Video & Transcript Research : 'TRS'

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HI
HI

Hawaii 2026 Regular Session

TRS-EIG-EDU, EIG-TRS, TRS Public Hearings 03-24-2026

Keywords: HI Senate YouTube, https://www.youtube.com/watch?v=mmaBXxtXPVg, 2026-07-02T01:23:35+00:00, 2.2.24, Data collected via generic collector engine, 00:00 - Start 00:11 - TRS-EIG-EDU 3:00 PM 00:59 - HB 2033 07:22 - DM TRS-EIG-EDU 3:00 PM 10:33 - EIG-TRS 3:01 PM 10:52 - HB 2022 22:35 - DM EIG-TRS 3:01 PM 25:34 - TRS 3:02 PM 26:20 - HB 1524 40:31 - HB 1688 45:18 - HB 1691 47:16 - HB 1692 55:30 - HB 2030 01:33:18 - SCR 31 / SR 27 01:34:51 - SCR 145 / SR 137 01:35:47 - DM TRS 3:02 PM Hearing Notices: TRS-EIG-EDU 3:00 PM https://www.capitol.hawaii.gov/sessions/session2026/hearingnotices/HEARING_TRS-EIG-EDU_03-24-26_.PDF EIG-TRS 3:01 PM https://www.capitol.hawaii.gov/sessions/session2026/hearingnotices/HEARING_EIG-TRS_03-24-26_.PDF TRS 3:02 PM https://www.capitol.hawaii.gov/sessions/session2026/hearingnotices/HEARING_TRS_03-24-26_.PDF, 912, senate, all, 2.2.42, 2.1.47
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Hawaii 2026 Regular Session

TRS-PSM, TRS Public Hearings 03-12-2026

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Hawaii 2026 Regular Session

TRS, TRS-EIG Public Hearings 03-17-2026

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Hawaii 2026 Regular Session

TRS-CPN, TRS DEFER, TRS-PSM, TRS, TRS-AEN Public Hearings 03-22-2022 3:00pm

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Hawaii 2026 Regular Session

TRS-WTL, TRS-PSM, TRS, TRS DEFER Public Hearings 02-15-2022 3:05pm

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HI

Hawaii 2026 Regular Session

TRS, TRS-EDU, TRS-WTL Public Hearings 04-22-2022 9:30am

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Hawaii 2026 Regular Session

TRS, TRS DEFER, TRS-GVO Public Hearings 03-17-2022 3:00pm

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Hawaii 2026 Regular Session

AEN-TRS, TRS DEFER, GVO-TRS Public Hearings 02-08-2022 3:00pm

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Hawaii 2026 Regular Session

TRS-PSM, TRS DEFER, TRS-AEN Public Hearings 03-29-2022 3:00pm

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Hawaii 2026 Regular Session

TRS, TRS-PSM, TRS-EET Public Hearing 3-25-2021 3pm, 3:15pm, 3:16pm

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Hawaii 2026 Regular Session

TRS-Defer, TRS Public Hearing 2-9-2021 3pm, 3:05pm

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HI

Hawaii 2026 Regular Session

TRS, GVO- TRS Public Hearings 02-10-2022 3:00pm

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HI

Hawaii 2026 Regular Session

TRS, TRS DEFER Public Hearings 02-03-2022 3:00pm

KY
KY

Kentucky 2025 Regular Session

Public Pension Oversight Board (12-12-25) - Part 2 Reupload

Transcript Highlights:
  • Is there someone that we could invite even from TRS?
  • c><00:52:06.400> invite<00:52:06.960> even<00:52:07.200> from<00:52:07.680> TRS
  • <00:52:09.040> Um<00:52:09.599> a we could invite even from TRS?
  • Um a we could invite even from TRS?
  • or or even heavily weighted towards TRS or or even CS.<00:52:19.920> Um<00:52:20.960> and<
Keywords: Reuploaded to restore a few minutes lost at the end of the meeting Representative Tackett-Lafferty: 00:22 • Line of Duty Disability Benefits Representative Grossberg: 26:32 • Loss of TRS Credit Due to Religious Holiday Observance Representative Blanton: 32:01 • Educational Contracts and Membership Dates in KERS Representative Tipton and Representative Blanton: 40:55 • Apply SB 10 Changes from 2025 to KERS/SPRS Senator Higdon: 46:08 • PPOB Reporting on Line of Duty Benefits • TRS Annual Leave Impact on TRS • PPOB Membership • Use of Sick Leave for Religious Holidays Adjournment: 56:03, 958, all
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.
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Hawaii 2026 Regular Session

TRS-JDC, TRS Public Hearings 04-05-2022 3:00pm

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Hawaii 2026 Regular Session

AEN/TRS, TRS/AEN, AEN/PSM, PSM/AEN Public Hearing 2-10-2021 1:00pm, 1:05pm, 1:45pm, 1:50pm

KY
KY

Kentucky 2025 Regular Session

Public Pension Oversight Board (12-12-25) - Part 1

Transcript Highlights:
  • it put them in TRS 1 instead of TRS 2. it put them in TRS 1 instead of TRS 2.
  • TRS 1 to TRS 2.
  • You know, TRS 2 tightens up a little over TRS 1, TRS 3 is a little tighter on benefits than TRS 1, 2,
  • TRS 1 to TRS 2. switch you from 1 to 2. TRS 1 to TRS 2.
  • 1 through 3 doing that TRS TRS has, TRS 1 through 3 doing that<01:31:46.720> does<01:31:46.920
Keywords: Meeting Start: 00:00:00 Attendance Roll Call: 00:00:12 Approval of Minutes: 00:01:34 Actuarial Valuation Update – KPPA: 00:02:10 Actuarial Valuation Update – TRS: 00:25:32, 958, all
Summary: The meeting began with roll call, confirmation of a quorum, and approval of the prior minutes. The main presentation was from KPPA officials Ryan Barrow and Erin Saratt on the annual actuarial valuations for the retirement and insurance systems. They said the systems’ funding status improved overall, with three of five insurance funds fully funded, CERS hazardous dropping from over 100% funded to 90.9% because of premium changes, and KRS receiving $650 million in supplemental funding over the biennium. They also reported strong investment returns above assumed rates, higher payroll and membership counts, and resulting actuarial losses tied to higher salaries and premiums, especially on the insurance side. Members asked several questions about what drove the actuarial losses and whether legislation affected them. KPPA said the CERS insurance loss was driven by premium increases and Senate Bill 10, while the pension-side losses were largely due to higher payroll and benefits for Tier 1 and Tier 2 members. They explained that new Tier 3 employees are designed to add no additional unfunded liability, and that the state administers the systems but does not directly control all hiring. Questions also focused on retiree health premiums, which KPPA said rose about 15% for non-Medicare retirees and 38% for Medicare retirees, with the increase attributed to utilization, prescription costs, and the Inflation Reduction Act. The committee then heard from TRS Deputy Executive Secretary and General Counsel Beau Barnes on the 2025 TRS actuarial valuation. He reported that the Retirement Annuity Trust and Health Insurance Trust both received full funding, the retirement trust’s funded ratio improved to 61%, TRS 4 remains well funded with no liability, and the health insurance trust improved to 89.1%. Barnes said TRS is on track to fully fund legacy liabilities within the amortization period, with 2044 as the point when the system reflects 100% funding and 2046 as the last year needing additional dollars for the legacy liability. He also explained that lower assumed investment returns and updated mortality assumptions increased liabilities, but that TRS uses direct rate smoothing for budgeting purposes. At the end of the meeting, the chair circulated a proposed set of “do’s and don’ts of pensions,” emphasizing that future legislation should not create unfunded liabilities. Barnes also noted he would later discuss several legislative proposals for the 2026 session, but the transcript provided ends before that discussion or any votes on those proposals.
KY
KY

Kentucky 2025 Regular Session

Public Pension Oversight Board (1-27-25)

Transcript Highlights:
  • TRS then bills the state for the retirement cost for the sick leave program.
  • <00:39:01.200> recently With TRS, which TRS has recently implemented most of these, the bill
  • Basically what it does, it just sets a cap for what TRS will pay.
  • Basically what it does, it just sets a cap for what TRS will pay.
  • Basically what it does, it just sets a cap for what TRS will pay.
Keywords: Meeting Start: 00:02 Attendance Roll Call: 00:49 Approval of Minutes: 01:55 CERS Retiree Health Subsidy Proposal: 02:14 SB 58: 24:05 TRS Sick/Annual Leave Proposal: 32:53 Adjournment: 48:00, 958, all
Summary: The committee first approved the prior month’s minutes after a roll call established a quorum. It then heard testimony on a draft proposal from Senator Robbie Mills to increase CERS retiree health subsidies for members retiring on or after July 1, 2003. The bill would raise the non-hazardous subsidy from $14.63 to $40 per month per year of service and the hazardous-duty subsidy from $21.94 to $50, with employee contribution rates adjusted based on the health trust’s funded status. Supporters from sheriffs, firefighters, police chiefs, and the Kentucky League of Cities said the change would improve recruitment and retention, better align the subsidy with the cost of a single health plan, and preserve the system’s financial footing through shared employer-employee costs and funding triggers. Committee members asked about the fiscal impact, the effect of funding levels above 150%, and how the subsidy would work for rehired retirees or employees who later take private-sector jobs. Mills and other witnesses said preliminary actuarial work was still forthcoming, that the bill was intended to be revenue-neutral or close to it, and that the subsidy would continue to be paid monthly; they also noted existing 2008 rules for rehired retirees and said the benefit would still be available even if a retiree later had other insurance. One member suggested looking at stable accounts as an additional option for special-needs planning in a later bill. The committee then heard Senate Bill 58 from Senator Robin Webb, which would allow state employees to designate a Special Needs Trust as a beneficiary for retirement benefits. Webb said the measure would help employees provide for disabled dependents without jeopardizing SSI or Medicaid eligibility, and that the bill follows federal special-needs trust rules. He said the proposal could be revenue neutral, but actuarial analysis was still pending and KPPA had asked for electronic rather than paper transfer provisions. Members questioned whether the authority already exists, how the trust would work, and whether stable accounts should also be considered; Webb said he would follow up with additional information.
KY
KY

Kentucky 2025 Regular Session

Public Pension Oversight Board (7-29-25)

Transcript Highlights:
  • member of the TRS and you've got unused member of the TRS and you've got unused sick<00:06:04.160>
  • that<00:06:18.000> a<00:06:18.240> TRS That a TRS recipient would receive, or is that part
  • .<00:10:37.600> Alex TRS.
  • Alex TRS.
  • TRS Bo Barnes here. TRS Bo Barnes here.
Keywords: Meeting Start: 00:07 Attendance Roll Call: 00:13 Approval of Minutes: 02:28 2025 RS SB 9: TRS Leave Audit Requirements & Process: 03:05 2025 RS SB 10: Overview of Enacted Legislation & Discussion: 28:38 Adjournment: 42:13, 958, all
Summary: The meeting opened with roll call, a quorum was confirmed, and the minutes were approved. The committee then heard testimony on Senate Bill 9, which concerns TRS sick leave audit requirements and process. Auditor Allison Ball’s staff said the audit is an information-gathering review of how teacher sick leave is accumulated, current balances, how many employers use the sick leave function, and the policies and procedures governing sick leave. Members discussed how unused sick leave affects retirement calculations, the distinction between the state’s financial responsibility and school districts’ responsibility, and whether the audit would also examine related leave categories such as personal leave, annual leave, and leave of absence. Committee members emphasized that Senate Bill 9 was intended to add accountability and standardize reporting, including preventing annual leave from being rolled into sick leave. Several members asked for clarification on how sick leave is factored into retirement benefits. Witnesses and members explained that, under the system described, accumulated sick leave can be converted into retirement credit based on a teacher’s daily rate and then multiplied by a percentage, with the school district often bearing the cost. Members also noted nuances in the law, including different accumulation limits by hire date and tier, and that the audit may help the public better understand why some educators retire relatively young. The auditor’s office said it is still early in the process, has met with TRS leadership, and will report back once the audit progresses. The committee also asked whether maternity leave would be included; the auditor’s office said it was not specifically mandated but could be examined if the body requests it. The committee then received an overview of Senate Bill 10 from KPA representatives Ryan Barrow and Rebecca Atkins. They explained that the bill enhances retiree health insurance benefits for certain CRS members who are non-Medicare participants and meet specified career thresholds, with different rules for hazardous and non-hazardous service. They described the benefit as $40 per month per year of service for non-hazardous service and $50 per month per year for hazardous service, both inflated annually, and clarified that these amounts are not cumulative with prior benefit formulas. Members asked about the interaction between the new amounts and existing benefits, and the presenters explained that the bill also changes current employee health insurance contribution rates effective July 1, 2026, with different impacts by tier and hazardous status. The committee discussed the need for clear communication to affected employees and reviewed example calculations showing how the new contribution structure would work.
HI
HI

Hawaii 2026 Regular Session

TRS Public Hearing 4-8-2021 3pm