Video & Transcript Research : 'defined contribution plan'

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MN

Minnesota 2025-2026 Regular Session

House Ways and Means Committee 5/18/25

Ways and Means

Transcript Highlights:
  • was an agreement that Education Minnesota and that the rest of the teachers that would be in that plan
  • that would<00:05:36.639> be<00:05:36.800> in<00:05:37.120> that<00:05:37.440> plan
  • would be given the would be in that plan would be given the other<00:05:39.919> $40<00:05:40.160
  • sounds like there's considerable and justifiable concern about some of the people involved in the PRA plan
  • sounds like there's considerable and justifiable concern about some of the people involved in the PRA plan
Bills: SF2884, HF1889
AZ

Arizona 2026 Regular Session

03/23/2026 - House Public Safety & Law Enforcement

Public Safety & Law Enforcement

Transcript Highlights:
  • incentive payment to a participating employee's defined contribution plan account.
  • payment to a participating employee's defined contribution plan account.
  • Tier 3 corp members are those individuals hired after 2017 and have a defined contribution plan.
  • Chair, sir, why would it cost more for employees to be able to change their election to a defined contribution
  • Chair, sir, why would it cost more for employees to be able to change their election to a defined contribution
Summary: The committee first heard SB 1161, which would prevent lapse of a $750,000 FY2026 appropriation to DPS for the Yuma County Family Advocacy Center (Amberly’s Place). Testimony described the center’s 24/7 crisis response, forensic interview and medical services, and satellite offices in nearby communities. The bill was moved and received a do pass recommendation on an 11-0 roll call, with three members absent. The committee then considered SB 1215, a clarifying bill on the list of cancers covered by the occupational disease presumption for firefighters and peace officers, with a retroactivity amendment to June 30, 2021. Firefighters’ representatives said the measure corrects a drafting issue involving adenocarcinoma and would prevent denials of claims; members asked about peace officer coverage, independent medical exams, and workers’ compensation impacts. The amendment was adopted and the bill received a do pass recommendation, with 11 ayes, one present, and two absent. SB 1270, dealing with supplemental employer contributions to defined contribution accounts for corrections employees, drew testimony focused on severe retention problems in corrections and county detention. Supporters said the bill would allow optional incentive payments at service intervals to help keep trained officers on the job; members discussed vesting, recruitment versus retention, and whether the program could be funded without a new appropriation. The committee adopted the amendment and gave the bill a do pass recommendation, with ten ayes, one nay, two present, and one absent. The committee also heard SB 1400, authorizing law enforcement wellness and crisis response programs and setting confidentiality rules. Police association testimony supported the concept but noted concerns about the breadth of the privilege carve-outs, especially if licensed therapists are involved; several members said they would support the bill after an amendment clarifying privilege protections. The bill was reported do pass with ten ayes, one nay, and two present. SB 1538, as a strike-everything amendment, would require workers’ compensation coverage for PTSD treatment for firefighters and peace officers and allow one MDMA treatment course if federal approval and rescheduling occur by January 1, 2029. Supporters described promising clinical trial results and argued it could help severe PTSD cases, while county representatives opposed the mandate and raised cost and approval concerns. The amendment was adopted and the bill received a do pass recommendation, with seven ayes, three nays, and one present. Finally, the committee considered SB 1537, renaming the peace officer training equipment fund as the public safety de-escalation and life safety fund and repealing its advisory commission. Testimony explained the change was meant to reduce confusion between similar funds and reflect the fund’s use for de-escalation and safety equipment; some members noted opposition from the Arizona Police Association and concerns about whether the money might be better used for raises. The bill passed on a 7-4 vote with three absent. The committee then began SB 1580, which would appropriate Peace Officer Training Equipment Fund money for fire incident management support and other public safety equipment, including pepperball equipment, simulators, records management software, and retention/recruitment efforts. Testimony supported the equipment and data-sharing investments, but members also questioned accountability, ongoing costs, and whether the listed uses were the best use of the fund.
AZ

Arizona 2026 Regular Session

02/02/2026 - Senate Finance

Finance

Transcript Highlights:
  • supplemental contribution incentive payments to Tier 3 CORP members who participate in the defined contribution
  • plan as opposed to a defined benefit plan.
  • supplemental contribution incentive payments to Tier 3 Corp members who participate in the defined contribution
  • contribution plan as opposed to a defined benefit plan.
  • contribution. the option to add to the defined contribution account for groups of employees from time
Summary: The Senate Finance Committee approved the January 26, 2026 minutes and then heard several bills dealing with tax, retirement, and property assessment issues. SB 1215, as amended, was described as a technical “comma bill” that reorganizes the list of firefighter cancer conditions presumed work-related and removes mistakenly included peace officer language; it passed 6-1. SB 1180 would codify Arizona Department of Revenue’s practice of assuming federal conformity for above-the-line income tax items when preparing forms, with supplemental instructions if the legislature later acts differently; it passed 7-0 after discussion about whether it would affect executive-ordered changes. SCR 1028, a voter-referral measure to narrow the statutory exception allowing agencies to set certain fees and assessments without a two-thirds vote, drew sharp debate over majority rule versus limits on delegated fee authority and passed 4-3. The committee also advanced SB 1292, which clarifies that the Public Safety Personnel Retirement System’s 5% ownership cap applies only to publicly traded corporations; PSPRS said the change would avoid compliance problems and unnecessary costs, and it passed 7-0. SB 1294, restoring county assessors’ authority to prorate property values for property destroyed in any manner while preserving a five-year classification benefit only for property destroyed by verifiable accident, passed 6-1. SB 1430, the annual tax corrections act, passed unanimously after DOR said it mainly removes redundant language, fixes a cross-reference, and codifies current practice. The committee then considered SB 1270, which would let CORP employers make optional supplemental retirement contributions of up to $5,000 to Tier 3 correctional officers and related employees at specified service intervals. Supporters from the FOP said it is a flexible retention tool for hard-to-staff correctional jobs, while some members worried it could add costs for counties and not solve the underlying retention problem; it passed 6-1. Finally, SB 1290, which requires advance notice and inspection reports for certain property inspections and bars repeat agricultural inspections for three years, drew strong support from farm groups and strong opposition from county assessors, who argued it would create costs, limit their ability to verify new construction, and interfere with annual valuation duties. The bill passed 4-2 with one member not voting, and the committee adjourned.
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?
  • Explain the benefits of this plan.
  • That you wouldn't contribute or receive benefits for salary over $90,000.
  • 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

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

Banking, Financial Services and Pensions

Transcript Highlights:
  • It has moved into more: The goal is to strengthen Oklahoma's defined contribution and retirement plan
  • I mean, so we're saying that retirement plans have no benefit.
  • Contribution model. How does this compare with the amount?
  • There's no changes in who is going under the defined contribution. Thank you for the question.
  • No, I mean it, it so if you're in the defined contribution plan right now, then my understanding, my
MN

Minnesota 2025-2026 Regular Session

House Human Services Finance and Policy Committee 4/1/25

Human Services Finance and Policy

Transcript Highlights:
  • While this contract does not create a retirement plan, it lays the foundation for a defined contribution
  • It invests $350,000 to create a joint state-union body that would be the vehicle for a defined contribution
  • > a<00:05:04.720> defined<00:05:05.199> contribution foundation for a defined contribution
  • foundation for a defined contribution retirement<00:05:06.560> program<00:05:07.520> it
  • <00:30:23.600> is coverage through the health plans is coverage through the health plans is
MN

Minnesota 2025-2026 Regular Session

House Higher Education Finance and Policy Committee 3/17/26

Higher Education Finance and Policy

Transcript Highlights:
  • calculated contribution is below zero. calculated contribution is below zero.
  • <00:05:06.000> is uh family's calculated contribution is uh family's calculated contribution
  • <00:05:12.880> In family's expected contribution. In family's expected contribution.
  • a student or their family can contribute a student or their family can contribute towards<00:05:
  • , even with the this new investment plan, even with the this new investment plan, the<00:41:27.920
Bills: HF4266
MN

Minnesota 2025-2026 Regular Session

State Committee Meeting - 2026-04-16

State Government Finance and Policy

Transcript Highlights:
  • As a result of over the last 5 years, investment returns have contributed an additional 3.64 billion
  • investment over the last 5 years, investment returns<00:04:34.320> have<00:04:34.480> contributed
  • have contributed an additional 3.64<00:04:36.800> billion<00:04:37.880> um<00:04:38.520
  • 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
TX

Texas 89th Regular

Administration May 12th, 2025

Administration

Transcript Highlights:
  • Given Corrigan's historical significance, economic contribution, and forward-looking stewardship of Texas
Bills: HCR7
Summary: The Senate Committee on Administration met with six members present and took up several commemorative and code-revision measures, along with one hospice/palliative care resolution. Senator Hall presented HB 2703, designating July as American Patriotism Month, and HCR 7, designating September 29 as Veterans of Foreign Wars of the United States Day; both drew no public testimony and were reported favorably. Senator Kolkhorst presented HB 1615, a non-substantive Texas Legislative Council recodification bill relating to water and wastewater special districts, which was also reported favorably. Senator Parker presented HCR 86 recognizing Denton’s “31 Days of Denton Halloween,” and Senator Johnson presented HB 1620, another non-substantive code update; both were left pending at first and later reported favorably. Senator Johnson also presented SB 644, creating Hospice and Palliative Care Day on the second Saturday in October, which was left pending and later reported favorably. The committee also heard HCR 75, HCR 93, HCR 126, and HCR 92. HCR 75 concerned a local designation tied to marina/guide services and was left pending initially, then later reported favorably. HCR 93 would renew Nacogdoches as the Garden Capital of Texas, HCR 126 would designate Corrigan as the Timber Products Capital of Texas, and HCR 92 would designate the fourth Thursday in March as Tuskegee Airmen Commemoration Day; all were heard without public opposition and later reported favorably. Several members emphasized the historical, cultural, or economic significance of the local designations, while the code-update bills were described as non-substantive recodifications prepared by the Texas Legislative Council. After taking up pending business, the committee voted to report the measures favorably, with most also recommended for the May 14, 2025 local and uncontested calendar. The committee certified the local and uncontested calendar list for that date, with some items removed because they had already passed earlier in the day or had other issues. The meeting concluded with a motion to recess.
TX

Texas 89th 2nd C.S.

S/C on Defense & Veterans' Affairs Apr 7th, 2025

S/C on Defense & Veterans' Affairs

Transcript Highlights:
  • So disabled veterans, these, and, and these are all defined by who has gone forward and gotten the actual
  • Uh, despite its establishment, Texas state laws do not explicitly include Space Force when defining the
  • Growing up, my brother and I shared countless memories that really have defined who I am today.
  • House Bill 2426 would create a game plan so the legislature can ensure we are capitalizing on our resources
  • Uh, but when you say The government, you don't define it as the federal government.
Bills: HCR7
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.
  • It makes key improvements to our existing defined contribution retirement plan structure.
  • Minimum contribution rate from 4.5 to 5% and the employer match from 6 to 7%.
MN

Minnesota 2025-2026 Regular Session

House State Government Finance and Policy Committee 2/26/26

State Government Finance and Policy

Transcript Highlights:
  • Ours, the EGP plan, would be done through an LMC. Would you like to define that for the public?
  • It would become a multi-employer plan, just a different type of health plan.
  • It would become a multi-employer plan, just a different type of health plan.
  • It would become a multi-employer plan, just a different type of health plan.
  • having a Cadillac plan. having a Cadillac plan.
Bills: HF3422, HF3461, HF2904
AZ

Arizona 2026 Regular Session

03/25/2026 - House Ways & Means

Ways & Means

Transcript Highlights:
  • The sponsor's request is that we hold that bill, so that is the plan with regard to that.
  • So last night at my village planning committee, we had a presentation from the City of Phoenix, and they
  • conformity as I described previously, defining the Internal Revenue Code for the tax year, and we've
  • Is it defined? Mr. Chairman, Mr. Livingston, the bill does not define that. Okay, thank you.
  • The word adversely, or how are we defining that?
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.
ND

North Dakota 2025-2026 Regular Session

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

Appropriations

Transcript Highlights:
  • 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.
  • So local private firms will contribute the rest of the money for the study.
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.
TX

Texas 89th Regular

Pensions, Investments & Financial Services Mar 31st, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • lays out as pending business House Bill 618, by Representative... ...which relates to health benefit plan
  • It's locally managed, funded by member and city contributions, and operates independently of the state
  • It simplifies retirement contributions by allowing retirees to pay the Fund directly rather than through
  • for financial planning.
  • We must do something to help our law enforcement by clearly defining this new and growing crime.
MN

Minnesota 2025-2026 Regular Session

Hied Committee Meeting - 2026-03-26

Higher Education Finance and Policy

Transcript Highlights:
  • that exactly means and how it's defined. that exactly means and how it's defined.
  • <00:09:48.120> student I would hesitate to define student I would hesitate to define student
  • <00:14:52.640> unlawfully talk about how we define unlawfully talk about how we define unlawfully
  • No, I OHE defines unlawfully present.
  • family that couldn't contribute family that couldn't contribute anything,<00:23:58.040> and
TX
Transcript Highlights:
  • This will be funded through voluntary public donations, with individuals given the option to contribute
  • It simplifies the post-retirement contributions by allowing retirees to pay the fund directly rather
  • It also allows retirees the option to pay their remaining contributions as a one-time lump sum. adding
  • flexibility for their financial planning.
  • And so that was kind of the defining point into what is now a very hyper-accelerated gold market, way
FL

Florida 2026 Regular Session

Commerce and Tourism Jan 28th, 2026

Commerce and Tourism

Transcript Highlights:
  • Over the years, we've observed a growing trend where donors contribute funds to nonprofit endowments
  • tax credit, authorizes certain employers to claim 100% of a tax credit for specified monetary contributions
  • Through both research and direct community engagement, I have examined the factors that contribute to
  • Strengthening protections for temporary workers supports economic mobility, reduces recidivism, and contributes
  • Strengthening protections for temporary workers supports economic mobility, reduces recidivism, and contributes
Summary: The Committee on Commerce and Tourism considered several bills. SB 1338 by Senator Burton would strengthen enforcement of written endowment agreements for charitable gifts and require legislative approval for new filing or reporting requirements on charities. The sponsor and Philanthropy Roundtable testified in support, emphasizing donor intent and protections for nonprofits; the bill was reported favorably. SB 1324, which was expected to address principal offices of LLCs, was temporarily postponed. The committee also passed CS/SB 1080 by Senator DeSigley, which directs FDOT to adopt rules allowing direct payments to first-tier subcontractors in specified circumstances. A transportation industry representative supported the measure, saying the situations are rare but need a statutory remedy. CS/SB 1582 by Senator Yarbrough, as amended, requires secondhand dealers, secondary metal recyclers, and pawnbrokers to submit transaction data to FDLE for statewide sharing through systems such as LInX; the amendment and bill were both reported favorably, with one witness from the Florida Recycler’s Association opposing the amendment. Senator McLean’s SB 1672, creating a home buyer workforce tax credit for employer contributions to help employees with first-time Florida home purchases, was reported favorably with support from the Florida Chamber of Commerce. SB 1112 by Senator Garcia, relating to the Florida Labor Pool Act, drew extensive testimony from workers, reentry advocates, and supporters who argued it would prohibit placement fees when workers are hired permanently, require annual registration of labor pools, improve accountability, and support stable employment and reentry; the bill was reported favorably. The committee then adjourned after recording votes and other closing business.
MN

Minnesota 2025-2026 Regular Session

House Commerce Finance and Policy Committee 3/4/25

Commerce Finance and Policy

Transcript Highlights:
  • another insurance plan.
  • five I I say different competing plans five I I say different competing plans that<00:13:51.480>
  • under this plan?
  • <00:46:59.520> contribution<00:46:59.960> arrangements<00:47:00.440> to defined
  • contribution arrangements to defined contribution arrangements to help<00:47:00.760> their<00:
Bills: HF837