Video & Transcript Research : 'Teacher's Retirement System'

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AL

Alabama 2026 Regular Session

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

Finance and Taxation General Fund

Transcript Highlights:
  • Current law does not specify the status of such employees under the merit system.
  • Current law does not specify the status of such employees under the merit system.
  • </c><00:20:05.120><c> I'm</c> employees under the merit system.
  • I'm employees under the merit system.
  • This bill is for more law enforcement officers' retirement benefits. >> Yes, sir.
AL

Alabama 2026 Regular Session

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

Finance and Taxation General Fund

Transcript Highlights:
  • </c> are able to participate in retirement. are able to participate in retirement.
  • . supernumeary retirement and um what this supernumeary retirement and um what this act<00:45:47.440>
  • Supernumerary system. It does away. It is not a supernumerary.
  • This is for only those individuals that pay into the system.
  • I was going to let him do this one, but call the next bill. retire at 62, 18 years service, a 5year retire
TX
Transcript Highlights:
  • helps ensure that the Texas Municipal Retirement System (TMRS) remains a viable and attractive system
  • I don't see any questions, but we have a resource witness from the Texas Municipal Retirement System.
  • It's a new tier established under the Texas Teachers Retirement System in 2014.
  • A new tier was established within the Teacher Retirement System that affected any member who wasn't invested
  • I normally oppose studies, but I know when we get into the retirement system these things need to be
OK

Oklahoma 2026 Regular Session

Joint Committee on Appropriations and Budget Apr 13th, 2026 at 04:30 pm

Joint Committee on Appropriations and Budget

Transcript Highlights:
  • This one is for a teacher’s retirement system.
  • For those who have been retired at least eight years as of June 30, there is a 3% increase.
  • For those who have been retired at least 10 years, in the 10-year to 20-year range, it’s a 3% COLA.
  • adjustment for those retired more than 20 years.
  • COLA for retired judges: 3% for those with 10 to 20 years, and 6% for those over 20 years.
OK

Oklahoma 2026 Regular Session

Joint Committee on Appropriations and Budget 3rd Revised Apr 13th, 2026 at 04:30 pm

Joint Committee on Appropriations and Budget

Transcript Highlights:
  • We speak directly with the Teacher Retirement System, and these numbers came from them.
  • Members, this is a cost of Living adjustment for the public employees retirement system.
  • Retired.
  • They're in between two systems.
  • If the amount allocated to the teacher's retirement system is insufficient to meet what the credits that
OK

Oklahoma 2026 Regular Session

Joint Committee on Appropriations and Budget Apr 13th, 2026

Joint Committee on Appropriations and Budget

Transcript Highlights:
  • This one's for a teacher's retirement system.
  • For those who have been retired at least eight years as of June 30, there is a 3% increase.
  • For those who have been retired at least 10 years, in the 10-year to 20-year range, it's a 3% COLA.
  • adjustment for those retired more than 20 years.
  • COLA for retired judges: 3% for 10 to 20 years, and 6% over 20 years. Happy to answer questions.
Summary: The Joint Committee on Appropriations and Budget met to consider a long agenda of appropriations, retirement COLAs, revolving funds, and limits bills. Early actions included Senate Bill 1144 and Senate Bill 1145, which provided cost-of-living adjustments for retired teachers and OPRS retirees, respectively, and Senate Bill 1146, 1147, 1148, and 1149, which extended similar retirement benefit increases or a one-time stipend for law enforcement, firefighters, judges, and certain retired police and firefighters. The committee also advanced bills funding the Pardon and Parole Board, OSBI cybercrimes and fraud work, juvenile medication, and several agency limits bills for Health Care Authority, Health Department, Mental Health and Substance Abuse Services, and DHS. Members also heard and passed a series of education, public safety, and economic development measures, including funding for school security at the School for Science and Math and the Schools for the Blind and Deaf, support for National Board certified teachers, and appropriations for the Rural Health Transformation Program, the Decennial Census Revolving Fund, Task Force One, and the Oklahoma State Bureau of Investigation forensic center. Several bills created or expanded revolving funds and financing tools, including military readiness and aviation funds, a taxpayer endowment trust fund, water infrastructure loan and REAP-related measures, and a revised non-coal mining fee structure. The committee also approved a bill increasing court reporter pay and another reducing employer contributions to the retirement system after it reached over 100% funding. There was notable discussion on a $5 million film-related pilot program for sitcom production, with questions about the amount and certification requirements, and on a rural economic development package that included money for the state fairgrounds and a university energy plant, which drew objections over whether those projects fit the intended purpose of rural prep funds. Other debated items included a bill directing funds to the Oklahoma Dream Act/Trump accounts, a bill rejecting judicial pay increases recommended by the Board of Judicial Compensation, and a proposal to move $200 million from the stabilization fund into a new Taxpayer Endowment Trust Fund. Most measures were reported out with due pass votes, though several drew dissenting votes, including the film bill, the fairgrounds/economic development bill, the water projects bill, and the trust fund and judicial pay measures. The committee adjourned after completing the agenda.
WA

Washington 2025-2026 Regular Session

Senate Ways & Means Jan 22nd, 2026 at 04:00 pm

Ways & Means

Transcript Highlights:
  • System, or LEOFF.
  • System, or LEOFF.
  • There's a fiscal note, starting with the Department of Retirement Systems, which shows one-time costs
  • This legislation makes our wildland firefighters eligible for membership in the LEOFF retirement system
  • I know you characterize this as technical by the Department of Retirement System, but some of the language
Summary: The Ways and Means Committee held public hearings on several tax and retirement-related bills. Senate Bill 6073 would move eligible Department of Natural Resources wildland and aviation firefighters from PERS into LEOFF 2 prospectively. Committee staff outlined the higher retirement age and benefit costs under LEOFF 2 and noted a small implementation cost and a modest actuarial rate increase. DNR and labor representatives supported the bill, saying the firefighters face significant physical and mental risks and deserve LEOFF coverage; a senator asked about LEOFF board review and was told the bill was requested by DNR, not the board. Senate Bill 6113 was presented as a set of technical and administrative tax-code fixes tied largely to last session’s ESSB 5814, including clarifying taxable retail services, use tax treatment, a transition period for businesses reclassified into retailing B&O, and other corrections. DOR said the bill codifies guidance and is revenue neutral, while several speakers from schools, arts groups, newspapers, broadcasters, and business organizations said some provisions go beyond technical cleanup and would continue or expand unintended consequences from last year’s tax changes. Concerns focused on sales tax treatment of school services, live presentations and rehearsals, and a new section affecting newspaper and broadcaster advertising exemptions if litigation is lost. Some business groups were supportive of the technical fixes but asked for amendments. Senate Bill 6116 would restore the vapor products tax structure for nicotine-containing vapor products, moving them back to the per-milliliter tax and restoring revenue distributions to the Andy Hill Cancer Research account and the Foundational Public Health Services account, retroactive to January 1, 2026. Supporters from public health and the cancer fund said the bill would correct an unintended diversion of revenue and preserve funding, while tobacco-control groups opposed lowering the tax on vapor products, arguing it would weaken public health policy. Retailers and harm-reduction advocates supported the bill, saying the 95% tax created compliance problems, harmed small businesses, and encouraged illicit sales. Senate Bill 6129 proposed a broader overhaul of nicotine and tobacco taxes, including a single 90% tax on nicotine products, a 10% flavor tax, higher cigarette taxes, and new distributions to cancer research and public health accounts. Public health, pediatric, and anti-tobacco groups strongly supported the bill as a way to reduce youth use and raise revenue, while retailers, tobacco businesses, and some consumers opposed it as regressive, harmful to small businesses, and likely to drive sales to illicit or out-of-state markets. Several speakers also raised concerns about tribal consultation, the treatment of menthol and flavored products, and the impact on modified-risk products. The committee also heard briefings and began testimony on Senate Bill 6162, a property tax reform bill that would expand senior and disability property tax relief, increase income thresholds and deductions, and consolidate the state property tax rate.
TX

Texas 89th Regular

State Affairs (Part II) Mar 17th, 2025

State Affairs

Transcript Highlights:
  • would open up in any way to other concerns in the industry with regard to our complex three-tier system
  • open up in any way, uh, to other concerns in the industry with regard to our, our complex three-tier system
  • and so forth, I think that's a bigger opportunity down the road for Texas, obviously to look at our system
  • broadly, the three-tier system, how it works and so on and so forth.
  • is absolutely correct that we should have a broader discussion around what we do in the three-tier system
Summary: The Senate Committee on State Affairs resumed consideration of several pending bills, first taking up Senate Bills 667, 1349, 1585, and 2312. After inviting testimony had already been heard, no members of the public came forward to testify on any of those measures, and the committee closed public testimony and left all four bills pending. The committee then heard Senate Bill 1355, which Senator Parker explained as a committee substitute aimed at helping Texas distillers recover unpaid invoices from wholesalers. The substitute would require distillers to invoice at the time of purchase, send a demand letter if payment terms are violated, and allow complaints to be filed with the Texas Alcoholic Beverage Commission, which could determine an appropriate penalty based on the facts. Natasha Dehart of Bent Distilling Company testified in support, describing serious cash-flow problems and unpaid invoices from a Texas wholesaler that had forced layoffs, late vendor payments, and operational strain. No one testified against the bill, and it was left pending. The committee also heard Senate Bill 1378, a narrowly tailored local bill for a Carrollton facility recently acquired by Sazerac that employs more than 1,000 Texans. Senator Parker said the bill would create a limited exemption to avoid forcing the company to shut down or move because of current permit restrictions, while preserving the three-tier system and preventing the company from selling wine to itself. A Texas Alcoholic Beverage Commission resource witness said the bill was drafted so it would not open the door to broader industry changes. Mason Moreland testified against the bill as filed, arguing it gave special treatment to one company and failed to address broader problems in the wine industry, including direct-to-consumer sales and permit issues. After questions from senators, public testimony closed and SB 1378 was left pending. The committee then recessed subject to the call of the chair.
AL

Alabama 2025 Regular Session

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

Ways and Means General Fund

Transcript Highlights:
  • House Bill 227 by Representative Firefighters to limit the post-retirement House Bill 227 limits the
  • post-retirement qualifying period for benefits for certain occupational diseases.
  • House Bill 556 concerns the employment of certain retired law enforcement officers.
  • participation in the supernumerary program and the employees' retirement system.
  • without penalties or reductions to their retirement benefits. ...they cannot draw the ERS retirement
AL

Alabama 2026 Regular Session

Alabama House Transportation, Utilities and Infrastructure Committee Mar 11th, 2026

Transportation, Utilities and Infrastructure

Transcript Highlights:
  • So it would replace line 53 on page two with the following: wastewater treatment system except for any
  • 40.800><c> two</c> So, it would replace line 53 on page two with the following: wastewater treatment system
  • In all but very rare occasions, relocations typically coincide with what we call system enhancement or
TX
Transcript Highlights:
  • company cannot use the new permit structure to circumvent taxes in our three-tier alcohol distribution system
  • would open up in any way to other. concerns in the industry with regard to our complex three-tiered system
  • I think that's a bigger opportunity down the road for Texas, obviously, to look at our system. broadly
  • , the three-tier system, how it works, and so on and so forth.
  • absolutely correct that we should have a broader discussion. around what we do in the three-tier system
AL

Alabama 2026 Regular Session

Alabama House Ways and Means General Fund Committee Jan 21st, 2026

Ways and Means General Fund

Transcript Highlights:
  • It's going to allow them to draw over from the regular retirement system and close that out the same
  • </c><00:12:50.560><c> system</c> program and employees retirement system program and employees retirement
  • </c><00:13:01.120><c> circuit</c> system of retirement that the circuit system of retirement that the
  • system and and the regular retirement system and and that<00:13:09.760><c> one</c><00:13:09.920><c>
  • </c> the retirement system. the retirement system. &gt;&gt; That's<00:13:16.320><c> correct.
AL

Alabama 2026 Regular Session

Alabama Senate Finance and Taxation General Fund Committee Feb 25th, 2026

Finance and Taxation General Fund

Transcript Highlights:
  • continue to restore confidence in our election system.
  • They opt into the system." &gt;&gt; Hi. &gt;&gt; Hi.
  • They opt<00:29:21.560><c> into</c><00:29:21.800><c> the</c><00:29:21.920><c> system.
  • </c> opt into the system. opt into the system.
  • </c> "Uh, choice to opt into the system. Explain how that works.
AL

Alabama 2026 Regular Session

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

Ways and Means General Fund

Transcript Highlights:
  • So state already allows us to do this for a lot of retirement systems, including military and other state
  • retirement systems as well.
  • systems including military of retirement systems including military uh<00:30:17.039><c> other</c><00
  • :30:17.360><c> state</c><00:30:18.080><c> uh</c><00:30:18.240><c> retirement</c><00:30:18.799><c> systems
  • </c><00:30:19.200><c> as</c> uh other state uh retirement systems as uh other state uh retirement systems
AL

Alabama 2026 Regular 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

Kentucky 2026 Regular Session

House Legislative Session Day 59 (4-14-26) - Part 1

Kentucky House Floor Meeting

Transcript Highlights:
  • </c> Medicaid system. Medicaid system.
  • This is in our justice system matters.
  • c><01:14:14.719><c> common</c> systems when our system of common systems when our system of common schools
  • </c> down by the court system. Thank you, Mr. down by the court system. Thank you, Mr. Speaker.
  • You know what we've seen in this system.
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.
  • And so, there would be some system if someone tried to overcharge what they had deposited.