Video & Transcript Research : 'Great Start compensation'

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MN

Minnesota 2025-2026 Regular Session

Child Committee Meeting - 2025-04-02

Children and Families Finance and Policy

Transcript Highlights:
  • One of the things that we've discussed with the Great Start compensation payments, the average is about
  • We also know that the Great Start Compensation Support Program has made a difference.
  • I am here to testify in support of House File 2728, the Great Start Compensation Grants. compensation
  • We highly value the support of the state through the Great Start Compensation.
  • With the Great Start Compensation Program, the way it is funded is in the base.
MN

Minnesota 2025-2026 Regular Session

House Children and Families Finance and Policy Committee 4/2/25

Children and Families Finance and Policy

Transcript Highlights:
  • start compensation Support the great start compensation Support Program<01:16:14.400> um<01:16
  • start compensation support the great start compensation support program<01:16:18.000> was<01:
  • We also know that the Great Start Compensation Support Program has made a difference.
  • <01:24:28.040> start forget uh with the great start forget uh with the great start Compensation
  • for people uh invested in the great for people uh invested in the great start<01:25:21.679> Compensation
MN

Minnesota 2025-2026 Regular Session

House Children and Families Finance and Policy Committee 3/17/26

Children and Families Finance and Policy

Transcript Highlights:
  • c><00:02:47.160> and<00:02:47.800> um start with Hannah here and um start with Hannah here
  • that correct that we plan to start that correct that we plan to start rolling<00:30:02.240> out
  • We're laying the really great stuff.
  • <01:29:51.640> great this next week, we'll have a great great this next week, we'll have a
  • great great clarification<01:29:52.720> for<01:29:52.960> you.
KY
Transcript Highlights:
  • >> Great.<00:43:28.880> Great.<00:43:29.200> Great.
  • <00:43:30.160> We<00:43:30.319> do >> Great. Great. Great. All right.
  • We do >> Great. Great. Great. All right.
  • <00:55:10.960> things responsibility, one of the great things responsibility, one of the great
  • <01:18:42.719> on enrollment for those retirees starts on enrollment for those retirees starts
Summary: The Public Pension Oversight Board received updates from the Kentucky Public Employees Deferred Compensation Authority and the Teachers Retirement System. Chris Biddle reported that deferred compensation assets had grown to about $4.787 billion with roughly 88,000 participants, crediting auto-enrollment, targeted marketing around pay raises, and retiree-focused services. He said the board’s self-directed brokerage account, authorized by last year’s legislation, is being designed around a $40,000 account-balance threshold with up to 25% transferable into the brokerage window, tentatively for July 1 of the coming year. He also described the free financial planning program, which has been used by about 3,300 to 3,500 participants with an 87% return rate, and noted that the plan is currently in a fee holiday; members asked about the fee structure and whether the CFP service is provided through Nationwide, which Biddle confirmed. Board members praised the deferred compensation program’s growth and asked for the legislation referenced by Biddle. He said the plan’s annual fees are capped, with a $1 monthly fee plus other charges up to a $225 cap, for a maximum of $237 per year absent a managed account. He also said the program is seeking unified payroll access to expand participation, especially among teachers, and that prior lineup changes saved about $6 million annually in participant fees. Bo Barnes of TRS then addressed retired teachers’ health insurance, first clarifying a prior question about declining federal contributions to the retirement annuity trust. He explained that federally funded school positions generated contributions that rose from $72 million in 2019 to $109 million in 2022, then fell to $85 million this year, with a projection of $80 million over the next three years; if those dollars do not come from federal sources, they would have to be replaced through the SEEK formula. Barnes then reviewed TRS health coverage, explaining that the statutory contract guarantees access to group coverage but not fixed premium levels, and that TRS administers two retiree plans: KEHP for retirees under 65 or otherwise not Medicare-eligible, and MEHP for retirees 65 and older or Medicare-eligible. Barnes said TRS completed RFPs for the 2026 plan year, retaining Express Scripts for prescription drugs and switching the Medicare Advantage medical provider from UnitedHealthcare to Humana, while keeping plan design, provider access, out-of-pocket costs, and benefits materially unchanged. He noted a modest hearing-aid improvement of $500 per ear beginning in 2026. He also reported that the TRS Board approved the maximum state contribution for KEHP at $1,044.96, up from $930.76, an 18% increase that he said would require about $15 million to $16 million more annually, while the MEHP premium would drop from $210 to $200 per month because of the new contract. Using the 2024 valuation, he said the KEHP increase would slightly reduce the health trust funded ratio from 80.4% to 80.1% and raise unfunded liability from $4.036 billion to $4.051 billion. Barnes closed by reviewing the 2010 shared-responsibility reforms that shifted retiree health costs away from a pay-as-you-go model, including phased employee and district contributions and Commonwealth stabilization funding. No votes were taken beyond approval of the minutes.
KY
Transcript Highlights:
  • Okay, >> great. >> great. >> great.
  • >> Great. Yes, sir.
  • >> Great.<00:43:33.119> Great.<00:43:33.440> Great.
  • <00:43:34.400> We<00:43:34.560> do >> Great. Great. Great. All right.
  • We do >> Great. Great. Great. All right.
Summary: The Public Pension Oversight Board met with a quorum, approved the prior minutes, and heard updates from the Kentucky Public Employees Deferred Compensation Authority and the Teachers Retirement System. The deferred compensation update highlighted continued growth in assets to about $4.787 billion and roughly 88,000 participants, strong retention from auto-enrollment, a marketing campaign tied to pay raises that generated additional participation, and a new self-directed brokerage account expected to launch July 1 of the coming year for participants with at least a $40,000 balance, allowing up to 25% of their account to be moved into the brokerage window. The director also described the free financial planning service, which has been used by about 3,500 participants with a high return rate, and said the plan is currently in a fee holiday; if fees are charged, they are capped at $237 per year for most participants. Members asked questions about who provides the CFP service, the fee structure, and the brokerage eligibility threshold. The director said the CFP service is provided through the authority’s service bundle with Nationwide, not as a separate paid service, and explained that the fee cap and current fee holiday are intended to keep the program low-cost. Board members praised the deferred compensation program’s performance and asked for a copy of the legislation referenced in the presentation. TRS then presented on retired teachers’ health insurance. Barnes first clarified how declining federal contributions for federally funded school positions affect the retirement annuity trust, explaining that if those federal dollars fall, the amounts would need to be covered through the SEEK formula and that the projection for those contributions is about $80 million over the next three years. He then reviewed TRS retiree health coverage, distinguishing between KEHP for retirees under 65 or not Medicare-eligible and MEHP for Medicare-eligible retirees, and explained that TRS recently completed RFPs for both prescription drug and medical coverage. TRS will keep Express Scripts for prescription drugs, but will move the Medicare Advantage medical plan from UnitedHealthcare to Humana on January 1, 2026, while keeping the plan design, provider access, and out-of-pocket structure largely unchanged, with a new hearing-aid benefit of $500 per ear. Barnes also reported the 2026 premium and contribution changes: the maximum TRS contribution toward KEHP will rise to $1,144.96 from $930.76, an 18% increase that he said will require roughly $15 million to $16 million more in the state budget, while the MEHP premium will drop to $200 per month from $210. He said the TRS board has statutory authority to set these amounts and that the changes will have mixed actuarial effects, with the KEHP increase being negative overall and the MEHP decrease positive.
MN

Minnesota 2025 1st Special Session

House Children and Families Finance and Policy Committee 3/19/25

Children and Families Finance and Policy

Transcript Highlights:
  • can start uh changing some of that can start uh changing some of that narrative<00:12:14.560> um
  • you know we're doing this great work. you know we're doing this great work.
  • They do great work.
  • Great. Thank you, Madam Chair.
  • Great.
HI

Hawaii 2026 Regular Session

CAA Public Hearing - Fri Apr 17, 2026 @ 11:00 AM HST

Culture & Arts

Bills: SCR94, SCR22, SCR99, SCR165
Summary: The Culture and the Arts Committee met on April 17 and heard several Senate concurrent resolutions. SCR 94 would endorse Waikiki as a world surfing reserve; testimony in support came from the University of Hawaiʻi and the Waikiki Beach Improvement District Association. SCR 22 recognized the fifth anniversary of the restoration of Iolani Palace and its spiritual, political, and cultural importance, with no testimony offered. SCR 99 SD1 proposed convening a working group to establish a state-recognized nonprofit to support arts and culture engagement; DBEDT’s Creative Industries director supported the measure, and additional support was noted from the State Foundation on Culture and the Arts, several individuals, and the Hawaii Film Festival and Hawaii International Film Festival. SCR 165 SD1 designated March as March for Water Month, with support from the Board of Water Supply and the Plumbers and Pipe Fitters. After a brief recess, the committee voted to pass all four measures as is. SCR 94 passed with the chair, vice chair, and members voting aye, with Representative Garrett excused. SCR 22 SD1, SCR 99 SD1, and SCR 165 SD1 were also adopted without reservations, with Representative Garrett excused on those votes as well. The committee then adjourned, with the chair noting it was likely the final hearing of the session.
MN

Minnesota 2025 1st Special Session

House Children and Families Finance and Policy Committee 3/4/25

Children and Families Finance and Policy

Transcript Highlights:
  • So with that, I want to bring forward the Great Start Child Care Tax Credit.
  • The Great Start Child Care Tax Credit was originally introduced back in 2021.
  • The Great Start Child Care Tax Credit was originally introduced back in 2021.
  • We turned it the Great Start Child Care Tax Credit and dependent care credit because the dependent care
  • great start Child Care we' Turned It the great start Child Care um<01:40:54.440> tax<01:40:54.800
Bills: HF1, HF1384
OK

Oklahoma 2026 Regular Session

Civil Judiciary Feb 12th, 2026 at 10:30 am

Civil Judiciary

Transcript Highlights:
  • Adopts the language for great bodily injury that we use in statute for domestic violence into the statute
  • But they took it upon themselves to start doing that because it's the right thing to do.
  • Have a great day. Representative Schreiber, you're now recognized to present House Bill 4196.
  • themselves, and requires that adults keep some records about the work that they do and set aside some compensation
MN

Minnesota 2025 1st Special Session

House Children and Families Finance and Policy Committee 3/26/25

Children and Families Finance and Policy

Transcript Highlights:
  • This particular piece will make sure that the Great Start Compensation Support Payment Program policy
  • See no further member questions except I am happy to see the great start compensation program restates
  • <00:23:02.559> start<00:23:02.880> compensation<00:23:04.039> program great start
  • compensation program great start compensation program restates<00:23:05.679> existing<00:23:06.240
  • Great. feel free to close out your bill. Great.
MN

Minnesota 2025-2026 Regular Session

House Workforce, Labor, and Economic Development Finance and Policy Committee 4/15/26

Workforce, Labor, and Economic Development Finance and Policy

Transcript Highlights:
  • Great.
  • Great. The >> I'll lean in. Is this better? Great.
  • Chair, great question.
  • Chair, great question. Um >> Mr. Fro, Mr. Chair, great question.
  • Back in 2010, during the Great Recession, an effort started in this region called Business Bridge that
Bills: HF4862, HF4598
MN

Minnesota 2025-2026 Regular Session

House Workforce, Labor, and Economic Development Finance and Policy Committee 4/14/26

Workforce, Labor, and Economic Development Finance and Policy

Transcript Highlights:
  • Uh, also expecting to consider a bill regarding the workforce, workers compensation advisory committee
  • So, uh, we are going to change the order a little bit just because of who's available and start with
  • This bill is starting off with this bit of confusion because it took a little while for the reviser to
  • >> Okay,<00:47:49.280> great.
  • So, again, >> Okay, great. And so, yeah.
Bills: HF4598, HF4884, HF3732
TX
Transcript Highlights:
  • The teacher compensation allotment is a key component.
  • So I'm going to ask you about teacher compensation.
  • You've done a great job as it relates to this old bill.
  • Our students deserve nothing less than great teaching, which requires a great investment.
  • I don't see a great deal of reasoning here. Please put it back in.
Bills: HB2
TX
Transcript Highlights:
  • Let's start on my far left. Go ahead. Perfect.
  • Buffalo ISD has been a great steward of public funds.
  • Okay, great. And Ms.
  • This is a great bill. This is a good bill, let me put it that way, but I think it can be great.
  • I think we can do something great.
Bills: HB2