Video & Transcript Research : 'retiree coverage'
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US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Wednesday, December 3, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- The July the president's coverage.
- A family of four in year for coverage.
- Only yesterday we for coverage soon.
- Under this healthcare coverage.
- ,<08:37:54.958>
those 25 years ago, today's retirees, those 25 years ago, today's retirees
HI
Transcript Highlights:
- Right, I think for the state and for our budget, you know, health care costs and providing coverage for
- Right, I think for the state and for our budget, you know, health care costs and providing coverage for
- Right, I think for the state and for our budget, you know, health care costs and providing coverage for
- Right, I think for the state and for our budget, you know, health care costs and providing coverage for
- You know, health care costs and providing coverage for that is probably one of the biggest line items
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:
- And then finally, we have nearly 56,500 retirees and beneficiaries.
- And then finally we have nearly 56,500 retirees and beneficiaries.
- We have more retirees than active members.
- There's probably more retirees in the state capital area than any part of the state.
- There's probably more retirees in this geographic area than any part of the state.
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.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Municipalities and Regional Government Jun 21st, 2026 at 01:00 pm
Joint Committee on Municipalities and Regional Government
Transcript Highlights:
- On behalf of the over 13,000 members and retirees of the PFFM, I wanted to...
- On behalf of the over 13,000 members and retirees of the PFFM, I want to thank you for the opportunity
- service expectations of Citizens Library patrons indicated that additional services and expanded staff coverage
Summary:
The committee opened its hearing with procedural remarks, including a strict three-minute testimony limit, livestream instructions, and a July 1 deadline for written testimony. Chairs Lewis and Rauch then heard testimony on a wide range of municipal home rule petitions and related bills, with many local officials and advocates being taken out of order because of the large turnout.
A major topic was firefighter residency. Representatives of the Professional Firefighters of Massachusetts and Sen. Keenan supported H. 2260/S. 1449, which would replace the current 15-mile residency rule for non-civil-service fire departments with a negotiable standard, generally allowing residency within 15 miles and permitting expansion through collective bargaining. Supporters said the change would improve recruitment and retention amid the housing crisis and create parity with civil-service departments. Acton Fire Chief Anita Arnhum and Sen. Senna also backed H. 4168 for Acton, making similar arguments about recruitment, paramedics, and the need for local flexibility.
The committee also heard strong support for charter overhaul petitions for Somerville and Lynn. Somerville officials, including Rep. Barber, Mayor Ballantyne, Councilor Jake Wilson, and charter committee member Beverly Schwartz, described a years-long public process to replace an 1890s-era charter with a modern document emphasizing transparency, public participation, clearer governance, and a possible change to the mayor’s term length. Lynn Mayor Nicholson similarly supported a charter update to modernize city operations and financial procedures. Cambridge-related charter and procurement reforms were also briefly endorsed by Rep. Cabral.
Other bills discussed included a proposal by Sen. Eldridge and Rep. Scarsdale to create a state grant program for municipal sustainability directors, and regional school finance bills supported by Rep. Lanatra and Jason Frazier to expand special education reserve funds and create a regional school assessment reserve fund. Acton witnesses also supported library governance changes and a checkout bag charge proposal. The committee heard sharply divided testimony on Quincy’s H. 3897, a 50-year lease extension for Quarry Hills/Granite Links: Quincy officials and business supporters praised the public-private partnership and future investment potential, while residents argued the lease was too long, should be competitively bid, and deserved more oversight and auditing. The hearing also included testimony on Boston trash truck noise restrictions and a PEG access/cable funds bill supported by Mass Access, as well as a Southwick petition to elect part of the Conservation Commission, which one select board member opposed as contrary to current law and good governance.
MN
Minnesota 2025-2026 Regular Session
Committee on Health and Human Services - 02/19/26
Health and Human Services
Transcript Highlights:
- For example, it expands work requirements for adults without dependents. coverage, sort of the coverage
- <00:20:45.880>
to payments, but also lost coverage to payments, but also lost coverage to - coverage becomes unaffordable, When coverage becomes unaffordable, please<00:58:17.160>
people coverage or drop to lower level coverage coverage or drop to lower level coverage with<01:02:54.080 - without coverage in 2026. without coverage in 2026. Thank<01:14:26.320>
you. Thank you.
MN
Minnesota 2025-2026 Regular Session
Legislative Commission on Pensions and Retirement - 04/07/26
Minnesota Senate Floor Meeting
Transcript Highlights:
- Tensik: Out, still makes contributions for these rehired retirees.
- So, there's no impact to bringing in a retiree versus an active teacher to the pension plan.
- A lot of other plans have a higher number of retirees per active members.
- A lot of other plans have a higher number of retirees per active members.
- A lot of other plans have a higher number of retirees per active members.
WA
Washington 2025-2026 Regular Session
Select Committee on Pension Policy May 19th, 2026 at 10:00 am
Select Committee on Pension Policy
Transcript Highlights:
- Chenal, member of the Legislative Committee of the Washington State School Retirees Association, and
- My name is Fred Yancey, and I'm speaking today on behalf of the 69,000 PERS and PERS Plan 1 retirees.
- I'm speaking in comparison to the Left 1 retirees.
- My colleague from the 29th district is now part of the retiree groups there, Steve Kirby, and I, but
- My colleague from the 29th district is now part of the retiree groups there.
Summary:
The Select Committee on Pension Policy approved its minutes by roll call vote, then postponed an OSA annual update due to a family emergency. The committee received an Open Public Meetings Act refresher from Assistant Attorney General Kate Adams, who reviewed key compliance points including quorum and serial meetings, notice and agenda rules, executive session limits, public comment requirements, and the consequences of violations. She also noted a litigation hold notice sent to members and provided resources for further guidance.
Staff then briefed the committee on E2 Second Substitute House Bill 2034, which restates and terminates LEOFF 1 on June 30, 2029, creates a restated LEOFF 1 funded by transferred assets, and places excess assets into a pension surplus holding account that could later be used by the state. The bill requires DRS to seek IRS guidance, directs OSA to calculate the transfer amount and assess any future unfunded liability, assigns implementation duties to DRS, OSA, the Pension Funding Council, the State Investment Board, and the Treasurer, and requires two SCPP studies on LEOFF 1 medical benefits and policy oversight. OSA’s actuary estimated the transfer to the surplus holding account at about $3.9 billion under current assumptions and said the bill increases the modeled chance of future state contributions if the restated plan falls below 100% funded; members asked about IRS timing, the 2029 transfer date, and whether the 110% buffer is sufficient.
The committee also received an update on the LEOFF 1 medical benefits study required by the bill. Staff said the study will examine the administration of pension boards and medical liabilities, likely focusing on medical benefits, and will gather anonymized data from local boards, cities, counties, and related agencies over the next three years. Members and public commenters discussed the number and structure of local boards, whether spouses receive medical benefits, and the possibility of regionalizing or consolidating administration. No action was taken, but staff said they would return with milestones and further updates.
Finally, staff outlined a possible Plan 3 study, prompted by DRS, to evaluate whether the original goals of Plan 3 have been met after 30 years. The proposed study would review historical context, member choice outcomes, policy questions, and possible recommendations over a two-year period. The committee also heard an update on new correspondence procedures, including a new online web form, a correspondence log in meeting packets, and removal of correspondence from the public website. During public comment, retiree groups urged the committee to pursue an ongoing COLA for PERS and TRS Plan 1, with interim ad hoc COLAs until then, while LEOFF 1 retirees urged caution about changing the current board structure and emphasized the complexity of medical benefit administration.
TX
Transcript Highlights:
- And then what they come back and do is limit, limit the coverage.
- It's about health coverage, which is important to all of us. So I think that kind of explains it.
- So it's not going to be, it's the Pink Book for insurance, for health coverage in the state of Texas,
- Committee Substitute, Senate Bill 1307, relating to a biennial health coverage reference guide developed
- Committee Substitute, Senate Bill 1307, relating to a biennial health coverage reference guide developed
Summary:
The Senate convened with a quorum, heard an invocation, recognized a Karnes County Day delegation and the Texas Association of Museums, received a governor’s message on Texas Diabetes Council appointments, and introduced the Doctor of the Day. The chamber then took up several resolutions, including SR 388 honoring the Texas Association of Museums, and adopted SRs 380, 382, and 387 by voice vote. Senator King was excused due to a family death, and the journal reading was dispensed with.
The Senate then moved through a series of bills, most of them on expedited suspension of the regular order and three-day rule. Measures passed included SB 868 on Rural Volunteer Fire Department Assistance Program funding for high-wildfire-risk areas; SB 264 exempting certain family motor-vehicle transfers from tax; SB 2112 on oyster mariculture penalties; SB 1484 on catfish labeling and marketing; SB 660 on bollards near hospital emergency rooms; SB 1809 creating offenses for gift card fraud; SB 32 and SJR 81 providing business personal property tax relief and a related constitutional amendment; SB 1267 modernizing boat titling and adding disclosure for hidden hull damage; SB 1470 allowing DPS data sharing for voter list maintenance; SB 2406 and SB 2407 implementing Sunset recommendations for the Sabine River Authority and Lower Neches Valley River Authority; SB 609 on school district compliance with legally required policies; SB 921 on ex parte Medicaid eligibility renewals; SB 2320 increasing DWI penalties; SB 1822 requiring disclosure and oversight of AI-based utilization review algorithms; SB 693 on notaries public and deed theft prevention; and SB 664 setting statewide qualifications and oversight for magistrates and related judicial officers.
One of the most contested items was SB 779 on common law public nuisance claims, which drew extended debate over whether the bill would limit lawsuits against lawful, regulated activities and whether it would preserve private nuisance and other existing remedies. Despite objections, the Senate suspended the rules and passed the bill to engrossment by a 17-12 vote, holding it there. Another debated measure was SB 1008 on state and local authority over the food service industry; after a perfecting amendment, it was passed to engrossment and then to final passage. Several bills were adopted or passed with near-unanimous support, while others, including SB 1267, SB 1470, SB 1822, and SB 2320, saw some opposition but still cleared the chamber.
HI
Transcript Highlights:
- . coverage. coverage.
- Under federal regulations, if a state mandates coverage for a benefit that falls outside of the EHBs,
- Under federal regulations, if a state mandates coverage for a benefit that falls outside of the EHBs,
- <01:35:12.159>
for measure reiterates coverage for measure reiterates coverage for continuous - not alter existing insurance coverage not alter existing insurance coverage requirements<01:35:17.920
Bills:
HB1853, HB1591, HB1961, HB1854, HB1965, HB1962, HB1959, HB2505, HB2576, HB1801, HB1804, HB1864, HB2319, HB2314, HB2115
Keywords:
HB1853, dementia, Alzheimer's disease, cognitive impairment, memory care, memory clinic, Hanai Memory Network, Executive Office on Aging, aging services, kupuna, caregiver support, long-term care, elder care, geriatrics, public health, dementia screening, care coordination, referral network, neighbor islands, rural health
Summary:
The committee heard testimony on SB 2047, relating to pharmacy benefit managers. The Insurance Division said the bill would require new enforcement resources and estimated an appropriation of about $1.5 million and five positions. Kaiser Permanente asked for an amendment to exclude HMOs from the definition of third-party PBMs, saying the bill should not interfere with integrated care models. PCMA and the Hawaii Pharmacist Association supported narrowing amendments, with pharmacists objecting to section 3 and warning the bill as amended could create major operational burdens and a significant general fund cost. No vote was taken in the portion provided, and the chair moved on to the next measure after questions.
The committee then took up SB 2080, which would allow Hawaii to join the psychology interjurisdictional compact. Supporters, including DCR, the Hawaii Association of Health Plans, the Hawaii State Association of Counties, the Grassroot Institute, and others, said the compact would expand access to psychology services, especially for people in rural areas or those needing continuity of care while traveling. Opponents, including the Board of Psychology and a Shamanad University psychology professor, raised concerns about client safety, crisis-response procedures, enforcement costs, FBI background checks, and possible loss of state control over training and specialization standards. The board said Hawaii’s current 1,900-hour internship/postdoc requirement is higher than the compact’s standard and that the state is still implementing a separate provisional licensing law that may address some access issues. The discussion focused on whether the compact would meaningfully reduce shortages and whether Hawaii should instead pursue changes within its existing licensing system.
Finally, the committee heard SB 2277 on hospital price transparency. The Office of Consumer Protection initially noted the bill could require significant staffing, but later testimony from SHIP suggested the measure could be handled more simply by working with the Healthcare Association of Hawaii and publicly posting violations. The Healthcare Association of Hawaii opposed the bill, arguing hospitals already must comply with federal CMS transparency rules and that adding state requirements would increase costs and legal exposure, especially if violations were treated as unfair or deceptive trade practices. Steve Fenberg testified in support, saying the bill would simply codify existing federal requirements in state law and that he was open to amendments removing state enforcement and the unfair trade practice language. No final action was taken in the excerpt provided.
DE
Delaware 2025-2026 Regular Session
House Revenue - Finance Committee Meeting Jun 17th, 2026
Transcript Highlights:
- And let's take a look at kind of average retirees. So I did three scenarios.
- And so you see that Pennsylvania actually still has a little bit of a difference for a retiree to make
- So a retiree who's considering Delaware would actually save about $3,000 and about $8,000 by choosing
- Eighty percent of military retirees are enlisted, and they're practical, hands-on skilled workers in
- And the retiree piece, we are already a very large state to retire to, and that's having an impact on
Summary:
The House Revenue and Finance Committee met to consider two tax-related measures sponsored by Representative Holofsky. The first was House Substitute 1 for House Bill 386, the Tipped Worker Tax Relief Act of 2026, which would allow a temporary Delaware income tax deduction of up to $15,000 for qualified tips for tax years 2027 through 2029, with phaseouts at higher incomes and a refundable credit for lower-income workers. Committee discussion focused on whether the bill applied to residents and non-residents, whether credit-card tips were included, the need for an updated substitute, and the expected fiscal impact. The Office of the Comptroller General said the bill would likely reduce general revenue and that the fiscal note had not yet been fully reviewed, while Deputy Secretary Goldsmith said the Department of Finance could administer it and that implementation costs would be modest. After public comment, the committee voted on a motion to release the bill, but it did not receive enough votes, so the chair said she would walk it for additional signatures.
The committee then heard Senate Bill 219, which would phase in an increase in the military pension income exemption from $12,500 to $25,000 by tax year 2029. Representative Holofsky argued the measure would help attract and retain military retirees, support the economy, and provide a strong return on investment through spending, taxes, and community participation. Members raised concerns about whether the benefit should be income-based, with one member arguing that higher-income retirees may not need the tax break, while supporters emphasized the multiplier effect and the value of veterans to the state. Public testimony from Veterans of Foreign Wars representatives strongly supported the bill and described how the exemption could influence retirement decisions and local economic activity. A motion to release the bill also failed to get enough votes, and the chair said she would walk it for signatures before adjourning the meeting.
AL
Transcript Highlights:
- we try to work with those agencies, or make requests of those agencies that will be using these retirees
- We know the political pressure that could come to bear and retirees... it's a long discussion.
- We know the political pressure that could come to bear and retirees... it's a long discussion.
- retirees. So, it's a a double whammy. retirees. So, it's a a double whammy.
- and you we just it's a long retirees and you we just it's a long discussion.<00:37:31.359>
So
Summary:
The Senate convened with a quorum, approved excusing absent members, dispensed with the previous day’s journal, and allowed bill introductions and committee reports throughout the day. Members also recognized guests in the gallery, including Judge Smitherman and later Karen Butler, wife of Senator Tom Butler. The chamber adopted Senate Joint Resolution 11, honoring Alpha Kappa Alpha Sorority Incorporated on its Founders Day and 118 years of service, after reading the resolution at length and hearing brief remarks from Senator Figures.
The Senate then adopted the Rules Committee’s special order calendar and took up several bills. Senate Bill 12 by Senator Gudger, repealing a prior community development districts law tied to a Coleman County project, passed. Senate Bill 19 by Senator Livingston, dealing with health insurance/prostate cancer screening, also passed. Senate Bill 89 by Senator Sessions, repealing the 1931 State Pilotage Commission statute, passed; Senate Bill 134 by Senator Beasley, concerning taxation and interstate warehousing of tobacco products, passed after a committee amendment was adopted; Senate Bill 100 by Senator Kelly, extending the State Board of Pharmacy sunset for one year with appointment changes, passed; Senate Bill 114 by Senator Bell, expanding Alabama’s handling of out-of-state warrants to additional felonies, passed; Senate Bill 122 by Senator Stewart, regarding the State Board of Registration for Foresters, passed; Senate Bill 35 by Senator Kitchens, updating vessel registration language for Coast Guard compliance, passed; and Senate Bill 127 by Senators Coleman-Madison and Stewart, continuing the Board of Examiners in Counseling for four years, passed.
Senate Bill 28 by Senator Elliott, which would raise the earnings cap for retired law enforcement officers and district attorneys returning to work and address school bus driver staffing, was discussed at length but carried over at the sponsor’s request. Senators raised concerns about the bill’s impact on RSA/retirement system funding and the possibility of broader pressure for similar retiree reemployment arrangements, while supporters emphasized staffing shortages, training savings, and benefits for schools and public safety. The session concluded with the calendar completed and a new resolution introduced by Senator Orr recognizing the 250th anniversary of the United States Postal Service, which was taken up for immediate consideration and adopted.
HI
Transcript Highlights:
- for for the big island so you coverage for for the big island so you know<00:09:54.600>
those - The other major portion is retiree health insurance benefit that the state provides.
- Some private hospitals do provide maybe a small amount of retiree health insurance benefit, but it is
- The other major portion is retiree health insurance benefit that the state provides.
- The other major portion is retiree health insurance benefit that the state provides.
Summary:
The joint Ways and Means and Health and Human Services committees heard Hawaii Health Systems Corporation’s biennium budget request, with testimony from HHSC leadership on the Hilo/Big Island region (HTH 212) and the Oahu region (HTH 215), plus discussion of capital improvement projects and systemwide partnerships. HHSC described its role as the rural healthcare safety net, serving a high share of Medicare, Medicaid/Quest, and uninsured patients, and said its costs are elevated by state employee fringe benefits, which it said are about 64% compared with roughly 30% in the private sector. HHSC also said pandemic-era federal aid, including relief funds and PPP loans totaling about $100 million, reduced the need for general fund support in prior years.
For HTH 212, HHSC said its general fund request for fiscal years 2026 and 2027 was higher than the governor’s recommendation because of rising insurance, pharmaceutical, and contractor labor costs, and because it includes $13.2 million in FY 2026 and $2.3 million in FY 2027 for Epic electronic medical record implementation in East Hawaii. For HTH 215, HHSC said the requested general funds were aligned with the governor’s recommendation, in part because of increased Medicaid reimbursement rates for long-term care facilities under prior legislation. HHSC also said it was restoring a special fund ceiling so the region could spend its cash collections on operations.
Members asked about the 64% fringe rate, and HHSC explained the difference was mainly due to defined-benefit pension and retiree health insurance costs, which private hospitals generally do not bear at the same level. Members also asked about the Daniel K. Akaka State Veterans Home, and HHSC said operations would be funded through the general fund corporation for the home when it opens, with management by Ohana Pacific, but no additional legislative operating funds were being requested at that time. Other questions focused on staffing and vacancies, including an abolished procurement position and an ongoing IT help desk recruitment need.
HHSC highlighted several capital and partnership projects, including a $25 million state CIP request matched by $25 million from the Benioff family for the Benioff Health Center, an ER expansion and reconfiguration at Corner Community Hospital, and $7.5 million in each fiscal year for Kauai EMR capital funds to join the Epic platform. Testimony also described collaborations with Queen’s, the University of California San Francisco, Hawaii Pacific Health, the Hawaii Cancer Consortium, the Department of Health, and the state hospital to improve specialty access, clinical trials, behavioral health, and patient placement across the system.
NM
New Mexico 2025 Regular Session
IC - Water and Natural Resources Jul 2nd, 2025
Water & Natural Resources Committee
Transcript Highlights:
- We do offer coverage for mobile homes and manufactured homes.
- There is no coverage for vacant dwellings, and they do Cover commercial property.
- The coverages that you will see in the slides will show you the coverages that the plan insures against
- Currently, our coverage limits we write 350,000 for residential coverage.
- I'm very anxious about getting commercial coverages up to 2 million.
AL
Alabama 2025 Regular Session
Alabama House Ways and Means Education Committee Feb 26th, 2025
Ways and Means Education
Transcript Highlights:
- revenue reach out to me about supporting this amendment, but wondering if we might qualify it for retirees
- For medical Medicare eligible retirees and is working with the consultants to have the best opportunity
- Would... you know, to have more favorable rates to the retirees.
- This would apply only to the Medicare eligible retirees.
- For these Medicare eligible retirees, the thought is they would get a more...
Keywords:
HB226, homestead exemption, ad valorem tax, property tax, property tax relief, widow, widower, unremarried spouse, surviving spouse, senior exemption, elderly, disabled, permanently and totally disabled, blind taxpayer, deed ownership, principal residence, school tax, county tax, municipal tax, Alabama Department of Revenue
KY
Kentucky 2025 Regular Session
Public Pension Oversight Board (12-12-25) - Part 1
Transcript Highlights:
- On the retiree health side, liability is doing did increase, correct?
- 65 and a typical retiree over 65, how much is the typical retiree over 65?
- On the retiree health side think.
- <00:21:28.000>
I'm retirees for the health care? I'm retirees for the health care? - under 65 and a much a typical retiree under 65 and a typical<00:21:43.080>
retiree <00:21:43.520
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.
NH
Transcript Highlights:
- unless enabling legislation is retirees unless enabling legislation is enacted<01:15:42.600>
retirees - can't I I I just yes like the retirees can't I I I just yes like the retirees are<01:20:56.080><
- Our retirees are continuing to pay their fair share.
- Our retirees are continuing to pay their fair share.
- <01:25:09.560>
live behind many New Hampshire retirees live behind many New Hampshire retirees
MO
Missouri 2026 Regular Session
Joint Committee on Public Employee Retirement Apr 28th, 2026
Joint Committee on Public Employee Retirement
Transcript Highlights:
- And then finally, we have nearly 56,500 retirees and beneficiaries.
- We have nearly 56,500 retirees and beneficiaries.
- We have more retirees than active members.
- And there are some of 45,000 others who are, and hopeful, actually more when you consider the retirees
- There's probably more retirees in this geographic area than any part of the state.
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 Executive Director Abby Spieler and investment consultant Tim McKinery outlined the system’s structure, membership, funding policy, and investment approach. They reported that as of the June 30, 2025 valuation, MOSERS had a 55.4% funded ratio, about $17.4 billion in liabilities, and about $9.6 billion in assets. They explained that the FY27 employer contribution rate was certified at 32% under the board’s minimum contribution policy, up from 30.25%, and said the increase is tied to a $46 million new decision item in House Bill 5.
The presentation emphasized that MOSERS is a mature plan with more retirees and inactive members than active employees, and that slow or declining payroll growth has made it harder to pay down unfunded liabilities. MOSERS described recent policy changes intended to improve long-term stability, including lowering the investment return assumption over time, updating mortality assumptions, and adopting a minimum employer contribution policy. The board’s 2024 asset-liability study also led to a shift toward more public equity exposure and less fixed income, with the consultant saying asset allocation has been the main driver of relative investment underperformance versus peers in recent years, though recent returns have improved and the portfolio has outperformed its policy index over shorter periods.
Committee members questioned why the funded ratio has fallen over time, whether past investment assumptions were too optimistic, and whether the board had been too conservative in its asset allocation. MOSERS representatives responded that the earlier strategy was a board-approved risk-balanced approach and that hindsight makes the results easier to judge, while stressing that current changes are intended to improve long-term outcomes. Members also asked about the impact of inactive members, the automatic refund proposal for small terminated accounts, and the ongoing Catalyst Capital litigation. MOSERS said the proposed legislation would automatically refund small inactive balances and auto-escalate deferred compensation contributions, and reported that litigation-related attorney fees have been about $20 million so far. No votes were taken, and the committee adjourned after questions and discussion.
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Thursday, June 25, 2026)
US Federal House Floor Meeting
Transcript Highlights:
- And while Medicare covers vitiligo treatment, Medicaid coverage varies state by state.
- Medicare and Social Security are: today's worker pays for today's retiree.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Public Service Jun 21st, 2026 at 01:00 pm
Joint Committee on Public Service
Transcript Highlights:
- He's a proud Mass Retirees member to this day.
- I'm here in support of Senate Bill 1815, an act relative to GIC health care coverage for Group 4 members
Summary:
The Joint Committee on Public Service heard testimony on a wide range of retirement classification and benefit bills affecting municipal and state employees. Much of the hearing focused on proposals to move various workers from Group 1 to Group 2 or Group 4, including municipal building officials (H. 2776), MassDOT highway workers (H. 2908/Sousa’s Law), DCF attorneys (H. 2771), probation officers, licensed electricians, drinking water operators (H. 3000/S. 1834), MWRA non-clerical workers (S. 1803), transitional parole officers (H. 2878), Plymouth BCI criminal investigator officers (H. 2975/S. 1863), Beverly fire alarm operators/public safety telecommunicators (S. 1876), Massport pipefitters and refrigeration technicians (H. 2788/S. 1829), and other public safety or hazardous-duty classifications. Witnesses generally argued that their work is physically dangerous, understaffed, or comparable to already higher-classified employees, and several said the changes would help recruitment and retention with little fiscal impact because the affected groups are small.
The committee also heard testimony on H. 4508, a home rule petition to grant a disability pension to Boston principal Patricia Lampron. Supporters, including Representative Dan Hunt, Boston city councilors, and Lampron herself, described a severe 2021 assault at the Henderson Inclusion School that left her with lasting physical and psychological injuries and forced her into early retirement. They urged the committee to advance the bill quickly. One witness, Pamela McLaughlin, testified in opposition, arguing the bill would set the wrong precedent and describing alleged prior misconduct by Lampron, and asked that the bill be sent to study.
Several witnesses and committee members asked brief questions, mainly about the scope of the bills, whether certain workers were already in higher groups, and the fiscal or precedent concerns. No votes were taken during the hearing. At the end, the chairs announced that testimony was complete, asked whether anyone else wished to speak, and then the committee voted to adjourn.
FL
Florida 2025 Regular Session
February 11, 2025 - 01:00 PM
Transcript Highlights:
- Most of our residents are on Medicaid; there's no dental coverage.
- Many retirees are relocating to Florida and wish to continue their practice.
Summary:
The Health Professions and Programs Subcommittee heard and advanced three bills. HB 21 would create a new licensed profession of dental therapy under the Department of Health and Board of Dentistry, allowing trained dental therapists to provide a limited scope of care under a supervising Florida-licensed dentist through a collaborative management agreement. Sponsor Rep. Cheney argued the bill would help address severe dental shortages and improve access in underserved areas; opponents from the Florida Dental Association and oral surgery groups warned that the bill would allow irreversible procedures by less-educated providers and could compromise patient safety. Supporters, including dentists, hygienists, and community health center leaders, said dental therapists would expand access and free dentists to handle more complex care. An amendment was adopted to require proof of local anesthesia training, adverse-incident reporting, and updated background screening language. The bill was reported favorably as amended by a 14-1 vote.
The committee then considered HB 27, which creates the Social Work Licensure Interstate Compact to allow licensed social workers to practice across member states, including through telehealth, and to help military families and address workforce shortages. Supporters from the National Association of Social Workers and other advocates said the compact would improve mobility, reduce administrative burdens, and expand access to mental health services, especially in underserved and rural areas. A technical amendment restoring model language and setting an effective date of July 1, 2025 was adopted, and the bill was reported favorably as amended on a 15-0 vote.
Finally, the committee heard HB 29, the public-records companion to the social work compact, which creates exemptions needed for compact compliance and allows the compact commission or its committees to meet in closed session when discussing information exempt under law. After a technical amendment authorizing closed meetings for exempt matters was adopted, the bill was reported favorably as amended on a 15-0 vote. The meeting then adjourned.