Video & Transcript Research : 'Employees Retirement System'

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TX
Transcript Highlights:
  • There is a system by which we can check whether or not someone has insurance, right? Right.
  • The current system allows repeat offenders to operate with impunity.
  • Senate Bill 1555 aims to bolster the safety for both the general public and railroad employees.
  • Often a railroad employee must perform a reverse shove move, backing up while riding on the side of a
  • In fact, between 2020 and 2021. before, 43 people were killed involving a train on an off-system road
AL

Alabama 2025 Regular Session

Alabama House Ways and Means Education Committee Feb 26th, 2025

Ways and Means Education

Transcript Highlights:
  • So, you're not really open to retirement, not just being retired because you're looking at... ...retired
  • Now, they're retired, so they have an income, but I'm worried about those who are still working, those
  • Current law authorizes various agencies including the Alabama Community College System, the Alabama Fire
  • If you have that, the community college... ...have that, the community college system asked to include
  • The cap... who determines the cap, the entity or the two-year college system?
NH
Transcript Highlights:
  • Right now in the retirement system, 20% of the members are state employees and 80% are municipal employees
  • Are the employees of the New Hampshire Retirement System? Oh, yeah, we are.
  • plan group for new state employee members of the retirement system.
  • retirement employee members of the retirement system<04:53:35.160> over<04:53:35.400> the<
  • employee leaves the New Hampshire retire employee leaves the New Hampshire retire system<04:55:11.280
Keywords: 928, house, all
Summary: The committee first took up House Bill 622, but after the sponsor said further research raised concerns, he asked that the bill be tabled. The committee then moved in executive session and voted unanimously to find the bill inexpedient to legislate, sending it to consent. The committee also retained House Bill 349, the ophthalmologic laser bill, after members said more time was needed for the professions involved to work out training standards and provide additional information; that motion also passed unanimously. The committee then discussed House Bill 244, a municipal building/fire code recodification measure. Members said the bill needed more review and careful scrutiny because of its length and possible unintended effects, and they voted unanimously to retain it as well. House Bill 534 was then heard; the sponsor said the bill did not do what was intended because of a misunderstanding about current processing, and the committee voted inexpedient to legislate and placed it on consent. The committee next considered House Bill 233, with an amendment to remove a requirement affecting the New Hampshire Vaccine Association. Supporters argued the bill would reduce an unnecessary burden and improve transparency, while opponents said the committee should not single out one private 501(c)(3) organization. The amendment was adopted 8-5, and the bill as amended then passed 7-6; a minority report was requested. Finally, the committee opened House Bill 536, a proposed 1.5% cost-of-living adjustment for certain state retirees. The sponsor and supporters argued retirees had not received adequate COLAs and that the bill would help offset inflation, while the retirement system testified that the proposal would add significant costs, including an estimated $1.5 million for the state, $6.6 million for political subdivisions, and about $100.7 million in present-value unfunded liability, with the impact reflected in future employer contribution rates.
LA

Louisiana 2026 Regular Session

Finance May 5th, 2026

Finance

Transcript Highlights:
  • employees to a database based on an allegation.
  • It's no longer 688 new employees, $90 million a year?
  • So $27.5 million and how many new employees? So total new employees, it was 200.
  • So 27.5 million and how many new employees? So total new employees, it was 200.
  • I am a 40-year retired DCFS employee. I'm a licensed clinical social worker.
OK

Oklahoma 2026 Regular Session

Education 3RD REVISED Feb 24th, 2026 at 10:30 am

Education

Transcript Highlights:
  • service, which I am very in favor of if it's a community-provided service, versus an additional employee
  • those teachers, and what happens is you end up with a closed shop, and that happens you end up in a system
  • My question would be, does the state Department of Education publish this three-tiered system?
  • First of all, I hope that you understand, you're not so disconnected from the school system that our
  • , then we shouldn't ask those families to then just fully bear the cost to go essentially fight a system
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Public Service Jun 21st, 2026 at 01:00 pm

Joint Committee on Public Service

Transcript Highlights:
  • Under our current retirement law, once a system reaches full... ...employees.
  • So 10 years ago, almost 50 years after joining the Massachusetts State Employee Retirement System, the
  • In 1967, the Neshoba petitioned to become part of the Massachusetts State Employee Retirement System.
  • In 1967, Neshoba petitioned to become part of the Massachusetts State Employee Retirement System.
  • That's S. 1799, which would expand the state employee retirement system to include employees in these
Keywords: 995, all
Summary: The Joint Committee on Public Service heard testimony on a wide range of retirement, municipal workforce, and public employee labor bills. Early testimony focused on H. 2749, a Plymouth home rule petition to classify Plymouth harbormaster employees as Group 4 for retirement purposes. Supporters, including local officials and retirement board representatives, argued the employees perform law-enforcement and rescue duties comparable to police and fire personnel, that the change would be fair, and that it would have little or no fiscal impact on the town. A separate harbormaster-related bill, H. 2743, was also introduced later in the hearing. The committee also heard testimony on provisions of the Municipal Empowerment Act (H. 56), including a temporary critical-shortage exemption allowing retired state or municipal employees to return to work in hard-to-fill positions, and a renewed OPEB commission to study retiree health care costs. Administration and municipal officials said the measures were needed to address staffing shortages and rising benefit liabilities, while emphasizing the shortage exemption would be time-limited and require proof of recruitment efforts. Related retirement bills drew support and caution: advocates for higher COLA bases and enhanced COLA benefits urged relief for retirees, but some asked the committee to wait for recommendations from the special COLA commission before acting. A major portion of the hearing concerned labor rights at the Massachusetts Water Resources Authority and the Committee for Public Counsel Services. Union representatives and employees backed bills to extend just-cause protections, promotional rights, and collective bargaining rights to MWRA and CPCS workers, arguing they currently lack protections available to most other public employees. Testimony described unfair discipline, delayed promotions, and high turnover, and committee members indicated prior favorable action on similar MWRA bills and expressed support for addressing CPCS labor rights. The committee also heard from representatives of the Massachusetts Municipal Association and public higher education employees in support of H. 2820, which would require timely funding of ratified state employee contracts, with witnesses describing long delays in receiving negotiated raises and back pay. No votes were taken during the hearing, and the chair repeatedly invited written testimony and closed each panel after questions.
LA

Louisiana 2026 Regular Session

Retirement Apr 29th, 2026

Retirement

Transcript Highlights:
  • ' retirement system.
  • ' retirement system.
  • to part-time employment in a position covered by the Municipal Employees Retirement System.
  • At the table with me is Maris Blonde, Director of the Municipal Employees Retirement System.
  • And yes, this is a cleanup bill. ...of the Municipal Employees Retirement System.
Keywords: 965, house, all
Summary: The Retirement Committee met with a quorum and heard a series of retirement-system bills, mostly described by sponsors and system directors as cleanup measures, technical corrections, or changes to funding and re-employment rules. Early bills included SB 22, which made the constable position for the Second City Court of New Orleans eligible for membership in the Municipal Employees Retirement System, and SB 17, which created a funding deposit account for cost-of-living adjustments for registrars of voters’ employees. The committee also advanced SB 455 and SB 456, addressing employer participation in the Parochial Employees Retirement System and compensation for assigned retired judges, respectively. The committee then took up a group of State Police and teacher-retirement measures. SB 8 added the Louisiana Access Management Pool as a participating employer in MERS. SB 10, SB 11, and SB 12 adjusted State Police retirement funding and actuarial treatment, including changes to COLA funding, benefit increase funding, and administrative definitions. SB 16 reduced annual trustee education requirements for retirement boards from 16 hours to 12. SB 13 made similar actuarial-funding changes for the Teacher’s Retirement System, and SB 14, developed from a study group, consolidated and simplified TRSL return-to-work rules while expanding some re-employment options for retirees. Later bills focused on re-employment and system funding. SB 18 repealed a special exception allowing certain MERS retirees to return to part-time work while collecting full benefits, while protecting current participants. SB 20 and SB 21 updated actuarial gain and loss handling for the School Employees’ Retirement System and LASERS, respectively, to align with newer COLA funding structures. SB 416 expanded re-employment options for retired Department of Public Safety and Corrections employees in critical shortage positions, prompting discussion about staffing needs and cross-gender strip-search issues in prisons. SB 477 clarified the retirement status of the Chairman of the Louisiana Gaming Control Board as a full-time state employee. All bills discussed were reported favorably, and the chair announced the committee’s next meeting would be moved from Monday to Tuesday.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Public Service Jun 21st, 2026 at 01:00 pm

Joint Committee on Public Service

Transcript Highlights:
  • field as director of retirement system.
  • creditable in the State Employees' Retirement System and to be repaid in installments or...
  • In the State Employees' Retirement System and to be repaid in installments or a lump sum here in Massachusetts
  • systems and optionally by local retirement systems.
  • and their retirement system.
Keywords: 995, all
Summary: The Joint Committee on Public Service heard testimony on a range of retirement-related bills, with several witnesses and advocates focusing on pension equity, veteran benefits, and recognition for public safety workers. Representative Dennis Gallagher and Mass Retirees supported legislation to increase the long-standing veterans’ bonus from $15 to $50 per year of service, up to $1,000 annually, and described it as a modest, overdue adjustment with minimal fiscal impact. Mass Retirees also backed bills to raise the minimum survivor allowance for public retirees and to address inequities in Option B and Option C survivor benefits for retirees whose pensions were calculated under older mortality tables. The committee also heard a personal bill from Representative Jim Arceiro and Nathan McKinnon seeking creditable service for McKinnon’s years in the Nevada higher education system, which he said should count toward his Massachusetts retirement. Another individual bill was presented by Roberta Wollins, supported by Senator Keenan, to remedy what she described as misleading retirement advice from UMass Boston that affected her ability to buy back prior service and made her retirement planning inaccurate. Senator Keenan and others framed both cases as unique fairness issues rather than broad policy changes. A large panel from police, fire, corrections, EMS, and related organizations testified in favor of a COVID-19 retirement credit proposal and a study bill, arguing that essential workers who reported in person throughout the pandemic should receive recognition and a time-based retirement credit. Witnesses described exposure risks, illness, deaths, staffing strain, and long-term effects from COVID-19, and several committee members voiced support and appreciation for their service. The hearing concluded with no votes taken on the bills and a motion to adjourn, which was approved.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Public Service Jun 21st, 2026 at 01:00 pm

Joint Committee on Public Service

Transcript Highlights:
  • State Retirement Board on behalf of their retired employees.
  • The provision was part of the creation of the public retirement system and allows the employees of public
  • System, and Jonathan Osimo, Executive Director, Mass Teachers Retirement System.
  • A local retirement board administrator or a member of a local retirement system or a union representative
  • that might be a member of a local retirement system?
Keywords: 995, all
Summary: The committee heard testimony on several public service and retirement-related bills. Senator Kelly Dooner and Rep. O’Rourke supported a Taunton home rule petition to extend Chief Walsh’s service during the city’s transition to a new public safety facility, citing the need to manage new equipment, cameras, and 911 systems smoothly. Senator Lovely testified in favor of bills expanding retirement savings access through the SMART Plan and the CORE Plan, arguing that automatic enrollment and broader eligibility would help state, municipal, and nonprofit workers save for retirement. No questions were raised on the Taunton petition, and the hearing later moved through the remaining testimony without any votes taken during the transcript. Mary Waldron of the Old Colony Planning Council and Jeffrey Walker of the Southeast Regional Planning and Economic Development District urged support for legislation protecting regional planning agencies from being required to make retroactive payments to the State Retirement Board for past employer contributions. They warned that the costs would be unsustainable, could force layoffs or closures, and would jeopardize their ability to provide transportation, housing, economic development, and planning services. Bill Keith and Patrick Charles of PEREC testified on several retirement administration bills, including measures to ease statement-of-financial-interest filing rules, require payment for certain creditable service purchases, and clarify the definition of wages to include sick, vacation, and personal time; committee members asked questions about regional transit authorities joining retirement systems and about adding local retirement board representation to a proposed commission. Jonathan Osimo and Rob Fabino of the Massachusetts Teachers Retirement System supported bills to penalize delinquent pension reporting by employers and to create a special commission to study retirement credit purchases, saying better reporting would improve retirement processing and that a broader review could improve fairness and sustainability. Eddie Boynton of the Braintree Education Association backed the SMART Plan bill, describing how automatic enrollment and low-fee fiduciary oversight could protect educators from high-cost supplemental retirement products. Matthew Nugent testified for a bill to divest public pension funds from firearms and ammunition. After the final witnesses, the chairs asked if anyone else wished to testify, heard none, and then adjourned the hearing.
NH

New Hampshire 2026 Regular Session

House Executive Departments and Administration (01/14/2026)

Executive Departments and Administration

Transcript Highlights:
  • The ethics standards of this retirement system for members of the board of trustees or employees that
  • The ethics standards of this retirement system for members of the board of trustees or employees that
  • <00:59:05.359> system a soft veto on the retirement system a soft veto on the retirement system
  • the penalty to the retirement system. the penalty to the retirement system.
  • <03:57:14.080> system paying into the retirement system paying into the retirement system
Keywords: 1189, house, all
TX

Texas 89th Regular

89th Legislative Session Mar 28th, 2025

Texas House Floor Meeting

Transcript Highlights:
  • My name is Colonel Frank Court, Jr., United States Marine Corps, retired.
  • Hi, I'm Myra Crownover, and I served for 16 years before retiring.
  • Then I moved over to the other side, and then I retired.
  • I'm Tracy King and I served 14 terms and retired on January 14th of this year.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Public Service Jun 21st, 2026 at 01:00 pm

Joint Committee on Public Service

Transcript Highlights:
  • to purchase up to two years of credible service in the retirement system for taking time off to bond
  • The years of credible service must be paid for by the employee prior to retirement.
  • They are part of the Massachusetts Port Authority retirement system.
  • Out of all 105 Massachusetts public retirement systems, the Massport Retirement System has one of the
  • creditable service into the retirement system instead of four years currently allowed by law.
Keywords: 995, all
Summary: The Joint Committee on Public Service held a hearing on a wide range of credible service and retirement-related bills, with testimony largely focused on allowing public employees to buy back prior service time or receive more appropriate retirement classifications. Bills discussed included retirement buyback for Joint Base Cape Cod firefighters (H. 4317), clarification of call firefighter buyback rights (H. 2883/S. 1915), veterans’ buyback (H. 2957), a Bridgewater State University police death-benefit/heart-law issue (filed by Rep. Gallagher), unpaid parental leave buyback for municipal employees (H. 2946), school nurse creditable service (H. 2887/S. 1787), former private/parochial school teacher buyback (S. 1900/H. 2873), Massport police retirement classification (S. 1888), contract employee buyback (H. 2795), Retirement Plus late entry (H. 2792), CVTE/teacher-related buyback issues (H. 2762), Peace Corps/AmeriCorps creditable service (H. 2927), and institutional school teacher retirement fairness (H. 2757). Several speakers also referenced related bills for teachers and nurses that had been heard previously or were filed in parallel in the other branch. Testimony was overwhelmingly in support of the bills. Speakers argued that the measures would correct inequities, recognize prior public service, and help recruit and retain workers in hard-to-fill public jobs. Firefighters described the unique federal-to-state transition at Joint Base Cape Cod and said some members were left out of earlier buyback opportunities. Veterans, teachers, school nurses, correctional educators, and Massport police all described service requirements, administrative gaps, or outdated statutory language that they said unfairly limited retirement credit or placed them in the wrong retirement group. Several witnesses emphasized that the proposals were fiscally responsible because employees would pay the cost of the buybacks, and some noted that similar bills had been filed repeatedly in prior sessions. Committee members asked a few clarifying questions, mostly about why certain employees had been excluded under current law or how the retirement provisions would work. No opposition testimony was presented. The hearing concluded after all scheduled witnesses testified, with the chairs thanking participants for their service and the committee voting to adjourn.
KY
Transcript Highlights:
  • That would bring them off of the retirement system.
  • And so, um, we see retirement system.
  • c> provided<00:25:50.080> retirement the employee is not provided retirement the employee
  • What impact does that have on the retirement system?
  • impact does that have on the retirement system?
Summary: The Public Pension Oversight Board met on February 13 and approved the minutes after establishing a quorum. The committee then took up three pension-related bills, beginning with Rep. Callaway’s proposal to allow certain retired police officers with 15 to 19 years of service to be rehired by local law enforcement agencies. Callaway and Brandon Lincoln of the FOP said the bill is intended to help recruitment and retention, especially for departments facing staffing shortages, and emphasized that it would be optional and would not allow double-dipping. Committee members raised concerns that lowering the service threshold from 20 to 15 years could create an unfunded liability and weaken the pension system, and several members said they did not yet fully understand how the pension and insurance provisions would work. The sponsor said she was open to working on the bill, and the chair noted the committee would continue to examine it with help from KPA staff. The second bill, presented by Rep. Lewis with Brandon Lincoln and Jeff Taylor, addressed probationary employees in CS agencies, including firefighters and police officers. The bill would let certain former probationary employees purchase service credit for time spent in probation, and would extend line-of-duty death and disability protections to employees who are injured or killed during probationary service. Testimony said the measure is optional for employers, could be used as a recruitment tool, and would allow employees within six months of the probationary period to buy back the time themselves if they choose. Members generally supported the concept, noted a negligible fiscal note, and discussed whether current employees could buy back older probationary periods; the sponsor said the bill did not appear to allow that, though he was open to further discussion. Throughout both bills, members focused on whether the proposals would create new pension costs or liabilities and how they would interact with existing retirement tiers and contribution rules. Several members asked for clarification on whether rehired workers would contribute to the pension system, whether employers would pay normal cost or any contribution at all, and whether the bills would affect future retirement benefits. The sponsors and witnesses repeatedly said the measures were limited, optional, and intended to address staffing and fairness issues without changing the core retirement system, but the committee did not take final action on the bills during the discussion.
WA

Washington 2025-2026 Regular Session

Select Committee on Pension Policy Jun 16th, 2026 at 10:00 am

Select Committee on Pension Policy

Transcript Highlights:
  • Then a few years later, in 2000, the School Employees' Retirement System Plan 3 opened for classified
  • The School Employees' Retirement System Plan 3 opened for classified school employees.
  • In 2002, the Public Employees' Retirement System Plan 3 opened for non-school public employees.
  • the system until retirement.
  • ' Retirement System, PERS.
Keywords: 904, all
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Public Service Jun 21st, 2026 at 01:00 pm

Joint Committee on Public Service

Transcript Highlights:
  • As we all know, there are 104 public employee retirement systems in this state, two of which are statewide
  • Employees started to contribute to their retirement systems in 1946.
  • It is our opinion that this bill would be very detrimental to the public employee retirement system across
  • employee retirement system, better and stronger through different pension reforms.
  • retirement system.
Keywords: 995, all
Summary: The committee heard testimony on a range of public retirement and municipal health insurance bills. Mass Retirees and the American Federation of Teachers supported House 2890/Senate 1848 on transparency in municipal health insurance, arguing that broker and consultant roles should be clearly defined, commissions disclosed, and dual roles prohibited to reduce conflicts of interest and costs. They also supported House 2799/Senate 1848 on protecting municipal retirees from future premium contribution increases, House 2854 on voting rights for surviving spouses in retirement board elections, and Senate 1917 on updating the definition of veteran for retirement purposes. Committee members discussed whether the veteran definition should simply conform to the federal definition going forward. Educators testified in support of House 2769/Senate 1921, which would allow teachers with at least 20 years of service to buy back creditable service for periods when they worked part-time while raising children. Multiple teachers described the financial and retirement penalties they experienced after stepping down to part-time work for child care, calling the current system inequitable and a “mom tax.” Sponsors and supporters said the bill is intended to correct that disparity and help retain teachers, while one committee member noted it appeared neutral on an actuarial basis. The committee also heard strong support for Senate 1908, which would raise the cap on outside income for public pension recipients, from retired State Police troopers who said the current limit is outdated and unfair to those forced into disability retirement after line-of-duty injuries. Another State Police representative supported House 2910 on state police pensions, citing recruitment and retention problems under current pension rules. In contrast, Hampden County Regional Retirement System officials and the Massachusetts Association of Contributory Retirement Systems opposed House 2745, a bill to restructure the Hampden County system’s governance, arguing it would weaken PERAC oversight and create an unworkable local system. They instead supported House 2813, which would extend the time to fill a vacant fifth member seat on retirement boards. At the end of the hearing, the committee voted to adjourn the hearing.
KY
Transcript Highlights:
  • It would help us to hire and retain, and also it would help us to be able to rehire retired employees
  • . retired employees uh as it is now with retired employees uh as it is now with the<00:07:54.560>
  • <00:19:57.760> retires had when a when a um employee retires had when a when a um employee
  • saying if if a employee saying if if a employee retires<00:21:22.640> and<00:21:22.799>
  • or to reimburse the systems for the cost of the retirement plan.
Summary: The committee first approved the prior month’s minutes after a roll call established a quorum. It then heard testimony on a draft proposal from Senator Robbie Mills to increase CERS retiree health subsidies for members retiring on or after July 1, 2003. The bill would raise the non-hazardous subsidy from $14.63 to $40 per month per year of service and the hazardous-duty subsidy from $21.94 to $50, with employee contribution rates adjusted based on the health trust’s funded status. Supporters from sheriffs, firefighters, police chiefs, and the Kentucky League of Cities said the change would improve recruitment and retention, better align the subsidy with the cost of a single health plan, and preserve the system’s financial footing through shared employer-employee costs and funding triggers. Committee members asked about the fiscal impact, the effect of funding levels above 150%, and how the subsidy would work for rehired retirees or employees who later take private-sector jobs. Mills and other witnesses said preliminary actuarial work was still forthcoming, that the bill was intended to be revenue-neutral or close to it, and that the subsidy would continue to be paid monthly; they also noted existing 2008 rules for rehired retirees and said the benefit would still be available even if a retiree later had other insurance. One member suggested looking at stable accounts as an additional option for special-needs planning in a later bill. The committee then heard Senate Bill 58 from Senator Robin Webb, which would allow state employees to designate a Special Needs Trust as a beneficiary for retirement benefits. Webb said the measure would help employees provide for disabled dependents without jeopardizing SSI or Medicaid eligibility, and that the bill follows federal special-needs trust rules. He said the proposal could be revenue neutral, but actuarial analysis was still pending and KPPA had asked for electronic rather than paper transfer provisions. Members questioned whether the authority already exists, how the trust would work, and whether stable accounts should also be considered; Webb said he would follow up with additional information.
TX

Texas 89th Regular

Pensions, Investments & Financial Services Mar 3rd, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • We show you registered as Porter Wilson. behalf of the employee retirement system of Texas, is that correct
  • JRS2, Judicial Retirement System 1, I mean. It closed back in 1986.
  • Brian Guthrie, we show you registered as Brian Guthrie on behalf of the Teacher Retirement System is.
  • In our teacher program, in our retirement system, what we generally see is that a new employee... a new
  • who were no longer in. the teacher retirement system population of contributors.
Keywords: 1184, house, all