Transcript Highlights:

• And that's not me saying that; that's PricewaterhouseCoopers, who is the one that does the actuarial
• And I don't know that any study has been done actuarially on how that could impact.
• Any study has been done actuarially on how that could impact.
• And I don't know that any study has been done actuarially on how that could impact. any study has been
• done actuarially on how that could impact.

Keywords: 959, house, all

Transcript Highlights:

• ON ALTERNATIVE PAYMENT MODELS FOR ADULT DAY TRAINING SERVICES BASED ON A STUDY CONDUCTED BY ACHA ACTUARIAL
• AS OUTLINED IN SB 2502 THE METHODOLOGY MUST BE ACTUARIALLY SOUND, COST BASED, ADJUSTED TO REFLECT THE
• THIS IS AN IMPORTANT STEP OF THE PROCESS TO APPLY THE CORRECT ACTUARIALLY ADJUSTMENT IN THE DEPARTMENT
• WE DID GAIN SOMETHING IMPORTANT OUT OF THE MODEL LAST YEAR. WE ALREADY GOT THE VISIBILITY.
• ANYTHING CLARIFICATION. >> I WILL ADMIT GETTING TO ACTUARY DISCUSSIONS IS OUTSIDE MY REALM.

Transcript Highlights:

• So on average, they don't earn too much over what they assume, which is what the actuary wants, right
• That's what our investment actuaries...
• So, you know, and I understand actuary numbers pretty well.
• So, you know, and I understand actuary numbers pretty well.
• The $137.8 million is the actuarial cost.

Summary: The Committee on Pensions met without a quorum at first, then later returned to executive session and held several bill hearings. Representative Haley presented House Bill 295, which would allow PSRS retirees who have reached the 80% COLA cap to receive an additional 2% COLA in years when investment returns exceed the system’s assumed rate and CPI conditions are met. Haley and supporters from the Missouri Retired Teachers Association said the bill was narrowly targeted, non-cumulative, and protected by guardrails; committee members questioned whether it could affect funding stability. PSRS/PEERS counsel testified informally that the proposal would function like a one-time “13th paycheck,” would affect about 3,400 PSRS and 800 PEERS retirees, and would cost roughly $32 million for PSRS and under $1 million for PEERS, while emphasizing the systems’ smoothing policy and funded status. The committee then adopted a substitute and passed House Committee Substitute for House Bills 2884 and 1655 by a 12-0 vote. The substitute combined language dealing with St. Louis police retirement board quorum/appointment timing, public employee retirement system provisions, and public school retirement system board quorum/vote requirements, and it also added clarifying language so retirement systems could continue routine informational communications without using funds to support ballot measures. The committee next took up House Committee Substitute for House Bills 1762 and 2059, which would increase the income tax deduction for private retirement income and raise the income threshold for eligibility. Supporters argued it would provide parity with the earlier public-pension tax break and help retirees and self-employed taxpayers; opponents raised concerns about the fiscal impact and timing. The substitute passed 8-4. Representative Bromley then presented House Bill 2144, which would increase the PSRS death benefit from $5,000 to $10,000. He said the current amount no longer covers funeral costs and that the change would help older retirees’ families. MRTA supported the concept but urged caution about system solvency and suggested looking at PEERS as well; PSRS/PEERS counsel testified that the benefit applies to all vested PSRS members, would cost about $137.8 million in actuarial liability, and would reduce the trust fund by about 0.19%. An EMPERS representative confirmed that system also has a $5,000 death benefit and uses similar third-party death-notification services. Finally, Representative Mayhew briefly presented House Bill 2205, which would exempt all public and private retirement income from Missouri income tax; no one testified in support or opposition, and the hearing adjourned after no further discussion.

Transcript Highlights:

• The PRB also provides actuarial impact statements during legislative sessions to analyze the economic
• Now, their new actuarial evaluation recommends that they drop that to 7.25%.
• Really, what I should have put there is the unfunded actuarially accrued liability. So what's...
• We are making great gains in getting people who are eligible for the program to use the program.
• The agency, apart from the statewide gain that was given, requested additional funds for our staff.

Bills: SB 1

Keywords: campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards

Summary: The committee heard budget presentations from the Legislative Budget Board and agency officials on several agencies, starting with the Texas Historical Commission. LBB described a large biennial reduction driven mainly by the removal of one-time funding and discussed capital projects, rider changes, and exceptional items including Presidio La Bahia and the National Museum of the Pacific War. Senators asked about heritage trails, courthouse grants, unexpended balance authority, and the status of historical-site funding. Historical Commission leadership emphasized preservation, courthouse restoration, heritage tourism, coordination with the Alamo and other Texas Revolution sites, and requested additional IT, staffing, and vehicle funding. No votes were taken. The committee then reviewed the Pension Review Board and the Employees Retirement System. The Pension Review Board’s budget was largely unchanged aside from IT maintenance and salary adjustments, with an exceptional item for additional IT enhancements. Members discussed the Dallas Police and Fire Pension System’s funding dispute and the need for a workable restoration plan. ERS presented a much larger budget, including funding for the retirement system, the group benefits plan, and the legacy payment intended to reduce unfunded liability. Senators focused heavily on pension investment returns, benchmark comparisons, and rising health-care costs, especially pharmacy spending driven by GLP-1 drugs; ERS said the plan covers about 540,000 lives and that premiums would rise 8% while benefits remain unchanged. ERS also said it had no exceptional items, and committee members requested more detailed benchmark information. The committee also heard from the Texas Emergency Services Retirement System and the Cancer Prevention and Research Institute of Texas. TESSORS reported an unfunded liability, an infinite amortization period, and requested additional state support, staffing, and IT funding, including a statutory change to allow a higher contribution level; the agency warned that without more funding it may have to cut benefits. CEPRIT’s presentation covered its bond-funded cancer research and prevention portfolio, revenue-sharing from funded projects, and a request to increase salary limits for its CEO and chief scientific officer. Senators questioned CEPRIT’s accomplishments and return on investment, while CEPRIT cited screening, prevention, and research outcomes, including tens of thousands of detected cancers and precursors and hundreds of thousands of first-time screenings. The meeting ended after these presentations and questions, with no recorded committee action or vote.

Transcript Highlights:

• So if you take 29 years, if actuarial soundness is 31 years, and we're adding...
• Almost, we're well past actuarial soundness. No, I'm sorry, Representative.
• Actuarial soundness is no more than 31 years.
• So we would basically be saying then we are committed to keep TRS actuarially sound.
• Actuarial information, I guess, from TRS that the fund will be sound. Correct.

Bills: HJR144, HJR218, HB40, HB 101, HB 112, HB146, HB168, HB214, HB413, HB1523, HB493, HB521, HB594, HB557, HB305, HB549, HB854, HB 1057, HB 1052, HB842, HB3174, HB3311, HB2486, HB3196, HB824, HB 1039, HB2529, HB2713, HB4936, HB4995, HB4830, HB4864, HB5219, HB5263, HB5154, HB2674, HB5525, HB5623, HB2545, HB2587, HB2625, HB5520, HB5436, HB4926, HB1573, HB5165, HB4811, HB5081, HB4755, HB3179, HB4310, HB4611, HB2159, HB4626, HB3637, HB3153, HB3066, HB2786, HB2966, HB638, HB640, HB876, HB497, HB5539, HB4809, HB5308, HB4687, HB4070, HB4421, HB4412, HB3284, HB3369, HB3420, HB3449, HB4098, HB4281, HB4120, HB4504, HB4370, HB 1106, HB2370, HB2404, HB3863, HB2407, HB2253, HB2273, HB2040, HB1586, HB3788, HB3993, HB4690, HB4309, HB4696, HB2308, HB 1142, HB1533, HB1621, HB2242, HB2012, HB2193, HB2442, HB2464, HB2348, HB2313, HB2289, HB1942, HB2011, HB1629, HB2993, HB3592, HB3824, HB4076, HB4535, HB4623, HB4773, HB 1091, HB5115, HB5515, HB3372, HB5659, HCR118, HB 1233, HB2239, HB2379, HB2863, HB3368, HB3787, HB3815, HB3898, HB4023, HB4285, HB4329, HB4331, HB4429, HB4646, HB4904, HB5200, HB5320, HB5651, HB5662, HB5668, HB5670, HB5672, HB5674, HB5676, HB5679, HB5688, HCR108

Keywords: regional mobility, transportation authority, local law, constitutional amendment, public projects, Texas energy fund, energy efficiency, retail electric customers, electric generating facilities, business court, civil procedure, litigation, jurisdiction, arbitration, Texas State Guard, task force, professionalization, state missions, critical infrastructure, science park district

Transcript Highlights:

• This is a hearing of the Public Retirement System Actuarial Committee.
• , the reason why we're here is because PERSAC, this committee adopted the lasers June 30th, 2025 actuarial
• And, you know, that's subject to changes in the UAL due to actuarial gains and losses between now and

Keywords: 965, house, all

Summary: The Public Retirement System Actuarial Committee met on Monday, June 22, with a quorum present and approved the prior meeting minutes. There was no public comment. The main item was an actuarial update from Ms. Johnson on LASERS, prompted by House Bill 312 of 2026, which appropriated about $145 million to LASERS and required the committee to revise the projected fiscal year 2027 employer contribution rate to reflect the funds received. Ms. Johnson explained that $87.6 million was applied to the original amortization base, paying it off, and the remaining $57.9 million was applied to the experience account amortization base. As a result, the projected aggregate employer contribution rate for fiscal year 2027 was reduced from 32.51% to 30.05%, a decrease of 2.46%, with the projected employer contribution amount revised to about $738.7 million. She also noted that the original amortization base balance would be zero by June 30, 2026, while the experience account amortization base would continue to be paid down over time. Committee members asked about the longer-term impact of the changes, including a question about projected savings in 2036. Ms. Johnson said the later-year savings would depend on future actuarial experience and investment performance, but the projected UAL payment in that year would be lower under the revised schedule. The committee then moved to adopt the revised projected fiscal year 2027 LASERS contribution rate of 30.05% by plan, the motion was seconded, and it passed without opposition. The meeting then adjourned.

Transcript Highlights:

• State law requires that rates be adequate, not be excessive, be based on sound actuarial principles,
• Notably, our actuaries raise objections on nearly 75% of the rate filings we receive.
• TDI has a staff of actuaries and forums reviewers who, who examine those documents very closely.
• And, and, uh, let me say, I'm not an actuarial person at all.
• Um, so our actuarial staff, as well as the vendor review that with the board.

Transcript Highlights:

• as well as without having to put the suspect in any harm, so it is an effective way to be able to gain
• determined that the cost of this... ...actuarial studies on the cost, and they have determined that
• If you ask any actuary, there's a paper from the Society of Actuaries that says 100% is the goal, 100%
• Despite the fact that we've gained significant population and annexed additional land.
• of about... ...million dollar pre-funding but has a true valuation of actuarial impact of about $64

Bills: SB1046, SB1317, SB1376, SB1416, SB1448, SB1471, SB1493, SB1498, SB1502, SB1504, SB1538, SB1544, SB1550, SB1579, SB1581, SB1584, SB1624, SB1673

Keywords: telecommunications, broadband, internet infrastructure, critical infrastructure, cybersecurity, national security, foreign adversary, China, Chinese equipment, supply chain security, network equipment, microchips, Arizona Corporation Commission, telecommunications provider, communications infrastructure, Huawei, ZTE, state-owned enterprise, sanctions, infrastructure security

Transcript Highlights:

• , the same sentiment, I'm very hopeful that the committee can serve as an opportunity for folks to gain
• This happened last session in 2026, where the distribution of capital gains revenue, This happened last
• session in 2026, where the distribution of capital gains revenue was modified between operating and
• And, you know, I was participating very directly in the actuarial process that was trying to estimate
• There's also a lot more opportunity for experimentation and new ideas to gain sway.

Keywords: 904, all

Transcript Highlights:

• Okay, this is for the actuarial advantage.
• This is our actuarial provider for the property insurance program.
• What we were finding when we worked with the actuarial advantage is that there was no actuarial base
• Now you can all take comfort that there is that very transparent, very solid actuarial foundation to
• ...where that would normally go to an insurance company, the program is further solidified by the gains

Keywords: 1204, all

Transcript Highlights:

• Rates are set using actuarial principles and must be designed to limit fluctuations and encourage accident
• Senate Bill 6136 requires L&I to publish the actuarial indicated rate for each workers' compensation
• If L&I limits the maximum premium rate increase for any class below that actuarially indicated rate,
• And basically, it's last year, L&I had an actuarial rate that was an average of 13%.
• Last year, L&I had an actuarial rate that was an average of 13%.

Summary: The Labor and Workplace Standards Committee held public hearings on several Department of Labor and Industries request bills and related workplace measures. Senate Bill 6039 would allow L&I to send notices electronically with an opt-out option; Senator Curtis King and L&I supported it as a simple modernization and the committee heard no opposition. Senate Bill 6136 would require L&I to publish actuarially indicated workers’ compensation rates and explain when rates are capped below those levels; Senator King and employer groups described it as a transparency bill, while L&I said it would disclose how reserve funds and rate caps affect different classes. Senate Bill 6188 would expand L&I’s authority over asbestos certification rulemaking beyond rules specifically required to match federal standards; Senator Victoria Hunt and L&I argued this would strengthen worker safety and training, while the Building Industry Association raised concern about diverging from federal rules and asked for narrower authority. Senate Bill 6014 would create a Public Records Act exemption for people involved in pregnancy-accommodation complaints or investigations and fix a cross-reference in last year’s pregnancy accommodation law; Senator T’wina Nobles and Moms Rising said it would restore intended protections and privacy for pregnant and postpartum workers. The committee also heard testimony on Senate Bill 6058, which would give L&I discretion to investigate wage complaints under the Wage Payment Act and assess penalties for willful violations when it initiates an investigation; L&I supported the bill and noted a House amendment to reduce costs and avoid conflict with another wage-recovery measure. For Senate Bill 6136, hospitality, construction, and self-insured employer representatives all supported the measure as a transparency step, with the self-insurers noting the impact of PTSD presumptive claims on rate classes. For Senate Bill 6188, L&I said the bill would let the department set stronger certification standards for asbestos workers and supervisors, while BIAW argued the bill should be limited to specific EPA model standards rather than removing the current statutory limitation. In executive session, the committee took action on five bills. On Engrossed Second Substitute Senate Bill 5061, which requires annual prevailing-wage adjustments in public works contracts, an amendment allowing change orders for wage increases over 5% failed, a one-year effective-date delay was adopted, and the bill passed 7-2 as amended. Substitute Senate Bill 5874, allowing ESD to waive penalties for minor unemployment-insurance reporting errors, passed 9-0. Senate Bill 5944, making missed-appointment payments part of bargained compensation for language access providers, passed 9-0. Substitute Senate Bill 5972, expanding binding interest arbitration for correctional officers in city and county jails, rejected two amendments that would have limited the binding effect and required consideration of local fiscal ability, then passed 8-1. Engrossed Substitute Senate Bill 6302, addressing misclassification of independent contractors on public works projects, passed 9-0. The committee then adjourned.

Transcript Highlights:

• The question is for the amendment sponsor: what actuarial services did you contact?
• PSPRS did run the actuaries... ...here to answer all of the actuarial data information.
• PSPRS did run the actuaries with our actuarial firm. I'm going to point out two different things.
• Well, that's just actuarial. What's the legal standpoint?
• No, this is not gainful employment.

Summary: The committee first heard Senate Bill 1630, which would direct AHCCCS to seek federal approval for a home- and community-based services program for adults determined to be seriously mentally ill, with quarterly implementation updates, a stakeholder work group, and a cap on enrollment. The sponsor and advocates from Arizona Mad Moms argued the bill would create a Medicaid-funded long-term care option for the most disabled SMI patients, reduce costly hospital and state-only care, and improve continuity of care. A committee amendment narrowed eligibility to individuals needing a long-term SMI level of care, changed reporting to semiannual, reduced the initial cap to 250 members with possible growth tied to savings, and required AHCCCS to keep pursuing approval if CMS denies it. The amendment was adopted, and SB 1630 as amended passed 10-0. The committee then considered Senate Bill 1131, which originally required every school district and charter school to adopt a cardiac emergency response plan and appropriated $1 million for implementation. A Warner amendment replaced the mandate with a reporting requirement on AED counts, CPR/AED-trained staff, and whether a plan exists, while shifting the appropriation toward AED grants and limiting school spending to purchasing and maintaining AEDs. The American Heart Association supported the amendment as a way to gather baseline data and target resources, while some members questioned the funding split and the rural-school priority. The amendment was adopted, and SB 1131 as amended passed 9-1. Next, the committee took up Senate Bill 1582, dealing with the school safety interoperability fund. The amendment changed the appropriation from ADE to ADOA and allocated funds to specific county sheriff’s offices to continue existing interoperable communication systems linking schools and first responders; supporters said the systems had been used in drills and some real incidents, and were important for school safety. One member raised concerns about the auditor general’s report and whether the program should continue, but sheriffs and school officials described it as a useful communication tool. The amendment was adopted, and SB 1582 as amended passed 6-4. Finally, the committee began hearing Senate Bill 1504, which would change retirement rules for Tier 2 and Tier 3 public safety personnel and reduce the waiting period for cost-of-living adjustments. The sponsor, police and fire representatives, and pension consultants argued the bill would improve recruitment and retention and align benefits more closely with what employees were promised, while cities, counties, and taxpayer groups warned it would add substantial unfunded liabilities and undermine the 2016 pension reforms. The committee spent extensive time on actuarial costs, funding status, and the effect of the amendment exempting the bill from statutory pre-funding requirements; the transcript ends during that discussion before a final vote on SB 1504 is shown.

Transcript Highlights:

• No, just like the chairman said, this is over and above what the actuary required contribution is.
• All right, and I will say for the record that Bo Barnes with TRS, they were working on the actuarial
• what the actuary required contribution is<00:57:45.880><c> all</c><00:57:46.039><c> right</c><00:57:
• </c> TRS they were working on the Actuarial TRS they were working on the Actuarial analysis<00:57:55.680
• </c><01:12:51.520><c> that</c> uh throughout the state to gain that uh throughout the state to gain that

Keywords: Meeting start 00:06:05 Roll Call 00:06:33 HB 152 Discussion 00:07:55 HB 152 PHS 2 Vote 00:10:12 HB 545 Discussion HB 545 PHS 1 Vote 00:13:47 HB 606 Discussion 00:15:15 HB 606 Vote 00:16:32 HJR 30 Discussion HJR Vote 00:19:07 HJR 32 Discussion 00:20:25 HJR 32 PHS 1 Vote 00:23:11 HJR 34 Discussion 00:25:04 HJR 34 PHS 1 Vote 00:28:50 HJR 46 Discussion 00:30:09 HJR 46 Vote 00:34:15 HJR 53 Discussion 00:35:40 HJR 53 Vote 00:38:55 HJR 54 Discussion 00:40:15 HJR 54 Vote 00:40:50 HB 546 Discussion 00:42:15 HB 546 PHS 1 Vote 00:46:15 HB 605 Discussion 00:47:38 HB 605 PHS 1 Vote 00:52:10 HB 694 Discussion 00:53:46 HB 694 Vote 01:07:47 HB 695 Discussion Only 01:10:20, 958, all

Summary: The House Standing Committee on Appropriations and Revenue met on February 25 and considered a series of bills and joint resolutions, mostly involving appropriations, capital projects, and local infrastructure funding. The committee first adopted PHS 2 and passed House Bill 152, which creates a Medicaid supplemental payment program for public ground ambulance providers; the sponsor said the substitute ensures no state general fund dollars will be used and that local agencies must identify a funding source for any required match. HB 152 was reported favorably on a 20-0 vote. The committee also passed House Bill 545, the annual claims bill, after members confirmed all executive-branch claims were included; it was reported favorably on a 21-0 vote. House Bill 606, requiring reporting for general obligation bonds, also passed unanimously and was reported favorably. The committee then took up several joint resolutions tied to capital and infrastructure spending. House Joint Resolution 30, concerning water projects, was described as implementing ranked projects under the Waters program administered by KIA and was reported favorably on a 21-0 vote. House Joint Resolution 32, concerning school facilities construction, was amended by PHS 1 and advanced after discussion referencing the Auditor’s report and questions about a Johnson County Schools expenditure; it also passed 21-0. House Joint Resolution 34, relating to contingent appropriations for KCTCS, was amended by PHS 1 and advanced after testimony outlining three projects in Somerset, Jefferson Community and Technical College, and Glasgow; it passed 21-0. House Joint Resolution 46, for local road projects, was described as funding the highest-scoring local road requests from a larger pool of applications and passed 21-0. The committee also advanced House Joint Resolution 53, authorizing release of funds for KSU’s Health Sciences Center project, after KSU officials said the building is needed for nursing and allied health programs and promised a business plan report by November 1, 2025; it passed 21-0. House Joint Resolution 54, authorizing funds related to the State Fair Board, also passed unanimously. Later, the committee considered House Bill 546, which revises the local roads and streets program by adding a DOT-developed scoring system, monthly reporting, a match requirement, and a $500,000 project cap; members asked about the cap and were told larger projects should be handled through other mechanisms. HB 546 was reported favorably on a 21-0 vote. Finally, House Bill 605, a technical corrections and update bill for the local economic relief grant program, was amended by PHS 1 and discussed as expanding eligibility, including to the Delta Regional Authority and certain local-affiliated applicants; the transcript cuts off before the final vote on HB 605.

Transcript Highlights:

• Those were years in which the board, upon recommendation from our actuary, reduced our expected rate
• The actuary recommended increasing the payroll growth by 0.25% to reflect price inflation growth over
• The actuary four-year experience study.
• The gray line, in contrast, is the actuarial rate of return using a five-year smoothing.
• The post20 2017 gains and the teal line.

Keywords: 1191, senate, all

Transcript Highlights:

• The request was revised downward and is now less than 20%, which is significantly under the actuarial
• The HPIA board is committed to doing an annual actuarial analysis to look at rate need going forward.
• The HPIA board is committed to doing an annual actuarial analysis to look at rate need going forward.
• The HPIA board is committed to doing an annual actuarial analysis to look at rate need going forward.
• It's on them to agree to the rates that our actuaries decide.

Keywords: 912, senate, all

Transcript Highlights:

• Those rates are decided by an actuarial service that we contract with.
• Those are verified, making sure they're actuarially sound.
• They're adjusted for actuarial rate.
• They some months they lose, some months they gain, and it comes out even.
• They some months they lose, some months they gain, and it comes out even.

Keywords: 958, all

Summary: The Budget Review Subcommittee on Health and Family Services met in person, approved the October 15 minutes, and began with a moment of silence following a Louisville UPS plane explosion that was described as a local tragedy affecting many families and first responders. The main presentation was an overview of Kentucky’s Medicaid non-emergency medical transportation (NMT) program from the Department for Medicaid Services and the Transportation Cabinet. Witnesses explained that NMT is a federally required Medicaid benefit, administered by the Transportation Cabinet under a risk-based capitated model, with eligibility limited to Medicaid members traveling to medically necessary, Medicaid-covered services and who lack access to other transportation. They also described exclusions, including certain KCHIP, QMB, and PACE members, and outlined the brokered regional structure, call center operations, scheduling rules, vehicle and driver oversight, complaint handling, and rider surveys. The presenters reported that NMT handled more than 3.1 million trips in state fiscal year 2024, with over 1.38 million trips already recorded in October, and said customer satisfaction surveys were high. They said the FY 2025-26 contract total is about $360.6 million, with monthly per-member capitation rates set by region through an actuarial process and approved by CMS. They emphasized that payments are tied to monthly Medicaid enrollment and that the state draws down federal funds for the exact amount paid, with no leftover balance. They also said most NMT use comes from adult day centers and rehabilitative care such as dialysis. Members questioned the witnesses about how quality metrics and contract standards are set, whether the state had explored alternatives such as Uber Health or other integrated models, and how utilization was calculated. The witnesses said contract requirements are developed collaboratively by Medicaid Services, the Transportation Cabinet, and other agencies, and that studies of other models generally found higher costs and lower approval ratings, with additional research on a hybrid model expected by the end of the year. They clarified that one figure reflected the share of Medicaid members with registered vehicles, while another reflected actual NMT users, and they defended the capitated structure as shifting financial risk to brokers rather than the state. Representative Fleming also raised concerns about oversight, reporting, and the apparent gap between budgeted and contracted amounts, asking whether any unused funds would return to general funds; the discussion ended before a final answer was given.

Transcript Highlights:

• We also had the actuarial review on this.
• We also had the actuarial review on this We also had the actuarial review on this and<00:09:46.640><c
• </c><00:10:31.839><c> Solutions,</c> Schulty from V Actuarial Solutions, Schulty from V Actuarial Solutions
• We've done the actuarial work.
• We've raised the minimum actuarial work.

Keywords: 1187, senate, all

Transcript Highlights:

• And so that helps actuaries remain, I think, with premiums.
• So one, I want to understand where your actuary analysis comes from because I can give you examples of
• I'm going to turn it to my colleague at OSI, but the actuarial analysis that's provided directly from
• Also, the actuarial looked at different states.
• Actuarial analysis is so expensive. So...

Bills: SB101, SB21, HM52, HB132, SB14, SB20

Keywords: SB 101, Health Care Delivery and Access Act, repeal of repeal, sunset repeal, delayed repeal, health care, healthcare, access to care, medical services, provider regulation, state health law, New Mexico, SB 21, Medicare supplement, Medigap, open enrollment, guaranteed issue, birthday month enrollment, health insurance, insurance regulation

Transcript Highlights:

• We're actuarially sound. That definition of actuarial soundness is in statute.
• That means that we would be no longer actuarially sound.
• And what I will tell you is actuaries are notoriously conservative, which we like.
• Leslie, head count is part of your actuarially soundness determination.
• That's unfunded actuarial accrued liability.

Keywords: infrastructure, water supply, flood mitigation, Texas Water Fund, community projects, funding allocations

Summary: During this committee meeting, the focus was on discussing critical infrastructure funding, especially related to water supply and flood mitigation projects. Chairwoman Stepney and the Water Development Board presented extensive details regarding the Texas Water Fund, which included $1 billion appropriated to assist various financial programs and tackle pressing water and wastewater issues. Additionally, funding allocations aimed at compromising the state's flood risk and improving water conservation were hotly debated, emphasizing collaboration among committee members and the necessity of addressing community needs in such projects.

Transcript Highlights:

• Also, I want to announce that we sent a lot of bills out to analysis by our actuary last year.
• There would have been a benefit to my surviving, but because of to follow up on your question, the actuary
• It's already been figured in, so it has no actuarial cost to it. Any further questions?
• And point of clarification, is this going to an actuarial or is this the bill? This is the bill.

Bills: HB3041, HB4428, HB4429, HB1064, HB3265, HB3721, HB3028, HB3313, HB3588, HB3020

Keywords: credit card transactions, payment methods, service charge, consumer rights, financial regulation, public finance, pension, pension fund, retirement system, board of trustees, proxy voting, proxy proposal, shareholder vote, shareholder activism, fiduciary duty, pecuniary factors, nonpecuniary factors, ESG, environmental social governance, social goals