Video & Transcript Research : 'retirement benefits'

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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:
  • So the deferred retirement option plan essentially says that when a member reaches retirement age, 20
  • This one just allows them when they hit their 20 to retire and place what would be their pension benefit
  • Explain the benefits of this plan.
  • benefits.
  • the increase, and it also places a cap of $90,000 on salaries eligible for retirement benefits in the
OK

Oklahoma 2026 Regular Session

Banking, Financial Services and Pensions REVISED: HB1182 - Removed Feb 17th, 2026

Banking, Financial Services and Pensions

Transcript Highlights:
  • House Bill 4263 would allow a retired member of the Teacher's Retirement System of Oklahoma...
  • This one just allows them, when they hit 20, to retire and place what would be their pension benefit
  • And those that stick with the OHP employment for their career will get the full retirement benefits.
  • Again, this is a really... ...their career will get the full retirement benefits.
  • retirement benefits in the future.
Summary: The Banking, Financial Services and Pensions Committee heard a series of retirement, banking, and school finance bills after announcing that several measures would be laid over or sent back to Rules and that the committee would recess briefly because of quorum and scheduling conflicts. The chair also explained the committee’s OPLA/safe-harbor process for pension bills and noted that many of the measures would still need oversight and floor consideration. Among the bills advanced were HB 1245, allowing certain DHS CLEET-commissioned agents to join the law enforcement retirement system; HB 4352, helping people refinance homes or businesses while protecting lenders; HB 4263, giving certain retired teachers who go to work for CareerTech a choice between TRS and OPERS; HB 1268, creating a five-year DROP option for EMTs and county sheriffs in OPERS; HB 1739, reinstating a half-pay provision in the law enforcement retirement system for OHP recruitment and retention; HB 2116, expanding OLERS eligibility to certain Office of State Fire Marshal officers; HB 2206, allowing newly hired school resource officers into OLERS; HB 3625, expanding school district investment options; HB 1889, providing a catch-up COLA for older police and fire retirees; and HB 1784, requiring TRS’s assumed rate of return not fall below its past 20-year annualized return. HB 3172, the “Fair Banking Act,” would restrict adverse actions by very large financial institutions based on lawful economic activity and require explanations on request; members asked whether it would affect Oklahoma banks and whether it mirrored a presidential executive order. HB 2193 proposed a COLA for state retirement systems with caps on eligible benefits and salaries, and members raised concerns about differing actuarial estimates and the need for more work before oversight. Most bills were reported out by committee votes ranging from 8-0 to 4-3. The chair and members repeatedly noted that several measures, especially the pension bills, would need further work with actuaries and oversight committees. The meeting ended with a brief acknowledgment of committee staff and support personnel before adjournment.
TX

Texas 89th Regular

Pensions, Investments & Financial Services Apr 23rd, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • We call for an examination of the adequacy of the retirement benefits.
  • In short, this bill respects the authority of the city's new tool to manage retirement benefits and helps
  • receive an actuarially reduced benefit if they retire earlier.
  • Time, you have a small class of folks in the retirement system whose benefits are not being actuarially
  • We have the section there that deals with the disability retirement benefits that are absolutely in the
TX

Texas 89th Regular

Pensions, Investments & Financial Services Apr 23rd, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • Since 2001, no benefit adjustment.
  • Stated simply, if a state trooper retired in 2001 with a $3,000 a month retirement, that trooper's retirement
  • We represent active and retired members.
  • that those who have dedicated their lives to public service can benefit and retire with dignity and security
  • I'm also a former state employee, a retired state employee with over 35 years of service, and I retired
AZ

Arizona 2026 Regular Session

02/04/2026 - House Ways & Means

Ways & Means

Transcript Highlights:
  • over the course of several years, so the tax benefit is delayed.
  • System premium benefit subsidy.
  • The first bill, HB 2089, relates to our health insurance premium benefit.
  • for college and they can roll it into a Roth for retirement.
  • for college and they can roll it into a Roth for retirement.
LA

Louisiana 2026 Regular Session

Retirement Apr 29th, 2026

Retirement

Transcript Highlights:
  • That permanent benefit account is the pre-funding of COLAs or permanent benefits for our retirees to
  • I'm the director of the Teacher's Retirement System.
  • who retired after June 3, 2010.
  • Senate Bill 18 by Senator Price repeals certain exceptions for retirement benefits of retirees who return
  • System to work while collecting full benefits.
Summary: The Retirement Committee met on April 29, 2026, established a quorum, and heard a series of retirement-related bills, mostly cleanup or technical measures affecting various public retirement systems. SB 22 would extend Municipal Employees Retirement System eligibility to certain positions in the Second City Court constable’s office in New Orleans. SB 17 would create a funding deposit account for cost-of-living adjustments for registrars of voters’ employees’ retirement system. SB 455 would allow certain district and parish courts to participate in the Parochial Employees Retirement System. SB 456 would update compensation rules for assigned retired judges, and SB 8 would add the Louisiana Asset Management Pool as a participating employer in MERS. All of these bills were described as aligning statutes with current practice or expanding participation options, and each was reported favorably without objection. The committee also heard several Louisiana State Police retirement bills. SB 10 would repeal outdated priority allocation and retiree raise rules and adjust handling of surplus employee contributions; SB 11 would increase the funding cap for benefit increases from 2.5% to 3.5%; and SB 12 would update membership and definition language to reflect the State Police Commission rather than the Civil Service Commission. SB 18 would repeal a special exception allowing certain MERS retirees to return to part-time work while collecting full benefits, while protecting roughly 30 current participants. SB 20 and SB 21 would update actuarial gain/loss and unfunded liability funding rules for school employees’ retirement and LASERS, respectively, in light of the new permanent benefit increase funding structure. Each of these bills was supported by system officials as cleanup or modernization measures and was reported favorably. The committee spent the most time on education and return-to-work issues for teachers and public employees. SB 16 would reduce annual trustee training requirements for retirement system boards from 16 hours back to 12 hours, which witnesses said would better fit smaller systems and match the original intent of the law. SB 13 would similarly update TRSL’s actuarial funding rules after the sunset of the experience account. SB 14, based on a 2025 study work group, would consolidate and simplify TRSL return-to-work rules and expand options for retired teachers, with witnesses emphasizing teacher shortages and the need to retain experienced educators. All three were reported favorably. Finally, SB 416 would allow certain Department of Public Safety and Corrections retirees to return to critical shortage positions after one year, and SB 477 would classify the chairman of the Louisiana Gaming Control Board as a full-time state employee for retirement purposes. Both bills drew questions and discussion, especially SB 416, and both were reported favorably. The chair announced the committee’s next meeting would be moved from Monday to Tuesday, and the meeting adjourned.
LA

Louisiana 2026 Regular Session

Retirement May 5th, 2026

Retirement

Transcript Highlights:
  • At some point, they would completely retire and draw full retirement benefits.
  • Well, let me ask: if you get a teacher who has 20 years and retires and draws a full benefit and comes
  • So someone who can retire and then come back and receive both pay and full retirement benefits, that
  • , right, are now going to be getting their full retirement benefit from the retirement system.
  • benefit and coming back into the retirement system for a short period of time.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Public Service Mar 11th, 2026

Joint Committee on Public Service

Transcript Highlights:
  • , his wife would get a portion of his retirement.
  • So the retirement board, we talked to them, and it’s not something a retirement board can do without
  • so that I can retire with retirement plus at the age of 55.
  • Board to provide for the payment of retirement benefits to Dale Kylie.
  • The next one is House Bill 4977, an act relative to a transfer of retirement benefits for Valerie DeRasio
FL

Florida 2026 Regular Session

Appropriations Jan 14th, 2026

Appropriations

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.
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
  • DROP stands for Deferred Retirement Option Program, which allows a person to defer retirement when they
  • Benefit change.
  • And those officers receive no DROP benefits. I, in Tier 1, receive no benefit from this bill.
  • And gives retirees appropriate control over their own retirement benefits.
AL

Alabama 2025 Regular Session

Alabama House Ways and Means General Fund Committee Apr 16th, 2025

Ways and Means General Fund

Transcript Highlights:
  • post-retirement qualifying period for benefits for certain occupational diseases.
  • House Bill 556 concerns the employment of certain retired law enforcement officers.
  • Benefits and Allowances.
  • Retirement Benefits and Allowances, further providing for membership of district attorneys' plans, expanding
  • systems without penalties or reductions to their retirement benefits. ...they cannot draw the ERS retirement
AZ

Arizona 2026 Regular Session

03/09/2026 - Senate Finance

Finance

Transcript Highlights:
  • System's health insurance premium benefits subsidy.
  • System's health insurance premium benefits subsidy.
  • What were the steps that they would have to take to benefit? Mr.
  • Benefits are being offered.
  • Leach has a retirement plan.
TX

Texas 89th Regular

FinanceAudio only. May 27th, 2025

Finance

Transcript Highlights:
  • These updates will help address teacher shortages and ensure students benefit from instructors with real-world
Bills: HB1057
Summary: The Senate committee met, established a quorum, and took up House Bill 1057, sponsored in the Senate by Senator Adam Hinojosa. Hinojosa explained that the bill would expand the amount of prior industry experience that can count toward TRS and salary step credit for career and technology education teachers, increasing the cap from two years to five years. He said the change is intended to help recruit and fairly compensate skilled professionals such as electricians, nurses, welders, and programmers, and to address teacher shortages beginning in the 2025-2026 school year. No members asked questions, and no one signed up to testify. The committee then voted to report HB 1057 favorably to the full Senate. The motion passed unanimously, 13 ayes and 0 nays, and the chair announced the committee would stand recessed subject to call.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Public Service Apr 14th, 2026

Joint Committee on Public Service

Transcript Highlights:
  • I don't want to retire yet.
  • , the Massachusetts State Retirement Board denied the request, arguing that judicial retirement allowances
  • , the Massachusetts State Retirement Board denied the request, arguing that judicial retirement allowances
  • Thank you for hearing my issue with my retirement from the Massachusetts Retirement System, MTRS.
  • retirement.
OK

Oklahoma 2026 Regular Session

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

Retirement and Government Resources

Transcript Highlights:
  • The committee on retirement and government sources shall convene.
  • for cost of living adjustment for retired firefighters.
  • So, I'm all for benefits.
  • System Hazardous Duty Retirement Plan.
  • The bill increases the retirement benefits to 2.5% vice the 2%.
OK

Oklahoma 2026 Regular Session

Retirement and Government Resources REVISED Feb 17th, 2026

Retirement and Government Resources

Transcript Highlights:
  • The fact is these benefits do need to be paid for.
  • So I'm all for benefits.
  • So I'm all for benefits.
  • System hazardous duty retirement plan.
  • The bill increases retirement benefits to 2.5% versus 2%.
Summary: The Senate Committee on Retirement and Government Resources considered a series of retirement, pension, and state employee bills. Senate Bill 1870 would let small municipalities in OPERS with populations of 2,000 or less opt out for new employees; members questioned the fiscal impact and the bill passed 8-0 after the chair struck the title to get a clearer actuarial analysis. Senate Bill 1722 passed 9-0 and would require OMES construction contract fees to be based only on construction costs, not interior design and furnishings, with members discussing how to define those terms and whether historical or specialized projects could still be accommodated. Senate Bill 1639 passed 9-0 after an amendment removed provisions affecting the Indian Education Act commission, leaving a bill to repeal several dormant boards and commissions. The committee also passed Senate Bills 715 and 716, which would increase municipal contributions to firefighter and police pensions, respectively; members raised concerns about city budgets, and the sponsor said he was open to phasing in the increases. Senate Bill 182 passed 5-2 to add certain DHS Inspector General officers and OJA residential care specialists to hazardous duty retirement, and Senate Bill 609 passed 7-0 to allow police recruits to buy up to five years of prior out-of-state service credit as a recruitment tool. The committee then passed Senate Bill 169 5-2 to increase state employee longevity pay by 50%, with supporters citing high turnover and opponents warning about budget pressure and the need for broader raises. Senate Bill 134 passed 7-0 to shorten the waiting period for county employees to return to work from one year to six months. Senate Bill 432 passed 6-0 to raise volunteer firefighter pension benefits, and because it was double-assigned it would next go to Appropriations. Senate Bill 1407 passed 7-0 after an amendment requiring OMES to provide the Commission on the Status of Women an itemized accounting of funds; the bill generally clarifies staffing and financial reporting authority for the commission. Finally, Senate Bill 2039 passed 8-0 after an amendment narrowing the bill to military personnel who are also teachers and defining salary for buyback purposes; the sponsor said the measure would help service members return to teaching and buy back up to five years of credit. The committee also passed Senate Bill 1356 7-0, a broader OMES cleanup bill moving certain functions elsewhere, though members flagged concerns about relocating the state use program and the pay-for-success fund and suggested further study on those sections.
WA

Washington 2025-2026 Regular Session

Senate Ways & Means Feb 26th, 2026 at 01:30 pm

Ways & Means

Transcript Highlights:
  • I'm a member of the retired firefighters, and I also support the enhancement benefit, and I certainly
  • Specifically, the benefit improvement would be funded from the retired LEOFF 1 account, which is proposed
  • benefits.
  • benefits.
  • This bill allows employees bargaining for health care insurance and retirement benefits.
TX
Transcript Highlights:
  • programmers bring to the classroom, these updates will help address teacher shortages and ensure students benefit
Bills: HB1057