moving Senate and House budget conforming bills into conference posture, noting that conference meetings would be on one-hour notice.
The Senate then took up and passed a series of Senate conforming bills and House companion bills, generally by unanimous 32-0 votes, with delete-all amendments used to place Senate language onto House bills or to clear bills for conference. Measures addressed fuel taxes, the state agency law enforcement radio system, judges, pre-K through 12 education, retirement, higher education, health care, government administration, correctional facilities financing and capital improvements, documentary stamp tax distributions, petroleum cleanup programs, state employees/collective bargaining, and the implementing bill for the 2026-27 budget. Senators repeatedly moved that, when the House version was not passed as received, the Senate request conference or accede to the House’s request for conference.
The General Appropriations Bill was handled by substituting House Bill 5001E for Senate Bill 2500E, amending it with Senate substance, and passing it 32-0 before requesting conference. House Bill 7031E on taxation was also amended and debated; Senator Berman used the debate to urge consideration of suspending the motor fuel tax for summer relief, but the bill ultimately passed and the Senate requested conference after failing to pass the House version as received. The session ended with a motion to waive rules for publishing the Special Order Calendar for the remainder of the special session, followed by adjournment upon the call of the President for committee meetings and other Senate business.
FL
Florida 2026 Regular Session
FL House Floor Session - 2026-05-12 (10:00AM Session)
Florida House Floor Meeting
Transcript Highlights:
- Vice Mayor Mateer made history when she was selected to the Coral Springs City Commissioner in 2020,
- She was re-elected in 2024, later appointed by her fellow commissioners to serve as vice mayor.
- was in the Senate, Senator Posey chaired the Ethics and Elections Committee and the Banking and Insurance
OK
Oklahoma 2026 Regular Session
Oversight Committee for the Legislative Office of Fiscal Transparency -LOFT- Feb 26th, 2026 at 02:00 pm
Oversight Committee for the Legislative Office of Fiscal Transparency (LOFT)
Transcript Highlights:
- The commissioners of the Land Office lease office buildings to 24 state agencies across seven buildings
- You, I have an enormous amount of respect for you, the role that you played at OTC as a commissioner,
- buildings would generate significant savings for the state and avoid rent, maintenance, utilities, insurance
FL
Florida 2025 Regular Session
November 18, 2025 - 10:30 AM
Transcript Highlights:
- Division under the Florida Department of Agriculture and Community Consumer Services and were led by Commissioner
- And we're very grateful for his leadership and his support since becoming our AG Commissioner work with
- Many of these vessels are moved by owners insurance companies or may even be brought back into compliance
TX
Transcript Highlights:
- changed its rules on local rules, and instead of file and get permission, it's a file and use to use insurance
- Sure, no, I think to be honest about it, sometimes there's competition between the county commissioners
- So there's There's, there's problems and sometimes commissioners' courts don't want to pay what it takes
MO
Missouri 2026 Regular Session
Joint Committee on Public Employee Retirement Apr 28th, 2026 at 08:30 am
Joint Committee on Public Employee Retirement
Transcript Highlights:
- The Commissioner of Administration is here. And then we have Jenny Jacobs.
- and one retired member, and then we have two ex officio members, the state treasurer, and the Commissioner
- and one retired member, and then we have two ex officio members, the state treasurer, and the Commissioner
- The employer normal cost is expected to decline because of new insurance in the 2011 plan will continue
Summary:
The Joint Committee on Public Employee Retirement held a hearing focused on the Missouri State Employees’ Retirement System (MOSERS) and its long-term financial condition. MOSERS staff and its investment consultant reviewed the system’s structure, membership, funding policy, and investment approach. They reported a June 30, 2025 funded ratio of 55.4%, with about $17.4 billion in liabilities and $9.6 billion in assets, and explained that the board certified a 32% employer contribution rate under its minimum contribution policy, up from 30.25%, which will increase state appropriations. They also described the system as mature, with more retirees and inactive members than active employees, and said declining payroll growth has made it harder to improve funding.
The presentation emphasized that recent board actions were intended to strengthen the plan over the long term, even though they increased near-term costs. Those changes included lowering the assumed investment return over time to 6.95%, updating mortality assumptions, moving from an open to a closed amortization schedule, and adopting a minimum employer contribution policy. The investment consultant said MOSERS historically used a more risk-balanced asset allocation than many peers, which helped explain weaker relative returns during a long period when public equities outperformed; the board has since shifted toward a more equity-oriented allocation. He said recent performance has improved, with the portfolio outperforming its policy index and ranking better against peers in the short term, though longer-term peer performance remains a concern.
Committee members questioned why the funded ratio had declined over roughly 20 years and whether past investment and actuarial assumptions were too optimistic or too conservative. MOSERS officials responded that the current board is trying to correct earlier decisions and that the present strategy is more in line with industry practice. Members also discussed a proposed MOSERS bill package that would automatically refund small balances to terminated non-vested members and increase deferred compensation auto-escalation, with officials saying the refund provision would improve efficiency and return small balances sooner. The committee also briefly discussed ongoing litigation involving Catalyst Capital; MOSERS said attorney fees have been about $20 million so far, the case remains on appeal, and the damages amount is sealed. No formal votes were taken, and the committee adjourned after questions and discussion.
OK
Oklahoma 2026 Regular Session
Appropriations and Budget Judiciary Subcommittee - Afternoon Session Jan 13th, 2026 at 01:00 pm
A&B Judiciary Subcommittee
Transcript Highlights:
- So, one, we saved the hospitalization and insurance money.
- They said, 'Yes, jail administrator', said Debbie, 'Can I take you to meet the commissioners on Monday
- Went to the commissioner's meeting the following Monday, talked to the commissioners, and said, 'I am
- me tell you where Comanche County Jail is sitting today, despite three of the loveliest county commissioners
FL
Florida 2025 Regular Session
Criminal Justice Mar 18th, 2025
Transcript Highlights:
- It's an honor to stand before you today seeking confirmation for my appointment as pro commissioner to
- While the real Florida families are losing their homes to property insurance and property taxes in the
- But what we need to remember is whenever our education commissioner and governor presented a list of
- Commissioner John Brody, City of Coconut Creek is waiving in support.