Video & Transcript Research : 'actuarial study'

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MA
Transcript Highlights:
  • Every day upon admission, you are provided the opportunity to engage in an actuarial assessment that
  • So we... ...we also check the work in the sense with recidivism studies.
  • So we typically publish recidivism studies that are three years out or one year.
  • They are one-year recidivism studies that focus on those core need areas.
  • What this really shows is that those who are identified with a need through that actuarial assessment
Keywords: 995, all
Summary: The commission approved the July 11 minutes and then received a detailed follow-up presentation from the Department of Correction on facility footprint, mission-driven housing, programming, and technology. Commissioner Jenkins and Deputy Commissioner Peterson explained recent and planned facility changes, including the closures of Walpole, MCI Cedar Junction, and MCI Concord, the transition of the Plymouth Section 35/Mass Act program to Health and Human Services, the return of Bay State to DOC control for possible future use, and the Shattuck Hospital move to East Newton Pavilion. Members asked about operational capacity, the exclusion of support beds from occupancy figures, and the status of mothballed or unused facilities. Framingham drew particular attention because of its historically low women’s population and planned renovations; members raised concerns about the cost and the need to consider the broader women’s correctional system. A major portion of the meeting focused on mission-driven units and evidence-based programming. DOC described specialized units for health services, nursing care, clinical stabilization, mental health, residential treatment, protective custody, reentry, emerging adults, education, and substance use recovery, and noted that security threat group support beds are not used. Staff explained the distinction between general population beds and support beds, and between programming and treatment. They said core recidivism-reduction programs are based on risk-need responsivity and COMPAS assessments, with Spectrum Health Systems as the current vendor, and presented recidivism data showing lower reoffending among participants who completed programs such as violence reduction, criminal thinking, and the Correctional Recovery Academy. For women, they highlighted the pathways model at MCI Framingham, which combines trauma-informed, gender-responsive services, and reported strong outcomes for those engaged for at least 26 weeks. Members asked about how needs are identified and counted, how declinations are handled, and how the department distinguishes completion from ongoing maintenance. DOC said participation is voluntary, individuals are re-recommended over time, and completion is recorded in the system when criteria are met. They also discussed educational supports for learning disabilities and trauma, including IEP/504 coordination, tutoring, and a new school psychologist for testing. Questions were raised about family reunification programming, and DOC pointed to family-focused services, mediation, Read to Me Mommy, and the Brave unit for young fathers. Sheriff Cabral and Sheriff Cochie praised the presentation and emphasized the importance of family reunification and the realities of trauma in incarcerated people’s lives. The final section highlighted the expanded use of tablets across all facilities. DOC said tablets now support free phone calls, emails, video visits, surveys, educational content, medical updates, sick-call requests, and an earned-good-time app, while also helping with communication during facility closures and with ongoing programming. Staff said the tablets are used both for learning and recreation, and that more than half of the incarcerated population uses them monthly for educational purposes. Members discussed whether user feedback or “reviews” of programs could help increase participation, and DOC said tablet-based surveys make that possible. The meeting ended with general agreement that the department has expanded programming and technology substantially and is using them to support reentry, communication, and facility operations.
NH

New Hampshire 2026 Regular Session

Senate Finance (03/17/2026)

Finance

Transcript Highlights:
  • Uh, but because the actuaries that were consulted in the drafting of that said that it did not have enough
  • that were consulted in the the actuaries that were consulted in the drafting<00:06:51.560> of
  • to study options for family what? to study options for family what?
  • I would this The committee shall study I would this The committee shall study options.<00:39:42.840
  • :46.240> family Study information options for family Study information options for family members
Keywords: 1191, senate, all
LA

Louisiana 2026 Regular Session

House of Representatives Jun 1st, 2026

Louisiana House Floor Meeting

Transcript Highlights:
  • Members, this is not a study or a task force.
  • To urge and request the actuary for the Legislative Auditor, in consultation with actuaries for the two
  • To urge and request the actuary for the Legislative Auditor, in consultation with actuaries for the two
  • I don't think that's the point of the study.
  • It is a study.
TX
Transcript Highlights:
  • taxpayers would probably pay more if we don't address this now, and we're just hoping that we have fair actuarial
  • we're really trying to make sure that the free market produces insurance policies... ...that are actuarially
  • Weather means you look at historical records and you make your actuarial assessments based on that.
  • the opportunity to testify in front of Congress numerous times on the issue of ESG, and I've been studying
KY
Transcript Highlights:
  • Again, this is, um, this really is an actuary would say that this is part of the AD deck.
  • <00:18:56.160> projects<00:18:56.720> that timing of when the actuary projects that
  • Uh, and this actuarial approach, called level amortization, it's a common tool in the actuarial world
  • :08.320> projections our actuary provides 30-year projections our actuary provides 30-year projections
  • <00:25:40.400> has early years, but it is our actuary has early years, but it is our actuary
Keywords: 958, all
Summary: The House Budget Review Subcommittee on Personnel, Public Retirement, and Finance heard testimony from Bo Barnes, deputy executive secretary and general counsel for the Teachers’ Retirement System (TRS), on the TRS budget request for the upcoming biennium and how it compares with House Bill 500 as introduced. Barnes emphasized that the bill fully funds the system’s additional funding request to pay down TRS’s legacy unfunded pension liability, which he described as critical to the system’s long-term funding plan. He also explained that the pension and health insurance requests are broken into several line items, including legacy benefit items, state shared-responsibility payments for retiree health insurance, and reconciliation items that adjust for prior over- or underpayments. Barnes said the state portion of shared responsibility for retiree health insurance was funded below the request in House Bill 500, but he described the health insurance trust as a success story under the post-2010 shared-responsibility model. He said the trust is projected to be fully funded in about two years if medical inflation and federal subsidies remain stable, and he noted that any shortfall in the current budget would be reconciled later and could reduce investment income. In response to questions, he explained that the legacy benefit items are treated as part of the total actuarially determined employer contribution and that unpaid legacy benefits would have the same impact on the retirement trust as unpaid ADC amounts. Barnes also addressed questions about whether the $47.2 million SEEK-related teacher contribution reconciliation could be split between fiscal years, saying it could be done but would reduce investment income and potentially increase future contribution needs. He said the pension fund is currently about 61% funded and that TRS has received full funding for the pension for 10 straight years, with the state having provided full additional funding and more in recent budgets. He concluded by asking the committee to consider TRS’s original budget request, warning that underfunding now would be reflected in future actuarial calculations and could cost the Commonwealth more over time.
HI

Hawaii 2026 Regular Session

LBT-GVO, LBT, LBT Public Hearings 02-11-2026

Labor and Technology

Transcript Highlights:
  • is because they've done the study is because they've done the study >> and<00:42:59.040>
  • study um that the chair is referring to. study um that the chair is referring to.
  • The reason for the need for this increase um is related to the most recent actuarial study for funding
  • related to the most recent actuarial related to the most recent actuarial study<01:05:37.599>
  • University of California Berkeley study University of California Berkeley study by<01:16:54.159>
Keywords: 912, senate, all
Summary: The committees heard testimony on several personnel and employment bills. SB 2119 would require the state or counties to reimburse public officers and employees for approved work-related travel costs within 30 days; testifiers from the State Procurement Office, UPW, HGA, the University of Hawaii Professional Assembly, and others supported the measure, citing delayed reimbursements. SB 3131 would update state position titles by changing “private secretary” to “executive assistant” and “secretary” to “administrative assistant” where applicable, and it drew support from DEED and comments from the State Librarian. SB 3069 would permanently exempt a limited number of specialized positions in DAGS Public Works and the Comptroller’s office from civil service; DAGS, HCDA, and DEED supported it, while UPW opposed it. Committee members questioned whether the exemption should be narrower and whether the positions should be consultants or actual employees, and DAGS said the roles were narrowly tailored, highly specialized, and intended to help manage complex projects such as Aloha Stadium, the convention center, and other major redevelopment work. The committee then heard SB 3180, which would repeal the limit on temporary employment in a single position for two 89-day terms. Testimony included support from the Procurement Office, DOE, DHRD, the State Librarian in opposition, UPW written comments, HGA, the Grassroots Institute of Hawaii, and others. Discussion focused on whether the bill was needed to address abuse of repeated 89-day hires and whether it would affect recruitment and career pathways. Finally, SB 2137 would allow departments, divisions, and agencies to assume hiring and recruitment functions from DHRD under certain conditions. DHRD opposed the bill, saying existing law already allows delegation and that agency-level recruitment often lacks the expertise and staffing to do the work; UHPA supported it, and UPW submitted written support. In questioning, DHRD said it had reduced backlog and was now current on screening, while also offering programs like Operation Hire Hawaii for faster agency-led recruitment.
KY

Kentucky 2026 Regular Session

House Legislative Session Day 35 (2-26-26) - Reupload

Kentucky House Floor Meeting

Transcript Highlights:
  • We've been dealing with salary classification studies, which were finally completed and have now been
  • which were finally completed and studies which were finally completed and have<00:19:31.200> now<
  • Science and social studies proficiency scores are even lower.
  • > proficiency Science and social studies proficiency Science and social studies proficiency scores
  • <00:25:16.159> determined<00:25:16.720> contributions<00:25:17.360> to actuarial
Summary: The House convened with 97 members present, declared a quorum, approved excusing absent members, and suspended the rules to allow co-sponsorships and vote modifications. The journal for February 25, 2026 was approved. The clerk also reported that the Senate had passed Senate Bills 98 and 122 and requested concurrence. The House then received second-reading reports on a range of bills, including measures on prison educational programs, respiratory care, dietitians, wildlife depredation, temporary structures, military families, civil rights, local boards of education, light pollution, controlled-substance prescribing licenses, youth health services, class sizes for exceptional children, the athletic trainer compact, limited commercial driver’s licenses, and Senate Bill 145 relating to the Department of Agriculture and Alcohol Beverage Control. Committee reports moved several bills forward, including the main budget bills House Bill 500 and House Bill 504, along with measures on workforce investment, data centers, domestic violence, guardians ad litem, domestic relations, health delivery and “food is medicine” initiatives, state personnel, open records, and fish and wildlife resources. House Bill 500 and House Bill 504 were taken from the Rules Committee and placed on the orders of the day. House Bill 500, the executive branch budget bill, was then taken up for third reading and explanation. Members presented extensive floor explanations of House Bill 500 and House Committee Substitute 1, describing it as a “good first draft” of the executive budget. Supporters said the proposal emphasizes restrained spending growth, base reductions with exemptions for key areas, employee salary increments, and deposits to the Budget Reserve Trust Fund for future one-time investments. They highlighted funding for K-12 education, postsecondary aid and workforce training, Medicaid and behavioral health, public health infrastructure, pensions, veterans, public safety, economic development, tourism, and state technology and facility maintenance. The budget substitute was adopted by voice vote, and the discussion continued with detailed descriptions of the bill’s provisions; no final passage vote was shown in the excerpt.
MS

Mississippi 2026 Regular Session

MS House Floor - 4 February, 2026; 10:00 AM

Mississippi House Floor Meeting

Transcript Highlights:
  • <01:42:46.159> committee<01:42:46.480> to<01:42:46.719> study create a study
  • committee to study create a study committee to study prevention<01:42:47.520> strategies<01:42
  • or two actuaries but our committee has looked at four actuarial analyses and they all come back with
  • >> So, it's not a study committee.
  • just another study report. just another study report.
Summary: The House convened with prayer and the pledge, established a quorum, dispensed with reading the journal and bill introductions, and then moved through announcements recognizing visitors in the galleries, including cancer advocacy groups, Mississippi Math and Science School students, a gospel choir, Leadership Greater Jackson, and other guests. Members also made several commendations, including recognition of Elena Johnson’s softball accomplishments and a student’s appointment to West Point. On the general calendar, the House passed House Bill 1076, the SAVE Act of 2026, by a vote of 122-0. The bill is described as a consumer protection measure for veterans that prohibits pay-to-refer arrangements, tightens standards for paid claims assistance, requires written agreements and limits upfront or nonrefundable fees, and adds privacy and disclosure safeguards. The House also passed House Bill 223, designating a segment of Highway 537 as the Sergeant John Howard Tanner Memorial Highway, by 122-0. The chamber then passed House Bill 1112, which revises state aid road division laws to expand purchasing authority, increase authorized vehicles, and allow unused county road funds to be reallocated after a period of time, by 120-1. House Bill 737, with an adopted amendment, allows Medicaid providers to repay certain non-fraud overpayments in installments when immediate repayment would cause hardship and aligns the repayment timeline with federal law; it passed 116-0. The House also passed House Bill 479 on marriage and family therapy and psychology licensure changes, adopting an amendment that extends the time to verify credentials for out-of-state applicants and provides a temporary license, by 121-0. Additional bills passed included House Bill 991 on third-party registration systems for used motor vehicle parts dealers and scrap metal processors (118-0), House Bill 1072 creating voluntary portable benefits accounts for independent contractors (119-0), House Bill 1137 revising CPA licensure education and experience requirements (118-1), House Bill 571 extending the foreign-national contribution ban to ballot measures (111-1), House Bill 630 allowing certain county electors to serve as municipal poll managers in small municipalities (113-4), House Bill 858 requiring election equipment internet connectivity to be disabled on election day (116-1), House Bill 788 changing how affidavit ballots can update voter registration information, with an amendment adopted, (115-3), and House Bill 908 tying Mississippi’s mail-ballot counting rule to the outcome of pending federal litigation so state and local races would be treated the same if the current federal-race rule is struck down (the bill was under discussion at the end of the excerpt).
NH
Transcript Highlights:
  • It takes actuaries.
  • And what we found in our actuaries.
  • and consistent are based upon actuarial and consistent are based upon actuarial standards<01:38:
  • range that our actuaries prepare.
  • <01:49:32.480> So range that our actuaries prepare. So range that our actuaries prepare.
Keywords: 1189, house, all
Summary: The subcommittee took up the pooled risk management program bill and reviewed a new amendment drafted with input from the Insurance Department and Legislative Services. Department witnesses explained that the proposal would move oversight of pooled risk management programs from the Secretary of State’s office to the Insurance Department, add a licensure requirement, preserve the programs’ non-insurer status, and exempt them from third-party administrator licensure. They also described a series of solvency tools in the draft, including financial reporting, risk-based capital standards, minimum capitalization, investment limits, commissioner examination and enforcement authority, rulemaking authority, merger and affiliate-transaction review, confidentiality protections, and a separability clause. A major theme of the discussion was that pooled risk management programs differ from commercial insurers because the risk remains with the member local governments rather than being backed by a state guarantee fund. Witnesses said the bill is designed to emphasize solvency over return of premium and to give the Insurance Department a regulatory “toolbox” to prevent insolvency, including a proposed $5 million excess or stop-loss coverage benchmark, optional accessible policies, and a requirement that boards vote on dividends or premium returns when capital exceeds 600% of risk-based capital. Members questioned how this approach differed from the original Secretary of State bill and whether assessments on towns would still be possible; the department responded that the new framework would allow more flexible oversight and alternatives to immediate court action. The committee also discussed why the statute should continue to say the programs are not insurers, with the department explaining that this preserves their autonomy and avoids applying unrelated insurance laws and premium taxes. Members asked about the department’s workload and were told the department believed it could absorb the new duties without additional funding. No vote or final committee action was taken in the portion provided.
ND

North Dakota 2025-2026 Regular Session

House Floor Session Apr 16th, 2025 at 12:30 pm

North Dakota House Floor Meeting

Transcript Highlights:
  • The North Dakota PERS board has not studied this.
  • Let me tell you that that's a projection by the actuaries.
  • Actuaries do use science, but in many cases they're guessing.
  • And some studies show that wages between state and private employees...
  • and backed by over 1,500 other studies and over five decades of research.
Keywords: 908, all
Summary: The House convened with prayer, roll call, and a quorum present, then took up several procedural motions, including suspending House rules for three legislative days and replacing conference committee members on Senate Bill 2282 and SCR 4007. The chamber also recognized visiting student groups from Grafton/Pleasant Valley and Shiloh School. Later, the House agreed to several conference committee reports and moved a number of measures through final passage or final disposition. House Bill 1428, which would have created a sales tax exemption for clothing sold by thrift stores or nonprofit corporations, drew extensive debate over tax policy, revenue loss, and possible conflicts with streamlined sales tax rules. Supporters argued it would help lower-income shoppers and nonprofit thrift stores, while opponents said it created an unfair advantage and could reduce state and local revenue. The conference report was adopted, but the bill ultimately failed on final vote, 37-54. House Bill 1440, relating to cigar lounges, was amended in conference and then passed 75-17. House Bill 1460, concerning adult foster care for private-pay adults, electronic monitoring, and a legislative study, was also adopted and passed overwhelmingly, 91-1. The House then passed Senate Bill 2224, which revises gaming commission structure and gaming stamp requirements, adds Attorney General enforcement provisions, and includes a $25,000 general fund appropriation, by a vote of 88-0. Senate Bill 2327, which expands uses of the agriculture diversification and development fund and appropriates $15 million to it, passed 74-17 after a member was excused from voting due to a personal interest. Senate Bill 2267, creating a regulatory framework for on-site wastewater treatment systems and shifting licensing authority to the Department of Environmental Quality, passed 82-10, and Senate Bill 2276, addressing joint water resource boards for cross-county projects, passed 90-1. The most contentious debate centered on Senate Bill 2160, which would move the state employee health plan from grandfathered status to a non-grandfathered ACA-compliant plan and appropriate about $6.6 million for the transition. Supporters said it would give the PERS board more flexibility, expand preventive and other benefits, and potentially slow premium growth without charging employees premiums. Opponents warned it could raise out-of-pocket costs, add mandated benefits, and shift costs to employees, while also arguing the bill had not been adequately studied. After extended debate, the House passed SB 2160 by a vote of 55-37. The chamber also concurred in Senate amendments to House Bill 1318, a pesticide labeling bill, and placed it on final passage, but the transcript ends before the final vote on that measure.
FL

Florida 2026 Regular Session

Appropriations Apr 2nd, 2025

Appropriations

Transcript Highlights:
  • required employer retirement contribution rates for each membership class to address the unfunded actuarial
  • With these current rate changes, the FRS continues to be funded on a sound actuarial basis.
  • With these current rate changes, the FRS continues to be funded on a sound actuarial basis.
  • Lastly, it directs AHCA to engage a contractor to study nursing home quality incentive payment systems
  • Lastly, it directs AHCA to engage a contractor to study nursing home quality incentive payment systems
Summary: The Appropriations Committee heard presentations on the Senate’s proposed 2025-2026 budget, SPB 25-200, totaling $117.4 billion. Chair Hooper and committee chairs highlighted major spending priorities including a 4% raise for state employees, continued health insurance contributions, investments in water quality, transportation, education infrastructure, and workforce development, along with reductions tied to long-vacant positions. Education funding was a major focus, with increases for K-12 public schools and scholarships, higher education workforce programs, nursing initiatives, tutoring, and university performance funding. Health and human services, criminal and civil justice, transportation/economic development, and agriculture/environment budgets were also outlined, including Medicaid, mental health, corrections staffing, affordable housing, beach restoration, citrus recovery, and water projects. Members then questioned several budget choices, especially K-12 funding. Senators Polsky and Smith raised concerns that the Senate’s AP and dual enrollment funding changes could disadvantage public schools, while Burgess argued the budget preserves the money in the FEFP and gives districts more flexibility rather than reducing support. Questions also addressed voucher availability, school stabilization funding, and the My Safe Florida Home program. The committee adopted 171 consent amendments and three late-file amendments, then approved SPB 2500 as a committee bill. It also favorably reported implementing and conforming bills for state employees, retirement, natural resources, judgeships, K-12 education, higher education, and health and human services, along with SB 7022 on Florida Retirement System contribution rates and elected-officer DROP options, CS/SB 1320 on the Resilient Florida Trust Fund, SB 7014 ending the Mediation and Arbitration Trust Fund, SB 7028 on cancer research, CS/CS/SB 170 on nursing home quality and oversight, CS/SB 168 on mental health diversion and behavioral health data, SB 114 creating an insurance and risk management research center at FSU, and SB 180 on emergency preparedness and post-storm recovery. Most bills were reported favorably with little or no opposition, though SB 180 drew discussion about local-government authority after storms and the need to balance recovery speed with local safety and planning concerns.
AR
Transcript Highlights:
  • We studied this the last couple of days knowing this discussion was coming.
  • We studied this last couple of days knowing this discussion was coming.
  • We did, however, go back in, do another study with our actuary. We did not change the rates.
  • We did, however, go back in, do another study with our actuaries, looked at all the surrounding states
Summary: The committee reviewed a series of Arkansas DHS and Department of Health rules, most tied to 2025 legislation. Early items covered Medicaid changes including presumptive eligibility application timing, adding a fictive kin definition for foster child eligibility, raising the able account disability onset age to 46, allowing continuous glucose monitors to be billed by both pharmacy and DME providers, increasing the RSV vaccine administration fee for children, a telemedicine exemption for ET3 ambulance services, and a physical therapy access rule that also included occupational therapy. Members generally asked limited questions and most rules were reviewed without objection. A major portion of the meeting focused on the dental rate increase rule under Act 1025. DHS said it implemented rate increases for certain pediatric, special-needs, and oral surgeon services, but not orthodontics, and it interpreted the act as applying only to oral and maxillofacial surgeons, not general dentists. The Arkansas State Dental Association and legislative sponsors testified that the intent was to cover general dentists performing oral surgery procedures for special-needs patients, estimating the broader interpretation would add about $1.5 million annually. Committee members debated the plain language of the act versus legislative intent, and the rule was reviewed, but with testimony noting the issue should be fixed in future legislation. Later items included the Healthy Moms, Healthy Babies rule adding doula and lactation consultant billing and remote monitoring benefits; an adverse decisions rule extending provider appeal time from 35 to 65 days; CNA training program updates; PASSE network-status disclosure rules; certification rules for community-based doulas and community health workers; cosmetology, massage therapy, lead-based paint, radiation, radiologic technology, and RV park rule updates. Most of these were described as technical, statutory, or federally driven changes and were reviewed without objection. The committee briefly reopened the CGM rule after a motion to expunge the prior vote, and Representative Wardlaw said he would hold the rule for further review because he believed the billing changes did not match the law’s intent. The meeting ended with no further business and adjournment.
TX
Transcript Highlights:
  • This bill relates to acquiring foreign language credit opportunities for students enrolled in study abroad
  • Actuarially sound institutions must obtain an actuarial opinion from a credentialed actuary The opinion
  • the financial integrity of self-funded student health plans and ensure they are backed by sound actuarial
  • There will be a task force and a study, and so everyone here will have an opportunity. to have input
  • It's that dire and just one location that we focused on in our Data and studies in just over 40 months
ND

North Dakota 2025-2026 Regular Session

Senate Floor Session Apr 21st, 2025 at 12:30 pm

North Dakota Senate Floor Meeting

Transcript Highlights:
  • And so what happens in a non-grandfathered plan, actuarially, the previous speaker is right about the
  • I will tell you it was not done by an actuary.
  • So we got it back to the language that we liked and added this study to it.
  • We added this towing and recovery coverage study on there, so we just ask for your green vote.
  • We added this towing and recovery coverage or study on there, so we just ask for your green vote.
Keywords: 908, all
Summary: The Senate reconvened and handled several House messages and conference committee appointments before taking up a series of bills. It appointed conference committees on Senate Bill 2265 and House Bills 1454, 1448, and 1524. The chamber also adopted a Senate amendment to House Bill 1216, delaying its effective date for the copay accumulator prescription drug bill to January 1, 2026, with later renewal timing for non-PERS plans. House Bill 1216 then came up for final passage. Senators debated whether allowing copay accumulator programs to count manufacturer coupons toward deductibles would help patients with expensive drugs or unfairly shift costs to insurers and other policyholders. Supporters said it would help people afford life-saving medications and that the coupon payments go to pharmacies, not insurers; opponents argued it could raise premiums and create perverse incentives for drug pricing. The bill passed 29-18. The Senate also concurred in House amendments to Senate Bill 2160, which changes health insurance benefits under the Uniform Group Insurance Program to move from a grandfathered to a non-grandfathered plan, with supporters emphasizing added benefits and flexibility and opponents warning of higher costs and irreversible changes. That bill passed concurrence 33-14 and final passage 39-8. The Senate next concurred in House amendments to Senate Bill 2339, the wildfire mitigation bill, which requires utility mitigation plans to be updated every two years, incorporate national electric standards, and creates a rebuttable presumption of reasonable care if the plan is followed. The bill then passed final passage 46-1. The chamber also adopted conference committee reports and passed House Bill 1460 on adult foster care and monitoring devices, House Bill 1440 on cigar lounge tobacco use, and Senate Bill 2374 on insurance-related provisions including property insurance arbitration, managed repair programs, and surplus lines issues; SB 2374 also added a study on towing and recovery coverage. The session ended with announcements of upcoming conference committee meetings and adjournment until April 22, 2025.
NH
Transcript Highlights:
  • We decided to punt it, put it in the study commission.
  • pretty good about not passing study pretty good about not passing study committees Okay.
  • I can pull up—we did use the actuary firm that did the cost study analysis.
  • > used the cost study analysis they have used the cost study analysis they have used that<04:36
  • <04:43:09.240> to that's why we contract with actuaries to that's why we contract with actuaries
Keywords: 1189, house, all
Summary: The subcommittee first took up several bills and repeatedly chose to retain or table them rather than advance them. House 167, dealing with past wax, was voted ought to pass; House 312 was retained because members said NCAA-related advertising and uniform policy issues were still unresolved; House 434, requiring insurers to provide rental cars for at least seven days, was voted inexpedient to legislate; and House 454, on biodegradable packaging claims, was also voted inexpedient to legislate after members said the proposal lacked a workable enforcement mechanism and would likely be only a symbolic state-by-state measure. House 721, making gold legal tender, was retained, with members saying the bill needed more work and that the issue was less compelling in New Hampshire because the state has no sales tax. The committee then discussed House 310, which was amended to create a study commission on blockchain and related regulatory issues. The amendment expanded the commission’s charge to include legal, regulatory, financial, technological, and environmental considerations, added review of federal developments, included blockchain-based trust and stable token issues, broadened membership, and extended the repeal and report dates by a year. Members said the commission would help New Hampshire develop expertise and a report for future legislation, while also noting that federal action could affect the state’s role. The amendment was adopted 8-1, and the bill itself was then retained. Finally, the subcommittee heard a revised amendment to House 406 on business filings and registered agents. The Secretary of State’s office explained that the amendment, drafted with input from the Business and Industry Association, narrows the bill to address fraudulent or unauthorized entity filings after a written complaint and sworn statement, sets minimum requirements for registered agents, bars use of commercial mail-drop addresses as registered offices, and allows removal or cancellation of fraudulent filings with penalties for false filings. Members asked about which entities must maintain registered offices and how the rules would affect home-based businesses; the sponsor said most New Hampshire business entities must have a registered office, with some exceptions such as domestic nonprofits and trade names. The discussion emphasized concerns about synthetic entities, identity misuse, and the need for a physical in-state registered agent address.
FL

Florida 2025 Regular Session

Banking and Insurance Mar 10th, 2025

Transcript Highlights:
  • Is there actually actuarial bases that, you know, an actual Is there actually actuarial bases that, you
  • I do not know if there is one and I'm sure there's actually study out there somewhere for that on our
Keywords: 999, senate, all
HI

Hawaii 2025 Regular Session

LBT-PSM, EIG-LBT, LBT Public Hearings 02-03-2025

Labor and Technology

Transcript Highlights:
  • Has there been any studies performed that look at any kind of DROP program here in Hawaii?
  • We understand the reasoning for this, but has there been any studies that have been done?
  • And it was concluded, I believe in the study which I've read, that it was very challenging to have a
  • which I've read believe in the study which I've read that<00:06:51.120> the<00:06:51.680>
  • way back when and we do have a study way back when and we do have a study that<00:10:31.120>
Keywords: 912, senate, all
Summary: The joint hearing covered Senate Bills 470, 828, 730, and 1383. SB 470 would create a deferred retirement option program for police officers. The Employees Retirement System warned it could worsen the system’s $14.1 billion unfunded liability by stopping employer and employee contributions during the DROP period, and the Attorney General raised possible tax-qualified status, Internal Revenue Code, and age-discrimination concerns. Police and other supporters testified in favor, but the committees ultimately recommended deferring the bill indefinitely. SB 828 would expand workers’ compensation medical benefits for firefighters to cover an additional respiratory condition. The Department of Labor and Industrial Relations and the Hawaii Firefighters Association supported the measure, citing occupational exposure and health risks. The committees recommended passage with amendments, and the motion was adopted by both committees. SB 730, which concerns allowance on service retirements, drew support from the Department of Human Resources Development and the Department of Law Enforcement, but also comments from the Attorney General and ERS. DHRD said the bill could help recruitment and retention but requested more time to work on language with ERS, Budget and Finance, and the AG’s office. The committees postponed decision-making until Friday, February 7, at 3:15 p.m. in Conference Room 225. SB 1383, relating to fire protection, received broad support from the Governor’s office, Department of Defense, DLNR, Hawaiian Electric, and others. The committees agreed to pass it with amendments, including language suggested by the Hawaii Insurance Council on wildfire-related insurance issues and a committee report link to the Lina fire forward-looking report, phase three. The amended recommendation was adopted by both committees. Later in the meeting, the committees also heard SB 1360 and SB 1361 on ERS administrative and reporting matters, SB 340 on HLRB enforcement authority, and SB 997 on energy; SB 1360 and SB 1361 were presented as housekeeping measures, SB 340 drew disagreement between the Attorney General and HLRB over enforcement authority, and SB 997 was amended to incorporate prevailing-wage renewable energy rate language from SB 743 and then passed with amendments.
KY

Kentucky 2026 Regular Session

House Legislative Session Day 35 (2-26-26)

Kentucky House Floor Meeting

Transcript Highlights:
  • resolution directing the Legislative Research Commission to procure a vendor to conduct a feasibility study
  • which were finally completed and studies which were finally completed and have<00:12:30.480> now<
  • Science and social studies all grades.
  • <00:18:15.520> determined<00:18:16.080> contributions<00:18:16.720> to actuarial
  • determined contributions to actuarial determined contributions to the<00:18:17.120> teachers<
Keywords: 958, all
Summary: The meeting opened with prayer and the Pledge of Allegiance, then moved into committee and floor reports. Several measures received favorable committee reports and were ordered to first reading and placed on the calendar, including Current Resolution 9, Senate Joint Resolution 23, House Bill 145, House Bill 567, and House Bill 506 with House Committee Substitute 1. The chamber also noted that House Bills 500 and 504 had already received two readings and were sent to the Rules Committee before House Bill 500 was brought up for final consideration. Most of the discussion focused on House Bill 500, the executive branch budget bill. Members described it as a “good first draft” and emphasized a budget process they said was more transparent than in prior years. The bill was presented as a restrained two-year operating budget with spending growth kept at a little under 2% annually, while setting aside about 2% of projected revenues, or roughly $614 million, in the Budget Reserve Trust Fund for future needs. The budget also used base reductions in some areas while exempting others such as Medicaid benefits, SEEK, corrections, behavioral health, and veterans programs. Subcommittee chairs then outlined major spending areas. Education provisions included a 2% annual increase in base SEEK funding, transportation funding held flat, equalization for recallable nickel funding, continued retirement contributions, and major support for postsecondary access, dual credit, asset preservation, and workforce training. Health and family services provisions held Medicaid steady while adding waiver slots, behavioral health and substance use support, public health investments, and funding for rural health and laboratory capacity. Other sections covered personnel and pensions, veterans services, infrastructure, public safety, economic development, tourism, and environmental projects. The only recorded action on the floor was adoption of House Committee Substitute 1 to House Bill 500, followed by a motion for final passage of the bill as amended. The transcript ends as discussion on final passage begins, before any final vote is shown.
TX

Texas 89th Regular

Public Education Mar 6th, 2025

Public Education

Transcript Highlights:
  • Chairman Buckley It's been brought to my attention that the actuarial note on House Bill 2 has language
  • in it that I read as making our teacher retirement system actuarially unsound the language where it
  • says actuarial effects of the bill says that The bill is expected to increase the projected funding period
  • Actuarial consultant said that the fund is already well outside of actuarially sound. standards and when
  • But these actuaries are conservative and the state law says 31 years. years, when the actuarial recommendation
Bills: HB2, HB2
KY
Transcript Highlights:
  • actuaries actuaries phase<00:13:52.079> in<00:13:52.399> the<00:13:52.639> investment
  • So, what an actuary does is to do a really long-term budget, right?
  • What an actuary does is to do a really long-term budget, right?
  • But that hadn't been actuarial calculated over the years. that rate.
  • Um, but what that did was to bill employers for the additional actuarial cost.
Summary: The committee met with a quorum, approved the prior meeting minutes, welcomed new staff member Sean Parks, and announced that it would not meet in November. The next meeting was scheduled for December 8 at 10:00 a.m., with the chair noting that pension bills would be heard then and emphasizing that all pension bills must go through the full process and include actuarial analysis. Brad Gross of the Public Pension Oversight Board presented a detailed review of Kentucky retirement systems’ investments and funding. He said fiscal year 2025 ended with about $50.5 billion in pension assets and $12.52 billion in retiree health assets, both up from the prior year. He reported strong investment performance across the systems, with all Kentucky public pension funds exceeding their policy benchmarks and the median peer return of 10.4%. He also discussed long-term return trends, asset allocation differences among the systems, fee levels, and cash flow, noting that cash flow remains a key monitoring issue and that supplemental appropriations have improved the cash position of some funds, especially the Kentucky State Police and TRS systems. Gross also explained that assumed rates of return have generally fallen over time, which increases unfunded liabilities and required contributions, and said the systems’ current assumptions range from 5.25% to 7.1%. He noted that the committee’s materials included peer comparisons and historical charts, and that all asset classes were within target ranges. In response to a question from Senator Funky From, Gross was asked about pension spiking and whether supplemental general fund contributions could create a false sense of security in cash flow analysis; the question was raised but not resolved in the portion of the transcript provided.