Video & Transcript Research : 'retirement contributions'
Page 1 of 500
LA
Transcript Highlights:
- At some point, they would completely retire and draw full retirement benefits.
- Their members pay contributions.
- They might be retired, they might not be retired. But that's what my concept is. Thank you.
- , right, are now going to be getting their full retirement benefit from the retirement system.
- Employees Retirement 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
FL
Transcript Highlights:
- We have SB 7010 by Senator Mayfield on Roth contribution plans.
- 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
- contributions.
- Services for the state plan and local governmental entities for local plans to allow post-tax contribution
Bills:
S7010
Keywords:
Roth contributions, deferred compensation, retirement savings, Florida Statutes, tax benefits
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
Keywords:
tax collection, managed audits, taxpayer rights, dispute resolution, penalty, sales tax exemption, clothing, footwear, school items, economic relief, public retirement systems, pension funding, police benefits, firefighter pensions, municipality contributions, actuarial assumptions, amortization, administrative requirements, judicial retirement, service credit
TX
Keywords:
tax collection, managed audits, taxpayer rights, dispute resolution, penalty, sales tax exemption, clothing, footwear, school items, economic relief, public retirement systems, pension funding, police benefits, firefighter pensions, municipality contributions, actuarial assumptions, amortization, administrative requirements, judicial retirement, service credit
TX
Texas 89th Regular
Pensions, Investments & Financial Services Apr 23rd, 2025
Pensions, Investments & Financial Services
Transcript Highlights:
- Both the union and the Retired Firefighters Association support this bill, and most active and retired
- Right now, the state's contribution to the teacher retirement system happens outside the foundation.
- , which is a seven-member body tasked with studying how the state's contributions to teacher retirement
- That additional flexibility allows local governments to better align retirement contributions with the
- For example, El Paso contributes the employee. Contributes 18%.
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:
- 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.
- I'm also a former state employee, a retired state employee with over 35 years of service, and I retired
- There's a 2% contribution called the Public Education Employer Contribution, or the PEEC.
- So, charter schools contribute 2%, ISDs contribute 2%, and 2% on the minimum salary schedule.
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
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:
- House Bill 4263 would allow a retired member of the Teacher's Retirement System of Oklahoma who becomes
- Drop to their pension retirement, similar to firefighters and FOP.
- So the deferred retirement option plan essentially says that when a member reaches retirement age, 20
- House Bill 2193 is a COLA for state retirement systems.
- House Bill 2193 is a COLA for state retirement systems.
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
AZ
Transcript Highlights:
- Arizona State Retirement System. Thank you. Any questions for the bill sponsor? Seeing none, Mr.
- For the record, Jessica Thomas, legislative liaison for the Arizona State Retirement System.
- Again, for the record, Jessica Thomas, legislative liaison for the Arizona State Retirement System.
- For the last time, Jessica Thomas, legislative liaison for the Arizona State Retirement System.
- , own money, families' monies, grandparents, aunts, relatives contributing to a 529 plan.
Keywords:
individual income tax, subtraction, Arizona Revised Statutes, retirement benefits, adoption costs, charitable contributions, health insurance, premium payment, Arizona State Retirement System, contingent annuitant, long-term disability, benefits limitations, disability compensation, social security, retirement system, elected officials, ASRS, eligibility waiver, age 65, education savings
Summary:
The committee first heard House Bill 2785, a tax conformity measure that would update Arizona statutes to conform to the Internal Revenue Code as of January 1, 2026, including retroactive provisions for tax year 2025. The sponsor and supporters said the bill would align state law with tax forms already issued by the Department of Revenue, provide certainty to filers, and deliver about $440 million in tax relief through provisions such as no tax on tips and overtime, a larger standard deduction, and a $6,000 senior deduction. Opponents argued the bill would significantly reduce state revenue, disproportionately benefit higher-income taxpayers, and should be considered alongside a broader budget plan. After debate and an amendment addressing retroactivity and foreign dividends, the committee approved HB 2785 on a 5-4 vote.
The committee then took up several Arizona State Retirement System and education savings bills. HB 2089 clarified the health insurance premium benefit subsidy for retirees and passed unanimously. HB 2090 changed the disability determination period for long-term disability benefits from 24 months within a five-year period to a straight 24-month period and passed 8-1. HB 2092 allowed employees over age 65 to waive ARS participation within 30 days of becoming eligible and also passed 8-1. HB 2477 conformed Arizona’s 529 education savings plan to federal law, including expanded uses and a permanent rollover to ABLE accounts and Roth IRAs; testimony supported the cleanup and simplification, but some members raised concerns about the Roth rollover and possible use of transferred ESA funds. HB 2477 passed 5-3 with one present vote, and the committee then adjourned.
TX
Transcript Highlights:
- . ...Fund in 2021 and the City of Austin Employee Retirement Fund in 2023.
- I'm the Executive Director of the Austin Firefighters Retirement Fund.
- I did pause. to make sure I say Austin Firefighters Retirement Fund.
- Both the Union and Retired Firefighters Association support this bill, and most active and retired Austin
- I am the president of the Austin Retired Firefighters Association.
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
AZ
Arizona 2026 Regular Session
03/23/2026 - House Public Safety & Law Enforcement
Public Safety & Law Enforcement
Transcript Highlights:
- to receive the employer's contribution.
- pay at each contribution interval.
- Tier 1 is a 20-year retirement. Tier 2 is a 25-year retirement, and Tier 3 is a 401(a).
- And when they do retire, now we’re paying for a retirement program for them that we otherwise could have
- And when they do retire, now we’re paying for a retirement program for them that we otherwise could have
Keywords:
appropriation, public safety, Yuma County, funding exemption, family advocacy center, firefighters, occupational disease, workers compensation, cancer presumption, police officers, hazardous duty, SB1270, Arizona retirement system, public safety personnel, defined contribution plan, correctional officers, corrections officers, retirement contributions, supplemental contributions, retention incentive
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.
AL
Alabama 2025 Regular Session
Alabama House Montgomery County Legislation Committee Apr 15th, 2025
Montgomery County Legislation
Transcript Highlights:
- The Montgomery County City Council is authorized to join the state retirement system, and it is also
- We give them the option to give them retirement. We give them the option to take retirement.
Keywords:
HB424, Montgomery County, sheriff, county sheriff, salary increase, expense allowance, local act, county general fund, retirement contributions, public official compensation, law enforcement pay, elected official salary, Montgomery County legislation, sheriff compensation, term-based salary, retirement system, Montgomery City Council, constitutional amendment, employees, service credit
AL
Alabama 2025 Regular Session
Alabama House Jefferson County Legislation Committee Mar 5th, 2025
Jefferson County Legislation
Transcript Highlights:
- This is a bill for the County Retirement System.
- The retirement system is approximately 70% funded.
- R de Ra, who is a lawyer and worked on the retirement system.
- Graph, and we represent the Jefferson County Retirement System.
- It's a 30-year retirement system. You bet. You asked in 10 years.
TX
Texas 89th Regular
Pensions, Investments & Financial Services Apr 14th, 2025
Pensions, Investments & Financial Services
Transcript Highlights:
- through the Employees Retirement System of Texas.
- towards retirement.
- I started contributing to my retirement plan... Deferred Compensation Plan about seven years ago.
- savings. retirement savings.
- The contribution rate, we refer to it as the stat max.
Bills:
HB245, HB700, HB2783, HB3526, HB3900, HB4061, HB4124, HB4166, HB4395, HB4534, HB4609, HB4641, HB4736, HB4738, HB4739, HB4945, HB5015, HJR175, HB245
Keywords:
military service, retirement, law enforcement, custodial officer, Employees Retirement System, commercial financing, brokers, registration, disclosures, finance, consumer protection, fees, deferred compensation, automatic participation, county employees, payroll deductions, retirement plans, fiscal transparency, local government, bond issuance
TX
Texas 89th Regular
Pensions, Investments & Financial Services Apr 14th, 2025
Pensions, Investments & Financial Services
Bills:
HB245, HB245, HB700, HB2783, HB3526, HB3900, HB4061, HB4124, HB4166, HB4395, HB4534, HB4609, HB4641, HB4736, HB4738, HB4739, HB4945, HB5015, HJR175
Keywords:
property tax, delinquent taxes, ad valorem, penalties, interest cap, military service, retirement, law enforcement, custodial officer, Employees Retirement System, commercial financing, brokers, registration, disclosures, finance, consumer protection, fees, deferred compensation, automatic participation, county employees
AZ
Transcript Highlights:
- supplemental contribution incentive payments to Tier 3 CORP members who participate in the defined contribution
- retirement plan.
- Another is retirement, which, for Tier 3, which means every employee hired after 2018, is a defined contribution
- Another is retirement, which.
- Tier 1 is a 20-year retirement. Tier 2 is a 25-year retirement.
Keywords:
income tax, conformity, Arizona Revised Statutes, taxpayer, federal regulations, firefighters, occupational disease, workers compensation, cancer presumption, police officers, hazardous duty, SB1270, Arizona retirement system, public safety personnel, defined contribution plan, correctional officers, corrections officers, retirement contributions, supplemental contributions, retention incentive
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.
AL
Alabama 2025 Regular Session
Alabama Senate Finance and Taxation General Fund Committee Feb 19th, 2025
Finance and Taxation General Fund
Transcript Highlights:
- Is this a contribution taken out pre or post-tax?
- to be able to retire.
- I go out of my mind if I retire. My idea of retirement... retire.
- I don't think this fixes retirement as a workforce...
- have anything... ...retire, you don't have anything.
Keywords:
State Auditor, property investigations, negligence, loss report, civil actions, Alabama Retirement Savings Program, state-facilitated retirement savings, auto-IRA, automatic enrollment, payroll deduction IRA, retirement savings access gap, private sector workers, small business retirement plan, portable retirement account, Roth IRA, traditional IRA, life-cycle fund, capital preservation fund, financial literacy, Department of Workforce
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.
- , police officer contribution, and the municipal contribution to complement all that.
- That when they retire, money goes into the Plan B account.
- System Hazardous Duty Retirement Plan.
- into that system here in the police retirement system.
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 2026 1st Special Session
Alabama House Insurance Committee Mar 17th, 2026
Economic Development/Banking/Insurance & Commerce
Transcript Highlights:
- And the young lady called me, who is a former, well, she's a retired state employee, who said, "Mr.
- And the young lady called me, who is a former, well, she's a retired state employee, who said, "Mr.
- "The young lady called me, who is a former, well, she's a retired state employee, who said, 'Mr.
- former<00:17:15.360>
well, <00:17:15.600>she's <00:17:15.919>a <00:17:16.079>retired - <00:17:16.720>
state former well, she's a retired state former well, she's a retired state
Keywords:
HB424, Montgomery County, sheriff, county sheriff, salary increase, expense allowance, local act, county general fund, retirement contributions, public official compensation, law enforcement pay, elected official salary, Montgomery County legislation, sheriff compensation, term-based salary, immigration, law enforcement, fingerprints, DNA collection, illegal aliens
MN
Transcript Highlights:
- So, the company received one IRA contribution for 2022 and the other for 2023.
- Chair and Representative Elkins, for a contribution that was made in calendar year 2023, if notification
- That would allow that contribution... to count towards the tax year 2022 federal deduction for that retirement
- contribution that would then flow through to the state.
- Contributing significantly to America's headquarters economy.
Keywords:
individual income tax, retirement contributions, tax corrections, annuity contracts, tax year attribution, tax credit, economic development, community investment, data disclosure, Minnesota regulations, tax increment financing, municipal authority, job creation, transferred increment, public hearing, nonresident employees, income tax exemption, Minnesota taxation, employment duties, tax withholding
MN
Transcript Highlights:
- for tax year 2022. ...required to correct that 2023 contribution.
- It would allow that contribution to count toward the tax year 2022 federal deduction for that retirement
- contribution, which would then flow through to the state.
- <00:57:58.880>
to that would allow that uh contribution to that would allow that uh contribution - federal deduction um for that retirement federal deduction um for that retirement contribution<00
Keywords:
individual income tax, retirement contributions, tax corrections, annuity contracts, tax year attribution, tax credit, economic development, community investment, data disclosure, Minnesota regulations, tax increment financing, municipal authority, job creation, transferred increment, public hearing, nonresident employees, income tax exemption, Minnesota taxation, employment duties, tax withholding