Video & Transcript Research : 'retirement system funding'

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LA

Louisiana 2026 Regular Session

Retirement Apr 29th, 2026

Retirement

Transcript Highlights:
  • adjustments for the registrars of voters' employees' retirement system.
  • across the public retirement system from 16 to 12 hours.
  • This reduction will also assist the smaller retirement systems. Ms. Michelle...
  • This reduction will also assist the smaller retirement system. Ms. Michelle.
  • I'm the director of the Teacher's Retirement System.
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 SB 10 would repeal outdated priority allocation and retiree raise rules and adjust handling of surplus employee contributions; SB 11 would increase the funding cap for benefit increases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.
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
  • This bill affects the Oklahoma law enforcement employer retirement system.
  • House Bill 2193 is a COLA for state retirement systems.
  • House Bill 2193 is a COLA for state retirement systems.
  • They have really gotten the pension system to a better funding level.
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...
  • House Bill 4263 would allow a retired member of the Teacher's Retirement System of Oklahoma who becomes
  • This bill affects the Oklahoma law enforcement employer retirement system.
  • House Bill 2193 is a COLA for state retirement systems.
  • The House Bill 2193 is a COLA for state retirement systems.
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.
LA

Louisiana 2026 Regular Session

Retirement May 5th, 2026

Retirement

Transcript Highlights:
  • House Bill 42 provides relative to the phased retirement program within the Teacher Retirement System
  • Well, she's still paying into the retirement system, where he's still paying into the retirement system
  • , right, are now going to be getting their full retirement benefit from the retirement system.
  • I'm the director of the Teacher's 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:
  • In the last legislative session, employees... ...with the Teacher's Retirement System received both a
  • from the Employees Retirement System of Texas.
  • the overall wealth of the Teacher Retirement System?
  • The stability of the Teacher Retirement System. That is correct, by about $13 million. Thank you.
  • Unfortunately, it's the retirement system and the members of the trust fund that are subsidizing that
WY

Wyoming 2026 Regular Session

Senate Appropriations Committee, February 10, 2026

Appropriations

Transcript Highlights:
  • They put a sinking fund in place.
  • Now, we don't fund them extra.
  • We'd only fund it at 90% fund that.
  • their general fund primarily.
  • </c> those funds in their general fund those funds in their general fund primarily. primarily. primarily
OK

Oklahoma 2026 Regular Session

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

Retirement and Government Resources

Transcript Highlights:
  • And so the state took them over and we funded that by borrowing money from the teacher's retirement system
  • System Hazardous Duty Retirement Plan.
  • into that system here in the police retirement system.
  • I know the retirement systems are set normally at 7 and 7.5% annual returns and...
  • I know that you are watching the dollars, and I know that our retirement system right now sits at $25
OK

Oklahoma 2026 Regular Session

Retirement and Government Resources REVISED Feb 17th, 2026

Retirement and Government Resources

Transcript Highlights:
  • With populations of 2,000 or less to opt out of OPERS and into different retirement systems.
  • And so the state took them over, and we funded that by borrowing money from the Teachers' Retirement
  • System hazardous duty retirement plan.
  • into that system here in the police retirement system.
  • And I know that our retirement system right now sits at about $25 billion.
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.
AZ

Arizona 2026 Regular Session

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

Public Safety & Law Enforcement

Transcript Highlights:
  • We're here because our current retirement system for Tier 3 is just not working.
  • The pension system is made up of three tiers. Tier 1 is a 20-year retirement.
  • The pension system is made up of three tiers. Tier 1 is a 20-year retirement.
  • fire incident management system out of the Peace Officer Training Fund, which is statutorily limited
  • fire incident management system out of the peace offer about funding fire incident management system
TX
Transcript Highlights:
  • That is agreed to by both the City of Austin and the Austin Firefighters Retirement Fund.
  • . ...Fund in 2021 and the City of Austin Employee Retirement Fund in 2023.
  • And I'm also, by statute, the Chair of the Austin Firefighters Retirement Fund.
  • I'm the Executive Director of the Austin Firefighters Retirement Fund.
  • I did pause. to make sure I say Austin Firefighters Retirement Fund.
Bills: SB771, SB2345, HB135, HB135
WA

Washington 2025-2026 Regular Session

Senate Ways & Means Feb 3rd, 2026 at 04:00 pm

Ways & Means

Transcript Highlights:
  • The fiscal note showed no cost for the Department of Retirement Systems, and an actuarial fiscal note
  • There's a fiscal note from the Department of Retirement Systems showing one-time costs of $11,000.
  • There's a fiscal note showing one-time costs from the Department of Retirement Systems of $18,000 to
  • Senate Bill 5834, concerning payment of expenses from the earnings of retirement system trust funds.
  • Senate Bill 5905, concerning membership in the Public Employees' Retirement System for port workers.
Summary: The Ways and Means Committee held public hearings on several bills before moving into executive session. Substitute Senate Bill 6037 would change how city-created fire protection districts affect city property tax levies, replacing the current dollar-for-dollar reduction in a city’s actual levy with a reduction in the city’s statutory maximum rate; testimony was largely supportive from the Association of Washington Cities, fire officials, and the City of Everett, while the Association of Washington Public Hospital Districts opposed it over prorationing concerns. Senate Bill 6194 would extend cost-based Medicaid reimbursement to a rural hospital on a federally recognized Indian reservation, specifically Toppenish Hospital; hospital and community representatives supported the bill as a health equity measure, citing financial losses and service cuts, while no opposition was heard. Senate Bill 5963 would automatically make Passport to Careers students income-eligible for the Washington College Grant and route Passport funds into the state financial aid account; student advocates supported it as a way to improve access for former foster and homeless youth. Senate Bill 5909 would require public baccalaureate institutions to review and report low-enrollment undergraduate programs and consider discontinuing programs with fewer than 10 graduates on average over five years; Eastern Washington University supported the bill as accountability and efficiency reform, while faculty and student representatives from other universities opposed it as unnecessary, costly, and potentially politicized. Senate Bill 5826 would require public college student health centers to provide access to medication abortion or referrals and related web information; testimony was sharply divided between supporters framing it as essential student health access and opponents raising moral, safety, and budget objections. In executive session, the committee received staff briefings on a number of bills and then took action on most of them. It advanced Senate Bills 5872, 5879, 5834 (with a substitute amendment adopted), 5835, 5905 (with a substitute adopted), 5832, 6177, 5496, 5970, 5994, 6047 (with a Trudeau amendment adopted and rolled into a substitute), and 5647 (with a substitute adopted) to the Rules Committee with due pass recommendations, generally subject to signatures. The committee also heard briefings on other measures, including fee authority for opioid treatment accreditation, pension trust fund expense authority, LEAP website changes, restrictions on single-family home ownership by certain entities, a permanent senior center property tax exemption, timber tax distribution changes, capital project administration guidelines, and a real estate excise tax exemption for affordable housing. The meeting ended after caucus and adjournment.
OK

Oklahoma 2026 Regular Session

Retirement and Government Resources 2ND REVISED Apr 7th, 2026

Retirement and Government Resources

Transcript Highlights:
  • The teacher's retirement versus law enforcement's public safety retirement is a 20-year system.
  • But currently in the teacher's retirement system, there are 200 and, I think it was 33.
  • So it'll take a while before OLERS gets... ...them into the teacher's retirement system, so it'll take
  • But currently in the teacher's retirement system, there are 200 and, I think it was 33.
  • Chairman, we have Ginger from the Oklahoma Police Pension and Retirement System here.
Summary: The Senate Committee on Retirement and Government Resources met with a quorum and first took up two executive nominations for Ben Lepak, one to serve as Secretary of State and one to serve in the governor’s cabinet. Lepak described the Secretary of State office’s work on business filings, recordkeeping, and initiative petitions, and said the office’s career staff handled those duties well. Senators asked about fairness in the initiative petition process and administrative rules; Lepak emphasized transparency and ministerial, nonpolitical administration. Both nominations advanced on 8-0 votes. The committee then considered several House bills tied largely to government transparency and purchasing oversight. House Bill 3415 would require state entities to report contracts and subcontractors, include performance metrics, publicly post contracts and assessments, and document consultant outcomes; it passed 8-0 despite concerns about a $2 million fiscal impact and added OMES workload. House Bill 3414 would require OMES to identify whether contracts are service-based and create a digital warehouse for intangible assets; it passed 6-0. House Bill 3310 would authorize OMES payment-procedure rules, require invoice legitimacy checks and a 60-day payment window, and create compliance reporting with possible budget recommendations for noncompliance; it passed 7-0 after questions about appeals and penalties. House Bill 3413, requiring agencies to include more detail on contractors and consultants in annual budget submissions, also passed 7-0. The committee also approved House Bill 2206, which moves new school resource officers into a law-enforcement retirement system rather than teacher retirement, with testimony that it would help recruit officers and would apply only to new hires; it passed 6-0. House Bill 3265, which expands who can make PTSD disability determinations for first responders to include psychologists and certain licensed mental health professionals, passed 7-0 after discussion of psychiatrist shortages and concerns about diagnostic standards. House Bill 4486, authorizing a Gold Star monument at the Capitol funded by private donations, passed 7-0. Finally, House Bill 1219, barring state agencies and schools from using state funds or resources to promote LGBTQ or Pride Month events or fly the Pride flag, generated extensive debate over its impact on outreach, public health, education, and LGBTQ Oklahomans; it passed 5-2 and the committee adjourned with notice of a larger agenda the following week.
OK
Transcript Highlights:
  • Members, this bill requires our retirement systems to cast votes in line with their fiduciary duties,
  • A lot of Retirement systems.
  • system.
  • system.
  • I only had one question: do they have the option of doing it like the teacher retirement system if they're
OK

Oklahoma 2026 Regular Session

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

Government Oversight

Transcript Highlights:
  • Members, this bill requires our retirement systems to cast votes in line with their fiduciary duties,
  • A lot of retirement systems, a lot of taxpayer dollars are turned over to these outfits, and there aren't
  • Members, HB 1739 reinstates the half-pay provision of OLERs, the state law enforcement retirement system
  • system.
  • Would they have the option of doing like teacher retirement system if they're hired through the school
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.
LA

Louisiana 2026 Regular Session

Finance May 11th, 2026

Finance

Transcript Highlights:
  • Okay, this is a bill relative to the clerk of court's retirement system.
  • The back Deferred Retirement Option Program in the Sheriffs' Pension and Relief Fund.
  • laws for the purposes of the Louisiana Assessor's Retirement Fund.
  • And so our judicial system is on the struggle bus right now with funding.
  • Non-recurring state money and state retirement system unfunded accrued liabilities? Baham.
LA

Louisiana 2026 Regular Session

Retirement May 11th, 2026

Retirement

Transcript Highlights:
  • HB 41, by Representative Vuit, provides relative to board membership of the firefighter retirement system
  • Basically, I've had some members of the fire department who are part of the retirement system, with the
  • Professional Firefighters' Retirement System.
  • Currently, they do not have a voice at all on what goes on with the retirement system.
  • I'm the General Counsel for the Firefighters Retirement System. Okay. And I'm talking about costs.
Bills: HB41
OK

Oklahoma 2026 Regular Session

Retirement and Government Resources 2ND REVISED Apr 7th, 2026 at 10:30 am

Retirement and Government Resources

Transcript Highlights:
  • system.
  • I'm the executive director of the Oklahoma law enforcement retirement systems.
  • I'm not entirely sure what the teacher's retirement system contribution for the employer is, but for
  • Only it's hard to tell how many new hires there will be, but currently in the teacher's retirement system
  • We have a Ginger from the Oklahoma Pension and Retirement System here.