Video & Transcript Research : 'deferred option plan'

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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:
  • And this is the retirement plan for EMTs and county sheriffs through OPERS.
  • So could you explain the drop-type plan a little bit?
  • So the deferred retirement option plan essentially says that when a member reaches retirement age, 20
  • Explain the benefits of this plan.
  • Back in the '90s, we went to a new drop plan and a forward drop plan for those people going forward.
OK

Oklahoma 2026 Regular Session

Government Oversight Feb 24th, 2026 at 10:30 am

Government Oversight

Transcript Highlights:
  • It adds the DROP plan to their pension system. It caps it at five years.
  • At that point, they have an irrevocable election to enter the DROP plan.
  • At that time, their pension benefit will go into the DROP plan if they choose that.
  • What you're proposing is a continuation of a benefit plan where I don't have to...
  • But that's all that the plan guarantees in there at this time.
TX

Texas 89th Regular

Corrections May 5th, 2025

Corrections

Transcript Highlights:
  • They have no option except to continue being trafficked.
  • It maintains the judiciary's role in reviewing budgets and strategic plans but shifts that review to
  • And do you think it's best for things to stay as they are, or do you see some other option that might
  • So when I meet with my judges, I discuss what their options are.
  • and discussing local needs and plans with the Board of Judges and key stakeholders.
Bills: SB663, SB958
LA

Louisiana 2026 Regular Session

Retirement May 5th, 2026

Retirement

Transcript Highlights:
  • For those here for HB 41 by Representative DeWitt, that bill is being deferred until next week.
  • So we're not currently planning for that.
  • If we could get a three-year option on this to see what happens. That is creating.
  • So at this time, I'll defer the bill at this time. The opposition is deferred.
  • So, this option. Thank you. Amendment 3038, I'll offer it up.
TX

Texas 89th Regular

S/C on Disease Prevention & Women's & Children's Health Mar 27th, 2025

S/C on Disease Prevention & Women's & Children's Health

Transcript Highlights:
  • The order that we are planning on going in will be HB1782, then HB2259, and then HCR56 with Harris Division
  • So that is what we're planning on doing. Vice Chair Busey agreed to go toward the end.
  • Health insurance here, so we have to find all these other options.
  • It reports on a statewide health plan and submits it to state leadership every six years.
  • included in the 2023-2028 health state plan.
FL

Florida 2026 Regular Session

Governmental Oversight and Accountability Jan 20th, 2026

Governmental Oversight and Accountability

Bills: S0774, S7028, S7024, S7026
Summary: The Committee on Governmental Oversight and Accountability met and first heard Senate Bill 774, which would extend workers’ compensation medical benefits for employment-related mental or nervous injuries to 911 public safety telecommunicators, even without a physical injury. The sponsor and several dispatchers, a clinician, and communications directors testified in support, describing repeated exposure to traumatic calls, chronic understaffing, and the need for mental health treatment and retention support. Senator DiCeglie and Chair Mayfield praised dispatchers’ work, and the bill was reported favorably by committee vote, with Senator McClain later recorded as voting yes on the bill. The committee then took up SPB 7028, a retirement bill that sets Florida Retirement System employer contribution rates beginning July 1, 2026, leaves the 3% employee contribution unchanged, allows certain elected officers to receive a DROP payout under specified conditions, and provides a 1.5% alternative cost-of-living adjustment for eligible special risk retirees. Firefighters, police, sheriffs, and chiefs’ groups spoke in support, emphasizing recruitment and retention. The committee voted to submit the proposal as a committee bill and reported it favorably. Finally, the committee considered SPB 7024 and SPB 7026, both open-government-related bills. SPB 7024 would repeal the current public records and public meeting exemption for cybersecurity information and consolidate agency-specific cybersecurity exemptions into one agency-wide exemption. SPB 7026 would repeal the current public records exemption for trade secrets held by an agency and similarly consolidate specific trade secret exemptions into one agency-wide exemption. Neither bill drew testimony or debate, and both were submitted as committee bills and reported favorably. The meeting then adjourned.
OK

Oklahoma 2026 Regular Session

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

Banking, Financial Services and Pensions

Transcript Highlights:
  • It addresses and enhances the: drop or the deferred retirement option plan that is available to public
  • It improves retirement outcomes by adding better planning tools, investment options, and clearer payout
  • pension and retirement plan in the state of Oklahoma and to come ask us to remove it?
  • I mean, so we're saying that retirement plans have no benefit.
  • This is for the DC retirement plan. Thank you for The question. Any other?
MN

Minnesota 2025-2026 Regular Session

State Committee Meeting - 2026-04-16

State Government Finance and Policy

Transcript Highlights:
  • And these changes have been reviewed and agreed to by the executive director of each pension plan.
  • And also there is to allow MMB to, instead of must, offer a high deductible plan in the insurance pools
Bills: HF4074
FL

Florida 2026 Regular Session

Appropriations Jan 14th, 2026

Appropriations

Transcript Highlights:
  • Members, Senate Bill 7010 is the Roth Contribution Plan deferred compensation program.
  • Federal tax law allows deferred compensation plans to offer both pre-tax contributions and post-tax Roth
  • Current state law limits the state and local administrative deferred compensation plans to only a pre-tax
  • governmental entities for local plans to allow post-tax contribution and their prospective deferred
  • compensation plan.
Bills: S7010
Summary: The Senate Committee on Appropriations met to take up SB 7010 by Senator Mayfield, which would authorize Roth post-tax contribution options in state and local deferred compensation plans. The bill was briefly explained, received one appearance in support, had no debate, and was reported favorably by roll call vote. The committee then heard a lengthy presentation from the Governor’s Office of Policy and Budget on the governor’s recommended $117.4 billion “Floridians’ First Budget.” The presentation highlighted major spending areas including education, health care, public safety, transportation, environmental restoration, and economic development. Key proposals included increased FEFP funding for K-12 schools, teacher salary funding, higher education support, Everglades and water quality funding, emergency preparedness reserves, corrections staffing and pay increases, law enforcement recruitment bonuses, cybersecurity, and affordable housing and infrastructure investments. Members asked extensive questions about property tax reserve planning, litigation funding, emergency response fund balances and expenditures, the use of federal reimbursement for the Everglades detention facilities, the animal abuse hotline, Hope Florida, corrections staffing, and the proposed reduction in ADAP eligibility for HIV/AIDS medication assistance. A member of the public also testified at length about concerns that the ADAP changes would harm access to life-saving medications and alleged improper shifting of program funds. Committee members and the presenter acknowledged follow-up questions on several items, but no additional votes or formal actions were taken beyond the favorable report on SB 7010 and adjournment.
OK
Transcript Highlights:
  • I had an amendment that I just... you got to love the Senate screwing up a good plan.
  • And they were also not allowed to participate in the plan B.
  • Which was removed in 2012 to help shore up pension plans.
  • You may defer to another chairman to answer that question.
  • Yes, it would be at their option. Seeing a new pass in a second. Will there be debate?
OK

Oklahoma 2026 Regular Session

Business and Insurance REVISED Feb 5th, 2026 at 09:30 am

Business and Insurance

Transcript Highlights:
  • understand what it's meant to address because it talks about that it limits contracts that between vision plan
  • that they can't, I guess, be required to provide a Service for a fee that's not set in the vision plan
  • I think they're using this plan to provide to their employees.
  • around the ability to Purchase eyeglasses in context, discounted rates that are passed through these plans
  • Is that will those discounts be preventing those discounts now through this plan to the employer that
AL

Alabama 2025 Regular Session

Alabama Senate Finance and Taxation General Fund Committee Mar 5th, 2025

Finance and Taxation General Fund

Transcript Highlights:
  • I believe we sat right in this room last year and I had suggested making it an optional program based
  • But you also have the option of whether you want to opt out of that system and not participate in this
  • We added to this bill to add the regional planning commissions because they're already there... because
  • There are 12 regional planning commissions throughout the state, as well as other agencies and collaborative
  • compensation plans.
Bills: HB52, HB89, HB141, HB52, HB89, HB141
ND

North Dakota 2025-2026 Regular Session

Senate Appropriations Apr 3rd, 2025 at 08:30 am

Appropriations

Transcript Highlights:
  • House Bill 1216, expenses for prescription drugs and relating to self-insurance health care plans.
  • And that was requested by PERS because of when their plan renews each year.
  • plan like a thousand... ...deductible plan.
  • Well, hopefully forever, but it also covers a small group outside of the PERS plan.
  • And it doesn't cover ERISA plans, is that correct? Okay.
Bills: SB2271, HB1216
Summary: The Appropriations Committee met with a quorum and took up three bills. House Bill 1216, dealing with prescription drug expense co-pay accumulators in health plans, was presented by Rep. Karen Carl’s, who explained it would prevent insurers from refusing to count third-party assistance toward deductibles for patients using high-cost, non-generic drugs. An amendment was offered to clarify effective dates, including a delayed January 1, 2026 start for PERS coverage. PERS testified that the amendment would align with its calendar-year benefit structure and likely reduce the fiscal note. The amendment was adopted 16-0, and the bill was set aside for further discussion later. House Bill 1199, creating a criminal justice data-sharing system and missing persons/missing Indigenous people task force, was introduced with a committee amendment changing the Attorney General reference to the Attorney General or designee. The committee noted the bill includes a $250,000 general fund appropriation for ongoing costs. The amendment passed 16-0, and the amended bill received a do pass recommendation by a 15-1 vote, with one no vote from Senator Magrum. House Bill 1531, appropriating $75,000 for an irrigation expansion study by the Agriculture Commissioner, was supported as a way to update older economic-impact studies on irrigation and assess opportunities for expansion. Members discussed its relationship to broader study pauses and the history of irrigation development in the state, including Garrison Diversion and remaining authorized acres. The bill passed 16-0. The committee then discussed scheduling for the coming week, noting a heavy bill load and plans for daily morning meetings before adjourning.
AL

Alabama 2025 Regular Session

Alabama Senate Finance and Taxation General Fund Committee Feb 19th, 2025

Finance and Taxation General Fund

Transcript Highlights:
  • Well, in the bill, it's both options, and there is a lot of discretion... options, and a lot of discretion
  • Companies with 500 employees ought to set up their own plan. You know, I would prefer to... plan.
  • There's plenty of private sector options out there for anybody who... sector options out there for anybody
  • who wants to set up a retirement plan.
  • It doesn't mean a Deferred Compensation Plan, that's just a pretty broad term.
TX
Transcript Highlights:
  • Realtors shall not be parties to any plan or agreement to discriminate against a person based off of
  • Shall we recommend that one just to have the option, or do you want to take that one to the floor, Senator
  • And third, we broaden staffing. options.
  • Fifth, on discharge plans Every person released now receives a formal referral to outpatient or community-based
  • has ever come from trying to do what this bill even claims to do, even with an opt-in or opt-out option
TX
Transcript Highlights:
  • Senate Bill 2633 provides the ability to hold a local option election within designated zones to regulate
  • city to adopt zoning and land-use regulations for alcohol-selling businesses, ensuring thoughtful planning
  • We had a local option petition about 25 years ago, which allowed mixed beverage sales in restaurants,
  • require TEC to develop rules requiring agency, staff, and the Respondent to agree to a discovery control plan