Transcript Highlights:

• Chair Kegel and members, the essential health benefits benchmark has home care services as a section.
• Health Plans submitted a letter on Tuesday that showed um a Health Partners Essential Health Benefit Benchmark
• > a Health Partners Essential Health a Health Partners Essential Health Benefit<00:19:00.400> Benchmark
• > Plan<00:19:01.280> for<00:19:01.440> 25<00:19:02.040> through Benefit Benchmark
• Plan for 25 through Benefit Benchmark Plan for 25 through 27.<00:19:03.440> It<00:19:03.680><

Keywords: 919, house, all

Summary: The conference committee on House File 4188 met on May 16, 2026, with a quorum present and indicated it was intended to be the final meeting. The main issue discussed was an amendment to the 62J language concerning home care nursing services for children with complex medical needs. Chair O'Driscoll said the amendment would direct the Departments of Commerce and Health and Human Services to review the fiscal impact on the state, families, and health plans, and to develop possible legislation for 2027. Supporters described the proposal as a pause to allow more review, while also acknowledging it was not a complete solution. Senator Bolden and others testified strongly against allowing the coverage changes to stand, saying the issue affects roughly 200 to 250 families statewide, many of them children who need hospital-level care at home. They warned that capping or denying private coverage would shift costs to Medicaid waivers, strain family waiver budgets, increase state costs, and potentially force more children into hospitals, reducing critical care capacity. Committee members also questioned Commerce Commissioner Grace Arnold and department staff about the distinction between home care nursing and home health services, statutory definitions, billing units, essential health benefits, waiver budgets, and the effect of enforcement actions involving HealthPartners. The committee adopted the A30 amendment by voice vote, and the motion prevailed. Members then took up another provision, described by staff as the meat raffle/paddle wheel language, and adopted an amendment to add the game of Haus und Pfeffer before approving the provision as amended. In final remarks, members from both chambers praised the committee’s work and professionalism, but several expressed regret that the home care nursing issue was not resolved in the conference report and said it would need further work next session. They also noted other items that did not make it into the bill, including reinsurance and certain other policy provisions.

Transcript Highlights:

• Given this amount of spending, it is crucial that the state ensure a process of licensure.
• I don't need to spend a ton of time, but what's really important is that Deloitte, using industry best
• I'll just spend a couple more minutes before answering any questions.
• We can move to market benchmarking.
• Benchmarking is basically the process of comparing jobs and their assigned salaries with the market data

Transcript Highlights:

• The average score for the 28 districts in this map is 0.46, which is consistent with the benchmark map
• the average score for the 28 districts in the governor's map is 0.46, which is consistent with the benchmark
• the average score for the 28 districts in the governor's map is 0.46, which is consistent with the benchmark
• That's what we should be spending time on, not on this.
• That's what we should be spending time on, not on this.

Keywords: 998, house, all

Transcript Highlights:

• The average score for the 28 districts in this map is 0.46, which is consistent with the benchmark map
• the average score for the 28 districts in the governor's map is 0.46, which is consistent with the benchmark
• the average score for the 28 districts in the governor's map is 0.46, which is consistent with the benchmark
• That's what we should be spending time on, not on this.
• That's what we should be spending time on, not on this.

Summary: The Senate convened in special session and took up Senate Bill 8D, later substituting identical House Bill 1D, to establish Florida’s congressional districts. The opening prayer and Pledge of Allegiance were followed by procedural remarks, then extensive floor discussion focused almost entirely on the redistricting proposal, its timing, and its legal basis. Senator Gaetz, explaining the bill, said the Governor had transmitted the map two days earlier, argued that mid-decade congressional redistricting is not prohibited by law, and said the Governor’s stated reasons were to address population growth and to draw race-neutral districts. He also said the legislature could accept, reject, or amend the proposal. Much of the debate centered on the U.S. Supreme Court’s recent Louisiana decision and whether it affected Florida’s Fair Districts Amendment and the Voting Rights Act. Senators Smith, Rouson, Sharief, Polsky, Arrington, Bracey Davis, Bernard, Nathan, and others questioned the short notice, lack of public hearings, the use of partisan data, the absence of sworn testimony, and whether the map diluted minority voting strength or fragmented communities of interest. Gaetz repeatedly said he was not offering legal opinions, that the Governor’s counsel believed the Fair Districts race-based provisions were inconsistent with federal law, and that any legal challenge would be for the courts. He also said the Governor’s mapmaker reported using census and demographic data, along with political data as one of many inputs, and claimed the map’s compactness was comparable to the current map. A motion by Senator Smith to temporarily postpone consideration of the bill failed on a 12-23 vote. After the Senate returned from a 30-minute break to review the new Supreme Court decision, debate continued. The chamber then substituted HB 1D for SB 8D, read the House bill, and advanced it to third reading. The transcript ends during debate on final passage, with Senators Rouson and Bernard speaking in opposition and arguing the map was procedurally rushed, legally vulnerable, and politically motivated.

Transcript Highlights:

• Academic standards and benchmarks: the department adopts standards and benchmarks in specific subject
• The standards and benchmarks are also reviewed on a 10-year cycle, so there's always some subject that
• <00:18:05.880> and I should mention the standards and I should mention the standards and benchmarks
• 06.880> also<00:18:07.080> reviewed<00:18:07.480> on<00:18:07.559> a benchmarks
• are also reviewed on a benchmarks are also reviewed on a 10-year<00:18:08.240> cycle<00:18:09.080

Keywords: 1183, house

Summary: The Education Policy Committee met for its first hearing of 2025 and began with member and staff introductions, along with opening remarks from Chair Peggy Bennett about her first time chairing the committee. Members briefly described their districts and backgrounds, and the chair also reviewed committee rules and procedures, including deadlines for bill requests, amendments, testifiers, and handouts. Nonpartisan House Research then provided an extensive overview of the committee’s jurisdiction and the education code. The presentation covered the Department of Education’s duties, including supervision of public schools, rulemaking under legislative authority, state and federal education funding and compliance, standards and assessments, accountability systems, student discipline, and model policies. It also discussed related entities such as PELSB, the Board of School Administrators, the Perpich Center, regional centers of excellence, Compass, MTSS, and the READ Act. The committee asked questions about zoning for school sites and about teacher licensure changes, including the tiered licensure system and recent adjustments affecting special education teachers and standards of effective practice. No bills were heard and no votes were taken. The meeting was primarily organizational and informational, focused on orienting members to the committee’s work and the structure of Minnesota’s education policy system.

Transcript Highlights:

• We plan to spend this July 2, so that won’t be an issue.
• is regarding your statement, the end date and determining whether it's successful: what are your benchmarks
• What's the benchmark?
• The sandbox provisions actually require an insurer who's applying to participate to set their own benchmarks
• $2.4 million and $3.1 million, respectively, each year of the biennium, on what they would typically spend

Bills: AB6, AB102, AB131, AB212, AB213, AB220, AB259, AB282, AB376, AB396, AB479, AB503, AB570, AB572, AB574, AB576, AB593, SB185, SB207, SB507, AB6

Keywords: fetal alcohol spectrum disorder, FASD, prenatal alcohol exposure, children's health, developmental disability, early intervention, treatment assistance, Aging and Disability Services Division, Department of Health and Human Services, Autism Treatment Assistance Program, public health, parent education, evidence-based treatment, Nevada NRS 427A, disability services, behavioral health, emergency medical services, ambulance, licensing, health district

Transcript Highlights:

• So I guess, is there a reason that a mining company can't spend that money?
• Tiny though that ask might be, and so for the return on investment that we would spend, I would rather
• The entire budget package as a whole when we're evaluating where we're going to spend these dollars.
• We're going to look at what you're spending.
• I don't understand how spending... ...to show that what they are doing works.

Bills: HB2056, HB2202, HB2207, HB2224, HB2303, HB2344, HB2532, HB2759, HB2798

Keywords: brackish water, groundwater, desalination, water resources, feasibility study, environmental impact, dementia care, telementoring, healthcare education, rural communities, grant funding, braille, disability access, education funding, state corrections, inclusion, produce incentive, agriculture, economic support, funding

Summary: The Appropriations Committee met on January 28 and heard several bills, beginning with member and staff introductions and a reminder about amendment deadlines. HB 2056 would appropriate $100,000 to the Arizona Department of Water Resources for a feasibility study of brackish groundwater desalination sites; the sponsor said Arizona should explore potential water supplies amid Colorado River concerns. A witness opposed the bill, and members debated whether brackish groundwater should be treated as a resource or a threat to aquifers. The committee approved HB 2056 on an 11-6 vote, with one member not voting. The committee then considered HB 2798, as amended, which would provide $100,000 to the University of Arizona/Arizona Geological Survey to compile data on materials related to nuclear energy, including thorium and other non-uranium fuels. The sponsor framed the bill as an economic development and national security effort, while opponents questioned whether Arizona has enough of the material to justify public spending. The University of Arizona supported the work as within the Geological Survey’s mission. The committee adopted the amendment and passed the bill 11-5, with one member present and one not voting. HB 2303 would codify investment rules for the State Treasurer, requiring safety and principal preservation ahead of return and prohibiting speculative investments and insider-benefit conduct. The Treasurer’s Office said the bill reflects current policy and ethics rules already in place, and members asked about how “speculative” would be defined and whether the bill would affect other investment-related statutes. The committee passed the bill 15-0, with two members present and one not voting. HB 2344 would require the Treasurer to manage the local government investment pool and allow a third-party backup only in emergencies; the Treasurer’s Office argued this preserves a low-cost, high-liquidity service for local governments, while some members questioned whether it limited future Treasurers’ discretion. The committee passed HB 2344 12-2, with three present and one not voting. Later, the committee heard HB 2759, which would appropriate $500,000 to the Department of Veterans’ Services to partner with an educational institution in Yavapai County for veteran programs. A retired Navy SEAL and campus veterans coordinator described emergency housing, equipment, and professional-development needs for student veterans at Embry-Riddle, while several members supported the effort and others objected to using state funds for a private institution or a county-specific program. The bill passed 11-6, with one not voting. The committee also passed HB 2207, appropriating $300,000 for the prison Braille transcription program, after testimony that the program trains inmates in a skilled trade and has had no recidivism among released participants; it passed 17-0, with one not voting. Finally, HB 2224, as amended to reduce the appropriation from $2 million to $1 million, would fund the Double Up Food Bucks produce incentive program through SNAP. Supporters said it helps families, farmers, and local economies and can improve health outcomes, while members discussed budget constraints; the committee approved the amended bill after testimony from program advocates and farmers.

Transcript Highlights:

• In front of you is a 400-slide. presentation that I'll spend four hours on.
• So, the state does not mandate spending.
• It is how you spend the money.
• I will spend all the money that you give me and I'll give it to the schools.
• Because that's what you did, you put it away to spend extra.

Keywords: 1184, house, all

Transcript Highlights:

• They all spend tens if not hundreds of millions of dollars on their state.
• Our office spends a lot of time training and advising county officials.
• Increased spending has correlated with a rise in question costs.
• Accomplishments like spend just a little bit of time on that.
• You guys are spending on projects.

Keywords: 914, all

Transcript Highlights:

• My concern is, as one of the chairs of this committee, is making sure that we have the dollars to spend
• My concern is, as one of the chairs of this committee, is making sure that we have the dollars to spend
• My concern is, as one of the chairs of this committee, is making sure that we have the dollars to spend
• My concern is, as one of the chairs of this committee, is making sure that we have the dollars to spend
• versus a city we uh benchmark ourselves versus a city that's<00:58:38.240> only<00:58:38.400>

Bills: HF1972, HF229, HF1090, HF1084, HF1307, HF1274, HF1609, HF2110, HF211, HF216, HF222, HF224, HF225, HF203, HF206, HF207, HF208, HF227, HF246, HF427, HF466, HF502, HF680, HF971

Keywords: community center, Breckenridge, capital investment, state bonds, economic development, HF229, North Branch Area Hockey Association, Stacy Ice Arena, Chisago County, general fund appropriation, grant, ice arena, hockey rink, youth sports, recreational facility, community arena, nonprofit, DEED, Department of Employment and Economic Development, local infrastructure

Transcript Highlights:

• . >> And do you have benchmarks or criteria or measurements that you go through that they should meet
• <00:34:09.919> or >> And do you and do you have benchmarks or >> And do you and
• So you can see in the graphic we've incrementally been increasing our ask and appropriately spending
• our um ask and appropriately spending our um ask and appropriately spending those<00:58:30.240><
• <01:19:38.320> their or whether they're going to spend their or whether they're going to spend

Keywords: 958, all

Summary: The Budget Review Subcommittee on Health and Family Services met in person, approved the October 15 minutes, and began with a moment of silence following a Louisville UPS plane explosion that was described as a local tragedy affecting many families and first responders. The main presentation was an overview of Kentucky’s Medicaid non-emergency medical transportation (NMT) program from the Department for Medicaid Services and the Transportation Cabinet. Witnesses explained that NMT is a federally required Medicaid benefit, administered by the Transportation Cabinet under a risk-based capitated model, with eligibility limited to Medicaid members traveling to medically necessary, Medicaid-covered services and who lack access to other transportation. They also described exclusions, including certain KCHIP, QMB, and PACE members, and outlined the brokered regional structure, call center operations, scheduling rules, vehicle and driver oversight, complaint handling, and rider surveys. The presenters reported that NMT handled more than 3.1 million trips in state fiscal year 2024, with over 1.38 million trips already recorded in October, and said customer satisfaction surveys were high. They said the FY 2025-26 contract total is about $360.6 million, with monthly per-member capitation rates set by region through an actuarial process and approved by CMS. They emphasized that payments are tied to monthly Medicaid enrollment and that the state draws down federal funds for the exact amount paid, with no leftover balance. They also said most NMT use comes from adult day centers and rehabilitative care such as dialysis. Members questioned the witnesses about how quality metrics and contract standards are set, whether the state had explored alternatives such as Uber Health or other integrated models, and how utilization was calculated. The witnesses said contract requirements are developed collaboratively by Medicaid Services, the Transportation Cabinet, and other agencies, and that studies of other models generally found higher costs and lower approval ratings, with additional research on a hybrid model expected by the end of the year. They clarified that one figure reflected the share of Medicaid members with registered vehicles, while another reflected actual NMT users, and they defended the capitated structure as shifting financial risk to brokers rather than the state. Representative Fleming also raised concerns about oversight, reporting, and the apparent gap between budgeted and contracted amounts, asking whether any unused funds would return to general funds; the discussion ended before a final answer was given.

Transcript Highlights:

• penetration testing, as was mentioned, but also measure agency practices against nationally recognized benchmarks
• the community to see, is there anything that I can use that I have currently that I don't have to go spend

Summary: The Joint Legislative Audit and Review Committee held a public hearing on the State Auditor’s Office cybersecurity performance audits for fiscal year 2025, covering both state agencies and local governments. SAO staff explained that the audits are conducted independently under Initiative 900 and are kept confidential at the entity level, with detailed findings shared directly with the audited organizations. They reported that state agency audits found nearly one-third of assessed safeguards fully implemented on all systems and 227 vulnerabilities across seven agencies, including three critical and 21 high-severity issues. For seven local government cybersecurity audits, nearly a quarter of safeguards were fully implemented on all systems, and auditors identified nearly 300 vulnerabilities, including nine critical and 47 high-severity issues. SAO also summarized its ransomware resiliency audits and critical infrastructure audits for local governments. In six ransomware audits, a little over 35% of assessed safeguards were not in place, while about 60% were at least partially in place. In 39 critical infrastructure audits, focused largely on water and sewer providers, auditors found over 260 vulnerabilities and said more than 10% were critical or high. Staff highlighted that these audits have led to improvements, including one vendor making security changes after SAO testing that were later echoed in a federal advisory. They also described related services such as cybersecurity checkups, policy guidance, and other cyber-related work by the office. Washington Technology Solutions’ state chief information security officer, Ralph Johnson, praised the audits and said they help protect essential public services. He cited a sharp national rise in ransomware incidents against governments and said Washington has used more than $11 million in federal and state cybersecurity grant funds for over 200 projects. In response to questions from Representative Scott, SAO and WOTEC discussed options for addressing urgent vulnerabilities, including compensating controls, grant funding, and low-cost mitigation steps. The committee also discussed how Washington’s program compares nationally, with Johnson saying Initiative 900 is unusually comprehensive and that local governments often seek audits voluntarily. No votes were taken, and the hearing adjourned after public testimony was offered but none was given.

Transcript Highlights:

• Do you have any 20% of spending.
• their existing spending?
• their existing spending?
• And the ways in which their spend is different from folks who might be spending less money.
• And the ways in which their spend is different from folks who might be spending less money.

Bills: HB1952, HB1951, HB1929, HB2497, HB2208, HB2572, HB1953, HB2551, HB2549, HB1737, HB1628, HB1769, HB2493, HB2264, HB1997, HB2168, HB2427, HB1805, HB2180, HB2184, HB2219, HB2469, HB2233, HB2519, HB2141, HB1904, HB2201, HB2410, HB2007, HB2385, HB2444, HB2349, HB2235, HB1872, HB2416, HB2291, HB2292, HB2263, HB2359, HB2455, HB1509, HB1514, HB1515, HB1648, HB2164, HB2323, HB1825, HB2172, HB1888, HB2005, HB2387, HB2358, HB2119, HB2276, HB2472, HB1714, HB2325, HB1541, HB1960, HB2140, HB2315, HB2367, HB2388, HB1696, HB2333, HB2138, HB2332, HB2283, HB2059, HB2057, HB2589, HB2417, HB2337, HB1588, HB2217, HB2020, HB1915, HB1742, HB2026, HB1965, HB1546, HB2360, HB1563, HB1749, HB2614, HB1511, HB1753, HB1849, HB1641, HB2161, HB2194, HB1721, HB2284, HB2188, HB1897, HB1880, HB1573, HB1876, HB20, HB2137

Keywords: HB1952, Hawaii agriculture, University of Hawaii, CTAHR, College of Tropical Agriculture and Human Resilience, Kauai, agricultural research station, extension station, capital improvements, general obligation bonds, GO bonds, appropriation, ADA compliance, Americans with Disabilities Act, certified kitchen, greenhouse, laboratory, field research, cesspool decommissioning, invasive species

Transcript Highlights:

• organizations and/or facilities to access low- to zero-interest capital funding if certain access benchmarks
• organizations and or facilities to access low to zero interest capital funding if certain access benchmarks

Keywords: 995, all

Summary: The Massachusetts Youth Sports Working Group held a public hearing and working group meeting to review and approve prior meeting minutes, then consider final recommendations from its subcommittees. The group unanimously approved the minutes from the April 27 public hearing and the April 7 working group meeting. It then discussed and adopted a health and safety protocol recommendation that broadens the state’s authority to set youth sports protocols beyond concussions to include injuries and other health risks, including weather-related issues such as heat, and potentially emergency action planning. The discussion noted testimony from athletic trainers supporting expanded concussion protections, heat rules, and event-specific emergency response planning. The group also approved two recommendations from the subcommittee on parents, money, sports, and facilities. The first would direct the state agency overseeing youth sports to ensure facilities and organizations do not ban parents or family members from recording youth sports events, in response to concerns about private entities restricting filming and requiring paid streaming services. The second would direct the agency to work across state government to create a grant program offering low- to zero-interest capital funding for organizations or facilities that meet youth sports access benchmarks, with members emphasizing equitable access and responsible use of public resources. After the votes, the chair opened the floor for any additional topics and public testimony. No members of the public chose to speak, though attendees were invited to submit written testimony by email. A working group member asked whether the subcommittees had completed their work, and staff said no further subcommittee work was anticipated, with the next meeting expected to focus on the final report. The meeting then adjourned by unanimous roll-call vote.

Transcript Highlights:

• If we're making or delegating authority to somebody who is using DEI as a benchmark or any of the EG
• We worked with loft and even visited with the treasurer and looked at spending.
• And this is a subtle start to trying to fix the problem we have with With spending in the state.

Bills: HB1739, HB1784, HB1889, HB2116, HB2206, HB3625, HB2939, HB3028, HB3265, HB3313, HB3413, HB3414, HB3415, HB3416, HB3417, HB3418, HB3420, HB3588, HB3748, HB3721, HB3852, HB4132, HB4263, HB4303, HB4311, HB4428, HB4429, HB4434

Keywords: retirement, law enforcement, disability benefits, pension system, Oklahoma, education reform, local control, student outcomes, curriculum changes, school funding, public retirement systems, pension, retirement benefits, cost-of-living adjustment, COLA, inflation adjustment, CPI-U, Consumer Price Index, firefighters pension, police pension

Transcript Highlights:

• Those additional dollars circulate back into our economy through higher spending, increased tax revenue
• money flowing into our campuses; it's money flowing into communities across the state through jobs, spending
• We basically want to set up some benchmarks and goals for our college university as to try to...

Keywords: 914, all

Transcript Highlights:

• When her baby arrived 3 weeks early and had to spend time in the NICU, she was placed on the childcare
• First, it requires the Texas Workforce Commission and local workforce boards to report on spending for
• By setting these benchmarks, House Bill 3173 ensures that youth workforce development efforts are continuously

Transcript Highlights:

• Ingoglia: IS THERE A BENCHMARK OR A MEASURE TO SAY -- WHERE MY CONCERNS AS WE SHOULD NOT BE USING SYSTEMS
• PEOPLE SPEND DAYS AND WEEKS ON THE WATER.
• WE GET LEGISLATIVE THAT DOES NOT WORK CREATES MORE PROBLEMS AND NOT FEWER AND YOU PEOPLE SPEND HOURS

Keywords: 999, senate, all

Transcript Highlights:

• So then we have to show, you know, that we are meeting certain benchmarks to be able to continue being
• 58:04.880> those really address are we meeting those really address are we meeting those benchmarks
• We are accountable to HERSA benchmarks.
• <00:58:15.119> to<00:58:15.359> be are meeting certain benchmarks to be are meeting
• certain benchmarks to be able<00:58:15.680> to<00:58:16.000> continue able to continue

Keywords: Meeting Start 00:00:00 Attendance Roll Call 00:00:09 Approval of Minutes 00:00:48 KOAP Report 00:01:09 Update from CHFS 00:20:27, 958, all

Summary: The meeting opened with a quorum, approval of the September 18, 2025 minutes, and a staff update on recent tobacco settlement-funded agriculture activities. The agriculture side highlighted Commissioner Shell’s outreach, including school visits, farm visits, and speaking engagements in Kentucky and a trip to Tennessee to discuss program models. A representative also described a national conference in Iowa, where Kentucky’s agriculture finance program was praised as a $180 million loan program built with tobacco settlement funds. The board noted September approvals totaling $950,000 for the agriculture development board and $3.3 million for the finance corporation, along with staff activity such as site visits, program closures, and project reports. The board also announced that the KKMP report covering 2015-2022 would be distributed and that the annual report, marking the program’s 25th anniversary, was being prepared. The board then reviewed two featured projects. The Organic Association of Kentucky requested $425,000 for organic producer support, but the board approved only one year of funding at $29,000, with members noting concern about recurring applicants and the need to evaluate long-term funding. The second project, by Joseph Dale Bentley in Lewis County, sought $51,300 to expand a small ruminant facility for goat production and export. Members were particularly interested because the project was already operating and creating market opportunities for Kentucky goat producers; the board approved half the project cost to help expand infrastructure and potentially allow quarantining on site. The cabinet then presented its annual update on tobacco settlement fund use in public health. Julie Brooks, Sarah Johnson, and Andrea Day reported on the HANS home visitation program, tobacco prevention and cessation efforts, lung cancer screening, and early childhood oral health. HANS served more families in FY25, rising from 6,293 to 6,715, and increased services from 139,943 to over 143,000. Tobacco prevention and cessation programs continued to support Quit Now Kentucky and My Life, My Quit, though officials noted federal uncertainty and the loss of federal tobacco control infrastructure. They also reported a slight decline in student outreach and cessation requests, but continued demand from schools and communities for vaping and nicotine prevention support. Lung cancer screening expanded to 55 screens, with Kentucky cited as a model for other states due to improved incidence, survival, and early detection rates. Early oral health efforts continued through local health departments, with more trainings for public health nurses, continued varnish kits, and expanded support for dental graduates and hygiene teams.

Transcript Highlights:

• like<00:05:28.639> um<00:05:28.800> but<00:05:28.960> in fairly flat or benchmark
• like um but in fairly flat or benchmark like um but in this<00:05:29.440> three<00:05:30.080>
• They target a 70% U.S. equity, 30% fixed income, which is benchmarked to the intermediate government
• We had a positive quarter, although it is off of the long-term benchmarks.
• But they do most exceed that key benchmark. exceeds the discount factor.

Keywords: Meeting Start: 00:00:01 Attendance Roll Call: 00:01:26 Approval of Minutes: 00:02:27 Investment, Cash Flow, and Legislative Update: Bo Cracraft – Judicial Form Retirement System: 00:03:12 Ryan Barrow – Kentucky Public Pensions Authority: 00:21:52 Beau Barnes – Teachers’ Retirement System: 00:34:31 Adjournment: 01:07:25, 958, all

Summary: The meeting opened with the Pledge of Allegiance and prayer, followed by a roll call confirming a quorum and approval of the prior minutes. A special guest, Dave Eager, was welcomed before the committee moved to presentations from retirement system officials. Bo Craycraft, executive director of the Judicial Form Retirement System, gave a quarterly update on investment performance, asset allocation, and cash flow. He said the plans had held up well amid market volatility, with fiscal year-to-date returns above benchmark and long-term returns remaining strong. He explained that the plans are targeted to a 70% equity/30% fixed-income allocation, that some cash is being held for cash-flow management, and that negative cash flow is expected because of funding and contribution levels. He also said Senate Bill 183, dealing with proxy voting and economic analysis for certain votes, was not expected to materially affect the plans because of their small number of holdings and Bear Trust’s long-term investment approach. Ryan Barrow and Erin Surrod then presented for the Kentucky Pension Authority. They reported positive quarterly performance across the retirement and insurance funds, though results varied by period and remained tied to broader market conditions. They said recent asset-allocation changes had been completed and the funds were now within target ranges. On cash flow, they noted some plans remained negative or near zero, with one plan benefiting from a large appropriation. In the legislative update, they described House Bill 30 as codifying an exclusion from pension-spiking calculations for across-the-board raises, and Senate Bill 10 as increasing retiree health insurance subsidies and changing employee health insurance contribution rules for certain CERS members beginning in 2026. They also said Senate Bill 183 would likely have limited impact, though the agency would review voting policies and incorporate any required economic-analysis procedures.