Transcript Highlights:

• relates to health benefit plan coverage of certain in vitro fertilization procedures for certain governmental

Transcript Highlights:

• relates to health benefit plan coverage of certain in vitro fertilization procedures for certain governmental

Bills: HB3014, HB3109, HB3126, HB3474, HB3594

Keywords: gift card fraud, counterfeit gift card, gift card tampering, gift card theft, prepaid card, stored value card, retail fraud, financial crimes, consumer protection, organized retail crime, gift card skimming, magnetic stripe, chip card, redemption information, gift card packaging, Penal Code, felony theft, state jail felony, third-degree felony, second-degree felony

Transcript Highlights:

• DOCTOR HAYES WILL NOW PRESENT ON THE PK YOUNG GOVERNMENTAL LAB SCHOOL.

Keywords: 999, senate, all

Transcript Highlights:

• entity attached to the insurance department that procured the consultant.
• <02:03:43.719> entity<02:03:44.119> attached<02:03:44.480> to<02:03:44.599> the
• governmental entity attached to the governmental entity attached to the insurance<02:03:45.159><
• These entities will be required to make publicly available certain information about the cost of covered
• These entities will be required to make publicly available certain information about the cost of covered

Keywords: 928, house, all

Summary: The committee took up HB 297 with a non-germane amendment proposed by the Insurance Department to create the Granite State Home Mitigation and Resiliency Program. Commissioner DJ Beton explained that the program is intended to help homeowners reduce rising insurance premiums and avoid surplus lines coverage by funding proactive home and property improvements such as roof fortification, exterior and foundation work, flood protection, and tree removal. He said the proposal was developed after leadership asked for more statutory detail and for the idea to be vetted through policy committees rather than handled only in the budget process. Beton said the program would be funded by the first $1 million collected annually from the insurance premium tax, with grants of up to $10,000 awarded on a first-come, first-served basis. He described the program as modeled on similar efforts in other states, with means testing tied to the Department of Energy’s weatherization/home heating assistance criteria. He also said the department would administer the program using one existing staff position, with coordination through Treasury, and that unspent funds would roll over for several years before reverting to the general fund. Members asked about the unusual use of a non-germane amendment and how the bill would be handled procedurally, since the underlying bill and the new insurance proposal were unrelated. The chair explained that the amendment was being used as a vehicle to move the department’s proposal through the committee process and that the committee could later accept one part, both parts, or neither. No vote was taken in the portion of the meeting shown; the discussion ended with questions about administration, staffing, and the relationship between the underlying bill and the amendment.

Transcript Highlights:

• And that alone would be a concern when entities are looking for where they want to register.
• We have an enormous amount of use of our corporate tools to form business entities and do business.
• entities and do business. It's amazing. entities and do business. It's amazing.
• Now, you know, these companies, they probably change corporate entities frequently.
• , County, um, who created that entity, County, um, who created that entity, first<01:24:59.360>

Keywords: 916, all

Transcript Highlights:

• for the upcoming biennium, some of which has passed through to other state and local government entities
• We're not a regulator; we don't want to be a regulator, but we are working with the regulatory entities
• But we do need to make sure that through the PUC and our regulatory entities, we are holding them to
• We have collaborated with all the different entities, including Del Mar College and the Port.
• We are having increasing difficulties retaining faculty and staff to other entities and institutions

Bills: SB1, SB 1

Keywords: appropriations, budget, state funding, education, healthcare, infrastructure, campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards, 1185, senate, all

Bills: SJR 4, SCR 36, SCR 37, SCR 38, SCR 39, SCR 40, SCR 41, SCR 42, SB 7, SB 30, SB 31, SB 32, SB 33, SB 34, SB 36, SB 37, SB 38, SB 39, SB 1851, SB 1852, SB 1853, SB 1854, SB 1855, SB 1856, SB 1857, SB 1858, SB 1860, SB 1861, SB 1862, SB 1863, SB 1864, SB 1865, SB 1866, SB 1867, SB 1868, SB 1869, SB 1870, SB 1871, SB 1872, SB 1873, SB 1874, SB 1875, SB 1876, SB 1877, SB 1878, SB 1879, SB 1880, SB 1881, SB 1882, SB 1883, SB 1884, SB 1885, SB 1886, SB 1887, SB 1888, SB 1889, SB 1890, SB 1891, SB 1892, SB 1893, SB 1894, SB 1895, SB 1896, SB 1897, SB 1898, SB 1899, SB 1900, SB 1901, SB 1903, SB 1904, SB 1905, SB 1906, SB 1907, SB 1908, SB 1909, SB 1910, SB 1911, SB 1912, SB 1913, SB 1914, SB 1915, SB 1916, SB 1917, SB 1918, SB 1919, SB 1920, SB 1921, SB 1922, SB 1923, SB 1924, SB 1925, SB 1926, SB 1927, SB 1928, SB 1929, SB 1930, SB 1931, SB 1932, SB 1933, SB 1934, SB 1935, SB 1936, SB 1937, SB 1938, SB 1939, SB 1940, SB 1941, SB 1942, SB 1943, SB 1944, SB 1945, SB 1946, SB 1947, SB 1948, SB 1949, SB 1950, SB 1951, SB 1952, SB 1953, SB 1954, SB 1955, SB 1956, SB 1957, SB 1958, SB 1959, SB 1960, SB 1961, SB 1962, SB 1963, SB 1964, SB 1965, SB 1966, SB 1967, SB 1968, SB 1969, SB 1970, SB 1971, SB 1972, SB 1973, SB 1974, SB 1975, SB 1976, SB 1977, SB 1978, SB 1979, SB 1980, SB 1981, SB 1982, SB 1983, SB 1984, SB 1985, SB 1986, SB 1987, SB 1988, SB 1989, SB 1990, SB 1991, SB 1992, SB 1993, SB 1994, SB 1995, SB 1996, SB 1997, SB 1998, SB 1999, SB 2000, SB 2001, SB 2002, SB 2003, SB 2004, SB 2005, SB 2006, SB 2007, SB 2008, SB 2009, SB 2010, SB 2011, SB 2012, SB 2013, SB 2014, SB 2015, SB 2016, SB 2017, SB 2018, SB 2019, SB 2020, SB 2021, SB 2022, SB 2023, SB 2024, SB 2025, SB 2026, SB 2027, SB 2028, SB 2029, SB 2030, SB 2031, SB 2032, SB 2033, SB 2034, SB 2035, SB 2036, SB 2037, SB 2038, SB 2039, SB 2040, SB 2041, SB 2042, SB 2043, SB 2044, SB 2045, SB 2046, SB 2047, SB 2048, SB 2049, SB 2050, SB 2051, SB 2052, SB 2053, SB 2054, SB 2055, SB 2056, SB 2057, SB 2058, SB 2059, SB 2060

Keywords: economic stabilization fund, state finance, constitutional amendment, budget management, financial security, public safety, university property, peaceful assembly, law enforcement coordination, disruptive protests, balanced budget, federal debt, fiscal responsibility, Texas governance, national budget, Tomato Suspension Agreement, trade, economic impact, tariffs, Texas-Mexico relations

Transcript Highlights:

• You've got covered entities, which are the providers, the hospitals, doctors, clinics, nursing homes.
• And then you have third-party entities, which are trial lawyers, insurance companies, and their lawyers
• The third-party entity requests that we're concerned with take a voluminous amount of time to process
• It also requires that local government entities, that local government entities who have requested a
• has done. ...actual work and not necessarily on how much work that entity has done.

Summary: The committee first took up CS/SB 1606 on patient access to records. The sponsor explained that the bill, as amended, would align Florida law more closely with HIPAA by defining “designated record set,” requiring providers to furnish requested records within set timeframes, allowing a limited extension with notice, and requiring records to be produced in the requested form if readily producible. Several members asked about patient portals, legal representatives, and whether the bill affected meaningful-use rules or post-mortem access. Multiple witnesses opposed the bill, arguing it could create cybersecurity risks, conflict with existing privacy rules, and burden providers; supporters said it would improve patient access and consistency. The committee adopted the amendment and then reported the bill favorably. The committee then considered CS/SB 712 on construction regulations. The bill would direct DEP to establish rules for synthetic turf and limit local governments from banning it if state rules are followed, while also addressing change orders, public works bidding, elevator rails, alarm contractor work, building code updates, spaceport exemptions, permit document limits, and single-trade inspections. Amendments removed the pool and spa contractor provisions and the tall mass timber language. Testimony on the bill centered heavily on the pool industry, with contractors and the Florida Swimming Pool Association opposing expansion of scope to general and building contractors, while some speakers supported other parts of the bill. After adopting the amendments, the committee reported the bill favorably. Finally, the committee heard CS/SB 1288 on parental rights. The bill would allow minors to be tested for STDs without parental consent but require parental consent for treatment, expand parents’ rights to access records and control certain health decisions, and restrict health care services, medical procedures, and biofeedback devices for minors absent consent or an exception. An amendment moved survey and questionnaire provisions into the education code, added an explicit court-order exception, clarified DNA and biofeedback provisions, and added emergency behavioral health exceptions. The committee heard extensive public testimony both for and against the bill, with supporters emphasizing parental authority and opponents warning it could delay STI treatment, mental health care, and other services for vulnerable minors. The transcript ends during public testimony on the bill, before any final committee action is shown.

Transcript Highlights:

• other costs to uh the the governmental other costs to uh the the governmental uh<00:23:55.360>
• <01:10:22.960> influencing as foreign entities influencing as foreign entities influencing
• Foreign entities involving agreements.
• And along to the entities who needed it.
• So entities that we're talking about.

Keywords: 928, house, all

Summary: The Judiciary Committee opened a hearing on House Bill 1067-FN, which would formalize and expand mental health courts in New Hampshire and create a grant-based funding structure for them. Representative Mark Pearson, the prime sponsor, described the bill as a bipartisan, compassionate, and cost-effective approach that would connect people with mental illness to treatment and supervision instead of incarceration, while still holding them accountable. He said the proposal was developed with input from the judicial branch, law enforcement, corrections, mental health organizations, and others, and emphasized that local courts could tailor programs to their needs. Committee members questioned the bill’s fiscal note, whether the legislature had previously studied the issue, how the program would be funded, and whether the bill should more explicitly address treatment, prevention, and data collection. Representative Buzz Sher, who helped develop the bill, explained how mental health courts work, including referral, clinical and public-safety assessments, case management, goal-setting, and graduation from the program. He said existing New Hampshire mental health courts are mostly partial and county-funded, and that the bill would formalize them, set standards, and allow grant funding. He also cited data from Georgia and New Hampshire suggesting significant savings from reduced incarceration and related costs. Members also raised concerns about due process, whether people not formally charged could be swept into the system, and whether individuals with violent offenses or domestic violence histories could be diverted inappropriately. Sher responded that only people already in the criminal justice process are eligible and that courts use safety assessments to screen out most violent cases. The committee requested that Sher file supporting financial data from other jurisdictions, and he agreed to do so. No vote or final action was taken during the hearing.

Transcript Highlights:

• New Mexico, the Court held that private federal contractors are independent taxable entities and are
• Independent taxable entities and are subject to taxes and fees.
• Those entities or those operations that we do not like.
• This bill penalizes entities carrying out federally authorized functions, jeopardizes local jobs, and
• If all those entities that are eligible for the exempt...

Keywords: 1146, all

Transcript Highlights:

• PBMs started off as small administrative entities designed for health plans to put together formularies
• But if this is merely a fight between two entities on who keeps more of the profits within the system
• I do think part of what allows this bill to overcome that and other issues is the sincere governmental
• And for each dollar more than we get from a private entity, we need one less dollar of public subsidy
• But we also recognize the complexities that are challenging our public entities.

Summary: The committee heard testimony on several bills, beginning with SB 41 by Senator Wiener, which would regulate pharmacy benefit managers by increasing transparency, banning patient steering and spread pricing, and requiring full pass-through of rebates. Supporters, including independent pharmacists and health advocates, said PBM practices are driving up drug costs and closing neighborhood pharmacies. Opponents from PBM and health plan groups argued the bill overlaps with recently enacted licensing and reporting requirements, would not lower consumer prices, and may be preempted by ERISA. Members discussed confidentiality issues, consumer savings, and the relationship between SB 41 and the new budget trailer bill; the author asked for an aye vote. The committee then took up SB 378, also by Senator Wiener, aimed at online marketplaces that advertise illegal intoxicating hemp and unlicensed cannabis products. Supporters from labor, public health, and the licensed cannabis industry said online sales are undermining regulated businesses and exposing children to unsafe products. Opponents from tech and hemp industry groups warned the bill is overbroad, could sweep in general-purpose platforms and lawful hemp wellness products, and raises Dormant Commerce Clause and First Amendment concerns. The author said he would narrow the bill, remove industrial hemp references, and address strict liability and standing issues; members largely focused on how to target illegal products without capturing lawful marketplaces. SB 243 by Senator Padilla addressed AI companion chatbots, with supporters including Common Sense Media and transparency advocates warning that these systems can be addictive, manipulative, and dangerous for minors and vulnerable users, citing studies and the death of a Florida teenager. The bill would require disclosures, anti-addiction design limits, self-harm protocols, audits, reporting, and a private right of action. Tech and business groups opposed the measure as overly broad and said its definitions could sweep in general-purpose AI tools; several members supported the goal but questioned the breadth of the definitions and the private right of action. Finally, SB 522 by Senator Wahab would extend just-cause eviction protections to rental units that were previously covered by the Tenant Protection Act but were destroyed in disasters and later rebuilt. Supporters, including Los Angeles city officials and tenant advocates, said the bill would help keep displaced renters housed after wildfires and other disasters. Apartment and realtor groups opposed it, arguing it would remove a key exemption needed to finance rebuilding and could discourage post-disaster reconstruction. Members expressed support for tenant protections in disaster areas, and the author asked for an aye vote.

Transcript Highlights:

• You've got covered entities, which are the providers, the hospitals, doctors, clinics, nursing homes.
• And then you... ...have third-party entities, which are trial lawyers, insurance companies, and their
• The third-party entity requests that we're concerned with take a voluminous amount of time to process
• It also requires that local government entities who have requested a change order must approve or deny
• I think that it's if it encompasses that and there is an adult or other entity that wants to get that

Summary: The committee first took up CS/SB 1606 on patient access to records. Sponsor Senator Grall explained an amendment that aligned the bill more closely with HIPAA by defining “designated record set,” allowing a 14-day extension, and requiring records to be produced in the requested form if readily producible. Several senators asked about patient portals, legal representatives, and whether the bill applied post-mortem; Grall said the bill was limited to authorized access during the patient’s life. Testimony was largely opposed, with health information and provider groups warning that the bill could create cybersecurity risks, conflict with HIPAA and meaningful-use rules, burden facilities, and improperly broaden access to portals and sensitive records. Supporters argued it would improve patient access and speed. The amendment was adopted, and the bill was reported favorably by roll call vote after debate on the bill as amended. The committee then considered CS/SB 712 on construction regulations. Grall described provisions on synthetic turf, change orders, public works bidding, elevator rails, alarm contractor scope, tall mass timber, pool and spa contractor scope, spaceport exemptions, permit document limits, and solar/energy storage inspections. Two amendments were adopted: one removed pool and spa contractor language and delayed the change-order provision until July 1, 2025; the other removed the tall mass timber section. Pool contractors testified against the scope expansion in the original bill, while others supported the remaining provisions. Senators raised concerns about the Florida Building Commission process and how the public-works language might affect small-business participation, but the bill as amended was ultimately reported favorably. Finally, the committee heard CS/SB 1288 on parental rights. Grall said the bill would require parental consent for most minor health care decisions, allow parental access to records, restrict surveys/questionnaires, and limit use of biofeedback devices, while preserving certain exceptions such as emergency care and STD testing. An amendment clarified questionnaire opt-outs for K-12 students, added court-order exceptions, addressed DNA sampling for criminal investigations, refined biofeedback language, and added emergency behavioral health exceptions; it was adopted. The bill drew extensive testimony both for and against: supporters said it restored parental authority and protected children from decisions they are not equipped to make, while opponents argued it would endanger minors seeking confidential STI, mental health, or abuse-related care, especially in unsafe homes. Senators also debated whether the bill would conflict with existing laws and whether it could leave some minors untreated. The transcript ends during continued public testimony on the bill.

Transcript Highlights:

• appears to be a compilation of rights of parents to anybody, including political subdivisions, governmental
• entities.
• of parents to anybody including political<01:52:55.520> subdivisions,<01:52:56.400> governmental
• political subdivisions, governmental political subdivisions, governmental entities.<01:52:57.520
• So I'm not positive again entities.

Keywords: 1191, senate, all

Transcript Highlights:

• that will erode that trust when any will erode that trust when any will erode that trust when any governmental
• official when we're talking governmental official when we're talking governmental official when we're
• of Workforce a labor broker is an entity of Workforce a labor broker is an entity or an individual that
• apply to subcontractors because they're apply to subcontractors because they're already a business entity
• so already a business entity so already a business entity so um with that I move for final passage um

Bills: HCR 21, HCR 22, HCR 23, HCR 24, HCR 25, HCR 26, HCR 27, HCR 31, HCR 41, HCR 42, HCR 43, HCR 44, HCR 45, HCR 52, HCR 53, HCR 66, HCR 67, HCR 73, HR 8, HR 10, HR 13, HR 20, HR 21, HR 50, HR 59, HR 61, HR 71, HR 74, HR 79, HR 84, HR 86, HR 90, HR 91, HR 102, HR 103, HR 107, HR 113, HR 125, HR 126, HR 132, HR 142, HR 145, HR 149, HR 150, HR 152, HR 167, HR 179, HR 181, HR 183, HR 186, HR 192, HR 196, HR 199, HR 207, HR 211, HR 212, HR 213, HR 216, HR 249, HR 256, HR 259, HR 261, HR 263, HR 272, HR 281, HR 285, HR 294, HR 295, HR 300, HR 305, HR 311, HR 313, HR 315, HR 316, HR 323, HR 331, HR 339, HR 340, HR 346, HR 349, HR 352, HR 357, HR 358, HR 360, HR 363, HR 374, HR 377, HCR 20, HCR 28, HCR 30, HCR 32, HCR 49, HR 14, HR 15, HR 19, HR 23, HR 24, HR 25, HR 26, HR 27, HR 29, HR 47, HR 48, HR 55, HR 56, HR 66, HR 85, HR 92, HR 93, HR 95, HR 96, HR 140, HR 155, HR 164, HR 204, HR 241, HR 242, HR 250, HR 253, HR 260, HR 262, HR 265, HR 279, HR 310, HR 312, HR 328, HR 332, HR 359, HR 362, HR 367

Keywords: recognition, award, petroleum industry, leadership, community service, HCR 22, House Concurrent Resolution, Texas Legislature, commendation, honorary resolution, Dr. James Olson, James Olson, University of Texas Permian Basin, UT Permian Basin, psychology professor, 50 years of service, faculty recognition, academic award, Piper Professor Award, Regents' Outstanding Teaching Award

Transcript Highlights:

• I'm the governmental affairs director for the city of Moorhead.
• I'm the<01:51:33.760> governmental<01:51:34.239> affairs<01:51:34.719> director<
• 01:51:35.119> for the governmental affairs director for the governmental affairs director for

Keywords: 1187, senate, all

Transcript Highlights:

• SB 2448 as currently drafted is narrowly tailored to further the compelling governmental interest of
• 19.720> compelling tailored to further the compelling tailored to further the compelling governmental
• <01:14:20.960> interest<01:14:21.840> of<01:14:22.000> shielding governmental interest
• of shielding governmental interest of shielding matters<01:14:22.720> of<01:14:22.840> purely

Keywords: 910, house, all

Summary: The committee heard testimony on several Senate bills. On SB 2530, relating to campaign contributions, the State Procurement Office suggested clarifying that contractor disclosure information be submitted within 30 days of a fully executed contract, while the Campaign Spending Commission supported the bill but asked that the restriction on contributions by officers be expanded beyond compensated officers. Hawaii Alliance for Progressive Action supported the measure and urged keeping the Senate language, arguing it better addresses contractor influence, while no other testifiers appeared. On SB 2970, relating to standards of conduct, the State Ethics Commission supported the bill and proposed amendments to consolidate the new language into existing Chapter 84 contract provisions and use “department head” instead of “director.” The State Procurement Office supported the measure but recommended closing a perceived loophole by limiting the covered contracts to those under $10,000. No opposition testimony was offered. The committee then heard SB 2919, which would fund one full-time Deputy Public Defender position focused on immigration-related advice under Padilla v. Kentucky. The Office of the Public Defender, Hawaii Coalition for Immigrants’ Rights, and the ACLU of Hawaii supported the bill, explaining that the position would help public defenders advise clients about immigration consequences of criminal cases, not provide immigration representation. Members asked several questions about the scope of the position and whether it could assist with citizenship; testimony clarified that it would not handle civil immigration matters. The bill was also described as creating a statewide consistent resource for the public defender system. Finally, on SB 2446, relating to the judiciary, the Intermediate Court of Appeals supported adding a seventh associate judge position but noted the court has only recently been fully staffed at six judges and has improved output through internal changes. The chair emphasized that the bill authorizes the position without funding and encouraged the judiciary to return later if appropriations are needed. The committee also began hearing SB 2730, a criminal justice reform bill on warrantless arrests and citations. OHA supported reducing unnecessary arrests but objected to making citations visible on criminal records; the Department of the Attorney General opposed the bill, citing law enforcement flexibility, identification concerns, and possible litigation costs; and the Judiciary requested a later implementation date and suggested changes to citation-resolution language. The transcript ends while testimony on SB 2730 was still underway.

Transcript Highlights:

• And many of our member organizations haven't seen increases in their governmental contracts in over 10
• organizations haven't seen increases<01:34:44.480> in<01:34:44.560> their<01:34:44.680> governmental
• increases in their governmental increases in their governmental contracts<01:34:45.840> in

Keywords: 912, senate, all

Summary: The committee first took up gubernatorial message nominations. Margaret Jackson was heard for reappointment to the State Council on Mental Health, where she said her lived experience with family members facing schizophrenia, houselessness, and substance use issues motivates her service. Andrew Savaiano was heard for the Juvenile Justice State Advisory Council and said he wanted to continue elevating youth voice and lived experience. Tao Yan was heard for the Board of Certification of Operating Personnel in Wastewater Treatment Plants and emphasized the importance of wastewater treatment to public health and the environment. The Department of Health testified in support of the nominations, and the committee later adopted chair recommendations to advise and consent to all three nominations, noting Senator Favela’s excuse and no recorded objections. The committee then heard HB 1853 relating to dementia. Testimony was overwhelmingly in support from state agencies, advocacy groups, caregivers, and individuals with lived experience, including a person living with Alzheimer’s and his caregiver spouse, who described the value of early diagnosis and coordinated support. Supporters said the bill would expand memory care navigation and access, especially on neighbor islands and in rural areas, and help families connect to resources earlier. One member raised concerns about the cost and scale of the proposed program, asking about the number and cost of dementia specialists and noting broader budget pressures, but the bill remained under discussion with no final action shown in the transcript. The committee also heard HB 1591 relating to health care, which would expand the preceptor tax credit to additional health professions, including physician assistant students and PAs, with testimony in support from nursing, public health, medical, and provider organizations. Supporters argued the measure would help address workforce shortages and improve training opportunities for local and economically disadvantaged students. A committee member asked about the aggregate cost of the credit and whether the existing credit had been fully utilized; the chair noted the bill was being kept narrower than broader proposals because of fiscal concerns. The transcript then moved to HB 1961 relating to health care access near facilities, with supporters arguing it protects access to legal reproductive health care and opponents saying it is unnecessary, vague, and burdensome on free speech and protest activity. No final vote on the bills appears in the excerpt provided.

Transcript Highlights:

• So, if it's licensed, the sheriff's office or DCI can easily go to a governmental database and say, "
• easily<00:04:37.040> go<00:04:37.280> to<00:04:37.680> a<00:04:38.240> governmental
• DCI can easily go to a governmental DCI can easily go to a governmental database<00:04:39.600>

Bills: SF0071, SF0088, SF0056

Keywords: homeland security, search and rescue, grants, emergency response, Wyoming, sex offender, child care facility, residency restrictions, public safety, criminal law, sex offenders, child care facilities, legislation, kratom, regulation, healthcare, age restrictions, manufacturing standards, 916, all

Transcript Highlights:

• A lot of our governmental offices from time to time are shut down, and folks are going to always know
• 10:11.760> our know, a lot of our go uh some of our know, a lot of our go uh some of our governmental
• 13.040> from<01:10:13.280> time<01:10:13.440> to<01:10:13.679> time governmental
• offices from time to time governmental offices from time to time are<01:10:14.159> shut<01:10

Keywords: 1136, house, all

Transcript Highlights:

• number that's in this report is required to be on their financial statements as a liability under governmental
• financial statements as a liability financial statements as a liability under<00:34:00.880> governmental
• under governmental accounting standards. under governmental accounting standards.

Keywords: Finance - Room 216, 20 January, 2026; 10:30 AM, 925, all

Summary: The committee heard an update from PERS Executive Director Higgins, who reported that the system has about $38 billion in assets, earned roughly 11.7% last fiscal year, and is about 57% funded. He thanked lawmakers for a newly passed $1 billion funding bill and emphasized that funding the existing system remains the top priority. Higgins also noted that the board’s actuarially recommended contribution is about 26% of payroll, while the system is currently receiving about 18.4%, and said PERS will return later in session with a few requested bills. Higgins addressed several policy topics under discussion this session, including return-to-work rules, first responders, and Tier 5. He said return-to-work changes are possible if the law is changed and funding implications are addressed. For first responders, he said any special treatment should be done within PERS rather than by creating a separate system, with the affected group and parameters clearly defined and fully funded. He also said the new Tier 5 hybrid plan is being implemented on track for March 1 and is projected to improve the system’s long-term financial position by reducing future liabilities and helping pay down the unfunded liability. Members then questioned Higgins about the system’s funding policy, the 30-year closed amortization period used in the ADC calculation, and whether that approach should be revisited in light of recent funding actions and changes in assumptions. Higgins said the board reviews the policy annually, that the closed amortization approach was chosen to better pay down the unfunded liability, and that the annual valuation and experience studies already incorporate recent funding changes, Tier 5, and the phased employer-rate increases. He acknowledged that a significant new infusion of funding could justify reviewing the amortization period, but cautioned against changing it too often because it could undermine progress toward paying down the unfunded liability.