Transcript Highlights:

• me if I'm wrong, is that they then would have an earnings limitation if they were to start their annuity
• start their annuity at an earlier age. start their annuity at an earlier age.
• annuities their pension already. annuities their pension already.
• to the standards of survivor annuities to the standards of appendix.<00:23:10.760> Mr.
• amends the combined service annuity amends the combined service annuity statute<01:12:18.240>

Keywords: 1187, senate, all

Transcript Highlights:

• I might note we heard some testimony during an interim study, and part of this bill requires some annuity

Bills: HB3041, HB4428, HB4429, HB1064, HB3265, HB3721, HB3028, HB3313, HB3588, HB3020

Keywords: credit card transactions, payment methods, service charge, consumer rights, financial regulation, public finance, pension, pension fund, retirement system, board of trustees, proxy voting, proxy proposal, shareholder vote, shareholder activism, fiduciary duty, pecuniary factors, nonpecuniary factors, ESG, environmental social governance, social goals

Bills: HF1837, HF361, HF2725, HF2566, HF2744, HF1685, HF501, HF1889, HF1389

Keywords: state policy, employment, health insurance, fossil designation, public funds, community resources, Capitol Mall, grantmaking, community vitality, livability, funding, healthy aging, aging policy, older adults, seniors, elderly, gerontology, long-term care, assisted living, nursing homes

Bills: HF1837, HF361, HF2725, HF2566, HF2744, HF1685, HF501, HF1889, HF1389

Keywords: state policy, employment, health insurance, fossil designation, public funds, community resources, Capitol Mall, grantmaking, community vitality, livability, funding, healthy aging, aging policy, older adults, seniors, elderly, gerontology, long-term care, assisted living, nursing homes

Transcript Highlights:

• Texas is a major annuity market and accounting for approximately 10% of all the US annuity sales totaling
• Annuities provide a stability, provide stability and guaranteed income, especially for elders and retirees
• Current law allows policyholders to transfer their annuity contracts.
• clear and enforceable timeline such that when a policyholder chooses to transfer or surrender the annuity
• agents on what reasonable expectations should look like when a consumer is trying to exchange one annuity

Transcript Highlights:

• KRS 161.605 would be de minimis in nature, we believe there's no actual impact to the retirement annuity
• 00:10:18.760> to<00:10:18.959> the<00:10:19.079> retirement<00:10:19.600> annuity
• actual impact to the retirement annuity actual impact to the retirement annuity trust<00:10:20.399
• change retirement patterns and add cost, because people would be retiring earlier and then be paid out annuity
• might change retirement patterns and add cost, because people would retire earlier and then receive annuity

Keywords: Consideration of HB 73 02:23 Consideration of HB 441 07:24 Consideration of HB 462 18:44, 958, all

Summary: The House State Government Committee met with a quorum and considered three bills. House Bill 73, as amended by committee substitute, added We Lead CS to the list of agencies participating in the Teachers’ Retirement System administrative provisions. The sponsor explained the bill corrects an oversight involving a computer science education service provider established in 2022. A question about fiscal impact was answered with no expected fiscal note or actuarial impact. The committee adopted the substitute and passed HB 73 19-0 with favorable expression. House Bill 441 addressed teacher shortages by expanding the number of retired teachers and critical-shortage-area teachers school districts may hire. The sponsor said districts could hire retired teachers up to 10% of staff and critical shortage area teachers up to 10%, replacing lower current limits and a temporary COVID-era provision that had expired. Members asked about work limits, salary rules, and how often shortage areas are identified; the sponsor said retired teachers remain subject to existing earnings limits, critical shortage teachers are paid at least a rank-two, 10-year salary, and shortage areas are identified annually by the Commissioner of Education. Supportive comments noted the bill was a stopgap and that long-term solutions should include recruitment, retention, and pay. The committee passed HB 441 19-0 with favorable expression. House Bill 462 would allow county clerks to correct marriage applications or licenses by affidavit, without requiring a lawsuit in circuit court, when there are obvious errors or omissions. The Kenton County clerk and another clerk testified that the change would help people who need corrected records for Social Security, Real ID, inheritance, and other legal purposes, while still preserving data needed by Vital Statistics. Members described the bill as a practical efficiency measure. The committee passed HB 462 19-0 with favorable expression, and the meeting then adjourned.

Transcript Highlights:

• This is net of our annuity payments. We pay monthly.
• After I retired in 2002, my annuity was stagnant until this month.
• After I retired in 2002, my annuity was stagnant until this month.
• The last increase to my ERS annuity was a COLA in January of 2002.
• The COLA grants a 3% annuity increase, but it cannot exceed $100.

Summary: The Senate Finance Committee heard budget presentations for the Texas Historical Commission, the Pension Review Board, the Employees Retirement System (ERS), Social Security and benefit replacement pay, the Texas Emergency Services Retirement System (TESSRS), and the Cancer Prevention and Research Institute of Texas (CPRIT). The Legislative Budget Board outlined recommendations and major changes for each agency, including reductions tied to one-time projects at the Historical Commission, continued funding for courthouse grants, heritage trails, and Holocaust/genocide education, as well as new or modified riders and capital items. For the pension-related items, LBB described funding changes for PRB, ERS, Social Security, and TESSRS, including ERS health plan cost growth driven largely by pharmacy costs, the status of pension funding reforms, and TESSRS’s request for additional state support to address its unfunded liability and staffing needs. Members asked extensive questions about the Historical Commission’s one-time funding, unexpended balance authority, courthouse preservation, the Presidio La Bahia and National Museum of the Pacific War projects, and coordination of Texas history messaging across sites such as the Alamo, San Jacinto, Washington on the Brazos, and other heritage locations. The Historical Commission chair emphasized heritage tourism, economic development, and the need for continued investment in historic sites, staffing, IT modernization, and vehicles. On the pension items, senators discussed PRB oversight of local systems, including the Dallas police and fire pension situation, and ERS investment returns, benchmark comparisons, and rising health costs. ERS officials said the plan remains well funded overall, noted a 2021 cash balance reform and a planned supplemental legacy payment, and explained that GLP-1 drugs such as Ozempic and Mounjaro are a major driver of pharmacy spending; they also said the agency is working with the Texas Pharmacy Initiative and that rebates are contractually returned to ERS. For TESSRS, LBB and agency staff said the system serves volunteer and part-paid emergency personnel, is facing an infinite amortization period, and is requesting additional appropriations, staffing, and IT funding, along with a statutory change to allow an actuarially determined state contribution. The agency said it may otherwise need to cut benefits for volunteer firefighters. For CPRIT, LBB reported about $600 million in recommended funding for the biennium and a 10-FTE increase, while the agency described its $6 billion voter-approved program, $3.75 billion in grants awarded to date, and $10.4 million in revenue sharing since 2011. CPRIT’s only exceptional item was a request for a 10% salary increase for two exempt positions. No committee votes or formal actions were taken in the transcript.

Transcript Highlights:

• You know, a 13th check would basically just be, you know, your monthly annuity payment.
• Our monthly annuity payroll is about $260,000. million dollars.
• So if you are going to give everyone who receives a monthly annuity check, just one extra one, a 13th
• Stephen Acola, this past month in January, the last increase to my U.S. annuity was Acola in January.
• But since 1999, inflation has risen in excess of 46%. that means today's annuity is only worth about

Keywords: 1184, house, all

Transcript Highlights:

• receiving an annuity but are reemployed. receiving an annuity but are reemployed.
• Section 6 revises MSRS's annuity application procedures to conform to MSRS's current practices.
• Section 6 revises MSRS's annuity Section 6 revises MSRS's annuity application<00:40:41.960> procedures
• The statute states that a member's retirement annuity must be calculated in accordance with the law in
• must be calculated in retirement annuity must be calculated in accordance<01:03:01.480> with<

Keywords: 918, senate, all

Summary: The commission first approved the minutes and then took up several pension omnibus items. Representative Rapinski’s item, related to an I-RAP issue, was moved ahead of the agenda and passed without further information after members noted the State Board of Investment and Minnesota State had not identified additional facts; the bill, as previously amended, was recommended for inclusion in the 2026 Pension Omnibus Bill. The committee also corrected a procedural issue on Senator Gustafson’s bill, SF 3897/HF 3703, after realizing an amendment referenced earlier belonged to a different bill; the motion was restated without the amendment reference and the bill was then recommended to pass and be incorporated into the omnibus bill. The main policy discussion centered on SF 3897/HF 3703, which would change how terminating firefighter relief association plans value benefits for firefighters under age 50. Senator Gustafson said the current statute can unfairly reduce benefits by requiring present-value discounting and that the bill would instead allow benefits to be based on accrued benefit under the plan formula, while still leaving relief associations flexibility to use present value if they choose. Staff confirmed the bill applies only to relief associations under chapter 424B, not PERA or the statewide plan. Senator Rasmussen raised concerns about consistency between SVF and non-SVF reliefs and about differing treatment on termination; the bill author acknowledged the difference. The committee ultimately voted to recommend the bill for inclusion in the omnibus pension bill. The final major item was House File 4162, as amended by an A1 amendment, which requires employers of reemployed annuitants in TRA to make employer contributions during reemployment, including Minnesota State Colleges and Universities employees covered under section 354.445. Representative O’Driscoll argued the bill would direct existing education-formula pension dollars to TRA, prevent districts from using those funds elsewhere when retirees are rehired, and keep the employee neutral because the annuitant’s benefit would not change. Supporters said the measure would help pension funding and address situations where districts rehire retired teachers, often in hard-to-fill specialties. Opponents, including Senator Rasmusson, questioned the added cost to school districts, citing an estimated $5.385 million in annual TRA revenue from the change and warning it could reduce districts’ ability to hire or retain staff. After discussion, the committee had not yet taken final action on this item in the portion of the meeting provided.

Transcript Highlights:

• , they could pay for those annuities from the pension fund. >> Thank you for that, Representative Nadeau
• Um, there's a list in with an annuity.
• annuity dispersements for those members. annuity dispersements for those members.
• , they could pay for those with annuities, they could pay for those annuities<00:40:40.880> from
• annuities from the pension fund. annuities from the pension fund.

Keywords: 1187, senate, all

Transcript Highlights:

• > uh Bo Barnes explained that the contributions shown on the slides go into the retirement annuity
• He explained that the standard fixed statutory rate employers pay toward the retirement annuity trust
• said they are talking about the standard fixed statutory rate employers pay toward the retirement annuity
• pay uh toward the retirement annuity pay uh toward the retirement annuity trust.<00:18:59.360>
• trust uh to repay it retirement annuity trust uh to repay it back<00:55:00.720> if<00:55:00.960

Keywords: Meeting Start: 00:00:35 Attendance Roll Call: 00:00:55 Approval of Minutes: 00:02:56 Deferred Compensation Authority Update: 00:03:12 Retiree Health Update - TRS: 00:15:58 Retiree Health Update - KPPA: 00:56:13 Adjournment: 01:08:10, 958, all

Summary: The Public Pension Oversight Board met with a quorum, approved the prior minutes, and heard updates from the Kentucky Public Employees Deferred Compensation Authority and the Teachers Retirement System. The deferred compensation update highlighted continued growth in assets to about $4.787 billion and roughly 88,000 participants, strong retention from auto-enrollment, a marketing campaign tied to pay raises that generated additional participation, and a new self-directed brokerage account expected to launch July 1 of the coming year for participants with at least a $40,000 balance, allowing up to 25% of their account to be moved into the brokerage window. The director also described the free financial planning service, which has been used by about 3,500 participants with a high return rate, and said the plan is currently in a fee holiday; if fees are charged, they are capped at $237 per year for most participants. Members asked questions about who provides the CFP service, the fee structure, and the brokerage eligibility threshold. The director said the CFP service is provided through the authority’s service bundle with Nationwide, not as a separate paid service, and explained that the fee cap and current fee holiday are intended to keep the program low-cost. Board members praised the deferred compensation program’s performance and asked for a copy of the legislation referenced in the presentation. TRS then presented on retired teachers’ health insurance. Barnes first clarified how declining federal contributions for federally funded school positions affect the retirement annuity trust, explaining that if those federal dollars fall, the amounts would need to be covered through the SEEK formula and that the projection for those contributions is about $80 million over the next three years. He then reviewed TRS retiree health coverage, distinguishing between KEHP for retirees under 65 or not Medicare-eligible and MEHP for Medicare-eligible retirees, and explained that TRS recently completed RFPs for both prescription drug and medical coverage. TRS will keep Express Scripts for prescription drugs, but will move the Medicare Advantage medical plan from UnitedHealthcare to Humana on January 1, 2026, while keeping the plan design, provider access, and out-of-pocket structure largely unchanged, with a new hearing-aid benefit of $500 per ear. Barnes also reported the 2026 premium and contribution changes: the maximum TRS contribution toward KEHP will rise to $1,144.96 from $930.76, an 18% increase that he said will require roughly $15 million to $16 million more in the state budget, while the MEHP premium will drop to $200 per month from $210. He said the TRS board has statutory authority to set these amounts and that the changes will have mixed actuarial effects, with the KEHP increase being negative overall and the MEHP decrease positive.

Transcript Highlights:

• So historically, a 13th check would basically just be your monthly annuity payment.
• Our monthly annuity payroll is about 260 million.
• So if you were going to give everyone who receives a monthly annuity check just one extra one, a 13th
• But then I retired in Janice Zittleman: 2002 and my annuity was stagnant until January.
• That means today's annuity is only worth about 54% of its 1999 value.

Transcript Highlights:

• These returns are net of our annuity payments. We pay monthly.
• After I retired in 2002, my annuity was stagnant until this month.
• On Friday, there will be a $71.24 net increase in my monthly annuity.
• The last increase to my ERS annuity was a COLA in January of 2002.
• The COLA grants a 3% annuity increase, but it cannot exceed $100.

Bills: SB 1

Keywords: campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards

Summary: The committee heard budget presentations from the Legislative Budget Board and agency officials on several agencies, starting with the Texas Historical Commission. LBB described a large biennial reduction driven mainly by the removal of one-time funding and discussed capital projects, rider changes, and exceptional items including Presidio La Bahia and the National Museum of the Pacific War. Senators asked about heritage trails, courthouse grants, unexpended balance authority, and the status of historical-site funding. Historical Commission leadership emphasized preservation, courthouse restoration, heritage tourism, coordination with the Alamo and other Texas Revolution sites, and requested additional IT, staffing, and vehicle funding. No votes were taken. The committee then reviewed the Pension Review Board and the Employees Retirement System. The Pension Review Board’s budget was largely unchanged aside from IT maintenance and salary adjustments, with an exceptional item for additional IT enhancements. Members discussed the Dallas Police and Fire Pension System’s funding dispute and the need for a workable restoration plan. ERS presented a much larger budget, including funding for the retirement system, the group benefits plan, and the legacy payment intended to reduce unfunded liability. Senators focused heavily on pension investment returns, benchmark comparisons, and rising health-care costs, especially pharmacy spending driven by GLP-1 drugs; ERS said the plan covers about 540,000 lives and that premiums would rise 8% while benefits remain unchanged. ERS also said it had no exceptional items, and committee members requested more detailed benchmark information. The committee also heard from the Texas Emergency Services Retirement System and the Cancer Prevention and Research Institute of Texas. TESSORS reported an unfunded liability, an infinite amortization period, and requested additional state support, staffing, and IT funding, including a statutory change to allow a higher contribution level; the agency warned that without more funding it may have to cut benefits. CEPRIT’s presentation covered its bond-funded cancer research and prevention portfolio, revenue-sharing from funded projects, and a request to increase salary limits for its CEO and chief scientific officer. Senators questioned CEPRIT’s accomplishments and return on investment, while CEPRIT cited screening, prevention, and research outcomes, including tens of thousands of detected cancers and precursors and hundreds of thousands of first-time screenings. The meeting ended after these presentations and questions, with no recorded committee action or vote.

Transcript Highlights:

• This is net of our annuity payments we pay monthly. These returns are.
• After I retired in 2002, my annuity was stagnant until this month.
• On Friday, there will be a $71.24 net increase in my monthly annuity.
• The last increase to my ERS annuity was a COLA in January of 2002.
• The COLA grants a 3% annuity increase, but it cannot exceed $100.

Bills: SB1, SB 1

Keywords: appropriations, budget, state funding, education, healthcare, infrastructure, campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards, 1185, senate, all

Transcript Highlights:

• through the SEEK formula—the standard fixed statutory rate that employers pay toward the retirement annuity
• 18:52.960> toward<00:18:53.200> the<00:18:53.360> retirement<00:18:53.760> annuity
• pay uh toward the retirement annuity pay uh toward the retirement annuity trust.<00:18:55.120>
• General Assembly for doing this, was that they repaid all of that in full and made the retirement annuity
• trust uh to repay it retirement annuity trust uh to repay it back<00:54:56.480> if<00:54:56.720

Keywords: Meeting Start: 00:00:35 Attendance Roll Call: 00:00:55 Approval of Minutes: 00:02:56 Deferred Compensation Authority Update: 00:03:12 Retiree Health Update - TRS: 00:15:58 Retiree Health Update - KPPA: 00:56:13 Adjournment: 01:20:33, 958, all

Summary: The Public Pension Oversight Board received updates from the Kentucky Public Employees Deferred Compensation Authority and the Teachers Retirement System. Chris Biddle reported that deferred compensation assets had grown to about $4.787 billion with roughly 88,000 participants, crediting auto-enrollment, targeted marketing around pay raises, and retiree-focused services. He said the board’s self-directed brokerage account, authorized by last year’s legislation, is being designed around a $40,000 account-balance threshold with up to 25% transferable into the brokerage window, tentatively for July 1 of the coming year. He also described the free financial planning program, which has been used by about 3,300 to 3,500 participants with an 87% return rate, and noted that the plan is currently in a fee holiday; members asked about the fee structure and whether the CFP service is provided through Nationwide, which Biddle confirmed. Board members praised the deferred compensation program’s growth and asked for the legislation referenced by Biddle. He said the plan’s annual fees are capped, with a $1 monthly fee plus other charges up to a $225 cap, for a maximum of $237 per year absent a managed account. He also said the program is seeking unified payroll access to expand participation, especially among teachers, and that prior lineup changes saved about $6 million annually in participant fees. Bo Barnes of TRS then addressed retired teachers’ health insurance, first clarifying a prior question about declining federal contributions to the retirement annuity trust. He explained that federally funded school positions generated contributions that rose from $72 million in 2019 to $109 million in 2022, then fell to $85 million this year, with a projection of $80 million over the next three years; if those dollars do not come from federal sources, they would have to be replaced through the SEEK formula. Barnes then reviewed TRS health coverage, explaining that the statutory contract guarantees access to group coverage but not fixed premium levels, and that TRS administers two retiree plans: KEHP for retirees under 65 or otherwise not Medicare-eligible, and MEHP for retirees 65 and older or Medicare-eligible. Barnes said TRS completed RFPs for the 2026 plan year, retaining Express Scripts for prescription drugs and switching the Medicare Advantage medical provider from UnitedHealthcare to Humana, while keeping plan design, provider access, out-of-pocket costs, and benefits materially unchanged. He noted a modest hearing-aid improvement of $500 per ear beginning in 2026. He also reported that the TRS Board approved the maximum state contribution for KEHP at $1,044.96, up from $930.76, an 18% increase that he said would require about $15 million to $16 million more annually, while the MEHP premium would drop from $210 to $200 per month because of the new contract. Using the 2024 valuation, he said the KEHP increase would slightly reduce the health trust funded ratio from 80.4% to 80.1% and raise unfunded liability from $4.036 billion to $4.051 billion. Barnes closed by reviewing the 2010 shared-responsibility reforms that shifted retiree health costs away from a pay-as-you-go model, including phased employee and district contributions and Commonwealth stabilization funding. No votes were taken beyond approval of the minutes.

Transcript Highlights:

• The biggest increase you'll see with respect to my office is the increase in the annuity, and I think
• That's primarily Chapter 115, which includes the annuity.
• As a result of your tremendous work on the HERO Act, we increased the annuity line item by 25%.
• It's called the annuity.
• It's called the annuity.

Keywords: 995, all

Summary: The hearing opened with remarks from Senate Chair Robyn Kennedy and House Chair Chynah Tyler, who emphasized that the fiscal year 2026 hearing was focused on the Health and Human Services budget, asked members to keep questions budget-related, and noted that no public testimony would be taken. They also highlighted the choice of Doherty Memorial High School as the venue to showcase Worcester’s investment in career and technical education. Committee members then introduced themselves before the first panel, the Executive Office of Veterans Services and the state veterans homes, began testimony. Secretary John Santiago said the governor’s FY26 proposal would support implementation of the HERO Act, which he said is now about 95% implemented, including higher disabled veteran annuities, expanded behavioral health benefits, and other service expansions. He described efforts to reduce veteran homelessness, including nearly $20 million in ARPA-funded housing and outreach initiatives, and said the agency has delivered more than 100,000 supportive services to nearly 8,500 veterans. Leaders from the Chelsea and Holyoke veterans homes reported on staffing, quality measures, electronic medical records, and major construction projects at both facilities, including a new Chelsea campus and the new Holyoke home. Members asked about funding transfers, geographic equity in access to the homes, outreach to women veterans and veterans of color, suicide prevention, Gold Star family support, and the impact of federal uncertainty; Santiago said the homes are now licensed and certified, that the current budget is sufficient, and that the agency is expanding engagement and data collection. The second panel, the Office of the Veteran Advocate, testified that its FY26 request is about $3.3 million, up from the current $2 million, to cover staffing, a larger office, and higher technology costs. Veteran Advocate Bob Notch said the office is a new independent oversight agency created in 2022 to examine systems, coordinate with local veteran service officers, and investigate fatalities or serious harm involving veterans in state care. He said the office’s work depends on research, data, and collaboration with other agencies, and that current funding is only enough for minimum operations. In response to questions, Notch and Deputy Commissioner David O’Callaghan discussed the difficulty of tracking veteran suicides, the need for better data across agencies, and the office’s role as an oversight body rather than a direct service provider. No votes or formal actions were taken during the hearing.

Transcript Highlights:

• or under the health account annuity or under the health account where<00:21:50.960> it<00:21:
• The life companies paid an assessment in 2024 totaling $35 million based on their annuity premiums in
• > tax<00:28:38.640> annuities<00:28:39.120> at<00:28:39.279> all.
• business, we don't tax annuities at all. business, we don't tax annuities at all.
• this assessment was based on annuity this assessment was based on annuity premiums<00:29:57.520>

Keywords: 1189, house, all

Transcript Highlights:

• So, we have to send letters, send requests to banks, pensions, annuities, anything they have, and ask
• Insurance, annuities, those kind of things even longer.
• Insurance, annuities, those kind of things even longer.
• Insurance, annuities, those kind of things even longer.
• Insurance, annuities, those kind of things even longer.

Keywords: Call to Order and Roll Call – 00:00:24 Discussion of The Center for Courageous Kids – 00:02:46 Discussion of Adult Protective Services and State Guardianship Programs – 00:25:22 Discussion of Annual Report of the External Child Fatality and Near Fatality Review Panel – 01:00:34 Consideration of Referred Administrative Regulations – 01:33:41 Adjournment – 01:42:07, 958, all

Summary: The Interim Joint Committee on Families and Children opened its first meeting with roll call and a reminder about the number of children in out-of-home care with active placements, which the chair said was 8,641 as of June 1, 2025. The committee then heard a presentation from the Center for Courageous Kids, a donor-funded camp in Scottville that serves children with lifelong illnesses and disabilities at no charge. Representatives described the camp’s year-round family retreats and summer sessions, its medically safe and inclusive model, and examples of campers gaining confidence and independence. They said the camp has served more than 43,000 campers from Kentucky, other states, and other countries, and that it is seeking legislative support for two capital projects: a new art barn and a medical lodge, with a combined request of $3.2 million. Members praised the program and asked about awareness, staffing, volunteer recruitment, accreditation, and how the projects would expand capacity; the camp said the medical lodge would help increase volunteer housing and allow future growth beyond its current summer cap of 128 campers per session. The committee then moved to adult protective services and state guardianship programs. Jessica Wayne, director of the Division of Guardianship, and Cliff Bryant of DCBS explained the legal framework for guardianship and conservatorship, including state guardianship as a last-resort option when no family member or private entity is available or appropriate. They outlined the court petition process, emergency appointments, and the distinction between full and limited guardianship or conservatorship. They emphasized that guardianship is based on legal incapacity to make decisions, not simply on a medical disability diagnosis, and noted that state guardianship can be arranged for some 17-year-olds aging out of youth services. The presenters said the state currently serves 4,645 individuals under guardianship, with most cases involving developmental intellectual disabilities, supported community living waiver participants, and people in nursing homes or long-term care facilities. They also described the division’s three branches: field services, which handles visits and day-to-day decisions in all 120 counties; a benefits branch that applies for public benefits; and a fiduciary branch that manages funds and pays bills. They reported 89 field workers statewide, an average caseload of 52, and said the agency is hiring to reduce that load. No votes or formal committee actions were taken during the meeting.

Transcript Highlights:

• The combined service annuity approach would require someone who has, say, two retirement annuities to
• begin taking both retirement annuities within 12 months of each other in order to have both annuities
• Which means that if a person started taking an annuity at age 60 in the new plan, the annuity from the
• The mixed service approach would allow a member to start receiving the retirement annuity from the new
• until age 66 and then the annuity would not be reduced.

Keywords: 918, senate, all

Summary: The commission approved the March 17 minutes and then heard testimony on Senate File 4419 / House File 4069, as amended, which would exempt J-1 visa-holding teachers and their school districts from Teachers Retirement Association contribution requirements during the teachers’ exchange term. Senator Pappas and Representative Feist said the bill is intended to help districts fill hard-to-staff special education and other positions by letting J-1 teachers keep more of their pay for immediate relocation costs, while also redirecting employer savings toward onboarding, mentorship, and cultural orientation. They argued the teachers are temporary by design, often cannot stay long enough to benefit from TRA, and that the bill would be roughly neutral for TRA because contributions and matching liability would both be removed. Supportive testimony came from Matthew Connelly of Lattice Global Teachers and Melissa Schaller of Intermediate School District 917. Connelly said J-1 teachers arrive with significant upfront expenses and only a short window to establish themselves, and that the exemption could save them about $4,000 to $5,000 while helping schools afford recruitment and support costs. Schaller said her district has relied on international special education teachers to fill vacancies, that the H-1B option is no longer workable because of a large fee increase, and that J-1 hiring is needed to remain competitive; she noted 17 open special education positions for 2026-27 and no other applicants. Caitlin Snyder of Education Minnesota opposed the bill, arguing it lowers compensation and removes a retirement option without enough input from teachers themselves. She said the bill does not ensure the employer savings would be used for housing or other supports, and urged more direct consultation with J-1 teachers. Several members raised concerns about fairness, pension protection, and whether the bill could create unintended consequences for teachers who later remain in Minnesota. Senator Pappas responded that the circumstances are unusual because J-1 teachers are temporary and often cannot return, and said TRA had indicated the proposal would be neutral or supportive, unlike a separate St. Paul teachers issue. Representative O’Driscoll asked about J-1 teachers in higher education and private schools, and Mr. Connelly said the visa is mainly used in K-12 settings but can also appear in charter and private schools; he also noted many J-1 holders face a two-year home-residence requirement. The chair indicated the bill was slated for inclusion in the omnibus pension bill, but no final vote on the bill itself was taken in the portion of the meeting provided.

Transcript Highlights:

• This bill is all about ensuring timely and efficient processing of annuity contract exchanges and surrenders
• This reduces opportunities for delays or abuse in annuity transactions.
• It also defines an exchange, the tax-free annuity replacement, where ownership and the annuitant remain
• Members, are there any questions about this annuity bill?
• I think he explained it very well, but I am a CEO of one of the largest annuity distributors in the state

Bills: HB106, HB144, HB145, HB252, HB1732, HB2221, HB2467, HB2468, HB2517, HB2518, HB2963, HB3016, HB3689, HB3960, HB4386, HB4490, HB4751, HB5247, HJR175, HB2213, HB106, HB144, HB145, HB252

Keywords: HB 106, oil and gas, Railroad Commission of Texas, overhead electrical lines, electrical distribution system, power line maintenance, administrative penalty, Natural Resources Code, oil and gas lease, well operator, energy safety, utility infrastructure, regulatory compliance, cleanup fund, oil and gas regulation and cleanup fund, production safety, leasehold operations, electric utility, distribution poles, inspection