Transcript Highlights:

• One is for our retirees, TRS Care.
• Will recall that TRS CARE in the 20-teens and in the 2000s was.
• Has TRS studied the effects of vouchers or ESAs on other states?
• And the fund of TRS has not yet begun to decline.
• Does TRS have any comment on that or as far as...

Keywords: 1184, house, all

Transcript Highlights:

• The bill establishes a dedicated supplemental retirement program fund within TRS.
• We have seven tiers now in the TRS system since it has been adjusted.
• We did a study with TRS, and it showed the cost of doing either a 20 or 25-year retirement.
• A lot of those officers are state employees; however, they are in TRS and not ERS.
• TRS currently does not. I'm in the process of scheduling an elbow replacement right now.

Bills: HB886, HB1514, HB2434, HB2688, HB2802, HB3161, HB3221, HB4029, HB4339, HB4591, HB4774, HB4802, HB4853, HB5627, SB1737

Keywords: retirement, supplemental payment, benefits, Employees Retirement System, eligible annuitants, legislation, annuity, service credit, Employees Retirement System of Texas, employee benefits, pension reform, public retirement systems, municipality pensions, firefighters, police officers, retirement age, DROP program, actuarial studies, pension benefits, municipal retirement

Transcript Highlights:

• of the TRS insurance?
• And again, we worked with TRS to make sure that there's no negative impact on TRS ActiveCare.
• TRS has been very careful about that.
• We have worked with TRS and agreed with them that that care is warranted.
• How many districts opted out of TRS and went with this other program?

Bills: HB3014, HB3109, HB3126, HB3474, HB3594

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

Transcript Highlights:

• Uh, the bill establishes a dedicated supplemental program retirement fund within TRS.
• They're under, uh, their retirement is not equal to, uh, the ERS and TRS piece, uh, piece.
• There is no reason why we need to have a TRS system and an ERS system.
• I called the TRS pension office.
• TRS currently does not. I'm in the process of scheduling an elbow replacement right now.

Transcript Highlights:

• I'm the legislative liaison for TR.
• Dayton I'm the legislative L on for TR Dayton I'm the legislative L on for TR good<00:51:05.760>
• Association um our TR membership also includes<00:52:26.520> includes<00:52:26.720> TR<
• members that have an account with TR members that have an account with TR they<00:52:59.920>
• amortization but that would be with TR amortization but that would be with TR having<00:59:09.039

Keywords: 1187, senate, all

Transcript Highlights:

• And I've looked at the numbers the TRS actuaries have put out, and the total cost for TRS for the state
• I I'm no expert on TRS.
• I'm no expert on TRS.
• That's the main takeaway we have here on behalf of the TRS.
• waited into the details of the TRS waited into the details of the TRS system<00:46:48.160> by

Keywords: 958, all

Summary: The Budget Review Subcommittee on Education met without a quorum, so the minutes were not approved. The main presentation was from retired economics professors John Garren and Dr. Kums, who discussed their Bluegrass Institute research on teacher compensation in Kentucky since the Kentucky Education Reform Act era. They said teacher base salaries, adjusted for inflation, have declined over the last decade, while state-paid “on-behalf” benefits such as pension and health insurance contributions have risen sharply; they argued total teacher compensation has increased modestly overall, but less than per-pupil funding. They also presented broader context on staffing growth, declining average daily attendance, Kentucky’s low share of teachers among total school staff, and flat or weak NAEP and ACT performance trends, including widening white-Black score gaps on NAEP. Members questioned the methodology and interpretation of the compensation figures. Representative Bojanowski argued the on-behalf calculations may overstate teacher compensation because they include insurance and pension costs that also benefit classified employees and retirees, and he asked for clarification on the denominator used to derive the per-teacher amount. Representative Truit said the presentation could be misleading if it implies teachers earn $94,000 in salary, and he objected to framing pension stabilization payments as teacher pay. The presenters responded that they were using total compensation, not salary alone, said they had divided total personnel-related on-behalf payments by the relevant staff count, and promised to review and send a technical explanation. Representative Truit and Chairman Typton both emphasized that compensation should be viewed as salary plus benefits, not salary alone, and noted that pension contributions are part of the cost of employing teachers. The presenters said their intent was to show the full compensation package and its relevance to labor supply and teacher shortages, not to claim that individual teachers earn the total compensation figure as salary. No votes or formal actions were taken beyond the decision to revisit the minutes at a later meeting due to the lack of quorum.

Transcript Highlights:

• school district, and they have 30 years of experience, we can only start their compensation for the TRS
• So it's TRS issue. OK. Thank you. Uh, do we have anyone from TR uh the TRS gonna be here?
• And this is for TRS. Uh, benefits in the long run. How is this has TRS.
• I haven't been in contact with anyone from TRS. OK. Thank you. Thank you. OK.
• to teach in schools, especially if we just give them a two-year step up in the base, in the, in the TRS

Transcript Highlights:

• Well, is ERS and TRS in that group?
• TRS offered an open enrollment period for TRS CARE, and TRS CARE now offers vision and dental coverage
• All right, Brian, and you're recognized for TRS.
• TRS Active Care.
• TRS Care, and we are in favor.

Bills: SB1, SB 1

Keywords: appropriations, budget, state funding, education, healthcare, infrastructure, campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards, 1185, senate, all

Transcript Highlights:

• TRS or become an active member of the Oklahoma Public Employees Retirement System.
• For TRS, it'd be $5 million something. For fire, it'd be $342,000. For police, $665,000.
• And I'll give TRS props. They have really gotten the pension system to a better funding level.
• Well, TRS hasn't come to me, so I haven't actually had that conversation.
• So I'm assuming that TRS did not ask for this, or? I don't think you'd have to assume that.

Bills: HB1784, HB1245, HB1268, HB2116, HB2193, HB2206, HB1739, HB1889, HB1904, HB3172, HB4225, HB4352, HB3625, HB4263

Keywords: education reform, local control, student outcomes, curriculum changes, school funding, retirement, pension, public employees, Oklahoma Public Employees Retirement System, benefits, survivorship, contribution rates, disability retirement, deferred option plan, service credit, contributions, distributions, HB2116, Oklahoma Law Enforcement Retirement System, OLERS

Transcript Highlights:

• to provide 13 checks, or in this case of this last session, a COLA for our retired teachers in the TRS
• Traditional school districts contribute 2% into TRS.
• I believe a resource witness from TRS is also here. At this time, I'm happy to take any questions.
• TRS is actually implementing this differently for ISDs and charters.
• Higher education employees with TRS coverage have no 2% at all.

Bills: HB886, HB1514, HB2434, HB2688, HB2802, HB3161, HB3221, HB4029, HB4339, HB4591, HB4774, HB4802, HB4853, HB5627, SB1737

Keywords: retirement, supplemental payment, benefits, Employees Retirement System, eligible annuitants, legislation, annuity, service credit, Employees Retirement System of Texas, employee benefits, pension reform, public retirement systems, municipality pensions, firefighters, police officers, retirement age, DROP program, actuarial studies, pension benefits, municipal retirement

Transcript Highlights:

• The cost was $70 million for state teachers, so we pulled the ERS and TRS out of the bill.
• Like I said, it was 70 million for TRS, then we pulled TRS out of the bill.
• He did bring up a good point that I did we ever have TRS and ERS? In this bill. No, not originally.
• It was written in a way that did still apply to ERS and TRS. It had a $79 million fiscal note.
• I'm not sure we get that in ERS, TRS, etc. So this is, you know, I understand what Dr.

Bills: SB 502, SB 513, SB 622, SB 670, SB 731, SB 732, SB 916, SB 961, SB 1122

Keywords: SB 502, Texas peace officers, Health and Human Services Commission, HHSC Office of Inspector General, OIG investigators, law enforcement classification, Schedule C, state employee benefits, injury benefits, peace officer status, commissioned officers, state auditor classification, Government Code, Code of Criminal Procedure, human services, health and human services, law enforcement compensation, public employee benefits, Texas state law enforcement, child welfare

Transcript Highlights:

• by a school district, If they have 30 years of experience, we can only start their compensation for TRS
• So it's a TRS issue. Okay. Thank you. Do we have anyone from the TRS that can be here?
• They would get counted, and this is for TRS benefits in the long run. How is this...?
• Has TRS, do they have anything to say about this? How's this gonna affect the fund?
• I haven't been in contact with anyone from TRS. Okay. Thank you.

Bills: HB 1057, HB1876

Keywords: teacher salary, retirement benefits, career education, work experience credit, Texas Education Code, technical training, workforce development, grants, education funding, 1184, house, all

Transcript Highlights:

• Today, we're going to hear about TRS and PIP, and you'll see in the budget.
• What the RSA board or TRS board has been doing is saying that's unrealistic.
• The cost to pre-fund a COLA would be $236 million for a 1% TRS COLA.
• Then on the retirement side, the TRS, as she said, we've changed some...
• And that's just on the TRS side. Of course, ERS would be more money, so it's a...

Keywords: 923, senate, all

Transcript Highlights:

• Like I said, it was $70 million for TRS, and we pulled TRS out of the bill.
• Did we ever have TRS and ERS in this bill? No, no.
• Y'all, it had a $70 million note for TRS and ERS over the biennium. Was that last session?
• It didn't cost us anything to mandate unless we put TRS or ERS in the bill.
• Gets the best deal, I'm not sure we get that in ERS, TRS, et cetera.

Bills: SB502, SB513, SB622, SB670, SB731, SB732, SB916, SB961, SB1122

Keywords: SB 502, Texas peace officers, Health and Human Services Commission, HHSC Office of Inspector General, OIG investigators, law enforcement classification, Schedule C, state employee benefits, injury benefits, peace officer status, commissioned officers, state auditor classification, Government Code, Code of Criminal Procedure, human services, health and human services, law enforcement compensation, public employee benefits, Texas state law enforcement, child welfare

Transcript Highlights:

• <00:04:41.680> have three plans perah msrs uh and TR have three plans perah msrs uh and TR
• studies for paragen msrs General and TR studies for paragen msrs General and TR we<00:42:05.720>
• If you have 20 years in TR, it's based on those 20 years only.
• PERA and TR did not correct any errors under the relevant statute.
• to the TR new individual account to the TR transfer<00:56:24.039> account<00:56:24.720> and

Keywords: 1187, senate, all

Transcript Highlights:

• Okay, so the head of TRS will always oppose any bill that takes money out of the TRS. That is...
• And what precedent are we setting by taking money out of TRS? We're working to fund TRS fully.
• I do not want to see TRS unfunded in any way, shape, or form. TRS is my retirement.
• Oh, I absolutely agree as a TRS member, so why And you want to take money out of TRS.
• Again, the charter schools are paying into the TRS, the public schools are paying into the TRS, we're

Bills: HB46, HJR35, HJR47, HJR182, HB 113, HB983, HB4847, HB1449, HB3833, HB5151, HB265, HB1845, HB782, HB 108, HB1960, HB158, HB1954, HB1955, HB2512, HB605, HB2581, HB2803, HB627, HB2667, HB1738, HB636, HB3679, HB2638, HB2655, HB871, HB2438, HB 1107, HB1765, HB1822, HB2153, HB4099, HB3732, HB3171, HB3178, HB3182, HB3749, HB2814, HB3977, HB4204, HB4207, HB4449, HB1820, HB1876, HB1939, HB1347, HB2593, HB2136, HB2132, HB2658, HB2413, HB2757, HB2080, HB3154, HB3063, HB3009, HB3448, HB3006, HB2844, HB3241, HB3680, HB3169, HB2078, HB2507, HB4559, HB3946, HB3460, HB3405, HB475, HB3463, HB3441, HB3520, HB2060, HB4731, HB4991, HB1991, HB5596, HB2014, HB2142, HB2673, HB2731, HB2417, HB2399, HB2301, HB3335, HB3234, HB3320, HB5573, HB4848, HB4748, HB4769, HB4795, HB2086, HB2234, HB2203, HB4916, HB5624, HB4505, HB139, HB5093, HB5302, HB5402, HB5606, HB2333, HB4630, HB4701, HB2583, HB2983, HB4924, HB3339, HB3793, HB3631, HB4882, HB5509, HB5499, HB5430, HB5561, HB5611, HB5043, HB5064, HB3733, HB3781, HB3219, HB32, HB4515, HB5348, HR559, HB4506, HB1646, HB3185, HB3388, HB2761, HB3233, HB1534, HB5129, HB5394, HB3619, HB2867, HB3672, HB2434, HB4903, HB3687, HB3675, HB4609, HB4582, HB3866, HB4534, HB2446, HB3984, HB700, HB4088, HB229, SB2419, SB842, SB1257, SB2550, SB996, HB 1186, HB4327, HB3221, HB2588, SB552, HB4870, HB2494, HB3940, HB4838, HB3177, HB1441, SB1841, HB3962, HB2225, HJR112, HB897, HB2695, HB4670, HB3602, HB3317, HB3717, HB3138, HB3704, HB1403, HJR218, HB4921, SJR37, HJR138, HJR144, HB3892, HB4, HB46, HJR35, HJR47, HJR182, HB4234, HB722, HB4136, HB4105, HB4413, HB170, HB551, HB2858, HB3053, HB3142, HB3180, HB3722, HB2200, HB1794, HB1784, HB1581, HB2530, HB4308, HB1896, HB2974, HB3359, HB4580, HB2458, HB2215, HB3332, HB2278, HB3015, HB3151, HB1368, HB40, HB 101, HB 112, HB146, HB168, HB214, HB413, HB1523, HB493, HB521, HB594, HB557, HB305, HB549, HB854, HB 1057, HB 1052, HB842, HB3174, HB3311, HB2486, HB3196, HB824, HB 1039, HB2529, HB2713, HB4936, HB4995, HB4830, HB4864, HB5219, HB5263, HB5154, HB2674, HB5525, HB5623, HB2545, HB2587, HB2625, HB5520, HB5436, HB4926, HB1573, HB5165, HB4811, HB5081, HB4755, HB3179, HB4310, HB4611, HB2159, HB4626, HB3637, HB3153, HB3066, HB2786, HB2966, HB638, HB640, HB876, HB497, HB5539, HB4809, HB5308, HB4687, HB4070, HB4421, HB4412, HB3284, HB3369, HB3420, HB3449, HB4098, HB4281, HB4120, HB4504, HB4370, HB 1106, HB2370, HB2404, HB3863, HB2407, HB2253, HB2273, HB2040, HB1586, HB3788, HB3993, HB4690, HB4309, HB4696, HB2308, HB 1142, HB1533, HB1621, HB2242, HB2012, HB2193, HB2442, HB2464, HB2348, HB2313, HB2289, HB1942, HB2011, HB1629, HB2993, HB3592, HB3824, HB4076, HB4535, HB4623, HB4773, HB 1091, HB5115, HB5515, HB3372, HB5659, HB 127, HB386, HB 115, HB2868, HB 1249, HB4766, HB3720, HB4656, HB4879, HB 105, HB5383, HB4621, HB5431, HB5678, HB5534, HB4174, HB4212, HB3954, HB3966, HB3636, HB3918, HB1422, HB4765, HB4732, HB4742, HB5122, HB4518, HB5084, HB3986, HB4045, HB4144, HB3911, HB3976, HB4473, HB3425, HB3641, HB3642, HB3475, HB3509, HB3424, HB3383, HB4744, HB4531, HB4539, HB3159, HB5228, HB5370, HB4359, HB4398, HB4443, HB4466, HB3861, HB3849, HB4240, HB4706, HB4685, HB5354, HB5141, HB5686, HB3629, HB3554, HB3567, HB2015, HB3575, HB5381, HB1431, HB3514, HB4614, HB4546, HB4683, HB5681, HB5673, HB5663, HB4271, HB4350, HB4035, HB3807, HB3812, HB3552, HB3540, HB3715, HB3710, HB3664, HB4196, HB4233, HB4173, HB1998, HB3333, HB3510, HB4222, HB2070, HB2854, HB2347, HB 113, HB983, HB4847, HB1449, HB3833, HB5151, HB265, HB1845, HB782, HB 108, HB1960, HB158, HB1954, HB1955, HB2512, HB605, HB2581, HB2803, HB627, HB2667, HB1738, HB636, HB3679, HB2638, HB2655, HB871, HB2438, HB 1107, HB1765, HB1822, HB2153, HB4099, HB3732, HB3171, HB3178, HB3182, HB3749, HB2814, HB3977, HB4204, HB4207, HB4449, HB1820, HB1876, HB1939, HB1347, HB2593, HB2136, HB2132, HB2658, HB2413, HB2757, HB2080, HB3154, HB3063, HB3009, HB3448, HB3006, HB2844, HB3241, HB3680, HB3169, HB2078, HB2507, HB4559, HB3946, HB3460, HB3405, HB475, HB3463, HB3441, HB3520, HB2060, HB4731, HB4991, HB1991, HB5596, HB2014, HB2142, HB2673, HB2731, HB2417, HB2399, HB2301, HB3335, HB3234, HB3320, HB5573, HB4848, HB4748, HB4769, HB4795, HB2086, HB2234, HB2203, HB4916, HB5624, HB4505, HB139, HB5093, HB5302, HB5402, HB5606, HB2333, HB4630, HB4701, HB2583, HB2983, HB4924, HB3339, HB3793, HB3631, HB4882, HB5509, HB5499, HB5430, HB5561, HB5611, HB5043, HB5064, HB3733, HB3781, HB3219, HB32, HB4515, HB5348, HCR76, HCR127, HCR9, HCR40, HCR118, HR559

Keywords: low-THC cannabis, dispensing organization, Texas Compassionate-Use Program, medical use, patient access, registration, healthcare, legislation, Grow Texas fund, economic stabilization, infrastructure, oil and gas, constitutional amendment, severance tax, Texas STRONG defense fund, funding, public health, workforce development, revenue transfer, Veterans' Land Board

Transcript Highlights:

• So $225 is the minimum required contribution by employers to TRS.
• TRS does not cover any weight loss... ...weight loss.
• TRS does not cover any weight loss treatments.
• ERS and TRS are everybody in that.
• TRS and ERS provider consolidation listed as a cost driver.

Keywords: 1184, house, all

Transcript Highlights:

• As you know, TRS acts as a fiduciary for our trust fund.
• TRS Retiree Health Plan, TRS CARE, where we have under... a quarter of a million lives, retired teachers
• So why we asked TRS to show up today.
• How many of those mandate requests did you do a fiscal note on for TRS? That's a great question.
• There's 109, if you said 12, most of them don't even ask for a fiscal note from TRS-ERIS.

Bills: HB138, HB335, HB388, HB138

Keywords: health impact analysis, cost analysis, coverage mandates, health insurance, legislative analysis, health care data, education, funding, classroom resources, teacher support, student outcomes, health benefits, provider dentists, payment reimbursement, insurance code, noncontracting, dental care, reimbursement, health benefit plans, noncontracting providers

Transcript Highlights:

• There would be approximately $154 million added into TRS annually relative to 24 numbers currently.
• <00:03:53.560> Health<00:03:54.200> Insurance following as the TRS Health Insurance
• <00:04:12.000> uh<00:04:12.200> pension over and go directly to TRS uh pension over
• million added into TRS annually relative to<00:04:37.880> 24<00:04:38.400> numbers<00:
• He said staff had told him, and he believed TRS could verify, that the normal cost is about 2%.

Keywords: Meeting Start: 00:17 Attendance Roll Call: 00:41 Approval of Minutes: 02:40 HB 694: 03:16 SB 183: 18:32 Discussion on PPOB Membership: 36:10 Adjournment: 42:35, 958, all

Summary: The committee first approved the minutes from its January 27 meeting and then took up House Bill 694, which would create a default rule for the Teachers’ Retirement System health insurance trust fund once it reaches 100% funding, currently anticipated around 2027. The bill would redirect two funding streams now going to the health trust—state payments on behalf of local districts and other employer contributions—into TRS pension benefits if the health fund reaches and maintains full funding. The sponsor said this would add about $154 million annually to TRS pensions and would only serve as a default if no other plan is adopted later. Members asked whether the bill would shift the unfunded liability to teachers or affect employee contributions. The sponsor and staff said it would not shift liability to teachers and would not change the employee contribution; only the employer-side payments would be redirected. Several members asked about the meaning of actuarial 100% funding, whether the fund could fall back below 100%, and whether employee contributions might be reduced in the future. The sponsor said the bill is based on actuarial projections, would revert the money back to the health trust if funding fell below 100%, and does not prevent future legislative or board action. Senator Higdon and others spoke in support of discussing the issue, noting the 2010 shared-responsibility changes and the need for a default approach as full funding is reached. The committee then heard Senate Bill 183, which would amend Kentucky law governing proxy advisers used by retirement systems. The sponsor said the bill would require proxy advisers, when handling shareholder-sponsored proposals, to act solely in the interest of retirement system members and beneficiaries and to provide an economic analysis when voting against a company board’s recommendation. He argued the measure is aimed at proxy advisers such as ISS and Glass Lewis, which he said often advance ESG-related proposals not tied to shareholder value. A guest from APCIA said the bill is meant to distinguish proxy advisers from investment managers and to strengthen the 2023 law by requiring a clearer economic justification for votes that depart from board recommendations. Members asked how proxy advisers differ from other financial advisers, whether Kentucky uses them, and whether the bill would prevent pension funds from investing in companies with ESG factors if those investments are profitable. The sponsor and guest said the bill would not bar such investments; it is intended to regulate proxy voting recommendations, not investment decisions. They described the bill as a proactive measure to reinforce fiduciary responsibility and limit outside proxy influence on pension voting. No final vote on either bill was taken in the portion of the meeting provided.

Transcript Highlights:

• that provide educational services to our schools and our teachers and therefore are members of the TRS
• program with TRS as are the<00:04:50.759> other<00:04:50.960> service<00:04:51.360>
• That's part of the system, and all the committee sub would do is direct that TRS do an annual review
• insurance trust under TRS for House Bill<00:10:25.120> 441<00:10:26.120> motion<00:10:
• He had actually looked at eliminating some of those provisions, but TRS actuaries were concerned that

Keywords: Consideration of HB 73 02:23 Consideration of HB 441 07:24 Consideration of HB 462 18:44, 958, all

Summary: The House State Government Committee met with a quorum and considered three bills. House Bill 73, as amended by committee substitute, added We Lead CS to the list of agencies participating in the Teachers’ Retirement System administrative provisions. The sponsor explained the bill corrects an oversight involving a computer science education service provider established in 2022. A question about fiscal impact was answered with no expected fiscal note or actuarial impact. The committee adopted the substitute and passed HB 73 19-0 with favorable expression. House Bill 441 addressed teacher shortages by expanding the number of retired teachers and critical-shortage-area teachers school districts may hire. The sponsor said districts could hire retired teachers up to 10% of staff and critical shortage area teachers up to 10%, replacing lower current limits and a temporary COVID-era provision that had expired. Members asked about work limits, salary rules, and how often shortage areas are identified; the sponsor said retired teachers remain subject to existing earnings limits, critical shortage teachers are paid at least a rank-two, 10-year salary, and shortage areas are identified annually by the Commissioner of Education. Supportive comments noted the bill was a stopgap and that long-term solutions should include recruitment, retention, and pay. The committee passed HB 441 19-0 with favorable expression. House Bill 462 would allow county clerks to correct marriage applications or licenses by affidavit, without requiring a lawsuit in circuit court, when there are obvious errors or omissions. The Kenton County clerk and another clerk testified that the change would help people who need corrected records for Social Security, Real ID, inheritance, and other legal purposes, while still preserving data needed by Vital Statistics. Members described the bill as a practical efficiency measure. The committee passed HB 462 19-0 with favorable expression, and the meeting then adjourned.