Video & Transcript Research : 'actuarial rates'
Page 2 of 500
TX
Transcript Highlights:
- Well, yeah, I can only speak in, in a very general term to, to our physician, you know, payment rates
- The facility is, is a different billing system, different contracting, different payment rates, but to
- tracking the data, you know, for the next 1213 years or so, hoping that we can put together the actuarial
Bills:
HB139
KY
Kentucky 2026 Regular Session
House Legislative Session Day 59 (4-14-26) - Part 1
Kentucky House Floor Meeting
Transcript Highlights:
- There's other statements in here that, what we're trying to accomplish, to look at the capitation rate
- look at we're trying to accomplish to look at the<00:15:39.519><c> capitation</c><00:15:40.160><c> rate
- </c><00:15:41.120><c> he</c><00:15:41.519><c> basically</c><00:15:42.399><c> uh</c> the capitation rate
- and he basically uh the capitation rate and he basically uh avoided<00:15:43.279><c> that</c><00:15:
- That our rates need to be based on those federal rules and to be actuarial sound, or else they could
Bills:
SB141, SB124, SB56, SJR116, SB94, SB37, SB127, SB197, SB66, SB70, SB133, SB160, SB214, SB312, SB52, SJR62, SJR75
Keywords:
legal advertisements, tax rates, public hearings, transparency, local government, sick leave, education, teacher retirement, benefits, employee compensation, Medicaid, nonopioid analgesics, pain management, health care regulation, utilization controls, physician shortage, health care access, medically underserved areas, medical education, workforce development
TX
Keywords:
tax collection, managed audits, taxpayer rights, dispute resolution, penalty, sales tax exemption, clothing, footwear, school items, economic relief, public retirement systems, pension funding, police benefits, firefighter pensions, municipality contributions, actuarial assumptions, amortization, administrative requirements, judicial retirement, service credit
TX
Keywords:
tax collection, managed audits, taxpayer rights, dispute resolution, penalty, sales tax exemption, clothing, footwear, school items, economic relief, public retirement systems, pension funding, police benefits, firefighter pensions, municipality contributions, actuarial assumptions, amortization, administrative requirements, judicial retirement, service credit
WA
Washington 2025-2026 Regular Session
Senate Business, Trade & Economic Development Feb 25th, 2026 at 04:00 pm
Business, Trade & Economic Development
Transcript Highlights:
- House Bill 1269 concerns pawnbroker fees and interest rates.
- This is the bill that shortens loan periods, increases interest rates, prep fees, and storage fees, and
- The first striking amendment A by Senator Stanford creates a uniform 5% interest rate for each 3-day
- Institutions to create a statewide electronic database for the reporting and monitoring of interest rates
WA
Washington 2025-2026 Regular Session
Senate Business, Trade & Economic Development Feb 25th, 2026 at 08:00 am
Business, Trade & Economic Development
WA
Washington 2025-2026 Regular Session
Senate Business, Trade & Economic Development Feb 18th, 2026 at 08:00 am
Business, Trade & Economic Development
Transcript Highlights:
- Next, it increases the interest rate for loans greater than $100.
- They're asking for a modest increase in interest rates from 5%...
- They're asking for a modest increase in interest rates from 5% percent.
- The bill does raise the interest rate from 4% to 5% per 30 days.
- But these other pieces, the interest rate and the document preparation fee, are percentages, their rates
Keywords:
pawnbroker, fees, interest rates, consumer protection, financial regulation, real estate transactions, nonprofit, land conservancies, unsolicited offers, property rights, 904, all
Summary:
The Senate Business, Trade & Economic Development Committee heard public testimony on several House bills. HB 2624 would expand an existing exemption in the solicited real estate transaction law so public entities could solicit and buy real property for any public purpose, for Indian tribes, or for nonprofit nature conservancies; the sponsor and conservation groups said these transactions are lengthy, appraised differently, and not like predatory home-buying schemes, while a forest landowners group opposed the bill as creating a loophole for low-ball offers to vulnerable owners. HB 2334 would authorize rounding of cash transactions to eliminate the need for pennies, with rounding applied after tax and limited to in-person cash transactions; supporters from grocery and retail groups said banks are no longer supplying pennies and the bill provides needed clarity, while the sponsor and staff noted it differs from the Senate companion by making rounding permissive and adding protections for sellers.
The committee also heard HB 1269 on pawnbroker fees, which would shorten the loan period from 90 to 60 days, raise interest and preparation fees, increase storage fees, and allow online payments for extensions. Pawnbroker representatives and the sponsor argued the changes are modest, overdue, and needed to keep small businesses viable and serving unbanked customers, but senators questioned whether the combined increases were truly modest and raised concerns about affordability; the sponsor said she was willing to work on the numbers. HB 2428 would require insurers to send advance notice before an individual life insurance policy lapses and allow notice to a designated third party; the sponsor, the Office of the Insurance Commissioner, insurers, AARP, and consumer advocates supported it as a way to prevent unintentional lapses for seniors and others with cognitive or caregiving challenges, though insurers noted added compliance costs and that the bill applies to policies issued on or after January 1, 2027.
Finally, the committee heard HB 1078 on pet insurance, which would bar cancellation or nonrenewal based on age or certain conditions and require continuity protections when policies move between affiliated companies. The Office of the Insurance Commissioner strongly supported the bill as a consumer protection measure, saying it would help ensure pet owners are not dropped because a condition develops during the policy term. After testimony on all bills, the chair adjourned the meeting; no votes were taken in the transcript.
MN
Minnesota 2025-2026 Regular Session
House Human Services Finance and Policy Committee 3/4/25
Human Services Finance and Policy
Transcript Highlights:
- rate add-ons and rate cutbacks different rate add-ons and rate cutbacks which<00:07:01.599><c> again
- So these are rates that are not currently cost-based rates.
- were</c> but um these rates these sud rates were but um these rates these sud rates were mostly<00:19
- rate?
- </c><00:40:11.040><c> and</c> mental health rates and sud rates um and mental health rates and sud rates
Bills:
HF1005
LA
Transcript Highlights:
- But if you do more than 120 days per year, then you have to accept a reduced ad hoc daily rate.
- Bacala provides relative to the determination of employer contributions and amortization of certain actuarial
- So as the employer rate comes down, we would pick up half of that to increase this percentage funding
- Relative to the determination of employer contributions and amortization of certain actuarial gains for
- to prevent long-term debt growth, even if it results in a minor short-term increase in the employer rate
Bills:
SB8, SB10, SB11, SB12, SB13, SB14, SB16, SB17, SB18, SB20, SB21, SB22, SB416, SB455, SB456, SB477
Keywords:
Municipal Employees' Retirement System, Louisiana, participation, employer, retirement, SB 10, Act 222, Louisiana State Police Retirement System, state police retirement, retirement system funding, employer contributions, actuarial gains, amortization, Permanent Benefit Increase, PBI account, benefit increase reserve, supplemental permanent benefit increase, public retirement systems, state pension, pension funding
Summary:
The Retirement Committee met on April 29, 2026, established a quorum, and heard a series of retirement-related bills, mostly cleanup or technical measures affecting various public retirement systems. SB 22 would extend Municipal Employees Retirement System eligibility to certain positions in the Second City Court constable’s office in New Orleans. SB 17 would create a funding deposit account for cost-of-living adjustments for registrars of voters’ employees’ retirement system. SB 455 would allow certain district and parish courts to participate in the Parochial Employees Retirement System. SB 456 would update compensation rules for assigned retired judges, and SB 8 would add the Louisiana Asset Management Pool as a participating employer in MERS. All of these bills were described as aligning statutes with current practice or expanding participation options, and each was reported favorably without objection.
The committee also heard several Louisiana State Police retirement bills. SB 10 would repeal outdated priority allocation and retiree raise rules and adjust handling of surplus employee contributions; SB 11 would increase the funding cap for benefit increases from 2.5% to 3.5%; and SB 12 would update membership and definition language to reflect the State Police Commission rather than the Civil Service Commission. SB 18 would repeal a special exception allowing certain MERS retirees to return to part-time work while collecting full benefits, while protecting roughly 30 current participants. SB 20 and SB 21 would update actuarial gain/loss and unfunded liability funding rules for school employees’ retirement and LASERS, respectively, in light of the new permanent benefit increase funding structure. Each of these bills was supported by system officials as cleanup or modernization measures and was reported favorably.
The committee spent the most time on education and return-to-work issues for teachers and public employees. SB 16 would reduce annual trustee training requirements for retirement system boards from 16 hours back to 12 hours, which witnesses said would better fit smaller systems and match the original intent of the law. SB 13 would similarly update TRSL’s actuarial funding rules after the sunset of the experience account. SB 14, based on a 2025 study work group, would consolidate and simplify TRSL return-to-work rules and expand options for retired teachers, with witnesses emphasizing teacher shortages and the need to retain experienced educators. All three were reported favorably. Finally, SB 416 would allow certain Department of Public Safety and Corrections retirees to return to critical shortage positions after one year, and SB 477 would classify the chairman of the Louisiana Gaming Control Board as a full-time state employee for retirement purposes. Both bills drew questions and discussion, especially SB 416, and both were reported favorably. The chair announced the committee’s next meeting would be moved from Monday to Tuesday, and the meeting adjourned.
MA
Massachusetts 2025-2026 Regular Session
Special Joint Committee on Initiative Petitions Mar 30th, 2026
Special Joint Committee on Initiative Petitions
Transcript Highlights:
- are lower than our 5% rate.
- If you pay the surtax and the base rate, that would be your top marginal rate.
- If you pay the surtax and the base rate, that would be your top marginal rate.
- The birth rate is cyclical.
- credit rating.
Keywords:
tax revenue, state surplus, taxpayer refunds, budget growth, Massachusetts General Laws, income tax, tax reduction, state law, personal income tax, tax rates
Summary:
The Special Joint Committee on Initiative Petitions held a public hearing on two proposed ballot initiatives: one to reduce the state personal income tax rate from 5% to 4% over three years, and another to revise the state tax collection cap law (62F) so the cap would be based on the prior year’s actual collections plus wage-and-salary growth and would include surtax revenue. Committee chairs outlined the hearing process and noted that the measures would need additional signatures to qualify for the 2026 ballot if not enacted by the legislature.
The committee’s expert witness, Doug Howgate of the Massachusetts Taxpayer Foundation, said the income tax proposal would lower the base rate in stages beginning in 2027 and would ultimately reduce state income tax collections by about $5.4 billion annually when fully implemented. He estimated savings would vary by income level, from a few hundred dollars for lower- and middle-income households to about $10,700 for taxpayers at the surtax threshold. He argued the proposal would improve tax competitiveness but would also require major budget adjustments, likely including reserve use, spending cuts, and possibly new revenue measures; he cited prior downturns and said the state’s rainy day fund is stronger than in past recessions, though spending growth and health care costs remain concerns. On the 62F proposal, he said rebasing the cap to prior-year collections would make refunds more likely, with modeled refunds totaling about $7.9 billion without the surtax and $10.1 billion with it over the last decade, and warned it could reduce stabilization fund deposits and constrain recovery after recessions.
Proponents of both petitions, including representatives from Taxpayers for an Affordable Massachusetts, NFIB, Pioneer Institute, and the Mass Opportunity Alliance, argued that Massachusetts faces an affordability and competitiveness crisis and that lower taxes would help families, small businesses, job creation, and outmigration. They said the income tax cut would put about $1,300 a year back into the hands of average families, help pass-through businesses reinvest, and improve the state’s ability to compete with lower-tax states such as North Carolina. Their economist, Rebecca Paxton, presented a model projecting average annual revenue losses of about $680 million during the phase-in and a total net income tax revenue impact of $2 billion to $2.2 billion, while saying long-term revenue growth would be stronger after implementation. The hearing ended with committee questions and a brief dispute over a planned voter testimonial video, which the chairs said was not appropriate for the hearing at that point.
MN
Minnesota 2025-2026 Regular Session
House Higher Education Finance and Policy Committee 3/12/26
Higher Education Finance and Policy
Transcript Highlights:
- fall 2027, they're eligible for the resident student tuition rate.
- </c> non-state outofstate rates. non-state outofstate rates. >> Mr.<00:08:28.720><c> Hopkins.
- </c> student tuition resident tuition rate. student tuition resident tuition rate.
- Um, as far as resident tuition rates, no. Um, we did not include that in this bill.
- Um as far as resident tuition rates,<00:32:23.919><c> no.
TX
Transcript Highlights:
- Death rate. We are now the number one nation of human trafficking in the entire world.
MN
Minnesota 2025-2026 Regular Session
House Human Services Finance and Policy Committee 2/27/25
Human Services Finance and Policy
Transcript Highlights:
- My understanding is that because it fell below what is already assumed to increase in rates, then it
- Nursing homes are paid via the VBR rate methodology, which increases over time, and that rate methodology
- </c> any direction to DHS to update the rates any direction to DHS to update the rates or<00:49:04.520
- I'm also pleased to see that House File 1419 provides an annual update to elderly waiver rates.
- </c> update to the elderly waiver rates update to the elderly waiver rates ensuring<01:04:21.279><c>
AZ
Transcript Highlights:
- The feds expand the base and maybe they lower their rates, and that's below the line, which obviously
- We as the government are taking money from everybody at different rates other than the flat tax, and
Keywords:
public funds, virtual currency, bitcoin, investment, Arizona Strategic Digital Asset Reserve Act, state treasurer, retirement system, state payments, cryptocurrency, Arizona law, payment methods, government transactions, tax lien, property tax lien, real property tax lien, foreclosure, right of redemption, redeem, excess proceeds, county abatement lien
MN
Minnesota 2025-2026 Regular Session
Human Services Finance and Policy Committee hears HF500 2/27/25
Human Services Finance and Policy
Transcript Highlights:
- As a nursing home provider operating under Minnesota's rate equalization policy, we have no mechanisms
- As a nursing home provider operating under Minnesota's rate equalization policy, we have no mechanisms
- As a nursing home provider operating under Minnesota's rate equalization policy, we have no mechanisms
- As a nursing home provider operating under Minnesota's rate equalization policy, we have no mechanisms
- As a nursing home provider operating under Minnesota's rate equalization policy, we have no mechanisms
Keywords:
nursing facilities, reimbursement rates, elderly care, minimum wage, healthcare funding, nursing home, employment standards, worker rights, Minnesota Statutes, labor compensation, 919, house, all
Summary:
The committee took up House File 500, which would require the legislature to fund the Nursing Home Workforce Standards Board’s standards before they could take effect. An author’s DE2 amendment was adopted first; the amendment was described as pausing the board’s standards unless the legislature estimates and fully pays the cost for each nursing home. The bill author argued that mandates without money create serious consequences for seniors and providers, and said the measure would keep budget authority with the legislature rather than an appointed board.
Supporters, including nursing home operators and the Long-Term Care Imperative, said the board’s holiday pay and minimum wage standards would create large unfunded costs, citing estimates ranging from hundreds of thousands to millions of dollars for individual facilities and more than $200 million statewide. They argued that some facilities could face debt, reserve depletion, or reduced access to care if the standards are not funded. Opponents, including SEIU workers and union leaders, said the board has improved staffing, recruitment, morale, and worker safety, and that caregivers deserve higher wages and holiday pay. They argued the bill would weaken the board’s ability to address chronic understaffing and would shift focus away from worker protections.
Members also debated whether nursing home reimbursement rates have already risen enough to cover wages and whether the problem lies with how funds are used by providers. After public testimony closed, several members spoke in opposition and support. A roll call was requested, and the committee voted 9-7 to re-refer House File 500, as amended, to the Committee on Labor and Workforce and Economic Development Finance and Policy.
MA
Massachusetts 2025-2026 Regular Session
Special Joint Committee on Initiative Petitions Mar 30th, 2026
Special Joint Committee on Initiative Petitions
Transcript Highlights:
- is lower than our 5% rate.
- If you pay the surtax and the base rate, that would be your top marginal rate.
- If you pay the surtax and the base rate, that would be your top marginal rate.
- dividends at a higher rate.
- The birth rate is cyclical.
Keywords:
tax revenue, state surplus, taxpayer refunds, budget growth, Massachusetts General Laws, income tax, tax reduction, state law, personal income tax, tax rates, 1212, all
Summary:
The Special Joint Committee on Initiative Petitions held a public hearing on two proposed ballot initiatives: one to reduce the state personal income tax rate from 5% to 4%, and another to revise the state tax collection cap (62F) so it is based on prior-year collections plus wage growth and includes surtax revenue. Committee chairs outlined the Article 48 process and explained that the measures would need additional signatures if not enacted by the legislature. The committee first heard from Doug Howgate of the Massachusetts Taxpayers Foundation, who testified as an expert on both proposals. He said the income tax cut would save taxpayers varying amounts depending on income, but would reduce state revenue by about $5.4 billion when fully implemented and could require budget cuts or other fiscal adjustments. He also argued the proposal would improve tax competitiveness but noted broader economic conditions would heavily affect outcomes. On the 62F proposal, he said the revised cap would make refunds much more likely, could reduce stabilization fund deposits, and would constrain the state’s ability to recover after recessions.
Committee members questioned Howgate about competitiveness, outmigration, spending growth, and the interaction between the regular income tax and the surtax. He emphasized that taxes are only one part of competitiveness, alongside housing, education, safety, and other factors, and said recent spending growth has been driven largely by non-discretionary costs such as MassHealth and education commitments. He also noted that the income tax proposal would not directly reduce the surtax, though it could affect how the budget uses general fund and surtax resources.
The committee then heard from proponents of both initiatives, including representatives of Taxpayers for an Affordable Massachusetts, NFIB, Pioneer Institute, and the Mass Opportunity Alliance. They argued that Massachusetts faces an affordability and competitiveness crisis, that the tax cut would put about $1,300 a year back into the hands of average families, and that lower taxes would help small businesses invest, hire, and retain workers. They cited outmigration, job losses relative to states like North Carolina, and high costs for housing, health care, energy, and unemployment insurance as reasons for action. Their economist, Rebecca Paxton, presented a statistical model claiming the income tax cut would have smaller revenue losses than critics predict and that the revised 62F formula would produce more regular taxpayer refunds without materially harming annual revenue growth. No votes were taken at the hearing, and the committee moved on to additional testimony and questions.
MN
Bills:
HF11
Keywords:
Minnesota Paid Leave, paid family and medical leave, family leave, medical leave, implementation delay, premium collection, employer premiums, state payroll tax, workforce, labor, benefits administration, DEED, Department of Employment and Economic Development, employer notice, seasonal employees, private plans, actuarial study, outreach and education, employee rights, reinstatement
MN
Transcript Highlights:
- They changed that all of a sudden and went to an actuarial study, so it depends on the version of the
- He said they changed that all of a sudden and went to an actuarial study, so it depends on the version
- As an employer myself, I pay my employees top-notch hourly rates. We do other benefits.
- pay my employees top-notch<00:37:02.079><c> their</c><00:37:02.240><c> hourly</c><00:37:02.640><c> rates
- we do other top-notch their hourly rates we do other benefits<00:37:04.119><c> we</c><00:37:04.200><
Bills:
HF11
Keywords:
Minnesota Paid Leave, paid family and medical leave, family leave, medical leave, implementation delay, premium collection, employer premiums, state payroll tax, workforce, labor, benefits administration, DEED, Department of Employment and Economic Development, employer notice, seasonal employees, private plans, actuarial study, outreach and education, employee rights, reinstatement
KY
Kentucky 2026 Regular Session
Public Pension Oversight Board (6-1-26)
Transcript Highlights:
- </c> every two-year annual actuarial every two-year annual actuarial valuation. valuation. valuation.
- , a reviewing actuary.
- actuary system retains by a different actuary years<00:09:41.200><c> ago.
- </c> another actuary retained by the systems. another actuary retained by the systems.
- It’ll also look at the actuarial processes. Actuaries have actuarial standards of practice.
Keywords:
Meeting Start: 00:00:09
Attendance Roll Call: 00:01:42
Approval of Minutes: 00:03:23
Overview of Actuarial Audit Process: 00:03:47
Overview of Reemployment After Retirement Provisions: 00:25:26
Teachers’ Retirement System: 00:25:26
Kentucky Public Pensions Authority: 00:50:32
Adjournment: 01:02:55, 958, all
Summary:
The meeting began with quorum, approval of the prior minutes, and an announcement that the June meeting had been canceled and replaced by this combined May/June meeting; the next official PPOB meeting was announced for July 21 at 2:30. Staff then gave an overview of the Public Pension Oversight Board’s required actuarial audit process, explaining that House Bill 238 requires a review every five years of the retirement systems’ actuarial assumptions and methods, funded by the systems themselves. The presentation distinguished this audit from a financial or forensic audit, described the three possible audit levels (full replication, limited/spot review, or basic review), and noted that the last audit in 2021 was a level one performed by Milleman Consulting at a cost of about $190,000. Members discussed timing for the next audit cycle, with a request to LRC likely needed in July or August to target the June 30, 2026 valuation, and several members expressed interest in another level one review. Questions also addressed whether prior audits found major issues; staff said the 2021 review was generally clean but recommended more consistency in reporting and assumptions across systems.
The committee then welcomed new staff and interns, including Odet Guanzi of KPPPA and Team Kentucky intern Amamira Bowman. Bo Barnes of the Teachers Retirement System presented an overview of the statutory framework for reemployment after retirement under KRS 161.605. He explained that the law is intended to let retirees return to help with staffing needs, do so in an actuarially sound way through required contributions, and keep TRS compliant with federal tax rules for a qualified plan under section 401(a). Barnes described the required breaks in service and earnings limits for retirees returning part-time or full-time, including the three-month or 12-month break depending on the employer, the 6,900-day limit, and the daily wage threshold based on years of service. He also noted a lightly used critical shortage program that allows school districts to hire retirees without a wage cap, while still observing the break-in-service rules.
Members asked questions about who decides the scope and level of the actuarial audit, how the audit would treat leave balances and other benefit-related items, and whether the prior level one audit identified substantial problems. Staff said the committee would request the audit, but LRC would handle contracting, and that the audit scope could include items like sick leave and annual leave costs if requested. On the reemployment topic, Barnes emphasized that the rules are designed to avoid pre-arranged retire-and-return arrangements that could jeopardize TRS’s tax-qualified status. No formal votes were taken beyond approving the minutes, and the meeting concluded with the presentations and discussion of these pension oversight issues.
TX
Bills:
SB 458, SB 819, SB 1238, SB 1642, SB 1643, SB 1644, SB 1791, SB 1810, SB 1824, SB 1825, SB 758, SB 1455, SB 1706
Keywords:
renewable energy, solar power, wind energy, public interest determination, environmental impact, property rights, Texas Commission on Environmental Quality, insurance, discrimination, marital status, widowers, spousal death, equitable treatment, Texas Department of Insurance, commission appointments, insurance regulation, oversight, consumer advocacy, insurance rates, property insurance