Video & Transcript Research : 'actuary'

Page 8 of 48
NM

New Mexico 2025 Regular Session

IC - Investments and Pensions Oversight Jul 18th, 2025

Investments & Pensions Oversight Committee

Transcript Highlights:
  • We're also required to provide an actuary report on the financial operation of the Educational Retirement
  • Now, we just recently completed our actuarial audit.
  • The year before we... ...went through a review of the actuarial assumptions that are baked into this
  • We build that into the actuarial assumption.
  • So, the other thing—the study on, or the audit, the actuarial audit—I remember in the middle of COVID
MS

Mississippi 2026 Regular Session

MS Senate Floor - 7 January, 2026; 10:00 AM

Mississippi Senate Floor Meeting

Transcript Highlights:
  • I don't understand I'm not an actuary.
  • <00:30:01.240> had state employees than the actuaries had state employees than the actuaries
  • And an ad hoc cola of the actuaries.
  • ,<00:59:57.240> and and I said this with the actuaries, and and I said this with the actuaries
  • <01:00:11.080> cannot<01:00:12.080> calculate actuaries cannot calculate actuaries cannot
Summary: The Senate convened with a quorum present, heard an invocation from Reverend Chip Stevens of First Baptist Church in Jackson, and recited the pledge of allegiance. The body then dispensed with the reading of the journal, committee reports, and bill titles, and received several guest introductions, including the president of Mississippi University for Women, the physician of the day, and the session’s pages. The main item of business was Senate Bill 2004, the Mississippi PERS Stability Act. Senator Sparks explained that the bill would provide a $500 million infusion to the PERS accumulated employers account on July 1, 2026, followed by $50 million annually for 10 years, with backup funding from unobligated general funds if needed. He said the measure was intended to help address the system’s roughly $26 billion liability and to support both state employees and local government employers, noting that the state had already taken other steps to strengthen PERS. The bill was advanced to engrossed status, read for the third time, and placed on the calendar for final passage. Senator Norwood asked whether the funding would help local governments, and Senator Sparks said it would, because the liability is shared by all employers in the system and affects local balance sheets and bond ratings. Senator Bryan then spoke at length in opposition to the broader direction of retirement policy, criticizing the committee process, the fragmentation of retirement legislation, and what he described as incentives for privatization and unfair treatment of new hires. He said he would still vote for the bill because it sends money into the system, but argued that the state should focus retirement benefits on older retirees and avoid further benefit expansions. Senator Sparks responded that the bill was a necessary cash infusion to honor commitments to employees, stabilize the system, and avoid insolvency, and said more PERS legislation would follow.
TX

Texas 89th 2nd C.S.

Finance Apr 2nd, 2025

Finance

Transcript Highlights:
  • This is the last remaining statewide pension system program that is not actuarially sound.
  • This bill will change that and provide a statutory framework for the state to provide an actuarially
  • It would also require the unfunded actuarial accrued liability be determined using an expected investment
  • We have Kinwa, A.J.... framework for the state to provide an actuarially determined contribution, which
  • It would also require the unfunded actuarial accrued liability be determined using an expected investment
Summary: The Senate Finance Committee heard several bills focused on tax administration, transportation, emergency services, historic preservation, forensic training, pension funding, and the state’s rainy day fund. Senate Bill 1337, by Senator Creighton, would require the comptroller to assess penalty and interest only on the net tax due and allow sales and use tax overpayments to offset underpayments more automatically; it was left pending while the author, comptroller staff, and a private witness continued working on the language and fiscal note. Senate Bill 1371, by Senator Hinojosa, would address Corpus Christi transit authority operations, including emergency refueling coordination, fare-setting procedures, and board term limits; it received supportive testimony and was left pending. Senate Bill 1377, by Senator Perry, would create a grant program for rural counties to buy ambulances, with a committee substitute expanding eligible uses in some cases to equipment and setting a sunset date; numerous EMS officials, county representatives, and association witnesses testified in support, emphasizing rising ambulance costs, staffing shortages, and the need for rural emergency coverage, and the bill was left pending after testimony. Senate Bill 868, by Senator Sparks, would direct at least 10% of volunteer fire department assistance funding to high wildfire-risk areas; Texas A&M Forest Service explained the map and methodology, and the committee substitute was adopted. The committee also heard Senate Bill 1426, which would place the First Capitol State Historic Site in West Columbia under Texas Historical Commission stewardship, and Senate Bill 1620, which would create a Texas Forensic Analyst Apprenticeship Pilot Program through the Office of Court Administration to address forensic scientist shortages; both had no opposition in testimony and their committee substitutes were adopted. Senate Bill 2065 would change the Texas Emergency Services Retirement System funding structure to require an actuarially determined state contribution and address the system’s unfunded liability over 30 years; Pasadena fire department representatives testified that the pension is an important volunteer retention tool, and the bill was left pending after testimony. Senate Joint Resolution 4 would raise the Economic Stabilization Fund cap from 10% to 15% of biennial revenue deposits, with a committee substitute correcting the effective date to September 1, 2027; the committee discussed the fund’s current balance and purpose before adopting the substitute. After quorum was established, the committee voted out the measures. Senate Bill 1868, Senate Bill 1371, Senate Bill 264, Senate Joint Resolution 4, Senate Bill 1426, Senate Bill 1620, and Senate Bill 2065 were all reported favorably to the full Senate, with some bills also certified for the local and uncontested calendar. The committee substitute for Senate Bill 868 was adopted and the bill was reported favorably as well. The committee then recessed subject to the call of the chair.
LA

Louisiana 2026 Regular Session

Retirement Apr 29th, 2026

Retirement

Transcript Highlights:
  • Bacala provides relative to the determination of employer contributions and amortization of certain actuarial
  • Price provides relative to the determination of employer contributions and amortization of certain actuarial
  • Price provides relative to the determination of employer contributions and amortization of certain actuarial
  • Price provides relative to the determination of employer contributions and amortization and certain actuarial
  • Relative to the determination of employer contributions and amortization of certain actuarial gains for
Summary: The Retirement Committee met on April 29, 2026, established a quorum, and heard a series of retirement-related bills, mostly cleanup or technical measures affecting various public retirement systems. SB 22 would extend Municipal Employees Retirement System eligibility to certain positions in the Second City Court constable’s office in New Orleans. SB 17 would create a funding deposit account for cost-of-living adjustments for registrars of voters’ employees’ retirement system. SB 455 would allow certain district and parish courts to participate in the Parochial Employees Retirement System. SB 456 would update compensation rules for assigned retired judges, and SB 8 would add the Louisiana Asset Management Pool as a participating employer in MERS. All of these bills were described as aligning statutes with current practice or expanding participation options, and each was reported favorably without objection. The committee also heard several Louisiana State Police retirement bills. SB 10 would repeal outdated priority allocation and retiree raise rules and adjust handling of surplus employee contributions; SB 11 would increase the funding cap for benefit increases from 2.5% to 3.5%; and SB 12 would update membership and definition language to reflect the State Police Commission rather than the Civil Service Commission. SB 18 would repeal a special exception allowing certain MERS retirees to return to part-time work while collecting full benefits, while protecting roughly 30 current participants. SB 20 and SB 21 would update actuarial gain/loss and unfunded liability funding rules for school employees’ retirement and LASERS, respectively, in light of the new permanent benefit increase funding structure. Each of these bills was supported by system officials as cleanup or modernization measures and was reported favorably. The committee spent the most time on education and return-to-work issues for teachers and public employees. SB 16 would reduce annual trustee training requirements for retirement system boards from 16 hours back to 12 hours, which witnesses said would better fit smaller systems and match the original intent of the law. SB 13 would similarly update TRSL’s actuarial funding rules after the sunset of the experience account. SB 14, based on a 2025 study work group, would consolidate and simplify TRSL return-to-work rules and expand options for retired teachers, with witnesses emphasizing teacher shortages and the need to retain experienced educators. All three were reported favorably. Finally, SB 416 would allow certain Department of Public Safety and Corrections retirees to return to critical shortage positions after one year, and SB 477 would classify the chairman of the Louisiana Gaming Control Board as a full-time state employee for retirement purposes. Both bills drew questions and discussion, especially SB 416, and both were reported favorably. The chair announced the committee’s next meeting would be moved from Monday to Tuesday, and the meeting adjourned.
LA

Louisiana 2026 Regular Session

Retirement Apr 29th, 2026

Retirement

Transcript Highlights:
  • Bacala provides relative to the determination of employer contributions and amortization of certain actuarial
  • Price provides relative to the determination of employer contributions and amortization of certain actuarial
  • Price provides relative to the determination of employer contributions and amortization of certain actuarial
  • Price provides relative to the determination of employer contributions and amortization of certain actuarial
  • Relative to the determination of employer contributions and amortization of certain actuarial gains for
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.
KY
Transcript Highlights:
  • That's actuaries, um, uh, staff.
  • in the case of Medicaid actuarial in the case of Medicaid actuarial services.<00:30:59.919> We're
  • a whole team of actuaries and do that<00:31:02.720> work.
  • And to me, for the actuarial services.
  • >> to um to certify from an actuarial >> to um to certify from an actuarial standpoint
Keywords: 958, all
Summary: The committee first approved the June 9 minutes, then reviewed a deferred personnel contract involving workers’ compensation claims administration. Staff explained that the roughly $50 million figure included about $48 million for claims payments and up to $1.45 million per year for administrative services, with billing based on a fee schedule for specific services rendered. Senator Meredith raised concerns about the vendor’s history, the scoring and bid process, and prior allegations involving the company; the administration responded that the procurement had been conducted under 45A through open competition, with outside scorers and no finding of wrongdoing tied to this contract. Meredith moved to disapprove Contract 167, Hart seconded, and the committee voted 5-2 to disapprove it. The committee then deferred a Western Kentucky University personal services contract because the vendors were still not registered with the Secretary of State’s office. Hart moved to defer the contract until the August 2026 meeting, Meredith seconded, and the motion carried. The committee also approved the agenda covering the various contract lists and deferred items. Next, the committee heard from the Cabinet for Health and Family Services on several personal services contracts for medical staffing and related services. Secretary Steven Stack and staff explained that staffing shortages often require outside vendors, that the contracts were competitively bid under 45A, and that the cabinet uses a streamlined vendor pool for specialized needs such as actuaries, auditors, and technical consultants. The committee approved Contracts 52 through 55 without objection. Discussion then began on Contract 61, with Meredith expressing concern that the committee lacked enough detail to judge whether the services could be performed in-house or whether the exchange of resources was appropriate; Stack said the contract was intended to provide efficient access to specialized outside expertise. The transcript cuts off before a final vote on Contract 61 is shown.
LA

Louisiana 2026 Regular Session

Appropriations Apr 27th, 2026

Appropriations

Transcript Highlights:
  • I've asked, I want my own actuary to work with to show the total cost of all these things that we're
  • If you actually have an actuary...
  • I've asked, I want my own actuary to work with to show the total cost of all these things that we're
  • Only an actuary can show you that total cost of care.
  • Only an actuary can show you that total cost of care.
LA

Louisiana 2026 Regular Session

Appropriations Apr 27th, 2026

Appropriations

Transcript Highlights:
  • I've asked, I want my own actuary to work with to show the total cost of all these things that we're
  • Only an actuary can show you that total cost of care.
  • I've asked, I want my own actuary to work with to show the total cost of all these things that we're
  • Only an actuary can show you that total cost of care.
  • The speaker said he can prove it by showing what actuaries say and by understanding insurance.
Summary: The House Appropriations Committee met on April 27 and first took up House Bill 175 and its companion House Bill 165, both dealing with lottery proceeds for veterans. HB 175 was amended to create a Veterans Service Grant Board within the Department of Veterans Affairs and direct $500,000 annually from Louisiana Lottery net proceeds into a Veterans Service Grant Fund, with unused money returned to the lottery proceeds fund that supports the MFP. Supporters, including the bill sponsor, The Boot Louisiana, LDVA Secretary Charlton McGinley, and Bastion Veterans Organization, argued the grants would help veteran services, workforce placement, mental health, housing, entrepreneurship, and retention of veterans in Louisiana. Members raised concerns about drawing from lottery proceeds that traditionally support education, but the committee adopted amendments and reported HB 175 favorably as amended. HB 165, the constitutional amendment companion, was also amended for technical and ballot-language changes and then reported favorably as amended for voter consideration. The committee then considered House Bill 457, which would authorize the Louisiana Department of Health and the State Fire Marshal to set minimum housing standards for homeless shelters, group homes, and halfway homes. The sponsor said the bill responded to a state auditor recommendation and to unsafe conditions in some facilities; he also explained an amendment changing the Fire Marshal’s duties from mandatory to permissive to reduce fiscal impact and allow agencies flexibility. Some members questioned whether local standards already existed and how enforcement and funding would work, while others supported the need for statewide minimum standards for human housing. The committee adopted the amendment and reported HB 457 favorably as amended. House Bill 488, by Representative Brough, sought to create a Belle Chasse Bridge Merit-Based Special Fund using recurring severance tax revenues from Plaquemines Parish to help buy out the Belle Chasse toll bridge and end what the sponsor described as excessive tolls and fees. He and several local witnesses, including business owners, a YMCA representative, and a parish council member, testified that the tolling arrangement had harmed access, businesses, and quality of life. The committee adopted a technical amendment clarifying the revenue source and then reported HB 488 favorably as amended. House Bill 566, which would prohibit state funds from supporting net-zero greenhouse gas initiatives tied to the 2022 Louisiana Climate Action Plan, drew significant debate over whether it would interfere with agency funding and economic development efforts; the sponsor argued the plan lacked legislative approval and should be repudiated, while members urged caution and suggested hearing from affected agencies. The sponsor agreed to consider deferring the bill, and the committee did not advance it at that time. House Bill 603, a constitutional amendment authorizing investment of state funds in digital assets and precious metals, was discussed as a way to hedge inflation and preserve value; members asked about limits and safeguards, and the bill was reported favorably. The committee then began hearing House Bill 763, a transparency measure creating a public database for settlement agreements involving state agencies.
TX

Texas 89th Regular

Appropriations Feb 19th, 2025

Appropriations

Transcript Highlights:
  • That means that We're actuarially sound. That definition of actuarial soundness is in statute.
  • And unfortunately, that analysis from our actuary did create some confusion.
  • That means that we would be no longer actuarially sound.
  • Lastly, headcount is part of your actuarially soundness determination.
  • Sorry for the abbreviation there, that's Unfunded Actuarial Accrued Liability.
Keywords: 1184, house, all
NH
Transcript Highlights:
  • I mean, yes, it goes into the calculation, and the actuaries have fun deciding what it is, but if we
  • But if they didn't do the actuary with that in there, then that would make the actuary incorrect, maybe
  • that's why the actuary is different than what you think it is. years of creditable service that part
  • incorrect maybe that's why the actuary incorrect maybe that's why the actuary<00:33:10.960> is
  • <00:35:34.320> are different that but if the actuaries are different that but if the actuaries
Keywords: 928, house, all
Summary: The committee reviewed selected House Bill 2 provisions, focusing first on the group two pension reform language and whether it matched prior legislation and the fiscal note. Members discussed two main issues: the treatment of extra and special duty pay in the pension calculation for employees hired before 2011, and the annuity multiplier after 15 years of creditable service. Several members said the HB 2 language was intended to restore prior law and protect against pension “spiking,” while others worried the draft and fiscal note may not have fully reflected current law, potentially affecting the cost estimate. The discussion repeatedly emphasized the need to avoid underfunding or double counting and to make sure Finance had the correct actuarial assumptions. No vote was taken; the committee agreed to flag the issues for Finance and to clarify the fiscal note. Members also discussed the vested-rights language, which was described as an explicit definition of vesting and a restriction on future legislative changes to compensation calculations after three years of service. Some viewed it as a policy protection with no immediate fiscal impact, while others noted it had been included in prior legislation and should be clearly understood before the bill moved forward. The committee also briefly referenced prior pension legislation, including House Bill 436 and House Bill 727, and noted that HB 2 was being used to carry forward related pension repair provisions. The committee then turned to an OPLC-related section transferring building, plumbing, electrical, and fuel gas inspector positions from OPLC to the Department of Safety’s Fire Marshal’s office. Testimony explained that the nine inspector positions are funded from the licensing fund, and that the move was justified as a public-safety function better aligned with the Fire Marshal’s mission because the inspections are statewide code-enforcement work rather than facility-specific licensing work. The discussion ended with a note that the remaining HB 2 changes run through 2034 and a brief announcement about memorial arrangements for C.J. Gerard.
NM

New Mexico 2025 Regular Session

IC - Investments and Pensions Oversight Nov 5th, 2025

Investments & Pensions Oversight Committee

Transcript Highlights:
  • The 2025 PERA Actuary Reports specifically recommend increasing contributions to stabilize the fund.
  • The table includes data from the last four actuary reports.
  • The actuary assumes annual salary increases of 3.25%.
  • The 2025 actuary report released just last week shows that on its current path, the unfunded liability
  • They had not released, or they had just released immediately before I did, their latest 2025 actuary
WA

Washington 2025-2026 Regular Session

Select Committee on Pension Policy Apr 21st, 2026 at 10:00 am

Select Committee on Pension Policy

Transcript Highlights:
  • The restated plan retains enough assets to cover 110% of the actuarial liabilities of the plan, and the
  • That's usually also the point where you would foresee the actuarial analysis.
  • As you've heard before, OSA, the Office of the State Actuary, our staff provides—we wear multiple hats
  • At every one of these meetings, we plan to have at least one actuary with us to help consult on the cost
  • So our two actuaries that are present today, we have Michael Harbor, who's here in person.
Keywords: 904, all
Summary: The Select Committee on Pension Policy approved the November minutes by roll call vote, then held its annual officer elections. Senator Conway was elected chair, Representative Couture vice chair, Mike Yastramski to the executive committee as the active member representative, Bev Hermanson as the retiree representative, and Anthony Marietta as the employer representative. Each election passed by roll call vote, with 14 yes votes and 5 excused members. Staff then presented a high-level overview of the 2026 legislative session, focusing on pension-related bills and studies. Topics included the termination and restatement of LEOFF 1 in Engrossed Second Substitute House Bill 2034, DRS administration changes in House Bill 2124, administrative expense authority in Substitute Senate Bill 5834, exclusion of certain port workers from PERS in Engrossed House Bill 2179, and a one-time 3% COLA for PERS and TERS Plan 1 retirees in Substitute Senate Bill 5862. The presentation also covered new studies directed to the committee, including LEOFF 1 pension board and medical liability issues and oversight of the restated LEOFF 1 plan, plus related studies assigned to the LEOFF 2 Board and the Office of the State Actuary. Committee members asked about DRS’s role in implementing the LEOFF 1 termination/restatement bill, and DRS said it would help seek IRS approval and notify members about the bill and any challenge deadlines. A separate orientation presentation reviewed committee procedures, public comment, staff roles, voting rules, and the interim work plan. Public commenters from retiree and school administrator groups urged the committee to pursue another one-time COLA and to consider an ongoing COLA for Plan 1 retirees, pointing to inflation and the LEOFF 1 surplus account created by HB 2034. No further committee action was taken beyond adjournment, and the meeting ended after scheduling the executive committee to meet later that morning.
WA

Washington 2025-2026 Regular Session

Select Committee on Pension Policy Oct 21st, 2025

Select Committee on Pension Policy

Transcript Highlights:
  • Michael Harbour next for the actuarial update. Thank you, Mr.
  • Again, for the record, Michael Harbour, actuary for OSA.
  • We do have actuarial fiscal notes from last session available on both of those, and I think they're adequate
  • In terms of the status on that project, it's going through an external audit by the Milliman actuaries
  • And the letter that we submitted from the OSA actuaries kind of provides a breakdown of the different
Summary: The Select Committee on Pension Policy Executive Committee approved the September minutes and received updates on two court cases, Fowler and Dolan. Staff explained that Fowler concerns interest calculations for members who transferred from Plan 2 to Plan 3 before 2002; the Ninth Circuit has already found liability, and the remaining issue is damages, which could be significant depending on the expert-driven calculation. Dolan was described as quieter, with briefing completed at the Court of Appeals and oral argument possible later this year or early next year. The committee also heard an actuarial update on the interim work plan, including planned informational briefings on month-of-death policy, a Plan 1 ad hoc COLA, and the OSA demographic experience study, which is still under external audit. Members asked whether updated fiscal notes had been prepared for two bills under study; staff said preliminary analysis had been done and full updates would come if the bills move forward. The committee then discussed how to handle the ad hoc COLA item and agreed to have staff draft a letter endorsing House Bill 1474 and any similar Senate bill for a one-year ad hoc COLA, to be brought back for full committee consideration in November. Staff reviewed the draft November and December work plan. The committee adopted the November agenda, which includes annual updates from the State Investment Board and Retirement Systems, the left one study closeout, and the ad hoc COLA action item. Members also discussed whether excess compensation and 2026 session prep should be handled by email rather than in a meeting, with general agreement to move the session prep to electronic communication and possibly handle excess compensation as an informational item, depending on availability. Constituent correspondence included several messages on climate change and Plan 1 COLAs, including support for the merger bill and COLAs in general. Jacob White of the LEOFF 2 Board reported that the board had only held an educational briefing on excess compensation and overtime, found the data limited, and took no further action. The meeting ended with thanks to staff and an adjournment vote.
FL

Florida 2026 Regular Session

Health Policy Mar 18th, 2025

Health Policy

Transcript Highlights:
  • And they say they're numbers we got from our actuary. That's great. That's all on your side.
  • I would prefer to have our own actuary. What I'm hoping happens is nothing.
  • What I'm hoping happens is we get an actuary.
  • We have our own actuary that can meet at least twice a year, but more often if necessary, and through
  • I would just say that I believe that our actuary may find different things than theirs do.
Summary: The Health Policy Committee heard and advanced several health-related bills. SB 1546 on background screening for athletic coaches was explained as another extension of the deadline for coaches to be added to the background screening clearinghouse; it passed favorably with support from athletic and youth sports organizations. SB 958 on type 1 diabetes early detection was amended to match the House version, requiring the Department of Health to provide school districts, school boards, and charter schools with informational materials for parents; it was reported favorably as a committee substitute. CS/SB 1070 on electrocardiograms for student athletes drew extensive discussion about sudden cardiac arrest prevention, implementation timelines, costs, funding through private and public sources, and whether insurance, KidCare, or Medicaid should cover screenings; after supportive testimony from school and athletic groups, it was reported favorably as a committee substitute. The committee also heard SB 1060, which would create a joint legislative oversight committee for Medicaid managed care to review encounter data, financials, audits, and rebate calculations with assistance from an actuary and the Auditor General. The sponsor and several senators framed it as a transparency and verification measure in response to large mid-year Medicaid funding increases and concerns about network adequacy and vertical integration; it passed favorably. CS/SB 944, which shortens the insurer overpayment recovery look-back period for claims involving psychologists from 30 months to 12 months, also passed favorably with support from the Florida Psychological Association. SB 1370, moving ambulatory surgical centers into their own statute rather than under hospital licensure provisions, was supported by surgery center representatives and reported favorably. The committee approved SB 768, as amended, to narrow the foreign-country-of-concern licensure attestation for health care entities to direct controlling interests and clarify the “reasonable efforts” standard; it passed after questions about how the standard would work in practice. SB 1544 on opticianry prompted significant debate over whether the bill would limit nonlicensed staff in ophthalmology and optometry settings; after a proposed amendment was withdrawn and multiple witnesses spoke both for and against, the bill was temporarily postponed. Finally, the committee adopted a strike-all amendment to SB 1808 requiring health care practitioners and facilities to refund patient overpayments within 30 days, with enforcement through AHCA fines or professional discipline, and then reported the bill favorably.
NH

New Hampshire 2026 Regular Session

House Commerce and Consumer Affairs (05/06/2026)

Commerce and Consumer Affairs

Transcript Highlights:
  • It clarifies the medical loss ratio treatment for actuarial and insurance accounting stability, and it
  • for actuarial and insurance accounting<00:18:07.160> stability,<00:18:08.240> and<00:18
  • It adds actuarial and operational guidelines.
  • It adds actuarial and operational this.
  • It adds actuarial and operational guidelines. guidelines. guidelines.
Keywords: 1189, house, all
OK
Transcript Highlights:
  • and the Actuarial predictions have been pretty spot on.
  • So, the actuaries come to us, they give us a range of estimates.
  • Because the actuaries had new claims data that had come through in December and provided updated numbers
  • So, the closer we get to the next fiscal year beginning, the newer claims data that the actuaries have
  • I can give you historical and actuarial evidence that will support a 10.1 or a 22.2 utilization growth
Keywords: 914, all
WA

Washington 2025-2026 Regular Session

Senate Ways & Means Dec 4th, 2025

Transcript Highlights:
  • Every two years, we commission an actuarial study.
  • So of the DCYF cases, how many of them are... an actuarial study.
  • The actuaries also will proportion the risks to each, to consider.
  • Aaron Gutierrez with the Office of the State Actuary. Thank you.
  • It wouldn't be an actuarial slide if I didn't have a disclaimer.
Summary: The Ways and Means Committee held a work session covering the state revenue outlook, caseload forecasts, wildfire costs, budget balance, tort liability, water supply, and pension policy. The Economic and Revenue Forecast Council reported modest near-term U.S. growth, no near-term Washington employment growth in 2026, continued personal income growth, and elevated inflation, with tariffs and federal policy cited as major risks. Revenue forecasts were slightly improved for the current biennium by about $105 million but down about $185 million for the next biennium. Members asked about income inequality and housing permits; staff said personal income is an aggregate measure and housing production remains below long-term needs. The Caseload Forecast Council then reported that most forecasts were unchanged or only slightly changed, but several programs increased, including Washington College Grant, Working Connections, aged/blind/disabled cash grants, nursing homes, home and community services, and developmental disabilities personal care. The largest policy-driven change was in Medicaid low-income adult caseloads, where federal H.R. 1 was projected to reduce coverage substantially through narrower eligibility, community engagement requirements, and shorter eligibility periods. The committee also heard a wildfire funding update and a 2025 fire season review. Staff explained that the state budgets $93 million annually for suppression and uses supplemental appropriations for costs above that level, with an estimated state supplemental need of about $139 million for the current year. Department of Natural Resources officials said 2025 fire activity remained below the 10-year average in acres burned, but fires were more complex and closer to communities, contributing to higher residence loss. They described expanded use of aircraft, firefighters from other states, corrections crews, and the Arcadia 20 hand crew, and said the state did not need National Guard ground support this year. A budget preview then showed that the near general fund outlook had worsened after vetoes, lapses, and forecast changes, and that maintenance-level costs alone would leave a projected negative balance by fiscal year 2027 and about $4.3 billion by fiscal year 2029, before any policy decisions. Jason Seams, the state risk manager, reported a sharp rise in tort claim costs, with indemnity expenses nearly doubling from fiscal year 2023 to 2025 and DCYF accounting for most of the increase. He said the state self-insurance liability account has run deficits for four straight biennia and is now facing nearly $600 million in deficits, driven largely by a surge in DCYF claims, especially juvenile rehabilitation and long-running sex abuse cases. Members asked about the role of old claims, comparisons with other states, excess insurance, and whether more Attorney General staff could reduce special assistant attorney general costs. The committee then shifted to water policy, hearing from tribal leaders, Ecology, and the Washington Water Trust. Tribal witnesses emphasized overappropriation, declining flows, climate impacts, and the need for legislative oversight and tribal participation in water policy. Ecology described major projects in the Odessa sub-area, Yakima Basin, and Dungeness, along with the need for storage, recharge, conservation, and policy changes to support water supply development. The Washington Water Trust argued that climate change is reducing summer flows and that the state needs more funding, enforcement, and long-term commitment to restore instream flows. The final item was a pension update on LEOFF 1 surplus assets; staff reviewed two 2025 bills that would have merged or restructured the plan and used surplus assets, but neither passed, and instead the budget directed the Select Committee on Pension Policy to study the issue and report back.
TX

Texas 89th Regular

89th Legislative Session May 10th, 2025

Texas House Floor Meeting

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.
HI

Hawaii 2025 Regular Session

LBT DEFER Public Hearing 03-28-2025

Labor and Technology

Transcript Highlights:
  • Also under the first be it further resolve subsection three, we're going to include an actuarial study
  • going to resolve subsection three, we're going to include<00:02:36.319> an<00:02:36.720> actuarial
  • <00:02:37.440> study<00:02:37.760> or<00:02:38.080> analysis include an actuarial
  • study or analysis include an actuarial study or analysis of<00:02:38.959> Hawaii's<00:02:39.440
Keywords: 912, senate, all
Summary: The Committee on Labor and Technology met for decision making on Friday, March 28, 2025, and considered two related resolutions, STR 145 and SR 117, concerning the creation of a legislative working group to develop recommendations for establishing and implementing a paid family and medical leave program for Hawaii. The chair explained that the committee would move the measures as a Senate draft with several amendments to clarify that the Department of Labor would convene the working group and could contract with an independent third-party consultant for facilitation, legal and regulatory review, comparative analysis, compliance and eligibility analysis, staffing and operating requirements, drafting recommendations, and the final report. The committee also amended the resolutions to require review of relevant federal and state laws and existing programs, specifically including the Orisa prepaid healthcare act family leave reference as stated in the transcript, and to add an actuarial study or analysis of Hawaii’s workforce, employers, and potential beneficiaries. Another amendment removed LRB as a technical assistance resource because of budget concerns raised in testimony, while clarifying that the Department of Labor may contract for those services. The chair also noted that a representative would be added as a member of the working group, and that the chair of the working group could add other stakeholders as needed, along with any technical, non-substantive amendments for clarity and consistency. No questions or concerns were raised, and the committee voted to recommend passage of STR 145 and SR 117 with amendments. The votes were unanimous, and the recommendations were adopted, concluding the agenda.
KY
Transcript Highlights:
  • <00:10:18.720> analysis actuarial analysis actuarial analysis um<00:10:20.880> where<00
  • <00:31:06.399> This actuarial analysis of negligible.
  • This actuarial analysis of negligible.
  • will say, is there an actuarial will say, is there an actuarial calculation<00:37:04.720> of<
  • > determined And additionally, the actuary determined And additionally, the actuary determined
Summary: The committee heard testimony from Rep. Ashley Tackett Laferty on a bill to extend minimum line-of-duty hazardous duty retirement benefits to certain CERS and KERS non-hazardous members who are injured in the line of duty and cannot return to that work. She used a video and examples from Eastern Kentucky first responders, including a deputy who lost a leg and an emergency management director who lost an eye, to argue that some injured officers and responders fall through the cracks because their employers did not elect hazardous-duty coverage. She said the proposal would provide 25% of pay to the disabled officer, plus 10% for dependent children and minimal health benefits, and noted estimated actuarial costs of about $2.9 million for CERS and $0.542 million for KERS, funded through small employer-rate increases. Members asked how far back the bill would reach, how many people might qualify, and whether the benefit would apply only to active employees or also to past injuries. Laferty said the bill would include a five-year window for recent situations and could potentially cover a total of 3,333 positions statewide that could be certified as hazardous, though benefits would only apply if the person was injured in the line of duty and disabled from returning to that work. Questions also focused on whether a non-hazardous employee could qualify if injured in a hazardous situation; Laferty said yes, if the position could be certified as hazardous, but only for the bill’s minimum benefits. Rep. Josh Calloway and others noted that local governments choose whether to pay the higher hazardous-duty contribution rates, which they said often drives the coverage decision. The committee then heard Rep. Daniel Gberg present a separate bill revising school leave rules so teachers and school employees may use accumulated sick leave to observe religious holidays not on the school calendar, with a required personal statement and advance notice. He said the change would address a longstanding inconsistency for teachers who observe non-Christian holidays and currently may have to choose between unpaid leave or improperly using sick days, and he said prior concerns about retirement service credit and maternity leave were reduced by other policy changes. The discussion ended without a vote, with members indicating they had the relevant materials and that the bill would be revisited later.