Video & Transcript Research : 'pension system'
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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:
- other pension systems, we, to keep the pension system whole, we have made... ...to keep the pension
- system whole, we have made the employer continue to pay into that pension system to keep it whole.
- Chase Rankin with the Oklahoma Firefighters Pension System.
- The anticipated cost for our system, and I believe the police pension system was included in this, for
- I'm actually more worried about the members in the pension system.
Bills:
HB1784, HB1245, HB1268, HB2116, HB2193, HB2206, HB1739, HB1889, HB1904, HB3172, HB4225, HB4352, HB3625, HB4263
Keywords:
education reform, local control, student outcomes, curriculum changes, school funding, retirement, pension, public employees, Oklahoma Public Employees Retirement System, benefits, survivorship, contribution rates, disability retirement, deferred option plan, service credit, contributions, distributions, HB2116, Oklahoma Law Enforcement Retirement System, OLERS
LA
Transcript Highlights:
- HB 41, by Representative Vuit, provides relative to board membership of the firefighter retirement system
- Professional Firefighters' Retirement System.
- Currently, they do not have a voice at all on what goes on with the retirement system.
- So that brings up any costs to the system?
- “And we represent right at 4,000 of the—how many members and active members in the system?”
Bills:
HB41
Keywords:
Firefighters' Retirement System, FRS, retirement board, board of trustees, firefighter pension, public pension, retirement system governance, active members, service credit, Professional Fire Fighters Association, PFFA, Louisiana Fire Chiefs Association, fire chiefs, retirees, beneficiaries, DROP, Deferred Retirement Option Plan, board elections, vacancies, Louisiana retirement law
LA
Transcript Highlights:
- It kind of fixes a glitch in the DROP system.
- the sheriffs and other systems.
- That system.
- Well, she's still paying into the retirement system, where he's still paying into the retirement system
- And I guess one more question for the system.
Keywords:
HB 17, District Attorneys' Retirement System, retirement system, reemployed retiree, reemployment, supplemental retirement benefit, service credit, benefit suspension, public retirement, district attorney, assistant district attorney, Louisiana District Attorneys' Association, employer reporting, annual report, retirement benefits, state employees, local funds, state funds, Municipal Employees' Retirement System, part-time retirees
KY
Kentucky 2026 Regular Session
Budget Review Subcommittee on General Government, Finance, Personnel, and Public Retirement.(6-3-26)
Transcript Highlights:
- has never really had a briefing on our pension systems and everything.
- :22.080>
are So, basically pension liabilities are So, basically pension liabilities are all<00 - One of the bright spots of Kentucky is really on the pension side.
- Not every state pre-funds pension side.
- System, the troopers. System, the troopers.
Keywords:
Meeting Start 00:00:00
Attendance Roll Call 00:00:54
Pension System Update 00:03:38, 958, all
Summary:
The committee held its first official interim meeting after merging the General Government and Finance, Personnel, and Public Retirement committees, establishing a quorum and opening with the pledge and prayer. Members then received a briefing from KPPA representatives Ryan Barrow and Aaron Sarock on the state retirement systems, including KERS, CERS, and SPRS, and on the importance of fully funding the actuarially determined employer contribution, supplemental appropriations, and investment earnings in reducing unfunded liabilities. They said the systems have made progress toward a statutory closed amortization target of 2049 and emphasized that supplemental funding lowers current employer contribution rates but does not change that end date.
A major topic was federal and state reemployment-after-retirement rules for retirees who return to work with participating employers. KPPA explained that retirees must have a bona fide separation from service, no prearranged agreement to return, and generally a one-calendar-month break in service for retirees on or after January 1, 2024. If a member fails to comply, retirement benefits can be voided, payments stopped, health coverage ended, and benefits repaid. The presenters also noted that rehired retirees do not earn a second retirement account, and employers rehiring them must pay employer contributions and, in non-exempt cases, reimburse health insurance costs.
Members asked about the scale of rehired retirees and the difference between employer contribution and health insurance reimbursement amounts. KPPA said that in fiscal year 2025 there were over 3,500 rehired retirees in CERS and over 5,000 in SPRS, with substantial employer contributions and health reimbursement payments collected. They also explained that some positions are exempt from these chargebacks, including school resource officers and certain law enforcement positions that meet statutory criteria. The committee discussed House Bill 213, which allows cities, sheriffs’ departments, and post-secondary institutions to offer health insurance to rehired officers if authorized by the governing body, effective August 1, 2026, and clarifies the fiscal-year basis for certain exemption limits. No votes were taken.
OK
Oklahoma 2026 Regular Session
Banking, Financial Services and Pensions Feb 10th, 2026 at 03:00 pm
Banking, Financial Services and Pensions
Transcript Highlights:
- based on fiduciary duties and not utilizing ESG or other DEI metrics, and votes for proxy of our pension
- systems move adoption.
- Chairman, House Bill 3265 is a request from the police pension board. It's pretty simple.
- I'm the director of the police pension.
- There's a lot of pension bills that went out.
Keywords:
credit card transactions, payment methods, service charge, consumer rights, financial regulation, public finance, pension, pension fund, retirement system, board of trustees, proxy voting, proxy proposal, shareholder vote, shareholder activism, fiduciary duty, pecuniary factors, nonpecuniary factors, ESG, environmental social governance, social goals
OK
Oklahoma 2026 Regular Session
Retirement and Government Resources Apr 14th, 2026 at 10:30 am
Retirement and Government Resources
Transcript Highlights:
- Pension systems, and it requires that both the boards and any proxy advisors that they might use focus
- system, looking only at pecuniary factors.
- I believe for most of our pension systems, it will be business as usual where they have contracted with
- system may be able to move forward.
- It doesn't absolutely forbid them of that, but it wants our boards to look over our pension systems to
Keywords:
government reporting, information technology, child welfare, environmental policy, state agency compliance, employment restrictions, state officers, prohibited acts, government contracts, public service, public finance, pension, pension fund, retirement system, board of trustees, proxy voting, proxy proposal, shareholder vote, shareholder activism, fiduciary duty
TX
Texas 89th Regular
Pensions, Investments & Financial Services Mar 31st, 2025
Pensions, Investments & Financial Services
Transcript Highlights:
- The Committee on Pensions, Investments, and Financial Services will come to order.
- system, cutting... confusion and delay.
- and for the Pension Review Board which administers this reporting requirement.
- Currently, statute requires Texas Public Retirement Systems.
- First, the bill would require the Pension Review Board...
Keywords:
gift card fraud, counterfeit gift card, gift card tampering, gift card theft, prepaid card, stored value card, retail fraud, financial crimes, consumer protection, organized retail crime, gift card skimming, magnetic stripe, chip card, redemption information, gift card packaging, Penal Code, felony theft, state jail felony, third-degree felony, second-degree felony
OK
Oklahoma 2026 Regular Session
Government Oversight REVISED - HB3852 -Added Mar 5th, 2026 at 10:30 am
Government Oversight
Transcript Highlights:
- For our pension systems? Thank you.
- A lot of Retirement systems.
- House Bill 1889 simply fixes a gap that occurred when we started switching over pension systems and make
- This is a request bill from the Police Pension Board.
- Which was removed in 2012 to help shore up pension plans.
Bills:
HB1739, HB1784, HB1889, HB2116, HB2206, HB3625, HB2939, HB3028, HB3265, HB3313, HB3413, HB3414, HB3415, HB3416, HB3417, HB3418, HB3420, HB3588, HB3748, HB3721, HB3852, HB4132, HB4263, HB4303, HB4311, HB4428, HB4429, HB4434
Keywords:
retirement, law enforcement, disability benefits, pension system, Oklahoma, education reform, local control, student outcomes, curriculum changes, school funding, public retirement systems, pension, retirement benefits, cost-of-living adjustment, COLA, inflation adjustment, CPI-U, Consumer Price Index, firefighters pension, police pension
TX
Texas 89th Regular
Pensions, Investments & Financial Services Apr 23rd, 2025
Pensions, Investments & Financial Services
Transcript Highlights:
- As I'm sure you're aware, the City of Austin and Austin Fire Pension System previously had opposing pension
- It ensures the financial health of our pension system for years to come while preserving our most important
- systems.
- officer in Texas has under their existing pension system.
- Every major police system in Texas that has a pension system provides for disabilities for officers like
Bills:
HB886, HB1514, HB2434, HB2688, HB2802, HB3161, HB3221, HB4029, HB4339, HB4591, HB4774, HB4802, HB4853, HB5627, SB1737
Keywords:
retirement, supplemental payment, benefits, Employees Retirement System, eligible annuitants, legislation, annuity, service credit, Employees Retirement System of Texas, employee benefits, pension reform, public retirement systems, municipality pensions, firefighters, police officers, retirement age, DROP program, actuarial studies, pension benefits, municipal retirement
TX
Texas 89th Regular
Pensions, Investments & Financial Services Apr 23rd, 2025
Pensions, Investments & Financial Services
Transcript Highlights:
- I began and the pension I have now, the reality is that there's been no change in my pension from ERS
- I haven't had any change in what that pension would be.
- We do count on our pensions for our livelihood, and so it's important.
- to pay any additional benefits, the pension fund must be sound.
- plans like ERS are required to adopt a pension funding policy.
Bills:
HB886, HB1514, HB2434, HB2688, HB2802, HB3161, HB3221, HB4029, HB4339, HB4591, HB4774, HB4802, HB4853, HB5627, SB1737
Keywords:
retirement, supplemental payment, benefits, Employees Retirement System, eligible annuitants, legislation, annuity, service credit, Employees Retirement System of Texas, employee benefits, pension reform, public retirement systems, municipality pensions, firefighters, police officers, retirement age, DROP program, actuarial studies, pension benefits, municipal retirement
AL
Alabama 2026 1st Special Session
Alabama Senate Transportation and Energy Committee Apr 2nd, 2026
Transportation and Energy
Bills:
HB542
Keywords:
HB542, district attorney, prosecutor, supernumerary district attorney, Employees' Retirement System, ERS, Alabama retirement, public employee retirement, pension, retirement benefits, post-retirement employment, salary cap, dual participation, double dipping, District Attorneys' Plan, assistant district attorney, deputy district attorney, state pension, survivor benefits, Office of Prosecution Services
OK
Oklahoma 2026 Regular Session
Retirement and Government Resources REVISED Feb 17th, 2026 at 10:30 am
Retirement and Government Resources
Transcript Highlights:
- So, the state is making a substantial contribution to these two pension systems every year.
- It resulted in once again our pension systems were pushing to the near bankruptcy.
- But remember the condition our pension systems are in.
- And so I'm coming back on this now, looking at with the actuarials, their pension systems actually in
- We've got a $25 billion pension system. We're doing pretty good.
Bills:
SB134, SB1356, SB1407, SB1611, SB1639, SB169, SB1722, SB182, SB1870, SB2039, SB432, SB609, SB715, SB716
Keywords:
retirement, public employees, reemployment, benefit adjustment, Oklahoma Public Employees Retirement System, state government, OMES, Office of Management and Enterprise Services, Department of Labor, Department of Veterans Affairs, Department of Rehabilitation Services, civil service, human capital management, state employee disputes, whistleblower, veterans employment, veterans placement, fleet management, state fleet, motor vehicles
AL
Alabama 2025 Regular Session
Alabama Senate Finance and Taxation General Fund Committee May 1st, 2025
Finance and Taxation General Fund
Keywords:
state employees, meal allowance, per diem, travel expenses, Alabama law, HB542, district attorney, prosecutor, supernumerary district attorney, Employees' Retirement System, ERS, Alabama retirement, public employee retirement, pension, retirement benefits, post-retirement employment, salary cap, dual participation, double dipping, District Attorneys' Plan
TX
Keywords:
tax penalties, interest calculation, overpayment, tax law, refund process, historic preservation, heritage tourism, public engagement, Texas Historical Commission, education, pension system, actuarially sound, emergency services, legacy liability, anonymized contributions, economic stabilization fund, state finance, constitutional amendment, budget management, financial security
TX
Keywords:
tax penalties, interest calculation, overpayment, tax law, refund process, historic preservation, heritage tourism, public engagement, Texas Historical Commission, education, pension system, actuarially sound, emergency services, legacy liability, anonymized contributions, economic stabilization fund, state finance, constitutional amendment, budget management, financial security
TX
Texas 89th Regular
Pensions, Investments & Financial Services Apr 28th, 2025
Pensions, Investments & Financial Services
Transcript Highlights:
- We made the changes to the pension system that the HPOU fully supported, with Chairman Flynn carrying
- But we knew that it was necessary; if we did not make these changes, we would lose our pension system
- To the chairman of the pension system, who's going to be speaking also, please. Thank you, sir.
- I'm Trey Coleman, the chairman of the Houston Police Officers Pension System and the captain over HPD's
- system itself.
Keywords:
healthcare, direct primary care, insurance deductibles, Texas Health Benefit Plans, telemedicine, police retirement, disability pension, municipalities, law enforcement, retirement benefits, retirement, beneficiary, Employees Retirement System of Texas, divorce decree, beneficiary designation, Veterans' Land Board, general obligation bonds, constitutional amendment, veterans, housing assistance
TX
Transcript Highlights:
- You were here, testified many times from the Pension Review Board, right?
- This model, already in place in both the Austin Police and City of Austin Employee Pension Systems, offers
- I believe that this bill will ensure the health of our pensions.
- system previously had opposing pension bills this session.
- Together, we've designed a good pension bill.
Keywords:
diesel fuel tax, tax credit, auxiliary power units, power take-off equipment, refund, energy efficiency, firefighter retirement, municipal contributions, pension system, retirement benefits, funding ratios, sales tax exemption, exotic animals, game animals, agriculture, livestock, civil liability, motor vehicle, legal protection, removal
TX
Transcript Highlights:
- system, cutting confusion and delays.
- Retirement systems with greater than $100 million in assets report every three years, and systems between
- It's like a credit card or a debit card, run through the same system, operated the same way.
- And so, there would be some system if someone tried to overcharge what they had deposited.
- At that time, some of our state pension funds and endowment funds were investing in gold.
Keywords:
SB 524, Texas franchise tax, veteran-owned business, new veteran-owned business, business tax exemption, filing fee exemption, Tax Code Chapter 171, Business Organizations Code, Comptroller, small business, veterans, entrepreneurship, tax repeal, privilege tax, beginning date, franchise tax exemption, severance tax, oil, gas, restimulation wells
TX
Texas 89th Regular
Delivery of Government Efficiency Mar 19th, 2025
Delivery of Government Efficiency
Transcript Highlights:
- , water and wastewater systems.
- We also updated Medicaid Fraud and Abuse Detection System, which is known as MFADS, and this system is
- Tracking System.
- , the class system that I mentioned, which is, um, I'm sorry, the care system that I mentioned. which
- When these systems detect that unreported change, we flag... that as a system-reported change.
Keywords:
cybersecurity, state command, information resources, data protection, incident response, information technology, classification officer, job descriptions, state positions, competency-based, information sharing, government efficiency, public sector, private sector, distributed ledger, title registry, real estate, property liens, pilot program, healthcare
AZ
Transcript Highlights:
- Senate Bill 1042 allows members of the state treasurer or a state retirement system to invest in virtual
- So there are taxpayers who pay into the system and get very little back, and then there are taxpayers
- So there are taxpayers who pay into the system and get very little back, and then there are taxpayers
- the Public Safety Personnel Retirement System to monitor digital asset exchange-traded funds and make
- Representative Livingston: ...systems to invest in these things, although not mandating it.
Keywords:
public funds, virtual currency, bitcoin, investment, Arizona Strategic Digital Asset Reserve Act, state treasurer, retirement system, state payments, cryptocurrency, Arizona law, payment methods, government transactions, tax lien, property tax lien, real property tax lien, foreclosure, right of redemption, redeem, excess proceeds, county abatement lien
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.