Video & Transcript Research : 'actuarial study'
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TX
Texas 89th 2nd C.S.
Appropriations S/C on Articles VI, VII, & VIII Feb 26th, 2025
Transcript Highlights:
- early 2023, following the Sunset Advisory Commission directive, OPAC conducted a cost effectiveness study
- Rates must be based on sound actuarial principles.
- Well, no, I'm talking about we've done it once, the actuarial review. Oh, the actuarial reviews.
- Mostly are actuaries, lawyers. Policy for reviewers.
- Uh, so we have written a writer to fund that study, and that's all. Thank you. Thank you.
TX
Transcript Highlights:
- Senate Bill 2214 by Hall, relating to the study of school safety laws and their implementation in Texas
- sound and remains actuarially sound.
- This budget includes those actuarially determined payments, which are determined by the process that
- But as you know, once we reach actuarial soundness, it's kind of a balancing act. ...to stay there.
- Senate Bill 2390 by Eckhardt, relating to a study regarding the cost of childcare in this state.
Bills:
SCR8, SCR25, SB1, SB14, SB24, SB213, SB251, SB315, SB371, SB378, SB379, SB406, SB413, SB472, SB487, SB502, SB502, SB509, SB513, SB513, SB565, SB565, SB583, SB608, SB621, SB650, SB686, SB686, SB707, SB710, SB710, SB761, SB761, SB810, SB815, SB840, SB856, SB875, SB875, SB896, SB896, SB916, SB925, SB958, SB958, SB961, SB965, SB965, SB973, SB973, SB987, SB990, SB995, SB1018, SB1019, SB1146, SB1146, SB1198, SB1252, SB1252, SB1253, SB1253, SB1330, SB1343, SB1362, SB1499, SB1499, SB1532, SB1532, SB1547, SB1547, SB1555, SB1596, SB1596, SJR36, SJR12, SJR57, SCR25, SCR22, SCR12, SCR8, SB565, SB765, SB62, SB666, SB707, SB888, SB687, SB847, SB1248, SB14, SB1006, SB504, SB925, SB995, SB857, SB305, SB296, SB284, SB815, SB1379, SB1497, SB1499, SB1498, SB241, SB304, SB621, SB1023, SB1024, SB686, SB112, SB371, SB204, SB609, SB670, SB502, SB850, SB854, SB413, SB1555, SB1362, SB1346, SB1033, SB1220, SB1073, SB810, SB987, SB1539, SB447, SB875, SB406, SB985, SB965, SB1119, SB1505, SB24, SB1194, SB1253, SB1215, SB1532, SB1302, SB856, SB650, SB583, SB673, SB213, SB681, SB1172, SB1252, SB378, SB1343, SB608, SB487, SB955, SB957, SB988, SB990, SB1019, SB1021, SB1120, SB251, SB958, SB761, SB1, SB541, SB315, SB379, SB1018, SB1737, SB266, SB1415, SB1527, SB125, SB599, SB1330, SB53, SB916, SB896, SB1352, SB973, SB785, SB710, SB472, SB1450, SB1502, SB1566, SB414, SB1062, SB1547, SB961, SB1038, SB513, SB578, SB711, SB746, SB942, SB1404, SB1448, SB1738, SB108, SB8, SB318, SB507, SB533, SB689, SB1026, SB1349, SB1355, SB1433, SB1434, SB1596, SB1403, SB1198, SB1146, SB763, SB667, SB1059, SB617, SB1567, SB503, SB1, SB1555, SR233, SR307, SR310, SR318, SR319, SCR25, SJR72, SJR73, SJR75, SJR77, SJR79, SJR80, SJR81, SJR82, SB2198, SB2201, SB2202, SB2203, SB2204, SB2205, SB2206, SB2207, SB2208, SB2209, SB2210, SB2211, SB2213, SB2214, SB2215, SB2216, SB2217, SB2218, SB2219, SB2220, SB2221, SB2222, SB2223, SB2224, SB2225, SB2226, SB2227, SB2228, SB2229, SB2231, SB2232, SB2233, SB2234, SB2235, SB2236, SB2237, SB2238, SB2239, SB2240, SB2241, SB2242, SB2243, SB2244, SB2245, SB2246, SB2247, SB2248, SB2249, SB2250, SB2251, SB2252, SB2253, SB2254, SB2255, SB2256, SB2257, SB2258, SB2259, SB2260, SB2261, SB2262, SB2263, SB2264, SB2265, SB2266, SB2267, SB2268, SB2269, SB2270, SB2271, SB2272, SB2273, SB2274, SB2275, SB2276, SB2277, SB2278, SB2279, SB2280, SB2281, SB2282, SB2283, SB2284, SB2285, SB2286, SB2287, SB2288, SB2289, SB2290, SB2291, SB2292, SB2293, SB2294, SB2295, SB2296, SB2297, SB2298, SB2299, SB2300, SB2301, SB2302, SB2303, SB2304, SB2305, SB2306, SB2307, SB2308, SB2309, SB2310, SB2311, SB2313, SB2314, SB2315, SB2316, SB2317, SB2318, SB2319, SB2320, SB2321, SB2322, SB2323, SB2324, SB2325, SB2326, SB2327, SB2328, SB2329, SB2330, SB2331, SB2333, SB2334, SB2335, SB2336, SB2337, SB2338, SB2339, SB2340, SB2341, SB2342, SB2343, SB2344, SB2346, SB2347, SB2348, SB2349, SB2350, SB2351, SB2352, SB2353, SB2354, SB2355, SB2356, SB2357, SB2358, SB2359, SB2360, SB2361, SB2362, SB2363, SB2364, SB2365, SB2366, SB2367, SB2368, SB2369, SB2370, SB2371, SB2372, SB2373, SB2374, SB2375, SB2376, SB2377, SB2378, SB2379, SB2380, SB2381, SB2382, SB2383, SB2384, SB2385, SB2386, SB2387, SB2388, SB2389, SB2390, SB2391, SB2393, SB2394, SB2395, SB2396, SB2397, SB2398, SB2399, SB2400, SB2401, SB2402, SB2403, SB2404, SB2405, SB2406, SB2410, SB2411, SB2412, SB2413, SB2414, SB2415, SB2416, SB2417, SB2418, SB2419, SB2420, SB2421, SB2422, SB2423, SB2424, SB2426, SB2427, SB2428, SB2429, SB2430, SB2431, SB2432, SB2433, SB2434, SB2435, SB2436, SB2437, SB2438, SB2439, SB2440, SB2441, SB2442, SB2443, SB2444, SB2445, SB2446, SB2447, SB2448, SB2449, SB2450, SB2451, SB2452, SB2453, SB2454, SB2455, SB2456, SB2457, SB2458, SB2459, SB2460, SJR72, SJR73, SJR75, SJR77, SJR79, SJR80, SJR81, SJR82, SB2198, SB2201, SB2202, SB2203, SB2204, SB2205, SB2206, SB2207, SB2208, SB2209, SB2210, SB2211, SB2213, SB2214, SB2215, SB2216, SB2217, SB2218, SB2219, SB2220, SB2221, SB2222, SB2223, SB2224, SB2225, SB2226, SB2227, SB2228, SB2229, SB2231, SB2232, SB2233, SB2234, SB2235, SB2236, SB2237, SB2238, SB2239, SB2240, SB2241, SB2242, SB2243, SB2244, SB2245, SB2246, SB2247, SB2248, SB2249, SB2250, SB2251, SB2252, SB2253, SB2254, SB2255, SB2256, SB2257, SB2258, SB2259, SB2260, SB2261, SB2262, SB2263, SB2264, SB2265, SB2266, SB2267, SB2268, SB2269, SB2270, SB2271, SB2272, SB2273, SB2274, SB2275, SB2276, SB2277, SB2278, SB2279, SB2280, SB2281, SB2282, SB2283, SB2284, SB2285, SB2286, SB2287, SB2288, SB2289, SB2290, SB2291, SB2292, SB2293, SB2294, SB2295, SB2296, SB2297, SB2298, SB2299, SB2300, SB2301, SB2302, SB2303, SB2304, SB2305, SB2306, SB2307, SB2308, SB2309, SB2310, SB2311, SB2313, SB2314, SB2315, SB2316, SB2317, SB2318, SB2319, SB2320, SB2321, SB2322, SB2323, SB2324, SB2325, SB2326, SB2327, SB2328, SB2329, SB2330, SB2331, SB2333, SB2334, SB2335, SB2336, SB2337, SB2338, SB2339, SB2340, SB2341, SB2342, SB2343, SB2344, SB2346, SB2347, SB2348, SB2349, SB2350, SB2351, SB2352, SB2353, SB2354, SB2355, SB2356, SB2357, SB2358, SB2359, SB2360, SB2361, SB2362, SB2363, SB2364, SB2365, SB2366, SB2367, SB2368, SB2369, SB2370, SB2371, SB2372, SB2373, SB2374, SB2375, SB2376, SB2377, SB2378, SB2379, SB2380, SB2381, SB2382, SB2383, SB2384, SB2385, SB2386, SB2387, SB2388, SB2389, SB2390, SB2391, SB2393, SB2394, SB2395, SB2396, SB2397, SB2398, SB2399, SB2400, SB2401, SB2402, SB2403, SB2404, SB2405, SB2406, SB2410, SB2411, SB2412, SB2413, SB2414, SB2415, SB2416, SB2417, SB2418, SB2419, SB2420, SB2421, SB2422, SB2423, SB2424, SB2426, SB2427, SB2428, SB2429, SB2430, SB2431, SB2432, SB2433, SB2434, SB2435, SB2436, SB2437, SB2438, SB2439, SB2440, SB2441, SB2442, SB2443, SB2444, SB2445, SB2446, SB2447, SB2448, SB2449, SB2450, SB2451, SB2452, SB2453, SB2454, SB2455, SB2456, SB2457, SB2458, SB2459, SB2460
Keywords:
central bank digital currency, CBDC, Federal Reserve, digital dollar, digital currency, cashless payments, financial privacy, cybersecurity, government surveillance, financial surveillance, money laundering, terrorism financing, illicit finance, banking policy, monetary policy, payments system, commercial banks, Texas Legislature, concurrent resolution, federal reserve digital currency
WY
Wyoming 2026 Regular Session
Select Committee on School Finance Recalibration, January 22, 2026 - AM
Select Committee on School Finance Recalibration
Transcript Highlights:
- Um 20 to because we just did a study.
- <02:17:38.399>
um we figured out through the actuarial um we figured out through the actuarial - Um, ideally what happens during a study Um, ideally what happens during a study is<02:19:43.679>
- <03:04:08.880>
or um my understanding is their actuary or um my understanding is their actuary - And I would say actuaries increase.
FL
Florida 2025 Regular Session
October 8, 2025 - 01:00 PM
Transcript Highlights:
- OUR CHIEF MEDICAL OFFICER IS HELPING LEAD THAT, ALONG WITH SUPPORT FROM THE ACTUARIES FOR ANY OF THE
- THAT VENDOR IS THE OTHER ACTUARIAL FIRMS.
- TO ISSUE THE REPORT JANUARY 05, 2026 BEING LED INTERNALLY BY OUR CHIEF MEDICAL OFFICER ALONG WITH ACTUARIAL
- THE NURSING HOME MULTISTATE STUDY DIRECTED US TO CONTRACT WITH THE SAME VENDOR IMPLEMENTED AT THE TIME
- STUDIES THAT HAVE BEEN DONE ABOUT THE HEALTHCARE SHORTAGES THAT ARE LOOMING IN FLORIDA'S FUTURE SO WE
FL
Florida 2025 Regular Session
October 7, 2025 - 12:30 PM
Transcript Highlights:
- INSURANCE COMPANIES START USING AI FOR ACTUARY PURPOSES AS EARLY AS 1990.
- IT'S ACROSS ALL LINES BUT IT'S DEPENDING ON WHAT FACTORS ARE DETERMINED TO BE IMPORTANT JUST LIKE ACTUARIES
- I WOULD GIVE THAT TO ANY STUDY NOT JUST THE FLORIDA LEGISLATURE. >> Chair Yeager: YOU'RE RECOGNIZE FOR
- Martin: TO CLARIFY, I THINK WHAT I SAID IN MY COMMENTS WAS, AI HAS BEEN USED BY ACTUARIES SINCE THE 90S
- I THINK I LIMITED IT TO ACTUARIES.
TX
Transcript Highlights:
- And we think part of that is you have actuaries that are conservative.
- You have actuaries that are aggressive.
- In our study of Hurricane Sally, we found that out of... ...roof.
- Is that something you guys have studied? We have studied the issue. We've looked at it.
- We have studied the issue. We've looked at it.
FL
Florida 2025 Regular Session
January 15, 2025 - 03:30 PM
Transcript Highlights:
- That includes looking at particular language and using actuarial science to determine whether rates are
- inadequate, excessive, or actuarially sound.
- As a result, the actuarial indicators that we had used in that space to set the rates for consumers were
- Their actuaries worked with ours to actually force those rates down to an actuarially sound level.
- So rating tables and actuarial science around that changed overnight, in a matter of moments, and that
Summary:
The State Administration Budget Subcommittee met for an introductory overview of the agencies under its jurisdiction and their current-year budgets. Chair Vicki Lopez welcomed members and staff, and each member briefly introduced themselves and identified areas of interest, with recurring themes including fiscal restraint, insurance regulation, revenue administration, condominium issues, and government efficiency. The chair then outlined the subcommittee’s overall budget, about $3.1 billion, and noted major recent policy areas affecting the budget such as condominium legislation and emergency communications funding.
Agency heads then presented high-level summaries of their missions and budgets. The Department of Revenue described property tax oversight, tax administration, and child support enforcement; the Department of Management Services reviewed state purchasing, telecommunications, fleet, state insurance, retirement, and digital services; DBPR highlighted licensing, enforcement, condominiums, and building code work; DFS covered insurance consumer services, risk management, unclaimed property, fire marshal functions, and criminal investigations; the Gaming Control Commission discussed pari-mutuel and tribal gaming oversight and enforcement; OIR explained insurer solvency and rate review; the Lottery emphasized education funding and record sales; OFR described regulation of banking, securities, lending, and money services; DOAH outlined administrative and workers’ compensation adjudication; PSC covered utility rate regulation and consumer complaints; PERC described labor relations and career service appeals; and FCHR summarized discrimination complaint investigations and outreach.
Several members asked questions about utility returns, insurance regulation staffing, DMS’s state employee health plan deficit and prescription drug formulary management, agency recommendations for reducing regulatory burden, and state facilities usage. Responses generally emphasized that utility rates and insurer filings are determined through evidentiary and actuarial processes, that OIR has reduced vacancies but still seeks specialized staff and a Tampa office expansion, and that DMS acknowledged rising health plan costs and said the issue likely requires broader budget-level discussion. The chair also pressed multiple presenters to stay focused on agency operations and budgets rather than broader policy issues. No votes or formal actions were taken in the meeting.
NM
New Mexico 2026 Regular Session
House - Appropriations and Finance Jan 15th, 2026 at 01:32 pm
House Appropriations & Finance
Transcript Highlights:
- They are experts in studying organizations like ours, and they took a look at our staffing levels compared
- Our unfunded liability is currently at 9.7 billion, and our actuarial Accrued liability, the promises
- We do a thing called an experience study every about four years, and it looks at all our assumptions
- Last year, in our experience study, it showed that our population that we serve is getting healthier.
- It also really allows us to study how we're using our buildings, and are we setting building use fees
CA
Transcript Highlights:
- Studies show that adding just one 12-ounce sugary drink daily increases the risk of developing type 2
- What we've seen from the studies also is that, really, to be effective, the warning labels need to be
- And what are the studies behind the biosimilars being essentially interchangeable?
- disagree with the plan actuaries.
- disagree with the plan actuaries.
AL
Alabama 2026 1st Special Session
Alabama Senate Banking and Insurance Committee Feb 25th, 2026
Banking and Insurance
Transcript Highlights:
- study to take all the information and try to determine what's an appropriate reimbursement rate for
- Troy University to conduct an actuarial Troy University to conduct an actuarial study<00:26:04.880
- to take all the information and study to take all the information and try<00:26:06.799>
to <00 - We were trying to stay and be reasonable about this, to do a study without sticker shock with it as well
- reasonable about this to do a study reasonable about this to do a study without<00:31:26.960>
Keywords:
public officers, bonding, risk management, notification, delinquency, consumer protection, rental home, marketplace guarantees, insurance, commissioner of insurance, healthcare, breast cancer screening, insurance coverage, deductible, copayment, emergency medical services, ambulance reimbursement, health care insurers, balance billing, provider networks
ND
North Dakota 2025-2026 Regular Session
Legislative Audit and Fiscal Review Committee Mar 24th, 2026
Transcript Highlights:
- Chairman, if it would be okay with you, I would like to see that study.
- These amounts are actuarially determined each year by the actuaries that are commissioned.
- These amounts are actuarially determined each year by the actuaries that are commissioned.
- They are large enough to have actuaries and these individuals on staff. We are not.
- I've studied all these different school budgets and all of that, and we have got to start.
Summary:
The committee met to receive a series of audit presentations, beginning with the statewide Annual Comprehensive Financial Report (ACFR) for fiscal year 2025. The State Auditor’s Office and OMB reported a clean, unmodified opinion for the state, with strong financial results including a $40.6 billion net position, $30.99 billion in assets, $1.81 billion in liabilities, and continued Legacy Fund growth. OMB also explained the new GASB 101 compensated-absences reporting change and discussed pension-liability fluctuations tied to discount-rate assumptions and investment performance. Members asked about how the state compares to others and about the effect of short-term commodity price swings, and OMB said the report reflects actual fiscal-year results rather than forecasts.
The committee then heard the University System audit, which also received a clean opinion but included four findings: misreporting of Strategic Investment and Improvements Fund revenue, insufficient monitoring of service organizations at CTS, NDSU, and UND, improper bank reconciliations at Dakota College of Bottineau, Dickinson State, and Williston State, and investment/cash reconciliation problems at Bismarck State College related to bond proceeds. University officials agreed with the findings and said corrective actions were underway, including internal review of bank reconciliations. Members raised questions about NDSU’s use of certificates of deposit, and university staff explained that CDs are used to earn interest on funds being accumulated for future projects.
Several other audits were presented, most with clean opinions and no findings, including the State Auditor’s Office, Workforce Safety and Insurance, Housing Finance Agency, Housing Incentive Fund, Job Service North Dakota, the Retirement and Investment Office, PERS, the Center for Distance Education, the Commission on Legal Counsel for Indigents, the Ethics Commission, and the Office of Administrative Hearings. Notable exceptions included a State Fair Association audit with an adverse opinion on the foundation component unit because its financial statements were not available for audit, and a Securities Department performance audit finding that performance-based pay increases and bonuses were issued without required evaluations. The committee also discussed the State Auditor’s future needs, including more staff capacity, data analytics, cybersecurity reviews, possible subpoena authority, independent legal counsel, and whether some audits—such as the Ethics Commission and State Fair—should be handled by independent third parties or under different statutory arrangements.
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Dec 9th, 2025 at 08:40 am
Transcript Highlights:
- And the rate study is in a review process right now.
- In FY26 we're doing the rate study.
- based on the results of the rate study.
- We do expect the rate study, the final rate study, to be completed by the end of this month.
- The rate study will, through this rate study, will there be identifiers to help with?
KY
Kentucky 2026 Regular Session
2026 Budget Conference Committee (3-20-26)
Transcript Highlights:
- >
of <00:14:18.280>Teachers' Page 16, actuarial audit of Teachers' Retirement System. - The Senate removed this language for the waitlist management study. It was already completed.
- The Senate removed language for a one-time feasibility study.
- State health plan actuarial reporting, this is language that was added from the House for actuarial reports
- >
reporting, State health plan actuarial reporting, State health plan actuarial reporting, uh<
Summary:
The Free Conference Committee on the 2026 General Assembly budget met to reconcile differences between the House and Senate versions of House Bill 500. Leaders opened by thanking the other chamber’s work, asking members to turn microphones on and off to avoid feedback, and stressing the need to clearly note decision points so both chambers record the same actions. Staff then walked through the bill page by page, explaining that the committee was comparing only House and Senate differences, not the governor’s proposed budget.
The discussion covered a wide range of appropriations and language items, including next generation non-911 services, school safety reporting tools, restored funding for brain injury, epilepsy, veteran service, homeless veterans, and rocket docket programs, debt service changes, rural infrastructure, disaster aid caps, Attorney General and Medicaid fraud funding, agriculture and county fair grants, auditor and pension-related appropriations, school facilities and SEEK funding, and numerous education programs. Members also discussed charter-related funding such as Star Academy, Dolly Parton Imagination Library, school resource officers, school-based mental health providers, AP/IB exams, Governor’s Scholars and Entrepreneurs, and several pilot or initiative programs in economic development, energy, and labor. Several items were described as technical corrections or restorations of language and funding, while others reflected differences in amounts or how funds would be distributed.
There were several questions and comments from members about wording such as “implement and carry out,” the absence of the governor’s budget from the comparison document, and whether SEEK funding should be tied to teacher raises. The chair and other members emphasized that the committee’s role was to reconcile the two chambers’ budgets, not to adopt the governor’s proposal. Members also raised concerns about opioid settlement funds and the Dolly Parton Imagination Library match rate, with one senator urging restoration of the House language. No final vote or formal action was taken in the portion provided; the meeting primarily consisted of explanation, questions, and discussion of proposed budget differences.
LA
Transcript Highlights:
- I think that this is something we need to continue to study on how we can...
- I think that this is something we need to continue to study on how we can get the severance tax back
- This is just a study that’s allowing LSU Ag to understand where the food deserts are located within the
- Senator, I'm going to give you one more real-life experience that dramatically, if you actuarially look
- Actuarially, that shouldn’t vary if that’s what they projected on. Now, there could be, I mean...
Summary:
The Finance Committee met on May 27, 2026, with six members present and took up a series of House bills, most of them dealing with education funding, criminal justice staffing, transportation, health care access, and economic development. HB 325 was reported favorably after testimony that it would expand TOPS eligibility by allowing dual-enrollment credits to satisfy eligibility criteria and by making part-time students eligible for TOPS Tech, with supporters saying the program has been underused and the change would help working students. HB 719 was amended and reported favorably to increase assistant district attorney positions in various judicial districts; the Louisiana District Attorneys Association said the changes were based on workload data and local input, and members discussed the need to coordinate any expansion with public defender funding. The committee also reported HB 749 favorably, which would move Louisiana’s 529 savings accounts to a more secure online platform after a cyber incident, and HB 1028 favorably, which concerns transportation reimbursement for providers and was described as already subject to appropriation.
Several bills focused on food access and local economic development. HB 1222, the Grocery Initiative Act, was reported favorably to let LED use existing grant resources to map food deserts and develop a program, with members noting it could return for funding later if needed. HB 1194 was amended and reported favorably to define food deserts and direct the LSU AgCenter and the Department of Agriculture and Forestry to identify and map them, with authors emphasizing it was a study and not a government-run grocery program. HB 755, which would create IDIQ contracting for architects and engineers on smaller state projects, was reported favorably with no fiscal impact. HB 823, a local diversion pilot for Orleans Parish, was also reported favorably after the fiscal note was revised to remove state impact and reflect only local costs.
The committee spent substantial time on HB 488, a proposal from Plaquemines Parish to use severance-tax revenue to help buy out a private toll concession on the parish’s bridge. The author and local officials described severe toll burdens, economic harm to local businesses, and what they called an unfair contract, but members noted the bill was not funded and ultimately deferred it without a motion. HB 797, the Bayou Gold/Louisiana Sound Money Act, was amended to make implementation subject to appropriation and then reported favorably. The committee also took up HB 198, which would raise Medicaid reimbursement for ambulatory surgery centers for certain outpatient procedures; after extensive discussion about fiscal notes, access to care, and potential long-term savings, the bill was amended to narrow its scope and make implementation subject to appropriation, then reported favorably as amended. The meeting ended with the chair noting it would be the committee’s last meeting and asking members to spread the word.
VA
Transcript Highlights:
- It's an actuarial surplus. It's generated from two sources.
- been working on this for five years, trying to get it done ever since Jay Lark reported about this actuarial
- This is a VDEM study bill.
NH
New Hampshire 2025 Regular Session
House Finance Division I (03/05/2025)
Transcript Highlights:
- <00:05:56.160>
uh updated valuation from the actuary uh updated valuation from the actuary - In between the two bills, we had changes in actuarial assumptions in a new experience study, and so there
- assumptions in in a new had Actuarial assumptions in in a new experience<00:14:10.199>
study < - <00:16:15.600>
crude increase in the unfunded Actuarial crude increase in the unfunded Actuarial - a couple of things so for any Actuarial a couple of things so for any Actuarial analysis<01:03:45.160
Summary:
The committee took up House Bill 2 retirement provisions, focusing on Group Two/Tier B changes in pages 25-39. Jan Goodwin of the New Hampshire Retirement System and deputy chief counsel Mark Kavanaugh explained that the 2025 bill is largely similar to prior versions, but it restores certain pre-2011 benefit rules for Tier B members, including changes to average final compensation and earnable compensation, and it also addresses the annuity multiplier for years of service. Members discussed the tier structure, with Tier A referring to vested members, Tier B to those hired before 11/1/12 who were not vested, and Tier C to later hires. Several members expressed concern that the bill’s purpose was to restore Tier B benefits, not to change Tier A rules or create broader changes affecting newer hires.
The retirement system flagged two likely drafting problems. First, it said a provision appears to omit a special-duty/earnable-compensation limitation in the Group Two section, which they believed was a scrivener’s error caused by moving language out of the Group One definition without adding it back for Group Two. Second, they noted the bill’s multiplier language overlaps with changes already enacted in HB 1647, which increased the multiplier for service beyond 15 years for Group Two and carried an estimated $26 million cost. The committee discussed that HB 1647 was originally broader in the House, but the Senate narrowed it to Tier B only.
The actuary’s comparison of the 2023 and 2025 HB 2 versions showed the bills are close, but the 2025 version differs in funding and timing. Staff said the 2025 bill appropriates $2.5 million more per year for 10 years, and that, together with updated actuarial assumptions and a larger share of the affected tier having already retired or otherwise left service, results in a larger reduction in unfunded liability than the 2023 bill: about $98.2 million versus $68.5 million. Employer contribution impacts were described as small overall, though the 2025 bill was said to be somewhat more favorable than the 2023 version. Members also questioned why House Bill 1 only funds $5 million in the first year, and staff said that was tied to the governor’s revenue estimate and that the full funding does not begin immediately. No votes were taken in the portion provided; the committee mainly received testimony, asked clarifying questions, and noted that some issues would be addressed in the fiscal note worksheet.
KY
Kentucky 2025 Regular Session
Medicaid Oversight and Advisory Board (11-12-25) - Part 2
Transcript Highlights:
- You know, if you look at measuring quality, there was one study that showed across 20 federal agencies
- measuring quality There was one study measuring quality There was one study that<00:21:35.720>
repaid based on the actuarial repaid based on the actuarial reconciliation<00:55:45.920>- make actuarially sound rates that make prevention<00:43:12.840>
a <00:43:12.920>financial< during - make actuarially sound rates that make prevention<00:43:12.840>
- , in place from the third-party actuary, in place from the third-party actuary, too,<00:59:34.840
Summary:
The Medicaid Oversight and Advisory Board received a presentation from Dr. Stack and Commissioner Langfeld on Kentucky’s application for a federal Medicaid-related funding opportunity tied to House Resolution 1. They described a compressed six-week stakeholder process that produced more than 50 responses and letters of support, and said the application was organized around five broad priorities: maternal health, behavioral health and substance use disorder, oral health, EMS/trauma response, and chronic disease. They emphasized that the proposal was designed to align with CMS goals, use allowable funding categories, and focus on sustainability rather than a short-term grant.
Commissioner Langfeld outlined five core initiatives: rural community hubs for chronic care innovation, beginning with obesity and diabetes; a maternal and infant health effort called POWER; a behavioral health and substance use model called IMPATH; an oral health initiative called Rooted in Health; and an integrated crisis-to-care EMS and trauma response effort. He said the chronic disease work would include prevention, food-as-medicine concepts, and technology tools, while the maternal health effort would expand team-based care around mothers and infants using community health workers and doulas. The behavioral health proposal would build on existing crisis intervention models, oral health would address workforce and access gaps through training, mobile vans, and telehealth, and the EMS proposal would better connect emergency response with home-based and community care.
Several senators questioned whether the proposal would meaningfully address rural hospital closures or the broader rural health care crisis. Senator Meredith said the plan was not transformational and would not save rural hospitals, while Senator Berg asked how success would be measured. In response, the presenters said they would use both lagging and leading indicators, with an emphasis on rapid-cycle feedback and data use that is more actionable in real time. They also said the work could help existing models that already show promise, such as behavioral health units and dental workforce expansion, even if it would not solve the larger funding gap created by HR1.
Senator Douglas asked how the proposals would motivate patients to participate in their own health care. The presenters responded that the chronic disease prevention work would focus on obesity, diabetes prevention, nutrition, and consumer-facing technology tools to help people engage in their own care, and that EMS-community health worker partnerships could identify unmet needs in the home and reduce preventable problems. The board then moved on to its next agenda item, Medicaid managed care delivery models, with Tom Stevens, Katherine North, and Dr. Patel scheduled to present.
TX
Transcript Highlights:
- We were working towards actuarial soundness, and now we have it.
- Actuarially sound, and I agree with that a hundred percent.
- Just ask for a study. It's a study about TRS and there was some concern because these studies...
- I think there was a question: is the study needed? Just what are we looking for in the study?
- Are we among the actuaries on the fiscal impacts of the alternative?
Bills:
SB27, SB1494, SB2121, SB2373, SB2431, SB1, SB8, SB12, SB13, SB15, SB30, SB37, SB260, SB268, SB331, SB379, SB441, SB447, SB457, SB568, SB650, SB763, SB1405, SB1506, SB1540, SB1566, SB1610, SB1637, SB1660, SB2018, SB2024, SB2217, SB2308, SB2337, SB2601, SB2753, SB2878, SB2900, SB2972, SB3059, HB4, HB40, HB46, HB119, HB145, HB300, HB493, HB705, HB1545, HB2011, HB2017, HB2067, HB2516, HB2885, HB2963, HB2974, HB3071, HB3372, HB3556, HB3595, HB3642, HB3909, HB5138, HB5246, SJR36, SJR50, SJR63, SCR12, SCR39, SB2023, SB62, SB666, SB847, SB284, SB854, SB810, SB1505, SB583, SB507, SB1434, SB1772, SB2016, SB1122, SB731, SB397, SB508, SB1436, SB287, SB1882, SB393, SB1791, SB209, SB2429, SB1085, SB1975, SB2717, SB1262, SB636, SB2056, SB884, SB1200, SB1845, SB2458, SB801, SB3014, SB3013, SB758, SB2797, SB2076, SB2876, SB1640, SB1449, SB1181, SB1234, SB2926, SB2841, SB1528, SB1854, SB317, SB1250, SB2082, SB1237, SB2819, SB629, SB2608, SB1602, SB2009, SB867, SB640, SB1698, SB2680, SB913, SB1071, SB1086, SB1087, SB1483, SB1444, SB1553, SB1556, SB1703, SB2133, SB2297, SB2298, SB2622, SB2955, SB2334, SB1367, SB2044, SB2363, SB2565, SB1888, SB3036, SB3057, SB3043, SB3063, SB3035, SB203, SB2688, SB2522, SB2459, SB2655, SB2251, SB1884, SB2928, SB2566, SB2549, SB2553, SB2919, SB1944, SB1232, SB1798, SB2603, SB2607, SB2683, SB1319, SB3045, SB3071, HB796, HB1523, HB5294, HB748, HB3395, HB180, HB3171, HB146, HB5596, HB5694, HB1135, HB3225, HB186, HB1449, HB3793, HB112, HB104, HB3336, HB3520, HB3320, HB5663, HB2399, HB111, HB3483, HB4580, HB3748, HB632, HB4730, HB5690, HB5689, HB3385, HB4359, HB5381, HB123, HB5606, HB1057, HB3664, HCR141, HCR40, HCR59, SR634, SR687, SR703, SR709, SR715, SB1494, SB2121, SB2373, SB2431, HB46, SB1, SB8, SB12, SB13, SB15, SB37, SB260, SB331, SB379, SB441, SB447, SB457, SB568, SB763, SB1405, SB1540, SB1566, SB2018, SB2308, SB2337, SB2878, SB3059, HB705, HB2017, HB2067, HB3071, HB3372, HB3556, HB3595, HB3909, HB5246
Keywords:
elections, local governance, political subdivisions, general elections, Texas Election Code, data brokers, personal data, regulation, business entities, consumer protection, financial exploitation, artificial intelligence, phishing, legal liability, criminal offense, civil penalty, foreign language, study abroad, higher education, language credit
MN
Minnesota 2025 1st Special Session
House State Government Finance and Policy Committee 1/21/25
State Government Finance and Policy
Transcript Highlights:
- One was a study on collective bargaining for legislative staff.
- One was a study on collective bargaining for legislative staff.
- One was a study on collective bargaining for legislative staff.
- coordinating commission one was a study coordinating commission one was a study on<00:42:33.119>
- <01:03:18.680>
and those recommendations and studies and those recommendations and studies
Summary:
The committee met briefly to approve the January 16 minutes, then heard a series of informational presentations from legislative joint offices and commissions that fall under its jurisdiction. Michelle Urick of the Legislative Coordinating Commission explained the LCC’s governance structure, including its leadership-based membership and role overseeing joint offices such as the Legislative Auditor, Legislative Budget Office, Legislative Reference Library, Revisor of Statutes, and the LCC staff office itself. Christian Larson of the Legislative Budget Office described the office’s nonpartisan fiscal note work, local impact notes, and support for the Tax Expenditure Review Commission, noting the volume of requests it handles and that the office currently has 18 budgeted FTE. He also explained the LBO Oversight Commission’s role in setting standards and appointing the director.
Elizabeth Lincoln of the Legislative Reference Library outlined the library’s services, including answering thousands of reference questions, maintaining state policy and legislative collections, archiving state documents, supporting the legislative website and search tools, and preserving House and Senate audio, video, and committee minutes. She also noted the library’s staffing levels and its move to the Capitol. In response to a question, she said copies of the book Minnesota Standoff were in constant circulation, that the title is out of print, and that the library had digitized it for use by legislators and staff.
Ryan Inman, the Revisor of Statutes, described the office’s drafting, legal review, publication, IT, and other services. He said every bill introduced is reviewed by a Revisor attorney, the office publishes Laws of Minnesota, Minnesota Statutes, and Minnesota Rules, and it maintains the legislative drafting system now being replaced. He also discussed rule drafting for agencies, legal counsel, the claims subcommittee, court opinions reports, and the annual technical Revisor bill. Members asked about bill volume, amendment drafting, and the history of administrative rules review; Inman said the office is handling over 2,500 active bill requests and that a prior commission on administrative rules existed in the past. No votes were taken beyond approving the minutes.
KY
Kentucky 2026 Regular Session
Senate Legislative Session Day 31 (2-20-26)
Kentucky Senate Floor Meeting
Transcript Highlights:
- , some of the most recent studies, some of the most recent studies, Pew<00:47:36.400>
Research - It's a fact, and it's a result of studies that they find these conclusions.
- It's a fact, and it's a result of studies that they find these conclusions.
- It's a fact, and it's a result of studies that they find these conclusions.
- Um, the cost responsibility going forward, the state will pay the actuarial cost tied to annual leave
Summary:
The Senate convened with prayer, the Pledge of Allegiance, a roll call establishing a quorum of 35 members, and approval of the previous day’s journal. The chamber also received messages from the House that it had passed House Bills 43, 139, 297, 414, and 485 and requested concurrence. Second reading reports placed several bills in the Rules Committee, including measures on property disposition, children, school district sick leave, unemployment insurance, and status offenses, and a new resolution was introduced honoring the 10th anniversary of the 2016 session and its bullying-prevention legislation.
The main floor action was on Senate Bill 39, relating to fishing in privately owned lakes and ponds. Senators debated multiple floor amendments, with several withdrawn and floor amendment 6 adopted. Supporters said the bill clarified private property rights and allowed stocking of F1 Florida bass without changing existing license requirements, while opponents and some supporters emphasized protecting the public trust, conservation funding, and the North American wildlife management model. After extended debate, the Senate passed SB 39 as amended by a vote of 29-8.
The Senate then took up Senate Bill 154, relating to elections. The sponsor said it would strengthen election integrity by removing non-photo identification options, specifically Social Security cards and EBT SNAP cards, from the list of acceptable voter verification methods. Opponents argued the bill would make voting harder without evidence of fraud, citing that many Kentuckians used those IDs in the last election and that transportation and access barriers already exist. The transcript cuts off during debate on SB 154 before a final vote is shown.