Video & Transcript : 'actuarial valuation' :

Page 9 of 114
TX
Transcript Highlights:
  • independent living communities that make no promise to provide future care and therefore do not have actuarial
Summary: The committee heard testimony on Senate Bill 883, which would protect physicians’ ability to prescribe off-label medications and treatments, framed by the author as a “Right to Treat” measure tied to COVID-19 care. Supporters, including physicians and patient-choice advocates, said the bill would safeguard the doctor-patient relationship and prevent interference by boards, pharmacies, or hospitals. Several witnesses described using hydroxychloroquine, ivermectin, budesonide, antibiotics, steroids, and monoclonal antibodies during the pandemic, and said they faced complaints, board scrutiny, or pharmacy refusals for those prescriptions. The bill was left pending after public testimony closed. The committee then took up Senate Bill 331, which would extend hospital price-transparency requirements to additional health care facilities such as freestanding ERs, urgent care and retail clinics, ambulatory surgical centers, outpatient clinics, and birthing centers. Proponents argued that broader disclosure of prices for shoppable services would help consumers compare costs and reduce surprise billing, while opponents from ambulatory surgery centers said the bill would impose costly compliance burdens on small providers and that insurers or the state already have much of the needed data. The bill was also left pending. Senate Bill 2422 would expunge Texas Medical Board records and impose reparations for disciplinary actions tied to COVID-era treatment decisions, including references to ivermectin, hydroxychloroquine, budesonide, and masks. The author and supporters argued that doctors were unfairly targeted for trying to save patients and should be made whole; the Texas Medical Board representative said most pandemic complaints were dismissed, that actions generally involved broader issues such as privileges, documentation, or informed consent, and that no physician was disciplined solely for prescribing off-label COVID medications. The bill was left pending. Finally, the committee heard Senate Bill 2207, which would loosen Texas Medical Board rules on physicians advertising themselves as board certified, especially by reducing barriers tied to maintenance of certification requirements. Supporters said the current rule is overly restrictive, inconsistent, and costly, and that it drives physicians out of practice; they also said Texas is one of only a few states with such a rule. Witnesses described hospitals using the rule against physicians and said the change would improve transparency and competition. The bill remained pending after testimony.
AZ
Transcript Highlights:
  • 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.
  • And then when determining the true valuation actuarial information, that is taking that behavior into
  • However, the true valuation of the actuarial liability would be $64 million, which would be a reduction
  • Well, that's just actuarial. What's the legal standpoint?
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.
NH

New Hampshire 2025 Regular Session

House Finance Division I (03/14/2025)

Transcript Highlights:
  • So, HB 2, 2023: what we ask the actuary to do is give us a number that would have a neutral effect on
  • in the provisions, and therefore he valued it the same as HB 727, for which we did a full valuation
  • The only one we've done a full valuation for is HB 727.
  • The only one we've done a full valuation for is HB 727.
  • There were other actuarial factors that...
Summary: The committee first took up House Bill 187, which would allow parents or guardians to seek restraining orders on behalf of a minor child even when the alleged perpetrator is not a family or household member. Tracy Sirles testified that the bill was prompted by her family’s experience after being told by state police to seek a restraining order, only to learn the current law did not allow it because the offender was the child’s best friend’s father. Members agreed the change was straightforward, noted the fiscal note reflected only a small indeterminate cost to the judicial branch, and moved House Bill 187 ought to pass; the motion was approved unanimously. The committee then discussed House Bill 66, a Right-to-Know bill that removes “citizen” language in favor of “person” in some provisions and allows certain New Hampshire-connected requesters to seek records electronically if the records already exist in that format. Members reviewed concerns about defining “member of the media,” the scope of electronic requests, and a sentence stating appeals would have no filing fee or search charge. After debate, the committee voted to amend the bill by removing that fee-waiver sentence, then recommended House Bill 66 ought to pass as amended. The vote was 6-3. Next, the committee heard from the Environment and Agriculture chair about several solid-waste-related bills being folded into trailer bill language, including House Bill 215 and House Bill 171, with discussion of a possible three-year landfill moratorium and the need to address DEES staffing and funding concerns. DEES later clarified that the revised approach would not require new positions or create a fiscal impact because the new solid waste commission would be self-funded through filing fees. The committee voted unanimously to retain House Bill 215. Finally, the committee considered House Bill 566, which requires landfill permit applications to include a detailed leachate management plan and more information about disposal contracts. The sponsor said the bill was developed with DEES to address leachate problems and improve safety oversight. DEES testified that the bill largely reflects current practice and would have no specific fiscal impact, with existing staff able to absorb any review workload. The committee moved House Bill 566 ought to pass, and the motion was approved unanimously. The committee also briefly discussed House Bill 624, a grant program for local river management advisory committees, but no vote was taken in the portion provided.
OK

Oklahoma 2026 Regular Session

Rules 2ND REVISED Mar 4th, 2026 at 09:30 am

Rules

Transcript Highlights:
  • Actually, the evaluation goes up with the maximum it can be as far as the taxable valuation is 3% on
  • So how large could that valuation gap become after 10 or 20 years under a 1% cap?
  • Right now, the valuation is often on a vacant piece of land.
  • They started protesting the valuations.
  • Those ended up in court and they lasted for years with those valuations being held up in escrow.
Committee: Senate Rules
MN

Minnesota 2025-2026 Regular Session

House Judiciary Finance and Civil Law Committee 4/3/25 - Part 1

Judiciary Finance and Civil Law

Transcript Highlights:
  • If a building appeals its property tax valuation and uses Building B and Building C as comps, the proprietary
  • 58:38.240><c> tax</c> property tax appeals its property tax property tax appeals its property tax valuation
  • 39.200><c> uses</c><00:58:39.599><c> Building</c><00:58:39.960><c> B</c><00:58:40.200><c> and</c> valuation
  • and uses Building B and valuation and uses Building B and Building<00:58:40.599><c> C</c><00:58:40.880
TX

Texas 89th Regular

Public Education Mar 6th, 2025

Public Education

Transcript Highlights:
  • To make our TRS system actuarially sound. this bill.
  • Practice recommended by your actuarial consultant with regard to the number.
  • The actuarial statement from LBB, it says we would need another $3.1 billion.
  • Reflects this hit to the actuary actuarial action and he's presenting the You take an average of three
  • It took us a long time to get the system to actuarial soundness.
Bills: HB2 , HB2
LA

Louisiana 2026 Regular Session

House of Representatives Mar 26th, 2026

Louisiana House Floor Meeting

Transcript Highlights:
  • So we're asking that it would be set at 3% above the actuarial rate.
  • But there's no way the actuarial increases will be borne on the taxpayer.
  • But there's no way the actuarial increases will be borne on the taxpayer.
  • So can you talk to me about the actuarial note and the savings?
  • The actuarial note didn't really say, what is this doing to the cost?
Bills: HR70 , HR71 , HCR35 , HB31 , HB326 , HB1013 , HB1014 , HB1015 , HB1016 , HR65 , HR66 , HR67 , HR68 , HR69 , HCR33 , HCR34 , HB1006 , HB1007 , HB1008 , HB1010 , HB1011 , SB2 , SB13 , SB24 , SB28 , SB40 , SB47 , SB48 , SB70 , SB79 , SB80 , SB109 , SB127 , SB139 , SB154 , SB181 , SB199 , SB200 , SB208 , SB277 , SB317 , SB336 , SB349 , SB357 , HR15 , HR20 , HCR14 , HB51 , HB58 , HB69 , HB82 , HB93 , HB143 , HB166 , HB199 , HB201 , HB202 , HB218 , HB222 , HB223 , HB224 , HB231 , HB235 , HB246 , HB338 , HB349 , HB352 , HB379 , HB405 , HB429 , HB535 , HB547 , HB577 , HB588 , HB626 , HB636 , HB652 , HB653 , HB669 , HB688 , HB691 , HB721 , HB738 , HB749 , HB806 , HB843 , HB851 , HB857 , HB861 , HB889 , HB904 , HB907 , HB908 , HB929 , HB955 , HB1009 , HB952 , HB8 , HB9 , HB10 , HB15 , HB16 , HB17 , HB18 , HB19 , HB22 , HB33 , HB34 , HB35 , HB44 , HB46 , HB47 , HB48 , HB61 , HB101 , HB126 , HB135 , HB142 , HB164 , HB185 , HB215 , HB226 , HB232 , HB233 , HB242 , HB284 , HB292 , HB297 , HB301 , HB334 , HB436 , HB468 , HB548 , HB571 , HB582 , HB593 , HB594 , HB609 , HB613 , HB712 , HB722 , HB732 , HB746 , HB827 , HB845 , HB848 , HB921 , HB923 , HB951 , HB953 , HB999 , HB53 , HB57 , HB64 , HB102 , HB106 , HB111 , HB137 , HB152 , HB155 , HB177 , HB238 , HB256 , HB258 , HB337 , HB359 , HB363 , HB386 , HB434 , HB546 , HB557 , HB584 , HB661 , HB697 , HB726 , HB727 , HB747 , HB756 , HB758 , HB759 , HB765 , HB767 , HB825 , HB858 , HB930 , HB941 , HB957 , HB964 , HB868 , HB119 , HB140 , HB739 , HB842 , HB875 , HB919 , HB52 , HB228 , HB289 , HB735 , HB796 , HB901 , HB193 , HB400 , HB570 , HB733
TX
Committee: Senate Education
Summary: The Senate Committee on Education K-16 met with a large agenda and repeatedly recessed for floor activity and other committee conflicts. The committee heard and left pending several higher education bills, including SB 2361 to transfer University of Houston-Victoria from the University of Houston System to the Texas A&M System and rename it Texas A&M University Victoria; testimony from university officials, local leaders, and industry representatives strongly supported the move as a way to better align degree programs with regional workforce needs in engineering, agriculture, and STEM. SB 530, which would align Texas accreditation statutes with federal rules allowing institutions to choose among nationally recognized accreditors, also received supportive testimony and was left pending. SB 1085, allowing Sul Ross satellite campuses to offer lower-division coursework toward bachelor’s degrees, was laid out and left pending as well. The committee also took up a series of education policy bills. SB 1241 would expand the standardized tests Texas public universities may accept for admission beyond the SAT and ACT, with supporters from the Classic Learning Test, homeschool advocates, and student-choice groups arguing it would increase access and competition; it was left pending. SB 769 would require a TEA/Higher Education Coordinating Board report on barriers faced by students with disabilities in higher education, and testimony from The Arc of Texas and others emphasized the need for better data and accessibility; the bill was left pending. SB 2231 would designate the second week of October as Free College Application Week, and SB 1878 would modernize terminology and support workforce-oriented programs at the Josie School; both were laid out and left pending. The committee reported several bills favorably after adopting committee substitutes. SB 605, concerning charter school expansion applications while under conservatorship or a management team, passed on a 9-0 vote. SB 1871, SB 1873, and SB 1874, all related to school discipline and teacher immunity/placement review provisions, were adopted and reported favorably, with members noting the need for further discussion on some language. SB 762, dealing with flag displays in public schools, passed on a 7-1 vote. SB 1962, relating to public school accountability and challenges to school system operations, passed 7-1 after a corrected vote. SB 1750, replacing a $60 million statewide charter facilities cap with an attendance-growth-based allotment, passed 7-1 with one member voting present not voting. SB 2252, supporting kindergarten readiness and early literacy/numeracy, SB 2253, concerning educator preparation and certification, SB 2365, on student use of wireless devices during instructional time, and SB 1924, restoring local peace officer citation authority for school offenses and adding reporting and parent-notification requirements, were also reported favorably. The committee additionally heard SB 37 on higher education governance and compliance oversight, which passed 7-1 after a substitute that refined curriculum review, governing board authority, faculty senate rules, and a new compliance office within the Higher Education Coordinating Board.
MN

Minnesota 2025-2026 Regular Session

House Commerce Finance and Policy Committee 2/27/25

Commerce Finance and Policy

Transcript Highlights:
  • A separate actuarial analysis is required.
  • We create and produce aggregated data that contributes to the actuarial analysis.
  • Finally, those data go back to the actuaries and to Commerce.
  • That included an actuarial evaluation of the impact of telehealth expansion on health care costs.
  • </c><00:45:57.760><c> and</c> number of kinds of EV valuations and number of kinds of EV valuations and
HI

Hawaii 2025 Regular Session

CPC/CPN Joint Info Briefing - Mon Jan 27, 2025 @ 2:00 PM HST

Hawaii House Floor Meeting

Transcript Highlights:
  • Which is significantly under the actuarial indicated rate need to get to break even.
  • The HPIA board is committed to doing an annual actuarial analysis to look at rate need going forward.
  • analysis to doing an annual Actuarial analysis to look<00:39:49.560><c> at</c><00:39:49.720><c> rate
  • </c> sorry yes but with all the actuaries sorry yes but with all the actuaries giving<00:57:35.000><c
  • decide but um yeah that our actuaries decide but um yeah ultimately<00:57:50.520><c> again</c><00:57
AL

Alabama 2025 Regular Session

Alabama House Ways and Means Education Committee Feb 12th, 2025

Ways and Means Education

Transcript Highlights:
  • Then you also have market changes and some actuarial changes that have contributed to the decline in
  • But, you know, interestingly, the active raises we've realized recently, if they are above the actuarial
  • You know, it's the fiscal... ...you know, it's the fiscal year 22 valuation that you see where it dropped
  • That's what the actuaries have estimated. Yes.
  • The actuaries estimated that they added $2.2 billion to the unfunded liability, and then these are the
Bills: HB188 , HB52
ND

North Dakota 2025-2026 Regular Session

Senate Floor Session Apr 2nd, 2025 at 12:30 pm

North Dakota Senate Floor Meeting

Transcript Highlights:
  • So the $90 million is the amount that was identified by the actuaries to make sure that we're on a funding
  • So the $90 million is the amount that was identified by the actuaries to make sure that we're on a funding
  • Sections 2 and 6 address the employers that are charged the actuarially determined employer contribution
  • 1572 has multiple requests within the bill, from limiting park district bonds at 1% of assessed valuation
  • . from limiting park districts bonds at 1% of access valuation of the taxable property within the district
Summary: The Senate convened with prayer, pledge, roll call, and a quorum present, then approved a motion to lay over House Bill 1525 for one legislative day. It also voted not to concur with House amendments on Senate Bills 2294, 2297, 2070, 4017, and 2262, appointing conference committees for each. The chamber then took up a series of House bill amendments and final-passage votes. On amendments, the Senate adopted changes to House Bill 1229 on fleeing law enforcement and driving-record transparency after debate over insurance impacts and public safety; House Bill 1510 on teacher retention, on-site child care, and licensure study language; House Bill 1160 to restrict student personal electronic devices during instructional time; House Bill 1429 to address drone harassment and stalking of animals; House Bill 1203 to harmonize medical marijuana provisions; House Bill 1600 to create a UND immigration clinic with reporting requirements; House Bill 1130 to broaden K-12 funding formula changes and reduce state fiscal impact; House Bill 1279 to modify the coal conversion tax exemption; House Bill 1442 to adjust membership and scope of a state task force; and House Bill 1464 to convert a maternal care services proposal into a study and remove the appropriation. The Senate rejected an amendment to House Bill 1022 concerning the Retirement and Investment Office bonus program, then passed the bill. It also passed House Bill 1234 on a $90 million transfer to reduce PERS liability, while rejecting a floor amendment to it. On final passage, the Senate passed House Bills 1008 (Public Service Commission budget), 1218 (temporary moratorium and study on economic analysis for drain projects), 1234 (PERS funding transfer), 1146 (PERS defined contribution cleanup and emergency clause), 1355 (expanded notice for administrative rulemaking), 1470 (Game and Fish fee changes and guide/outfitter updates), 1029 (Capital Grounds Planning Commission duties), 1017 (Game and Fish budget), 1374 (township supervisor open-meeting exemption for on-site inspections), and 1064 (NC-SARA membership and distance education regulation). It defeated House Bill 1583 on false political advertisements with civil-action language and House Bill 1393 on earned wage access provider regulation. The transcript ends as the Senate begins consideration of House Bill 1326 on self-defense and unlawful firearm possession by felons.
AL
Transcript Highlights:
  • Um, and this is a chart showing the funded ratio for TRS from 2000 to the latest actuarial valuation,
  • </c> TRS from 2000 to the latest actuarial TRS from 2000 to the latest actuarial valuation<00:26:03.039
  • </c> valuation which is fiscal year 24. valuation which is fiscal year 24.
  • >> Well, if you did that, the actuaries would build in when they're looking at an active member, okay
  • have assumed for the wage the actuaries have assumed for the wage growth<00:29:10.240><c> it</c><00:
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
NE

Nebraska 2025-2026 Regular Session

Legislative Morning Session Apr 9th, 2026

Nebraska Unicameral Floor Meeting

Transcript Highlights:
  • The benefit is based on actuarial equivalence and the purchase of annuity contracts.
  • Are they affected by the valuation of the county or the levy of the county?
  • This year, I had a bill to drop ag land valuation from 75% to 50%.
  • That is what has increased our valuations.
  • And what did we do with that valuation surplus that people call a windfall?
ND

North Dakota 2026 1st Special Session

Legislative Audit and Fiscal Review Committee Mar 24th, 2026

Legislative Audit and Fiscal Review Committee

Transcript Highlights:
  • The net pension liability changes each year due to investment performance, actuarial assumptions, and
  • An example would be: when a plan is projected to be fully funded, the valuation uses a 6.5% expected
  • These amounts are actuarially determined each year by the actuaries that are commissioned by PERS, and
  • So what we did during fiscal year 2025, based on our actuarial reserve review, is reduce our discount
  • They are large enough to have actuaries and these individuals on staff. We are not.
Summary: The Legislative Audit and Fiscal Review Committee met to receive a series of audit presentations, beginning with approval of the prior meeting minutes and a review of the state’s annual comprehensive financial report (ACFR) for fiscal year 2025. The State Auditor’s Office and the Office of Management and Budget reported a clean opinion on the state’s financial statements and described continued growth in net position, strong general fund balance, and significant Legacy Fund investment income. Committee members asked about how the report reflects long-term finances and how North Dakota compares with other states, and OMB noted that the ACFR is based on audited actual results rather than budget forecasts. The committee then heard the North Dakota University System audit, which also received a clean opinion but included four findings: misreporting of Strategic Investment and Improvements Fund construction money, insufficient monitoring of service organizations, improper bank reconciliations at several campuses, and investment/cash recording issues at Bismarck State College. University System officials agreed with the findings and said corrective actions were underway, including internal review of bank reconciliations and greater use of shared services. Members also questioned practices such as campus use of certificates of deposit and whether repeated findings were being adequately addressed. Additional audits were presented for the State Fair Association, State Auditor’s Office, Workforce Safety and Insurance, Housing Finance Agency, Housing Incentive Fund, Job Service North Dakota, the Retirement and Investment Office, PERS, the Center for Distance Education, the Securities Department, the Commission on Legal Counsel for Indigents, the Ethics Commission, and the Office of Administrative Hearings. Most received clean opinions with no findings; exceptions included a repeat component-unit issue at the State Fair Foundation, a securities personnel-evaluation finding, and a Housing Finance Agency finding involving a late return of escrow surplus. The committee also discussed broader oversight issues, including the need for independent auditing of the Ethics Commission, possible legislative changes to give the State Auditor more subpoena power and independent legal counsel, and future work on data analytics, cybersecurity reviews, and audit capacity. The meeting recessed for lunch after these discussions.
MN

Minnesota 2025-2026 Regular Session

Legislative Commission on Pensions and Retirement - 04/08/25

Minnesota Senate Floor Meeting

Transcript Highlights:
  • Um also from TRA's actuary uh year.
  • </c><00:18:48.880><c> acred</c> increase the unfunded actuarial acred increase the unfunded actuarial
  • </c><00:18:59.120><c> actuarial</c><00:18:59.840><c> acred</c> the unfunded actuarial actuarial acred
  • the unfunded actuarial actuarial acred liability<00:19:00.960><c> by</c><00:19:01.280><c> approximately
  • </c> approving changes to our actuarial approving changes to our actuarial assumptions,<02:19:49.120>
TX

Texas 89th Regular

Ways & Means May 5th, 2025

Ways & Means

Transcript Highlights:
  • the committee probably knows, There's about 7 million acres in Texas under the 1D1 wildlife tax valuation
  • run cattle, or it's not economically productive for them to transition into a wildlife management valuation
  • their land, and it's meant to penalize a change of use coming out of agricultural or wildlife tax valuation
  • , which is the only land use valuation that is increasing.
  • Without repeating all of the actuarial data that my colleagues have already aptly described, I want to
Committee: House Ways & Means
OK
Transcript Highlights:
  • Order actuarial studies on any bill that has a health mandate.
  • The question I have though is, can we ensure that the actuaries are truly independent third-party actuaries
  • And then the language it is says to specify an actuarial studies.
  • But the bill does mention it should be third-party actuaries that specialize in actuarial services.
  • That paragraph doesn't just say actuarial services.