Bills: HB1057

Keywords: teacher salary, retirement benefits, career education, work experience credit, Texas Education Code

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.

Transcript Highlights:

• Rebecca Frickie, Executive Director of the Public Employees Retirement System.
• It appears like option one was projected as a 1% savings, option two a 3% savings, option three a 5%
• But I think part of our legislative responsibility is to explore those options.
• 1 non-grandfathered, 7.9% lower for option 2 non-grandfathered, 8.3% lower for option 3 non-grandfathered
• They're different, like retired members. They pay smaller dues.

Bills: SB2160

Keywords: health insurance, public employees, uniform group insurance, retirement, state employees, 908, all

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.

Bills: SB243, HB338, SB265, SB233, HB302

Keywords: Jefferson County, pistol permit, gun permit, firearm license, concealed carry, carry permit, sheriff, permit fee, local bill, county revenue, school funding, school security, retirement system, Sheriff's Fund, legislative delegation office fund, Gardendale, Birmingham, firearms regulation, Second Amendment, local government finance

Transcript Highlights:

• The Arizona State Retirement System administers a public pension program for qualified employees.
• , and obligations of any person covered by the program.
• of the Arizona State Retirement System's health insurance premium benefits subsidy.
• If you as legislative liaison for the Arizona State Retirement System.
• Leach has a retirement plan.

Bills: HB2089, HB2090, HB2092, HB2120, HB2138, HB2173, HB2273, HB2693, HB2786

Keywords: retirement benefits, health insurance, premium payment, Arizona State Retirement System, contingent annuitant, long-term disability, benefits limitations, disability compensation, social security, retirement system, elected officials, ASRS, eligibility waiver, age 65, property tax exemption, disability, veterans, widows, income limits, Arizona Revised Statutes

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.

Transcript Highlights:

• Chairman, I'm just not familiar with this program.
• I'm, I'm not for a person that's not familiar with what this program is.
• Yes, so the program is funded through 2 different sources.
• Chairman, if I may add, this program was created for Texas heroes, and that's the name of the program
• You have deferred adjudication in here.

Bills: SB 250, SB 375, SB 536, SB 845, SB 1633, SB 1944, SB 1957, SB 2081, SB 2137, SB 2262, SB 2299, SB 2419, SB 2452, SB 2522, SB 2549, SB 2594, SB 2605, SB 2631, SB 2639, SB 2675, SB 3029, SJR 60, HB 22, HB 1392, HB 2525

Keywords: municipal annexation, railroad, adjacent areas, local government, property rights, healthcare provider, Harris County Hospital District, hospital funding, healthcare services, public health program, home loans, nurses, veterans, public servants, Texas Heroes program, low-interest loans, social workers, housing assistance, SB 1633, Texas Tax Code

Transcript Highlights:

• You will find links to viewing options for all Senate meetings on the live and on-demand video page of
• . options. options.
• Recess. don't have is all the options to reduce don't have is all the options to reduce the<00:23:38.559
• So, we we'll we'll um they can talk about rates, other options.
• We'll try to about rates, other options.

Bills: SB99, SB585, SB2060, SB2069, SB2110, SB2115, SB2152, SB2211, SB2259, SB2315, SB2342, SB2382, SB2442, SB2446, SB2485, SB2544, SB2577, SB2580, SB2861, SB2919, SB3326

Keywords: SB99, Hawaii, Employees' Retirement System, ERS, retirant, retiree rehiring, reemployment after retirement, retirement benefits, benefit suspension, school resource officer, SRO, public school safety, Department of Law Enforcement, DLE, labor shortage, difficult-to-fill position, teacher shortage, charter school, mentor teacher, vacancy rate

Summary: The Committee on Ways and Means met for decision-making only and adopted recommendations on a long list of Senate bills, with no oral testimony taken. Early actions included SB 99 to pass unamended, SB 585 to pass with a date correction to 2015, SB 2060 to pass with amendments involving public project lists, legislative approval for fund transfers, and removal of certain appropriations, and SB 2069 to pass with amendments extending a sunset date and requiring transit-oriented development zoning. The committee also advanced several other measures, including SB 2110, SB 215, SB 2259, SB 2382, SB 2442, and SB 2485 unamended, while SB 2152, SB 2315, SB 2446, SB 2919, SB 2577, SB 2580, and SB 2861 were moved with various amendments, mostly date changes, appropriation blanks, or technical clarifications. A substantial portion of the meeting focused on SB 2211, where Department of Human Services officials explained how the department was covering costs by using restricted funds and shifting Med-QUEST funding, and noted a need for $14 million plus support for $16.5 million in ACA enhanced tax credit subsidies. The chair indicated the bill would move forward with amendments, including blanking the appropriation pending more information on lapses, and the recommendation was adopted. SB 2544 was also amended to remove a specific appropriation and replace it with a blank cap on funds from DUR, and SB 2342 was amended to require projects to be in transit-oriented development zones and to reflect prior committee concurrence. The most extended debate was on SB 3326, which would address utility restructuring. One senator opposed the bill, arguing it could raise rates, worsen reliability issues, and disrupt an existing utility without a clear plan, especially given island-specific conditions. Supporters argued the bill would separate generation from transmission and distribution, create competition, protect union jobs, and respond to aging infrastructure and financial weakness in the utility sector. After recesses and discussion of the Public Utilities Commission’s role, the chair changed the recommendation from pass unamended to pass with amendments requiring the PUC to conduct a study, provide an interim report before the next session, and a final report the following session. That amended recommendation was adopted, and the meeting then adjourned with no further business.

Transcript Highlights:

• Uh, and they vary depending on what program and how the retired teacher is returning to work.
• and how the depending on what program and how the retired<00:30:14.000> teacher<00:30:14.240>
• The bottom two rows are our other retirement program rows, and this is very, very lightly used, and again
• <00:32:14.799> program rows are our other uh retirement program rows are our other uh retirement
• And under the waiver program, a retired member may return to work by waiving or temporarily suspending

Keywords: Meeting Start: 00:00:09 Attendance Roll Call: 00:01:42 Approval of Minutes: 00:03:23 Overview of Actuarial Audit Process: 00:03:47 Overview of Reemployment After Retirement Provisions: 00:25:26 Teachers’ Retirement System: 00:25:26 Kentucky Public Pensions Authority: 00:50:32 Adjournment: 01:02:55, 958, all

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.

Bills: HB1057

Keywords: teacher salary, retirement benefits, career education, work experience credit, Texas Education Code, 1185, senate, all

Transcript Highlights:

• It is a pilot program. Implementation would occur on October 1st.
• The pilot program would include one section of interstate in the state of Alabama only.
• It is a pilot program. present. It is a pilot program.
• Uh it would the pilot program<00:20:33.200> would<00:20:33.440> include<00:20:33.919>
• > one<00:20:34.240> section<00:20:34.640> of program would include one section of program

Bills: SB222, HB560, HB475, HB484, HB583, HB542, HB566

Keywords: medical clinic board, clinic board, hospital bankruptcy, Chapter 11, bankruptcy, debt restructuring, municipal indebtedness, municipal bankruptcy, health care provider, acute care hospital, lease property, board immunity, director liability, civil liability, healthcare finance, insolvency, debt readjustment, federal bankruptcy law, Alabama Code 11-58-5.2, library materials

Transcript Highlights:

• It's uh good to be Retirement System.
• General Counsel for Teachers Retirement General Counsel for Teachers Retirement System.
• first slide uh represents the retirement first slide uh represents the retirement annuity<00:37:
• assets in the retirement annuity trust. assets in the retirement annuity trust. as<00:42:27.200>
• Uh in the waiver waiver program.

Keywords: Meeting Start: 00:00:01 Attendance Roll Call: 00:01:26 Approval of Minutes: 00:02:27 Investment, Cash Flow, and Legislative Update: Bo Cracraft – Judicial Form Retirement System: 00:03:12 Ryan Barrow – Kentucky Public Pensions Authority: 00:21:52 Beau Barnes – Teachers’ Retirement System: 00:34:31 Adjournment: 01:07:25, 958, all

Summary: The meeting opened with the Pledge of Allegiance and prayer, followed by a roll call confirming a quorum and approval of the prior minutes. A special guest, Dave Eager, was welcomed before the committee moved to presentations from retirement system officials. Bo Craycraft, executive director of the Judicial Form Retirement System, gave a quarterly update on investment performance, asset allocation, and cash flow. He said the plans had held up well amid market volatility, with fiscal year-to-date returns above benchmark and long-term returns remaining strong. He explained that the plans are targeted to a 70% equity/30% fixed-income allocation, that some cash is being held for cash-flow management, and that negative cash flow is expected because of funding and contribution levels. He also said Senate Bill 183, dealing with proxy voting and economic analysis for certain votes, was not expected to materially affect the plans because of their small number of holdings and Bear Trust’s long-term investment approach. Ryan Barrow and Erin Surrod then presented for the Kentucky Pension Authority. They reported positive quarterly performance across the retirement and insurance funds, though results varied by period and remained tied to broader market conditions. They said recent asset-allocation changes had been completed and the funds were now within target ranges. On cash flow, they noted some plans remained negative or near zero, with one plan benefiting from a large appropriation. In the legislative update, they described House Bill 30 as codifying an exclusion from pension-spiking calculations for across-the-board raises, and Senate Bill 10 as increasing retiree health insurance subsidies and changing employee health insurance contribution rules for certain CERS members beginning in 2026. They also said Senate Bill 183 would likely have limited impact, though the agency would review voting policies and incorporate any required economic-analysis procedures.

Transcript Highlights:

• Parati Uma Paneker, a retired dermatologist from the Kaiser Permanente Kona Medical Office.
• Parati Uma Paneker, a retired dermatologist from the Kaiser Permanente Kona Medical Office.
• Parati Uma Paneker, a retired dermatologist from the Kaiser Permanente Kona Medical Office.
• Parati Uma Paneker, a retired dermatologist from the Kaiser Permanente Kona Medical Office.
• Parati Uma Paneker, a retired dermatologist from the Kaiser Permanente Kona Medical Office.

Bills: HB2240, SB896, SB2060, SB2152, SB2315, SB2544, SB2577, SB2580, SB99, SB2110, SB2115, SB2259, SB2382, SB2442, SB2485, SB895, SB2112, SB3019

Keywords: appropriations, legislative expenses, auditor, legislative reference bureau, state ethics commission, ombudsman, government transparency, education, capital improvement, reporting, transparency, technical expertise, rental housing revolving fund, HHFDC, Hawaii Housing Finance and Development Corporation, mixed-income housing, mixed-income rental project, affordable housing, low-income housing, housing finance

Transcript Highlights:

• program up, we uh came up with a program program up, we uh came up with a program called<00:07:44.840
• Road Program.
• The Transportation Alternative Program is a federally funded program.
• And it is a good program.
• It It's a great program.<00:48:32.680> It<00:48:32.880> It program. It It program.

Keywords: 00:05 Call to Order and Roll Call 01:55 Bridge Improvement Program 18:56 County Priority Projects Program 38:10 Transportation Alternative Program 51:47 Adjournment, 958, all

Summary: The committee met for the first interim meeting of the 2025 Budget Review Committee on Transportation and heard from Bobby Jo Lewis, commissioner of Rural and Municipal Aid at the Kentucky Transportation Cabinet. She reviewed the new County City Bridge Improvement Program, created in the 2024 regular session, reporting that phases one and two are complete, 45 bridges have been funded so far, and about $18.45 million has been authorized. She said roughly $6.549 million remains for phase three in the current fiscal year, with about $26.445 million in bridge applications still pending. For fiscal year 2026, the program will again have $25 million and will use four application phases. She also described a training resource, Local Bridges 101, and said a new executive advisor, Greg Meredith, has been brought in to help with the bridge program. Members asked how rollover applications would be handled, whether they would be re-evaluated with new applications, how the program would account for bridge longevity and load posting, and how isolated communities would be prioritized. Lewis said applicants not funded in FY25 would be contacted and could choose to roll their applications into FY26, and all applications would be evaluated together at the end of each phase. She said preservation projects are assessed for how much they extend a bridge’s life, and isolated community access bridges or closed bridges with no detour access receive priority. She also said the department aims for equitable distribution across regions and plans to produce a map showing where funds have been awarded. Lewis then turned to the County Priority Projects Program and the Local Assistance Road Program established in House Bill 546 and related resolutions. She said the application cycle opened June 1 and closes October 1, with 106 memoranda of agreement being prepared for awards in House Joint Resolution 46. She described updated application and reporting forms, a scoring matrix, and a County City Pavement Evaluation Manual used to rate projects based on preservation of assets, average daily traffic, recent improvements, safety, cost, and district priority. She said projects must be rehabilitation projects designed to restore the original condition of the road, cannot exceed $500,000, and must use local match percentages tied to the economic development grant program formula. She also reported on funding status for prior road projects, including completed, partially completed, pending, and underrun amounts that may be reauthorized. Committee members asked about photo documentation, online access to project materials, how to measure whether projects truly restore roads to original condition, and what happens when project costs exceed estimates. Lewis said the department is still working on how best to store and share the large volume of photos, and that projects are certified through district offices and local sign-off after completion. She said overages are the responsibility of the applicant because the state does not have additional money beyond the awarded amount. No formal votes were taken during the discussion.

Bills: HR2, HR37, HR61, HCR11, HCR64, HB89, HB183, HB341, HB371, HB451, HB480, HB520, HB541, HB579, HB597, HB816, HB1004, HB1064, HB1165, SB44

Keywords: transparency, accountability, Justice Department, FBI, Jeffrey Epstein, victim protection, investigation, public trust, HR37, House Resolution 37, Honduras veterans, Armed Forces Expeditionary Medal, military medal, veteran recognition, Congress memorialization, U.S. veterans, foreign deployment, 1981 to 1992, military service awards, combat support

Transcript Highlights:

• If you don't know about SoonerArt, it really is a great program.
• House Bill 4341 by Moore of the House and Rader of the Senate, an act relating to retirement.
• The education infrastructure linked deposit program is created by Thank you, Mr. Speaker.

Bills: HB4319, HB4317, HB1225, HB3076, HB3081, HB4226, SCR17, HB4432, HB3304, HB3411, HB3435, HB4339, HB4331, HB4341, HB4342, HB1770, HB1016, HB4113, HB2950, HB4141, HB3277, HB2988, HB3029, HB3338, HB1889, HB3834, HB3831, HB2939, HB3045, HB3657, HB1739, HB3759, HB3755, HB4484, HB4486, HB4108, HB1250, HB2961, HB1219, HB3025, HB1782, HB1907, HB3718, HB4459, HB2976, HB3548, HB3545, HB2952, HB2929, HB2956, HB2973, HB3055, HB3086, HB3040, HB3794, HB4336, HB3151, HB1590, HB3581, HB3313, HB3429, HB3448, HB1752, HB2650, HB3584, HB4202, HB3586, HB4321, HB4280, HB3650, HCR1020, HB2116, HB2206, HB4301, HB3625, HB3147, HB3403, HB3498, HB3970, HB3975, HB3976, HB3980, HB4265, HB4266, HB3638, HB3880, HB3930, HB3942, HB3944, HB4191, HB3242, HB3678

Keywords: administrative procedures, rulemaking authority, specific authority, legislative review, agency rules, accounting, CPA, licensure, educational requirements, reciprocity, professional conduct, vital records, birth certificate, birth registration, biological sex, sex designation, male, female, nonbinary, gender identity

Transcript Highlights:

• He's currently serving as the medical director of the PA program and co-medical director for the URA.
• I'm looking at information of these programs that exist in other states where this program does not exist
• But I would have been better served, Speaker, if I had started out enrolled in education programs and
• We should let Inspired to Teach work its effectiveness on our teacher program.
• Tony is retired Now, but you can tell by the uniform that he is still serving his community.

Bills: HB4319, HB4317, HB1225, HB3076, HB3081, HB4226, SCR17, HB4432, HB3304, HB3411, HB3435, HB4339, HB4331, HB4341, HB4342, HB1770, HB1016, HB4113, HB2950, HB4141, HB3277, HB2988, HB3029, HB3338, HB1889, HB3834, HB3831, HB2939, HB3045, HB3657, HB1739, HB3759, HB3755, HB4484, HB4486, HB4108, HB1250, HB2961, HB1219, HB3025, HB1782, HB1907, HB3718, HB4459, HB2976, HB3548, HB3545, HB2952, HB2929, HB2956, HB2973, HB3055, HB3086, HB3040, HB3794, HB4336, HB3151, HB1590, HB3581, HB3313, HB3429, HB3448, HB1752, HB2650, HB3584, HB4202, HB3586, HB4321, HB4280, HB3650, HCR1020, HB2116, HB2206, HB4301, HB3625, HB3147, HB3403, HB3498, HB3970, HB3975, HB3976, HB3980, HB4265, HB4266, HB3638, HB3880, HB3930, HB3942, HB3944, HB4191, HB3242, HB3678

Keywords: administrative procedures, rulemaking authority, specific authority, legislative review, agency rules, accounting, CPA, licensure, educational requirements, reciprocity, professional conduct, vital records, birth certificate, birth registration, biological sex, sex designation, male, female, nonbinary, gender identity

Transcript Highlights:

• But the idea of the concept, I think, is that when someone goes off and they retire, then you need...
• Retire and then you need to rehire them back.
• that, but I think we need... because we're doing this so often, we don't want to create another DROP program
• I think all cities have an option to come into the RSA. This is only for the city council...
• Okay, optional. In fact, are there any other questions? Any objections?

Bills: SB208, SB216, HB187

Keywords: Montgomery, retirement system, employees, constitutional amendment, city council, retired law enforcement, retirement benefits, employment, firemedics, salary cap, HB187, court fees, docket fee, sheriff's fund, sheriff's office, jail operations, law enforcement, county sheriff, court filing fees, Alabama Code 12-19-312

Transcript Highlights:

• Some are in some good programs.
• Some are in some good programs.
• lot of police chiefs and commanders and captains in both these departments that either been here or retired
• lot of police chiefs and commanders and captains in both these departments that either been here or retired
• And so that took a lot of programming out for young boys and young girls.

Bills: HB450, HB469, SB298, HB450, HB638, HB469, SB298

Keywords: HB450, judges, judicial office, constitutional amendment, Alabama Constitution, age limit, mandatory retirement, judicial eligibility, supernumerary judge, judicial retirement, state judicial retirement benefits, election law, appointment, voter approval, ballot measure, Judiciary Committee, ambulance services, balance billing, health insurance, emergency transportation

Transcript Highlights:

• It's just simply a procedure to give state employees and retired state employees a cost of living increase

Bills: SB107, HB158, HB353, HB354, HB357, HB181, HB465, HB526

Keywords: SSUT, simplified sellers use tax, sales tax distribution, municipal revenue, municipal population, annexation, deannexation, incorporation, boundary change, federal census, decennial census, Department of Revenue, local government finance, revenue sharing, municipal boundaries, population recalculation, probate judge, Boundary and Annexation Survey, Alabama municipalities, HB158

Transcript Highlights:

• This is a program for the retirees. This is a program for life.
• Uh financial planning program. Okay. Uh financial planning program.
• for the teachers retirement system. for the teachers retirement system.
• of retired teachers health insurance. of retired teachers health insurance.
• teacher retires. teacher retires.

Keywords: Meeting Start: 00:00:35 Attendance Roll Call: 00:00:55 Approval of Minutes: 00:02:56 Deferred Compensation Authority Update: 00:03:12 Retiree Health Update - TRS: 00:15:58 Retiree Health Update - KPPA: 00:56:13 Adjournment: 01:20:33, 958, all

Summary: The Public Pension Oversight Board received updates from the Kentucky Public Employees Deferred Compensation Authority and the Teachers Retirement System. Chris Biddle reported that deferred compensation assets had grown to about $4.787 billion with roughly 88,000 participants, crediting auto-enrollment, targeted marketing around pay raises, and retiree-focused services. He said the board’s self-directed brokerage account, authorized by last year’s legislation, is being designed around a $40,000 account-balance threshold with up to 25% transferable into the brokerage window, tentatively for July 1 of the coming year. He also described the free financial planning program, which has been used by about 3,300 to 3,500 participants with an 87% return rate, and noted that the plan is currently in a fee holiday; members asked about the fee structure and whether the CFP service is provided through Nationwide, which Biddle confirmed. Board members praised the deferred compensation program’s growth and asked for the legislation referenced by Biddle. He said the plan’s annual fees are capped, with a $1 monthly fee plus other charges up to a $225 cap, for a maximum of $237 per year absent a managed account. He also said the program is seeking unified payroll access to expand participation, especially among teachers, and that prior lineup changes saved about $6 million annually in participant fees. Bo Barnes of TRS then addressed retired teachers’ health insurance, first clarifying a prior question about declining federal contributions to the retirement annuity trust. He explained that federally funded school positions generated contributions that rose from $72 million in 2019 to $109 million in 2022, then fell to $85 million this year, with a projection of $80 million over the next three years; if those dollars do not come from federal sources, they would have to be replaced through the SEEK formula. Barnes then reviewed TRS health coverage, explaining that the statutory contract guarantees access to group coverage but not fixed premium levels, and that TRS administers two retiree plans: KEHP for retirees under 65 or otherwise not Medicare-eligible, and MEHP for retirees 65 and older or Medicare-eligible. Barnes said TRS completed RFPs for the 2026 plan year, retaining Express Scripts for prescription drugs and switching the Medicare Advantage medical provider from UnitedHealthcare to Humana, while keeping plan design, provider access, out-of-pocket costs, and benefits materially unchanged. He noted a modest hearing-aid improvement of $500 per ear beginning in 2026. He also reported that the TRS Board approved the maximum state contribution for KEHP at $1,044.96, up from $930.76, an 18% increase that he said would require about $15 million to $16 million more annually, while the MEHP premium would drop from $210 to $200 per month because of the new contract. Using the 2024 valuation, he said the KEHP increase would slightly reduce the health trust funded ratio from 80.4% to 80.1% and raise unfunded liability from $4.036 billion to $4.051 billion. Barnes closed by reviewing the 2010 shared-responsibility reforms that shifted retiree health costs away from a pay-as-you-go model, including phased employee and district contributions and Commonwealth stabilization funding. No votes were taken beyond approval of the minutes.

Transcript Highlights:

• This is a program for life.
• This is a program for life. We retirees. This is a program for life.
• Uh financial planning program. Okay. Uh financial planning program.
• on retired teachers health insurance. on retired teachers health insurance.
• teacher retires. teacher retires.

Keywords: Meeting Start: 00:00:35 Attendance Roll Call: 00:00:55 Approval of Minutes: 00:02:56 Deferred Compensation Authority Update: 00:03:12 Retiree Health Update - TRS: 00:15:58 Retiree Health Update - KPPA: 00:56:13 Adjournment: 01:08:10, 958, all

Summary: The Public Pension Oversight Board met with a quorum, approved the prior minutes, and heard updates from the Kentucky Public Employees Deferred Compensation Authority and the Teachers Retirement System. The deferred compensation update highlighted continued growth in assets to about $4.787 billion and roughly 88,000 participants, strong retention from auto-enrollment, a marketing campaign tied to pay raises that generated additional participation, and a new self-directed brokerage account expected to launch July 1 of the coming year for participants with at least a $40,000 balance, allowing up to 25% of their account to be moved into the brokerage window. The director also described the free financial planning service, which has been used by about 3,500 participants with a high return rate, and said the plan is currently in a fee holiday; if fees are charged, they are capped at $237 per year for most participants. Members asked questions about who provides the CFP service, the fee structure, and the brokerage eligibility threshold. The director said the CFP service is provided through the authority’s service bundle with Nationwide, not as a separate paid service, and explained that the fee cap and current fee holiday are intended to keep the program low-cost. Board members praised the deferred compensation program’s performance and asked for a copy of the legislation referenced in the presentation. TRS then presented on retired teachers’ health insurance. Barnes first clarified how declining federal contributions for federally funded school positions affect the retirement annuity trust, explaining that if those federal dollars fall, the amounts would need to be covered through the SEEK formula and that the projection for those contributions is about $80 million over the next three years. He then reviewed TRS retiree health coverage, distinguishing between KEHP for retirees under 65 or not Medicare-eligible and MEHP for Medicare-eligible retirees, and explained that TRS recently completed RFPs for both prescription drug and medical coverage. TRS will keep Express Scripts for prescription drugs, but will move the Medicare Advantage medical plan from UnitedHealthcare to Humana on January 1, 2026, while keeping the plan design, provider access, and out-of-pocket structure largely unchanged, with a new hearing-aid benefit of $500 per ear. Barnes also reported the 2026 premium and contribution changes: the maximum TRS contribution toward KEHP will rise to $1,144.96 from $930.76, an 18% increase that he said will require roughly $15 million to $16 million more in the state budget, while the MEHP premium will drop to $200 per month from $210. He said the TRS board has statutory authority to set these amounts and that the changes will have mixed actuarial effects, with the KEHP increase being negative overall and the MEHP decrease positive.