Video & Transcript Research : 'Deferred Retirement Option Program'

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OK
TX

Texas 89th Regular

Pensions, Investments & Financial Services Apr 28th, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • It applies to participants in the employee's retirement system, the teacher retirement system, and the
  • uniformed services. group insurance program.
  • DROP stands for Deferred Retirement Option Program, which allows a person to defer retirement when they
  • So that means you can retire and keep working. That's correct.
  • Additionally, the member would be eligible to enter the Deferred Retirement Option Plan once they reach
OK

Oklahoma 2026 Regular Session

Senate Legislative Session Feb 17th, 2026 at 01:30 pm

Oklahoma Senate Floor Meeting

Transcript Highlights:
  • In the south gallery, we've got a group of emerging leaders from Leadership MORE This is a program I
  • If you would, Donnie's been at putting this program together here at the capitol for about 20 years.
  • They want to have control over the program so they can grow it and make it better.
  • New Mexico has a program similar to this. If you say it, I'll believe it.
  • It's been a while since we saw this bill last year, but I was just curious for Childcare programs that
AL

Alabama 2025 Regular Session

Alabama House Public Safety and Homeland Security Committee Feb 26th, 2025

Public Safety and Homeland Security

Transcript Highlights:
  • Under existing law, any person who retires in good standing as a law enforcement officer or investigator
  • officers to be certified shall receive his or her badge. ...and pistol as a part of his or her retirement
  • This bill would provide that any individual who retires in good standing as a law enforcement officer
  • . ...officers to be certified shall receive his or her badge and pistol as a part of his or her retirement
  • The substitute, basically, in case... ...the agencies can't afford the pistol, they'll give an option
OK

Oklahoma 2026 Regular Session

Revenue and Taxation Feb 16th, 2026 at 01:30 pm

Revenue and Taxation

Transcript Highlights:
  • This bill simply gives Oklahoma state retirement systems the option, not a requirement, to consider limited
  • Chairman, just for clarification, this is only within the retirement systems.
  • Page two, line 21 says any state retirement system may invest in digital assets.
  • Should that say any state retirement system may invest in digital assets?
  • I think that we can support this a lot of those options.
ND

North Dakota 2025-2026 Regular Session

Senate Appropriations Apr 3rd, 2025 at 08:30 am

Appropriations

Transcript Highlights:
  • Section 4 applies to the Public Employees Retirement System, Uniform Group Insurance Program, or, for
  • the chair and vice chair, which of course Senator Bekkedahl is the vice chair of Employee Benefit Programs
Bills: SB2271, HB1216
Summary: The Appropriations Committee met with a quorum and took up three bills. House Bill 1216, dealing with prescription drug expense co-pay accumulators in health plans, was presented by Rep. Karen Carl’s, who explained it would prevent insurers from refusing to count third-party assistance toward deductibles for patients using high-cost, non-generic drugs. An amendment was offered to clarify effective dates, including a delayed January 1, 2026 start for PERS coverage. PERS testified that the amendment would align with its calendar-year benefit structure and likely reduce the fiscal note. The amendment was adopted 16-0, and the bill was set aside for further discussion later. House Bill 1199, creating a criminal justice data-sharing system and missing persons/missing Indigenous people task force, was introduced with a committee amendment changing the Attorney General reference to the Attorney General or designee. The committee noted the bill includes a $250,000 general fund appropriation for ongoing costs. The amendment passed 16-0, and the amended bill received a do pass recommendation by a 15-1 vote, with one no vote from Senator Magrum. House Bill 1531, appropriating $75,000 for an irrigation expansion study by the Agriculture Commissioner, was supported as a way to update older economic-impact studies on irrigation and assess opportunities for expansion. Members discussed its relationship to broader study pauses and the history of irrigation development in the state, including Garrison Diversion and remaining authorized acres. The bill passed 16-0. The committee then discussed scheduling for the coming week, noting a heavy bill load and plans for daily morning meetings before adjourning.
LA

Louisiana 2026 Regular Session

House of Representatives Mar 25th, 2026

Louisiana House Floor Meeting

AL

Alabama 2025 Regular Session

Alabama Senate Finance and Taxation Education Committee Apr 30th, 2025

Finance and Taxation Education

Transcript Highlights:
  • Numeracy still, as we do the statewide build-out of that program, that's still in Out of that program
  • Higher education has agreed to provide oversight for these programs.
  • They have to meet at least three times and establish two programs.
  • —16 million gone. ...in the breakfast program—16 million gone.
  • Retirement people don't even have a... Retirement people don't even have a metric.
TX
Transcript Highlights:
  • Applicable to broadcasting and live and pre-recorded television radio programs it helps ensure franchise
  • . allow for expenditures on behavioral health services, mental health personnel and support. and programs
  • Texas schools must have staffing, resources, and programs necessary to effectively address the challenges
  • of district to ensure greater public knowledge of judicial workloads eligibility requirements for retired
  • Hartway, Director for Customer Benefit for the Employer's Retirement System.
Bills: SB260, SB263, SB293, SJR18
OK
Transcript Highlights:
  • The money will go for different things, and one of them is an indigent burial program that they have.
  • Senate Bill 134 allows a retired member of the Oklahoma Public Employee's retirement system to please
  • The assumption is if 2% of the current employees retire early and cause an impact of 0.02 or approximately
MN

Minnesota 2025-2026 Regular Session

House Human Services Finance and Policy Committee 4/1/25

Human Services Finance and Policy

Transcript Highlights:
  • retirement program.
  • <00:05:06.560> program<00:05:07.520> it<00:05:07.759> invests retirement program
  • it invests retirement program it invests $350,000<00:05:09.720> to<00:05:09.919> create
  • <00:05:16.720> program Divine contribution retirement program Divine contribution retirement
  • So many care workers have no retirement, and so this would be a huge step forward funding for these programs
AL

Alabama 2026 1st Special Session

Alabama House Ways and Means General Fund Committee Mar 18th, 2026

Ways and Means General Fund

Transcript Highlights:
  • retirement systems as well.
  • It's really going to be a big boost to their federal retirement or their state retirement, and it doesn't
  • <00:30:19.200> as uh other state uh retirement systems as uh other state uh retirement systems
  • big boost to their their federal retire big boost to their their federal retire or<00:30:29.520>
  • :31.360> and<00:30:31.679> it or their uh state retirement and it or their uh state retirement
LA

Louisiana 2026 Regular Session

Finance May 27th, 2026

Finance

Transcript Highlights:
  • So TOPS Tech is restricted to specific programs, and so only those programs would be eligible.
  • Some of the programs maybe you have to.
  • We'll report you; we'll have to defer. I would think you would come back. We'll have to defer.
  • If they decide the program is a larger program, they can come back to this body for funding to do that
  • a local program to Orleans Parish.
DE

Delaware 2025-2026 Regular Session

House Appropriations Committee Meeting Jun 23rd, 2026

Appropriations

Transcript Highlights:
  • This creates the state's new freshwater wetlands program and it combines it with a current wetlands program
  • , including 38 before- and after-school programs, with ...licensed programs, including 38 before-and-after-school
  • I retired on active duty in 2006.
  • I retired on active duty in 2006.
  • Delaware is a retirement state. The majority of the people that live here are retired.
Bills: SB219, SB9
Summary: The House Appropriations Committee met to hear several bills, with members repeatedly reminded to focus on fiscal impacts rather than policy merits. The committee first considered SB 9 on freshwater wetlands, which would combine tidal and non-tidal wetlands programs into one permitting framework; supporters said the bill resulted from a two-year consensus process and that the governor’s office and DENREC would absorb a significant share of the cost. Public testimony was largely supportive, emphasizing flood control and ecosystem services, though one speaker opposed the spending. The committee voted to release SB 9. The committee then heard SB 278 on child care assistance, which would preauthorize summer camp for eligible school-age children and create a separate lower co-payment for half-day care. The sponsor and the YMCA of Delaware said the change would better align family co-pays with provider reimbursement and make before- and after-school care more affordable for working families. The committee also released SB 278, SB 168 on alcohol delivery for package stores, SB 120 on health insurance coverage for certain testing and treatment, and HB 4, a pilot program for artificial intelligence and extended reality in schools; HB 4 was described as having a near-$3 million fiscal note and a one-year implementation delay because it was not funded in the budget. Later, the committee approved SB 219, which gradually increases the military pension income tax exclusion from $12,500 to $25,000 over three years and includes related joint-filing and residency changes. Supporters argued it would help attract and retain military retirees and bring federal dollars into the state. The committee also released SB 1, a major primary care reform bill that would increase primary care spending and implement hospital payment reforms, with projected long-term savings to the state employee health plan, and SB 325, which expands background checks and wrap-back monitoring for fire service personnel and adds an investigator position for the Fire Prevention Commission. In each case, public commenters and committee members generally supported the bills, and all were released from committee by recorded vote.
AZ

Arizona 2026 Regular Session

03/25/2026 - House Ways & Means

Ways & Means

Transcript Highlights:
  • Senate Bill 1042 allows members of the state treasurer or a state retirement system to invest in virtual
  • And if we can't do option one, would you be open to at least consider option two on the floor?
  • I'm conservative in the sense that when the federal government makes large spending programs, whether
  • So to only conform when it's tax cuts and not when it's trying to pay for spending programs, I don't
  • Cuts and not when it's trying to pay for spending programs. I could not be a yes on that.
Summary: The House Ways and Means Committee considered a series of Senate bills and one concurrent resolution, with several measures involving virtual currency, county tax liens, tax conformity, and retirement system investments. The chair announced that Senate Bill 1503 would be held at the sponsor’s request and noted this was likely the committee’s last meeting of the session. The committee also heard testimony on Senate Bill 1042, which would allow state treasurer and retirement system funds to invest up to 10% in virtual currency holdings, and Senate Bill 1043, which would allow state agencies to accept virtual currency payments through agreements with providers. Members raised concerns about volatility and government involvement, but both bills were described as permissive rather than mandatory and were returned with due pass recommendations by 5-3 votes. The committee then took up Senate Bill 1067, dealing with county cleanup assessments for blighted properties in unincorporated areas. Chairman Olson offered an amendment removing the bill’s property-tax-bill mechanism and instead preserving county liens so cleanup costs could survive a tax lien sale. County representatives and the County Supervisors Association supported the amended approach as a way to recover costs and make counties whole. The amendment was adopted unanimously, and the bill as amended passed 8-0. Senate Bill 1292, clarifying that the Public Safety Personnel Retirement System’s 5% voting-stock cap applies to publicly traded corporations, also passed with broad support after testimony from PSPRS. Two tax-administration bills prompted extended debate. Senate Bill 1180 would direct the Department of Revenue to prepare tax forms based on conformity to the Internal Revenue Code unless the legislature enacts nonconformity; Chairman Olson’s amendment limited the presumption to provisions that reduce federal adjusted gross income or taxable income, reflecting concerns about automatic tax increases. The sponsor said the bill was meant to clarify legislative intent and prevent executive overreach, while several members said the amended version was materially different from the original. The amendment and the bill as amended both passed 5-3. Senate Bill 1221 would require DOR to notify the House Ways and Means and Senate Finance chairs before adopting new interpretations or applications of tax law that adversely affect taxpayers and to testify if hearings are held; an intent amendment was adopted, and the bill passed 5-3 amid debate over the meaning of “adversely.” Finally, Senate Concurrent Resolution 1033, which encourages the Arizona State Retirement System and PSPRS to monitor digital asset exchange-traded funds and report on feasibility, risks, and benefits before the next session, was approved 5-3. Some members objected to the use of “encourage” and to the underlying cryptocurrency policy, while supporters said the resolution simply sought information and did not mandate investment. The committee then adjourned.
AZ

Arizona 2026 Regular Session

02/04/2026 - House Ways & Means

Ways & Means

Transcript Highlights:
  • There is no option at this point. Glad to answer any questions. It's not.
  • There is no option at this point. Glad to answer any questions. Any questions for Mr. McCarthy?
  • There is no option at this point. Glad to answer any questions. Any questions for Mr. McCarthy?
  • Everyday Arizonans rely on programs like Access, AHCCCS, and the ACE.
  • the Arizona State Retirement System premium benefit subsidy.
Summary: The committee first heard House Bill 2785, a tax conformity measure that would update Arizona statutes to conform to the Internal Revenue Code as of January 1, 2026, including retroactive provisions for tax year 2025. The sponsor and supporters said the bill would align state law with tax forms already issued by the Department of Revenue, provide certainty to filers, and deliver about $440 million in tax relief through provisions such as no tax on tips and overtime, a larger standard deduction, and a $6,000 senior deduction. Opponents argued the bill would significantly reduce state revenue, disproportionately benefit higher-income taxpayers, and should be considered alongside a broader budget plan. After debate and an amendment addressing retroactivity and foreign dividends, the committee approved HB 2785 on a 5-4 vote. The committee then took up several Arizona State Retirement System and education savings bills. HB 2089 clarified the health insurance premium benefit subsidy for retirees and passed unanimously. HB 2090 changed the disability determination period for long-term disability benefits from 24 months within a five-year period to a straight 24-month period and passed 8-1. HB 2092 allowed employees over age 65 to waive ARS participation within 30 days of becoming eligible and also passed 8-1. HB 2477 conformed Arizona’s 529 education savings plan to federal law, including expanded uses and a permanent rollover to ABLE accounts and Roth IRAs; testimony supported the cleanup and simplification, but some members raised concerns about the Roth rollover and possible use of transferred ESA funds. HB 2477 passed 5-3 with one present vote, and the committee then adjourned.
OK

Oklahoma 2026 Regular Session

Appropriations Feb 25th, 2026 at 02:30 pm

Appropriations

Transcript Highlights:
  • Senate Bill 1847 allows individuals who qualify for the Advantage Waiver Medicaid program to reside in
  • Senate Bill 1360 directs the State Department of Education to establish a three-year pilot program putting
  • Talking to OwRB, there's some other programs They have that.
  • Hopefully, when we see this moving forward, so as far as any infrastructure water programs through the
  • would still work the way that some of their other programs work.
OK

Oklahoma 2026 Regular Session

Senate Legislative Session Apr 14th, 2026 at 01:30 pm

Oklahoma Senate Floor Meeting

Transcript Highlights:
  • That would modify the very program they're asking for way more money for. Mr.
  • That's all we're asking to do is be able to manage the program better. Follow up.
  • You've used the phrase 'manage the program,' and so my assumption is if you're going to manage this program
  • Senator, I'm not the one that would be running that program.
  • to school safety programs, can you tell us what the difference is?