Video & Transcript Research : 'retirement system'

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TX
Transcript Highlights:
  • . ...Fund in 2021 and the City of Austin Employee Retirement Fund in 2023.
  • I'm the Executive Director of the Austin Firefighters Retirement Fund.
  • I did pause. to make sure I say Austin Firefighters Retirement Fund.
  • Both the Union and Retired Firefighters Association support this bill, and most active and retired Austin
  • I am the president of the Austin Retired Firefighters Association.
Bills: SB771, SB2345, HB135, HB135
AZ

Arizona 2026 Regular Session

03/23/2026 - House Public Safety & Law Enforcement

Public Safety & Law Enforcement

Transcript Highlights:
  • We're here because our current retirement system for Tier 3 is just not working.
  • The pension system is made up of three tiers. Tier 1 is a 20-year retirement.
  • The pension system is made up of three tiers. Tier 1 is a 20-year retirement.
  • It's a digital system.
  • This system provides us the ability to do that through a digital system and provides accountability.
Summary: The committee first heard SB 1161, which would prevent lapse of a $750,000 FY2026 appropriation to DPS for the Yuma County Family Advocacy Center (Amberly’s Place). Testimony described the center’s 24/7 crisis response, forensic interview and medical services, and satellite offices in nearby communities. The bill was moved and received a do pass recommendation on an 11-0 roll call, with three members absent. The committee then considered SB 1215, a clarifying bill on the list of cancers covered by the occupational disease presumption for firefighters and peace officers, with a retroactivity amendment to June 30, 2021. Firefighters’ representatives said the measure corrects a drafting issue involving adenocarcinoma and would prevent denials of claims; members asked about peace officer coverage, independent medical exams, and workers’ compensation impacts. The amendment was adopted and the bill received a do pass recommendation, with 11 ayes, one present, and two absent. SB 1270, dealing with supplemental employer contributions to defined contribution accounts for corrections employees, drew testimony focused on severe retention problems in corrections and county detention. Supporters said the bill would allow optional incentive payments at service intervals to help keep trained officers on the job; members discussed vesting, recruitment versus retention, and whether the program could be funded without a new appropriation. The committee adopted the amendment and gave the bill a do pass recommendation, with ten ayes, one nay, two present, and one absent. The committee also heard SB 1400, authorizing law enforcement wellness and crisis response programs and setting confidentiality rules. Police association testimony supported the concept but noted concerns about the breadth of the privilege carve-outs, especially if licensed therapists are involved; several members said they would support the bill after an amendment clarifying privilege protections. The bill was reported do pass with ten ayes, one nay, and two present. SB 1538, as a strike-everything amendment, would require workers’ compensation coverage for PTSD treatment for firefighters and peace officers and allow one MDMA treatment course if federal approval and rescheduling occur by January 1, 2029. Supporters described promising clinical trial results and argued it could help severe PTSD cases, while county representatives opposed the mandate and raised cost and approval concerns. The amendment was adopted and the bill received a do pass recommendation, with seven ayes, three nays, and one present. Finally, the committee considered SB 1537, renaming the peace officer training equipment fund as the public safety de-escalation and life safety fund and repealing its advisory commission. Testimony explained the change was meant to reduce confusion between similar funds and reflect the fund’s use for de-escalation and safety equipment; some members noted opposition from the Arizona Police Association and concerns about whether the money might be better used for raises. The bill passed on a 7-4 vote with three absent. The committee then began SB 1580, which would appropriate Peace Officer Training Equipment Fund money for fire incident management support and other public safety equipment, including pepperball equipment, simulators, records management software, and retention/recruitment efforts. Testimony supported the equipment and data-sharing investments, but members also questioned accountability, ongoing costs, and whether the listed uses were the best use of the fund.
AL

Alabama 2025 Regular Session

Alabama House Montgomery County Legislation Committee Apr 15th, 2025

Montgomery County Legislation

Transcript Highlights:
  • The Montgomery County City Council is authorized to join the state retirement system, and it is also
  • We give them the option to give them retirement. We give them the option to take retirement.
Bills: HB424, SB286
AL

Alabama 2025 Regular Session

Alabama House Jefferson County Legislation Committee Mar 5th, 2025

Jefferson County Legislation

Transcript Highlights:
  • This is a bill for the County Retirement System.
  • The retirement system is approximately 70% funded.
  • If you're a merit system employee, you're a mandatory contributor to the retirement system.
  • them mandatory contributors to the retirement system.
  • to the retirement system.
Bills: HB343, HB345
KY
Transcript Highlights:
  • systems for your from the retirement systems for your purposes<00:05:17.039> is<00:05:17.440>
  • their retirement voided by that retirement system.
  • I'm more than happy to take those now. retirement systems, breaks and service, retirement systems, breaks
  • <00:41:38.640> system they'll have their retirement system they'll have their retirement system
  • Uh I'll open these retirement systems.
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.
OK

Oklahoma 2026 Regular Session

Retirement and Government Resources Apr 14th, 2026 at 10:30 am

Retirement and Government Resources

Transcript Highlights:
  • The Senate Committee on Retirement and Assurance will come to order.
  • system of Oklahoma.
  • system should she be confirmed, she will be succeeding herself for another four-year term.
  • We have over 210,000 members of teacher retirement and approximately 50% of them are active.
  • system of Oklahoma.
AZ

Arizona 2026 Regular Session

02/02/2026 - Senate Finance

Finance

Transcript Highlights:
  • Just for everyone's awareness, our system is not really bringing up our request to speak.
  • Senate Bill 1292 specifies that prohibiting the Public Safety Personnel Retirement System from owning
  • Another is retirement, which... One of the issues is salary, obviously.
  • Another is retirement, which.
  • Tier 1 is a 20-year retirement. Tier 2 is a 25-year retirement.
Summary: The Senate Finance Committee approved the January 26, 2026 minutes and then heard several bills dealing with tax, retirement, and property assessment issues. SB 1215, as amended, was described as a technical “comma bill” that reorganizes the list of firefighter cancer conditions presumed work-related and removes mistakenly included peace officer language; it passed 6-1. SB 1180 would codify Arizona Department of Revenue’s practice of assuming federal conformity for above-the-line income tax items when preparing forms, with supplemental instructions if the legislature later acts differently; it passed 7-0 after discussion about whether it would affect executive-ordered changes. SCR 1028, a voter-referral measure to narrow the statutory exception allowing agencies to set certain fees and assessments without a two-thirds vote, drew sharp debate over majority rule versus limits on delegated fee authority and passed 4-3. The committee also advanced SB 1292, which clarifies that the Public Safety Personnel Retirement System’s 5% ownership cap applies only to publicly traded corporations; PSPRS said the change would avoid compliance problems and unnecessary costs, and it passed 7-0. SB 1294, restoring county assessors’ authority to prorate property values for property destroyed in any manner while preserving a five-year classification benefit only for property destroyed by verifiable accident, passed 6-1. SB 1430, the annual tax corrections act, passed unanimously after DOR said it mainly removes redundant language, fixes a cross-reference, and codifies current practice. The committee then considered SB 1270, which would let CORP employers make optional supplemental retirement contributions of up to $5,000 to Tier 3 correctional officers and related employees at specified service intervals. Supporters from the FOP said it is a flexible retention tool for hard-to-staff correctional jobs, while some members worried it could add costs for counties and not solve the underlying retention problem; it passed 6-1. Finally, SB 1290, which requires advance notice and inspection reports for certain property inspections and bars repeat agricultural inspections for three years, drew strong support from farm groups and strong opposition from county assessors, who argued it would create costs, limit their ability to verify new construction, and interfere with annual valuation duties. The bill passed 4-2 with one member not voting, and the committee adjourned.
TX

Texas 89th Regular

Pensions, Investments & Financial Services Apr 14th, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • Members, in 2014, a new tier was established within the teacher retirement system that affected any member
  • approved retirement systems to another by amending the population.
  • through the Employees Retirement System of Texas.
  • You registered as Robin Hardaway, excuse me, on behalf of the Employee Retirement System.
  • Complicated has what we just were listening to: the Texas Municipal Retirement System.
TX

Texas 89th Regular

Pensions, Investments & Financial Services Apr 14th, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • It's a system that's open to all.
  • There's innovation taking place around this whole payment system.
  • That's not the way the system works at all.
  • So the whole system is designed to accommodate the rate program.
  • The processing system sees one amount.
AL

Alabama 2025 Regular Session

Alabama Senate Finance and Taxation General Fund Committee Mar 19th, 2025

Finance and Taxation General Fund

Transcript Highlights:
  • But the idea of the concept, I think, is that when someone goes off and they retire, then you need...
  • Retire and then you need to rehire them back.
  • Montgomery County—and it does specify the city of Montgomery, I should say—participate in the Employees Retirement
  • Systems of Alabama upon the same terms and conditions as may be specified.
Bills: SB208, SB216, HB187
AL

Alabama 2026 1st Special Session

Alabama House Ways and Means Education Committee Jan 20th, 2026

Ways and Means Education

Transcript Highlights:
  • if you retire for 12 months, this apply. if you retire for 12 months, this apply.
  • system at the same time.
  • So when they come back to work as a retired person, they're not in a retirement system any further.
  • When they come back to work as a retired person, they're not in a retirement system any further. >> Uh
  • the system.
TX

Texas 89th Regular

Pensions, Investments & Financial Services Mar 31st, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • We show you registered as Katrina Daniel on behalf of the Texas Retirement Teacher... ...system of Texas
  • the pension system, cutting... confusion and delay.
  • systems.
  • Currently, statute requires Texas Public Retirement Systems.
  • Retirement systems with greater than 100 million in assets report every three years, and those that have
OK
Transcript Highlights:
  • House Bill 3721 by Kelly of the House and Fris of the Senate and act relating to retirement.
  • children to elect a survivor benefit if they're unmarried public safety officer parent passes prior to retirement
  • reading of the bill House Bill 3721 by Kelly of the House and Fris of the Senate and act relating to retirement
LA

Louisiana 2026 Regular Session

Finance May 11th, 2026

Finance

Transcript Highlights:
  • Okay, this is a bill relative to the clerk of court's retirement system.
  • State and statewide systems.
  • Laura Sullivan, the attorney for the Assessor's Retirement System, at the table should there be any questions
  • Non-recurring state money and state retirement system unfunded accrued liabilities? Baham.
  • Non-reoccurring state money and state retirement system unfunded crew liabilities? Baham. Um.
OK

Oklahoma 2026 Regular Session

Retirement and Government Resources 2ND REVISED Apr 7th, 2026 at 10:30 am

Retirement and Government Resources

Transcript Highlights:
  • system.
  • I'm the executive director of the Oklahoma law enforcement retirement systems.
  • I'm not entirely sure what the teacher's retirement system contribution for the employer is, but for
  • Only it's hard to tell how many new hires there will be, but currently in the teacher's retirement system
  • We have a Ginger from the Oklahoma Pension and Retirement System here.
TX

Texas 89th Regular

Delivery of Government Efficiency Mar 19th, 2025

Delivery of Government Efficiency

Transcript Highlights:
  • , water and wastewater systems.
  • Tracking System.
  • , the class system that I mentioned, which is, um, I'm sorry, the care system that I mentioned. which
  • all these old systems.
  • When these systems detect that unreported change, we flag... that as a system-reported change.
HI
Transcript Highlights:
  • In effect, it affects how lifeguards are integrated into the public safety systems.
  • public safety systems. public safety systems.
  • First to testify on Zoom, Deborah Hubbard, VP for Academic Strategies for the University of Hawaii System
  • 24:37.040> University<00:24:37.400> of<00:24:37.480> Hawaii<00:24:37.720> System
  • ,<00:24:38.120> in the University of Hawaii System, in the University of Hawaii System, in
Bills: HCR112