Video & Transcript Research : 'actuarial studies'

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MN

Minnesota 2025 1st Special Session

House Ways and Means Committee 3/3/25 - Part 2

Ways and Means

Transcript Highlights:
  • They changed that all of a sudden and went to an actuarial study, so it depends on the version of the
  • different ways of costing out the bill, including a microsimulation process in 2022 and then an actuarial
  • study.
  • He said they changed that all of a sudden and went to an actuarial study, so it depends on the version
Bills: HF11
KY
Transcript Highlights:
  • 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> ago.
  • 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.
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.
WY

Wyoming 2026 Regular Session

House Agriculture, State and Public Lands & Water Resources, February 12, 2026

Agriculture, State and Public Lands & Water Resources

Transcript Highlights:
  • And it's a level two study.
  • And it's a level two study.
  • being clear to your study. being clear to your study.
  • . study. study.
  • what I see coming out of this study. what I see coming out of this study.
TX
Transcript Highlights:
  • And ensures that any purchase remains actuarially sound.
  • House Bill 4945 would require TRS to conduct a study.
  • I normally oppose studies, but I know when we get into the retirement system these things need to be
  • studied very carefully.
  • Anyway, a study to determine the feasibility of creating... being a new tier within TRS for Texas A&M
TX

Texas 89th Regular

Land & Resource Management Mar 13th, 2025

Land & Resource Management

Transcript Highlights:
  • One addresses TIAs or road study for before mud is created. all separate parts of the MUD process, that
  • This can include studying the impacts of the proposed project and determining what mitigation is needed
  • We study it. We look at what the mitigation is going to be, and we put that in place.
Bills: HB23, HB363, HB447, HB954, HB23
TX
Transcript Highlights:
  • As someone who spent years fostering religious dialogue and studying the legal dimensions of faith in
  • It is necessary to study as a student of international law.
  • I'm concerned about the broad language of this bill making it impossible to properly study the law in
  • In 2024, I was studying for my final exams at UT Law at the end of my second year, and my educational
  • Having the Higher Education Coordinating Board conduct this study...
TX
Transcript Highlights:
  • They are part of it. of the reason why I came to study at the University of Texas and came to this state
  • If you study history, the comment that the Jews killed Jesus is not a reference. to whether or not the
  • So I would just encourage. you to study history before you make those decisions.
  • State Health Services Texas Center for Nursing Workforce Studies biannually collects some placement data
  • What's more, the same study identified a significant need in teachers and campus administrators.
OK
Summary: The House first took up Senate Bill 893, a conference committee report on property and critical infrastructure. The bill would bar foreign principals from countries designated as foreign adversaries from owning agricultural land or other land, especially within 10 miles of military installations or critical infrastructure, and also restrict certain state software purchases tied to adversarial countries. Members asked about how later-designated adversary countries would be covered and about the delayed effective date, which was explained as giving current owners time to divest. The conference report was adopted without objection, and the bill then passed the House 89-0. The chamber then considered Senate Bill 2, another conference committee report on wind energy setbacks. The measure would establish statewide setback standards for industrial wind turbines, including 2.5 tip heights from occupied dwellings and 1.5 tip heights from nonparticipating property lines, with exceptions for projects that had already secured most site control or queue positions before the effective date and for small community-scale systems. Supporters said it was a compromise that at least put some protections into statute, while opponents argued it weakened earlier House language and eliminated county local-control options. After debate, the bill failed on a 20-67 vote. Later, the House voted 60-19 to override the governor’s veto of Senate Bill 1589, allowing it to become law notwithstanding the governor’s objections. The session also included prayers and announcements, including updates about Representative Cantrell’s hospitalization and a note that the Senate had adjourned sine die. The House then adjourned sine die for the second regular session of the 60th Oklahoma Legislature.
OK
Summary: The House convened, completed roll call, and heard an invocation and pledge before moving through several ceremonial presentations. Members recognized Monty Smith for 43 years of service with the Oklahoma Department of Transportation, honored the Marlow Lady Outlaws girls golf team for winning the Class 3A state and academic state championships, and acknowledged the final group of pages for the 60th Legislature. The House also adopted HCR 1030, which sets the legislative procedure schedule and deadlines for the 61st Oklahoma Legislature. The chamber then met in a joint session with the Senate to observe Veterans Awareness Day. Speakers from both chambers and the Oklahoma Veterans Council delivered remarks honoring veterans, Gold Star families, and military service, and highlighted recent policy achievements for veterans, including the full tax exemption for 100% disabled veterans, the exemption of military retirement pay from state income tax, improved funding for veterans’ homes, and restructuring of the Oklahoma Veterans Commission. The Veterans Council also presented its annual awards, naming Sen. Kerry Hicks as Outstanding Senator of the Year, Rep. Andy Menz as Outstanding Representative of the Year, Aaron Higgins as Veteran of the Year, and the Speed family as Veteran Family of the Year, and recognized Scott Howell for his service to the council. The joint session then adjourned. Back in the House, members took up Senate amendments to House Bill 1370, which concerns the Corporation Commission plugging fund and a repealer tied to a state fuel-tax offset provision. The bill’s author explained that the amendment would prevent the state from capturing savings if the federal fuel excise tax is reduced, so any reduction would benefit consumers rather than state revenue. After questions about fiscal impact and the well-plugging fund, the House adopted the Senate amendments without objection and passed HB 1370 on final passage by a vote of 89-1; the emergency clause also passed 89-1. The House then recessed, later returned for a staff appreciation and sine die-style recognition, including a tribute to long-serving bill drafter Mark Carter, and recessed again while awaiting any additional legislation from the Senate.
FL

Florida 2026 Regular Session

Governmental Oversight and Accountability Jan 20th, 2026

Governmental Oversight and Accountability

Transcript Highlights:
  • This addresses an unfunded actuarial liability with the FRS system.
  • This addresses an unfunded actuarial liability with the FRS system.
Bills: S0774, S7028, S7024, S7026
Summary: The Committee on Governmental Oversight and Accountability met and first heard Senate Bill 774, which would extend workers’ compensation medical benefits for employment-related mental or nervous injuries to 911 public safety telecommunicators, even without a physical injury. The sponsor and several dispatchers, a clinician, and communications directors testified in support, describing repeated exposure to traumatic calls, chronic understaffing, and the need for mental health treatment and retention support. Senator DiCeglie and Chair Mayfield praised dispatchers’ work, and the bill was reported favorably by committee vote, with Senator McClain later recorded as voting yes on the bill. The committee then took up SPB 7028, a retirement bill that sets Florida Retirement System employer contribution rates beginning July 1, 2026, leaves the 3% employee contribution unchanged, allows certain elected officers to receive a DROP payout under specified conditions, and provides a 1.5% alternative cost-of-living adjustment for eligible special risk retirees. Firefighters, police, sheriffs, and chiefs’ groups spoke in support, emphasizing recruitment and retention. The committee voted to submit the proposal as a committee bill and reported it favorably. Finally, the committee considered SPB 7024 and SPB 7026, both open-government-related bills. SPB 7024 would repeal the current public records and public meeting exemption for cybersecurity information and consolidate agency-specific cybersecurity exemptions into one agency-wide exemption. SPB 7026 would repeal the current public records exemption for trade secrets held by an agency and similarly consolidate specific trade secret exemptions into one agency-wide exemption. Neither bill drew testimony or debate, and both were submitted as committee bills and reported favorably. The meeting then adjourned.
OK

Oklahoma 2026 Regular Session

Retirement and Government Resources REVISED Feb 17th, 2026 at 10:30 am

Retirement and Government Resources

Transcript Highlights:
  • And so I'm coming back on this now, looking at with the actuarials, their pension systems actually in
  • It passed 8-0 and was referred to the actuary.
  • The increase from the actuarial came back as unfunded actuarial liability, amount of contribution increase
  • There's no actuarial expense to that.
  • There's because if they, the actuarial is gonna set them out... That value of that money.
TX

Texas 89th Regular

Public Education Apr 22nd, 2025

Public Education

Transcript Highlights:
  • studies in Dallas ISD.
  • . studies.
  • studies courses.
  • This would require that Mexican-American studies and African-American studies meet those social studies
  • Asian studies is American studies; it is Texas history.
TX

Texas 89th Regular

Public Education Apr 22nd, 2025

Public Education

Transcript Highlights:
  • ... ...local and state government functions, election laws, and voting requirements in the social studies
  • covering local and state government functions, election laws, and voting requirements in the social studies