Video & Transcript Research : 'Teachers Retirement System'

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LA

Louisiana 2026 Regular Session

Retirement May 5th, 2026

Retirement

Transcript Highlights:
  • House Bill 42 provides relative to the phased retirement program within the Teacher Retirement System
  • Retirement System.
  • Or a certified teacher of any stripe. It might not be a retired teacher.
  • Well, she's still paying into the retirement system, where he's still paying into the retirement system
  • Employees Retirement System.
OK

Oklahoma 2026 Regular Session

Banking, Financial Services and Pensions REVISED: HB1182 - Removed Feb 17th, 2026 at 03:00 pm

Banking, Financial Services and Pensions

Transcript Highlights:
  • House Bill 4263 would allow a retired member of the Teacher's Retirement System of Oklahoma who becomes
  • This bill affects the Oklahoma law enforcement employer retirement system.
  • House Bill 2193 is a COLA for state retirement systems.
  • House Bill 2193 is a COLA for state retirement systems.
  • Yeah, the PCS just simply states that with the Oklahoma Teachers Retirement System, the assumed rate
KY
Transcript Highlights:
  • Next up, Bo Barnes, Deputy Executive Secretary and General Counsel for Teachers Retirement System.
  • Retirement System.
  • Retirement System.
  • Uh, first, it amends not a Teachers' Retirement System statute, but a Department of Education statute
  • Uh, first, it amends not a Teachers' Retirement System statute, but a Department of Education statute
Summary: The meeting opened with the Pledge of Allegiance and prayer, followed by a roll call confirming a quorum and approval of the prior minutes. A special guest, Dave Eager, was welcomed before the committee moved to presentations from retirement system officials. Bo Craycraft, executive director of the Judicial Form Retirement System, gave a quarterly update on investment performance, asset allocation, and cash flow. He said the plans had held up well amid market volatility, with fiscal year-to-date returns above benchmark and long-term returns remaining strong. He explained that the plans are targeted to a 70% equity/30% fixed-income allocation, that some cash is being held for cash-flow management, and that negative cash flow is expected because of funding and contribution levels. He also said Senate Bill 183, dealing with proxy voting and economic analysis for certain votes, was not expected to materially affect the plans because of their small number of holdings and Bear Trust’s long-term investment approach. Ryan Barrow and Erin Surrod then presented for the Kentucky Pension Authority. They reported positive quarterly performance across the retirement and insurance funds, though results varied by period and remained tied to broader market conditions. They said recent asset-allocation changes had been completed and the funds were now within target ranges. On cash flow, they noted some plans remained negative or near zero, with one plan benefiting from a large appropriation. In the legislative update, they described House Bill 30 as codifying an exclusion from pension-spiking calculations for across-the-board raises, and Senate Bill 10 as increasing retiree health insurance subsidies and changing employee health insurance contribution rules for certain CERS members beginning in 2026. They also said Senate Bill 183 would likely have limited impact, though the agency would review voting policies and incorporate any required economic-analysis procedures.
KY
Transcript Highlights:
  • Retirement System.
  • general counsel for the teachers general counsel for the teachers retirement<00:27:16.960> system
  • > returning that retired teacher is returning that retired teacher is returning full-time<00:31
  • their retirement voided by that retirement system.
  • <00:41:38.640> system they'll have their retirement system they'll have their retirement system
Summary: The meeting began with quorum, approval of the prior minutes, and an announcement that the June meeting had been canceled and replaced by this combined May/June meeting; the next official PPOB meeting was announced for July 21 at 2:30. Staff then gave an overview of the Public Pension Oversight Board’s required actuarial audit process, explaining that House Bill 238 requires a review every five years of the retirement systems’ actuarial assumptions and methods, funded by the systems themselves. The presentation distinguished this audit from a financial or forensic audit, described the three possible audit levels (full replication, limited/spot review, or basic review), and noted that the last audit in 2021 was a level one performed by Milleman Consulting at a cost of about $190,000. Members discussed timing for the next audit cycle, with a request to LRC likely needed in July or August to target the June 30, 2026 valuation, and several members expressed interest in another level one review. Questions also addressed whether prior audits found major issues; staff said the 2021 review was generally clean but recommended more consistency in reporting and assumptions across systems. The committee then welcomed new staff and interns, including Odet Guanzi of KPPPA and Team Kentucky intern Amamira Bowman. Bo Barnes of the Teachers Retirement System presented an overview of the statutory framework for reemployment after retirement under KRS 161.605. He explained that the law is intended to let retirees return to help with staffing needs, do so in an actuarially sound way through required contributions, and keep TRS compliant with federal tax rules for a qualified plan under section 401(a). Barnes described the required breaks in service and earnings limits for retirees returning part-time or full-time, including the three-month or 12-month break depending on the employer, the 6,900-day limit, and the daily wage threshold based on years of service. He also noted a lightly used critical shortage program that allows school districts to hire retirees without a wage cap, while still observing the break-in-service rules. Members asked questions about who decides the scope and level of the actuarial audit, how the audit would treat leave balances and other benefit-related items, and whether the prior level one audit identified substantial problems. Staff said the committee would request the audit, but LRC would handle contracting, and that the audit scope could include items like sick leave and annual leave costs if requested. On the reemployment topic, Barnes emphasized that the rules are designed to avoid pre-arranged retire-and-return arrangements that could jeopardize TRS’s tax-qualified status. No formal votes were taken beyond approving the minutes, and the meeting concluded with the presentations and discussion of these pension oversight issues.
OK

Oklahoma 2026 Regular Session

Retirement and Government Resources Feb 10th, 2026 at 10:30 am

Retirement and Government Resources

Transcript Highlights:
  • retiring.
  • The number of teachers that retire and get out of our system completely.
  • Would it be possible for these retired teachers coming back into the classroom to operate as reading
  • So, there are six of these systems.
  • There, keep in mind as well, teacher retirement right now we are supplementing that fund to the tune
OK

Oklahoma 2026 Regular Session

Retirement and Government Resources REVISED Feb 17th, 2026 at 10:30 am

Retirement and Government Resources

Transcript Highlights:
  • System Hazardous Duty Retirement Plan.
  • into that system here in the police retirement system.
  • I know the retirement systems are set normally at 7 and 7.5% annual returns and...
  • And the teacher TrS system just reached 80%.
  • So you're looking at only about 900 to 1,200 teachers. We've got a $25 billion pension system.
LA

Louisiana 2026 Regular Session

Retirement May 11th, 2026

Retirement

Transcript Highlights:
  • HB 41, by Representative Vuit, provides relative to board membership of the firefighter retirement system
  • Basically, I've had some members of the fire department who are part of the retirement system, with the
  • Professional Firefighters' Retirement System.
  • Currently, they do not have a voice at all on what goes on with the retirement system.
  • I'm the General Counsel for the Firefighters Retirement System. Okay. And I'm talking about costs.
Bills: HB41
AL

Alabama 2026 1st Special Session

Alabama House Ways and Means Education Committee Jan 20th, 2026

Ways and Means Education

Transcript Highlights:
  • if you retire for 12 months, this apply. if you retire for 12 months, this apply.
  • system at the same time.
  • So when they come back to work as a retired person, they're not in a retirement system any further.
  • When they come back to work as a retired person, they're not in a retirement system any further. >> Uh
  • the system.
TX

Texas 89th Regular

Pensions, Investments & Financial Services Apr 23rd, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • Right now, the state's contribution to the teacher retirement system happens outside the foundation.
  • retirement system for the foreseeable future.
  • I'm the Executive Director of the Texas Retired Teachers Association.
  • retirement system exists.
  • House Bill 4029 changes this by providing a supplemental retirement pathway with in the teacher retirement
TX

Texas 89th Regular

Pensions, Investments & Financial Services Apr 23rd, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • from the Employees Retirement System of Texas.
  • Retirement System.
  • Public charter schools are public schools, and as such, they participate in the Teacher Retirement System
  • Retirement System?
  • The stability of the Teacher Retirement System. That is correct, by about $13 million. Thank you.
OK
Transcript Highlights:
  • Members, this bill requires our retirement systems to cast votes in line with their fiduciary duties,
  • A lot of Retirement systems.
  • system.
  • system.
  • I only had one question: do they have the option of doing it like the teacher retirement system if they're
MN

Minnesota 2025-2026 Regular Session

House Ways and Means Committee 5/18/25

Ways and Means

Transcript Highlights:
  • Paul teachers.
  • <00:03:08.400> of especially with the the teachers of especially with the the teachers of
  • Paul teachers. We oftentimes do want St. Paul teachers.
  • <00:05:36.240> that that um the rest of the teachers that that um the rest of the teachers
  • the section that is titled the teachers the section that is titled the teachers retirement<00:10
Bills: SF2884, HF1889
AZ

Arizona 2026 Regular Session

02/04/2026 - House Ways & Means

Ways & Means

Transcript Highlights:
  • Arizona State Retirement System. Thank you. Any questions for the bill sponsor? Seeing none, Mr.
  • For the record, Jessica Thomas, legislative liaison for the Arizona State Retirement System.
  • Again, for the record, Jessica Thomas, legislative liaison for the Arizona State Retirement System.
  • House Bill 2092 allows a person to waive participation in the Arizona State Retirement System after age
  • For the last time, Jessica Thomas, legislative liaison for the Arizona State Retirement System.
Summary: The committee first heard House Bill 2785, a tax conformity measure that would update Arizona statutes to conform to the Internal Revenue Code as of January 1, 2026, including retroactive provisions for tax year 2025. The sponsor and supporters said the bill would align state law with tax forms already issued by the Department of Revenue, provide certainty to filers, and deliver about $440 million in tax relief through provisions such as no tax on tips and overtime, a larger standard deduction, and a $6,000 senior deduction. Opponents argued the bill would significantly reduce state revenue, disproportionately benefit higher-income taxpayers, and should be considered alongside a broader budget plan. After debate and an amendment addressing retroactivity and foreign dividends, the committee approved HB 2785 on a 5-4 vote. The committee then took up several Arizona State Retirement System and education savings bills. HB 2089 clarified the health insurance premium benefit subsidy for retirees and passed unanimously. HB 2090 changed the disability determination period for long-term disability benefits from 24 months within a five-year period to a straight 24-month period and passed 8-1. HB 2092 allowed employees over age 65 to waive ARS participation within 30 days of becoming eligible and also passed 8-1. HB 2477 conformed Arizona’s 529 education savings plan to federal law, including expanded uses and a permanent rollover to ABLE accounts and Roth IRAs; testimony supported the cleanup and simplification, but some members raised concerns about the Roth rollover and possible use of transferred ESA funds. HB 2477 passed 5-3 with one present vote, and the committee then adjourned.
TX

Texas 89th Regular

Pensions, Investments & Financial Services Apr 28th, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • It applies to participants in the employee's retirement system, the teacher retirement system, and the
  • We see you registered as Blaze Durand on behalf of the Employees Retirement System of Texas, and you
  • ...the funds that go into the retirement system? Representative, no, sir.
  • system.
  • system.
OK

Oklahoma 2026 Regular Session

Banking, Financial Services and Pensions Feb 10th, 2026 at 03:00 pm

Banking, Financial Services and Pensions

Transcript Highlights:
  • House Bill 3313 has morphed into a fairly large retirement bill.
  • I mean, so we're saying that retirement plans have no benefit.
  • When they hit retirement age, oh, I'm perfect.
  • Retirement best practices get you around 12% of retirement contribution.
  • This is for the DC retirement plan. Thank you for The question. Any other?
AZ

Arizona 2026 Regular Session

03/25/2026 - House Ways & Means

Ways & Means

Transcript Highlights:
  • Senate Bill 1042 allows members of the state treasurer or a state retirement system to invest in virtual
  • Chairman, members, Senate Concurrent Resolution 1033 encourages the Arizona State Retirement System and
  • the Public Safety Personnel Retirement System to monitor digital asset exchange-traded funds and make
  • System,' and then includes the one, two, and three paragraphs.
  • I think that the legislature, with this bill, will be making clear that it wants retirement systems to
Summary: The House Ways and Means Committee considered a series of Senate bills and one concurrent resolution, with several measures involving virtual currency, county tax liens, tax conformity, and retirement system investments. The chair announced that Senate Bill 1503 would be held at the sponsor’s request and noted this was likely the committee’s last meeting of the session. The committee also heard testimony on Senate Bill 1042, which would allow state treasurer and retirement system funds to invest up to 10% in virtual currency holdings, and Senate Bill 1043, which would allow state agencies to accept virtual currency payments through agreements with providers. Members raised concerns about volatility and government involvement, but both bills were described as permissive rather than mandatory and were returned with due pass recommendations by 5-3 votes. The committee then took up Senate Bill 1067, dealing with county cleanup assessments for blighted properties in unincorporated areas. Chairman Olson offered an amendment removing the bill’s property-tax-bill mechanism and instead preserving county liens so cleanup costs could survive a tax lien sale. County representatives and the County Supervisors Association supported the amended approach as a way to recover costs and make counties whole. The amendment was adopted unanimously, and the bill as amended passed 8-0. Senate Bill 1292, clarifying that the Public Safety Personnel Retirement System’s 5% voting-stock cap applies to publicly traded corporations, also passed with broad support after testimony from PSPRS. Two tax-administration bills prompted extended debate. Senate Bill 1180 would direct the Department of Revenue to prepare tax forms based on conformity to the Internal Revenue Code unless the legislature enacts nonconformity; Chairman Olson’s amendment limited the presumption to provisions that reduce federal adjusted gross income or taxable income, reflecting concerns about automatic tax increases. The sponsor said the bill was meant to clarify legislative intent and prevent executive overreach, while several members said the amended version was materially different from the original. The amendment and the bill as amended both passed 5-3. Senate Bill 1221 would require DOR to notify the House Ways and Means and Senate Finance chairs before adopting new interpretations or applications of tax law that adversely affect taxpayers and to testify if hearings are held; an intent amendment was adopted, and the bill passed 5-3 amid debate over the meaning of “adversely.” Finally, Senate Concurrent Resolution 1033, which encourages the Arizona State Retirement System and PSPRS to monitor digital asset exchange-traded funds and report on feasibility, risks, and benefits before the next session, was approved 5-3. Some members objected to the use of “encourage” and to the underlying cryptocurrency policy, while supporters said the resolution simply sought information and did not mandate investment. The committee then adjourned.
KY

Kentucky 2026 Regular Session

House Legislative Session Day 59 (4-14-26) - Part 1

Kentucky House Floor Meeting

Transcript Highlights:
  • Medicaid system. Medicaid system.
  • This is in our justice system matters.
  • c><01:14:14.719> common systems when our system of common systems when our system of common schools
  • teacher staff, teacher pay, staff pay. teacher staff, teacher pay, staff pay.
  • down by the court system. Thank you, Mr. down by the court system. Thank you, Mr. Speaker.