Video & Transcript Research : 'working group'
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US
US Federal 2025-2026 Regular Session
Hearings to examine certain pending nominations. Apr 29th, 2025 at 02:00 pm
Agriculture, Nutrition, and Forestry Committee
Transcript Highlights:
- I work in a house. I'm a house associate. Let me say hi. I'm a house associate. I work in a house.
- Lindberg will be responsible for working with the White House to ensure the good work of the longstanding
- I will absolutely work alongside and look forward to working alongside our interagency colleagues to
- So my objective is absolutely to work with the interagency partners that I work with.
- So we know that trade deals work.
MN
Minnesota 2025-2026 Regular Session
Human services panel considers HF1005 3/4/25
Minnesota House Floor Meeting
Transcript Highlights:
- is personal um many of us have worked is personal um many of us have worked together<00:04:16.720
- will only listen to us or the group will only listen to us or the group homeowner<00:12:36.519><
- does not change the quality of work does not change the quality of work why<00:26:59.000>
this - it's crippling us because the great work it's crippling us because the great work we<00:42:42.160
- Baker for all of his work.
Summary:
House File 105 was presented by Representatives Beerman and Baker and then laid over for possible inclusion in a future omnibus bill. The bill would implement the remaining mental health and physician service recommendations from DHS’s rate study, including raising certain Medicaid reimbursement rates to at least 100% of Medicare where a Medicare equivalent exists, increasing community-based children’s and adult mental health rates and behavioral health home rates, and phasing in additional increases over three years. The authors said the proposal also addresses master’s-level clinician reimbursement and fee-for-service hospital inpatient mental health services, and they emphasized that the changes are intended to improve access, transparency, and provider stability.
Both authors argued that low MA reimbursement rates are driving access problems across Minnesota, especially for children, families, and rural communities. They said providers are struggling to hire and retain staff, clinics are closing or shrinking, and patients are facing long waits, boarding in hospitals, or delayed care. Representative Baker said the issue is personal and described the bill as a phased, long-term approach because of state budget limits and the size of the cost, which he said is in the hundreds of millions but still awaiting a fiscal note.
Public testimony was strongly supportive overall. A family physician said higher rates would improve access, keep clinics open, and help patients avoid emergency care, while a Children’s Minnesota mental health leader described more than 1,200 pediatric boarding episodes in 2024 and said outpatient investment is needed to reduce pressure on emergency and inpatient services. A rural provider said her organization had to close an in-home children’s mental health program because of insufficient reimbursement, harming access in underserved counties. A psychologist testifying for the Minnesota Psychological Association supported the bill’s general direction but objected to repealing the pay differential for doctoral-level psychologists, arguing that doctoral training is more extensive and that eliminating the differential could worsen workforce shortages. After testimony and member questions about the bill’s scope and cost, public testimony was closed and the bill was laid over.
DE
Delaware 2025-2026 Regular Session
Delaware Nuclear Energy Feasibility Task Force Jun 29th, 2026 at 10:00 am
Transcript Highlights:
- Let's work with them.
- The work is hard. The work is expensive. The work is worth it. And let's get it done. Thank you.
- I work for a state agency. Okay, yeah.
- They can all work together.
- And within that First Movers Group, we remember the first one, in the First Movers Group, there's an
MN
Minnesota 2025-2026 Regular Session
House Elections Finance and Government Operations Committee 2/23/26
Elections Finance and Government Operations
Transcript Highlights:
- before it gets there, that work is done. before it gets there, that work is done.
- :28.399>
representative <00:33:28.799>Berg work with, uh, the representative Berg work - >
do the hometown heroes and the work you do the hometown heroes and the work you do as<00:43: - We can do some of this work so that you're comfortable and the folks who you've been working with are
- So, if we're looking at either killing this or working on this, I would rather work on this.
Keywords:
correctional fees, supervision fees, probation, Department of Corrections, criminal justice funding, electronic home monitoring, drug testing, restitution collection, community service work, postprison supervision, court-ordered services, fee sunset, fee phaseout, offender fees, community corrections, supervised individuals, 1183, house
ND
North Dakota 2025-2026 Regular Session
Higher Education Institutions Committee Jun 18th, 2026
Transcript Highlights:
- And then when you think about the work we're doing in engineering and how that works in the energy sector
- Now, again, we're working hard on it.
- They've been doing some work on this.
- They've been doing some work on this.
- Chairman and Beth, what age group?
Summary:
The committee met at NDSU and approved the April 9 minutes. The main purpose of the meeting was an informational presentation from NDSU President David Stewart and university leaders on the university’s priorities, including enrollment, student success, research, commercialization, and use of New Horizons funding. Stewart emphasized a “One NDSU” approach, thanked legislators for past support, and said the university will focus on recruitment and retention, a new strategic plan, and growing research and tech transfer while serving North Dakota’s workforce needs.
University leaders said NDSU is using tuition waivers more strategically and will work to reduce them over time through scholarship optimization. Provost Sherry Vale described academic portfolio reviews, program closures or consolidations, strategic hiring, and workload policies aimed at aligning resources with demand. They also highlighted student outcomes, including high completion rates, strong employment placement, and NDSU’s role in producing a large share of the state’s engineers, nurses, and agriculture graduates.
Several students testified about how NDSU’s mentoring, internships, research, and support services helped them succeed. The committee also heard from partners on New Horizons-related collaborations: Gateway to Science described K-12 STEM outreach in rural and tribal areas, and Sanford Research discussed joint research efforts, including COBRE-related work, obesity and GLP-1 studies, and a joint biostatistics hire. Later speakers highlighted Governor’s School and NDSU’s research and commercialization efforts, including growth in research expenditures and invention disclosures. No additional votes or formal actions were taken beyond approving the minutes.
MN
Transcript Highlights:
- Jesse Gomez continued to be part of a 38-member Direct Care working group that was hosted by the Disability
- Jesse Gomez continued to be part of a 38-member Direct Care working group that was hosted by the Disability
- Jesse Gomez continued to be part of a 38-member Direct Care working group that was hosted by the Disability
- Jesse Gomez continued to be part of a 38-member Direct Care working group that was hosted by the Disability
- Jesse Gomez continued to be part of a 38-member Direct Care working group that was hosted by the Disability
HI
Hawaii 2026 Regular Session
JHA Public Hearing - Thu Feb 12, 2026 @ 2:00 PM HST
Judiciary & Hawaiian Affairs
Transcript Highlights:
- <00:38:02.560>
report the PLT working group um test uh report the PLT working group um test - <00:49:48.720>
group work group. - So I think in the work group work group.
- So that's the work of the public land trust working group.
- with the working group as we look with the working group as we look through<01:03:20.319>
that
Summary:
The committee heard testimony on House Bill 2046, which would establish and fund an Olo Hawaii Commission to coordinate and promote initiatives supporting the use of Olo Hawaii. The Attorney General suggested adding an end date because the bill creates a temporary commission, and several supporters from the University of Hawaii, Office of Hawaiian Affairs, and the Hawaii Civil Rights Commission said the commission could improve coordination, funding decisions, and consistency across agencies. Members discussed whether the commission should include broader representation, including expertise on Niihau dialect speakers and other stakeholders, and the bill was then set aside as the committee moved to the next measure.
The committee next considered House Bill 2438, creating the Hawaii Cultural Trust within DBEDT, authorizing an income tax credit for contributions to the trust and qualified cultural organizations, and creating a special license plate to support the trust. DBEDT said it would need additional resources, including staff, to administer the program. The Department of Taxation recommended changing the effective date to 2026 to allow time for implementation and adding a requirement that credits be claimed within one year. OHA supported the bill but objected to language that would require it to maintain a prequalified list of organizations, saying that could limit applicants and conflict with its grant process. The Tax Foundation said it supported cultural funding but preferred direct appropriations and grants over a trust fund and tax credit structure.
The final measure discussed was House Bill 2584, which would temporarily increase public land trust revenues transferred to OHA while reaffirming the state’s obligation to the 20% pro rata share, with a repeal date of June 30, 2028. The Attorney General recommended deleting the bill’s requirement that OHA receive a minimum amount equal to the 20% share, arguing the constitution and Admission Act do not specify a precise dollar amount and that the legislature must determine allocation. OHA strongly supported the bill, arguing the state currently pays only about 5% and that historical records show much higher amounts are owed; OHA also pointed to a carry-forward account it said held about $55 million. DLNR opposed the bill because the fiscal impact was unspecified and could affect land management and special fund budgets. Several OHA trustees and supporters urged the committee to pass the bill, and one testifier criticized the state for underfunding Native Hawaiian obligations. No votes were taken in the portion provided, and the committee continued hearing testimony on HB 2584.
TX
Transcript Highlights:
- So that means lenders can freely discriminate against political and religious groups. groups.
- These groups have opaque alphabet soup names, and they work behind the scenes through corporate governance
- No pension work for you. No bond work for you in Texas.
- That's who we work for.
- Was PETA or groups associated with PETA?
Keywords:
public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards
AR
Arkansas 2026 1st Special Session
ALC-STATE INSURANCE PROGRAMS OVERSIGHT SUBCOMMITTEE Mar 18th, 2026
ALC-STATE INSURANCE PROGRAMS OVERSIGHT SUBCOMMITTEE
Transcript Highlights:
- When you're talking about Medicare Advantage, it works a different way.
- For most group Medicare Advantage plans, it's all one package.
- For most group, Medicare Advantage plans, it's all on The decoupling, for most group Medicare Advantage
- It's actually set up to work on a private market.
- It's actually set up to work on a... revenue. It's actually set up to work on a private market.
Summary:
The committee received an update from Grant Wallace on the state employee Medicare Advantage group plan and the ongoing rebid with UnitedHealthcare. Wallace said the agency is exploring “decoupling” the medical and pharmacy portions of the plan, and that preliminary estimates suggested potential savings of about $100 to $200 per participant per month. He said the final CMS rate-setting process would conclude in April, with a revised contract amendment likely to come before the committee in May or June after review by the EBD Advisory Commission and State Board of Finance. He also clarified that the plan covers post-65 teacher and state employee retirees, including retirees from state agencies and K-12 public schools.
Representatives from Segal Consulting then gave a broader presentation on Medicare Advantage and Part D market trends, reviewing Arkansas’s prior decision to adopt a Medicare Advantage prescription drug plan and the savings generated since the 2023 RFP. They explained that the Inflation Reduction Act significantly changed Part D financing by shifting more federal support into a direct subsidy tied to risk scores, which makes accurate risk adjustment more important and creates a larger difference between Medicare Advantage prescription drug plans and standalone Part D plans. They said this has led to a growing divergence in funding, especially for standalone Part D, and is the main reason decoupling medical and pharmacy coverage is being considered.
Committee members asked about how the risk-score changes affect costs and members. Segal said the new structure has reduced member out-of-pocket costs, with the annual cap now at $2,000 and many members reaching it after roughly $600 to $800 in spending, but that the plan absorbs more of the cost. They also said the market appears to be adjusting through annual bids, and that a decoupled structure could allow the state to capture more favorable funding on the Part D side. No votes were taken, and the committee adjourned after being told to expect further information once the April rate notice and renewal proposal are available.
CA
California 2025-2026 Regular Session
Assembly Insurance Committee Jul 2nd, 2025
Transcript Highlights:
- We're here to know if the SIS is working.
- We need the SIS to work, and our constituents need the SIS to work.
- This system we know isn't working, and it hasn't been working for decades.
- We've been working with the top three modeling groups to get that done.
- And like I said, we have a group of states now working on the underinsurance issue, working with the
Summary:
The Assembly Insurance Committee held its fifth oversight hearing on the California Department of Insurance’s Sustainable Insurance Strategy (SIS), with Commissioner Ricardo Lara providing an update on implementation. Lara said the department has finalized major reforms, including new catastrophe modeling tools, faster rate review procedures, use of forward-looking data tied to mitigation, and modernization of the FAIR Plan. He argued the strategy is intended to improve insurance availability in wildfire-prone areas, increase transparency, and stabilize the market, while also criticizing consumer intervenor groups and saying the department will tighten rules on intervener compensation and relevance.
Members questioned Lara about when the SIS would begin producing visible market changes, how long rate filings would take to approve, and what the FAIR Plan modernization would mean for consumers’ costs. Lara said catastrophe model approvals should be completed by the end of the month, insurers are expected to begin submitting SIS filings in the coming weeks, and rate reviews have already been reduced from 281 days to 71 days. He also discussed a new market conduct investigation into State Farm’s handling of wildfire claims, ongoing complaints about smoke-damage claims, and a newly created smoke claims and remediation task force to develop standards. Lara said the department has helped more than 12,000 wildfire survivors, with over 38,000 claims filed and more than $17 billion paid, and that it is also working with other western states on underinsurance issues.
Public commenters from the insurance industry, homebuilding, and insurance brokerage sectors largely supported the SIS and the department’s efforts, saying the reforms are needed to restore availability and stability. They emphasized the importance of timely rate approvals, FAIR Plan solvency, and greater transparency, and several noted that member companies are preparing to use the new filing process. The hearing ended without a vote or formal action, though members and the commissioner discussed ongoing legislative needs, including AB 226 and possible future FAIR Plan transparency measures.
MN
Transcript Highlights:
- <00:04:55.199>
Um vetted uh with the working group. Um vetted uh with the working group. - working group uh with a lot of time as a working group uh with nonpartisan<00:40:33.280>
staff - Thank you for pushing for this, working with the working group.
- , working with the working<01:21:21.280>
group. - Uh I was glad to working group.
AL
Alabama 2026 Regular Session
Alabama Senate Education Policy Committee Feb 11th, 2026
Education Policy
Transcript Highlights:
- , grade levels or certain age groups, grade levels or certain age groups, right?
- <00:09:17.519>
SB248 um missed work. SB248 um missed work. - responsible for any missed school work responsible for any missed school work while<00:09:23.680
- And I appreciate your work.
- the work that that was needed. the work that that was needed.
Keywords:
sales tax exemption, Consumer Price Index, local government, clothing, school supplies, emergency preparedness, Alabama Administrative Procedure Act, APA, administrative law, judicial review, agency deference, Chevron deference, de novo review, contested case, state agency, regulatory power, individual liberty, statutory interpretation, rule interpretation, license revocation
NH
New Hampshire 2025 Regular Session
Senate Energy and Natural Resources (03/04/2025)
Energy and Natural Resources
Transcript Highlights:
- > and<01:16:35.320>
game species work working with fish and game species work working with - The Electric Assistance Advisory Board is the offspring of the working group that created the electric
- assistance program, that recommended the program the then commission adopted, and the group works well
- The Electric Assistance Advisory Board is the offspring of the working group that created the electric
- assistance program, that recommended the program the then commission adopted, and the group works well
NH
New Hampshire 2026 Regular Session
Joint Legislative Performance Audit Oversight Committee (02/06/2026)
Transcript Highlights:
- and I don't think that's going to work. and I don't think that's going to work.
- So that there’s a council on housing stability, which is a work group on supporting housing, the Bureau
- of Adult and Aging, and the Bureau of Developmental Services work group.
- work group on supporting um which is a work group on supporting housing<00:16:57.680>
uh <00:16 - bureau of developmental services work bureau of developmental services work group<00:17:02.399><
Summary:
The Legislative Performance Audit and Oversight Committee met to accept prior minutes and receive updates on ongoing audits. Audit staff reported progress on three education-related reviews: special education (34 of 71 observations completed, draft expected in the second quarter and final in the summer), education freedom accounts (22 of 41 observations completed, draft expected in the second quarter and final in the summer), and the doorway program (5 of 13 observations completed, draft expected by the end of February and final by April or May). No committee questions were raised on the audit status update.
The committee then discussed possible future oversight topics, beginning with SNAP and concerns about fraud and work requirements. Members suggested inviting DHS officials and contract administrators to explain program operations and compliance, and also discussed whether the Department of Justice Medicaid fraud unit or other experienced officials could provide useful context. Members noted New Hampshire’s existing oversight layers, including the Executive Council and the joint HHS oversight committee, while also expressing interest in hearing more directly from department staff about staffing and contract management capacity.
A substantial portion of the meeting focused on whether to pursue an audit of special education at the local school level. Members debated whether to wait for the ongoing statewide special education review and a legislative study commission report, or to begin scoping a local audit now so work could start sooner. Supporters argued that local-level spending, identification rates, and effectiveness vary widely by district and that an audit should examine both costs and outcomes; others cautioned that the scope would need to be manageable given limited audit staff and that the statewide report may help narrow the focus. The committee also briefly discussed a potential audit of the Bureau of Elderly and Adult Services, but no decision was made on that item.
HI
Hawaii 2025 Regular Session
House Chamber - Mon Mar 24, 2025, 12:00PM HST - Day 38
Hawaii House Floor Meeting
Transcript Highlights:
- Please be seated for their tireless work and commitment to keeping our neighborhoods safe.
- The work of the Kap neighborhood security watch groups doesn't stop there.
- Pastor Allan, in addition to the important work you've done with the security watch groups, your spiritual
- Allan in addition to the important work Allan in addition to the important work you've<00:21:49.880
- you so much for all you guys hard work you so much for all you guys hard work thank you<00:25:19.440
HI
Hawaii 2025 Regular Session
FIN Info Briefing - Fri Jan 10, 2025 @ 9:00 AM HST
Hawaii House Floor Meeting
Transcript Highlights:
- groups, beginning with our integrated land use strategy working group, which aligns land use planning
- groups um included these two working groups um included were<04:55:55.000>
food <04:55:55.240> - working groups and the governor's working groups and the governor's initiatives<04:56:15.760>
- We did this strategic working group between HTDA, L?U, and HHFDC.
- ><05:45:15.798>
all <05:45:15.958>four Group we also work with all four Group we also work
Summary:
The Committee on Finance received an informational briefing from the Department of Education on its budget request for the upcoming fiscal year. The Superintendent and staff described the department’s mission, enrollment and staffing scale, recent gains in NAEP reading and math, persistent attendance problems since the pandemic, and the need for resources to support student recovery, middle school math, and other strategic priorities. The department said its proposal is intended to be aligned with its 2023–2029 strategic plan, fiscally balanced, and reliable for schools, while also addressing inflation, workforce needs, and uncertainty in federal funding.
Assistant Superintendent and CFO Brian Hallet reviewed federal grants, non-general funds, and the budget development process. He said federal funds make up about 11% of the department’s FY25 appropriation and warned that House budget proposals could threaten predictable funding for core programs. He also explained that the department began its biennial budget work in April 2024 and used an internal review group to identify possible reallocations. The department characterized its request as a “flat” budget proposal overall, with a large share devoted to continued funding for existing recurring needs, and noted challenges including a projected state funding decline, inflation, lingering pandemic impacts, recruitment and retention, and uncertainty about future federal support.
A major topic was the department’s capital improvement program. DOE officials argued for a risk-based, proactive approach using lump-sum “buckets” to manage facilities and deferred maintenance across more than 21.5 million square feet at 268 sites. They said this would allow more efficient prioritization of projects and better coordination with complex area superintendents, principals, and legislators. Members asked about how legislative priorities would fit into the bucket system, county-versus-state property jurisdiction issues affecting school facilities, enrollment decline and staffing ratios, and how the department plans to adjust facilities and human resources to shifting enrollment patterns. DOE said it is studying enrollment trends, will brief the Board of Education next month, and is willing to provide further briefings to legislators. No votes or formal actions were taken during the informational briefing.
NM
Transcript Highlights:
- From the members, let me know if this works for you.
- Number one, With the commission itself, the group that would work to help submit the most qualified individuals
- The at-large members in the old bill were grouped into five groups of counties.
- sort of those groups.
- The problem is we had groups where those funds were being designated by the donor, and yet the group
AR
Transcript Highlights:
- them to continue work with Motorola to finalize this project.
- You continue to do work on this contract without approval.
- So it's just this last milestone that hasn't been paid, and the work, the only work that's left is just
- Number 61, Department of Military, Net at Work.
- Seventy-one, U of A with the HL Group.
Summary:
The committee met to review a supplemental agenda item, procurement rule revisions, methods of finance, discretionary grants, contracts, reports, and a member disclosure. The supplemental agenda was accepted, and the Office of State Procurement’s rule revisions were approved after Jessica Patterson explained they were driven by 2025 legislative changes, including Act 782, CASO Consulting recommendations, and updates to sole source, bid, protest, and debarment provisions. The methods of finance and discretionary grants were also approved, covering a range of university capital projects, health and human services grants, historic preservation awards, and tobacco prevention and cessation programs.
The committee then reviewed RFQs and six ratifications. The ratifications included a Workforce Connections payment to ACT WorkKeys for services provided during a contract gap, a Department of Health ratification for water-leak repairs, a large Department of Public Safety ratification for Motorola’s Arkansas Wireless Information Network upgrade, a Veterans Affairs HVAC ratification, an ADFA medical services ratification, and a UA Little Rock painting contract ratification. Members questioned the Public Safety ratification at length about why the expired Motorola contract was not caught sooner and why it took months after discovery to come forward; agency officials said the work was tied to bond funding and was not tracked in ASIS, and the chair urged agencies to develop better monitoring procedures.
The committee approved a large slate of construction, intergovernmental, out-of-state, and in-state contracts, including many recurring service agreements for DHS, higher education institutions, corrections, health agencies, and state support functions. Several members asked about specific contracts, including aerial application services for correctional farms and a Southern Arkansas University custodial contract, and staff or agency representatives provided brief explanations. The meeting concluded with review of reports and approval of a member disclosure involving Representative Andrew Collins’ investment interest in a company leasing property to Arkansas Rehabilitation Services.
MA
Massachusetts 2025-2026 Regular Session
Status of Persons with Disabilities Jun 21st, 2026 at 12:00 pm
Transcript Highlights:
- And I do feel it's pertinent to our work.
- Since it's a small group today, and hopefully we will have partnership group today and hopefully we will
- So stay-at-work, return-to-work policies may help employees remain connected to work, So stay-at-work
- , return-to-work policies may help employees remain connected to work, reduce long-term disability, and
- There is a team working on the initiative.
Summary:
The Disability Employment Subcommittee met with roll call, approved prior meeting minutes, and shared an inspirational quote from Jane Goodall about the importance of every individual. Members then introduced themselves and their roles, including state disability advocates, providers, and commission members, before hearing a presentation from Katia Alpanis and Dina Klumkina of the State Exchange on Employment and Disability (SEED). SEED described its role as a technical assistance and policy resource for states, focused on sharing best practices and examples from other states to expand employment opportunities for people with disabilities.
The presentation outlined SEED’s seven policy areas: career readiness and work-based learning, behavioral health and work, stay-at-work/return-to-work supports, employer recruitment and retention tools, entrepreneurship and disability-owned business development, interagency coordination, and state government as a model employer. Examples from other states included scholarship and transition supports in Kentucky and Virginia, stay-at-work programs in Alaska and Washington, accommodation funds in Minnesota, procurement and small business initiatives in New Jersey and Virginia, and model employer efforts in Colorado, New York, and Tennessee. Members also asked about digital accessibility and PEAT; SEED said PEAT has been refunded and that SEED can help with policy-level questions and peer examples, but not implementation of accessibility requirements.
Discussion then shifted to possible Massachusetts projects. Members raised concerns about upcoming Medicaid work or civic engagement requirements and how people with disabilities might fall through the cracks, and they asked whether SEED could help Massachusetts use existing documentation, such as IEPs, to reduce barriers. The group identified two main areas for follow-up: a Massachusetts “state as a model employer” roadmap and a youth/young adult employment and volunteer pipeline, potentially linked to transition services and apprenticeship opportunities. SEED agreed to provide Massachusetts-specific analysis and two briefs, one on career readiness policies and one on state-as-model-employer strategies, and the subcommittee planned an offline follow-up meeting to narrow priorities and develop a scope of work.
KY
Kentucky 2025 Regular Session
Public Pension Oversight Board (8-26-25)
Transcript Highlights:
- that's where the asset allocation work that's where the asset allocation work comes<00:39:18.960
- <00:56:09.920>
20-year compared to its peer group. 20-year compared to its peer group. 20- - worked a long time. worked a long time.
- In fact, that working a long time.
- group covered group you the day for our group covered group you know<01:59:50.560>
just <01:59
Summary:
The meeting opened with a quorum call, the Pledge of Allegiance, a prayer, and approval of the prior meeting minutes. The first presentation was from Bo Craycraft of the Judicial Form Retirement System, who gave an update on investment performance, asset allocation, cash flow, and projected employer costs. He reported strong fiscal year 2025 investment results, with both the legislative and judicial retirement plans outperforming their actuarial assumed rates of return and benchmarks, driven largely by U.S. equity performance. He also noted the plans remained near their target asset allocation and continued to experience negative cash flow, though he said that was manageable in context of strong asset growth.
Craycraft then discussed a recent experience study and actuarial assumption changes, especially a revised salary growth assumption and a higher cash balance interest credit rate. He said these changes increased projected employer costs, with contributions rising from about $700,000 to a projected $2 million in later years, though he expected the eventual 2025 valuation and investment gains to reduce that estimate. Members asked about mortality assumptions, the impact of the experience study on liabilities, and the sharp increase in the judicial plan’s projected employer cost. Craycraft explained that the increase was driven mainly by the updated assumptions and that no other major plan changes were involved.
At the chair’s request, Craycraft also addressed the recent rise in Medicare Advantage premiums for the plan’s health coverage, saying the 2025 increase was largely tied to Part D changes and the Inflation Reduction Act and had been about 45%, but that future growth was expected to be under 5%. After his presentation, the committee moved to the Kentucky Public Pensions Authority update, where the next speaker began by saying the funds had exceeded actuarial assumed returns for the fiscal year.