Video & Transcript Research : 'Employees Retirement System'

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AL

Alabama 2026 1st Special Session

Alabama Senate Finance and Taxation Education Committee Feb 11th, 2026

Finance and Taxation Education

Transcript Highlights:
  • ' Retirement System or the Teachers' Retirement System with a minimum of 25 years of service on the effective
  • ' Retirement System or the Teachers' Retirement System with a minimum of 25 years of service on the effective
  • ' Retirement System or the Teachers' Retirement System with a minimum of 25 years of service on the effective
  • ' Retirement System or the Teachers' Retirement System with a minimum of 25 years of service on the effective
  • It says in line 95 in the sub, any individual who is retired on the Employees' Retirement System or the
KY
Transcript Highlights:
  • systems for your from the retirement systems for your purposes<00:05:17.039> is<00:05:17.440>
  • their retirement voided by that retirement system.
  • I'm more than happy to take those now. retirement systems, breaks and service, retirement systems, breaks
  • <00:41:38.640> system they'll have their retirement system they'll have their retirement system
  • Uh I'll open these retirement systems.
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 Ways and Means General Fund Committee Feb 25th, 2026

Ways and Means General Fund

Transcript Highlights:
  • Unclassified employee status provides that current mansion authority employees are entitled to payment
  • "The Governor Mansion Authority has historically treated employees as unclassified employees.
  • And further to say that any other retirement plan administered by the Retirement System of Alabama used
  • And I’ll entertain a motion to adjourn. administered by the retirement system of administered by the
  • retirement system of Alabama<00:23:01.120> used<00:23:01.360> to<00:23:01.520> pay
OK

Oklahoma 2026 Regular Session

Retirement and Government Resources Apr 14th, 2026 at 10:30 am

Retirement and Government Resources

Transcript Highlights:
  • The Senate Committee on Retirement and Assurance will come to order.
  • system of Oklahoma.
  • system of Oklahoma.
  • If you look on page two, that is clarified as a state officer employee.
  • It's only those employees that are actually Involved in the decision-making.
AZ

Arizona 2026 Regular Session

02/02/2026 - Senate Finance

Finance

Transcript Highlights:
  • Senate Bill 1292 specifies that prohibiting the Public Safety Personnel Retirement System from owning
  • Another is retirement, which, for Tier 3, which means every employee hired after 2018, is a defined contribution
  • So some group of employees, and we suggested that within FOP, at some point, you want it in your retirement
  • So some group of employees, and we suggested that within FOP, at some point, you want it in your retirement
  • Tier 1 is a 20-year retirement. Tier 2 is a 25-year retirement.
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

Texas 89th 2nd C.S.

State Affairs May 12th, 2025

State Affairs

Transcript Highlights:
  • Um, an employee regarding any travel, uh, that has gone to one of these countries.
  • It's a crucial measure to, uh, divest Texas taxpayer retirement funds from companies comp, uh, com.
  • SB 689 ensures DEI is no longer prioritized when it comes to hiring, training, employees or and how our
  • Um, you're here on behalf of Texas State Employee Union itself, and you're against the bill.
  • My name is Maggie DeSanza, and I'm here representing both myself and the Texas State Employees Union
TX

Texas 89th Regular

State Affairs May 12th, 2025

State Affairs

Transcript Highlights:
  • critical infrastructure, they not only run background checks but also get an attestation from an employee
  • Senate Bill 689 ensures that DEI is no longer prioritized when it comes to hiring and training employees
  • My name is Maggie DeSanza, and I am here representing both myself and the Texas State Employees Union
  • The bill may create a climate in which government employees and officials feel compelled to self-censor
  • Um, our public school employees do not check their First Amendment rights when they walk through the
TX
Transcript Highlights:
  • than through the pension system, cutting confusion and delays.
  • Currently, statute requires Texas public retirement systems to select an independent third party to complete
  • Retirement systems with greater than $100 million in assets report every three years, and systems between
  • Systems for Firefighters in certain municipalities.
  • Myself and one employee, okay.
FL

Florida 2026 Regular Session

Commerce and Tourism Jan 13th, 2026

Commerce and Tourism

Transcript Highlights:
  • obligations: maintaining minimum parts inventories, investing in facilities, tooling, diagnostic systems
  • obligations: maintaining minimum parts inventories, investing in facilities, tooling, diagnostic systems
  • This bill ensures that the trademark classification system continues to meet national and international
  • Next up, tab 5, Senate Bill 930, Florida Retirement Savings Task Force by Senator Martin.
  • for private sector workers who don't have access to retirement savings.
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.
TX

Texas 89th Regular

Homeland Security, Public Safety & Veterans' Affairs May 7th, 2025

Homeland Security, Public Safety & Veterans' Affairs

Transcript Highlights:
  • Members, this is a bill we heard previously relating to the classification of employees of a company
  • This bill is another step in the modernization of our background check system.
  • D.P.S. will have approximately 750 commissioned officers that will be eligible to retire.
  • Is there an age requirement now for retirement at DPS? No, sir, there is not.
  • Can they work long enough to get a second retirement?
TX

Texas 89th Regular

Delivery of Government Efficiency Mar 19th, 2025

Delivery of Government Efficiency

Transcript Highlights:
  • , water and wastewater systems.
  • Tracking System.
  • all these old systems.
  • When these systems detect that unreported change, we flag... that as a system-reported change.
  • This is based on what employees. need to see in our data systems in order to complete their specific
OK

Oklahoma 2026 Regular Session

Senate Legislative Session Feb 25th, 2026 at 01:30 pm

Oklahoma Senate Floor Meeting