Video & Transcript Research : 'January 12'
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CA
California 2025-2026 Regular Session
Joint Hearing Budget Subcommittee No. 3 on Education Finance and Higher Education Dec 8th, 2025
Transcript Highlights:
- Students emerging from K-12 often need structured face-to-face environments, while mid-career students
- We’ll see what happens in the January budget. Mr.
- We're... information technology, procurement, and accounts payable will launch in January.
- And I wanted to say this in the previous panel: the way we do with education, K-12 really, is we base
- We just, in the last 12 months, you can actually say, established a true marketing unit on our campus
Summary:
The joint Assembly Higher Education and Budget Subcommittee hearing focused on the future of the California State University system, with opening remarks emphasizing CSU’s major role in California’s economy, workforce, and degree production. Chairs and members said the hearing was intended to inform 2026 budget decisions and to examine three main issues: declining enrollment at some campuses, cost controls and possible consolidation, and oversight of recent state investments at campuses such as Humboldt and Sonoma. The meeting was briefly delayed by microphone and sound problems before reconvening.
The first panel featured CSU Academic Senate Chair Dr. Elizabeth Boyd and Cal State Student Association Vice President Katie Karam. Boyd urged the Legislature to protect academic freedom, strengthen faculty governance, provide stable ongoing funding, end unfunded mandates, support student food and housing security, fund flexible course schedules, improve transfer systems such as ASSIST, avoid over-centralizing academic programs, protect immigrant students, and expand intersegmental collaboration. Karam said students are feeling the effects of budget shortfalls through fewer course sections, reduced advising and services, longer time to degree, and tuition pressure, and she called for transparency, meaningful student involvement in budget decisions, and sustained state investment rather than cuts that harm the student experience.
The second panel covered enrollment management and included CSU Chancellor’s Office and campus administrators from Chico State, Cal State L.A., and San Diego State. Dr. Delcy Perez said CSU Forward and the new systemwide enrollment plan are aimed at expanding access, aligning programs with workforce needs, and increasing resident enrollment; she reported systemwide enrollment gains and strong application numbers, including a direct-admissions pilot that expanded from Riverside to more campuses. Campus representatives described local recruitment and retention strategies, including early outreach to high school students, community college partnerships, guaranteed admission programs, and expanded advising and student support. San Diego State highlighted record enrollment and high demand, while Cal State L.A. described efforts to recover from impaction and rebuild enrollment.
Members pressed CSU officials on the accuracy of enrollment data, the gap between funded targets and actual enrollment, and the system’s reallocation formula. CSU staff explained that campuses below target will see a 5% ongoing reallocation beginning in 2026-27, with one-time reserve funding also being directed to campuses that can grow, and that fiscal health reviews have been completed for 21 of 22 campuses. Legislators also asked about turnaround plans required by the budget act; CSU said those plans are being developed and will be shared in the spring after campus consultation. No formal votes were taken.
MN
Minnesota 2025 1st Special Session
Cmte on Rules - Subcommittee on the Federal Impact on Minnesotans and Economic Stability - 10/15/25
Transcript Highlights:
- <00:12:04.079>
So <00:12:04.399>thank <00:12:04.480>you <00:12:04.640>for - Happy<00:12:06.160>
to <00:12:06.399>answer <00:12:06.720>questions <00:12:07.120 - <00:12:47.120>
of <00:12:47.279>the <00:12:47.600>small <00:12:47.920>pool - which<00:12:49.360>
to <00:12:49.519>share <00:12:49.760>the <00:12:49.920>risk - >
is <00:12:55.839>that <00:12:56.399>our <00:12:56.720>big <00:12:56.959>
NM
New Mexico 2025 Regular Session
Other - PSCOC Apr 14th, 2025
Public School Capital Outlay Oversight Task Force
Transcript Highlights:
- So with that, I will move on to page 12, going into the actual financial plan now.
- Because there's nothing, there's a 12. I don't see that one here.
- I think you are like 12. Of the overall Exhibit A financial plan, the broadband.
- Is the January 8th PSCOC meeting minutes.
- I appreciate you. 12 o'clock, OK.
FL
Florida 2026 Regular Session
Senate in Special Session D Apr 28th, 2026
Florida Senate Floor Meeting
Transcript Highlights:
- And whereas on January 7, 2026, I called a special session scheduled to commence at 12 p.m. on Monday
- The proclamation on January 7, 2026. Hereby proclaim as follows. Section 1.
- The proclamation on January 7, 2026, calling the Legislature of the State of Florida into a special session
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 2 on Human Services Apr 23rd, 2025
Transcript Highlights:
- rates table, or the Regional Market Rates table, as a percentage increase for each rate beginning January
- an in-depth interim rate reform adjustment to the SRR, or Standard Reimbursement Rate, beginning January
- co-pays by county, program type, and rate type, and report annually to the legislature beginning January
- supportive of the budget proposal to maintain the funding for the TK to adult-to-student ratio of 1 to 12
MN
Minnesota 2025-2026 Regular Session
House Energy Finance and Policy Committee 3/5/26
Energy Finance and Policy
Transcript Highlights:
- <00:12:19.120>
So, <00:12:19.440>you <00:12:19.600>know, <00:12:19.680>as uh <00:12:23.360>was <00:12:23.680>stated <00:12:23.920>that, <00:12:24.240- really<01:12:12.560>
only <01:12:12.719>having <01:12:12.880>to <01:12:13.040 - to worry about that<01:12:13.360>
one <01:12:13.520>leg <01:12:13.679>of <01:12: - <01:12:15.199>
And <01:12:15.440>but <01:12:15.679>we <01:12:15.840>do
MN
Minnesota 2025-2026 Regular Session
House Health Finance and Policy Committee 3/5/25
Health Finance and Policy
Transcript Highlights:
- representative H was describing sometimes<01:12:50.080>
those <01:12:50.320>blood <01:12 - c><01:12:52.719>
your <01:12:52.960>health <01:12:53.280>later extremely important - >
where <01:12:54.120>you <01:12:54.239>could <01:12:54.440>look <01:12:54.679 - look back and also<01:12:55.920>
they <01:12:56.080>help <01:12:56.400>to <01:12: - 57.360>
discover <01:12:57.639>new <01:12:57.920>tests <01:12:58.360>and
NH
New Hampshire 2025 Regular Session
House Science, Technology and Energy (04/14/2025)
Science, Technology and Energy
Transcript Highlights:
- c> of<00:12:01.360>
section <00:12:01.839>two <00:12:02.079>of <00:12:02.240> - >
So <00:12:03.360>if <00:12:03.519>we're <00:12:03.680>going <00:12:03.760 - :07.680>
me <00:12:07.839>that <00:12:08.079>ITL <00:12:08.639>would <00:12 - quote risk<00:12:42.560>
sharing, <00:12:43.279>which <00:12:43.519>to <00:12:43.680 - 12:58.720>
add <00:12:58.880>that <00:12:59.120>I <00:12:59.279>think McGee
Summary:
The committee met on April 14 and began by welcoming a new member, Representative Samban Denier, who briefly described his background as a Clarkson University environmental engineering graduate and Air Force veteran. The committee then moved into a work session on five energy-related bills, starting with Senate Bill 65 on stormwater management for solar arrays. Representative McGee presented amendment 1594H, which would exclude projects in shoreland areas from the bill’s permit-by-notification process and require the standard alteration-of-terrain permit review instead. Members asked for clarification, and McGee explained the amendment was requested by the New Hampshire Lakes Association and others to preserve the fuller review process for shoreland projects. The committee appeared satisfied with the explanation and moved on.
The committee next discussed Senate Bill 230 on electric utility restructuring and investment in distributed energy resources. Members concluded that section one was unnecessary because a better definition of advanced nuclear resources had already been added to House Bill 710, and that section two would allow investment in advanced nuclear resources in a way they had already rejected in another bill due to ratepayer risk. Several members agreed the bill was redundant and supported an ITL motion. They also discussed Senate Bill 232 on net metering terms and conditions, focusing first on whether hydroelectric generators could be listed in ISO New England while also taking net metering credits. Granite State Hydropower Association representative Heidi Kroll testified that generators are subject to checks and balances, that double-dipping is not occurring, and that rules and tariffs already require participation in one market arrangement or the other.
Discussion on Senate Bill 232 then shifted to section two, which would bar retroactive changes to net metering tariffs in place as of January 1, 2025. Representative McGee proposed alternative language to protect existing customer generators, group hosts, and municipal hosts from retroactive changes, while others said the language was needed to provide stability for current participants operating on thin margins. Some members supported the clearer wording; others argued the committee should not tie the hands of the PUC and DOE, noting future circumstances could require regulatory flexibility and that conflicts could be resolved in court if necessary. The committee did not take a final vote in the portion of the meeting provided, and the discussion was still ongoing when the transcript ended.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Financial Services Jun 21st, 2026 at 10:30 am
Joint Committee on Financial Services
Transcript Highlights:
- Is there any way for law enforcement to, you know, say they hear about a scam an hour, two hours, 12
- And after David and Scott, we're going to move to Brianna, January. Good morning, Chair Feeney, Mr.
- All right, Brianna January is with us, and then we're going to go online for a few testifiers.
- Brianna January is with us, and then we're going to go online for a few testifiers.
- Brianna January with Chamber of Progress in strong support of H 1119, S 725.
Summary:
The committee heard testimony on several financial services bills, with the main focus on cryptocurrency kiosk regulation, financial literacy, and earned wage access. Legislators and witnesses described widespread crypto-related scams targeting older adults, often involving impersonation, urgency, spoofed phone numbers, and rapid transfers through kiosks that are difficult to trace or recover. Supporters of the kiosk bills said Massachusetts needs licensing, registration, transaction limits, warning notices, receipts, refund protections, and other safeguards; some also urged a “pause” or hold on transactions to give victims time to reconsider and allow law enforcement to intervene. The Attorney General’s office, AARP, local law enforcement, and several prosecutors and sheriffs backed the consumer-protection approach, while Bitcoin Depot supported a narrower regulatory framework but opposed low fee caps and strict daily limits, arguing they would function like a ban and reduce legitimate use.
Witnesses from Waltham police, Middlesex and Essex County law enforcement, and the AG’s office said crypto scams are growing quickly, losses are often unrecoverable once funds move, and current tools are limited. They described cases involving elderly victims losing thousands of dollars, and said warnings alone are not enough because scammers keep victims on the phone and guide them through the process. Some witnesses said a temporary hold or refund mechanism has worked in at least one case, while others emphasized that transaction limits and visible disclosures could reduce harm even if they do not stop fraud entirely. The AG’s office also said it would submit written opposition to separate earned wage advance legislation, while DailyPay testified in support of that bill, saying earned wage access helps workers bridge short-term gaps without debt or credit reporting.
The committee also heard support for mandatory financial literacy education from Representative Jim Hawkins, who said high school students need instruction on credit, debt, and inflation before they enter adulthood. In addition, the committee took testimony on litigation financing bills from insurance industry representatives, who argued for disclosure and regulation of predatory litigation lending and warned about foreign interference and reduced plaintiff recoveries. No votes or final actions were taken during the hearing; members asked questions throughout, and the chair noted the need to move testimony along because of time constraints.
TX
Transcript Highlights:
- Some were going to the board meeting in January. Some are even more recent than that.
- The board approved about **$18 million** in January, so that's how you get to the **$409 million**: the
- Please turn to page 12.
- It is reasonable to take a full-time student equivalent where you apply 17 to 21 hours and keep 12 to
- On page 12 of your document, you talk about Texas Tech University Health Science Center at El Paso's
MA
Massachusetts 2025-2026 Regular Session
Senate Session Jun 21st, 2026 at 01:00 pm
Massachusetts Senate Floor Meeting
Transcript Highlights:
- represents a reduction of nearly $1 billion from the governor's House 1 recommendation that she filed in January
- We appropriate $83 million for our Attorney General's office, a nearly $9 million, or 12%, increase over
- The consensus revenue agreement was reached in January, and the governor filed her budget in January.
- that's reflected in this chart just a little bit, it also makes important investments in things like K-12
Summary:
The Senate first took up and passed several House bills establishing sick leave banks, including House 4182 for a Massachusetts Department of Transportation employee and House 1590 for Eric J. Awaniak. It also advanced and then enacted House 4237, a fiscal year 2026 appropriations bill providing interim funding before final action on the general appropriations act. During the session, Senator Collins also recognized Chaplain Clementina Cherry of the Lewis D. Brown Peace Institute as a distinguished guest, with remarks entered into the record.
The main business was the conference committee report on the fiscal year 2026 state budget, House 4001/House 4240. Senate Ways and Means leadership described the budget as balanced, on time, and fiscally responsible, with $61.01 billion in spending, no new taxes or fees, and a $33 million deposit to the stabilization fund. They highlighted major investments in Chapter 70 school aid, special education circuit breaker reimbursements, unrestricted local aid, MassEducate, universal free school meals, MBTA and regional transit funding, MassHealth, food security, and mental health services. The report also included policy items such as broker fee responsibility, fare-free regional transit, housing studies, a gold star family annuity provision, and a crumbling concrete commission.
Minority leader Senator Tarr and others questioned the spending reductions, use of one-time funds, and the treatment of excess capital gains, arguing for greater fiscal caution and concern about future federal actions and long-term spending growth. Supporters responded that the reductions reflected revenue uncertainty, federal policy risks, and the need to preserve budget stability, while using some one-time sources to balance the plan. The conference report was adopted by a roll call vote of 38-2, the emergency preamble for House 4240 was approved by standing vote, and the FY26 general appropriations bill was then enacted and sent to the Governor. The Senate also adopted an order to dispense with printing a calendar for the next session and adjourned until Thursday at 11 a.m.
CO
Colorado 2026 Regular Session
Colorado Senate 2026 Legislative Day 023 Feb 6th, 2026
Colorado Senate Floor Meeting
Transcript Highlights:
- on Judiciary, after consideration on the merits, the committee recommends the following: Senate Bill 12
- on Judiciary, after consideration on the merits, the committee recommends the following: Senate Bill 12
- >> Executive director of the Department of Higher Education, effective January 12, 2026, for a term expiring
- >> Executive director of the Department of Higher Education, effective January 12, 2026, for a term expiring
- 12, 2026, for a term expiring at the pleasure of the governor: James JB Holston of Denver, Colorado.
Summary:
The Senate convened with a quorum, approved the February 4, 2026 journal as corrected, and received several committee reports and bill status updates. Committee actions included favorable reports on Senate Bills 12, 13, 14, and 16, with some bills amended before being sent to the Committee of the Whole, and notice that Senate Bill 32 had been correctly engrossed and was ready for final passage. The chamber also laid over the general order second reading calendar until Friday, February 6, 2026.
The main floor action was final passage of Senate Bill 32, concerning the promotion of immunization access. Supporters argued the bill would help Colorado maintain a science-based vaccine policy, protect public health, and preserve pharmacists’ ability to provide vaccines amid concerns about federal instability. Several organizations were cited as endorsing the measure. The bill passed on a 20-12 vote.
The Senate also adopted Senate Joint Resolution 8, honoring Colorado’s 2026 Winter Olympians and Paralympians. Senators highlighted Colorado’s winter sports culture, training facilities, and the state’s many athletes competing in the Games, and one senator offered a tribute to a former Olympian in the chamber. The resolution passed unanimously, 32-0. In addition, the Senate confirmed governor’s appointments to the Department of Higher Education and the Private Occupational School Board on a 32-0 vote.
The meeting ended with announcements, including committee schedules and birthday recognition for Senator Zamora Wilson, followed by adjournment until Friday, February 6, 2026 at 9:00 a.m.
AL
Alabama 2026 1st Special Session
Alabama House (Capitol Chamber) Apr 1st, 2026
Alabama House Floor Meeting
Transcript Highlights:
- And whereas the<00:12:48.639>
legislature <00:12:49.360>will <00:12:49.600>be <00 - :12:49.839>
relocating <00:12:50.639>its the legislature will be relocating its the legislature - will be relocating its principal<00:12:51.519>
operations <00:12:52.720>to <00:12:53.040 - newly constructed<00:12:54.480>
legislative <00:12:55.200>building <00:12:56.240>located - >
the <00:12:57.680>capital <00:12:58.240>complex <00:12:58.800>of within
MN
Minnesota 2025-2026 Regular Session
House Human Services Finance and Policy Committee 4/7/26
Human Services Finance and Policy
Transcript Highlights:
- We<00:12:27.760>
also <00:12:28.040>have <00:12:28.280>a <00:12:28.360>hybrid - fee-for-service and<00:12:29.839>
managed <00:12:30.280>care <00:12:30.560>system. - We also<00:12:35.360>
have <00:12:35.640>fee-for-service <00:12:36.520>within <00 - :12:38.240>
program <00:12:39.360>and <00:12:39.520>that <00:12:39.720>has - :56.960>
program <00:12:57.240>integrity <00:12:57.720>aspects <00:12:58.080> - :56.960>
NH
New Hampshire 2025 Regular Session
House Education Policy and Administration (11/05/2025)
Transcript Highlights:
- >
aware <00:12:00.800>that <00:12:01.680>um <00:12:02.240>it <00:12:02.560 - :04.000>
uh <00:12:04.160>on <00:12:04.959>uh <00:12:05.519>staff <00:12:06.399 - >
we <00:12:33.920>change <00:12:34.240>some <00:12:34.480>of <00:12:34.639 - >
that <00:12:38.720>in <00:12:38.959>cases <00:12:39.279>of <00:12:39.519 - :12:49.040>
that <01:12:49.280>it <01:12:49.440>is <01:12:49.679>it <01:12
Summary:
The House Education Policy and Administration Committee met to hear a non-germane amendment to House Bill 131, which concerns bullying and cyberbullying prevention. Representative Glenn Cordelli, the prime sponsor, said the amendment was intended to revise and improve language from last year’s SB 210 and to incorporate measures from a cyberbullying bill previously passed by the House. He described changes to school communication requirements, mandatory reporting of bullying and retaliation, stronger investigation and collaboration requirements for cross-district cases, added safety and remediation language, a required conference with the alleged perpetrator and parents if available, updated reporting deadlines, and disciplinary consequences for harassment, intimidation, retaliation, and false reports. He also noted a later amendment would be needed to insert the words “the perpetrator” in one section, and he explained that some changes were meant to align with prior legislation and legislative drafting suggestions.
Committee members raised several concerns. Representative Murray questioned the treatment of private and parochial schools, the change from gross negligence to negligence, and the removal of a definition of bullying based on imbalance of power and perceived characteristics. Representative Damon also objected to deleting that definition, arguing it would narrow the scope of bullying too much. Representative Han spoke in opposition, saying the amendment was too broad, unnecessary in parts, and not ready for final action; he criticized the removal of the imbalance-of-power language, the conference requirement when parents may not participate, and the reporting obligations for bus drivers and others. Cordelli responded that some issues were already addressed in prior law or SB 210 and that private schools have their own policies.
Michelle Wongran of New Hampshire Legal Assistance testified in opposition, saying the bill was being heard without enough notice and that it does far more than the committee analysis suggests. She said the amendment adds undefined retaliation language, imposes reporting duties on school vendors and contractors, may conflict with FERPA and other federal privacy rules, and includes provisions that could have serious implications for schools and students. She said she supports parental involvement and some conference provisions in concept, but urged the committee to reject the amendment or at least send it through the normal legislative process for fuller review. No vote was taken during the hearing portion described in the transcript.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Veterans and Federal Affairs Jun 21st, 2026 at 01:00 pm
Joint Committee on Veterans and Federal Affairs
Transcript Highlights:
- The reason why I am in favor of this is an anecdotal experience that I live very vividly in January of
- Hopefully that's 12 months. Hopefully it's no later than six months from their actual transition.
- Because in January 2024, the Commonwealth faced a major revenue shortfall.
- Because in 2024, January that is, the Commonwealth faced a major revenue shortfall.
- And at the monthly payout, we take that annualized, we're at $112 million in the last 12 months paid
Summary:
The Joint Committee on Veterans and Federal Affairs held its second public hearing of the 2025–26 session, with opening remarks from Chairs John Velis and Joe McGonagle outlining testimony on 20 House bills and 18 Senate bills. The hearing covered a wide range of veterans issues, including municipal veterans assistance funds, pension equity, expanding the Office of the Veterans Advocate, veterans service officer staffing, disability benefits eligibility, service dogs, POW tax relief, courtesy parking spaces, women veterans and motherhood, and workforce-related licensing and employment measures. Chairs emphasized the hybrid format, three-minute testimony limit, and written testimony process.
Several bills drew support focused on expanding services and access. Representative Arena-DeRosa spoke for bills to broaden municipal veterans assistance funds to cover housing and legal expenses and to study enhanced pension equity for veterans, citing burn pit exposure and shorter life expectancy among veterans. Senator Fattman, Representative Peas, and Veterans Advocate Bob Notch supported bills expanding the Office of the Veterans Advocate to include active-duty service members and their families, arguing it would improve transition support, coordination with state agencies, and retention of military talent in Massachusetts. Representative Arriaga backed a bill to incentivize municipalities to provide full-time or regional veterans service officers and another to study the impact of combat on women veterans and motherhood. Representative Moulton/another sponsor also sought to exempt veterans’ disability payments from income calculations for other state benefits, and Representative Hong and Senator Scanlan supported a state service dog program, POW income tax relief, and courtesy retail parking spaces for veterans.
Testimony also focused on workforce and claims-assistance issues. The Military Officers Association of America and James Keene urged passage of bills waiving duplicative education requirements so qualified veterans and military medics can become licensed practical nurses, arguing it would help address health care shortages and recognize military training. Brave Veterans Inc. called for a Veterans Research Trust Fund to protect data and program evaluation work during budget cuts. On claims assistance, one witness supported criminal penalties for unaccredited agents who charge veterans for VA claims help, while a private consulting firm opposed the bill, arguing it would restrict lawful speech and veterans’ choice and that existing federal and HERO Act safeguards already address abuses. The VFW strongly opposed paid claims consulting, said its accredited service officers provide free help statewide, and urged more public awareness of existing free services. No votes or final committee actions were taken during the hearing.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Public Service Jun 21st, 2026 at 01:00 pm
Joint Committee on Public Service
Transcript Highlights:
- Within this group of 20, 12 harbor masters are currently Group 4, with Plymouth being one of only seven
- The commission has been operating since January and met a ton of times.
- of the 10 attorneys who were in my unit when I started, I think only three are still with CPCS after 12
- Well, I know that this has been going on since before I started working at Local, which was 12 years
- January '24 came, and we didn't get it. The summer... January '24 came, and we didn't get it.
Summary:
The Joint Committee on Public Service heard testimony on a wide range of retirement, municipal workforce, and public employee labor bills. Early testimony focused on H. 2749, a Plymouth home rule petition to classify Plymouth harbormaster employees as Group 4 for retirement purposes. Supporters, including local officials and retirement board representatives, argued the employees perform law-enforcement and rescue duties comparable to police and fire personnel, that the change would be fair, and that it would have little or no fiscal impact on the town. A separate harbormaster-related bill, H. 2743, was also introduced later in the hearing.
The committee also heard testimony on provisions of the Municipal Empowerment Act (H. 56), including a temporary critical-shortage exemption allowing retired state or municipal employees to return to work in hard-to-fill positions, and a renewed OPEB commission to study retiree health care costs. Administration and municipal officials said the measures were needed to address staffing shortages and rising benefit liabilities, while emphasizing the shortage exemption would be time-limited and require proof of recruitment efforts. Related retirement bills drew support and caution: advocates for higher COLA bases and enhanced COLA benefits urged relief for retirees, but some asked the committee to wait for recommendations from the special COLA commission before acting.
A major portion of the hearing concerned labor rights at the Massachusetts Water Resources Authority and the Committee for Public Counsel Services. Union representatives and employees backed bills to extend just-cause protections, promotional rights, and collective bargaining rights to MWRA and CPCS workers, arguing they currently lack protections available to most other public employees. Testimony described unfair discipline, delayed promotions, and high turnover, and committee members indicated prior favorable action on similar MWRA bills and expressed support for addressing CPCS labor rights. The committee also heard from representatives of the Massachusetts Municipal Association and public higher education employees in support of H. 2820, which would require timely funding of ratified state employee contracts, with witnesses describing long delays in receiving negotiated raises and back pay. No votes were taken during the hearing, and the chair repeatedly invited written testimony and closed each panel after questions.
WA
Washington 2025-2026 Regular Session
Select Committee on Pension Policy May 19th, 2026 at 10:00 am
Select Committee on Pension Policy
Transcript Highlights:
- Our tax counsel seems to think it could be 12 months; it could be 18 months. We don't know.
- Come January, we would love to have you and your wife come and join us. Okay? All right. Thank you.
- Come January, we would love to have you and your wife come and join us. Okay? All right. Thank you.
- Come January, we would love to have you and your wife come and join us. Okay? All right. Thank you.
- Let's see if we can do it at 12:20, okay? 12:20. Give us a break.
Summary:
The Select Committee on Pension Policy approved its minutes by roll call vote, then postponed an OSA annual update due to a family emergency. The committee received an Open Public Meetings Act refresher from Assistant Attorney General Kate Adams, who reviewed key compliance points including quorum and serial meetings, notice and agenda rules, executive session limits, public comment requirements, and the consequences of violations. She also noted a litigation hold notice sent to members and provided resources for further guidance.
Staff then briefed the committee on E2 Second Substitute House Bill 2034, which restates and terminates LEOFF 1 on June 30, 2029, creates a restated LEOFF 1 funded by transferred assets, and places excess assets into a pension surplus holding account that could later be used by the state. The bill requires DRS to seek IRS guidance, directs OSA to calculate the transfer amount and assess any future unfunded liability, assigns implementation duties to DRS, OSA, the Pension Funding Council, the State Investment Board, and the Treasurer, and requires two SCPP studies on LEOFF 1 medical benefits and policy oversight. OSA’s actuary estimated the transfer to the surplus holding account at about $3.9 billion under current assumptions and said the bill increases the modeled chance of future state contributions if the restated plan falls below 100% funded; members asked about IRS timing, the 2029 transfer date, and whether the 110% buffer is sufficient.
The committee also received an update on the LEOFF 1 medical benefits study required by the bill. Staff said the study will examine the administration of pension boards and medical liabilities, likely focusing on medical benefits, and will gather anonymized data from local boards, cities, counties, and related agencies over the next three years. Members and public commenters discussed the number and structure of local boards, whether spouses receive medical benefits, and the possibility of regionalizing or consolidating administration. No action was taken, but staff said they would return with milestones and further updates.
Finally, staff outlined a possible Plan 3 study, prompted by DRS, to evaluate whether the original goals of Plan 3 have been met after 30 years. The proposed study would review historical context, member choice outcomes, policy questions, and possible recommendations over a two-year period. The committee also heard an update on new correspondence procedures, including a new online web form, a correspondence log in meeting packets, and removal of correspondence from the public website. During public comment, retiree groups urged the committee to pursue an ongoing COLA for PERS and TRS Plan 1, with interim ad hoc COLAs until then, while LEOFF 1 retirees urged caution about changing the current board structure and emphasized the complexity of medical benefit administration.
NM
New Mexico 2025 Regular Session
IC - Legislative Health and Human Services Jun 25th, 2025
Legislative Health & Human Services Committee
Transcript Highlights:
- So since January 20th, 298 official presidential actions have been taken, including 46 on the first day
- So um let's go ahead and move on to uh the first day, January 20th.
- Probably the biggest one that came out on January 20th was Executive Order 14148, and it was basically
- Um, and then a few other things that happened on January 20th.
- And so we have done, um, about 12 counties so far. That's what you see there.
NH
Transcript Highlights:
- So we want to make sure that it's clear that's a 12-month aggregate in generation and consumption so
- <00:32:59.720>
and um in in December and January and um in in December and January and February - want to make sure that it's clear that's want to make sure that it's clear that's a<00:33:04.159>
12 - c> aggregate<00:33:05.600>
in <00:33:05.919>generation <00:33:06.399>and a 12 - -month aggregate in generation and a 12-month aggregate in generation and consumption<00:33:07.000>