Video & Transcript Research : 'reporting thresholds'
Page 165 of 500
TX
Transcript Highlights:
- 271, in which the minutes did not reflect that the committee substitute was adopted prior to being reported
- is only paid for classroom hours. was making it impossible for them to meet the 30 hours per week threshold
- The data that's in my report clearly shows that this is something that's not being done right now.
- I ask for your favorable support to report out to the full House, and I thank you, Mr.
- Okay, here's the final report. Ms. Davis. We'll call the panel up, please.
Bills:
HB42, HB 125, HB 1233, HB2853, HB3148, HB3326, HB3701, HB4066, HB4361, HB4762, HB4909, HB4912, HB42, HB125
Keywords:
higher education, funding, financial allocation, state budget, Texas A&M University, University of Houston, education funding, medical education, osteopathic medicine, healthcare workforce, Tarleton State University, industry-recognized credentials, workforce development, career opportunities, feasibility study, student fees, university funding, student union, education, UT El Paso
FL
Florida 2026 Regular Session
Joint Administrative Procedures Committee Feb 3rd, 2025
Transcript Highlights:
- We've received 31 objection reports, which, as Chair Overdorf said, is an extensive list.
- We call these sunset provisions, and the objection reports allege that these provisions are an invalid
- different view on the legality of sunset provisions from the view that's expressed in the objection reports
- As we then went into early 2022, a summary report was provided of the TAC’s findings.
- of their rules will be reviewed each year until the reviews are complete, and to provide an annual report
Summary:
The Joint Administrative Procedures Committee met on February 3, 2025, with a quorum present and took up three main items. First, the committee considered a large set of recommended objections to Agency for Health Care Administration rules, all centered on sunset provisions stating the rules would expire after five years. AHCA asked for another deferral while it reviewed the rules, arguing the sunset language was a form of self-restraint rather than an invalid exercise of rulemaking authority. Committee leadership disagreed that further delay would resolve the issue and moved to a single vote covering all objections. The motion passed by roll call, and the committee informed AHCA that an objection would be filed unless the agency amended the rules within 30 days.
The committee then heard an informational briefing from the Department of Environmental Protection on its Outstanding Florida Springs rule and stormwater rule. DEP explained that it did not prepare a statement of estimated regulatory cost for the springs rule because the proposed standards largely mirror existing water management district rules and the Central Florida Water Initiative framework, so DEP said there was no new regulatory burden. Members asked about permit authority, costs, and whether the rules were functionally different from prior rules. DEP maintained the rules set minimum standards and did not add costs beyond what regulated parties were already doing.
DEP also described implementation of the stormwater rule adopted under the 2020 Clean Waterways Act and later ratified by the Legislature in 2024. DEP said the rule was the product of years of workshops and technical advisory committee meetings, and that the final version included lower-cost alternatives, grandfathering, and phased implementation. DEP estimated the rule’s cost at about $2,600 per acre in the revised CERC, while industry witnesses said the real cost could be much higher, especially if land costs are included. A home builders representative argued the estimate understated impacts, while a stormwater engineer said the rule gives more flexible, performance-based tools and could become more cost-effective over time.
Finally, Senator Graal presented proposed Chapter 120 changes in SB 108, aimed at tightening and modernizing rulemaking. The proposal would require five-year rule reviews, annual agency reporting, faster notice of proposed rulemaking after authorizing legislation, electronic filing, public access to incorporated materials, clearer tracking of technical changes, and limits on how long rules can remain pending ratification. Members discussed whether the Legislature should be more specific in statutes about rulemaking deadlines and whether agencies should be more accountable when rules stall. No formal action was taken on the Chapter 120 proposals, and the committee adjourned after discussion.
AZ
Transcript Highlights:
- It would have to be something very extreme for them to report it to the nursing license.
- It would have to be something very extreme for them to report it to the nursing license.
- If a student's just angry, they'll call the state board and report me on my license just to get back
- Finally, the bill adds pharmacies to CSPMP reporting requirements and expands on those reporting requirements
- The current CSPMP reporting requirements are to remain through June 30, 2027.
Keywords:
nursing board, regulatory actions, disciplinary actions, expungement, healthcare professionalism, controlled substances, prescription monitoring, opioid crisis, healthcare regulations, patient safety, prescription drugs, opioids, healthcare, pain management, utilization controls, AHCCCS, Department of Economic Security, social services, welfare programs, vocational rehabilitation
Summary:
The committee first took up several continuation bills to extend state boards and agencies, including HB 2728 for the Department of Economic Security, HB 2729 for the State Board of Nursing, HB 2730 for the Board of Occupational Therapy Examiners, HB 2731 for the Physician Assistants Board, and HB 2732 for the Board of Pharmacy. Each was moved for a due pass recommendation, with HB 2731 amended to continue the physician assistant board for four years instead of two. All of these continuation bills passed the committee with strong support.
The committee then heard HB 2408, a nursing board reform bill dealing with complaint investigation procedures, timelines, confidentiality, complaint prioritization, access to investigative files, expungement of certain disciplinary actions, and a revised definition of unprofessional conduct. The sponsor and supporters argued it would improve fairness, allow limited expungement for older non-patient-safety issues, and address long investigation delays. The nursing board president and other opponents warned it would raise the evidentiary standard, weaken patient safety protections, and erase useful disciplinary history. After extensive testimony, the committee adopted an amendment and passed the bill 7-4-1.
Next, the committee considered pharmacy-related reforms. HB 2434 updated the controlled substances prescription monitoring program, including registration, reporting, confidentiality, and a compliance work group; it passed unanimously after amendment. HB 2733 allowed pharmacists and technicians to complete continuing education after renewal submission if finished before expiration, clarified prescription delivery locations, and addressed temporary operation during ownership changes; it also passed unanimously after amendment. Finally, HB 2725, which would have restricted access contractors from substituting non-opioid drugs and limiting non-opioid utilization controls, drew concerns that it was too broad and could affect many drug classes and costs. After amendment and debate, the committee failed to give HB 2725 a due pass recommendation by a 6-6 vote, and the meeting adjourned.
FL
Florida 2026 4th Special Session
January 20, 2026 - 09:30 AM
Transcript Highlights:
- HB 831, Problem Solving Court Reports. You are recognized.
- Chair Alvarez: HB 831 reports favorably. Congratulations.
- Chair: HB 747 reports favorably. You're on your way. Thank you.
- This reports favorably as amended. Congratulations, you two.
- Chair Alvarez: Show this reports favorably. Members, that's it.
TX
Transcript Highlights:
- Another thing that stood out to me in the news reporting is that one of the companies reported that Texas
- She's the consumer reporter at NBC DFW who brought this issue forward.
- Over 50% of women report intense pain during IUD insertion, with some reporting fainting or vomiting.
- Uh, this is a report that was released on March 18th.
- And the San Antonio Express News just reported on my former insurer.
TX
Transcript Highlights:
- Another thing that stood out to me in the news reporting is that one of the companies reported that Texas
- I wanted to compliment and highlight the reporting of Deanna Zoga.
- Women who have experienced sexual assault often report PTSD.
- This is a report that was released on March 18.
- They report a blockbuster 2020.
Bills:
HB854, HB 1052, HB1642, HB2076, HB3042, HB3695, HB3787, HB4062, HB4092, SB213, SB493, SB896, HB5519, HB4635
Keywords:
insurance, replacement cost, homeowner's policy, renter's policy, condominium insurance, property damage, claims process, telemedicine, teledentistry, telehealth, health benefit plan, insurance coverage, out-of-state services, anxiety, pain management, contraceptive devices, women's health, medical procedures, healthcare, laboratory
MN
Minnesota 2025-2026 Regular Session
House/Senate DFL Press Conference 5/15/25
Transcript Highlights:
- And I want this to be clear, and I want everyone to report this.
- We have a crisis in the country from working families, working poor, that are in this threshold between
Summary:
House and Senate DFL lawmakers, joined by Unidos Minnesota and other allies, held a press event responding to a budget deal they said would end MinnesotaCare coverage for roughly 20,000 undocumented adults at the end of the year while preserving coverage for children. Speakers, including Rep. Cedrick Frazier, Sen. Sandy Leafman, and Emilia Gonzalez Davalos, argued the agreement was cruel, would harm vulnerable families and essential workers, and was being justified under a false claim of fiscal responsibility. They said the affected people are Minnesota residents who work, pay taxes, and contribute to the state, and they rejected the idea that private insurance markets are a viable substitute.
The speakers emphasized that many enrollees are receiving ongoing care such as cancer treatment, dialysis, insulin, and asthma medication, and warned that losing coverage would push people into emergency rooms and increase costs for hospitals and communities. They also said the deal set a dangerous precedent by using mixed-status families and undocumented workers as bargaining chips in negotiations. Several speakers framed the issue as part of broader attacks on immigrant communities at the federal and state levels.
In response to questions, the lawmakers said they had not been given meaningful input on the agreement, that the DFL leadership had tried to make the “least harm” choice, and that the members speaking would vote no on the provision. They said their focus was on this specific health-care agreement rather than other budget bills, and they indicated the program’s cost was within projections, citing about 20,000 enrollees, roughly 17,000 adults, and spending under $4 million so far. The event ended with a call to continue fighting the deal and to pursue a Minnesota public option and broader long-term coverage solutions.
US
US Federal 2025-2026 Regular Session
Hearings to examine opportunities to strengthen water infrastructure programs, focusing on the IIJA's successes. Apr 30th, 2025 at 09:00 am
Environment and Public Works Committee
Transcript Highlights:
- through principal forgiveness or grants allowing your range or up to percentage rather than a fixed threshold
- success. success, future funding should be accompanied by streamlined federal guidance and simplified reporting
Keywords:
Infrastructure Investment and Jobs Act, water infrastructure, lead service lines, federal reauthorization, sustainability, cybersecurity
Summary:
The meeting primarily focused on discussions surrounding the Infrastructure Investment and Jobs Act (IIJA) and its implications for local water systems. Various witnesses highlighted the transformative impact of the bipartisan infrastructure law, which has provided an unprecedented amount of funding to help address long-standing issues in drinking water infrastructure, particularly concerning lead service line replacements and sustainability in water management. The discussions emphasized the urgent need for federal reauthorization to continue supporting these initiatives, as many rural and disadvantaged communities still face substantial barriers in upgrading their water systems. Additionally, cybersecurity risks were noted, raising concerns over the vulnerability of water systems across the nation.
CA
California 2025-2026 Regular Session
Assembly Floor Session May 26th, 2026
California House Floor Meeting
Transcript Highlights:
- Reports of committees will be deemed read and amendments deemed adopted.
- Payments include strong reporting and oversight requirements.
- Reports have just come out.
- Reports have just come out. Thank you.
- themselves, and then have the knowledge to interpret their reports.
Summary:
The Assembly convened in session, established a quorum, offered a prayer and pledge, and then moved through a very large third-reading file while urging members to be at their desks for their bills. The day featured many support measures on housing, health care, public safety, local government, labor, education, and consumer protection, with repeated reminders that absent authors would have their bills skipped. Several bills were passed temporarily or retained on file, but the chamber spent most of the time taking up individual measures and voting on them.
Among the bills discussed were measures on land surveying, nurse midwifery access, historic-district transit zoning, EV charging infrastructure, foreclosure equity protections, tribal inclusion in interstate cannabis commerce, outdoor advertising permitting delays, commercial building permit timelines, DUI penalties, farmworker disadvantaged-community designation, restaurant reservation bots, open-space tax exemptions, pop-up business permits, anti-hate training for officials, sideshows and street takeovers, utility rate transparency, CalWORKs eligibility, dynamic electricity rates, interior designer licensure, compost contamination, modular housing standards, small claims limits for businesses, Native American Day as a paid state holiday, rural maternity care funding, protective orders tied to defendant release, immigrant service provider privacy under Safe at Home, mentally disordered offender evaluations, compounded weight-loss drug regulation, plasma donation center rules, missing persons DNA database updates, AI chatbot safeguards for children, an official state apology to California Native peoples, foster youth housing navigation, CTE teacher credentialing, Medi-Cal protections against federal cuts, CalFresh protections, public hospital physician employment authority, child care, and film tax credit changes for post-production work.
Testimony was generally supportive from authors, who framed the bills as cleanup, modernization, consumer protection, or targeted equity measures. A few measures drew notable opposition or debate, especially AB 2624 on Safe at Home privacy protections for immigrant service providers, where opponents argued it could chill journalism and transparency while supporters said it was needed to protect people facing doxing and threats. AB 2208 and AB 2299 were presented as responses to federal HR 1 impacts on Medi-Cal and CalFresh, and AB 2023 on AI chatbots drew emotional support centered on child safety and a reported suicide case. The chamber also heard strong advocacy for Native American recognition bills, rural health access, and housing affordability.
Most bills passed with little or no opposition, often unanimously. Recorded votes included AB 1933 (48-0), AB 1696 (49-0), AB 2415 (54-0), AB 1820 (50-0), AB 1957 (53-0), AB 2506 (60-0), AB 2024 (58-0), AB 2418 (61-0), AB 1578 (44-17), AB 1600 (46-9), AB 1661 (44-10), AB 1715 (46-7), AB 1755 (66-0), AB 1787 (43-5), AB 1796 (45-6), AB 1812 (47-1), AB 1815 (57-0), AB 1827 (59-0), AB 1841 (64-0), AB 1868 (61-0), AB 1882 (64-0), AB 1889 (69-0), AB 2624 (49-19), AB 1897 (57-1), AB 1990 (52-0), AB 2009 (65-0), AB 2018 (60-0), AB 2023 (58-8), AB 2115 (65-0), AB 2162 (60-0), AB 2206 (62-0), AB 2208 (42-17), AB 2237 (54-0), AB 2241 (62-0), AB 2246 (56-1), AB 2249 (51-0), AB 2299 (51-1), AB 2311 (65-0), and AB 2314 (68-0). The session ended with the Assembly still working through the file, including the opening of AB 2319 on film tax credits.
MN
Transcript Highlights:
- That was a bookkeeping error, so should they have been reported to law enforcement?
- That was a bookkeeping error, so should they have been reported to law enforcement?
- error so should they have been reported error so should they have been reported to<00:38:18.359>
- I wanted to speak on this bill because, like most of you, I read those reports from Sahan Journal and
- I think I read the reports and, similarly, was really concerned.
Keywords:
Office of Inspector General, inspector general, legislative audit, fraud prevention, waste and abuse, public funds, grant oversight, state grants, grant management, whistleblower protection, retaliation, subpoena power, data practices, government transparency, accountability, law enforcement referrals, sanctions, debarment, payment withholding, public assistance fraud
NM
Transcript Highlights:
- to present House Memorial 4, which is requesting the Legislative Finance Committee to study. and report
- UAUNM supports House Memorial 4's request that the Legislative Finance Committee study and report on
- Also important are the reporting documentation and review provisions in Section E.
- And on page 3, it talks about a 2018 report from the Education Commission of the United States.
- The requirements of reporting the training are not manageable in its current form.
Keywords:
graduate scholarship, higher education funding, New Mexico, appropriation, financial aid, education, documentary, historical figure, Padre Antonio Jose Martinez, Northern New Mexico State School, SB179, Senate Bill 179, UNM, University of New Mexico, medical Spanish, Spanish-language curriculum, health sciences, health professions education, language access, bilingual healthcare
FL
Florida 2025 Regular Session
Regulated Industries Mar 12th, 2025
Transcript Highlights:
- And by your Vote SB 578 will be reported favorably members tab 4.
- And by your Vote SB 570, is reported favorably. All right. We'll go to Tab 6 SB 928.
- Reported favorably. Hand the gavel back to Chair Bradley. >> Very good.
- Is reported favorably. Thank you, Madam Chair.
- Senator Ingoglia. >> Madam Chair, if you can report mean affirmative on tab one 5 10 6.
CA
California 2025-2026 Regular Session
Assembly Utilities and Energy Committee Jun 24th, 2026
Utilities and Energy
Transcript Highlights:
- In its 2025 reports to the Legislature, the Public Utilities Commission forecast average annual rate
- You know, right now it's estimated about 20% according to the 254 report, about 20% of the PG&E bill
- Right now, the reports are done quarterly, and this bill would say that you only have to do it twice
- And so we did some analysis, which is cited in the report, and so you can find all the details.
- This bill was really only meant to capture additional reporting on larger distribution projects like
CA
California 2025-2026 Regular Session
Assembly Floor Session May 26th, 2026
California House Floor Meeting
Transcript Highlights:
- Reports of committees will be deemed read and amendments deemed adopted.
- Payments include strong reporting and oversight requirements.
- Reports have just come out. Thank you.
- Reports have just come out. Thank you.
- themselves, and then have the knowledge to interpret their reports.
Summary:
The Assembly convened, established a quorum, and proceeded through a large House of Origin floor file, with the Speaker repeatedly urging members to be at their desks and keep support bills brief. Early actions included dispensing with the journal, re-referring AB 2285 to the Banking and Finance Committee, and then taking up dozens of third-reading items, with many bills passed by voice or recorded vote and others passed temporarily or retained on file.
The floor debated and passed a wide range of measures on land use, housing, labor, public safety, health care, utilities, taxation, and consumer protection. Among the bills approved were measures on land surveyor review (AB 1933), nurse midwife access for pregnant and postpartum patients (AB 1696), historic-district transit zoning flexibility (AB 2415), EV charging infrastructure fees and timelines (AB 1820), foreclosure bidding protections (AB 1957), tribal cannabis commerce (AB 2506), outdoor advertising permitting (AB 2024), commercial building permit timelines and third-party plan checkers (AB 2418), DUI penalties (AB 1685 and AB 1687), utility rate transparency (AB 1715), CalWORKs work-penalty changes (AB 1755), dynamic electricity rates (AB 1787), interior designer licensure (AB 1796), compost labeling and contamination rules (AB 1812), modular housing standardization (AB 1815), small claims limits for businesses (AB 1827), Native American Day as a paid state holiday (AB 1841), hospital staffing and maternity access bills (AB 1868 and AB 1882), protective orders tied to release dates (AB 1889), and a series of public health, missing persons, and teacher credentialing measures later in the file.
Several high-profile bills drew extended debate. AB 2624, expanding Safe at Home privacy protections to immigrant service providers, prompted sharp disagreement over free speech and alleged limits on online posting, but supporters said it protected workers facing threats and doxing; it ultimately passed 49-19. AB 2023, creating a framework for regulating AI chatbots used by children, was framed as a child-safety measure after testimony about chatbot-related harms and suicide risks, and passed 58-8. Other notable votes included AB 2208 on Medi-Cal protections against federal cuts, AB 2299 on CalFresh/SNAP losses, AB 2115 apologizing to California Native peoples for historic state harms, and AB 2311 on public hospital physician employment; the transcript ends as the Assembly continues working through the remaining file.
MN
Minnesota 2025-2026 Regular Session
Human Committee Meeting - 2026-04-14
Human Services Finance and Policy
Transcript Highlights:
- These reports were completed in 2024.
- These reports were completed in 2024.
- outcome of that report? outcome of that report? >> Mr.<00:35:18.320>
Nelson. - ,<01:20:57.600>
it or if it reached a higher threshold, it or if it reached a higher threshold - However, there would still be reports made so the committees were alerted to those overruns.
Keywords:
county cost share, economically distressed county, human services finance, substance use disorder treatment, SUD services, civil commitment, state aid, county levy, poverty threshold, tax-exempt acreage, property tax exemption, Minnesota human services, county fiscal relief, local government finance, chemical dependency, behavioral health, PACE, elderly, Medicaid, health services
AZ
Arizona 2026 Regular Session
01/06/2026 - Senate Ad Hoc Committee on Access to Breakthrough Mental Health Therapies
Transcript Highlights:
- It was considered a lower-threshold diagnosis, and for a long time, I denied it.
- I'm very happy to report that we are now enrolling participants. These...
- I'm very happy to report that we are now enrolling participants.
Summary:
The Senate Ad Hoc Committee on Access to Breakthrough Mental Health Therapies met to discuss psychedelic-assisted treatments for serious mental health conditions, with a focus on psilocybin, ibogaine, MDMA, and related compounds. The chair framed the issue as a clinical and access problem for veterans, first responders, and others with PTSD, depression, TBI, addiction, and suicidal ideation, emphasizing that these therapies are intended for supervised medical settings rather than take-home use. Members reviewed research claims and policy trends, including FDA breakthrough therapy designations, state-level psychedelic legislation, and the role of Arizona’s right-to-try law in expanding access once federal approval is in place.
Testimony came from Alan Mullen, a retired Army Special Forces veteran, who described his PTSD/TBI history and said ibogaine treatment helped him confront trauma and showed promise in reducing symptoms under strict medical monitoring. Dr. Sue Cisley of Scottsdale Research Institute described ongoing FDA-controlled trials in Arizona, said current medications often fail high-need patients, and urged removal of research barriers and preparation for right-to-try and expanded access. Dan Freiberg of the Professional Firefighters of Arizona said firefighters face chronic exposure to trauma, often rely on alcohol or other coping mechanisms, and need effective alternatives beyond traditional therapy. Dr. Chung Trin discussed late-stage psychedelic trials, the FDA breakthrough pathway, safety oversight, and the need for state readiness when approvals occur.
Committee members asked about how the treatments work, whether they require psychotherapy support, safety concerns including suicidality and black-market abuse, patenting and synthetic versus natural versions, and costs compared with ketamine and other treatments. Witnesses said the therapies are administered with extensive screening, monitoring, and integration support, and argued that addiction potential appears low under medical supervision. The discussion ended with interest in sending correspondence to federal officials to support right-to-try cooperation and in continuing the research and policy work; no formal vote or action was taken in the portion provided.
FL
Florida 2025 Regular Session
March 25, 2025 - 12:00 PM
Transcript Highlights:
- House Bill 1055 is reported favorably. Thank you. No noes. House Bill 1055 is reported favorably.
- CS for HB 4073 is reported favorably. Thank you, Mr. Chair. Thank you.
- Show HB 293 is reported favorably as a committee substitute.
- PCS for HB 731 has been reported favorably. Congratulations, Rep. Mello.
- HB 889 is reported favorably. Good work. HB 889 is reported favorably. Good work.
Summary:
The Government Operations Subcommittee heard a long agenda of bills covering education, public safety, local government, labor relations, and foreign policy. Early measures included HB 1055, which would support Florida State University’s Election Law Center; CS/HB 4073, a Leon County local bill updating career service rules for sheriff’s office employees; CS/HB 253, creating penalties for license plate obscuring devices and misuse of emergency-style lights; and HB 293, codifying the Office of Faith and Community in the Governor’s Office and creating a liaison and advisory council. Members raised questions on academic freedom in HB 1055 and on church-state concerns and oversight in HB 293, but both bills advanced after supportive testimony from university, faith-based, and law enforcement representatives. The committee also approved HB 4029, a local bill for the Greater Naples Fire Rescue District, and HB 889, requiring classroom driver education for minors before licensure, with supporters emphasizing roadway safety and teen crash reduction.
The committee then took up PCS/HB 731, which would require standardized testing for admission to health-related degree programs at state universities. The sponsor argued the bill would ensure qualified applicants and objective admissions standards, while several members and public witnesses raised concerns that it would duplicate existing requirements like the MCAT and create unnecessary barriers; the bill still passed, though with several no votes. HB 1519, expanding Florida’s anti-BDS law to cover academic boycotts, nonprofits, local governments, and certain grants, drew strong support from Jewish organizations and strong opposition from speakers who argued it chilled free speech and punished criticism of Israel. After an amendment narrowing and clarifying parts of the bill, it passed favorably as a committee substitute.
The most contentious debate came on HB 1387, a major overhaul of Public Employees Relations Commission procedures and public-sector union rules. Supporters said the bill would streamline PERC processes, improve fairness, and address cases where unions were certified with very low participation; opponents, including teachers and labor advocates, said it weakened collective bargaining and public employee rights. After a strike-all amendment and extensive testimony, the bill passed as a committee substitute. The committee also approved HB 351, which adds extreme speeding to reckless driving and increases penalties, after removing impoundment language in an amendment, and PCB GOS 25-07, preserving a public records exemption for minors seeking judicial waiver of parental notice/consent for abortion. The meeting adjourned after all measures were reported favorably.
WY
Transcript Highlights:
- drug-gun cases, which are common in narcotic prosecutions where the gun charge sticks but the drug threshold
- drug-gun cases, which are common in narcotic prosecutions where the gun charge sticks but the drug threshold
- <00:27:22.400>
drug the gun charge sticks but the drug the gun charge sticks but the drug threshold - doesn't<00:27:23.760>
meet <00:27:24.000>the <00:27:24.400>prosecution threshold - doesn't meet the prosecution threshold doesn't meet the prosecution level. level. level.
MO
Transcript Highlights:
- We do annual reports with all of them. We know all of our agencies.
- I have the report. I don't have it with me right now currently.
- And there is an ARPA portal that they report this information in.
- Did I miss something, or was that noted in the report? It was not.
- I know the SMARI report I talked about. ...from lack of advertising.
MO
Missouri 2026 Regular Session
Joint Committee on Public Employee Retirement Apr 28th, 2026 at 08:30 am
Joint Committee on Public Employee Retirement
Transcript Highlights:
- asset allocation, benchmarks, and risk measures to the board, and then they perform monitoring and reporting
- I will say the $1,000 that is a de minimis threshold the IRS sets.
- Those reports are public. So we make decisions based on the best information that we have.
- So the fees over six to seven years, and these are public as well, they're in our annual financial reports
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 staff and its investment consultant reviewed the system’s structure, membership, funding policy, and investment approach. They reported a June 30, 2025 funded ratio of 55.4%, with about $17.4 billion in liabilities and $9.6 billion in assets, and explained that the board certified a 32% employer contribution rate under its minimum contribution policy, up from 30.25%, which will increase state appropriations. They also described the system as mature, with more retirees and inactive members than active employees, and said declining payroll growth has made it harder to improve funding.
The presentation emphasized that recent board actions were intended to strengthen the plan over the long term, even though they increased near-term costs. Those changes included lowering the assumed investment return over time to 6.95%, updating mortality assumptions, moving from an open to a closed amortization schedule, and adopting a minimum employer contribution policy. The investment consultant said MOSERS historically used a more risk-balanced asset allocation than many peers, which helped explain weaker relative returns during a long period when public equities outperformed; the board has since shifted toward a more equity-oriented allocation. He said recent performance has improved, with the portfolio outperforming its policy index and ranking better against peers in the short term, though longer-term peer performance remains a concern.
Committee members questioned why the funded ratio had declined over roughly 20 years and whether past investment and actuarial assumptions were too optimistic or too conservative. MOSERS officials responded that the current board is trying to correct earlier decisions and that the present strategy is more in line with industry practice. Members also discussed a proposed MOSERS bill package that would automatically refund small balances to terminated non-vested members and increase deferred compensation auto-escalation, with officials saying the refund provision would improve efficiency and return small balances sooner. The committee also briefly discussed ongoing litigation involving Catalyst Capital; MOSERS said attorney fees have been about $20 million so far, the case remains on appeal, and the damages amount is sealed. No formal votes were taken, and the committee adjourned after questions and discussion.