Transcript Highlights:

• The, the thinking behind 30% is this was the recommendation of the Judicial Conduct, uh, Compensation
• Uh, members, there is a representatives from the judicial com uh compensation committee here.
• As we mentioned, the Judicial Compensation Commission is requesting a 30% salary increase to the base
• Um, we appreciate the efforts to increase judicial compensation.
• The inferior compensation is a primary driver of persistently high turnover in these positions.

Transcript Highlights:

• and your final compensation.
• <00:35:55.520> and<00:35:55.760> your part of your uh compensation and your part of
• your uh compensation and your high<00:35:56.480> three.
• and um but school systems compensation and um but school systems can<00:36:28.320> continue<00
• <00:37:08.160> and<00:37:08.320> and their final compensation and and their final compensation

Keywords: Meeting Start: 00:05 Attendance Roll Call: 00:10 SB 70 Discussion: 00:58 SB 70 Vote: 04:36 SB 80 Discussion: 05:16 SB 80 Vote: 31:45 SB 127 Discussion: 32:30 SB 127 Vote: 39:38 SB 154 Discussion: 41:25 SB 154 Vote: Adjournment: 47:14, 958, all

Summary: The committee first considered Senate Bill 70, which would modify the Public Pension Oversight Board by adding one House member and one Senate member, automatically placing the House and Senate chairs of state and local government on the board, adding the state treasurer, broadening who the Speaker and Senate President may appoint, and reducing the governor’s board appointments from two to one. After a brief procedural correction about a committee substitute, the bill was explained and then passed by a 9-0 favorable vote. The committee then heard Senate Bill 80, a constitutional amendment to restore voting rights to people with felony convictions after they complete imprisonment, probation, and parole, while excluding certain offenses such as election fraud, violent felonies, sex offenses, and crimes against children. The sponsor and Senator Herron argued that Kentucky’s current system is confusing and leaves the state as one of the few with lifetime disenfranchisement, while witnesses from the Sentencing Project, the League of Women Voters of Kentucky, and an advocacy group for people with lived experience supported restoration but urged a simpler, broader, automatic approach without offense-based carveouts. Committee members raised questions about implementation, clerk guidance, and how the proposal interacts with expungement and gubernatorial pardons; one senator specifically asked whether serious offenders, including child rapists, would regain voting rights under a broader version, and the witness answered yes. The bill passed with a favorable expression by an 8-1 vote. The transcript then began discussion of Senate Bill 127, also sponsored by Senator Hickden, but the exchange was cut off before the bill was fully explained or any vote was taken.

Transcript Highlights:

• It also adds an administrative process and a compensation fund for victims, so I will go through each
• The Survivor's Justice Compensation Fund is a...
• The Survivor's Justice Compensation Fund is a The Survivor's Justice Compensation Fund is outlined starting
• I think the compensation fund is a very smart idea. I have a couple of suggestions.
• The compensation fund is a very smart idea.

Bills: HJR6, HJR7, HB120, HB60, HB151, HR1, HM13, SB40, SB104

Keywords: constitutional amendment, legislative sessions, veto override, New Mexico legislature, session length, legislative session, even-numbered years, New Mexico Constitution, student behavior, physical restraint, seclusion, public schools, training, de-escalation, student safety, behavior interventions, criminal offenses, peace officer, Victims of Crime Act, law enforcement

Transcript Highlights:

• <00:07:59.840> support for the great start compensation support for the great start compensation
• <00:16:37.759> payments start compensation payments start compensation payments program.<00
• <00:17:44.799> support<00:17:45.120> payments compensation support payments compensation
• :42.080> Program Compensation Support Payment Program Compensation Support Payment Program provides
• <01:36:27.920> support payments in the compensation support payments in the compensation support

Bills: HF2436

Keywords: child welfare, economic assistance, child care, grant program, video security cameras, 1183, house

Transcript Highlights:

• You get workers' compensation if you get hurt at work.
• <00:04:45.360> if<00:04:45.440> you off you get Workers Compensation if you off you
• get Workers Compensation if you get<00:04:46.280> uh<00:04:46.479> hurt<00:04:46.800><
• Minnesotans lost billions of dollars in compensation, while the state government loses over a billion
• These 316,000 workers lost between $2.9 billion and $6.2 billion in compensation through losses such

Keywords: 1183, house

Transcript Highlights:

• fund was created to spread the risks so patriotic employers didn't carry the burden of workers' compensation
• Workers' compensation is governed, and the decisions are made by the Workers' Compensation Appeals Board
• to shift entirely onto individual vehicle owners, many of whom lack the financial resources to compensate
• So as stated, the bill does allow employees to take time off for workers' compensation appointments as
• So as stated, the bill does allow employees to take time off for workers' compensation appointments as

Keywords: 988, house, all

Summary: The Assembly Insurance Committee met without a quorum at first, then later established one and heard several bills. The main discussion centered on AB 1795, which would create statewide standards for inspecting, testing, and remediating wildfire smoke damage in homes. The author and Insurance Commissioner Ricardo Lara argued the bill would provide science-based, health-driven rules and clearer claims handling for wildfire survivors. Consumer groups and insurers generally supported the goal but sought further amendments, warning about cost, scope, and possible conflicts with existing standards; fire survivors urged stronger protections and broader coverage. The committee ultimately voted to pass AB 1795 as amended to Appropriations, with members later adding their votes on call. The committee also heard AB 1576 on the Subsequent Injury Benefit Trust Fund, which the author said would reduce litigation and employer assessments while preserving protections for previously disabled workers. Supporters said the bill was a needed reform, while business, public entity, and insurance opponents argued it did not address the fund’s structural problems and that a trailer bill would be a better fix. AB 1576 was passed to Appropriations on a split vote, also held open for later additions. AB 1931, creating a limited lines license for utilities to offer home protection products, drew broad support and no opposition in the room; it passed to Appropriations. AB 2361, dealing with peer-to-peer vehicle-sharing platform liability, passed as amended to Appropriations after supporters said it would align liability with fault and opponents warned it could reduce accountability for serious injuries. The committee also heard AB 2098, which would require employers to allow leave for workers’ compensation medical appointments during work hours, subject to notice and business-necessity limits. Labor supporters said workers should not have to choose between treatment and their jobs, while employer and insurance groups sought narrower standards and objected to some language. AB 2098 passed to Appropriations. The consent calendar, including AB 2054, AB 2061, AB 2292, and AB 2724, was also approved and sent to Appropriations. Members repeatedly added votes after the roll was held open, and the committee adjourned after all items were processed.

Transcript Highlights:

• probate code and designates such enforcement proceedings as extraordinary services for purposes of compensating
• Senate Bill 618 on workers' compensation insurance by Senator Trudeau.
• It amends the membership of the Board of Florida Workers' Compensation Guarantee Association to specifically
• Robert Ray's Florida Workers' Compensation Guarantee Fund, waiving in support.
• Robert Hawkin, Florida Workers' Compensation Joint Underwriting Association, waiving in support.

Summary: The Senate Committee on Banking and Insurance met with a quorum present and heard a full agenda of bills, most of which were reported favorably. Early in the meeting, SB 1000 on trust fund interest for attorney trust accounts was explained as setting a floor and ceiling tied to the Wall Street Journal prime rate and passed without objection after supportive testimony from banking and credit union groups. The committee then took up CS/SB 1082 on a statewide provider and health plan claim dispute resolution program; the sponsor described it as a way to move emergency out-of-network payment disputes away from costly litigation and into an independent dispute resolution process modeled on the federal No Surprises Act. A proposed amendment drew significant questions from senators and concerns from the Florida Insurance Council about confusion over state versus federal eligibility and possible effects on contracted rates, and the sponsor ultimately withdrew the amendment. The underlying bill was then supported by health care and insurance stakeholders and reported favorably. SB 684 on electronic signatures for total loss vehicles and vessels also passed, with Progressive Insurance waiving in support. The committee next approved CS/SB 158 on pet insurance, which requires continuing education for agents, clearer consumer disclosures, and annual reporting to OIR; the amendment was technical and adopted. SB 1494 on breast cancer screening coverage was presented as expanding required coverage for mammograms and supplemental screenings for certain insurance products, and it passed with support from cancer and radiology groups. CS/SB 314 on digital asset issuers was amended to create a Florida framework for payment stablecoin issuers consistent with the federal GENIUS Act, allowing state-level regulation as an alternative to federal supervision, and was reported favorably. SB 1500 on uncontested probate proceedings, including higher small-estate thresholds and clearer authority for personal representatives, also passed after a banking-related amendment requiring letters of administration for safe deposit box access was adopted. Later, the committee approved CS/SB 618 on workers’ compensation insurance, which raises the consent-to-rate cap for workers’ comp policies from 10% to 20% and adjusts the Florida Workers’ Compensation Guarantee Association board membership; a carrier representative testified that the change would help keep more high-risk accounts in the voluntary market. CS/SB 1568 on a Florida Stable Coin Pilot Program was amended to remove authority for DFS to create a Florida coin, limit the pilot to existing stablecoins with at least $1 billion market capitalization, and require qualified public deposit handling; it then passed. CS/SB 838 on electronic payments for retail installment contracts clarified that convenience fees for electronic payments are permissible while preserving a fee-free option, and it was reported favorably after questions about consumer access to free payment methods. SB 1452, the Department of Financial Services agency bill, made a wide range of administrative changes affecting My Safe Florida Home, unclaimed property, licensing, bail bonds, and other DFS functions; a late-filed amendment on title insurer appointments was adopted, and the bill passed. The committee also approved SB 1706 on the My Safe Florida Condominium Pilot Program, targeting condo hardening assistance to owner-occupied units meeting income and occupancy criteria, and SB 990 on protected cell captive insurance companies, which the sponsor and industry witnesses said would modernize Florida law and promote insurance competition and economic activity. The meeting ended with all bills on the agenda reported favorably and the committee adjourning without objection.

Transcript Highlights:

• Seventy-six percent of CSU spending is employee compensation, and 10% is financial aid.
• But the compensation for our president continues to soar.
• In fact, her total compensation package is now $722,000 for the year.
• We heard today about linking executive compensation to enrollment.
• We heard today about linking executive compensation to enrollment.

Summary: The Assembly Budget Subcommittee on Education Finance held an oversight hearing on the California State University system covering enrollment, core operations, Title IX/civil rights, and basic needs. The Department of Finance said the Governor’s 2026-27 budget does not change CSU enrollment targets from the prior year and proposes a 5% ongoing General Fund increase for core operations as the final year of the compact. The Legislative Analyst’s Office recommended a lower resident undergraduate enrollment target than the Governor’s proposal, separate funding for enrollment growth rather than folding it into base, a smaller or no base increase tied more closely to inflation, earmarking some base funds for capital renewal, retiring deferred payments, and avoiding new multi-year compact commitments. CSU said enrollment has rebounded for three straight years, but growth is uneven across campuses, with several Northern California campuses still facing structural declines tied to demographics and community college pipelines. CSU described a multi-year reallocation plan shifting about 10,000 FTE and $89 million in ongoing funding toward higher-demand campuses, plus $40 million in one-time support, and said seven campuses submitted turnaround plans aimed at recovering enrollment over the next several years. The system highlighted strategies such as dual enrollment, guaranteed admission pathways with community colleges, outreach to high school students, retention and advising efforts, and new degree models for working adults and military-connected students. Members raised questions about how campus targets are set, whether the May Board of Trustees discussion will address a systemwide enrollment framework, and how CSU will manage future deficits if projected out-year funding does not materialize. On core operations and facilities, CSU said it faces about $320 million in mandatory cost increases in 2026-27 and is pursuing shared services, procurement consolidation, campus administrative sharing, and program redesigns to reduce costs. CSU and the LAO emphasized the system’s large deferred maintenance backlog, estimated at $8.6 billion, and discussed whether CSU’s bond/debt capacity is sufficient to address it; CSU requested up to $1.1 billion for deferred maintenance, while the administration did not propose new funding. The committee also heard CSU’s annual Title IX and civil rights update: CSU said it has implemented 15 of 16 State Auditor recommendations, has dedicated Title IX coordinators at every campus, is using a systemwide case management dashboard, and is piloting centralized investigations at five campuses. Finally, on basic needs, the Governor maintained current funding levels for food assistance/basic needs, rapid rehousing, and mental health. CSU reported heavy use of food pantries, CalFresh support, emergency housing, and counseling services, while warning that federal changes to CalFresh and related funding could make it harder to serve students in need.

Transcript Highlights:

• , uh, you all have focused on building the educator workforce by providing strong increases in compensation
• invested around $730 million in additional recurring funding for public school, uh, personnel compensation
• And figure 2 on page 2 has the annual percentage increases in compensation you all have enacted in the
• , with a 4% increase to compensation in FY 26 compared to between 10 and 14% increases in premiums uh
• So, while you all have been increasing compensation and stabilizing NIMSA's fund balance, NISA has been

Transcript Highlights:

• we also learned from the visit that sometimes owner-operators may come back and seek workers' compensation
• what happens in practicality is there is a lease agreement entered into that may address workers' compensation
• lease agreement that states they are responsible for their own employees when it comes to workers' compensation
• agreement with a motor carrier and comes back and says, you know what, I'm entitled to workers' compensation
• , or the family comes back and says, I'm entitled to workers' compensation. ...workers' compensation.

Bills: SB215, SB1104, SB1351, SB1931, SB2245, SB2589, SB2707, SB2807, SB1423, SB1568

Keywords: education, funding, school districts, local control, equity, digital identification, identity verification, Department of Public Safety, Texas legislature, wireless communication, Texas, technology, identification program, fee structure, wireless devices, public safety, hunting license, handgun license, fingerprinting, dealer license

Transcript Highlights:

• But we are not compensated by the state. But we are not compensated by the state.
• It has come to be an inquiry as to the extent of why the legislature has capped the compensation for
• But in looking at those amounts, we certainly want to make sure that the compensation flows fairly.
• I just know I've been helping with Budget 160 and the amounts that are compensated to the counties for
• "One related to prosecuting and county attorneys' compensation.

Keywords: 916, all

Transcript Highlights:

• It also redefines earnable compensation so that it includes payout compensation for sick and vacation
• <00:25:57.760> and<00:25:57.960> also compensation and also compensation and also I<00:
• <00:27:40.200> to definition of earnable compensation to definition of earnable compensation
• <00:34:36.599> over would eliminate the compensation over would eliminate the compensation
• One definition ends, um, for earnable compensation. So it would be compensation.

Keywords: 928, house, all

Summary: The committee took up House Bill 2 provisions affecting the New Hampshire Retirement System, focusing on Group 2/Tier B retirement changes in pages 25 through 39 of the bill. NHRS Executive Director Jan Goodwin and deputy chief counsel Mark Kavanaugh explained that the 2025 bill is largely similar to prior versions and to HB 727, with the main difference being that the 2025 version does not include the earlier increase in the maximum benefit. They also said the fiscal note for HB 2 is based on earlier actuarial work and that an updated valuation was expected later in the week. A major topic was whether the bill accidentally removed an anti-spiking or special-duty compensation limit. NHRS said the omission appears to be a scrivener’s error caused by moving language between Group 1 and Group 2 definitions, and they planned to flag it in the fiscal note. Members also reviewed the bill’s intent to restore Tier B members to pre-2011 benefit rules, including changes to earnable compensation, average final compensation, and the comp-over-base rule. Some members questioned whether restoring those older rules was appropriate, arguing the 2011 changes were meant to curb pension spiking and that undoing them could be problematic. The committee also discussed the bill’s cost and funding assumptions. NHRS said the 2025 bill would reduce unfunded actuarial liability by about $98.2 million and would have a more favorable effect than the 2023 version, while employer contribution impacts would remain relatively small. Members noted the bill assumes annual appropriations of $27.5 million for 10 years, but House Bill 1 currently provides only $5 million in the first year, and NHRS had not yet analyzed the effect of that shortfall. No votes were taken in the portion provided; the discussion was informational and focused on clarifying the bill’s language, intent, and fiscal impact.

Transcript Highlights:

• years and eliminating the compensation years and eliminating the compensation over<04:54:17.920>
• final compensation.
• <05:11:08.400> in higher of the earnable compensation in higher of the earnable compensation
• calculating average final compensation calculating average final compensation but<05:11:17.360><
• currently subject to the compensation currently subject to the compensation over<05:13:02.400>

Keywords: 1189, house, all

Summary: The committee first took up House Bill 187, which would allow parents or guardians to seek restraining orders on behalf of a minor child even when the alleged perpetrator is not a family or household member. Tracy Sirles testified that the bill was prompted by her family’s experience after being told by state police to seek a restraining order, only to learn the current law did not allow it because the offender was the child’s best friend’s father. Members agreed the change was straightforward, noted the fiscal note reflected only a small indeterminate cost to the judicial branch, and moved House Bill 187 ought to pass; the motion was approved unanimously. The committee then discussed House Bill 66, a Right-to-Know bill that removes “citizen” language in favor of “person” in some provisions and allows certain New Hampshire-connected requesters to seek records electronically if the records already exist in that format. Members reviewed concerns about defining “member of the media,” the scope of electronic requests, and a sentence stating appeals would have no filing fee or search charge. After debate, the committee voted to amend the bill by removing that fee-waiver sentence, then recommended House Bill 66 ought to pass as amended. The vote was 6-3. Next, the committee heard from the Environment and Agriculture chair about several solid-waste-related bills being folded into trailer bill language, including House Bill 215 and House Bill 171, with discussion of a possible three-year landfill moratorium and the need to address DEES staffing and funding concerns. DEES later clarified that the revised approach would not require new positions or create a fiscal impact because the new solid waste commission would be self-funded through filing fees. The committee voted unanimously to retain House Bill 215. Finally, the committee considered House Bill 566, which requires landfill permit applications to include a detailed leachate management plan and more information about disposal contracts. The sponsor said the bill was developed with DEES to address leachate problems and improve safety oversight. DEES testified that the bill largely reflects current practice and would have no specific fiscal impact, with existing staff able to absorb any review workload. The committee moved House Bill 566 ought to pass, and the motion was approved unanimously. The committee also briefly discussed House Bill 624, a grant program for local river management advisory committees, but no vote was taken in the portion provided.

Transcript Highlights:

• And will I be compensated in a way that helps me take care of my family from here forward?
• And we're standing strong for our teachers in ways beyond just compensation and beyond safe and orderly
• Those cost drivers that are beyond... ...compensation for employees.
• It would work just the same as how compensation and allotments travel today.
• We've been listening to what they've been telling us on safety, on compensation, and on validation from

Bills: HB2, HB6, HB18, HB43, HB138, HB180, HB300, HB581, HB647, HB748, HB762, HB1240, HB1393, HB1397, HB1584, HB1734, HB2011, HB2254, HB2286, HB2434, HB2467, HB2468, HB2495, HB2516, HB2518, HB2529, HB2564, HB2712, HB2713, HB2715, HB2765, HB2898, HB3146, HB3161, HB3348, HB3800, HB4044, HB4341, HB4370, HB4384, HB4386, HB4396, HB4490, HB4809, HB5057, HB5323, HB5534, HB5668, SB203, SB317, SB719, SB731, SB801, SB867, SB1071, SB1232, SB1798, SB2082, SB2363, SB2603, SB2607, SB2717, SB2797, SB2841, SB2919, SB3038, SJR5, SB4, SB9, SB21, SB23, SB27, SB34, SB40, SB75, SB213, SB458, SB482, SB493, SB647, SB648, SB840, SB841, SB843, SB912, SB1241, SB1253, SB1350, SB1388, SB1423, SB1535, SB1559, SB1709, SB1789, SB1951, SB2037, SB2143, SB2155, SB2544, SB1, SB17, SB260, SB509, SB1506, SB1637, SB1833, SB2308, HB2525, HJR133, HB1393, HB26, HB388, HB2712, HB1633, HB685, HB2286, HB1606, HB1458, HB1240, HB2791, HB3146, HB1397, HB2061, HB647, HB4738, HB2563, HB128, HB581, HB766, HB2259, HB2358, HB4384, HB748, HB1734, HB5180, HB3806, HB3804, HB3803, HB1522, HB3597, HB1612, HB4224, HB1314, HB1237, HB3126, HB2856, HB3114, HB3505, HB5652, HB2025, HB3395, HB2495, HB18, HB2516, HB2713, HB24, HB519, HB609, HB1592, HB3348, HB120, HB6, HB1533, HB2421, HB2273, HB2464, HB2011, HB5057, HB5084, HB5534, HB5668, HB3424, HB2715, HB2564, HB2765, HB2898, HB3800, HB4396, HB4341, HB43, HB5686, HB2467, HB2468, HB2518, HB4310, HB4386, HB4490, HB180, HB5323, HB2, HB149, HB4945, HB2434, HB2529, HB3161, HB3745, HB4044, HB5155, HB5667, HB4996, HB2697, HB2492, HB2355, HB2282, HB2001, HB1902, HB1866, HB1445, HB1443, HB1306, HB1024, HB908, HB305, HB285, HB449, HB171, HB47, HB3464, HB2637, HB4263, HB5436, HB4429, HB3986, HB3966, HB3510, HB2560, HB2026, HB2688, HB4076, HB5246, HB3487, HB3486, HB4226, HB216, HB742, HB2402, HB143, HB5033, HB4413, HB4042, HB2440, HB4426, HB49, HB4112, HB3233, HB2310, HB5515, HB3627, HB2674, HB322, HB1481, HB126, HB3062, HB3421, HB3180, HB2530, HB2524, HB1916, HB3153, HB5650, HB4894, HB3120, HB1629, HB103, HB3234, HB3680, HB5698, HB3171, HB5693, HB2694, HB5664, HB3732, HB2508, HB2293, HB1991, HB2014, HB5331, HB5247, HB4751, HB4690, HB4668, HB4464, HB4395, HB4063, HB3833, HB3623, HB3214, HB3512, HB3250, HB3016, HB2520, HB2221, HB2213, HB3824, HB2067, HB1732, HB1562, HB700, HB1545, HB252, HB146, HB5596, HB1851, HB3619, HB3071, HB3556, HB851, HB4230, HB5320, HB5651, HB5670, HB5665, HB5437, HB5679, HB5699, HB5661, HB5662, HB5654, HB5672, HB5656, HCR141, HCR118, HCR127, HCR40, SJR36, SJR50, SJR63, SCR12, SCR39, SB2023, SB62, SB666, SB847, SB284, SB854, SB810, SB1505, SB583, SB507, SB1434, SB1772, SB2016, SB1122, SB731, SB397, SB508, SB1436, SB287, SB1882, SB393, SB1791, SB209, SB2429, SB1085, SB1975, SB2717, SB1262, SB636, SB2056, SB884, SB1200, SB1845, SB2458, SB801, SB3014, SB3013, SB758, SB2797, SB2076, SB2876, SB1640, SB1449, SB1181, SB1234, SB2926, SB2841, SB1528, SB1854, SB317, SB1250, SB2082, SB1237, SB2819, SB629, SB2608, SB1602, SB2009, SB867, SB640, SB1698, SB2680, SB913, SB1071, SB1086, SB1087, SB1483, SB1444, SB1553, SB1556, SB1703, SB2133, SB2297, SB2298, SB2622, SB2955, SB2334, SB1367, SB2044, SB2363, SB2565, SB1888, SB3036, SB3057, SB3043, SB3063, SB3035, SB203, SB2688, SB2522, SB2459, SB2655, SB2251, SB1884, SB2928, SB2566, SB1749, SB2549, SB2553, SB2919, SB1944, SB1232, SB1798, SB2603, SB2607, SB2683, SB1319, SB3038, SB3045, SB1538, SB3071, SB3065, SB823, SB3062, SB3074, SB1380, HB6, HB581, HB1393, HB1734, HB2286, HB2467, HB2468, HB2495, HB2529, HB2564, HB2765, HB2898, HB3146, HB3348, HB3800, HB4341, HB4386, HB4490, HB5057, HB5323, HB5534, HB5668, HB2, HB2715, SR530, SR552, SB482, SB493, SB841, SB912, SB1241, SB1350, SB1388, SB1559, SB1951, SB2143, SB2155, HB205, HB220, HB561, HB2078, HB2300, HB2652, HB3335, HB3441, HB4212, HB4879, HB5228, HB5616, HB205, HB220, HB561, HB2078, HB2300, HB2652, HB3335, HB3441, HB4212, HB4879, HB5228, HB5616

Keywords: public education, teacher compensation, certification, funding, school finance, educator rights, education funding, charter schools, staff compensation, state aid, retention allotment, mental health, telehealth, public schools, discipline management, behavioral interventions, rural health, hospital funding, healthcare access, mental health services

Transcript Highlights:

• It also expands the definition of monetary instrument in the federal money laundering statute to include
• It also expands the definition of<04:25:36.720> monetary<04:25:37.279> instrument<04:25
• :37.760> in<04:25:38.000> the<04:25:38.159> federal of monetary instrument in the
• federal of monetary instrument in the federal money<04:25:39.040> laundering<04:25:39.520>

Keywords: U.S. House of Representatives Floor Proceedings on Tuesday, May 12, 2026, 1012, house, all

Transcript Highlights:

• That's sometimes difficult to get these approved by the Patient's Compensation Fund.
• They are taken from the Patient Compensation Fund (PCF).
• I do appreciate the definitions you gave us on compensation and penalties.
• Yesterday, we spent a lot of time on the patient compensation fund.
• The patient compensation fund is driving our problems with medical malpractice.

Transcript Highlights:

• , but even disabled or able-bodied people, we all have barriers from child care, transportation, monetary
• c><03:35:52.160> care, from child care, from child care, transportation,<03:35:54.640> monetary
• transportation, monetary limitations. transportation, monetary limitations.
• Today, many of our citizens are still excluded from old-age insurance and unemployment compensation

Keywords: U.S. House of Representatives Floor Proceedings on Thursday, July 3, 2025, 1012, house, all

Transcript Highlights:

• It also helped cover expected growth in employee compensation and benefits and other operating costs,
• <00:25:59.600> and the expected growth in compensation and the expected growth in compensation
• He was happy to do it, and he told me that, but I think that he should have been compensated in some
• He was happy to do it, and he told me that, but I think that he should have been compensated in some
• He was happy to do it, and he told me that, but I think that he should have been compensated in some

Keywords: 1183, house

Transcript Highlights:

• This request is in line with the October 2024 SAO report on executive compensation, ensuring the head
• Um, just real quick, the last part I heard you talking about was on, uh, the compensation issue.
• Last October, a state auditor's report on executive compensation recommended this ban go from 3 to 4.
• Commissioner Nelson will address the specific requests for the Division of Workers' Compensation.
• If I may, please, from the division of workers' compensation, we have.

Transcript Highlights:

• <01:39:32.560> their to, but they may compensate their to, but they may compensate their retiring
• No annual compensation applied for retirement.
• School districts could I compensation.
• No annual compensation salary credit.
• <01:49:11.600> Uh Annual compensation for TRS3 either.

Keywords: 958, all

Summary: The meeting opened with a quorum call, the Pledge of Allegiance, a prayer, and approval of the prior meeting minutes. The first presentation was from Bo Craycraft of the Judicial Form Retirement System, who gave an update on investment performance, asset allocation, cash flow, and projected employer costs. He reported strong fiscal year 2025 investment results, with both the legislative and judicial retirement plans outperforming their actuarial assumed rates of return and benchmarks, driven largely by U.S. equity performance. He also noted the plans remained near their target asset allocation and continued to experience negative cash flow, though he said that was manageable in context of strong asset growth. Craycraft then discussed a recent experience study and actuarial assumption changes, especially a revised salary growth assumption and a higher cash balance interest credit rate. He said these changes increased projected employer costs, with contributions rising from about $700,000 to a projected $2 million in later years, though he expected the eventual 2025 valuation and investment gains to reduce that estimate. Members asked about mortality assumptions, the impact of the experience study on liabilities, and the sharp increase in the judicial plan’s projected employer cost. Craycraft explained that the increase was driven mainly by the updated assumptions and that no other major plan changes were involved. At the chair’s request, Craycraft also addressed the recent rise in Medicare Advantage premiums for the plan’s health coverage, saying the 2025 increase was largely tied to Part D changes and the Inflation Reduction Act and had been about 45%, but that future growth was expected to be under 5%. After his presentation, the committee moved to the Kentucky Public Pensions Authority update, where the next speaker began by saying the funds had exceeded actuarial assumed returns for the fiscal year.