Video & Transcript Research : 'retirement funds'

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LA

Louisiana 2026 Regular Session

Retirement May 5th, 2026

Retirement

Transcript Highlights:
  • At some point, they would completely retire and draw full retirement benefits.
  • It might not be a retired teacher.
  • 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.
TX

Texas 89th Regular

Pensions, Investments & Financial Services Apr 23rd, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • This local funding restoration bill will ensure the Austin Firefighters Retirement Fund is stable and
  • This bill has been agreed upon by the City of Austin and the Austin Firefighter Retirement Fund.
  • Fund and the City of Austin Employees Retirement Fund.
  • I'm also the Chair of the Austin Firefighters Retirement Fund pursuant to Texas statute.
  • The bill establishes a dedicated supplemental retirement program fund within TRS.
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
  • I'm also a former state employee, a retired state employee with over 35 years of service, and I retired
  • as opposed to asking the pension plan to look for funds within the trust fund itself to finance those
  • would do just that: provide additional funding beyond the legacy payment to pre-fund these benefits and
  • Unfortunately, it's the retirement system and the members of the trust fund that are subsidizing that
AZ

Arizona 2026 Regular Session

03/25/2026 - House Ways & Means

Ways & Means

Transcript Highlights:
  • So it gives the funds that ability to make that investment if they see it as in the best interest of
  • fund.
  • fund.
  • the Public Safety Personnel Retirement System to monitor digital asset exchange-traded funds and make
  • And looking up ETFs for Bitcoin exchange-traded funds are down 20% this year.
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
  • 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.
  • Depending on per pension, or your per pension fund, I think the total of all the pension funds for increase
  • And judicial is 100% funded. ...$665,000, OLERS is $156,000, and judicial is 100% funded already.
AZ

Arizona 2026 Regular Session

02/02/2026 - Senate Finance

Finance

Transcript Highlights:
  • for how the state government funds all its operations.
  • And do you... ...of funds for how the state government funds all its operations.
  • But really the bigger issue is why can't we fund government?
  • Another is retirement, which.
  • Tier 1 is a 20-year retirement. Tier 2 is a 25-year retirement.
MN

Minnesota 2025-2026 Regular Session

House State Government Finance and Policy Committee 3/25/25

State Government Finance and Policy

Transcript Highlights:
  • Our funding comes from three sources. The largest being the workers' compensation fund.
  • the workers' compensation fund.
  • So those items that are filed by the petitioning party in our court have general fund funding.
  • Our funding comes from three sources. The largest being the workers' compensation fund.
  • </c> general fund general fund funding.<00:42:38.560><c> Uh</c><00:42:38.880><c> the</c><00:42:39.119
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.
  • participation in the supernumerary program and the employees' retirement system.
  • benefits. ...they cannot draw the ERS retirement that they qualified for.
  • In this bill, up to 10% of a fund ... ...in this bill, up to 10% of a fund that they're investing in.
AL

Alabama 2025 Regular Session

Alabama House Judiciary Committee Apr 2nd, 2025

Judiciary

Transcript Highlights:
  • Currently, any judge serving after reaching age 70 is required to retire.
  • We have in times past discussed moving to 75, but if you remember, a few years ago we redid the retirement
  • But isn't it that they have to retire at... 70 right now? No, ma'am.
  • Okay, I just know some people retired around their birthday, so ma'am, I just know some people that kind
  • of retire around their birthday.
OK

Oklahoma 2026 Regular Session

Revenue and Taxation Feb 16th, 2026 at 01:30 pm

Revenue and Taxation

Transcript Highlights:
  • It was simply to, we didn't have the funding, but we're going to use the fund from inside the TIF to
  • Chairman, just for clarification, this is only within the retirement systems.
  • Page two, line 21 says any state retirement system may invest in digital assets.
  • Any state retirement system may invest in digital assets in exchange-traded products.
  • Should that say any state retirement system may invest in digital assets?
AL

Alabama 2025 Regular Session

Alabama Senate Finance and Taxation General Fund Committee Apr 23rd, 2025

Finance and Taxation General Fund

Transcript Highlights:
  • Welcome to our tax and finance general fund meeting this morning.
  • It's just simply a procedure to give state employees and retired state employees a cost of living increase
  • And what we're doing is we want to take a $5 million one-time transfer from the 21st Century Fund, which
  • there going to be any… I'm going to use a word, but I probably shouldn't—any detrimental impact to the fund
  • Fund itself when we're moving this money um now to the economic development end.
OK
Transcript Highlights:
  • But the 4% versus 6% is that based off of the value of the fund?
  • A lot of Retirement systems.
  • At that time, its removal had no impact on the funded status.
  • However, it has since reduced retirement benefits.
  • This better aligns our retirement goals with the industry best practices.
OK

Oklahoma 2026 Regular Session

Government Oversight REVISED - HB3852 -Added Mar 5th, 2026

Government Oversight

Transcript Highlights:
  • Because the funds that we're drawing the money from, that pot is growing.
  • Representative, what is the funding ratio of PRS? Do you know that number?"
  • However, the removal of half-pay reduced retirement benefits by 30%.
  • This better aligns our retirement goals with industry best practices.
  • For intent of this bill is to better prepare them for retirement.
Summary: The committee opened with prayer, laid over House Bill 1784 as dead, and then heard a long series of measures, many related to pensions, retirement systems, elections, and state procurement/reporting. Early bills included HB 3588 on debtor-creditor law updates, HB 3748 on county partnerships with four-year institutions, HB 4303 extending the municipal ordinance publication deadline from 15 to 30 days, HB 4311 increasing the treasurer’s share of the unclaimed property administration fee from 4% to 6%, and HB 3028 allowing CareerTech to charge processing fees. All of these advanced on due pass votes, with some opposition on HB 3588, HB 4311, and HB 3028. A major block of the meeting focused on retirement and pension policy. The committee advanced HB 4428 and HB 4429 on proxy advisor transparency and fiduciary voting standards for retirement systems, with the author arguing they would improve transparency and keep pension decisions focused on financial returns rather than ESG/DEI considerations. Other pension-related bills that passed included HB 4132 creating a cybersecurity safe harbor for local governments, HB 1889 fixing a COLA gap for certain retired police officers and firefighters, HB 3265 defining “mental health specialist” for disability applications, HB 1739 reinstating a half-pay provision in the state law enforcement retirement system, HB 3313 changing the Retirement Freedom Act by raising contribution and match rates and eliminating vesting, HB 2116 expanding eligibility for State Fire Marshal officers, HB 2206 allowing newly hired school resource officers to join OLEERS, HB 3625 expanding school district investment options, and HB 3721 creating a survivor-benefit election for children of certain public safety officers. Most of these passed with little or no debate, though HB 1739 drew questions about actuarial “safe harbor” language and pension funding. The latter part of the meeting centered on a package of government contracting and transparency bills from Representative Strom. HB 3413, HB 3414, HB 3415, HB 3416, HB 3417, HB 3418, and HB 3420 would require more detailed reporting of contracts, subcontractors, consulting services, and post-contract assessments; create public posting and reporting requirements through OMES and Central Purchasing; revise bidding rules for state, county, and municipal entities; require vendor ownership disclosures; allow live-streamed bid openings; and add misdemeanor penalties for violations of Central Purchasing rules. Strom said the package was intended to improve accountability, documentation, and protection of taxpayer dollars. The committee also passed HB 3852 clarifying poll worker list requirements for county election boards, HB 4434 requiring gubernatorial notice when out of state, and HB 2939 removing fax-machine references from statute. Most measures were adopted with policy recommendations and passed on strong votes, and the meeting ended with Chairman West thanking members for their work and adjourned the committee.
TX

Texas 89th Regular

State Affairs (Part II) Mar 17th, 2025

State Affairs

Summary: The Senate Committee on State Affairs resumed consideration of several pending bills, first taking up Senate Bills 667, 1349, 1585, and 2312. After inviting testimony had already been heard, no members of the public came forward to testify on any of those measures, and the committee closed public testimony and left all four bills pending. The committee then heard Senate Bill 1355, which Senator Parker explained as a committee substitute aimed at helping Texas distillers recover unpaid invoices from wholesalers. The substitute would require distillers to invoice at the time of purchase, send a demand letter if payment terms are violated, and allow complaints to be filed with the Texas Alcoholic Beverage Commission, which could determine an appropriate penalty based on the facts. Natasha Dehart of Bent Distilling Company testified in support, describing serious cash-flow problems and unpaid invoices from a Texas wholesaler that had forced layoffs, late vendor payments, and operational strain. No one testified against the bill, and it was left pending. The committee also heard Senate Bill 1378, a narrowly tailored local bill for a Carrollton facility recently acquired by Sazerac that employs more than 1,000 Texans. Senator Parker said the bill would create a limited exemption to avoid forcing the company to shut down or move because of current permit restrictions, while preserving the three-tier system and preventing the company from selling wine to itself. A Texas Alcoholic Beverage Commission resource witness said the bill was drafted so it would not open the door to broader industry changes. Mason Moreland testified against the bill as filed, arguing it gave special treatment to one company and failed to address broader problems in the wine industry, including direct-to-consumer sales and permit issues. After questions from senators, public testimony closed and SB 1378 was left pending. The committee then recessed subject to the call of the chair.
OK

Oklahoma 2026 Regular Session

Joint Committee on Appropriations and Budget Apr 13th, 2026 at 04:30 pm

Joint Committee on Appropriations and Budget

Transcript Highlights:
  • It consolidates the bind fund and creates a new fund called the Military Readiness, Innovation, Education
  • , and Aviation Revolving Fund.
  • Members, this consolidates several funding streams into the revolving fund 4045 creates.
  • , sustainability revolving fund.
  • ...million dollars from the stabilization fund over to this new, essentially sovereign wealth fund.
OK

Oklahoma 2026 Regular Session

Joint Committee on Appropriations and Budget Apr 13th, 2026

Joint Committee on Appropriations and Budget

Transcript Highlights:
  • It consolidates the Bind Fund and creates a new fund called the Military Readiness, Innovation, Education
  • , and Aviation Revolving Fund.
  • Members, this consolidates several funding streams into the revolving fund House Bill 4045 creates.
  • , sustainability revolving fund.
  • ...$200 million from the stabilization fund over to this new, essentially sovereign wealth fund.
Summary: The Joint Committee on Appropriations and Budget met to consider a long agenda of appropriations, retirement COLAs, revolving funds, and limits bills. Early actions included Senate Bill 1144 and Senate Bill 1145, which provided cost-of-living adjustments for retired teachers and OPRS retirees, respectively, and Senate Bill 1146, 1147, 1148, and 1149, which extended similar retirement benefit increases or a one-time stipend for law enforcement, firefighters, judges, and certain retired police and firefighters. The committee also advanced bills funding the Pardon and Parole Board, OSBI cybercrimes and fraud work, juvenile medication, and several agency limits bills for Health Care Authority, Health Department, Mental Health and Substance Abuse Services, and DHS. Members also heard and passed a series of education, public safety, and economic development measures, including funding for school security at the School for Science and Math and the Schools for the Blind and Deaf, support for National Board certified teachers, and appropriations for the Rural Health Transformation Program, the Decennial Census Revolving Fund, Task Force One, and the Oklahoma State Bureau of Investigation forensic center. Several bills created or expanded revolving funds and financing tools, including military readiness and aviation funds, a taxpayer endowment trust fund, water infrastructure loan and REAP-related measures, and a revised non-coal mining fee structure. The committee also approved a bill increasing court reporter pay and another reducing employer contributions to the retirement system after it reached over 100% funding. There was notable discussion on a $5 million film-related pilot program for sitcom production, with questions about the amount and certification requirements, and on a rural economic development package that included money for the state fairgrounds and a university energy plant, which drew objections over whether those projects fit the intended purpose of rural prep funds. Other debated items included a bill directing funds to the Oklahoma Dream Act/Trump accounts, a bill rejecting judicial pay increases recommended by the Board of Judicial Compensation, and a proposal to move $200 million from the stabilization fund into a new Taxpayer Endowment Trust Fund. Most measures were reported out with due pass votes, though several drew dissenting votes, including the film bill, the fairgrounds/economic development bill, the water projects bill, and the trust fund and judicial pay measures. The committee adjourned after completing the agenda.
LA

Louisiana 2026 Regular Session

Retirement Apr 29th, 2026

Retirement

Transcript Highlights:
  • So we used to fund them through the experience account.
  • by increasing the funding cap from 2.5 to 3.5 percent.
  • across the public retirement system from 16 to 12 hours.
  • I'm the director of the Teacher's Retirement System.
  • The UAL is, we have $11 million in the fund already.
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.
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.
  • , hoping to make it to 55, I will be two years shy of retirement plus.
  • Board to provide for the payment of retirement benefits to Dale Kylie.
Summary: The Public Service Committee heard testimony on a series of retirement, public safety, and personnel bills. The first major item was House Bill 5054, which would allow an affidavit to substitute for missing pre-employment medical records for public safety personnel in Peabody. Representative Tom Walsh, Mayor Ted Bettencourt, Fire Chief Jay Dowling, Chief Thomas Griffin, and Senator Joan Lovely all supported the bill, explaining that a veteran firefighter’s retirement had been delayed because the city could not locate his original medical records. They said the measure would correct an administrative gap and allow him to retire honorably. The committee also heard testimony on House Bill 4698, which would authorize retirement benefits for Dale Kylie, a retired state trooper whose divorce changed the circumstances underlying his retirement option selection. Representative Donald Potham said legislative action was needed because the retirement board could not make the change on its own. House Bill 3900 would raise the maximum age for special police officers in Kingston to 70; Representative Kathy LaNatra said the town has a shortage of officers and many details are being outsourced or left uncovered. Sarah Sebelli testified on House Bill 5159, seeking two years of credited service toward retirement based on prior paraprofessional work, saying she was denied credit for charter school service and is facing a degenerative eye disease that may force her to retire early. The committee then took up the remaining listed bills, including measures involving Pelham police chief employment, the New Bedford Police Association, retirement benefit transfers, age waivers for police officers, continued employment of Petersham police department members, a special police appointment in Dayton, and a sick leave bank for a Department of Corrections employee. No additional testimony was offered on those bills. After hearing the testimony and confirming no further speakers, the committee voted to adjourn.