Video & Transcript Research : 'fuel terminal'
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CA
California 2025-2026 Regular Session
Assembly Emergency Management Committee Apr 28th, 2025
Transcript Highlights:
- Hydrogen is an emerging fuel and therefore many local governments do not have much experience with the
- While both of these properties are great features for fuel stock, it does present challenges for leak
- These areas, or zones, are based on factors such as fuel, slope, and fire weather.
- As wildfire risks continue to increase and climate change and its evolving fuel conditions, up-to-date
- And we don't want growth to outpace our updated severity maps for things like evacuations and fuel being
Summary:
The committee first took up a consent calendar of multiple bills, moving them forward mostly to Appropriations, with AB 1531 sent to Insurance. It then heard AB 645, requiring emergency medical dispatch training for public safety dispatchers who handle medical calls. Supporters said standardized dispatcher training would improve CPR and other pre-arrival instructions, especially in rural areas with long response times; there was no opposition, and the bill was moved to Appropriations. AB 716, on statewide hydrogen fire safety standards and a State Fire Marshal hydrogen expert, also drew support and was sent to Utilities and Energy. AB 783, aimed at lowering disaster rebuilding costs by allowing state contracting for construction materials in declared disaster areas, was supported by housing and building groups and moved to Appropriations. AB 591, creating a public works mutual aid plan for disasters, and AB 1200, expanding disaster preparedness through tabletop exercises, a State Lifelines Council, and CERT training, both received supportive testimony and were sent to Appropriations.
The committee also heard AB 300, which would require regular updates to fire hazard severity zone maps; witnesses from fire agencies and cities supported moving the review schedule to every five years, and the bill was sent to Appropriations as amended. AB 986 would add landslides and climate-change-exacerbated conditions to the definition of state and local emergencies; supporters from Rancho Palos Verdes and the League of California Cities described severe land movement and major costs, while members raised concerns about overbroad emergency declarations. The bill nonetheless advanced to Appropriations. AB 478, requiring local emergency plans to include pet rescue procedures and longer holding periods for rescued animals, was supported by the author, a mayor, and animal advocacy groups; members suggested revisiting the 90-day reclamation period and transfer rules, but the bill moved to Appropriations.
Later, AB 598 proposed school mapping technology for K-12 campuses so first responders can access accurate layouts during emergencies. The sponsor and dispatch representatives said the maps could reduce response times and improve coordination, while committee members asked about costs, vendor neutrality, rural school funding, and coordination with the 911 Advisory Board; the bill was moved to Appropriations with members noting possible follow-up amendments. Throughout the meeting, several votes were left open for later addition, and the committee eventually recorded additional aye votes and one no vote on AB 783 and a not-voting position on AB 986 before adjourning.
MN
Minnesota 2025-2026 Regular Session
Working Group on Omnibus Transportation Bill - 06/06/25
Minnesota Senate Floor Meeting
Transcript Highlights:
- Section 121 establishes an electricity-as-vehicle-fuel working group.
- Subdivision 3 specifies vehicle fuels.
- We'll come back to the bill for more discussion after testimony. fuel infrastructure.
- The second is to fuel infrastructure.
- concerns are expressed by fueling concerns are expressed by fueling Minnesota.<02:04:44.880>
HI
Transcript Highlights:
- This also establishes the community fuels reduction project to be administered by the Department of Land
- This also establishes the community<00:14:46.560>
fuels <00:14:47.040>reduction <00:14:47.680 - >
project <00:14:48.399>to <00:14:48.720>be community fuels reduction project to - be community fuels reduction project to be administrator<00:14:50.000>
administered <00:14:50.959
Summary:
The conference committees met on April 25 in Room 229 and handled several bills, often by rolling them over when finance or budget releases were still pending. HB 1007 HD2 SD2 on HCDA was simply continued to 1:00 p.m. in the same room. HB 1316 HD2 SD1 on DLNR rental vessels and registration was later taken up, with members noting a proposed CD1 based on the Senate draft; after quorum was confirmed, both chambers voted yes and the measure was approved. SB 465 HD1 on Kiki Aola small boat harbor was rolled to 4:00 p.m. in Room 441 because the required release had not yet been received. HB 86 on Makai Watch was also deferred for lack of quorum, and HB 800 HD1 SD2 on government real property and land transfer was eventually voted out after the missing House member arrived, with both House and Senate voting yes. SB 1221 SD2/HD3 on water safety and retention/detention ponds was described as requiring county ordinances and surveys of existing ponds; the conference draft added “Sharky’s Law,” set a January 1, 2027 start date for county ordinances, and was approved unanimously by both chambers.
The committees also discussed SB 223 SD2/HD1 on wildfire prevention and forest reserve fire protection. The measure would create an independent DNR wildfire prevention program, authorize forestry and wildlife facilities for fire protection and related work, allow the State Fire Council to strengthen fire code requirements in hazardous fire areas, establish a community fuels reduction project, require legislative reporting, and provide funding. The conferees explained that section 3, which sought an additional appropriation for fiscal years 2025-2026 and 2026-2027, was removed because the money was already included in the budget. The bill’s effective dates were set for July 1, 2025, and it was rolled over to 4:00 p.m. in Room 411 rather than voted on at that time.
Later, HB 1220 HD1 SD1 on invasive species in Kaneohe Bay was taken up and passed after quorum was confirmed, with both House and Senate members voting yes. HB 778 HD2 SD1 on the integrated land use office and land use study, SB 739 HD1 on land exchange, and HB 830 HD2 SD2 on historic preservation reviews were all agreed to in principle but rolled over to later meetings because finance or WAM releases were still outstanding. Throughout the meeting, members repeatedly noted absences, excused members, and the need to reschedule items to later in the afternoon.
TX
Transcript Highlights:
- Uh, the cost of the fuel, how much fuel they used, how many pounds of shrimp they caught, it's just extreme
- As far as the fishing effort goes, the shrimpers can hardly afford to fuel down their vessels with fuel
MN
Minnesota 2025-2026 Regular Session
House Fraud Prevention and State Agency Oversight Policy Committee 2/23/26
Fraud Prevention and State Agency Oversight Policy
Transcript Highlights:
- As a result, 20% of providers closed or were terminated, and the OIG has 28 active payment withholds
- , were terminated, were terminated, and<00:04:06.560>
the <00:04:06.720>OIG <00:04:07.400 - and 18 of the providers were terminated and 18 of the providers were terminated by<00:14:55.079>
- The 54 that closed on their own and the 18 that were terminated for cause, my assumption is that the
- The 54 that closed on their own and the 18 that were terminated for cause, my assumption is that the
Bills:
HF3542
MN
Transcript Highlights:
- We see also executive orders already terminating related energy programs and the curtailing of assistance
- We see also executive orders already terminating related energy programs and the curtailing of assistance
- a programs executive<00:07:31.360>
orders <00:07:32.160>already <00:07:32.639>terminating - <00:07:33.280>
a executive orders already terminating a executive orders already terminating - Uh the third memo was terminated.
KY
Kentucky 2025 Regular Session
Senate Standing Committee on Families & Children (2-11-25)
Transcript Highlights:
- That's the norm, but sometimes the parent will terminate parental rights.
- That's the norm, but sometimes the parent will terminate parental rights.
- That's the norm, but sometimes the parent will terminate parental rights.
- That's the norm, but sometimes the parent will terminate parental rights.
- That's the norm, but sometimes the parent will terminate parental rights.
Keywords:
00:00:00 Introductions
00:00:22 Roll Call
00:01:56 Discussion on SB 85
00:14:03 Vote on SB 85
00:16:15 Explanation of Agency Amendment
00:19:04 Voice Vote on Amendment
00:19:33 Discussion on Kentucky Foster Children Housing, 958, all
Summary:
The committee first took up Senate Bill 85, sponsored by Senator Meredith, which would move the Office of the Ombudsman from the Cabinet for Health and Family Services to the State Auditor’s office and make related cleanup changes. Meredith said the bill grew out of a prior task force and a two-year transition from Senate Bill 48, and he argued the move would create independence, improve access to the ITWIST database, ensure complaints are not lost in the handoff, and add confidentiality protections for whistleblowers. Auditor Allison Ball and her staff said the bill would codify access and procedures after earlier disputes and a court-mediated settlement, and they described the measure as necessary to make the new structure work effectively.
Members asked how the Ombudsman would handle complaints and verify services in cases involving waiver recipients and other cabinet services. Ball and her staff said the Ombudsman would investigate complaints, make inquiries, and provide accountability outside the cabinet structure, with timelines and procedures similar to the Auditor’s office. The committee also discussed staffing and whether the office would need more personnel; Ball said the office already had about 100 people but could use more. The bill passed 10-0 with favorable expression.
The committee then approved an agency amendment to administrative regulation 922 KAR 1:001490 concerning foster parent background checks. Cabinet staff explained the amendment corrected a drafting error by removing references to civil determinations in a second section of the regulation because the system cannot search those determinations, while still allowing the required checks under state and federal law. Senator Herron asked what a civil determination meant, and staff said it could involve a court finding in a custody or abuse case, though such findings are now typically handled through the child abuse and neglect registry. The amendment was adopted.
Afterward, the committee began a discussion on Kentucky foster children housing and related issues. Ball and Ombudsman staff presented a preliminary assessment of children placed in office buildings, saying the review covered 49 children placed over a four-month period and showed a different picture than the public narrative of only older, high-acuity youth. They reported that some children had no documented behavioral or disability issues, many came directly from home, the average age was 13, the average stay was four nights, and placements were spread across several regions rather than centered only in Louisville. Members raised concerns about the lack of formal policies and procedures, staff safety, and how to ensure children are treated appropriately, and Ball said the Ombudsman was continuing a deeper review. No final action was taken on that discussion in the portion provided.
MD
Transcript Highlights:
- Uh, I just wanted to giggle for a minute that we're calling electric vehicle fuel fuel.
- This is not fuel. Electricity is not fuel. It's electricity.
- Thank you, Madam motor fuel tax.
- The fee you can charge for the service of providing the fuel.
- , fuels, fuels, give<01:40:45.840>
or <01:40:45.960>take <01:40:46.240>whatever <
Summary:
The House took up the Appropriations Committee’s report on the fiscal 2027 budget, including Senate Bill 282, the budget bill, and Senate Bill 284, the Budget Reconciliation and Financing Act. The floor leader described a balanced budget with a $282 million cash surplus, $2 billion in rainy day reserves, and no new fees or taxes, while highlighting funding for child care scholarships and credentials, behavioral health services in schools, Medicaid and SNAP-related outreach, DDA services, domestic violence and rape crisis services, energy assistance, local government disparity grants, and private-sector investment. Both budget measures were special ordered until Wednesday, March 25, and the House adopted the committee’s motion in each case without objection.
The chamber also considered several committee reports from Economic Matters, Government, Labor, and Elections, and Health. Among the measures advanced were House Bill 1529 on a Baltimore County local commission on common ownership communities; House Bills 571, 892, 893, 994, 1120, 1166, 1351, 1362, and 883; and health-related bills including House Bills 446, 658, 698, 1015, and 1048. Most bills were amended and then given favorable reports, with the House adopting the amendments and ordering the bills printed for third reading.
Several bills drew brief floor questions. House Bill 994 would create a $300 annual registration fee for travel services providers, but the sponsor said it would not add new penalties beyond existing consumer protection laws. House Bill 1166 on front license plate display clarified that a signed statement can shift responsibility to the driver when a front plate cannot be installed, while the existing $500 fine for noncompliance remained current law. House Bill 1351, dealing with disaster mitigation services and MHIC licensing, was explained as bringing those providers under home improvement licensing rules after a transition period, and was special ordered until the end of the session at a delegate’s request. House Bill 1048 on sodium and added sugar warning icons was amended to include a QR code and remove some reporting and education provisions; members also clarified that the bill still uses a 25-gram threshold and that restaurant groups did not support the bill, though it had been worked through with them.
WY
Wyoming 2026 Regular Session
House Minerals, Business & Economic Development, February 11, 2026
Minerals, Business & Economic Development
Transcript Highlights:
- that are now or Cheyenne light fuel that are now looking<01:08:34.239>
at <01:08:34.400>a< - <01:20:21.040>
And for Cheyenne light fuel and power. - And for Cheyenne light fuel and power.
- Our Cheyenne Light, Fuel and Power utility serves Cheyenne and is separate from, say, our utility in
- Our Cheyenne Light, Fuel and Power utility serves Cheyenne and is separate from, say, our utility in
MN
Minnesota 2025-2026 Regular Session
House Energy Finance and Policy Committee 4/1/25
Energy Finance and Policy
Transcript Highlights:
- CE conducts fuel research, implements programs, provides financing, and supports communities, businesses
- When we combine insulation with highly efficient dual fuel air-source heat pumps, we reduce customer
- This bill can improve that pace and help customers statewide regardless of where they live and what fuel
- When we combine insulation with highly efficient dual-fuel air-source heat pumps, we reduce customer
- When we combine insulation with highly efficient dual-fuel air-source heat pumps, we reduce customer
Keywords:
water appropriation, data centers, environmental review, energy conservation, permit application, carbon-free energy, geothermal energy, renewable energy, Macalester College, appropriation, sustainability, solar energy, pollinator programs, license plates, agrivoltaics, environmental sustainability, 1183, house
NH
New Hampshire 2025 Regular Session
House Finance (04/01/2025)
Transcript Highlights:
- The updated amendment also gets rid of any contract termination, as we're not going to terminate existing
- uh as we're not going to termination uh as we're not going to terminate<03:45:49.680>
existing - We're not terminating the PDAB.
- We're not terminating the PDAB. policy. We're not terminating the PDAB.
- begin termination of uh that<05:55:09.520>
program.
Summary:
The committee first considered House Bill 66, a right-to-know measure that would broaden access from “citizen” to “person,” including out-of-state requesters. Members also adopted an amendment removing the current no-filing-fee provision for appeals of unfavorable right-to-know ombudsman rulings, citing budget concerns. The bill was then reported ought to pass as amended on a 16-9 vote, with a minority report requested.
House Bill 187, which would let a parent or guardian seek a protective order on behalf of a minor alleging abuse by someone outside the family or household, was described as a narrow fix with little fiscal impact. It passed unanimously, 25-0, and was placed on the consent calendar. House Bill 215, requiring landfill permit applicants to submit a report on potential harms and benefits, was retained because its policy had been folded into House Bill 2; the committee voted 25-0 to retain it. House Bill 219, dealing with renewable portfolio standard changes and lower renewable energy certificate values, drew opposition from members who said it would weaken renewable energy development and raise concerns about energy costs, but the motion to retain was adopted 14-11, allowing the bill to be moved into House Bill 2.
The committee then retained House Bills 365, 552, 566, 572, 607, 611, and 624, all by unanimous or near-unanimous votes, generally because the relevant policy or funding had been incorporated into House Bill 2 or because the bills were viewed as technical or low-impact. HB 566 was described as a landfill leach-management bill with a fiscal note under $10,000 annually and was sent to consent. HB 572 and HB 607 were retained because their money components were moved into HB 2, though one member objected that HB 607 represented an unfunded mandate for the Hampton Beach Area Commission.
House Bill 511, concerning ICE detainers and county detention practices, generated the most debate. Supporters said the amendment clarified how long counties may hold detainees without a federal contract and compared the detention period to existing bail rules; opponents argued the bill could sanction detention of people not charged with crimes and raised due-process concerns. The committee adopted the amendment 14-11 and then reported the bill ought to pass as amended on another 14-11 vote, with a minority report requested. House Bill 639, involving securities and digital currency issues, was also reported ought to pass after members noted unresolved concerns but said the Secretary of State’s Securities Division was willing to continue working on it in the other body; the vote was 16-10.
NH
New Hampshire 2025 Regular Session
House Finance (03/31/2025)
Transcript Highlights:
- So switching over to video lottery terminals, the user experience will roughly be the same.
- Video lottery terminals have a five-second faster pace; there’s no delay because there’s no tabulating
- Under the governor’s proposal, she legalized video lottery terminals in 2021.
- So switching over to video lottery terminals, the user experience will roughly be the same.
- machines that have either been terminal machines that have either been transitioned<04:55:21.400>
Summary:
The Finance Committee met to review Division One of a very large budget package, with the chair explaining that the budget was being analyzed in three divisions over multiple days. Members first discussed procedure, including when amendments and line-item votes would be taken, and agreed to proceed with the division’s presentation before questions. Representative Maguire then outlined the division’s approach as a series of tradeoffs to close a large budget gap, emphasizing cuts, some revenue changes, and a focus on overall spending levels as well as individual reductions.
The presentation covered a wide range of agencies and policy areas. Major proposed changes included cuts or eliminations to several boards and commissions viewed as costly or duplicative, such as the Housing Appeals Board, Board of Tax and Land Appeals, Human Rights Commission, Commission on Aging, Office of the Child Advocate, and the Personnel Appeals Board, with some functions consolidated into other boards. The division also proposed back-of-the-budget cuts to the Information Technology Department, Judicial Branch, Justice Department, Retirement System, Corrections, and Environmental Services, along with fee increases in several areas. Other notable items included ending marketing for Paid Family Leave, reducing job advertising and tourism promotion, defunding the Arts Council, moving liquor enforcement functions out of the Liquor Commission, and shifting some funds such as the College Savings Commission money to Division Two.
Several members questioned specific cuts, especially the elimination of the Council on Aging, the reduction in regional planning commission grants, and the large cut to tourism advertising. Maguire defended the choices as necessary budget tradeoffs, arguing that some programs duplicated work done elsewhere, that regional planning grants were not among the most essential items, and that tourism promotion was a form of spending he viewed skeptically. He also explained that the public defender’s budget was partially restored after a credible claim of a governor’s budget error, and that the committee would continue refining corrections-related cuts because the House was only halfway through the budget process and further changes could still occur in the Senate and conference committee.
WA
Washington 2025-2026 Regular Session
Statute Law Committee Jun 17th, 2026 at 12:00 pm
Statute Law Committee
Transcript Highlights:
- We are getting fuel surcharges from our vendor, which is Worldwide Express, which uses UPS.
- We are going to start charging them the price that they would actually cost based on that new fuel surcharge
- On that new fuel surcharge, it's anywhere from $20 to $30 to, I think, $50 in some areas.
CA
California 2025-2026 Regular Session
Assembly Appropriations Committee Jan 22nd, 2026
Transcript Highlights:
- AB 623 Dixon, fuel reduction...
- AB 623 Dixon fuel reduction. AB 623, Dixon, fuel reduction reports, holding committee.
Summary:
The Assembly Appropriations Committee met on January 22, 2026, for its regular order hearing and suspense-file hearing. In regular order, the committee approved consent-calendar bills AB 683, AB 763, AB 1126, and AB 1278 on unanimous due-pass motions, and AB 34 and AB 442 on a second unanimous due-pass motion. The committee then heard and advanced several bills, including AB 35, which would create an APA exemption for Proposition 4-funded programs to speed implementation of water, wildfire, energy-storage, and grid-support projects; AB 748, establishing pre-approved housing programs for local agencies; AB 939, allowing immediate transfer of certain affordable homeownership units to qualified nonprofit housing organizations; AB 643, adding a narrow organic-waste-derived agricultural fertilizer product to SB 1383 procurement options; and AB 96, removing the high school diploma requirement for certified Medi-Cal peer support specialists. Testimony on these bills was largely supportive, with sponsors and coalition representatives emphasizing reduced delays, lower costs, and improved housing, environmental, or behavioral-health outcomes. The Department of Finance offered general budget comments but no bill-specific positions. The committee voted the bills out, with AB 643 and AB 96 receiving no recorded opposition in the transcript and AB 939 passing with some members noting support and interest in coauthoring.
The committee also received a presentation-only discussion of AB 1091, a proposal to authorize eight-letter specialty license plates, which the author said could generate revenue for rural programs such as the Williamson Act; the bill was not acted on at that time. After public comment, the committee moved to the suspense-file hearing on 53 bills. Using a substituted motion for due-pass and due-pass-with-amendments items, the committee held some bills and advanced many others, often with amendments that narrowed scope, deleted provisions, or required reports or studies. Bills held in committee included AB 405, AB 298, AB 333, AB 296, AB 1091, AB 1241, and AB 577, among others. The committee reported moving 43 bills to the Assembly floor, with several on A roll calls and others on B roll calls or with amendments, and noted that amendment language would be posted later online.
TX
Transcript Highlights:
- obligations, the state of Chihuahua has converted, uh, continued to divert water from the Rio Conchos to fuel
- The fuel cycle, all of that stuff will need to be rebuilt in this country.
- addition to large scale, is trying to push forward, you can see the manufacturing come here and the fuel
NH
Transcript Highlights:
- 19.279>
or program was not placed on probation or program was not placed on probation or terminated - :21.279>
2012, <00:13:22.000>the <00:13:22.160>law <00:13:22.480>no terminated - Since 2012, the law no terminated.
- whether or process hearings to determine whether or not<00:13:26.959>
to <00:13:27.120>terminate - a parent's right to not to terminate a parent's right to educate<00:13:28.800>
their <00:13:29.040
ND
North Dakota 2025-2026 Regular Session
Higher Education Institutions Committee Apr 9th, 2026
Transcript Highlights:
- As a refresher, in December of 2025, there was a decision made at Dickinson State University to terminate
- her, and really her approach is, and I think it's a good recommendation for any industry: if you terminate
- You have to understand we terminated someone for cause.
- His appeal related to that termination is still pending.
- And so I don't know that it is an inability to get bonding, but certainly this termination, any termination
Summary:
The Higher Education Institutions Committee met on the Minot State University campus for presentations on campus operations, enrollment, and new academic initiatives. President Shirley reviewed recent audits, noting mostly clean results with only minor technical findings, and highlighted MSU’s broad academic offerings, specialized accreditations, athletics, and partnerships with Minot Air Force Base and the MSU Development Foundation. Members asked about declining interest in teacher education, tuition waivers for athletes, dual credit incentives, and how MSU decides when to launch new programs and avoid duplication within the university system.
Shirley also discussed several workforce-focused initiatives supported by the Legislature’s Workforce Education Innovation Funds, including the purchase of the Trinity Health Center West building for a downtown health sciences hub, a new daycare/preschool partnership near campus, the Aspire program to recruit rural students into teaching, and a paraprofessional-to-special-education degree pathway. Enrollment data showed overall headcount was flat at just under 2,750, but full-time equivalent enrollment rose slightly and new student numbers increased, including the largest freshman class in 15 years. The committee also discussed Minot State’s in-state tuition rate for all students, its dual credit “Emerging Scholars” scholarship, and concerns about the share of high school graduates who do not immediately pursue postsecondary education.
Faculty then presented two new programs funded in part by WEAF: an Innovation Engineering degree and a master’s program in counseling with an integrated addiction studies focus. The engineering program was described as industry-driven, designed with broad early coursework, hands-on learning, and local employer input to prepare students for western North Dakota workforce needs; officials said it had already drawn more applicants than expected and would use renovated library space and donated or grant-funded equipment. The counseling program will be mostly face-to-face with hybrid options, aims to address shortages in mental health and substance use providers, and is structured to help students meet licensure requirements. Committee members asked about startup costs, licensure supervision hours, and whether the programs would be on campus rather than online, and presenters said both programs had recently received required approvals and were moving forward.
MN
Transcript Highlights:
- Lastly, the OOT triple B terminates an accelerated depreciation provision for certain wind and solar
- OBBBA also terminated the energy efficient building deduction, which allowed the deductibility of a certain
- Uh<00:35:58.240>
OB <00:35:58.720>also <00:35:59.040>terminated <00:35:59.599> - the<00:36:00.079>
energy Uh OB also terminated the energy Uh OB also terminated the energy - I see here we have the tax will not be terminated before January 1st, 2055.
Keywords:
January 6 insurrection, pardon, law enforcement, violent crimes, public safety, justice system, political accountability, Blaine, local sales tax, special tax, restaurant tax, lodging tax, admissions tax, amusement tax, hotel tax, redevelopment, capital improvements, municipal finance, bonding authority, tourism tax
WY
Wyoming 2026 Regular Session
House Labor, Health & Social Services, February 16, 2026
Labor, Health & Social Services
Transcript Highlights:
- to be specified along with the complications, which may include the failure of the treatment to terminate
- the pregnancy. ...which may include the failure of the treatment to terminate the pregnancy.
- Women who make the decision to terminate an unwanted pregnancy are glad they did.
- <01:08:29.279>
the <01:08:29.520>decision <01:08:29.920>to <01:08:30.239>terminate - Women who make the decision to terminate Women who make the decision to terminate an<01:08:31.120
MO
Missouri 2026 Regular Session
Joint Committee on Public Employee Retirement Apr 28th, 2026
Joint Committee on Public Employee Retirement
Transcript Highlights:
- First is the automatic refund of employee contributions to terminated non-vested members with a balance
- First is the automatic refund of employee contributions to terminated non-vested members with a balance
- you recall, I mentioned that we have, of the 57,000 inactive members, nearly 39,000 of those are terminated
Summary:
The Joint Committee on Public Employee Retirement held a hearing focused on the Missouri State Employees’ Retirement System (MOSERS) and its long-term financial condition. MOSERS Executive Director Abby Spieler and investment consultant Tim McKinery outlined the system’s structure, membership, funding policy, and investment approach. They reported that as of the June 30, 2025 valuation, MOSERS had a 55.4% funded ratio, about $17.4 billion in liabilities, and about $9.6 billion in assets. They explained that the FY27 employer contribution rate was certified at 32% under the board’s minimum contribution policy, up from 30.25%, and said the increase is tied to a $46 million new decision item in House Bill 5.
The presentation emphasized that MOSERS is a mature plan with more retirees and inactive members than active employees, and that slow or declining payroll growth has made it harder to pay down unfunded liabilities. MOSERS described recent policy changes intended to improve long-term stability, including lowering the investment return assumption over time, updating mortality assumptions, and adopting a minimum employer contribution policy. The board’s 2024 asset-liability study also led to a shift toward more public equity exposure and less fixed income, with the consultant saying asset allocation has been the main driver of relative investment underperformance versus peers in recent years, though recent returns have improved and the portfolio has outperformed its policy index over shorter periods.
Committee members questioned why the funded ratio has fallen over time, whether past investment assumptions were too optimistic, and whether the board had been too conservative in its asset allocation. MOSERS representatives responded that the earlier strategy was a board-approved risk-balanced approach and that hindsight makes the results easier to judge, while stressing that current changes are intended to improve long-term outcomes. Members also asked about the impact of inactive members, the automatic refund proposal for small terminated accounts, and the ongoing Catalyst Capital litigation. MOSERS said the proposed legislation would automatically refund small inactive balances and auto-escalate deferred compensation contributions, and reported that litigation-related attorney fees have been about $20 million so far. No votes were taken, and the committee adjourned after questions and discussion.