Video & Transcript Research : 'retirement offset'

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MN

Minnesota 2025-2026 Regular Session

Minnesota House passes SF2884, the Minnesota State Retirement System pensions bill 5/19/25

Minnesota House Floor Meeting

Transcript Highlights:
  • Paul Teachers Retirement Association as well as we could have.
  • Paul Teachers Retirement Association as well as we could have.
  • Paul Teachers Retirement Association as well as we could have.
  • Paul Teachers Retirement Association as well as we could have.
  • <00:31:47.760> and at 60 61 they they need to retire and at 60 61 they they need to retire
Keywords: 1183, house
WY

Wyoming 2026 Regular Session

Select Committee on School Finance Recalibration, June 24, 2026 - AM

Select Committee on School Finance Recalibration

Transcript Highlights:
  • Retirement, the legislature The legislature will continue to fund retirement, but it'll do the entire
  • retirement amount outside of the block grant.
  • Special education, cooperative service agreements, retirement, uh.
  • And when I've had people retire and or leave, I have that filled rather abruptly.
  • And that's their wage, retirement, health insurance, workers, all of it.
Keywords: 916, all
TX
Transcript Highlights:
  • This net increase is offset by a decrease of $5.3 million in general revenue for one-time startup costs
  • So if you came to me and you were retired from HPD and you were 40 years old because you retire in 20
  • So if you came to me and you were retired from HPD and you were 40 years old because you retire in 20
  • We hope the dorm will help, but at least it would help us offset the hotel cost.
  • These increases are offset by a decrease from the removal of one-time funding items.
Summary: The Senate Finance Committee heard the Legislative Budget Board’s overview of the Texas Department of Public Safety’s 2026-27 budget, followed by extensive testimony from DPS leadership. The LBB presentation covered funding and staffing changes across driver license services, facilities, troopers and recruit schools, crime labs, vehicle and aircraft operations, and border security. The recommendations included added support for customer service staffing and trooper hiring, but did not include several DPS exceptional items such as major driver license staffing and technology requests, new regional headquarters in El Paso and San Antonio, and other capital projects. Members also discussed proposed rider changes, including a new rider to lapse unused trooper funding and require reporting after recruit schools. Much of the committee’s questioning focused on driver license operations, where senators criticized long call wait times, low call-answer rates, appointment delays, and what they viewed as an overreliance on adding staff rather than improving processes. DPS and LBB witnesses said the agency is pursuing some technology upgrades, including automation, online pre-population of applications, and appointment-system improvements, but acknowledged that the driver license division remains a major problem area. Senators also raised concerns about whether the 2019 efficiency study led to meaningful changes and whether the agency should consider broader process redesign or even a different administrative structure. Colonel Freeman and other DPS officials then defended the agency’s broader law enforcement and border-security work, emphasizing the need for the Williamson County training academy, the 500 additional troopers funded in prior sessions, and continued support for Operation Lone Star. They described DPS’s role in border interdiction, threat-to-life investigations, oilfield theft cases, Capitol and Alamo security, and highway safety, and said the agency is stretched thin by deployments and overtime. Members asked about border reimbursement possibilities, regional staffing differences, pursuit safety, fleet and aircraft replacement needs, and the Texas Ranger Hall of Fame museum. No votes or formal actions were taken in the portion provided.
AZ

Arizona 2026 Regular Session

01/15/2026 - House Floor Session

Arizona House Floor Meeting

Transcript Highlights:
  • accounts exist, or they don't have the extra income to establish retirement accounts, whose sole retirement
  • income is Social Security, who rely on... ...established retirement accounts, whose sole retirement
  • We've expanded that population and included folks who are near retirement or may be in retirement already
  • your retirement accounts, including pensions and other retirement accounts.
  • That you earn from your retirement accounts, including pensions and other retirement accounts.
Keywords: 1182, all
CA
Transcript Highlights:
  • It's reflecting a combination of higher General Fund revenues, partially offset by some lower property
  • address unfunded liabilities and reduce district contribution rates over an extended period, or to offset
  • there's a disparity in the amount of sick leave that teachers are able to sort of convert into retirement
  • Changing gears a little bit, I've heard the discrepancy between a woman and a man at retirement.
  • grant and urge that these dollars go out on an ADA basis so that all districts have the funds to offset
Keywords: 987, senate, all
TX

Texas 89th Regular

Senate Session Apr 7th, 2025

Texas Senate Floor Meeting

Transcript Highlights:
  • Embedded costs for offsets for full and individual evaluations is an important part of this for basically
  • And basically, I'm just being reminded that this is the, you know, regular. program offset that we spoke
  • Members, the Texas Emergency Services Retirement System, also known as TESRS, is a state agency that
  • Because of the current funding structure where the Texas Emergency Services Retirement Board determines
  • Senate bill 2065 relating to the Texas emergency services retirement system.
Bills: SJR 12, SJR 81, SCR 39, SB 22, SB 32, SB 241, SB 393, SB 414, SB 458, SB 464, SB 568, SB 583, SB 609, SB 660, SB 693, SB 731, SB 732, SB 746, SB 783, SB 785, SB 897, SB 993, SB 996, SB 1008, SB 1029, SB 1035, SB 1036, SB 1120, SB 1122, SB 1147, SB 1163, SB 1188, SB 1197, SB 1209, SB 1227, SB 1245, SB 1267, SB 1307, SB 1321, SB 1332, SB 1386, SB 1394, SB 1396, SB 1470, SB 1494, SB 1537, SB 1596, SB 1598, SB 1610, SB 1664, SB 1814, SB 1822, SB 1841, SB 1948, SB 2065, SB 2155, SB 2406, SB 2407, SJR 12, SJR 36, SJR 81, SJR 50, SJR 4, SCR 22, SCR 12, SCR 39, SB 765, SB 62, SB 666, SB 888, SB 687, SB 847, SB 1248, SB 504, SB 305, SB 296, SB 284, SB 241, SB 304, SB 1023, SB 204, SB 609, SB 670, SB 850, SB 854, SB 413, SB 1346, SB 1033, SB 1220, SB 1073, SB 810, SB 1539, SB 447, SB 1119, SB 1505, SB 1215, SB 1302, SB 583, SB 673, SB 681, SB 1172, SB 955, SB 957, SB 1120, SB 541, SB 266, SB 1415, SB 53, SB 1352, SB 785, SB 1450, SB 1502, SB 1566, SB 414, SB 1062, SB 711, SB 746, SB 1404, SB 1448, SB 507, SB 1026, SB 1349, SB 1355, SB 1433, SB 1434, SB 1596, SB 1403, SB 667, SB 1059, SB 1567, SB 310, SB 311, SB 505, SB 1209, SB 1210, SB 1470, SB 264, SB 1029, SB 1358, SB 1364, SB 1569, SB 1376, SB 1228, SB 519, SB 1350, SB 462, SB 827, SB 1585, SB 1396, SB 1484, SB 1273, SB 927, SB 1227, SB 1229, SB 1353, SB 1464, SB 1709, SB 1729, SB 1733, SB 1744, SB 1772, SB 1841, SB 1147, SB 1008, SB 2016, SB 1173, SB 1163, SB 996, SB 568, SB 1370, SB 1321, SB 1101, SB 860, SB 993, SB 693, SB 1610, SB 1537, SB 1332, SB 1307, SB 963, SB 493, SB 984, SB 619, SB 1122, SB 455, SB 522, SB 1057, SB 1239, SB 1254, SB 1255, SB 1259, SB 1341, SB 1664, SB 1877, SB 464, SB 1277, SB 32, SB 732, SB 660, SB 731, SB 921, SB 268, SB 1822, SB 1188, SB 1589, SB 397, SB 1058, SB 1036, SB 1267, SB 2112, SB 1930, SB 532, SB 1035, SB 2155, SB 508, SB 292, SB 291, SB 901, SB 1333, SB 1436, SB 1494, SB 964, SB 779, SB 1378, SB 2312, SB 1719, SB 1386, SB 287, SB 2143, SB 1245, SB 261, SB 1247, SB 1948, SB 2406, SB 2407, SB 1882, SB 1197, SB 1814, SB 618, SB 38, SB 393, SB 2065, SB 1371, SB 1394, SB 1365, SB 2243, SB 2226, SB 2039, SB 1919, SB 1895, SB 1598, SB 1493, SB 1810, SB 1791, SB 1706, SB 1644, SB 1238, SB 783, SB 458, SB 22, SB 651, SB 897, SB 1809, SB 1080, SB 745, SB 826, SB 989, SB 1320, SB 1437, SB 2320, SB 2289, SB 1171, SB 664, SB 1637, SB 2064, SB 868, SJR 40, SJR 27, SCR 38, SCR 37, SB 1079, SB 1243, SB 1504, SB 1851, SB 1879, SB 2237, SB 1257, SB 2034, SB 1522, SB 883, SB 249, SB 1318, SB 1151, SB 596, SB 1191, SB 226, SB 570, SB 870, SB 991, SB 60, SB 365, SB 1067, SB 1786, SB 326, SB 1401, SB 1592, SB 1728, SB 1265, SB 586, SB 529, SB 217, SB 209, SB 1923, SB 1559, SB 1839, SB 387, SB 1874, SB 1872, SB 1873, SB 1921, SB 1883, SB 1677, SB 95, SB 1620, SB 1838, SB 2024, SB 2429, SB 1999, SB 511, SB 2309, SB 2166, SB 871, SB 510, SB 33, SB 2420, SB 1860, SB 1541, SB 1316, SB 1314, SB 1313, SB 1426, SB 1398, SB 1869, SB 1750, SB 1871, SB 36, SB 855, SB 1233, SB 760, SB 2425, SB 2037, SB 1758, SB 1759, SB 2365, SB 1924, SB 762, SB 1271, SB 1818, SB 605, SB 1405, SB 1762, SB 1968, SB 1977, SB 2077, SB 2148, SB 2321, SB 1967, SB 1662, SB 1663, SB 2124, SB 2204
Summary: The meeting primarily focused on educational reforms, particularly in special education funding. Notably, Senator Bettencourt laid out the transformative impacts of Senate Bill 568, which aims to lift a historical cap on special education funding that affected approximately 775,000 students. The discussions included plans for an intensity-based funding model that could ensure fair distribution of resources depending on individual needs, thereby enhancing educational support for diverse learning requirements. Senators acknowledged past failures in the special education framework, emphasizing the necessity of moving towards a system that is transparent and focused on delivering adequate services.
HI

Hawaii 2025 Regular Session

House Chamber - Fri Mar 14, 2025, 12:00PM HST - Day 32

Hawaii House Floor Meeting

Transcript Highlights:
  • Herb has retired, though I understand he will probably continue to work as many hours as ever in his
  • Herb has retired, though I understand he will probably continue to work as many hours as ever in his
  • um her has retired though I understand<00:19:37.240> he<00:19:37.960> um<00:19:38.640>
  • rate paays besides to help offset electric<00:49:58.040> bills<00:49:58.359> for<00:49
  • allow some state employees to retire allow some state employees to retire with<00:55:34.079>
Keywords: 910, house, all
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Monday, April 7, 2025)

US Federal House Floor Meeting

Transcript Highlights:
  • He succeeded former Speaker Carl Albert, who notably endorsed Wes after retiring.
  • But Wes's endorsed Wes after retiring.
  • > has<04:59:04.000> been recognize that this offset has been recognize that this offset
  • <05:10:36.798> has has been used this that this offset has has been used this that this offset
  • Evaporating<07:18:37.680> retirement<07:18:38.160> savings, Evaporating retirement savings
NH

New Hampshire 2025 Regular Session

House Science, Technology and Energy (01/14/2025)

Science, Technology and Energy

Transcript Highlights:
  • That offsets that cost.
  • That offsets that cost.
  • We've seen retirement of most of the coal.
  • <04:30:14.239> of plants uh we we've seen retirement of plants uh we we've seen retirement
  • so we know announced plans to retire so we know that<04:30:20.159> the<04:30:20.359> retirement
Keywords: 1189, house, all
LA

Louisiana 2026 Regular Session

Appropriations Apr 27th, 2026

Appropriations

Transcript Highlights:
  • It really creates problems for those under entitlement systems, for example, retired people.
  • The value of what they're getting For example, the retired people, the value of what they're getting
  • For example, the retired people, the value of what they're getting and the dollar is just not there.
  • So it was essentially just sort of offset value of what we're holding.
  • So it was essentially just sort of offset value of what we're holding and not fall, you know, victim
Summary: The House Appropriations Committee met on April 27 and first took up House Bill 175 and its companion House Bill 165, both dealing with lottery proceeds for veterans. HB 175 was amended to create a Veterans Service Grant Board within the Department of Veterans Affairs and direct $500,000 annually from Louisiana Lottery net proceeds into a Veterans Service Grant Fund, with unused money returned to the lottery proceeds fund that supports the MFP. Supporters, including the bill sponsor, The Boot Louisiana, LDVA Secretary Charlton McGinley, and Bastion Veterans Organization, argued the grants would help veteran services, workforce placement, mental health, housing, entrepreneurship, and retention of veterans in Louisiana. Members raised concerns about drawing from lottery proceeds that traditionally support education, but the committee adopted amendments and reported HB 175 favorably as amended. HB 165, the constitutional amendment companion, was also amended for technical and ballot-language changes and then reported favorably as amended for voter consideration. The committee then considered House Bill 457, which would authorize the Louisiana Department of Health and the State Fire Marshal to set minimum housing standards for homeless shelters, group homes, and halfway homes. The sponsor said the bill responded to a state auditor recommendation and to unsafe conditions in some facilities; he also explained an amendment changing the Fire Marshal’s duties from mandatory to permissive to reduce fiscal impact and allow agencies flexibility. Some members questioned whether local standards already existed and how enforcement and funding would work, while others supported the need for statewide minimum standards for human housing. The committee adopted the amendment and reported HB 457 favorably as amended. House Bill 488, by Representative Brough, sought to create a Belle Chasse Bridge Merit-Based Special Fund using recurring severance tax revenues from Plaquemines Parish to help buy out the Belle Chasse toll bridge and end what the sponsor described as excessive tolls and fees. He and several local witnesses, including business owners, a YMCA representative, and a parish council member, testified that the tolling arrangement had harmed access, businesses, and quality of life. The committee adopted a technical amendment clarifying the revenue source and then reported HB 488 favorably as amended. House Bill 566, which would prohibit state funds from supporting net-zero greenhouse gas initiatives tied to the 2022 Louisiana Climate Action Plan, drew significant debate over whether it would interfere with agency funding and economic development efforts; the sponsor argued the plan lacked legislative approval and should be repudiated, while members urged caution and suggested hearing from affected agencies. The sponsor agreed to consider deferring the bill, and the committee did not advance it at that time. House Bill 603, a constitutional amendment authorizing investment of state funds in digital assets and precious metals, was discussed as a way to hedge inflation and preserve value; members asked about limits and safeguards, and the bill was reported favorably. The committee then began hearing House Bill 763, a transparency measure creating a public database for settlement agreements involving state agencies.
US
Transcript Highlights:
  • the practice of prior chairs that all amendments, other than complete substitutes, must be fully offset
  • appropriate committees to do that, and we're going to... ...to instruct other committees to find offsets
  • Fifteen years ago, retired Admiral Mike Mullen, former Chairman of the Joint Chiefs of Staff, said, As
  • I hope he finds peace in retirement.
  • So if we were to adopt it, it would impair our ability to offset the cost of the bill.
TX
Transcript Highlights:
  • I think what you're really going to see happen is that this will serve as an opportunity to offset the
  • Yet, we are going to require them to purchase credits to offset their nameplate capacity.
  • What this bill is attempting to do is level the playing field by creating an incentive to offset those
  • credits are created, they ultimately allow for trading of those credits, and then there is the retirement
  • Those resources help to balance and offset the uncertainty that we see.
NH

New Hampshire 2025 Regular Session

Senate Education (10/14/2025)

Education

Transcript Highlights:
  • It's a right to offset, and that offset provides, I think, the state a lot of security.
  • :34:32.639> that<00:34:32.960> offset<00:34:33.679> provides right to offset and
  • that offset provides right to offset and that offset provides I<00:34:34.480> think<00:34:34.639
  • improperly recording retirement improperly recording retirement obligations. obligations. obligations
  • <01:15:39.440> the have a revenue offsetting the have a revenue offsetting the expenditure
Keywords: 1191, senate, all
WV
Transcript Highlights:
  • Of the retired contributions are in the 27 budget.
  • So our retirement systems are very healthy. Public employees' retirement system is funded.
  • , got the unfunded retirement.
  • So, I mean, if you're drawing $20,000 a year from a teacher's retirement system and you retired 20 years
  • ago, there's no COLA once you retire; you're retired.
Keywords: 994, senate, all
CA
Transcript Highlights:
  • Over the next decade, EV battery retirements are estimated to increase by 450% in California.
  • unsold allowances, and three, enhance the climate credit. ...risk and retire unsold allowances.
  • This is in large part due to the substantial subsidies that come through free allowances and offsets.
  • Eliminating these offsets and free allowances to industrial facilities would free up billions of dollars
  • You could buy offsets, or you can buy allowances.
Summary: The committee first established a quorum, adopted the consent calendar for SB 423 and SB 581, and then heard a series of bills, most of which were presented as streamlining or safety measures tied to transportation, climate, public lands, health care, and higher education. SB 71 by Senator Wiener would extend and expand a CEQA exemption for sustainable transportation projects, adding modes such as microtransit, paratransit, shuttles, and ferries, while also accepting committee amendments that narrowed a Tier 4 diesel rail provision, restored existing right-of-way language with utility protections, and set a new sunset date. Support came from transit agencies, local governments, and advocacy groups; some members raised concerns about the diesel rail language and possible interactions with housing-related legislation, but the bill advanced on a due pass vote as amended. The committee then heard SB 614 by Senator Stern on carbon dioxide pipeline safety. The bill would direct the State Fire Marshal to adopt safety standards for intrastate CO2 pipelines, building from federal draft rules and adding state discretion and possible enhanced protections such as planning zones and more detailed exposure modeling. Supporters argued California needs to fill a federal regulatory gap to advance carbon capture and climate goals, while environmental justice and conservation groups opposed unless amended, citing risks from CO2 leaks and asking for stronger siting restrictions and more specificity. The bill passed on a due pass vote to Appropriations, with members noting the need for continued work on the safety provisions. Senator Arreguín also presented SB 304, which would temporarily lift public trust use restrictions on specific land at Jack London Square to allow the Port of Oakland more leasing flexibility under conditions and annual reporting. The measure was described as a limited, time-bound effort to address high vacancy and revitalize the waterfront, and it drew support from Oakland city and county representatives with no opposition in the room. The committee then approved SB 304 on a due pass vote. Arreguín’s SB 830 followed, creating CEQA streamlining for Sutter Health’s new Emeryville hospital campus and designating the City of Emeryville as lead agency; supporters said it would preserve East Bay hospital access before seismic deadlines, and the bill passed with broad support and no opposition. Finally, Senator Caballero presented SB 486, a higher education planning bill intended to align UC and CSU enrollment growth with regional sustainable communities plans and to remove the need to analyze a no-project alternative in certain long-range development plans. Supporters said the bill would better integrate university enrollment forecasting into regional planning, while opponents warned that eliminating the no-project analysis could weaken accountability for housing and infrastructure impacts around campuses. Committee members expressed mixed views and asked for further clarification, but the bill was moved out on a due pass as amended vote to Appropriations. The transcript then shifted to SB 629, a fire response and rebuilding bill, with the author describing amendments to apply fire safety requirements in wildfire-burned areas, update fire mapping, and require annual defensible space inspections, though the discussion was cut off before any final action was shown.
MN

Minnesota 2025-2026 Regular Session

House Energy Finance and Policy Committee 3/5/26

Energy Finance and Policy

Transcript Highlights:
  • <00:18:19.679> that want to make sure we're offsetting that want to make sure we're offsetting
  • Um, and at the same time, we have existing generation resources that do continue to retire.
  • <00:42:37.520> um resources that do continue to retire. um resources that do continue to retire
  • retirements within the mso footprint. retirements within the mso footprint.
  • <01:01:33.040> retiring<01:01:33.440> resources resources for those retiring resources
Bills: HF3296, HF3802
MN

Minnesota 2025-2026 Regular Session

Human Services Finance and Policy Committee hears HF500 2/27/25

Human Services Finance and Policy

Transcript Highlights:
  • I'm here today to present House File 500, and as most of you know, I am a retired nursing home administrator
  • Members, I'm here today to present House File 500, and as most of you know, I am a retired nursing home
  • nursing home provider operating under Minnesota's rate equalization policy, we have no mechanisms to offset
  • nursing home provider operating under Minnesota's rate equalization policy, we have no mechanisms to offset
  • nursing home provider operating under Minnesota's rate equalization policy, we have no mechanisms to offset
Bills: HF1419, HF500
Summary: The committee took up House File 500, which would require the legislature to fund the Nursing Home Workforce Standards Board’s standards before they could take effect. An author’s DE2 amendment was adopted first; the amendment was described as pausing the board’s standards unless the legislature estimates and fully pays the cost for each nursing home. The bill author argued that mandates without money create serious consequences for seniors and providers, and said the measure would keep budget authority with the legislature rather than an appointed board. Supporters, including nursing home operators and the Long-Term Care Imperative, said the board’s holiday pay and minimum wage standards would create large unfunded costs, citing estimates ranging from hundreds of thousands to millions of dollars for individual facilities and more than $200 million statewide. They argued that some facilities could face debt, reserve depletion, or reduced access to care if the standards are not funded. Opponents, including SEIU workers and union leaders, said the board has improved staffing, recruitment, morale, and worker safety, and that caregivers deserve higher wages and holiday pay. They argued the bill would weaken the board’s ability to address chronic understaffing and would shift focus away from worker protections. Members also debated whether nursing home reimbursement rates have already risen enough to cover wages and whether the problem lies with how funds are used by providers. After public testimony closed, several members spoke in opposition and support. A roll call was requested, and the committee voted 9-7 to re-refer House File 500, as amended, to the Committee on Labor and Workforce and Economic Development Finance and Policy.
NM
Transcript Highlights:
  • They're keeping their retirement here in New Mexico.
  • But we also offset for the employers; we offset a portion... Quite a good living.
  • But we also offset for the employers.
  • We offset a portion of their wages so that we were kind of trying to really make that connection, so
Keywords: 996, all
Summary: The House Labor, Veterans, and Military Affairs Committee met to hear House Bill 7, sponsored by Representative Garrett and Representative Cates, which would continue and support apprenticeship and workforce training funding. The sponsors and the Department of Workforce Solutions described strong growth in apprenticeship participation, especially in the building trades, and said the fund has helped expand programs while maintaining high retention and employment outcomes. They emphasized that the bill would provide predictable, sustained investment in skilled labor needed for construction, infrastructure, and other growing sectors. Supportive testimony came from contractors, chambers of commerce, trade unions, and a small business owner, all of whom said apprenticeship funding is essential to meeting workforce shortages and keeping workers in New Mexico. Committee members asked about program demographics, geographic distribution, rural participation, reentry and high school dropout data, and how apprenticeships connect to displaced workers from energy and industrial closures. The secretary explained that the department uses Rapid Response and economic transition programs for layoffs and closures, and also surveys current energy workers to gauge retraining interest. Several members praised the bill’s return on investment and retention of workers in the state, while Representative de Rassas suggested adding more public transparency and performance metrics. Representative Ortiz asked about future funding after 2031 and whether the program could scale with more money. After discussion, Representative Hall moved a do pass, Representative de Rassas seconded, and the committee approved House Bill 7 with no opposition. The chair also announced upcoming committee meetings and asked members to consent to sharing contact information for committee purposes.
NH

New Hampshire 2025 Regular Session

Senate Energy and Natural Resources (02/11/2025)

Energy and Natural Resources

Transcript Highlights:
  • behind-the-meter resources, intermittent resources, as you know aging resources come offline and retire
  • uh load growth uh and and the and retire uh load growth uh and and the like<00:06:39.400> um<
  • all of those revenues would be offset all of those revenues would be offset against<00:09:31.480
  • against sort of what that gets offset against sort of what that<00:10:13.160> that<00:10:13.320
  • solar in our state to be able to offset solar in our state to be able to offset additional<01:24
Keywords: 1191, senate, all