Video & Transcript Research : 'state pension funds'

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LA

Louisiana 2026 Regular Session

Retirement May 5th, 2026

Retirement

Transcript Highlights:
  • It deals with out-of-state police service as a recruiting tool so that local police departments can better
  • Teachers and other school employees, particularly teachers, though, have leave requirements in state
  • Compared to what the state would save on, you know, with having whatever, three years left in a term
  • My name is Travis McWing with Louisiana State Employees Retirement.
  • Compared to what the state would save on, you know, with having whatever, three years left in a term
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:
  • Depending on per pension, or your per pension fund, I think the total of all the pension funds for increase
  • No other pension system gets that in the state of Oklahoma. Yes, that is correct.
  • Is this modeled after some other states' pension system? I wouldn't say modeled.
  • There are no other pensions that are running this way in the state.
  • They have really gotten the pension system to a better funding level.
TX

Texas 89th Regular

Pensions, Investments & Financial Services Apr 23rd, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • The Austin Firefighter Pension Fund.
  • pension fund. over a billion dollars in the state of Texas.
  • costs, and growing fund assets as the pension moves forward towards a 100% funding ratio.
  • Again, I want to emphasize that this pension fund is the best performing pension fund, with over a billion
  • The lowest liability layers in the state of Texas for any pension fund that has... assets totaling over
TX

Texas 89th Regular

Pensions, Investments & Financial Services Apr 23rd, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • So, I was eager to work for the state of Texas largely because of the pension and health benefits that
  • It would cost a small fraction of the available funds in the state surplus, but it would make a meaningful
  • to pay any additional benefits, the pension fund must be sound.
  • plans like ERS are required to adopt a pension funding policy.
  • as opposed to asking the pension plan to look for funds within the trust fund itself to finance those
AZ

Arizona 2026 Regular Session

03/25/2026 - House Ways & Means

Ways & Means

Transcript Highlights:
  • Senate Bill 1042 allows members of the state treasurer or a state retirement system to invest in virtual
  • fund.
  • They're permissive and give the state and these funds the ability to make these determinations if they
  • fund.
  • and these funds the ability to make these of term. and give the state and these funds the ability to
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
  • We've seen this successful in other states.
  • Senate Bill 1985 creates the Strategic Pension Protection Act.
  • Keep in mind that this is strictly for pension systems only.
  • revenue and state aid.
AL

Alabama 2025 Regular Session

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

Ways and Means General Fund

Transcript Highlights:
  • So, um, and a lot of states have limited it to just approved funds that can invest on behalf of the investor
  • Isn't that pretty risky for the state to ... Isn't that pretty risky for the state to be invested?
  • In this bill, up to 10% of a fund ... ...in this bill, up to 10% of a fund that they're investing in.
  • So the state would be made...
  • And this would require the state to... And this would require the state to do the same thing.
OK
Transcript Highlights:
  • But the 4% versus 6% is that based off of the value of the fund?
  • For our pension systems? Thank you.
  • This is a request bill from the Police Pension Board.
  • Which was removed in 2012 to help shore up pension plans.
  • To paint the picture, our pensions receive funds off the top to the tune of hundreds of millions of dollars
OK

Oklahoma 2026 Regular Session

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

Government Oversight

Transcript Highlights:
  • Is this currently a problem for our pension systems? Thank you.
  • And so you agree then that the The pensioners is paramount.
  • This is a request bill from the Police Pension Board.
  • We have this on pension bill over and over and over.
  • Four of our pensions receive funds off the top to the tune of hundreds of millions of dollars, and so
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.
OK

Oklahoma 2026 Regular Session

Retirement and Government Resources Apr 14th, 2026

Retirement and Government Resources

Transcript Highlights:
  • state pension systems.
  • pensions. ...resolutions came from Republican-managed state pensions.
  • We have instances, I will admit, very specific instances where some state pension boards have gone astray
  • I think it's putting people on notice that in Oklahoma, all of our pension funds are to be, all the investments
  • I think it's putting people on notice that in Oklahoma, all of our pension funds are to be, all the investments
Summary: The Senate Committee on Retirement and Insurance met and first passed House Bill 3057, which removes obsolete statutorily required reports identified in a Loft review to streamline agency reporting requirements. Senator Kirt asked whether any agency functions were being eliminated, and Senator Rader said some reporting-related functions would no longer be required, citing the organized retail crime task force final report as an example. The bill passed 7-0. The committee then unanimously confirmed Marla Tharp to another four-year term on the Board of Trustees of the Teachers’ Retirement System of Oklahoma, with members discussing her service, the system’s unfunded liability, and her long career in school administration. After that, House Bill 3279 passed 9-0. That measure raises the conflict-of-interest certification threshold to contracts of $25,000 or more, bars involved officers or employees from taking jobs with the winning contractor for one year, and clarifies that another person may sign for a director. Senators asked how broadly the restriction applies and whether the change addressed existing loopholes. House Bill 4428 also passed, 7-2, after debate and amendment. The bill directs pension boards and proxy advisors to focus on pecuniary factors in investment and proxy voting decisions, while limiting reliance on non-pecuniary considerations unless they affect financial risk or return. Amendments added language requiring entities to be headquartered and operate in the United States and aligned the bill’s investment-purpose language with existing statute. Senator Kirt opposed the measure, arguing it could unduly limit long-term considerations and proxy voting. Finally, House Bill 3420 passed 8-0. Described as part of a bipartisan effort informed by the state auditor and Loft, it makes several changes to the Oklahoma Central Purchasing Act, including limiting pilot procurement testing to one year, removing flex benefit plan acquisitions from certain bidding exemptions, clarifying that professional services need not be bid, and posting sole-source and sole-brand reports on the OMES website instead of sending them to legislative leadership. Senators questioned several deletions and additions, and the author said the bill was intended to clean up procurement rules and reduce opportunities for waste or abuse.
OK

Oklahoma 2026 Regular Session

Retirement and Government Resources Apr 14th, 2026 at 10:30 am

Retirement and Government Resources

Transcript Highlights:
  • If you look on page two, that is clarified as a state officer employee.
  • in our state.
  • pensions.
  • We have instances, I will admit, very specific instances where some state pension boards have gone astray
  • I think it's putting people on notice that in Oklahoma, all of our pension funds are to be all the investments
MN

Minnesota 2025-2026 Regular Session

House Ways and Means Committee 5/18/25

Ways and Means

Transcript Highlights:
  • I'm new to this space and the pensions.
  • I've been in and the pensions.
  • </c><00:04:29.040><c> um</c> space as well as the state patrol. um space as well as the state patrol.
  • on behalf of these state agencies.
  • </c> pension adjustment revenue line. pension adjustment revenue line.
Bills: SF2884, HF1889
OK

Oklahoma 2026 Regular Session

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

Retirement and Government Resources

Transcript Highlights:
  • But, but basically, this bill does expand the state pensions to include these smaller towns.
  • A lot of people don't know this, but how this is primarily funded for those pensions is through the state
  • So, the state is making a substantial contribution to these two pension systems every year.
  • to fund these pensions.
  • It is now the predominant funding source for these pensions is the state insurance premium tax, which
TX

Texas 89th Regular

Pensions, Investments & Financial Services Mar 31st, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • , or better known as the Fund.
  • It's locally managed, funded by member and city contributions, and operates independently of the state
  • , which I'll refer to as the Fund.
  • The Fund is very much like a pension fund and is governed by a nine-member Board of Trustees, funded
  • Upon qualifying for retirement pension from the San Antonio Fire and Police Fund, retirees and their
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?
  • where we were one of many investors in that investment fund.
  • You know, different government employees that get pensions.
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:
  • , and Aviation Revolving Fund.
  • Members, this consolidates several funding streams into the revolving fund 4045 creates.
  • Members, Senate Bill 1157 is funding to establish a cyber crimes and fraud unit within the Oklahoma State
  • over 100% funding in the pension, we were able to scale back some of the state subsidy for that said
  • pension system.
OK

Oklahoma 2026 Regular Session

Joint Committee on Appropriations and Budget 3rd Revised Apr 13th, 2026 at 04:30 pm

Joint Committee on Appropriations and Budget

Transcript Highlights:
  • This bill is also a cost of living adjustment for the police pension fund. It's a.
  • When the state took over the fire and police pensions from the municipalities, there's a gap in there
  • So, were most of these funds being distributed through the state formula? Thank you, Senator.
  • to the roads and the State transportation funds.
  • I believe I understand where you're going with this, and so it'll be used to fund help Better fund state
OK

Oklahoma 2026 Regular Session

Joint Committee on Appropriations and Budget Apr 13th, 2026

Joint Committee on Appropriations and Budget

Transcript Highlights:
  • , and Aviation Revolving Fund.
  • Members, this consolidates several funding streams into the revolving fund House Bill 4045 creates.
  • Authorizes $215 million from the Legacy Capital Fund for the Oklahoma State Bureau of Investigation to
  • Members, Senate Bill 1157 is funding to establish a cybercrimes and fraud unit within the Oklahoma State
  • But now that we've reached over 100% funding in the pension, we were able to scale back some of the state
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.
  • State Police has sunsetted that and moved into the PBI account that we are currently doing pre-funding
  • by increasing the funding cap from 2.5 to 3.5 percent.
  • under the State Police Commission.
  • 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.
TX
Transcript Highlights:
  • Despite this, no formal nor state-administered program provides funding for non-profit organizations
  • That time the fund... ...set the fund at $393.75 million to 2025.
  • This is the Austin Firefighter Retirement Fund Pension, a bill that's been agreed to by the parties.
  • At that time, some of our state pension funds and endowment funds were investing in gold.
  • We have electronic funds. Transfer Act and Reg E, Electronic Funds Transfer Agreements.