Video & Transcript Research : 'Deferred Retirement Option Plan'

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AL

Alabama 2026 1st Special Session

Alabama Senate Finance and Taxation General Fund Mar 18th, 2026

Finance and Taxation General Fund

Transcript Highlights:
  • What it does is it modernizes the way that our circuit clerks are able to participate in retirement.
  • are able to participate in retirement. are able to participate in retirement.
  • One that will plans for two solar farms.
  • It would allow them to retire at 62, 18 years' service, a 5-year look back.
  • I was going to let him do this one, but call the next bill. retire at 62, 18 years service, a 5year retire
US
Transcript Highlights:
  • And jeopardizes the retirement savings of hard-working Americans.
  • I bet many in this room have retirement accounts and investments.
  • And again, I'll remind the chamber that I'm retired from the FBI.
  • I don't know why we would allow that to go into anybody's pension plan.
  • As retirement accounts shrink, scammers will land harder blows. Mr.
Summary: The meeting primarily addressed concerns regarding the impact of the Chinese Communist Party (CCP) on American investments and the financial security of retirees. The chair discussed legislation aimed at ensuring the protection of American investors against the risks posed by Chinese companies. There was a consensus among the members regarding the necessity to enforce existing policies that require compliance from foreign companies wishing to trade on American exchanges. The discussion included testimony from various stakeholders highlighting the urgent need to limit exposure to the CCP in retirement portfolios. Additionally, there were calls for increased accountability of regulatory bodies such as the SEC to better shield American investors from potential loss.
AL

Alabama 2026 1st Special Session

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

Ways and Means Education

Transcript Highlights:
  • if you retire for 12 months, this apply. if you retire for 12 months, this apply.
  • So when they come back to work as a retired person, they're not in a retirement system any further.
  • When they come back to work as a retired person, they're not in a retirement system any further. >> Uh
  • So that's key thing retirement.
  • So what the plan idea other things.
AL

Alabama 2025 Regular Session

Alabama House Montgomery County Legislation Committee Apr 15th, 2025

Montgomery County Legislation

Transcript Highlights:
  • The Montgomery County City Council is authorized to join the state retirement system, and it is also
  • We give them the option to give them retirement. We give them the option to take retirement.
  • and bring the delegation up on all the stuff that's going on at the airport and what their future plans
Bills: HB424, SB286
TX

Texas 89th Regular

FinanceAudio only. May 27th, 2025

Finance

Bills: HB1057
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:
  • Frickie, what is the plan or what are the options to pay for these increased benefits?
  • Frickie, what is the plan or what are the options to pay for these increased benefits?
  • And was it PERS that set those three options for them to bid? Okay. Yes. You set a plan then.
  • Representative Johnson, first of all, on the retirement plan, that was for new employees.
  • And so what you're saying with option three is essentially that the plan will pay less in premiums because
Bills: SB2160
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.
LA

Louisiana 2026 Regular Session

House of Representatives Mar 24th, 2026

Louisiana House Floor Meeting

AL

Alabama 2026 1st Special Session

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

Ways and Means General Fund

Transcript Highlights:
  • Healthcare benefit plan. A. The term includes any individual or group.
  • pushing through the Alpha Health Plan. pushing through the Alpha Health Plan.
  • And so currently you can retire with 25 years.
  • He's saying um retire with 25 years.
  • Under the judicial judicial retirement Under the judicial judicial retirement fund<00:52:53.520>
AZ

Arizona 2026 Regular Session

03/09/2026 - Senate Finance

Finance

Transcript Highlights:
  • And the Ohio Chamber reports 25% average health plan savings.
  • Senator Epstein: I believe that these plans, part of it is that the plans do not have to cover the 10
  • or 11 essential health benefits that ACA plans must cover.
  • In Ohio, they had a 25% average health plan savings.
  • Leach has a retirement plan.
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:
  • I'm a retired Air Force Cyber Operations Officer.
  • Plan certain plans are earning more business.
  • Plans are on corrective action right now for various issues.
  • And so the plan required HHSC to include the agency's project management processes in the plan. a list
  • There are also concerns with the Medicare Advantage plans.
KY
Transcript Highlights:
  • retirement provisions. retirement provisions.
  • retirement.
  • their retirement voided by that retirement system.
  • :42.240> retirement retirement voided by that retirement retirement voided by that retirement
  • Um, any dependent child payments and any health insurance premiums paid by the plans. retirement being
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.
TX
Transcript Highlights:
  • Realtors shall not be parties to any plan or agreement to discriminate against a person based off of
  • And third, we broaden staffing. options.
  • I'm a third-generation Texan mom, retired high school English teacher, and former school librarian. as
  • I'm a retired landscape architect. Tech. I'm not a librarian or anything.
  • has ever come from trying to do what this bill even claims to do, even with an opt-in or opt-out option
TX
Transcript Highlights:
  • Senate Bill 2633 provides the ability to hold a local option election within designated zones to regulate
  • city to adopt zoning and land-use regulations for alcohol-selling businesses, ensuring thoughtful planning
  • We had a local option petition about 25 years ago, which allowed mixed beverage sales in restaurants,
  • Additionally, state agencies, including the Railroad Commission and the Employee Retirement System, use
  • require TEC to develop rules requiring agency, staff, and the Respondent to agree to a discovery control plan
FL

Florida 2026 Regular Session

Community Affairs Jan 27th, 2026

Community Affairs

Transcript Highlights:
  • The housing affordability is a priority, not an optional local policy choice.
  • You can and you should integrate it into the Community Planning Act. The key is flexibility.
  • We respectfully request modification to work with aspects of a county's comprehensive plan.
  • They do 20- and 30-year plans. We did a 2030 plan back in 2010, so now they're doing 2050 plans.
  • So now they're doing 2050 plans or 2060 plans.
Summary: The committee took up a series of land use, housing, local government, and public notice bills, along with a firefighter cancer bill and a bill on temporary door locking devices. SB 984 on firefighter cancer benefits and prevention was explained as clarifying access to death benefits and a one-time cancer payment for firefighters; it was reported favorably. SB 1612 required local governments to accept electronic payments online; it also passed favorably. SB 1180 created a recall framework for elected community development district board members and, through a strike-all amendment, also addressed synthetic turf enforcement and expanded compact urban mixed-use district definitions; the amendment was adopted and the bill was reported favorably. SB 936 allowed temporary door locking devices above the finished floor and directed the Building Commission to add standards to the Florida Building Code; it passed favorably. The committee also considered SB 380 on legal notices, which would let certain local government entities publish notices on their own websites or other designated sites instead of relying on newspapers in more cases. The Florida Press Association, Common Cause, and newspaper representatives opposed the bill, arguing it would fragment public notice access and make notices harder to find and verify, while supporters said it would modernize and reduce costs. The bill’s amendment clarified which agencies were covered, and the committee reported the bill favorably. SB 962 on affordable housing narrowed prior zoning preemption language so working farms and farm operations would not be unintentionally captured by Live Local-style rules; it passed favorably. SB 1444 on state preemption and religious expression, private clubs, and minor home construction drew support from religious freedom advocates and opposition from cities and counties, which warned of vague terms and overbroad preemption; it was reported favorably. The committee then approved SB 218, which would limit the reach of last session’s hurricane recovery land-use preemption to counties actually damaged by hurricanes and restore normal local land-use authority in unaffected counties. SB 1434 on infill redevelopment would streamline zoning and subdivision approvals for environmentally impacted parcels in certain urban counties to encourage housing on contaminated or underused land; counties and local-government groups opposed it as an overbroad preemption and raised concerns about the environmental threshold and density provisions, but the bill was reported favorably. SB 1020 on chickees prohibited local ordinances from blocking chickee construction if setback requirements are met and made unauthorized attempts to circumvent the building code a misdemeanor; it passed favorably. Finally, SB 948 on local government land development regulations and orders, as amended, proposed a statewide starter-home framework with lot-split and zoning changes to increase housing supply; local-government and planning groups warned it would function as a rigid statewide zoning code and could drive overdevelopment, while housing advocates supported it as necessary state action. The committee reported the bill favorably after extensive debate.
TX

Texas 89th Regular

State Affairs (Part I) Apr 28th, 2025

State Affairs

Transcript Highlights:
  • Senate Bill 2633 provides Garland with the ability to hold a local option election within designated
  • We had a local option petition about 25 years ago, which allowed mixed-beverage sales in restaurants.
  • Additionally, state agencies, including the Railroad Commission and the Employees Retirement System,
  • require TEC to develop rules requiring agency staff and the respondent to agree to a discovery control plan
Summary: The Committee on State Affairs heard several bills, mostly on alcohol regulation, ethics procedures, the Alamo, and free speech in professional associations. SB 2633 would let the City of Garland hold local option elections on alcohol sales within designated zones and use zoning/land-use rules for alcohol-selling businesses; Senator Johnson and Garland officials said it would reduce the burden of the petition process and support economic development. SB 2637 would require social media platforms to disclose when posts are made by bot accounts and allow Attorney General enforcement; supporters framed it as consumer protection against misleading automated content, while members raised questions about how platforms would identify bots and how enforcement would work. SB 2334 would allow airlines with passenger transportation permits to store sealed alcoholic beverages within five miles of an airport in the same county, which the sponsor and an American Airlines witness said would improve logistics without changing permits, taxes, or alcohol sourcing. The committee also heard SB 2781 and SB 2782, both related to Texas Ethics Commission procedures. SB 2781 would cap civil penalties tied to certain campaign contribution violations by former legislators who later lobby, and SB 2782 would require TEC to adopt discovery control plans and align discovery rules more closely with the Texas Rules of Civil Procedure to limit costly, open-ended discovery. Both bills were left pending after no public testimony. SB 3059 would transfer oversight of the Alamo from the General Land Office to a new Alamo Commission beginning in 2027; Senator Campbell said it would provide long-term stewardship and transparency, while Senator Birdwell questioned the need for a change and the commission’s structure, and GLO witnesses said they were not aware of any problem prompting the shift. HB 1130, a House companion to a previously passed Senate bill, would provide liability protections for cavern entities that post warning signs, and it was also left pending. A major portion of the meeting focused on SB 2713, which would bar professional or trade associations from denying membership or access based on protected characteristics or lawful speech and assembly. Senator Middleton and invited witnesses described disciplinary actions by realtor associations against members for social media posts, sermons, or political speech, arguing that the National Association of Realtors’ ethics rules were being used to punish private expression and threaten livelihoods through loss of MLS access. Committee members and witnesses discussed whether the bill should be narrowed to avoid affecting religious organizations, how association discipline works, and whether the measure should address existing penalties or only future conduct. The bill was left pending after extensive invited testimony and committee discussion.
TX

Texas 89th Regular

State Affairs (Part II) Apr 28th, 2025

State Affairs

Transcript Highlights:
  • Realtors shall not be parties to any plan or agreement to discriminate against a person based off of
  • Third, we broaden staffing options.
  • The option of local.
  • I'm a retired landscape architect. I'm not a librarian or anything.
  • for parents. what this bill even claims to do, even with an opt-in or opt-out option for parents.
Summary: The committee first reopened public testimony on Senate Bill 2713, which concerned protections for freedom of conscience in the context of Realtor association discipline. Texas Realtors representatives testified that their organization is a separate Texas legal entity but affiliated with the National Association of Realtors through a charter and code of ethics. They said Texas Realtors is neutral on SB 2713, that their ethics process is focused on fair housing and equal professional service, and that they have not suspended or terminated anyone in Texas for religious or political speech. Senators pressed them on whether national standards could override Texas law and on examples from other states; the witnesses said state and federal law control and that they would comply with Texas law if the bill passed. Public testimony then closed and SB 2713 was left pending. The committee then took up Senate Bill 1698 on e-cigarettes. Senator Parker explained a committee substitute that tightened enforcement, required distributor registration, expanded regulation to nicotine from any source, added restrictions on child-appealing packaging, authorized inspections and audits, and set compliance deadlines later in 2025 and 2026. After questions, the substitute was adopted and SB 1698, as substituted, was reported favorably to the full Senate on a 6-0 vote, with a recommendation for the local and uncontested calendar. Next, the committee considered Senate Bill 2487 on crisis and mental health facilities. Senator Parker described a substitute that renamed the program a crisis service model, allowed multiple county facilities, added local siting limits, expanded staffing options, shortened clinical timelines, required discharge referrals, directed law enforcement and EMS to transport people there first, and created local boards and expanded reporting. The substitute was adopted and the bill was reported favorably on a 6-0 vote, also recommended for the local and uncontested calendar. Senate Bill 2819, dealing with political activities of county elections administrators, was then reported favorably on a 6-0 vote and likewise sent to the local and uncontested calendar. Senate Bill 2043 was withdrawn. The committee spent substantial time on Senate Bill 2101, which would require municipal public libraries to move sexually explicit materials out of minors’ sections and impose age-verification and review requirements. Supporters argued the bill would protect children from explicit material in public libraries and that libraries should not be left to self-regulate. Opponents, including librarians, parents, authors, and ACLU representatives, argued the definitions were vague, the bill would be costly and burdensome for small libraries, could function as a book ban, and would restrict teens’ access to classics, research materials, and other books. Several witnesses said parents should make those decisions, not the state. The bill’s author said the committee substitute was still being worked on and asked witnesses to review it; public testimony remained open in the portion provided, with no final action on SB 2101 shown.
AL

Alabama 2025 Regular Session

Alabama House Ways and Means General Fund Committee Apr 9th, 2025

Ways and Means General Fund

Transcript Highlights:
  • House Bill 227 by Representative Bedel, which concerns firefighters to limit the retirement.
  • So, no qualifying event while employed, but in that 10 years of retirement...
  • Once you're retired, you are no longer employed. Longer employed.
  • He has retired; he's in his 50s.
  • Your son retired. and graduating school.