Video & Transcript Research : 'actuarial study'
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FL
Florida 2025 Regular Session
January 14, 2025 - 03:30 PM
Transcript Highlights:
- I recently just got my PhD in public administration from UCF, and I studied the unemployment system for
- one of the requirements of 7089 as it relates directly to the funding formula was that it be an actuarially
- availability of the data that would have been required to meet the foundational elements of the actuarial
- availability of the data that would have been required to meet the foundational elements of the actuarial
Summary:
The Human Services Subcommittee held its first meeting of the term and heard introductory remarks from the chair, vice chair, ranking member, and members, who broadly described their interest in child welfare, mental health, aging services, homelessness, and agency accountability. The chair then outlined the subcommittee’s jurisdiction, including child welfare, mental health and substance abuse safety net services, domestic violence, developmental disabilities, elder services, and child support, and introduced the Department of Children and Families (DCF) as the first agency panel for the term.
DCF presented an implementation update on HB 7089, a 2024 law aimed at increasing accountability and transparency for community-based care (CBC) lead agencies that deliver most child welfare services under contract. The department said the bill was prompted by forensic examinations that found problems such as noncompetitive procurement, related-party transactions, excessive executive compensation, and weak financial oversight. DCF described new contract requirements and monitoring tools covering board governance and annual training, conflict-of-interest disclosures, financial penalties for noncompliance, fidelity bond requirements, limits on direct service provision by lead agencies, related-party procurement rules, procurement thresholds, real-property approvals, compensation caps, expanded public reporting, and a new Future of Child Protection and Funding Work Group. DCF reported that some lead agencies had completed required board training, others were still on schedule, and two agencies exceeding the direct-service threshold had been referred to the Auditor General.
Members asked DCF about the reasons for the bill, the impact on children, the work group’s regional representation, aging-out youth, the Embrace Families transition, board training requirements, and whether enforcement actions had been taken. DCF said the bill was intended to protect funds for children and families and improve oversight, and clarified that the Central Florida lead agency contract was awarded through competitive procurement rather than an absorption. DCF also said the board training was designed to be meaningful but not overly burdensome, with timing left partly to lead agencies as they implement the new requirements.
The committee then heard from two CBC leaders, who generally supported the accountability goals of HB 7089 and said their agencies had already addressed most of the new governance and disclosure requirements. They reported that board training had been completed or was being scheduled, but both agencies said the fidelity bond requirement has been difficult or impossible to obtain in the market as written, though they were able to secure the separate performance bond. The CBC witnesses also warned that recruiting providers is increasingly difficult, especially for higher-acuity children and group-home placements, due to limited provider supply, regulatory burden, insurance costs, and rising risk. They said these pressures are contributing to budget deficits in some areas and urged lawmakers to consider the funding model, insurance and indemnification issues, and the risk of overregulation reducing provider participation.
HI
Transcript Highlights:
- Just to cite some statistics from our testimony, there was a 2015 study that showed that family leave
- Just to cite some statistics from our testimony, there was a 2015 study that showed that family leave
- Uh, can you update this committee, uh, about what the progress is, uh, for that study and analysis?
- Uh, can you update this committee, uh, about what the progress is, uh, for that study and analysis?
- I do also want to acknowledge that DI currently has an actuarial and legal analysis study underway.
Keywords:
workforce development, craftspersons, skilled trades, artisan, craftsmanship, trade recognition, award program, DLIR, Department of Labor and Industrial Relations, Meilleur Ouvrier de France, vocational education, career pathways, cultural preservation, workforce excellence, apprenticeship, Hawaii trades, economic diversification, public nominations, governor awards, historically significant venue
NH
New Hampshire 2025 Regular Session
Committee of Conference on HB 1, HB 2 (06/18/2025)
Transcript Highlights:
- That certainly investment returns is one of the factors that the actuaries use to determine what is the
- actuarially required contributions, which have to be paid under the constitution.
- The actuaries are going to be at the table. We'll be able to figure this out and get exact numbers.
- creating a committee to study what we creating a committee to study what we can<07:28:44.478>
do - there's going to be some actuarial there's going to be some actuarial costs.<08:01:54.080>
So
Summary:
The committee of conference for HB 1 and HB 2 reviewed the side-by-side budget comparison and began working through agreed and disputed items. Members first confirmed that grayed-out items were already settled and discussed a process for making later technical and intent changes, especially to true up abolished positions after additional decisions were made. They then moved through several budget sections, including judicial branch reductions, retirement systems, the Department of Justice, the Human Rights Commission, liquor enforcement, corrections, and the Department of Information Technology.
Several items were agreed to or treated as settled package items, including the judicial branch position, the Department of Justice reduction, the Human Rights Commission item being held until related HB 2 language is finalized, the Housing Appeals Board being moved into the Board of Tax and Land Appeals, and the Office of Child Advocate. The committee also agreed to update the House bill language as needed based on HB 2 decisions, and to keep certain IT support rows in place unless related boards and commissions are eliminated. The effective date remained July 1, 2025, with no change.
The main unresolved discussion centered on the retirement systems budget, where the Senate defended a large increase for deferred IT security and investment-function improvements, while the House argued the increase was too large and favored a back-of-the-budget cut. The Senate said the funds would support strategic IT and investment changes and would remain in the trust if cut, while the House emphasized the size of the increase and suggested a compromise. The committee ultimately retained the Senate position on retirement systems for the moment and said it would return to the issue later.
On corrections and liquor enforcement, the committee described a negotiated back-of-the-budget cut structure, including a $10 million cut for corrections with some restoration of POS offices and administrative aides, and a liquor enforcement cut that was treated as part of a broader package. The Department of Safety item related to commercial enforcement and motor vehicle inspections was held for later discussion. The meeting ended with several items agreed, several held for coordination with HB 2, and some major budget questions still open.
LA
Louisiana 2026 Regular Session
Public Retirement Systems Actuarial Committee Jun 22nd, 2026
Transcript Highlights:
- This is a hearing of the Public Retirement System Actuarial Committee.
- , the reason why we're here is because PERSAC, this committee adopted the lasers June 30th, 2025 actuarial
- And, you know, that's subject to changes in the UAL due to actuarial gains and losses between now and
Summary:
The Public Retirement System Actuarial Committee met on Monday, June 22, with a quorum present and approved the prior meeting minutes. There was no public comment. The main item was an actuarial update from Ms. Johnson on LASERS, prompted by House Bill 312 of 2026, which appropriated about $145 million to LASERS and required the committee to revise the projected fiscal year 2027 employer contribution rate to reflect the funds received.
Ms. Johnson explained that $87.6 million was applied to the original amortization base, paying it off, and the remaining $57.9 million was applied to the experience account amortization base. As a result, the projected aggregate employer contribution rate for fiscal year 2027 was reduced from 32.51% to 30.05%, a decrease of 2.46%, with the projected employer contribution amount revised to about $738.7 million. She also noted that the original amortization base balance would be zero by June 30, 2026, while the experience account amortization base would continue to be paid down over time.
Committee members asked about the longer-term impact of the changes, including a question about projected savings in 2036. Ms. Johnson said the later-year savings would depend on future actuarial experience and investment performance, but the projected UAL payment in that year would be lower under the revised schedule. The committee then moved to adopt the revised projected fiscal year 2027 LASERS contribution rate of 30.05% by plan, the motion was seconded, and it passed without opposition. The meeting then adjourned.
MN
Minnesota 2025-2026 Regular Session
Human Committee Meeting - 2026-04-14
Human Services Finance and Policy
Transcript Highlights:
- In 2023, we funded an actuarial study and implementation plan as required by the federal government.
- Mshow, and also the other additional findings that we got from this study.
- <00:35:11.520>
How <00:35:11.680>will that we got from this study. - How will that we got from this study.
- things in practice that actuarial things in practice that actuarial analyses<00:36:01.359>
don't
Keywords:
county cost share, economically distressed county, human services finance, substance use disorder treatment, SUD services, civil commitment, state aid, county levy, poverty threshold, tax-exempt acreage, property tax exemption, Minnesota human services, county fiscal relief, local government finance, chemical dependency, behavioral health, PACE, elderly, Medicaid, health services
FL
Florida 2026 Regular Session
Governmental Oversight and Accountability Mar 18th, 2025
Governmental Oversight and Accountability
Transcript Highlights:
- So if they're working on a study related to sickle cell, is that allowed under the bill?
- So I think if you're talking about African-American studies, I think that's reasonable.
- [00:22:05] Is entirely on attracting Black students and studying issues at that school.
- In a 2016 survey, 40%... ...striking studies highlighting the value of DEI in medicine.
- There are many studies.
Summary:
The committee first confirmed Heather L. Turnbull to the Florida Commission on Community Service, with the motion adopted and the confirmation recommended favorably. Members then took up SPB 7022, which sets Florida Retirement System employer contribution rates beginning July 1, 2025, updates rates to address unfunded actuarial liability, and allows certain elected officers to elect a DROP accumulation; a technical title amendment was adopted, the bill was submitted as a committee bill, and it was reported favorably as a committee bill.
The committee then heard extensive debate and public testimony on SB 1710, which would restrict diversity, equity, and inclusion-related policies, trainings, and activities in state agencies, state-funded contractors and grantees, and medical institutions of higher education. Sponsor Senator DiCeglie said the bill is intended to prevent state agencies and contractors from using state funds for DEI programs and to limit state agencies from adopting DEI-related official positions; he also said the medical-school portion would likely be amended out later. Senator Polsky and others questioned the bill’s breadth and how it would affect health-related grants, public universities, historically Black institutions, recruitment, and contractor training. Public testimony was overwhelmingly opposed, with speakers arguing the bill would harm health care, education, access, and inclusion; a few supporters said DEI is ideological, can undermine merit, and should not be used by state agencies or publicly funded institutions.
After debate, Senator Polsky argued the bill was confusing, overbroad, and harmful to serving diverse communities, while Senator Arrington said it was an overreach into private business and could have significant fiscal impacts. Chair Fine closed by saying DEI is political ideology and that the bill is meant to ensure government focuses on talent rather than identity. SB 1710 was then reported favorably on a roll call vote, with Senator Arrington voting no and the remaining members voting yes. The committee then began SB 1678, relating to entities that boycott Israel, and heard the sponsor’s explanation of a delete-all amendment that would expand and clarify state restrictions on dealings with entities engaged in boycotts of Israel, including certain nonprofits, foreign educational institutions, and grants; the amendment was adopted, and the sponsor and a witness began answering questions when the transcript cuts off.
OK
Oklahoma 2026 Regular Session
Rules RESCHEDULED to Wed., April 15, 2026, 10:30 AM
Transcript Highlights:
- And it talks about in page one and Section A, validated actuarial assessments—who's the validator?
- So I was surprised to see the word actuarial. ...and Pfeiffer asked.
- So I was surprised to see the word actuarial assessment.
- Is there something like a legal term of art that—why say actuarial assessment?
Summary:
The committee heard and advanced several bills. Senate Bill 419, as amended to update the effective date to 2026, would allow the state treasurer and the Department of Wildlife Conservation/Wildlife Conservation Commission to employ or appoint attorneys. Supporters said the treasurer’s office handles highly specialized financial matters and needs in-house expertise and faster legal advice; questions focused on possible conflicts with the Attorney General, fiscal impact, and why Wildlife was included. After discussion, the bill was reported due pass by a 7-2 vote.
Senate Bill 835, also amended to a 2026 effective date, would require qualifying licensing boards and commissions to submit proposed non-rulemaking actions with anti-competitive implications for review by the Secretary of State. The author said the bill responds to antitrust concerns raised by the North Carolina dental board case and is intended to provide state supervision before boards take potentially anti-competitive action. Members questioned whether existing court remedies and Attorney General oversight were sufficient, and whether a single official should have that authority. The bill passed due pass 8-2.
Senate Bill 1618 would require courts to conduct pretrial risk assessments early in criminal cases, with the assessments used as one factor in bail decisions but not as the sole basis for granting or denying bail. The author said the bill is modeled on federal practice and is meant to help judges make fact-based decisions and reduce jail overcrowding, especially in Oklahoma County. Members asked about who validates the assessments, county implementation, and costs; the author said counties could choose their own approach and that the fiscal impact would not be significant. The bill was reported due pass 6-4.
The committee also considered Senate Bill 262, which was heavily amended and had both the title and enacting clause struck while members continued working on it. The bill concerns moving certain inmates convicted of nonviolent financial crimes out of county jails and into appropriate intake/transport processes, with the author emphasizing the goal of reducing jail overcrowding and inviting further collaboration on the language. Members raised concerns about fairness and possible unequal application based on community ties, and the bill was reported due pass 8-1 despite being acknowledged as a work in progress.
OK
Oklahoma 2026 Regular Session
Government Oversight REVISED - HB3852 -Added Mar 5th, 2026 at 10:30 am
Government Oversight
Transcript Highlights:
- And the number was dropping by the time we got it through the actuary and got it to this point.
- Why do we struggle to get a good actuarial number from our actuary?
- So, we typically send those off to the actuary in year.
Bills:
HB1739, HB1784, HB1889, HB2116, HB2206, HB3625, HB2939, HB3028, HB3265, HB3313, HB3413, HB3414, HB3415, HB3416, HB3417, HB3418, HB3420, HB3588, HB3748, HB3721, HB3852, HB4132, HB4263, HB4303, HB4311, HB4428, HB4429, HB4434
Keywords:
retirement, law enforcement, disability benefits, pension system, Oklahoma, education reform, local control, student outcomes, curriculum changes, school funding, public retirement systems, pension, retirement benefits, cost-of-living adjustment, COLA, inflation adjustment, CPI-U, Consumer Price Index, firefighters pension, police pension
WY
Wyoming 2026 Regular Session
Senate Floor Session-Day 6, February 16, 2026-PM
Wyoming Senate Floor Meeting
Transcript Highlights:
- He said that is what the future study would determine.
- to determine where be used for u a study to determine where we're<00:09:51.360>
going. - study would determine, Mr.<00:11:17.440>
Chairman. - It just kind of puts framework on the study in two areas. Appreciate it, Mr. Chair. Mr.
- They had done a study, a watershed study, and in 2008 they came to Water Development to evaluate storage
NH
New Hampshire 2026 Regular Session
House Executive Departments and Administration (01/14/2026)
Executive Departments and Administration
Transcript Highlights:
- <01:49:19.840>
at and uh make sure that the actuaries at and uh make sure that the actuaries - Um, we're happy to take that back and have our actuaries look at it again.
- take that back and have our actuaries take that back and have our actuaries look<03:18:16.640>
- Um I I'm curious and you know actuaries.
- Because it would be nice to have a smaller case study.
WV
West Virginia 2026 Regular Session
Senate in Session Mar 12th, 2026 at 11:34 am
West Virginia Senate Floor Meeting
Transcript Highlights:
- Senate Concurrent Resolution 8, requesting the Joint Committee on Government and Finance study access
- Senate Concurrent Resolution 9, requesting the Joint Committee on Government and Finance study the decline
- Senate Concurrent Resolution 9, requesting the Joint Committee on Government and Finance study the decline
- The actuarial impact is the same. I urge passage of the legislation.
- The actuarial impact is the same. I urge passage of the legislation.
Summary:
The Senate met on March 11, 2026, with prayer, the Pledge of Allegiance, journal approval, and numerous guest and page introductions, including school groups, prayer caucus visitors, and advocates for Home Family Education Day and Women in Blue Day. The chamber then took up committee reports and a large number of House bills, most of them on third reading, along with several resolutions and referrals. Senate Resolution 62, designating March 12, 2026, as West Virginia Athletic Trainers Day, was adopted after remarks emphasizing the value of athletic trainers in preventing injuries and tragedies in school sports. Several other resolutions and concurrent resolutions were referred to the Committee on Rules or laid over under the rules.
The Senate passed a wide range of bills addressing economic development, public safety, health, licensing, and state administration. Measures approved included bills on the West Virginia Collaboratory at Marshall University, the Business Ready Sites program, volunteer fire company spending authority, the Load Forecast Accountability Act, funeral service licensure, work zone fines, biennial business reporting, correctional officer retirement law, the Right to Try Act, quick claim deed tax exemptions, an ibogaine drug-development grant program, aggravated vehicular homicide sentencing, 529 savings plan definitions, opportunity zones, barber apprenticeship, municipal and county hotel occupancy fund uses, criminal-record licensing standards, intimate image disclosure remedies, executor training materials, contempt penalties, PEIA treatment flexibility, PANS/PANDAS information, the Respiratory Care Interstate Compact, capitation rate review expansions, convention and visitors bureau board membership, peer support services, cosmetology licensure compacts, natural resource police retirement, DNR fee indexing, ALS care services, the Neighborhood Investment Program, oil and gas well plugging and carbon capture-related provisions, DUI technical changes, abuse intervention program terminology, and a youth summer employment and career readiness program. Most bills passed overwhelmingly, with a few closer votes, including the Load Forecast Accountability Act and the DNR fee-indexing bill.
Several bills were amended on the floor, including title amendments and strike-and-insert changes. The Senate also debated the work zone penalty bill, with supporters citing worker safety and fatalities and opponents arguing the bill increased fines too much without requiring removal of outdated work-zone signs. On the energy-related load forecast bill, senators discussed the inclusion of provisions from Senate Bill 420 and concerns about coal plant utilization and utility impacts. After debate, the Senate adopted amendments and passed the bill. In most cases, after passage the Senate ordered the bills communicated to the House, and for a few measures it also adopted title amendments or made bills effective from passage or on a specified date.
FL
Florida 2026 Regular Session
FL House Floor Session - 2026-05-29 (10:00AM Session)
Florida House Floor Meeting
Transcript Highlights:
- That's based on actuarial analysis, and it's established and discussed at the SSCC, the Social Services
- That's, you know, based on actuarial analysis.
- It also, the language also requires that the department do a study and make a report of what prisons
- Why did the House reject the Senate offer to require a study of return on investment of privatization
- study of the modifications made on the FRS in this bill.
Summary:
The House convened with prayer, a moment of silence for former Senator Don Childers, the Pledge of Allegiance, and recognition of Officer Antonio Richardson as law enforcement officer of the day. The chamber announced it would take up 11 budget conference committee reports, with no third-reading bills or special-order calendar items. Members were reminded that conference reports were subject to debate but not amendment, and that the required review periods had been satisfied.
The first major action was on HB 7031E, the tax package. Representative Duggan explained that the conference report included a mix of retained, modified, and new tax provisions, including sales tax holidays, property tax and homestead-related changes, reductions in certain gaming and carbon-related taxes, changes to child care and documentary stamp tax credits, a new refund process for public works construction tax paid by universities and colleges, and other tax administration changes. Debate focused on the bill’s consumer impact, the reduction of the child tax credit from three years to one, the inclusion of firearm accessories in a sales tax holiday, the absence of gas tax relief and combined reporting, and the homestead exemption provision for certain deployed diplomatic and foreign service personnel. Critics argued the package favored niche or corporate interests over broad affordability relief, while supporters said it provided targeted tax relief and reflected conference negotiations. The House adopted the conference report and passed HB 7031E by a vote of 88-11.
The House then began presenting the conference report for HB 501E, the state budget, which totaled $114.5 billion for fiscal year 2026-27 and was described as below the prior year’s spending level while maintaining reserves. Subcommittee chairs outlined major budget areas: pre-K-12 funding included an increase in FEFP, salary increases for veteran teachers, stabilization funding, and support for declining enrollment; higher education included full Bright Futures funding, workforce programs, college operating support, university initiatives, and school guardian expansion; IT funding focused on Palm, ACCESS, APD’s I-Connect replacement, corrections systems, emergency management systems, and cybersecurity grants; health care funding covered Medicaid, nursing home rates, waiver provider increases, ADAP funding and restructuring, child welfare, and behavioral health; transportation and economic development included housing, cultural grants, jobs and rural infrastructure, Visit Florida, Space Florida, highway patrol equipment, and local transportation projects; justice funding included correctional construction, juvenile justice facilities, law enforcement grants, and clerk and due process reimbursements; state administration included fire stations, constrained counties, building maintenance, and Safe Florida Home; and agriculture/natural resources funding emphasized Everglades restoration, water quality, land acquisition, Florida Forever, state parks, and citrus research. Members then began questioning the budget details, including school voucher accountability, school funding formulas, public defender parity, prison technology, wastewater monitoring in prisons, ADAP policy, SNAP fraud controls and AI-assisted verification, Florida Forever funding, school lunch funding, and coral reef restoration. No final vote on HB 501E appears in the transcript excerpt.
VT
Transcript Highlights:
- consultants, temporary employees, and other providers of research, scientific, financial, economic, actuarial
- research, scientific, financial, of research, scientific, financial, economic,<00:08:55.600>
actuarial - ,<00:08:56.400>
accounting, <00:08:57.000>or economic, actuarial, accounting, or economic - , actuarial, accounting, or engineering<00:08:57.760>
services.
Summary:
The House took up two committee of conference reports. On House Bill 639, relating to genetic data privacy, members suspended the rules for immediate consideration and adopted the conference report. The conference compromise settled a dispute over cure periods by allowing a 30-day cure period for business activities of genetic data privacy businesses, effective January 1, 2027, with the cure period lasting 18 months and then repealing on June 30, 2028. A House member explained the House had sought a narrower cure period than the Senate, and the final report was adopted by voice vote.
The House then suspended the rules to take up House Bill 710, relating to defining electricity generating facilities, and also adopted that conference report by voice vote. The bill updates the definition of a “single plant” to focus on facilities using the same point of interconnection, clarifies the change is not retroactive and applies only to new permit and certificate applications, and adds a Department of Public Service report on farmland conversion to solar by January 15, 2027. It also expands Public Utility Commission hiring authority for complex renewable energy cases, creates a decommissioning fund for abandoned clean energy facilities, requires the PUC to report on the decommissioning fee formula, and sets an effective date of July 1, 2026. The conference committee reported unanimous support.
After the two reports were adopted, the House stood at ease, then returned briefly for announcements. Members offered remarks thanking the Speaker for her service after news she would not run again, invited members to view an end-of-year legislative slideshow, and wished a member from Randolph a happy birthday. The House then adjourned until the next day at 10:00 a.m.
TX
Texas 89th 2nd C.S.
Pensions, Investments & Financial Services Mar 31st, 2025
Pensions, Investments & Financial Services
Transcript Highlights:
- That preserves the actu actuarial stability of the fund.
- To preserve the actuarial soundness of the program, the bill authorizes TRS to impose a risk stabilization
- Uh, the fund's actuary has reviewed the bill and has confirmed that the bill would have no effect on
- the fund's unfunded actuary liability.
AL
Alabama 2025 Regular Session
Alabama Contract Review Legislative Oversight Committee Feb 6th, 2025
Transcript Highlights:
- scope of work required to lead and direct a randomized control quasi-experimental design efficacy study
- I tried, but Kathleen is the only one that can direct a randomized controlled quasi-experimental study
- . ...a randomized controlled quasi-experimental design efficacy study.
- if they apply for the grant and receive it, we contract with them for the funding, and we get this study
- Yes, sir, we... ...and we get this study back.
NM
New Mexico 2025 Regular Session
IC - Legislative Health and Human Services Nov 6th, 2025
Legislative Health & Human Services Committee
Transcript Highlights:
- Our actuaries conducted a rigorous review to ensure the rates are actuarially sound, not unfairly discriminatory
- We would have to wait for the superintendent and our chief actuary. Okay.
- The superintendent is joining via Zoom, and our chief actuary will be here in person.
- Until we get the actuary in here, and then we'll get the superintendent.
TX
Texas 89th Regular
Appropriations - S/C on Articles I, IV, & V Mar 5th, 2025
Appropriations - S/C on Articles I, IV, & V
MN
Minnesota 2025 1st Special Session
House Workforce, Labor, and Economic Development Finance and Policy Committee 2/13/25 - Part 1
Workforce, Labor, and Economic Development Finance and Policy
Transcript Highlights:
- qualifying conditions are more robust, based on the discrepancies between fiscal calculations and actuarial
- analysis of the structure of Actuarial analysis of the structure of the<00:08:21.680>
program - Hunter said, what do the studies say? She said there are no studies.
- Hunter said, what do the studies say? She said there are no studies.
- Economic studies show that access to paid leave increases the likelihood that workers will return to
OK
Oklahoma 2026 Regular Session
Retirement and Government Resources Feb 10th, 2026 at 10:30 am
Retirement and Government Resources
Transcript Highlights:
- We do have some actuarial data on this that shows it still is going to have a bit of a hit to the fund
- Actuarials, as we did on the last one, because those actuarials were unacceptable to the standard of
- We need to make sure we're looking at what those actuarials state.
Keywords:
nondisclosure agreements, state employment, employee rights, transparency, government accountability, employee suggestions, cost savings, state agencies, incentives, performance awards, efficiency, Oklahoma Central Purchasing Act, state procurement, state purchasing, State Purchasing Director, Office of Management and Enterprise Services, OMES, exempt entities, purchasing exemptions, state contracts
TX
Transcript Highlights:
- This is the last remaining statewide pension system program that is not actuarially sound.
- will change that in that it would provide a statutory framework for the. the state to provide an actuarially
- Similar to the IRS pension reform in 2021, it would require the state to pay a layered, actuarially determined
- It would also require the unfunded actuarial accrued liability to be depreciated.
Keywords:
SB 868, rural volunteer fire department assistance program, volunteer fire department assistance fund, Texas Government Code, wildfire, wildland fire, high-risk wildfire area, fire suppression, rural fire departments, volunteer firefighters, emergency response, public safety, grant allocation, appropriations, disaster preparedness, tax penalties, interest calculation, overpayment, tax law, refund process