Video & Transcript Research : 'Deferred Retirement Option Program'

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AL

Alabama 2025 Regular Session

Alabama Senate State Governmental Affairs Committee Apr 2nd, 2025

State Governmental Affairs

Transcript Highlights:
  • Senators, this day program in Senators, this day program in Sinclair County is a collaborative effort
  • into the program to be able to opt into the teacher retirement program, with the day program paying the
  • the employee, or is the day program absorbing... the employee, or is the day program absorbing the entire
  • That's all borne by the day program.
  • day program itself.
Bills: SB248, SB242, HB44, SB266, HB44
AZ

Arizona 2026 Regular Session

02/02/2026 - Senate Finance

Finance

Transcript Highlights:
  • Another is retirement, which... One of the issues is salary, obviously.
  • Another is retirement, which.
  • , but the option to add to the defined contribution. the option to add to the defined contribution account
  • Tier 1 is a 20-year retirement. Tier 2 is a 25-year retirement.
  • I like that it is optional.
Summary: The Senate Finance Committee approved the January 26, 2026 minutes and then heard several bills dealing with tax, retirement, and property assessment issues. SB 1215, as amended, was described as a technical “comma bill” that reorganizes the list of firefighter cancer conditions presumed work-related and removes mistakenly included peace officer language; it passed 6-1. SB 1180 would codify Arizona Department of Revenue’s practice of assuming federal conformity for above-the-line income tax items when preparing forms, with supplemental instructions if the legislature later acts differently; it passed 7-0 after discussion about whether it would affect executive-ordered changes. SCR 1028, a voter-referral measure to narrow the statutory exception allowing agencies to set certain fees and assessments without a two-thirds vote, drew sharp debate over majority rule versus limits on delegated fee authority and passed 4-3. The committee also advanced SB 1292, which clarifies that the Public Safety Personnel Retirement System’s 5% ownership cap applies only to publicly traded corporations; PSPRS said the change would avoid compliance problems and unnecessary costs, and it passed 7-0. SB 1294, restoring county assessors’ authority to prorate property values for property destroyed in any manner while preserving a five-year classification benefit only for property destroyed by verifiable accident, passed 6-1. SB 1430, the annual tax corrections act, passed unanimously after DOR said it mainly removes redundant language, fixes a cross-reference, and codifies current practice. The committee then considered SB 1270, which would let CORP employers make optional supplemental retirement contributions of up to $5,000 to Tier 3 correctional officers and related employees at specified service intervals. Supporters from the FOP said it is a flexible retention tool for hard-to-staff correctional jobs, while some members worried it could add costs for counties and not solve the underlying retention problem; it passed 6-1. Finally, SB 1290, which requires advance notice and inspection reports for certain property inspections and bars repeat agricultural inspections for three years, drew strong support from farm groups and strong opposition from county assessors, who argued it would create costs, limit their ability to verify new construction, and interfere with annual valuation duties. The bill passed 4-2 with one member not voting, and the committee adjourned.
TX
Transcript Highlights:
  • In 2015, the Legislature established a relief program administered by the Comptroller for certain qualified
  • So that was the structure behind the program.
  • I'm more than happy to answer questions about the $5 option.
  • It's a great option and it'll be a terrific business.
  • It's optional for anyone who wants to use it. I'd be happy to answer any questions.
TX

Texas 89th Regular

Licensing & Administrative Procedures Apr 8th, 2025

Licensing & Administrative Procedures

Transcript Highlights:
  • The program provides financial assistance to expiring appraisers and certified supervisory appraisers
  • TxDOT has $100 billion in their 10-year program. It's going to be a lot more work.
  • Case in point, a constituent that bought some land in Bastrop County, their retired counterintelligence
  • Allowing for a local community to choose for the option.
  • This bill is about a local option.
OK

Oklahoma 2026 Regular Session

Retirement and Government Resources Feb 10th, 2026 at 10:30 am

Retirement and Government Resources

Transcript Highlights:
  • So I know this is amending a program that's already in place.
  • program at all.
  • retiring.
  • The number of teachers that retire and get out of our system completely.
  • The current option allows them to retire, play with their grandkids, and wait a year before returning
AL

Alabama 2026 1st Special Session

Alabama Senate Finance and Taxation General Fund Committee Feb 11th, 2026

Finance and Taxation General Fund

Transcript Highlights:
  • This bill is for more law enforcement officers' retirement benefits. >> Yes, sir.
  • Uh, this essentially says that circuit clerks throughout the state cannot draw from two retirements unless
  • based on the same amount of service. >> Throughout the state, cannot draw from two retirements unless
  • went through a lot 15 years ago, maybe longer, regarding supernumeraries and needing to phase that program
  • It just allows them to draw their retirement and their supernumerary benefit if they're qualified and
AL

Alabama 2025 Regular Session

Alabama House Ways and Means General Fund Committee Apr 16th, 2025

Ways and Means General Fund

Transcript Highlights:
  • post-retirement qualifying period for benefits for certain occupational diseases.
  • House Bill 556 concerns the employment of certain retired law enforcement officers.
  • It also has a local option that local cities and counties can apply that same option to them as well.
  • participation in the supernumerary program and the employees' retirement system.
  • benefits. ...they cannot draw the ERS retirement that they qualified for.
NM

New Mexico 2026 Regular Session

House - Education Jan 28th, 2026 at 08:33 am

House Education

Transcript Highlights:
  • When I retired 12 years ago, When I retired 12 years ago, I was so grateful to get a pension from the
  • But since I've retired, But since I've retired, prices have gone up, and I'm paying almost double in
  • Barbara Peterson, a retired teacher, will speak right now as a retired teacher, Mr.
  • Barbara Peterson, a retired teacher, will speak right now as a retired teacher, Mr.
  • type of program strengthening.
Bills: HB40, HB100, HJR1, SB64, SB19, SB44, SB83
FL

Florida 2026 Regular Session

Commerce and Tourism Jan 13th, 2026

Commerce and Tourism

Transcript Highlights:
  • It is not creating a new program or mandate.
  • for private sector workers who don't have access to retirement savings.
  • only use it within the store that gave you the program, right?
  • Instead, they threaten to eliminate the very payment options that consumers prefer, the options that
  • But consumers would also have a fee-free option that they can take advantage of.
Summary: The Commerce and Tourism Committee met with a quorum and considered several bills, most of them receiving favorable reports. SB 386, relating to farm equipment repair rights, was briefly explained by the sponsor as a lemon-law style measure for farm equipment; it passed without questions or debate. SB 528, aimed at strengthening Florida’s manufacturing sector by expanding Department of Commerce responsibilities, codifying the chief manufacturing officer role, creating a workforce development grant program, and requiring reporting, drew support from several appearance forms and was reported favorably. SB 806, a broader right-to-repair bill covering portable wireless devices and agricultural equipment, drew the most discussion: dealership and industry representatives opposed it, arguing existing manufacturer agreements already provide access to repair information and that the bill could force manufacturers into competition with dealers, while supporters framed it as pro-consumer and pro-repair access; it was still reported favorably. SB 696 on trademark registration modernization and SB 930 creating a Florida Retirement Savings Task Force were both explained as administrative/policy measures and passed without opposition. SB 874, which creates a professional licensure reciprocity path for out-of-state surveyors and mappers to address workforce shortages, also passed favorably. The committee then took up SB 826 on gift certificates, which the sponsor said is intended to target bank-branded “reward cards” that function like gift cards but expire, while not affecting loyalty programs. The Florida Restaurant and Lodging Association expressed concern about unintended consequences and asked to work on tighter definitions, but the bill was reported favorably after the sponsor said clarifying language would be added later. The committee also heard SB 838, as amended, on electronic payments for retail installment contracts; the sponsor said it would clarify that reasonable convenience fees for optional electronic payments are permissible, require disclosure, and preserve a fee-free option. Members raised concerns about what counts as a “reasonable” fee and whether the bill could authorize junk fees, but the committee substitute was reported favorably. Several votes were taken by roll call, with the bills above reported favorably and SB 898 temporarily postponed at the sponsor’s request. Members later asked to be recorded as voting affirmatively on bills they had missed. The meeting concluded after the final vote on SB 838 and a motion to adjourn.
AL

Alabama 2025 Regular Session

Alabama House State Government Committee Feb 19th, 2025

State Government

Transcript Highlights:
  • In our county, we have what's called a day program.
  • In our day program, employees want to opt in to the state retirement system, so... ...the state retirement
  • that system so that they can have state retirement benefits.
  • Because many of them are teachers, we employ them in that program as...
  • We just employ them in that program as opposed to them being employed through the school system.
Bills: SB39, HB165, HB189, HB44, HB44
TX
Transcript Highlights:
  • . ...Fund in 2021 and the City of Austin Employee Retirement Fund in 2023.
  • I'm the Executive Director of the Austin Firefighters Retirement Fund.
  • I did pause. to make sure I say Austin Firefighters Retirement Fund.
  • Both the Union and Retired Firefighters Association support this bill, and most active and retired Austin
  • I am the president of the Austin Retired Firefighters Association.
Bills: SB771, SB2345, HB135, HB135
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.
  • And I think it's it's a good option. that that would replace huge results.
  • 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.
AZ

Arizona 2026 Regular Session

03/23/2026 - House Public Safety & Law Enforcement

Public Safety & Law Enforcement

Transcript Highlights:
  • optional contributions.
  • Tier 1 is a 20-year retirement. Tier 2 is a 25-year retirement, and Tier 3 is a 401(a).
  • And when they do retire, now we’re paying for a retirement program for them that we otherwise could have
  • And when they do retire, now we’re paying for a retirement program for them that we otherwise could have
  • in this sharing program.
Summary: The committee first heard SB 1161, which would prevent lapse of a $750,000 FY2026 appropriation to DPS for the Yuma County Family Advocacy Center (Amberly’s Place). Testimony described the center’s 24/7 crisis response, forensic interview and medical services, and satellite offices in nearby communities. The bill was moved and received a do pass recommendation on an 11-0 roll call, with three members absent. The committee then considered SB 1215, a clarifying bill on the list of cancers covered by the occupational disease presumption for firefighters and peace officers, with a retroactivity amendment to June 30, 2021. Firefighters’ representatives said the measure corrects a drafting issue involving adenocarcinoma and would prevent denials of claims; members asked about peace officer coverage, independent medical exams, and workers’ compensation impacts. The amendment was adopted and the bill received a do pass recommendation, with 11 ayes, one present, and two absent. SB 1270, dealing with supplemental employer contributions to defined contribution accounts for corrections employees, drew testimony focused on severe retention problems in corrections and county detention. Supporters said the bill would allow optional incentive payments at service intervals to help keep trained officers on the job; members discussed vesting, recruitment versus retention, and whether the program could be funded without a new appropriation. The committee adopted the amendment and gave the bill a do pass recommendation, with ten ayes, one nay, two present, and one absent. The committee also heard SB 1400, authorizing law enforcement wellness and crisis response programs and setting confidentiality rules. Police association testimony supported the concept but noted concerns about the breadth of the privilege carve-outs, especially if licensed therapists are involved; several members said they would support the bill after an amendment clarifying privilege protections. The bill was reported do pass with ten ayes, one nay, and two present. SB 1538, as a strike-everything amendment, would require workers’ compensation coverage for PTSD treatment for firefighters and peace officers and allow one MDMA treatment course if federal approval and rescheduling occur by January 1, 2029. Supporters described promising clinical trial results and argued it could help severe PTSD cases, while county representatives opposed the mandate and raised cost and approval concerns. The amendment was adopted and the bill received a do pass recommendation, with seven ayes, three nays, and one present. Finally, the committee considered SB 1537, renaming the peace officer training equipment fund as the public safety de-escalation and life safety fund and repealing its advisory commission. Testimony explained the change was meant to reduce confusion between similar funds and reflect the fund’s use for de-escalation and safety equipment; some members noted opposition from the Arizona Police Association and concerns about whether the money might be better used for raises. The bill passed on a 7-4 vote with three absent. The committee then began SB 1580, which would appropriate Peace Officer Training Equipment Fund money for fire incident management support and other public safety equipment, including pepperball equipment, simulators, records management software, and retention/recruitment efforts. Testimony supported the equipment and data-sharing investments, but members also questioned accountability, ongoing costs, and whether the listed uses were the best use of the fund.
LA

Louisiana 2026 Regular Session

House of Representatives Mar 24th, 2026

Louisiana House Floor Meeting

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.
Bills: HB424, SB286