Video & Transcript Research : 'actuarial studies'

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TX

Texas 89th 2nd C.S.

S/C on Academic & Career-Oriented Education Mar 5th, 2025

S/C on Academic & Career-Oriented Education

Transcript Highlights:
  • with the opportunity to earn weighted funding and placing JROTC courses within the tiered program of study
  • So that would be determined based on, um, the level of the course in that program of study.
  • So, um, as you know, a program of study has a Level 1, Level 2, Level 3, Level 4.
  • we would anticipate that each one of those would align with one of those levels in the program of study
  • Uh, the committee substitute, uh, does, uh, did, um, uh, broaden the, the, the programs of study lists
Bills: HB20, HB120
TX

Texas 89th Regular

S/C on Academic & Career-Oriented Education Mar 5th, 2025

S/C on Academic & Career-Oriented Education

Transcript Highlights:
  • opportunity to earn weighted funding and placing JROTC courses within the tiered program. program of study
  • There's been a lot of overlap between the recommendations from this report after we extensively studied
  • So that would be determined based on the level of of the course in that program of study.
  • So as you know, a program of study has a level one, level two. level three, level four.
  • The committee substitute does, did, broadened the programs of study list.
Bills: HB20, HB 120, HB20, HB120
TX

Texas 89th Regular

Pensions, Investments & Financial Services Apr 23rd, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • This bill is not about reducing benefits at all; it's a study.
  • In terms of this issue, before we do anything on it, we should have a study on it.
  • Would it be OK if I had our staff actuary come up and answer that?
  • Because I'm not the actuary, I don't have the technical pension expertise.
  • We did a study with TRS, and it showed the cost of doing either a 20 or 25-year retirement.
TX

Texas 89th Regular

Pensions, Investments & Financial Services Apr 23rd, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • I want to put in context, though, we have put significant resources into ERS to improve the actuarial
  • Unfortunately, since the fund became actuarially unsound during that period, all retirees were not able
  • valuation, which pointed out that the fund is actuarially sound.
  • We're actuarially sound, and actually, because of the funding that the legislature has provided for in
  • The actuarial cost is reported by TRS to be $806 million, and their reported actuarial cost, of course
KY
Transcript Highlights:
  • Um, these are the full actuarial studies. Aaron and I have looked through every page of these.
  • Um, these are the full actuarial Um, these are the full actuarial studies.<00:12:22.880> Aaron
  • But the actuary also recommended in that experience study that for a budgeting purpose, TRS use a common
  • actuarial practice called direct rate smoothing. study they recommended study they recommended that<
  • The actuary just concluded a two-year economic assumption study and made no recommended changes.
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.
NV
Transcript Highlights:
  • So Assembly Bill 328 originally started off as a commission study into the idea of looking back into
  • It'll be a subcommittee that studies in the interim.
  • way that Assembly Member DeSilva's bill moved was that he would be one of the studies.
  • It is only to study, find truth, find, you know, Policy proposals.
  • It is only to study, find truth, you know, create new pools of data and research.
Bills: AB328, AB397
KY

Kentucky 2026 Regular Session

Interim Joint Committee on Education (6-2-26)

Education

Transcript Highlights:
  • <01:08:39.600> Kentucky cast for social studies Kentucky cast for social studies Kentucky
  • In alignment, the CAS for social studies In alignment, the CAS for social studies was<01:09:24.400
  • :09:31.040> AP<01:09:31.759> was studies advisory panel or AP was studies advisory panel
  • <01:09:47.759> RC<01:09:48.560> was studies review committee or RC was studies review committee
  • in the disciplines of social studies. in the disciplines of social studies.
WY

Wyoming 2026 Regular Session

Senate Agriculture, State and Public Lands & Water Resources Committee, February 24, 2026

Agriculture, State and Public Lands & Water Resources

Transcript Highlights:
  • those and then we consider these studies those and then we consider these studies along<01:08:27.199
  • Again, level one studies.
  • At the bottom of page planning studies.
  • At the bottom of that page, we studies.
  • <01:14:12.000> to and our feasibility studies to and our feasibility studies to understand
WY

Wyoming 2026 Regular Session

House Agriculture, State and Public Lands & Water Resources Committee, February 24, 2026

Agriculture, State and Public Lands & Water Resources

Transcript Highlights:
  • their own planning studies if they are up to our same standards.
  • That's a study that will be conducted over at the university.
  • So, is that part of the study?
  • So, is that part of the study?
  • study? Go ahead, chairman through you. study? Go ahead, chairman through you.
MN

Minnesota 2025 1st Special Session

House State Government Finance and Policy Committee 3/25/25

State Government Finance and Policy

Transcript Highlights:
  • We're doing the joint legislative studies governing bill. Sorry.
  • And the best guess of those who study this, which does not include me, by the way, is when you have disruptions
  • guess<01:21:04.400> of<01:21:04.640> those<01:21:04.800> who<01:21:05.040> study
  • <01:21:05.360> this, the best guess of those who study this, the best guess of those who study
MN

Minnesota 2025 1st Special Session

House Ways and Means Committee 3/3/25 - Part 2

Ways and Means

Transcript Highlights:
  • They changed that all of a sudden and went to an actuarial study, so it depends on the version of the
  • different ways of costing out the bill, including a microsimulation process in 2022 and then an actuarial
  • study.
  • He said they changed that all of a sudden and went to an actuarial study, so it depends on the version
Bills: HF11