Public streaming link (LCPR YouTube Channel): https://www.youtube.com/watch?v=HcimxJOCJIc
 

1. Introductions
   • List of Participants
      
2. Overview of Work Group Mandate
   • 2026 Session Law
     • Susan Lenczewski, Executive Director, Legislative Commission on Pensions and Retirement (LCPR)
        
3. Election of Chair or Co-Chairs of the Work Group
   • Staff Memo on Election of Chair or Co-Chairs
     • Aleena Wilson, Analyst, LCPR
        
4. Staff Proposal: Conduct a survey of relief associations   
   • A survey is needed to collect the following information that is required by the session law:

how many fire departments, whether affiliated with a relief association or participating in the SVF, have emergency medical providers who solely perform that function, how many of these emergency medical providers are in each fire department, and the funded status of the affiliated relief association or SVF account.

       - Susan Lenczewski
 

5. Staff Research on Vesting Schedules and Retention
   • Aaron Goodman, Guillermo Carranza, Fiona Greig, Kelly Hahn, Does 401(k) vesting help retain workers?, Vanguard (Feb. 2025)
   • Paul Mulholland, Do Vesting Schedules Enhance Retention, American Society of Pension Professionals & Actuaries (Mar. 3, 2025)
   • Samantha J. Prince, Timothy G. Azizkhan, Cassidy R. Prince & Luke Gorman, The Effects of 401(k) Vesting Schedules--in Numbers, The Yale Law Journal Forum (Sept. 27, 2024)
   • Samantha J. Prince, Timothy G. Azizkhan, & Rebecca Hatton, Response to IRS Seeking Comments for Priority Guidance 2025-2026 (May 27, 2025)
      
6. Discussion of Future Meeting Dates and Times
    
7. Adjourn

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