Video & Transcript Research : 'retirement offset'
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AL
Alabama 2025 Regular Session
Alabama Senate Fiscal Responsibility and Economic Development Committee Apr 1st, 2025
Fiscal Responsibility and Economic Development
Keywords:
Jefferson County, pistol permit, gun permit, firearm license, concealed carry, carry permit, sheriff, permit fee, local bill, county revenue, school funding, school security, retirement system, Sheriff's Fund, legislative delegation office fund, Gardendale, Birmingham, firearms regulation, Second Amendment, local government finance
TX
Bills:
HB1057
Keywords:
teacher salary, retirement benefits, career education, work experience credit, Texas Education Code
Summary:
The Senate committee met, established a quorum, and took up House Bill 1057, sponsored in the Senate by Senator Adam Hinojosa. Hinojosa explained that the bill would expand the amount of prior industry experience that can count toward TRS and salary step credit for career and technology education teachers, increasing the cap from two years to five years. He said the change is intended to help recruit and fairly compensate skilled professionals such as electricians, nurses, welders, and programmers, and to address teacher shortages beginning in the 2025-2026 school year.
No members asked questions, and no one signed up to testify. The committee then voted to report HB 1057 favorably to the full Senate. The motion passed unanimously, 13 ayes and 0 nays, and the chair announced the committee would stand recessed subject to call.
ND
North Dakota 2025-2026 Regular Session
House Industry, Business and Labor Apr 8th, 2025 at 02:45 pm
Industry, Business and Labor
Transcript Highlights:
- Rebecca Frickie, Executive Director of the Public Employees Retirement System.
- PERS Board that maybe offsets 75% of the increased cost, and maybe we bear some of it as well.
- And to me, retirement and employee benefits was my profession for many, many years.
- Representative Johnson, first of all, on the retirement plan, that was for new employees.
- They're different, like retired members. They pay smaller dues.
Bills:
SB2160
Keywords:
health insurance, public employees, uniform group insurance, retirement, state employees, 908, all
Summary:
The committee resumed work on Senate Bill 2160, which would move the Public Employees Retirement System health plan from grandfathered to non-grandfathered status under the Affordable Care Act. PERS officials Rebecca Frickie and Derek Holbein explained that the bill would allow more flexibility in plan design, including higher deductibles, co-pays, and out-of-pocket maximums, while also adding enhanced preventive benefits. They clarified that ACA “essential health benefits” apply to individual and small-group markets, not to PERS as a large employer, and that the bill’s projected cost increases were based on actuarial estimates and prior bid scenarios from Sanford and Blue Cross Blue Shield.
Members debated whether the bill would actually save money or simply shift costs to employees. Supporters argued that non-grandfathered status would create more levers to manage medical inflation and could produce net premium savings through plan redesign, citing prior bid comparisons showing potential reductions of 1% to 8% depending on the option. Opponents, including Representative Schauer and North Dakota United president Nick Archelette, questioned how the state would pay for the estimated $25 million to $30 million in added benefits and warned that employees could face higher out-of-pocket costs amid already strained household budgets. Frickie said the legislature would control funding decisions and that current law requiring the state to pay full family premiums could be changed only by statute.
The committee also discussed reserve funding, with members noting that a $4.3 million reserve draw in the bill was intended to cover the final months of the biennium and could be modified. After testimony and discussion, Vice Chair Johnson moved a do-pass recommendation and referral to Appropriations. The motion passed 10-3-1, with Representatives Ostlie, Schatz, and Schauer voting no. Representative Gump agreed to carry the bill.
AZ
Transcript Highlights:
- Connolly to the Arizona State Retirement System. All right, Secretary, call the roll.
- For the record, Jessica Thomas, legislative liaison for the Arizona State Retirement System.
- For the record, Jessica Thomas, legislative liaison for the Arizona State Retirement System.
- If you as legislative liaison for the Arizona State Retirement System.
- Leach has a retirement plan.
Keywords:
retirement benefits, health insurance, premium payment, Arizona State Retirement System, contingent annuitant, long-term disability, benefits limitations, disability compensation, social security, retirement system, elected officials, ASRS, eligibility waiver, age 65, property tax exemption, disability, veterans, widows, income limits, Arizona Revised Statutes
Summary:
The Senate Finance Committee met to consider several bills and two Arizona State Retirement System nominees. It first passed House Bill 2173, which allows taxpayers and tax officers to communicate electronically about proposed property tax corrections or claims, with an acknowledgement required when responses are sent electronically. The committee then recommended confirmation of Thomas J. Connolly and Charles Essex to the ASRS Board, both receiving unanimous or near-unanimous support after brief introductions and no substantive opposition.
The committee next approved several ASRS-related bills: House Bill 2089 clarifies that the ASRS health insurance premium subsidy applies only when coverage is not already subsidized; House Bill 2090 changes the disability definition tied to long-term disability benefits by removing the requirement that the 24 months occur within a five-year period; and House Bill 2092 shifts the 30-day waiver window for certain members age 65 or older from the date of hire to the date they become eligible to participate. All three passed on largely party-line or near-unanimous votes. The committee also passed House Bill 2120, with a technical amendment, allowing Social Security Administration disability determination letters to be used to certify eligibility for the property tax exemption for persons with disabilities.
House Bill 2693 drew the most debate. It revises Arizona’s bona fide association health plan and multiple employer welfare arrangement provisions to align with ERISA rather than the rescinded 2018 federal AHP rule, and an amendment added a feasibility study by the Arizona Department of Administration on state employee and school district health plans. Supporters argued the bill would expand affordable, voluntary coverage options for small businesses and increase buying power; opponents raised concerns about consumer protections, preexisting conditions, and the history of association health plans. The committee ultimately passed the bill as amended on a 5-1 vote.
Later, the committee passed House Bill 2138, which clarifies that workers’ compensation coverage for firefighters traveling directly to or from work applies to state, municipal, fire district, and fire authority firefighters. It also passed House Bill 2273, a one-time $300 income tax rebate for certain Pinal County residents funded from remaining escrowed transportation-related monies; members discussed whether the remaining funds should instead be directed to roads, but the bill advanced on a 3-2 vote. Finally, House Bill 2786 passed unanimously, exempting rental income from required college textbooks from transaction privilege tax under the personal property rental classification.
TX
Texas 89th Regular
Delivery of Government Efficiency Mar 19th, 2025
Delivery of Government Efficiency
Transcript Highlights:
- lot of different crimes all the time, and this is, I think we may think about, we all. closing a retired
- I'm talking about transactions that do not close a retired company. They have no protection.
- I'm a retired Air Force Cyber Operations Officer.
- I retired 10 years ago and now I was a defense contractor. 10 years working on office and defensive cyber
- I'm a retired Air Force civilian. in with nearly 35 years of experience at Security Hill in the field
Keywords:
cybersecurity, state command, information resources, data protection, incident response, information technology, classification officer, job descriptions, state positions, competency-based, information sharing, government efficiency, public sector, private sector, distributed ledger, title registry, real estate, property liens, pilot program, healthcare
KY
Kentucky 2026 Regular Session
Public Pension Oversight Board (6-1-26)
Transcript Highlights:
- retirement provisions. retirement provisions.
- retirement.
- from which they retire.
- their retirement voided by that retirement system.
- :42.240>
retirement retirement voided by that retirement retirement voided by that retirement
Keywords:
Meeting Start: 00:00:09
Attendance Roll Call: 00:01:42
Approval of Minutes: 00:03:23
Overview of Actuarial Audit Process: 00:03:47
Overview of Reemployment After Retirement Provisions: 00:25:26
Teachers’ Retirement System: 00:25:26
Kentucky Public Pensions Authority: 00:50:32
Adjournment: 01:02:55, 958, all
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.
AL
Alabama 2026 1st Special Session
Alabama House Transportation, Utilities and Infrastructure Committee Mar 11th, 2026
Transportation, Utilities and Infrastructure
Transcript Highlights:
- rate structure and then, you know, could disincentivize movement when you go up on those rates to offset
- movement when you go up on<01:00:25.119>
those <01:00:25.359>rates <01:00:25.839>offset - those<01:00:26.480>
cost <01:00:27.040>or <01:00:27.200>you on those rates offset - those cost or you on those rates offset those cost or you have<01:00:27.359>
to <01:00:27.440>
Keywords:
medical clinic board, clinic board, hospital bankruptcy, Chapter 11, bankruptcy, debt restructuring, municipal indebtedness, municipal bankruptcy, health care provider, acute care hospital, lease property, board immunity, director liability, civil liability, healthcare finance, insolvency, debt readjustment, federal bankruptcy law, Alabama Code 11-58-5.2, library materials
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
- Created by the legislature in 1997, the Fund provides... post-retirement health benefits to San Antonio
- It simplifies retirement contributions by allowing retirees to pay the Fund directly rather than through
- Upon qualifying for retirement pension from the San Antonio Fire and Police Fund, retirees and their
- Currently, statute requires Texas Public Retirement Systems.
Keywords:
gift card fraud, counterfeit gift card, gift card tampering, gift card theft, prepaid card, stored value card, retail fraud, financial crimes, consumer protection, organized retail crime, gift card skimming, magnetic stripe, chip card, redemption information, gift card packaging, Penal Code, felony theft, state jail felony, third-degree felony, second-degree felony
TX
Transcript Highlights:
- In short, this bill provides cities with an additional option to help manage retirement benefits and
- helps ensure that the Texas Municipal Retirement System (TMRS) remains a viable and attractive system
- It's a new tier established under the Texas Teachers Retirement System in 2014.
- The level of like the retirement fund targets or below it. I'm just curious.
- Restaurants need to maybe offset some of the equipment purchases and extra labor.
Keywords:
Texas Future Fund, investment review board, economic stabilization, innovative technology, national defense, retirement, service credit, Employees Retirement System of Texas, employee benefits, pension reform, salary supplement, county judges, judicial functions, state law, government compensation, public retirement systems, municipality pensions, firefighters, police officers, retirement age
KY
Kentucky 2025 Regular Session
Public Pension Oversight Board (4-28-25)
Transcript Highlights:
- It's uh good to be Retirement System.
- And then on the outflow offset that.
- General Counsel for Teachers Retirement General Counsel for Teachers Retirement System.
- first slide uh represents the retirement first slide uh represents the retirement annuity<00:37:
- assets in the retirement annuity trust. assets in the retirement annuity trust. as<00:42:27.200>
Keywords:
Meeting Start: 00:00:01
Attendance Roll Call: 00:01:26
Approval of Minutes: 00:02:27
Investment, Cash Flow, and Legislative Update:
Bo Cracraft – Judicial Form Retirement System: 00:03:12
Ryan Barrow – Kentucky Public Pensions Authority: 00:21:52
Beau Barnes – Teachers’ Retirement System: 00:34:31
Adjournment: 01:07:25, 958, all
Summary:
The meeting opened with the Pledge of Allegiance and prayer, followed by a roll call confirming a quorum and approval of the prior minutes. A special guest, Dave Eager, was welcomed before the committee moved to presentations from retirement system officials.
Bo Craycraft, executive director of the Judicial Form Retirement System, gave a quarterly update on investment performance, asset allocation, and cash flow. He said the plans had held up well amid market volatility, with fiscal year-to-date returns above benchmark and long-term returns remaining strong. He explained that the plans are targeted to a 70% equity/30% fixed-income allocation, that some cash is being held for cash-flow management, and that negative cash flow is expected because of funding and contribution levels. He also said Senate Bill 183, dealing with proxy voting and economic analysis for certain votes, was not expected to materially affect the plans because of their small number of holdings and Bear Trust’s long-term investment approach.
Ryan Barrow and Erin Surrod then presented for the Kentucky Pension Authority. They reported positive quarterly performance across the retirement and insurance funds, though results varied by period and remained tied to broader market conditions. They said recent asset-allocation changes had been completed and the funds were now within target ranges. On cash flow, they noted some plans remained negative or near zero, with one plan benefiting from a large appropriation. In the legislative update, they described House Bill 30 as codifying an exclusion from pension-spiking calculations for across-the-board raises, and Senate Bill 10 as increasing retiree health insurance subsidies and changing employee health insurance contribution rules for certain CERS members beginning in 2026. They also said Senate Bill 183 would likely have limited impact, though the agency would review voting policies and incorporate any required economic-analysis procedures.
TX
Bills:
HB1057
AL
Alabama 2026 1st Special Session
Alabama House State Government Committee Jan 21st, 2026
State Government
Keywords:
Teacher's Retirement System, TRS, DROP, Deferred Retirement Option Plan, retirement benefits, teacher retirement, classroom teacher, Tier I, Tier II, public pension, pension reform, education employees, retirement system, sick leave, cost-of-living adjustment, COLA, beneficiary, lump-sum payout, rollover, service retirement
OK
Oklahoma 2026 Regular Session
House of Representatives Second Regular Session of the 60th Legislature Day 26 Mar 17th, 2026 at 09:30 am
Oklahoma House Floor Meeting
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
Keywords:
HB2936, children, child protection, adoption, Oklahoma Adoption Code, gestational carrier, gestational agreement, surrogacy, intended parent, preplacement home study, home study, prospective adoptive parent, foster placement, child abuse, child neglect, child sexual abuse, child sexual exploitation, lewd molestation, sex offender registry, Oklahoma Sex Offenders Registration Act
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
Keywords:
Montgomery, retirement system, employees, constitutional amendment, city council, retired law enforcement, retirement benefits, employment, firemedics, salary cap, HB187, court fees, docket fee, sheriff's fund, sheriff's office, jail operations, law enforcement, county sheriff, court filing fees, Alabama Code 12-19-312
AL
Alabama 2025 Regular Session
Alabama Senate Finance and Taxation General Fund Committee Apr 23rd, 2025
Finance and Taxation General Fund
Transcript Highlights:
- It's just simply a procedure to give state employees and retired state employees a cost of living increase
Keywords:
SSUT, simplified sellers use tax, sales tax distribution, municipal revenue, municipal population, annexation, deannexation, incorporation, boundary change, federal census, decennial census, Department of Revenue, local government finance, revenue sharing, municipal boundaries, population recalculation, probate judge, Boundary and Annexation Survey, Alabama municipalities, HB158
AL
Alabama 2026 1st Special Session
Alabama House Public Safety and Homeland Security Committee Apr 1st, 2026
Public Safety and Homeland Security
Transcript Highlights:
- lot of police chiefs and commanders and captains in both these departments that either been here or retired
- lot of police chiefs and commanders and captains in both these departments that either been here or retired
Keywords:
HB450, judges, judicial office, constitutional amendment, Alabama Constitution, age limit, mandatory retirement, judicial eligibility, supernumerary judge, judicial retirement, state judicial retirement benefits, election law, appointment, voter approval, ballot measure, Judiciary Committee, ambulance services, balance billing, health insurance, emergency transportation
AL
Alabama 2025 Regular Session
Alabama House Urban and Rural Development Committee Mar 5th, 2025
Urban and Rural Development
Keywords:
emergency management, mutual aid, disaster response, local government, political subdivision, public safety, public health, emergency services, first responders, intergovernmental agreements, reciprocal aid, emergency preparedness, local emergency management organization, governing body, liability immunity, Alabama Code 31-9-9, Alabama Code 31-9-11, tribal agreements, federally recognized Indian tribes, state emergency management plan
KY
Kentucky 2026 Regular Session
Public Pension Oversight Board 4-22-24
Keywords:
KY LRC YouTube, https://www.youtube.com/watch?v=nJCB8qaMd0k, 2026-06-21T07:17:07+00:00, 2.2.24, Data collected via generic collector engine, Meeting Start: 00:00:14
Attendance Roll Call: 00:00:22
Investment, Cash Flow, and Legislative Update:
Judicial Form Retirement System: 00:02:03
Kentucky Public Pensions Authority: 00:12:51
Teachers’ Retirement System: 00:36:25
Adjournment: 01:01:20, 958, all, 2.2.42, 2.1.47
KY
Kentucky 2026 Regular Session
Public Pension Oversight Board (8-22-23)
Keywords:
KY LRC YouTube, https://www.youtube.com/watch?v=N-Ln0ks-NS8, 2026-06-21T07:17:04+00:00, 2.2.24, Data collected via generic collector engine, Meeting Start: 00:00:00
Attendance Roll Call: 00:00:14
Judicial Form Retirement System Quarterly Update: 00:01:57
Kentucky Public Pensions Authority Quarterly Update: 00:13:54
Teacher’s Retirement System Quarterly Update: 00:44:40
Adjournment: 01:18:38, 958, all, 2.2.42, 2.1.47
NE
Nebraska 2025-2026 Regular Session
Legislative Morning Session Apr 17th, 2026
Nebraska Unicameral Floor Meeting
Transcript Highlights:
- Nebraska congratulating her on her career and well-deserved retirement.
- So congratulations to Marcia, and well-deserved retirement.
- This is your second retirement party for crying out loud.
- I'm a This is your second retirement party for crying out loud.
- But she has been here for over 30 years, and she's retiring at the end of the month.