Video & Transcript DataContr Research : 'public retirement systems'

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TX

Texas 2025 - 89th Regular

Pensions, Investments & Financial Services Apr 14th, 2025 at 09:04 am

House Pensions, Investments & Financial Services Committee

Transcript Highlights:
  • through the Employees Retirement System of Texas.
  • While many public retirement systems across Texas are limited
  • The bill allows the public retirement system to provide a lump sum
  • It limits eligibility to peace officers who are active members of the public retirement system whose
  • Complicated has what we just were listening to: the Texas Municipal Retirement System.
Summary: The meeting involved extensive discussions around several house bills, with notable emphasis on HB700, which aims to increase transparency in the merchant cash advance (MCA) sector. Representative McQueen provided a detailed explanation of the issues small business owners face due to aggressive tactics and lack of regulation in this area. The committee also examined HB4609, which focuses on updating the Texas Municipal Retirement System (TMRS) benefits to provide clearer options for cities regarding cost-of-living adjustments (COLA), allowing cities to offer retirement benefits in a more flexible and informed manner. Additionally, the meeting featured a strong public testimony segment, where witnesses voiced their support and concerns, especially regarding the implications of digital currencies framed in HB703.
TX

Texas 2025 - 89th Regular

Pensions, Investments & Financial Services Apr 14th, 2025 at 02:04 pm

House Pensions, Investments & Financial Services Committee

Transcript Highlights:
  • It's a system that's open to all.
  • Any financial institution, big or small, can join in this system and participate.
  • It's a very competitive system.

  • That's not the way the system works at all.
  • So the whole system is designed to accommodate the rate program.
Summary: The meeting exhibited a heated discussion on the implications of House Bills 4124, 4061, and 40. Chairman Darby emphasized the importance of reducing credit card swipe fees that adversely affect small businesses in Texas, presenting HB 4124, which aims to exempt sales tax and gratuities from being subject to these fees. Various witnesses, including representatives from the Texas Retailers Association and the National Restaurant Association, supported HB 4124, arguing that it would alleviate financial burdens on local businesses and promote economic fairness. However, several opposing voices raised concerns regarding potential complications and regulatory hurdles that could complicate the business landscape further.
TX

Texas 2025 - 89th Regular

State Affairs (Part III) Apr 24th, 2025

Senate State Affairs Committee

Transcript Highlights:
  • We want retirees to have the most money possible for retirement. They target these public pensions.
  • retirement systems to focus exclusively on providing.
  • retirement systems.
  • pension systems, the Employee Retirement System, and the
  • Teacher's Retirement System.
Summary: The meeting conducted by the committee featured an extensive discussion on multiple bills, particularly focusing on the ethics reform via SB2403, aimed at enhancing the structure and enforcement processes of the Texas Ethics Commission. The conversation revolved around establishing a three-tier system categorizing violations and enhancing procedural fairness and accountability in ethics investigations. Senator Mayes introduced a committee substitute, emphasizing the importance of ensuring that enforcement processes are transparent and just, particularly relating to minor infractions. Public testimonies in favor of the bill highlighted the need for reform, while concerns were raised about maintaining integrity in oversight mechanisms.
TX

Texas 2025 - 89th Regular

State Affairs (Part I) Apr 24th, 2025

Senate State Affairs Committee

Transcript Highlights:
  • I'm with the Public Policy Foundation.
  • Seeing and hearing none, public testimony is closed.
Summary: The Committee on State Affairs convened to discuss several significant legislative measures, notably focusing on the SJR54, which is an application for a Convention of States under Article V of the Constitution. The resolution seeks to impose fiscal restraints on the federal government, limit federal jurisdiction, and restrict terms of Congress members. The discussion included historical perspectives and current motivations behind the push for such a convention, highlighting its urgency in light of perceived federal overreach. Members engaged in a thorough debate regarding the implications of a permanent application for a convention, and several witnesses from various interest groups provided testimony both for and against the resolution.
TX

Texas 2025 - 89th Regular

Pensions, Investments & Financial Services Apr 23rd, 2025 at 10:04 am

House Pensions, Investments & Financial Services Committee

Transcript Highlights:
  • from the Employees Retirement System of Texas.
  • employee salaries to the Teacher Retirement System.
  • participate in the Teacher Retirement System in almost every way.
  • charter school, or is it just going to fund the overall wealth of the Teacher Retirement System?
  • The stability of the Teacher Retirement System.
Summary: During the meeting, the committee discussed several important bills focused on state employee pensions, the education sector, and consumer credit resources. One of the main topics was HB886, which proposes a 13th check for state retirees to help alleviate financial challenges faced by those who have not seen any pension adjustments for over a decade. The bill received support from various stakeholders who emphasized its necessity given the rising costs of living and inflation. Additionally, HB3221 was examined, addressing unequal pension contributions between traditional school districts and charter schools, which has placed undue financial burdens on charter schools since 2019. The bill aims to unify the contribution rates to ensure fairness and retain essential funding for education.
TX

Texas 2025 - 89th Regular

Pensions, Investments & Financial Services Apr 23rd, 2025 at 08:04 am

House Pensions, Investments & Financial Services Committee

Transcript Highlights:
  • Right now, the state's contribution to the teacher retirement system happens outside the foundation.
  • ...system for current and future public servants.
  • whom the teacher retirement system exists.
  • "1021" data-time="6120"> in the teacher retirement system for these peace officers working in schools
  • I'm just here as a resource witness if you have questions for the Employees Retirement System.
Summary: The meeting was focused on a range of significant legislation including discussions on retirement benefits for public safety officers and specific bills aimed at addressing current challenges in the pension systems. Representative Busey introduced HB2802, aimed at stabilizing the Austin Firefighters Retirement Fund, which received support from various stakeholders including Mayor Kirk Watson, reflecting months of collaborative effort. Testimony emphasized the need for proactive changes to prevent future financial crises in the fund. Additionally, HB4029, proposed by Chairman Guillen, generated appeals from various members about the necessity of addressing retirement needs for peace officers in public schools, linking it directly to their recruitment and retention challenges in the current environment. Issues regarding recruitment and the financial sustainability of the Houston Fire Department were also highlighted with HB2688, enabling timely action on pressing pension reform to retain skilled personnel.
TX

Texas 2025 - 89th Regular

State Affairs (Part II) Apr 24th, 2025

Senate State Affairs Committee

Summary: The Committee on State Affairs convened to address significant issues surrounding the state's public pension investments and the involvement of major financial services firms. Notably, Senator Bettencourt proposed a motion to issue subpoenas to compel testimony from BlackRock and State Street Corporation regarding their investment practices that impact Texas's public pension funds. This motion sparked discussions about accountability and transparency in investment practices, leading to a unanimous vote in favor of the motion. The committee emphasized the importance of testimony from these companies, recognizing that the subpoena power is a rare but necessary tool in legislative oversight.
TX

Texas 2025 - 89th Regular

Finance May 21st, 2025

Senate Finance Committee

Transcript Highlights:
  • benefits and helps ensure that the Texas Municipal Retirement System (TMRS) remains a viable and attractive
  • system for both current and future public servants.
  • I don't see any questions, but we have a resource witness from the Texas Municipal Retirement System.
  • It's a new tier established under the Texas Teachers Retirement System in 2014.
  • I normally oppose studies, but I know when we get into the retirement system these things need to be
Summary: The committee meeting focused on several house bills, notably those concerning environmental conservation, tax incentives for local businesses, and public safety. Key discussions revolved around HB3486, which introduces a sales and use tax incentive for restaurants purchasing Texas farm-raised oysters. Testimonies highlighted the importance of supporting local oyster farming to mitigate the decline of natural oyster reefs, and several witnesses praised the initiative for its potential environmental benefits. HB2688 also received attention, where representatives emphasized its role in enhancing public safety through improved support for police officers, echoing the community's need for stable recruitment and retention strategies in law enforcement.
TX

Texas 2025 - 89th Regular

Pensions, Investments & Financial Services Apr 7th, 2025 at 10:00 am

House Pensions, Investments & Financial Services Committee

Transcript Highlights:
  • 2574">Members, this is the bill by Representative Lujan, which relates to the administration of a retirement
  • span marker="445" data-time="2664"> ...reporting of investment practices and performance of certain public
  • retirement systems.
  • What had happened was they hacked a system, and they ended up having to close.
  • Texas, this partnership has been instrumental in crafting legislation that effectively serves the public
Summary: The meeting of the Pensions, Investments and Financial Services Committee involved detailed discussions surrounding several key bills aimed at enhancing regulatory frameworks and consumer protections. Notably, House Bill 4233, presented by Chairman Capriglione, seeks to modernize regulations for digital asset service providers by addressing earlier ambiguities in reporting requirements while enhancing accountability for the businesses involved. The testimonies from industry stakeholders, including representatives from the Texas Blockchain Council, emphasized the need for clarity and streamlined obligations that align with consumer needs. The bill passed favorably without challenges, reflecting strong support from committee members. Moreover, bills such as House Bill 3014 and House Bill 3474 were discussed, with both successfully moving forward to the full House. HB3014 focuses on fraudulent use of gift cards, while HB3474 deals with public retirement systems' investment reporting practices. The meeting noted several supportive public testimonies and demonstrated the committee's commitment to refining legislation that impacts Texas' financial landscape. Overall, the meeting was productive, indicating a collaborative effort toward regulatory updates in important sectors.
TX

Texas 2025 - 89th Regular

Finance May 14th, 2025

Senate Finance Committee

Transcript Highlights:
  • Currently, statute requires Texas public retirement systems to select an independent third party to complete
  • Retirement systems with greater than $100 million in assets report every three years, and systems between
  • I will open public testimony on House Bill 3474.
  • This time, we'll open public testimony on House Bill 5246.
  • Systems for Firefighters in certain municipalities.
Summary: The meeting covered multiple bills, primarily focusing on House Bill 2802, which relates to the Austin Firefighter Retirement Fund Pension, and House Bill 1056 regarding the establishment of gold and silver as legal tender in Texas. Senator Schwartner introduced several committee substitutes aimed at improving provisions in these bills, with the committee discussing amendments and seeking public testimony on the implications of these changes. Notably, the discussion highlighted varying perspectives on the use of gold as a currency and its constitutional implications, eliciting significant public and legislative engagement.
TX

Texas 2025 - 89th 2nd C.S.

89th Legislative Session - Second Called Session Aug 27th, 2025 at 10:08 am

Texas House Floor Meeting

Transcript Highlights:
  • Because we're increasing risk to public health by removing doctors.
  • It wouldn't be for public disclosure.
  • But this bill will turn that system upside down.
  • radio communication systems.
  • radio communication systems.
Summary: The meeting included significant discussions on several bills, with a notably vibrant debate around HB25, which seeks to authorize pharmacists to dispense ivermectin without prescription. Supporters highlighted the potential benefits for rural communities by improving access to affordable medications, while opponents raised concerns around safety and the implications of over-the-counter availability. Following extensive discussion, HB25 ultimately passed with a vote of 88 ayes to 51 nays. Additionally, HB192 and HB254 were discussed, both of which passed with strong support, marking a productive session for those advocating for the modernization of public health and infrastructure funding.
TX

Texas 2025 - 89th Regular

89th Legislative Session May 9th, 2025 at 10:05 am

Texas House Floor Meeting

Transcript Highlights:
  • of the public.
  • out of a public library.
  • System of Texas Plan 1 and the Judicial Retirement System of Texas Plan 2.
  • dedicated their lives to public service are secure in their retirement.
  • System.
Bills: HJR175, HJR88, HB21, HB49, HB216, HB346, HB573, HB565, HB954, HB1953, HB2686, HB1441, HB2734, HB1650, HB3161, HB2876, HB3185, HB3388, HB2761, HB3233, HB1186, HB1534, HB5506, HB5129, HB3619, HB778, HB2867, HB3221, HB3672, HB2434, HB4903, HB3687, HB3675, HB4609, HB4582, HB4921, HB3866, HB3901, HB4534, HB2446, HB3984, HB700, HB4012, HB4491, HB4088, HB229, HB4234, HB722, HB4136, HB4105, HB4413, HB170, HB551, HB2858, HB3053, HB3142, HB3180, HB3722, HB2200, HB1794, HB1784, HB1581, HB2530, HB4308, HB1896, HB2974, HB3359, HB4580, HB2458, HB2215, HB3332, HB2278, HB3015, HB3151, HB1368, HCR9, HCR40, HB5138, SB17, HB4944, HB2284, HB3421, SB1569, SB2420, SB1968, SB2351, SB2544, SB1490, SB1349, SB1568, SB2776, HB3531, HB2149, HB4327, HB3158, HB3717, HB4520, SB888, SB552, HB3138, HB3704, HB2921, HB4853, HB4506, HB3892, HJR161, HJR175, HJR88, HB1937, HB3334, HB5444, HB5137, HB361, HB321, HB5447, HB464, HB678, HB2294, HB4172, HB3225, HB1769, HB5394, HB1837, HB1787, HB2271, HB2440, HB5134, HB5149, HB2151, HB2073, HB2186, HB2025, HB1936, HB1777, HB1663, HB1306, HB1290, HB1527, HB4802, HB3462, HB2963, HB2462, HB2560, HB644, HB2725, HB2621, HB2588, HB1443, HB1403, HB3032, HB1557, HB1664, HB2811, HB2088, HB2598, HB3062, HB3134, HB3940, HB4027, HB4097, HB4862, HB4170, HB4157, HB4205, HB4279, HB4377, HB4838, HB5424, HB5294, HB4870, HB4763, HB5639, HB4112, HB2275, HB1677, HB5014, HB3848, HB3797, HB3727, HB3709, HB3177, HB3057, HB4176, HB4202, HB2180, HB3528, HB3658, HB21, HB49, HB216, HB346, HB573, HB565, HB954, HB1953, HB2686, HB1441, HB2734, HB1650, HB3161, HB2876, HB3185, HB3388, HB2761, HB3233, HB1186, HB1534, HB5506, HB5129, HB3619, HB778, HB2867, HB3221, HB3672, HB2434, HB4903, HB3687, HB3675, HB4609, HB4582, HB4921, HB3866, HB3901, HB4534, HB2446, HB3984, HB700, HB4012, HB4491, HB4088, HB229, HB4234, HB722, HB4136, HB4105, HB4413, HB170, HB551, HB2858, HB3053, HB3142, HB3180, HB3722, HB2200, HB1794, HB1784, HB1581, HB2530, HB4308, HB1896, HB2974, HB3359, HB4580, HB2458, HB2215, HB3332, HB2278, HB3015, HB3151, HB1368, HCR76, HCR127, HCR9, HCR40
Summary: The committee meeting covered a diverse range of bills, with a focus on public assistance program reforms and DNA collection practices regarding children in foster care. A particularly notable discussion arose surrounding HB5149, which seeks to restrict the use of DNA samples collected from minors under the oversight of the Department of Family and Protective Services. Representatives expressed significant concern about the ethical implications and previous practices of retaining DNA samples without proper consent. The bill passed with notable bipartisan support, reflecting a shared commitment to protecting the rights of vulnerable populations. The session also highlighted the passing of HB2440, aimed at maintaining vehicle choice against mandates related to emissions and environmental regulations, igniting a lively debate about the balance between environmental stewardship and personal liberties. Additionally, the meeting saw the passage of several bills addressing legal reforms in civil procedure, aiming to curb frivolous litigation and increase protections for individuals facing legal challenges. The committee's discussion was characterized by vigorous debate and collaborative efforts among members, making it an impactful session in shaping legislative priorities. Overall, the meeting concluded positively, with multiple bills set to advance in the legislative process.
TX

Texas 2025 - 89th Regular

Senate Session Mar 27th, 2025

Texas Senate Floor Meeting

Bills: SJR37, SJR57, SCR8, SB8, SB108, SB125, SB251, SB318, SB378, SB379, SB396, SB472, SB487, SB503, SB533, SB565, SB583, SB608, SB650, SB686, SB689, SB707, SB710, SB763, SB854, SB875, SB916, SB924, SB925, SB958, SB961, SB965, SB987, SB988, SB1006, SB1019, SB1021, SB1024, SB1026, SB1038, SB1146, SB1185, SB1194, SB1202, SB1252, SB1253, SB1330, SB1343, SB1362, SB1497, SB1498, SB1499, SB1527, SB1547, SB1596, SB1697, SJR36, SJR12, SJR57, SJR37, SCR22, SCR12, SCR8, SB925, SB1362, SB565, SB765, SB62, SB666, SB707, SB888, SB687, SB847, SB1248, SB504, SB857, SB305, SB296, SB284, SB1497, SB1499, SB1498, SB241, SB304, SB621, SB1023, SB1024, SB686, SB371, SB204, SB609, SB670, SB850, SB854, SB413, SB1346, SB1033, SB1220, SB1073, SB810, SB1539, SB447, SB875, SB406, SB985, SB965, SB1119, SB1505, SB1194, SB1253, SB1215, SB1302, SB856, SB583, SB673, SB681, SB1172, SB1252, SB378, SB608, SB955, SB957, SB988, SB1019, SB1021, SB1120, SB251, SB541, SB379, SB1737, SB266, SB1415, SB1527, SB125, SB599, SB1330, SB53, SB916, SB1352, SB785, SB710, SB472, SB1450, SB1502, SB1566, SB414, SB1062, SB961, SB1038, SB578, SB711, SB746, SB942, SB1404, SB1448, SB1738, SB108, SB8, SB318, SB507, SB533, SB689, SB1026, SB1349, SB1355, SB1433, SB1434, SB1596, SB1403, SB1146, SB763, SB667, SB1059, SB617, SB1567, SB503, SB16, SB310, SB311, SB396, SB505, SB1209, SB1210, SB1470, SB264, SB924, SB1029, SB1185, SB1202, SB1358, SB1364, SB1569, SB1697, SB1376, SB1228, SB519, SB878, SB1350, SB462, SB1535, SB827, SB1585, SB207, SB1207, SB1619, SB1396, SB920, SB1484, SB1273, SB1741, SB7, SB927, SB1227, SB1229, SB1353, SB1366, SB1464, SB1709, SB1729, SB1733, SB1744, SB1772, SB1816, SB1841, SB2188, SB1147, SB879, SB1008
Summary: The committee meeting was marked by an extensive discussion on multiple bills, including HB2 and SB1, which sparked debate around public safety and health regulations. Members expressed diverse opinions, with Senator Jackson voicing strong support for HB2 due to its potential to enhance community health initiatives. On the contrary, Representative Lee raised concerns regarding the implications of SB1 on small businesses, prompting a discussion that included testimonies from affected stakeholders who provided insights into the potential economic impact. Public testimony was actively encouraged, with many community members participating, sharing their perspectives, and influencing the committee's considerations.
TX

Texas 2025 - 89th Regular

Pensions, Investments & Financial Services Apr 28th, 2025 at 09:04 am

House Pensions, Investments & Financial Services Committee

Transcript Highlights:
  • system, the teacher retirement system, and the uniformed services.
  • We see you registered as Blaze Durand on behalf of the Employees Retirement System of Texas, and you
  • ...the funds that go into the retirement system?
  • retirement system.
  • system.
Summary: The committee meeting was centered on the discussion of various bills, notably focusing on House Bill 3521, which aims to enhance retention incentives for police officers in Houston. Chairman Harless opened discussions highlighting the urgency of the bill due to staffing challenges within the Houston Police Department. Testimonies were given by several members of the police department and pension fund representatives, stipulating the need for actionable changes to prevent a significant exodus of experienced officers. The bill was met with supportive testimony that underscored the precarious staffing situation and the necessity for improved retention strategies. Following deliberations, the bill remained pending for further review.
TX

Texas 2025 - 89th 1st C.S.

Senate Session (Part II) Jul 21st, 2025

Texas Senate Floor Meeting

Transcript Highlights:
  • Can you elaborate on this section and what that means for public participation?
  • Public input.
  • My concern is that, are we actually providing the public an opportunity?
  • The public, our legislators, and staff are familiar with this existing process.
  • It's an assault on the American electoral system.
Summary: The meeting centered around the discussion of congressional redistricting, where the committee established the procedures to ensure a fair and transparent process. Led by Senator King, the session focused on adopting a resolution that authorized a special committee dedicated to congressional redistricting and allowed for regional hearings to gather public input via videoconferencing. Concerns were raised about ensuring adequate notice for public participation, especially from marginalized communities potentially affected by proposed changes. Disagreements emerged regarding the timeline for regional hearings and how to address the implications of the redistricting process on minority districts. Overall, participants acknowledged the complex nature of redistricting and the importance of engaging constituents in the legislative process.
TX

Texas 2025 - 89th 1st C.S.

Senate Session (Part II) Jul 21st, 2025

Texas Senate Floor Meeting

Transcript Highlights:
  • Can you elaborate on this section and what that means for public participation?
  • There were 12 hearings where people were able to provide public input.
  • The public, our legislators, and staff are familiar with this existing process.
  • This is in order to focus our efforts on receiving input from the public on the subject matter of the
  • ample public notice of any regional hearings, bills, and
Summary: The meeting focused primarily on the congressional redistricting resolution prompted by the governor's request due to constitutional concerns flagged by the U.S. Department of Justice. Members discussed the procedural steps necessary to establish a special committee on congressional redistricting, emphasizing the need for transparency and public participation. Concerns were raised about the limited number of planned regional hearings and the implications for community input. A strong commitment to include public testimony through both in-person and virtual means was stated, ensuring that Texans can engage with the process regardless of their geographical location. Discussions included the necessity of adopting prior successful procedures similar to those in past sessions, with an acknowledgment of the unique challenges posed by current legal requirements. Members expressed varying viewpoints on balancing the need for thorough public participation while addressing logistical challenges inherent in the redistricting process. Overall, the meeting demonstrated a collaborative atmosphere aimed at crafting a fair and lawful redistricting plan while acknowledging the diverse opinions of constituents throughout Texas.
TX
Transcript Highlights:
  • Systems and other preparedness infrastructure in flood-prone
  • Which began in early July 2025, including local match funding for jurisdictions eligible for FEMA public
  • >

    Legislation that protects law enforcement officers from public

Summary: The meeting of the 89th Legislature featured discussions primarily centered around several key bills, including SB648 concerning protections against title theft and deed fraud, SB1253 which addresses impact fees for builders incorporating water conservation measures, and SB2878 related to the administration of the judicial department. The session began with a prayer acknowledging the devastating floods that affected Central Texas, followed by a message from Governor Greg Abbott calling for the special session. Members engaged in robust debates on the importance of the proposed legislations, particularly focusing on community recovery efforts following recent natural disasters. Public testimonies were elicited, highlighting the varied perspectives on the bills under discussion and underscoring the significance of legislative action in response to constituents' needs.
TX

Texas 2025 - 89th Regular

Environmental Regulation Mar 27th, 2025 at 10:03 am

House Environmental Regulation Committee

Summary: The meeting included significant discussions on multiple bills, focusing on environmental concerns and public safety. Key agenda items included HB2546, which aims to extend eligibility for certain school buses under the Clean School Bus Program, and SB4, which received testimony from various stakeholders supporting its passage. Members engaged in spirited debates about the implications of the legislation, particularly the impact on local communities and resources. Notably, instances of public testimony provided valuable insights, reflecting community perspectives that were both in favor and against the proposed measures. The committee chair facilitated discussions, ensuring that each member had the opportunity to voice their concerns and opinions.

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