Transcript Highlights:

• health insurance premiums. health insurance premiums.
• new definition directly into RSA 21:3, the most foundational housekeeping section of our statutory code
• new definition directly into RSA 21:3, the most foundational housekeeping section of our statutory code
• The SRY gene, a piece of genetic coding that even its own discoverer, Andrew Sinclair, the scientist
• <00:42:26.440> piece<00:42:26.800> of<00:42:26.920> genetic<00:42:27.360> coding

Keywords: 1191, senate, all

Transcript Highlights:

• As articulated in the Welfare and Institutions Code, the greatest social need refers to the need caused
• Project Cornerstone was established in California Health and Safety Code Section 121295 in fiscal year
• ADAP insured medication access for uninsured or underinsured Californians living with HIV.
• ADAP clients may also qualify for insurance premium assistance through various programs funded through
• There's no way for them to— The exchange, and they just dropped their insurance.

Summary: The Select Committee on Older LGBTQ Californians held an inaugural hearing focused on the health care and support landscape for older LGBTQ Californians, including people aging with HIV and transgender, gender non-conforming, and intersex seniors. Opening remarks emphasized the long history of discrimination faced by older LGBTQ adults, the growth of the aging LGBTQ population, and the need to translate existing state commitments into concrete services. Senators highlighted concerns about nursing home vulnerability, the aging of people living with HIV, and the impact of federal actions and Medicaid cuts on California’s safety net. The first panel featured Justice in Aging, CalHHS, the Department of Aging, and the Aging and HIV Institute. Testimony described widespread inequities, including discrimination, social isolation, economic insecurity, and gaps in culturally competent care. State officials outlined the Master Plan for Aging, the first statewide survey of LGBTQIA older adults, gender-affirming care protections in Medi-Cal, and efforts to improve coordination across departments. Advocates argued the state has been too slow to respond to federal threats and that services are often hard to find or fragmented. Committee members pressed the departments on how survey findings are being turned into action, how rural and underserved communities are being reached, and whether more formal stakeholder coordination or “no wrong door” access systems are needed. The second panel focused on seniors living with HIV. A long-term survivor gave emotional testimony about the “survivorship penalty,” loss of benefits, housing insecurity, and the need for legal and navigation support, housing assistance, and protection from outdated disability standards. The Department of Aging reported on implementation of SB 258, which added HIV status to the definition of greatest social need for area agencies on aging; it said 20 of 33 area plans now identify HIV as a target population and many include specific strategies, such as LGBTQIA mental health connections programs. The Office of AIDS described Project Cornerstone, Ryan White, ADAP, HOPWA, the Medi-Cal waiver, and PrEP-AP, noting these programs serve thousands of older clients and rely on whole-person case management. Case management testimony underscored persistent needs for medication subsidies, transportation, food, and housing. Committee members questioned how ADAP rebate funds might be used, how SB 258 is enforced across local agencies, and how to reduce administrative barriers and auto-connect eligible people to benefits. The final panel began with the Department of Social Services outlining protections for TGI seniors in licensed care facilities, including SB 219’s nondiscrimination requirements and related provider notices and resident rights materials. The hearing remained focused on identifying service gaps, improving coordination across aging, health, and social service systems, and ensuring state programs better reflect the lived experience of older LGBTQ Californians.

Transcript Highlights:

• The business code was first adopted in 2013.
• Um, so there are several different chapters to this code section.
• I thought we codified the common law portion of... excuse me, code law within the code section maybe
• We are codifying that particularly in the business code here so that it's in this code.
• How is it applicable to the business code?

Keywords: 1136, house, all

Transcript Highlights:

• The fluctuation can be items such as salaries, workforce benefits, insurance, and leasing cost.
• She's got the nuclear codes. I'm not locked and loaded, but she's got her nuclear codes ready.
• Specifically on your slide of future opportunities, analyzing rising insurance premiums.
• It needs to be a stand-alone insurance adjustment that we can actually see.
• “Everything in Tier 1 is either internal in-house, salary and fringe operating costs, insurance, C-suite

Bills: S0042, S0578, S0624, S7018

Keywords: child protection, medical records, investigation, abuse, neglect, healthcare, Child Protection Team, diagnosis, Alzheimer's disease, Alzheimers, dementia, related dementias, brain health, early detection, caregiver support, elderly affairs, Department of Elderly Affairs, Department of Health, public health outreach, memory loss

Summary: The committee met with a quorum and first heard SB 624, which would codify DCF’s current practice of allowing batterers intervention programs to offer supplemental faith-based activities so long as participation is voluntary. The bill drew support from faith-based and family organizations, which argued it would restore access to effective rehabilitation options and remove discriminatory barriers. SB 624 was reported favorably after a roll call vote. The committee then heard SB 42, which would require child protective investigators and child protection teams to rely on qualified medical professionals when a child has a documented pre-existing diagnosis or when a parent requests an exam, and would require clearer notice to parents and custodians at the start of an investigation. Testimony overwhelmingly came from parents, advocates, and disability rights representatives describing cases in which medically complex children were allegedly misdiagnosed as abuse victims and families were separated unnecessarily. Members expressed sympathy and support, and SB 42 was reported favorably. Next, the committee considered CS/SB 578, creating an Alzheimer’s disease awareness initiative within the Department of Elder Affairs to promote early detection, brain health education, research updates, and clinical trial awareness, with outreach focused on older adults and at-risk populations. An amendment was adopted to place the campaign within the Alzheimer’s Disease Initiative. A caregiver testified about the need for public education and early diagnosis, and the bill was reported favorably. The committee also took up SPB 7018, a committee bill on child welfare that would extend the definition of “visitor” for foster homes to reduce repeated background checks, make the Step Into Success foster youth workforce pilot permanent and statewide, and create a program through the Florida Institute for Child Welfare to catalog best practices among community-based care lead agencies. The bill was approved as a committee bill and reported favorably. Finally, the Department of Children and Families presented its 2025-26 final funding methodology and rates report for community-based care. Members questioned the proposed tiered model, including insurance costs, risk corridors, prevention funding, performance measures, and regional funding disparities. No vote was taken on the presentation, but members discussed the possible need for follow-up legislation and additional stakeholder input.

Transcript Highlights:

• I get better insurance rates. Does that happen for your homeowners as well?
• Local governments still need to adopt some of that into the code, and then the market needs to start
• Local governments still need to adopt some of that into the code, and then the market needs to start
• I don't know. governments still need to adopt some of that into the code.
• And this is a totally preventable situation due to the zoning codes.

Summary: The committee met for work sessions on land banking/shared homeownership and on maximizing existing housing stock. Members first heard an overview from Commerce on alternative homeownership models, including community land trusts, limited equity cooperatives, condominiums, accessory dwelling units, middle housing, church land for housing, and public land transfers. The discussion focused on how these models can help households build equity while keeping housing permanently affordable. Committee members asked about statewide counts of co-ops and land trusts, and Commerce said it does not track all of those entities directly. Pierce County staff then described the Pierce County Community Development Corporation’s rapid acquisition fund and its role in acquiring, holding, and transferring public land for affordable housing. They said the county used general fund and affordable housing sales tax dollars to buy properties, preserve a manufactured home park through resident ownership, and create a pipeline of sites for future development. Members asked about the advantages of a public development authority, funding sources, the use of surplus and underutilized public property, and how the model works with housing authorities. Spokane land bank staff followed with testimony that land banks can reduce blight, preserve affordability, and help nonprofits acquire land quickly, but that holding costs and taxes can make the work harder without state support. They also described brownfield assessments, donated properties, and work on Black homeownership and public surplus properties. The committee then heard from the Northwest Cooperative Development Center on limited equity cooperatives, especially in manufactured housing communities. The witness said Washington now has about 43 limited equity co-ops and that recent subsidy funding and legislation have accelerated resident purchases of manufactured home communities. Members asked how residents benefit from capped equity, how values are affected, and whether the model improves access to lending; the witness said the model stabilizes costs, allows modest equity gains, and that a recent law allowing manufactured homes in co-ops to be titled as real property should improve access to traditional financing. The committee also discussed House Bill 1974 from the prior session and possible updates to land banking legislation. In the second work session on maximizing existing housing stock, Commerce reviewed recent housing laws and implementation timelines, including ADUs, middle housing, condo liability reform, SEPA changes, tiny homes, and co-living. Members raised concerns about the long implementation horizon, vacancy data, corporate ownership of homes, and the need for better support for small landlords and first-time ADU owners. Sightline then testified on mobile dwelling units, arguing that RVs, tiny houses on wheels, and similar units are a low-cost, quick-to-install housing option that is often blocked by zoning; the witness said many Washington residents already live in these units, often informally. Finally, AARP discussed housing options for older adults, including ADUs, missing middle, manufactured home communities, co-living, universal design, and village-style support models, emphasizing aging in place and the need for more accessible, affordable housing choices.

Transcript Highlights:

• The amendment to the amendment is coded A-22.
• The amendment is coded A-14.
• The amendment is coded A-3.
• The amendment is coded A-1.
• The amendment is coded A12.

Transcript Highlights:

• everybody because medical insurance everybody because medical insurance costs<00:17:32.400> are
• And essentially what has happened is over the course of the years, when insurance premiums go up, the
• The course of the years when insurance premiums go up, the percentages remain the same.
• <00:53:49.040> benefits Medical Leave insurance benefits Medical Leave insurance benefits
• <00:53:57.599> benefits and Medical Leave insurance benefits and Medical Leave insurance benefits

Keywords: 910, house, all

Transcript Highlights:

• The biggest part of it is our flood insurance, National Flood Insurance Program.
• By virtue of that, they get a discounted flood insurance rate.
• The code section's be able to have that.
• Even though insurance doesn't pay for cleanup, as we know, other than $500. insured but yet they have
• you got this many insured you got this many insured so<01:27:10.800> we're<01:27:11.040><

Keywords: Appropriations - Room 210; 21 January, 2026: 1:30 PM, 925, all

Summary: The subcommittee heard the Mississippi Department of Wildlife, Fisheries, and Parks present its FY27 budget request and discuss accomplishments from prior appropriations. The commissioner highlighted improved conservation officer retention after salary increases, continued training and wellness efforts, upgrades to state parks and cabins, expansion of tiny homes, fisheries stocking and youth fishing programs, ongoing chronic wasting disease testing, and the Museum of Natural Science’s recent accreditation. The agency said it wants to maintain parks and facilities so they do not deteriorate again, and it emphasized tourism and public access benefits. Budget staff then outlined the request: $21.7 million in general funds, including increases for state parks, the museum, law enforcement, and chronic wasting disease; $23.2 million in state support capital and education funds; and $86.99 million in special funds authority. Major capital requests included $18.8 million for state parks projects at several parks, $1.25 million for law enforcement facilities, $2 million for Lake Lamar Bruce improvements, and $1.125 million for mobile teaching vans. Members asked for more detail on general fund increases, proof that law enforcement salary enhancements reached field agents, more information on the tiny home program and its return on investment, the source of motor vehicle funds, and a breakdown of requested pins and vacancies. The committee also questioned the agency about chronic wasting disease, with the department saying the $400,000 request supports testing and research and that live testing is not yet reliable. Members raised concerns about prioritization of lake and park maintenance, especially Lake Claude Bennett, and whether the agency is too reactive rather than proactive in addressing deteriorating facilities. The department said funding limitations and federal restrictions on certain lake dollars drive its priorities, and that it focuses on the most-used parks and lakes. No votes or formal actions were taken in the meeting.

Transcript Highlights:

• We could stop insurance prices.
• insurance agent.
• <00:40:24.400> Also,<00:40:24.840> technology insurance agent.
• Also, technology insurance agent.
• Now, that's a code word for if nobody's against it, you know. Okay. Let's.

Bills: HF4906, HF3971, HF4777, HF2109, HF2988

Keywords: property tax, tax refund, taxpayer relief, Minnesota taxation, one-time payment, taxation, property valuation, Tax Court, evidentiary standards, Minnesota Statutes, disparity reduction, aid payments, local government, funding, Fillmore County, education funding, managed forest land, classification, forest management plan, agricultural land

Summary: The committee first approved the April 9 minutes, then took up House File 2988, which would extend for eight more years a sales tax exemption tied to Minnesota State High School League tournament ticket revenue that is funneled into the league’s foundation and returned to schools as grants. Chair Youakim and Executive Director Eric Martins said the program sends more than $1.1 million annually back to schools for activity fee reductions, scholarships, coaching and training, AEDs, late buses, and other school needs, with over 98% of funds going directly to schools. Representative Huot and others spoke in support, while Representative Robinson questioned the structure and suggested the state could instead simply reduce ticket prices and not tax the tickets. The committee laid HF 2988 over for possible inclusion in the omnibus tax bill. The committee then heard House File 4906, as amended, which would create a one-time property tax refund in calendar year 2026 for owners of residential homesteads and the homestead portion of agricultural property, funded by a $4 billion appropriation in fiscal year 2027. The bill includes a clawback for delinquent taxpayers and offsets to ensure no one receives more in property tax refunds than they paid. A House Research staffer said the Department of Revenue viewed the refund as potentially taxable, while House Research said it likely should be treated as a recovery of prior taxes, and the two would follow up. The bill was introduced with testimony from Eric Bernstein of We Make Minnesota and Nan Madden of the Minnesota Budget Project, both of whom opposed it, arguing it would create a large budget hole, force future cuts, and disproportionately benefit homeowners while excluding renters and lower-income Minnesotans. Several members also raised concerns. Representative Hewitt said the state should prioritize public safety, rural EMS, and safety-net hospitals rather than a large rebate, and Representative Youakim argued the money would be better spent on longer-term property tax relief and education funding. Representative Hollins said the proposal would worsen racial and wealth inequities because homeownership is lower among communities of color and renters would get nothing. In response, the author and supporters said the bill is meant to put money back into people’s budgets and that individuals should be able to decide how to use their own money. The discussion continued with questions about the bill’s size and fiscal impact, but no final action on HF 4906 was taken in the portion provided.

Transcript Highlights:

• So we created this working mom’s dashboard, and I really encourage you all to scan that QR code and play
• Well, we’ll skip over that, but encourage you all in the QR code to listen to Sarah’s story.
• And so here is the QR code that has the full report, the one-pager that we have.
• three concussions just bouncing around the neighborhood on his bicycle, so I knew I had to have insurance
• So in order to keep my insurance, I had to work a two-thirds schedule, which I believe was 26 hours a

Keywords: 1204, all

Transcript Highlights:

• The code does address high consequence areas, right, whether it's in the gas code or a liquid code.
• areas right whether it's in the gas code or a liquid code and so when you're when you're running a pipeline
• I have to look at the code, though, to be sure, and there is the requirement.
• So, right, the code doesn't allow you to transport corrosive materials.
• So anything that would sacrifice that 30-day comment period violates the federal code.

Keywords: 965, house, all

Transcript Highlights:

• Bar code 322807. Remove lines 27 through 322 and insert an amendment.
• Bar code 654057. Remove lines 31 through 32 and insert. Bar code 654-057.
• Members, this bill removes a built-in advantage for non-domestic insurers.
• Florida domestic insurers also cannot offer rates below 6.5%.
• So alien and foreign insurers, however, are not bound by this rule.

Summary: The House opened with prayer, a moment of silence for the Reverend Jesse Jackson and Joseph Di Alessandro, the Pledge of Allegiance, and announcements confirming a quorum. Members also adopted the special order report and recognized several guests in the gallery, including former Speaker Dan Webster and law enforcement and civic visitors. The chamber then moved through a long special-order calendar of bills, mostly on third reading, with several measures passing unanimously or by wide margins. Among the bills considered were measures on civil procedure and estates, including C.S. HB 1407 on commencement of civil actions, HB 895 on trustee settlement and discharge, C.S. HB 1337 on estates, HB 131 on curators of estates, and C.S. HB 351 on concurrent legislative jurisdiction over military installations. The House also passed C.S. HB 441 on conservation lands, which would lengthen notice and increase transparency for land swaps involving conservation property, and C.S. CS HB 919 on commercial service airports, which created a statutory definition for major airports and preempted local naming authority for several airports. HB 919 drew extensive debate over the proposed naming of Palm Beach International Airport after President Donald J. Trump, with amendments to delay or alter the naming failing before the bill passed. Other bills approved included HB 409 requiring K-12 schools to observe Veterans Day, CS HB 461 allowing certain students to volunteer at polling places for community service hours, CS HB 1115 creating grants for genetic counseling education, HB 569 revising forensic client services, CS HB 505 regulating virtual currency kiosks to address fraud, and HB 271 on foreign and alien bail bond insurers. The House also passed HB 191 on re-employment assistance eligibility verification after extended questioning about its effects on benefits, appeals, and suitable work standards. One bill, CS HB 243 on electric bicycles, was temporarily postponed, and CS HB 1073 on school districts was also postponed.

Transcript Highlights:

• The group insurance we already know is going to be about an 8% increase for our group health. insurance
• We also know that the risk management insurance will be going up 11%.
• To cover the insurance, Ms. Casillas, she said $2.1 million, actually. I've been corrected.
• When you scan the QR code, it'll take you to the desktop version.
• To pay for the cost and insurance. Thank you, Mr. Chairman, committee members.

Keywords: 996, all

Transcript Highlights:

• So we're creating different definitions for a male and female in code under this bill? Yes.
• And review from insurance.
• Unfortunately, we are seeing that a lot of women do not have insurance.
• I noticed you dwelt a little bit on insurance coverage, lack of insurance coverage. And you may...
• It said the prescription was delayed and being reviewed with insurance.

Bills: HB7, SB 8, HB7, SB 8

Keywords: abortion, healthcare, jurisdiction, civil action, qui tam, prohibition, state law, sex designation, restroom access, civil penalties, private civil right of action, women's privacy, 997, house, all

Transcript Highlights:

• You think you're calling your insurance, but you're actually speaking to Safelite.
• Your insurance companies, Your insurance companies, multiple insurance companies, work with Safelite
• , are there different provisions for insurance coverage for every part of the automobile?
• And the reason why is because there are different types of insurance.
• extended insurance warranties.

Summary: The committee heard several bills focused on domestic violence protections, pay equity enforcement, Jewish demographic data collection, court transparency, auto glass insurance practices, pet policy disclosure for renters, and civil rights accountability for federal officers. SB 99 would require courts and law enforcement to better recognize military protective orders in domestic violence cases; supporters from the Department of Defense and military organizations said it would close jurisdictional gaps for military families, and the bill passed to Public Safety. SB 1237 would increase penalties for repeat noncompliance with California pay data reporting laws; supporters said stronger enforcement is needed to address persistent wage gaps, and the bill passed to Appropriations. SB 1387 would allow Jewish identity to be reported as an ethnic category in state demographic data; supporters said better data would improve policy and anti-discrimination efforts, while opponents argued the bill was unnecessary or divisive, and it passed to Privacy. SB 932 would require assignees filing civil actions to identify the original party in the case caption; supporters framed it as a transparency measure, and it passed to Judiciary/Appropriations on call. The committee also took up SB 98, which would regulate auto glass insurance claims by restricting assignment of benefits, requiring clearer estimates and invoices, and limiting inducements to consumers. The sponsor and NICB said the bill would curb fraud and unsafe repairs, while independent glass shops and industry groups argued it could reduce consumer choice and favor insurer-aligned networks; the bill passed to Appropriations. SB 1296 would require landlords to disclose pet policies before collecting application fees and provide refunds if nondisclosure materially affected an applicant’s decision; supporters said it would save renters time and money, while rental housing representatives objected to a provision limiting eviction based solely on failure to sign a pet addendum. The bill passed to Appropriations. Finally, SB 747, the No Kings Act, would create a California cause of action allowing people to sue federal officers for constitutional violations using standards similar to Section 1983. Senator Wiener and a witness who said he was unlawfully detained by Border Patrol argued the bill is needed because federal officers currently lack comparable accountability after the Supreme Court narrowed Bivens remedies. Law enforcement groups opposed the bill, warning that the qualified immunity language is unclear, could create a separate California standard, and might expose officers and governments to retroactive litigation; members discussed possible amendments on qualified immunity and retroactivity, and the bill was moved forward with an urgency amendment while negotiations continued.

Transcript Highlights:

• The fund was created in North Dakota Century Code 4.1-01-21.1.
• It doesn't take changes in code. It doesn't take changes in policy.
• North Dakota Administrative Code 33.1-16-02.1.
• , ag safety insurance discount?
• The other issue... the safety insurance discount, egg safety insurance discount.

Summary: The committee opened its third interim meeting with roll call, approved the November 13, 2025 minutes, and the chair reviewed prior committee work, including a denied request for a fertilizer-capacity study and a planned later discussion of the Union Pacific/Norfolk Southern merger issue. Commissioner Doug Goring then presented Department of Agriculture updates on uncrewed aerial systems grants to detect noxious weeds, the state’s irrigation potential, the low-carbon fuels program for ethanol plants, the Environmental Impact Mitigation Fund, model zoning ordinances for animal feeding operations, and fertilizer production and supply in North Dakota. Members asked about funding sources, fertilizer storage and availability, natural gas and water needs for future fertilizer plants, and how the model zoning website would help counties and townships apply setback and odor tools. A substantial portion of the meeting focused on the Department of Water Resources’ economic analysis tool for water conveyance and flood-related projects. Dr. Dwayne Poole explained that the department is proposing changes to better account for end-of-useful-life conditions and updated hydrologic data, while still limiting the model to direct, demonstrable costs and benefits. He said the goal is to make the analysis more realistic and consistent without changing statute, and he provided examples of how project benefits could change as drains age or as rainfall and flood data evolve. Committee members and water-user representatives generally supported continued work on the proposal, while raising concerns about downstream impacts, closed-basin projects, and whether the changes would meaningfully affect project approvals. The committee then heard from John Paskowski, state engineer, on Devil’s Lake, the West End and East End outlets, and the Tolna Coulee control structure. He reviewed lake history, outlet capacities, sulfate and downstream flow limits, and explained that the control structure is intended to prevent a catastrophic uncontrolled release by slowing erosion and head cutting. Members asked about water quality trends, the length of the downstream flow constraint, and whether the Tolna Coulee area had been studied for possible natural overflow or silt buildup. The discussion emphasized ongoing flooding concerns, mitigation for affected landowners, and the need to balance outlet operations with downstream water quality and infrastructure protection.

Transcript Highlights:

• to protect consumers when insurers fail. to protect consumers when insurers fail.
• in the insurance maintaining trust in the insurance market. market. market.
• member insurers. member insurers.
• their insurance premium tax liability. their insurance premium tax liability.
• <00:40:54.640> by<00:40:54.800> a insured, um, who are insured by a insured, um, who

Keywords: 1189, house, all

Transcript Highlights:

• Business, Economic Development, and Tourism to establish a rebate program and requires the State Building Code
• manufacturing; one representative from the waste shipping industry; one representative from the insurance
• manufacturing; one representative from the waste shipping industry; one representative from the insurance
• manufacturing; one representative from the waste shipping industry; one representative from the insurance
• manufacturing; one representative from the waste shipping industry; one representative from the insurance

Keywords: 912, senate, all

Summary: The committee met on February 12 in Room 224 and via videoconference to consider several measures. First, it heard Senate Bill 547 on water conservation, which would create an income tax credit for gray water recycling systems and atmospheric water generators, along with a rebate program and building code standards. The chair recommended passing the bill with amendments from DOA and the Department of Health and deferring the effective date to July 1, 2050; the recommendation was adopted unanimously by the members present. The committee then considered Senate Bill 1633, a Green Building tax credit measure tied to the use of Hawaii-grown hemp in primary structures, and also addressing hemp and cannabinoid product regulation, including age limits, packaging requirements, THC limits, and a separate hemp program within the Department of Health. The chair recommended passing the bill with DOA amendments and a further amendment allowing hemp processors to sell certain edible or beverage cannabinoid products with limited THC content, plus a deferred effective date of July 1, 2050. The motion passed with five votes in favor. Finally, the committee took up Senate Bill 391 on recycling, which would expand the Electronic Device Recycling and Recovery Act to cover certain lithium-ion batteries and require manufacturers to ensure their safe collection and recycling. The chair instead recommended amending the bill into a working group under the Hawaii State Energy Office to study battery end-of-life management, costs, safety, environmental impacts, in-state versus out-of-state recycling options, and related feasibility questions, with a report due before the 2026 regular session and dissolution on June 30, 2026. That amended approach was adopted unanimously, and the hearing concluded.

Transcript Highlights:

• House Bill 67, introduced by Representative Garrett, an act relating to unemployment insurance defining
• Relating to prescription drugs, enacting a new section of the New Mexico Insurance Code to prohibit discrimination
• An act relating to insurance, prohibiting the use of credit, education, and occupation information in
• underwriting, rating, and renewing certain insurance policies.

Transcript Highlights:

• It's the insurance fund. My apologies. >> Yeah, the insurance is below. >> 545.
• Um, would that increase cost in insurance? Right, on the insurance side.
• Um, would that increase cost in insurance? Right, on the insurance side.
• <00:31:08.960> They for the health insurance trust. They for the health insurance trust.
• comprised of all the state code groups. comprised of all the state code groups.

Keywords: Meeting Start: 00:00:00 Attendance Roll Call: 00:00:12 Approval of Minutes: 00:01:34 Actuarial Valuation Update – KPPA: 00:02:10 Actuarial Valuation Update – TRS: 00:25:32, 958, all

Summary: The meeting began with roll call, confirmation of a quorum, and approval of the prior minutes. The main presentation was from KPPA officials Ryan Barrow and Erin Saratt on the annual actuarial valuations for the retirement and insurance systems. They said the systems’ funding status improved overall, with three of five insurance funds fully funded, CERS hazardous dropping from over 100% funded to 90.9% because of premium changes, and KRS receiving $650 million in supplemental funding over the biennium. They also reported strong investment returns above assumed rates, higher payroll and membership counts, and resulting actuarial losses tied to higher salaries and premiums, especially on the insurance side. Members asked several questions about what drove the actuarial losses and whether legislation affected them. KPPA said the CERS insurance loss was driven by premium increases and Senate Bill 10, while the pension-side losses were largely due to higher payroll and benefits for Tier 1 and Tier 2 members. They explained that new Tier 3 employees are designed to add no additional unfunded liability, and that the state administers the systems but does not directly control all hiring. Questions also focused on retiree health premiums, which KPPA said rose about 15% for non-Medicare retirees and 38% for Medicare retirees, with the increase attributed to utilization, prescription costs, and the Inflation Reduction Act. The committee then heard from TRS Deputy Executive Secretary and General Counsel Beau Barnes on the 2025 TRS actuarial valuation. He reported that the Retirement Annuity Trust and Health Insurance Trust both received full funding, the retirement trust’s funded ratio improved to 61%, TRS 4 remains well funded with no liability, and the health insurance trust improved to 89.1%. Barnes said TRS is on track to fully fund legacy liabilities within the amortization period, with 2044 as the point when the system reflects 100% funding and 2046 as the last year needing additional dollars for the legacy liability. He also explained that lower assumed investment returns and updated mortality assumptions increased liabilities, but that TRS uses direct rate smoothing for budgeting purposes. At the end of the meeting, the chair circulated a proposed set of “do’s and don’ts of pensions,” emphasizing that future legislation should not create unfunded liabilities. Barnes also noted he would later discuss several legislative proposals for the 2026 session, but the transcript provided ends before that discussion or any votes on those proposals.