Video & Transcript Research : 'retirement contributions'

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AL

Alabama 2026 Regular Session

Alabama House Ways and Means General Fund Committee Feb 25th, 2026

Ways and Means General Fund

Transcript Highlights:
  • This is no additional retirement. Just leave on." "Any questions? We have a motion. Second.
  • This is no additional retirement. Just leave on." "Any questions? We have a motion. Second.
  • Uh, but this amends existing code related to public corruption to use retirement contributions made by
  • This amends existing code related to public corruption to use retirement contributions made by a public
  • And further to say that any other retirement plan administered by the Retirement System of Alabama used
HI
Transcript Highlights:
  • Seeing none, we'll be moving on to HB 1662, relating to allowance on service retirements.
  • The Employees' Retirement System in the State of Hawaii provides enhanced retirement benefits for certain
  • </c> clarifying [snorts] retirement clarifying [snorts] retirement classification<00:46:07.040><c> continuity
  • law while preserving integrity of the Employees' Retirement System.
  • Moving on to HB 1662 relating to allowance on service retirements.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Public Service Jun 3rd, 2026

Joint Committee on Public Service

Transcript Highlights:
  • to continue to serve as chief of the department until he reaches the age of 68, the date of his retirement
  • I had to kind of check in with someone on retirement age and how we got to this place.
  • And I think it was that the required retirement age for, was it state police, was 50.
  • affords him full 11F status pay and benefits until he is able to return to work in Chelmsford or retire
  • We're here today to testify on Senate Bill 3051, an act relative to certain retirement benefits to be
ND

North Dakota 2025-2026 Regular Session

House Government and Veterans Affairs Apr 16th, 2025 at 02:30 pm

Government and Veterans Affairs

Transcript Highlights:
  • And then the aggregated contributions remain the same. And that's about it.
Bills: SB2156
Summary: The committee met to reconsider and further amend Senate Bill 2156, a campaign finance/reporting bill tied to Secretary of State filing requirements and new software implementation. Members and legislative counsel explained that the bill would keep current law in place for 2025, then take effect January 1, 2026, when the new system is expected to be ready. Discussion focused on hard reporting dates, how year-end and quarterly reports would be handled, which entities must disclose balances, and clarifying that some provisions apply to statewide political parties and certain political committees but not to candidates or candidate committees in the same way. Representative Steiner walked through the amendment, describing it as mostly technical and intended to align reporting deadlines with fixed calendar dates, simplify compliance, and preserve existing treatment for some balance disclosures. Members asked about public availability of certain filed information, the meaning of references to beginning and ending balances, and whether the new fines and other provisions would also be delayed until 2026. Legislative counsel said the bill’s effective date would cover the entire act and noted some disclosure questions were not clearly answered in current law. The committee adopted the amendment and then approved Senate Bill 2156 as amended on a do-pass motion. The roll call was unanimous, and the chair adjourned the meeting, noting the changes were intended to help the Secretary of State’s office and candidates transition to the new reporting system.
ND

North Dakota 2025-2026 Regular Session

House Government and Veterans Affairs Apr 14th, 2025 at 03:30 pm

Government and Veterans Affairs

Transcript Highlights:
  • transactions that have taken place in 2025, you report off of the law that it was when you were receiving contributions
Bills: SB2156
Summary: The subcommittee met to review amendments to a campaign finance bill, focusing on reporting requirements for ending balances and annual statements. Members and staff worked through whether the language should apply to all multi-candidate committees or only statewide multi-candidate committees, and whether the addition of non-statewide political parties created any unintended change from current law. Dustin Richard from the Secretary of State’s office explained that the draft needed to be tightened to mirror existing law by inserting “statewide” where appropriate, while keeping the new non-statewide political party provisions as intended. The committee also discussed an effective date and application clause. Staff explained that an effective date of January 1, 2026 would align with the new reporting requirements, and that 2025 transactions would still be reported under the old law while 2026 transactions would follow the new rules. Members asked for plain-language clarification about how the application clause would work and whether any statutory cleanup would be needed afterward. A motion was made, seconded, and approved to adopt the amendments, with the motion then rephrased to refer to the “Dustin amendments.” The meeting concluded with scheduling discussion about reconvening later in the week to keep the bill moving before the deadline, followed by adjournment.
ND

North Dakota 2025-2026 Regular Session

House Government and Veterans Affairs Apr 9th, 2025 at 11:01 am

Government and Veterans Affairs

Transcript Highlights:
  • I said contributions and expenditures exceeding $250.
  • , the date the last contributed amount was deposited.
  • This one does say following the receipt of a contribution or aggregate contribution, not deposit.
  • Just get an extra $200 contribution and call it good.
  • And that is contributions only. This would be the... Contributions and expenditures.
Bills: SB2156
Summary: The subcommittee met to review HB 2156, which reorganizes North Dakota campaign finance disclosure law by repealing Chapter 16.1 and moving the provisions into a new Chapter 16.2 with mostly technical cross-reference updates. Legislative Council and the Secretary of State’s office walked through the bill section by section, explaining that most language is carried over from current law, with some cleanup to definitions, reporting requirements, public access rules, and filing procedures. The committee discussed how the new chapter would apply to candidates, candidate committees, political committees, political parties, ballot measure groups, and conduits. Several substantive issues were raised and adjusted during the discussion. Members questioned the open-records language for expenditures and contributions over $250, the use of “deposit” versus “receipt” as the reporting trigger, and whether the 48-hour supplemental reporting deadline should be changed to three calendar days; the group ultimately favored keeping 48 hours and using “deposit” consistently. They also clarified reporting dates, including changing one special-election deadline from 40 days to 39 days, and confirmed that balances of campaign funds would be reported but not made publicly available. The Secretary of State’s office also explained that the bill would make late fees public and that the chapter-wide penalty for willful violations remains a Class A misdemeanor. The main policy change debated at length was the late-filing fee schedule. Members expressed concern that the existing penalties were too low to deter intentional non-filers, and after discussion the committee agreed to increase the final late fee from $100 to $500 while keeping the new public posting of delinquent filers. The committee also reviewed an inflation-adjustment provision for reporting thresholds and the “ultimate true source of funds” language, which was described as existing law being carried into the new chapter. The meeting ended with the understanding that additional drafting changes would be made and that the bill would be ready for further committee action later in the week.
OK

Oklahoma 2026 Regular Session

Banking, Financial Services and Pensions Feb 10th, 2026 at 03:00 pm

Banking, Financial Services and Pensions

Transcript Highlights:
  • It has moved into more: The goal is to strengthen Oklahoma's defined contribution and retirement plan
  • I mean, so we're saying that retirement plans have no benefit.
  • When they hit retirement age, oh, I'm perfect.
  • Contribution model. How does this compare with the amount?
  • Retirement best practices get you around 12% of retirement contribution.
OK

Oklahoma 2026 Regular Session

Banking, Financial Services and Pensions Feb 10th, 2026

Banking, Financial Services and Pensions

Transcript Highlights:
  • House Bill 3313 has morphed into a fairly large DC retirement bill.
  • The goal is to strengthen Oklahoma's defined contribution and retirement plan in a fiscally responsible
  • It eliminates vesting delays so employees keep what the state contributes, and it improves retirement
  • , nobody ever says when they hit retirement age, oh, I'm perfect.
  • I just know retirement best practices get you around 12% of, you know, retirement contribution by changing
Summary: The Banking, Financial Services and Pensions Committee met and announced that several bills would be laid over, including HB 4225 and HB 4263, while also noting that actuarial follow-up reports on prior referrals were still being revised. The committee then worked through a long agenda, with members frequently noting schedule conflicts and the chair alternating between bills and committee business. The meeting adjourned after the agenda was completed, with the chair saying the committee would return the following week with a longer agenda, likely including additional pension bills. Several bills related to payment processing and pension governance were heard and passed. HB 3041 would allow merchants to pass along credit card surcharges up to the amount charged by the card company, with the author noting some businesses face fees of 4% to 5%; it passed 9-0. HB 4428 and HB 4429, both dealing with shareholder proxy advisors for pension funds, passed 8-1 and 9-0 respectively; supporters said the bills would require fiduciary standards and transparency, while the speaker referenced opposition from GreenAmerica.org as evidence of the bill’s value. HB 3028, which lets technology center districts and public schools pass on credit card service fees, also passed 7-0. The committee also advanced several pension-related measures. HB 3265, requested by the Police Pension Board, defines who qualifies as a mental health specialist for disability evaluations; testimony explained the change would let the board use psychologists because psychiatrists are harder to contract with, and the bill passed 7-0. HB 3721 would adjust the DROP benefit for public safety officers so surviving spouses can claim it if the officer dies before electing the option; the author said it has no actuarial cost, and it passed 7-0. HB 3313, a defined contribution retirement bill, would raise contribution levels, eliminate vesting delays, and add retirement planning and lifetime income options; members questioned whether it would affect retention or other retirement plans, and it passed 8-0. Other bills addressed creditors, housing, and financial exploitation. HB 3588, a Uniform Law Commission request bill on assignment for the benefit of creditors, was described as codifying existing case law and passed 8-0. HB 1064, which would restrict large institutional investors from buying single-family homes in Oklahoma, was amended in concept during discussion to narrow the hedge fund definition and remove a resale requirement; supporters framed it as protecting homeownership, while opponents raised concerns about restricting sales and the evidence for housing impacts, and it passed 5-2. Finally, HB 3020, the Protections for Financial Exploitation of Protected Adults Act, would let financial institutions place temporary holds and act in good faith when they suspect fraud against vulnerable adults; members asked about training and safeguards, and it passed 9-0.
OK

Oklahoma 2026 Regular Session

Joint Committee on Appropriations and Budget Apr 13th, 2026 at 04:30 pm

Joint Committee on Appropriations and Budget

Transcript Highlights:
  • This one is for a teacher’s retirement system.
  • For those who have been retired at least eight years as of June 30, there is a 3% increase.
  • I think it's contributed significantly to our economic diversification.
  • adjustment for those retired more than 20 years.
  • COLA for retired judges: 3% for those with 10 to 20 years, and 6% for those over 20 years.
OK

Oklahoma 2026 Regular Session

Joint Committee on Appropriations and Budget 3rd Revised Apr 13th, 2026 at 04:30 pm

Joint Committee on Appropriations and Budget

Transcript Highlights:
  • We speak directly with the Teacher Retirement System, and these numbers came from them.
  • I know a lot of retired firefighters and retired law enforcement and other public employees that have
  • Retired.
  • It's my understanding that the retirement benefit would not Affect those.
  • So we appropriate to each agency for them to make the 16.5% contribution.
OK

Oklahoma 2026 Regular Session

Joint Committee on Appropriations and Budget Apr 13th, 2026

Joint Committee on Appropriations and Budget

Transcript Highlights:
  • This one's for a teacher's retirement system.
  • For those who have been retired at least eight years as of June 30, there is a 3% increase.
  • For those who have been retired at least 10 years, in the 10-year to 20-year range, it's a 3% COLA.
  • I think it's contributed significantly to our economic diversification.
  • adjustment for those retired more than 20 years.
Summary: The Joint Committee on Appropriations and Budget met to consider a long agenda of appropriations, retirement COLAs, revolving funds, and limits bills. Early actions included Senate Bill 1144 and Senate Bill 1145, which provided cost-of-living adjustments for retired teachers and OPRS retirees, respectively, and Senate Bill 1146, 1147, 1148, and 1149, which extended similar retirement benefit increases or a one-time stipend for law enforcement, firefighters, judges, and certain retired police and firefighters. The committee also advanced bills funding the Pardon and Parole Board, OSBI cybercrimes and fraud work, juvenile medication, and several agency limits bills for Health Care Authority, Health Department, Mental Health and Substance Abuse Services, and DHS. Members also heard and passed a series of education, public safety, and economic development measures, including funding for school security at the School for Science and Math and the Schools for the Blind and Deaf, support for National Board certified teachers, and appropriations for the Rural Health Transformation Program, the Decennial Census Revolving Fund, Task Force One, and the Oklahoma State Bureau of Investigation forensic center. Several bills created or expanded revolving funds and financing tools, including military readiness and aviation funds, a taxpayer endowment trust fund, water infrastructure loan and REAP-related measures, and a revised non-coal mining fee structure. The committee also approved a bill increasing court reporter pay and another reducing employer contributions to the retirement system after it reached over 100% funding. There was notable discussion on a $5 million film-related pilot program for sitcom production, with questions about the amount and certification requirements, and on a rural economic development package that included money for the state fairgrounds and a university energy plant, which drew objections over whether those projects fit the intended purpose of rural prep funds. Other debated items included a bill directing funds to the Oklahoma Dream Act/Trump accounts, a bill rejecting judicial pay increases recommended by the Board of Judicial Compensation, and a proposal to move $200 million from the stabilization fund into a new Taxpayer Endowment Trust Fund. Most measures were reported out with due pass votes, though several drew dissenting votes, including the film bill, the fairgrounds/economic development bill, the water projects bill, and the trust fund and judicial pay measures. The committee adjourned after completing the agenda.
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
  • Chairman, members, Senate Concurrent Resolution 1033 encourages the Arizona State Retirement System and
  • the Public Safety Personnel Retirement System to monitor digital asset exchange-traded funds and make
  • I think that the legislature, with this bill, will be making clear that it wants retirement systems to
  • Cryptocurrency is extremely volatile, and it is not something that we should be risking the retirements
DE

Delaware 2025-2026 Regular Session

House Appropriations Committee Meeting Jun 23rd, 2026

Appropriations

Transcript Highlights:
  • Under current policy, families contribute the same percentage of income regardless of whether their child
  • It allows married couples filing jointly, where both spouses have been in the military and both retired
  • 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.
TX
Transcript Highlights:
  • We want to recognize the contribution. of three former chairs of the Texas Ethics Commission.
  • People who are already retired or whether it'll be people who just are retiring under the new adjustments
  • Are you a retired judge? I'm kidding. I'm kidding. I'm kidding. I'm kidding. I'm kidding.
  • I can say that on February 26th of 24, you disclosed 31,000. $874 in contributions maintained.
  • Your next four reports. disclosed no expenditures, but no contributions maintained.
Summary: In the latest meeting of the Texas Ethics Commission, significant discussions centered around newly passed legislation, specifically HB18 and SB12. HB18 introduces a civil penalty for members who accept political contributions while absent from the state, addressing potential obstructions to legislative actions. Senators and commissioners engaged in an in-depth dialogue about the implications of this bill, with many expressing concerns regarding enforcement and compliance. In contrast, SB12 expands the jurisdiction of the Attorney General to prosecute criminal election offenses, further tightening the oversight of election activities. The meeting concluded with acknowledgement of the efforts put forth by previous commission chairs, highlighting their contributions to the commission's success.
AZ

Arizona 2026 Regular Session

03/04/2026 - Senate Education

Education

Transcript Highlights:
  • instructors, obviously that's private resources being used: their time and expertise that they are contributing
  • compensation that was given to her in the form of buying back time that they had in another state's retirement
  • The school district and the school board... ...time that they had in another state's retirement system
TX
Transcript Highlights:
  • it keeps those corporate contributions in an account separate from... ...contributions from individuals
  • It operates in multiple states and uses the corporate contributions in states where corporate contributions
  • are permissible to make direct contributions.
  • cannot make contributions to Texas candidates.
  • Numbers of contributions in and expenditures out do not total with the contributions remaining on the
Summary: The meeting focused on the Texas Ethics Commission's (TEC) evaluation of legislative recommendations and personnel updates, including the appointment of a new general counsel and discussions about upcoming quarterly meetings. Commissioner Schmidt reported on the progress of various bills, including amendments to existing laws, the need for increased regulation on foreign lobbying, and the publication of new rules in the Texas Register. Public testimonies were heard regarding compliance issues and proposed changes in political contribution regulations. The Commission agreed to schedule further review on the legislative items discussed and the proposed rule amendments.