Transcript Highlights:

• And so paying in for the pensions.
• </c> support of this pensions bill. support of this pensions bill.
• </c><01:14:52.640><c> for</c><01:14:52.800><c> the</c> pensions and to protect pensions for the pensions
• technical,</c> pensions.
• Pensions are super technical, pensions.

Transcript Highlights:

• House Bill 30 is an act relating to pension spiking in the Kentucky Public Pension Authority.
• </c><00:17:56.799><c> oversight</c> serve on the public pension oversight serve on the public pension
• reviewed by the public pension oversight reviewed by the public pension oversight board<00:18:07.200>
• , our second pension conversation today.
• </c><00:20:57.880><c> Authority</c> by the Kentucky public pension Authority by the Kentucky public pension

Summary: The House State Government Committee met with a quorum and first took up HJR 15, as amended by a committee substitute, which would return the granite Ten Commandments monument to permanent display on the new State Capitol grounds. Representative Baker described the monument’s history, its removal during construction in the 1980s, the 2000 effort to restore it, and recent Supreme Court changes that he said make the historical-tradition analysis more relevant than the former Lemon test. Members asked about the monument’s location, possible amendments to allow other faiths to place similar monuments, and church-state concerns. Several members explained their votes by saying they supported the historical display but wanted further discussion about religious representation. The resolution passed the committee 16-1 with two pass votes and was reported favorably to the House floor. The committee then considered House Bill 30, sponsored by Representative Blanton, which addresses pension spiking in the Kentucky Public Pension Authority. Blanton said the bill codifies a court ruling clarifying that across-the-board pay raises are not pension spiking and noted support from fire, police, and state employees. Representative Tipton reminded members that pension bills should be reviewed by the Public Pension Oversight Board first and said this bill had been reviewed there without issue. The committee approved HB 30 unanimously, 20-0, with favorable expression. House Bill 71, sponsored by Representative Duval, was next. KPPA Executive Director Ryan Barrow said the bill was requested by KPPA, vetted by the Public Pension Oversight Board, and would restructure KPPA by creating an Office of Financial Management and moving the current CFO into an executive director-level role overseeing that office, without affecting system funding requirements. Representative Johnson supported the measure as an administrative codification of current practice. The committee passed HB 71 unanimously, 20-0, with favorable expression. Finally, the committee heard House Bill 182 from Representative Frasier Gordon, which would prohibit state government from using the word “free” to describe taxpayer-funded services. Gordon said the bill is intended to increase transparency and ensure taxpayers are credited for funding public services, while not changing any programs or benefits. Members questioned how the bill would be enforced, what alternative wording should be used, and whether the restriction could affect communication with low-income or low-literacy residents; Gordon said terms like “provided at no cost” or “paid for by taxpayers” would be acceptable and that the bill contains no penalty. The committee passed HB 182 17-3 with favorable expression and sent it to the House floor.

Transcript Highlights:

• Chair, are things that the pension commission has already supported.
• </c> provision to pass in the pension provision to pass in the pension commission,<00:10:13.120><c> it
• That could fund something like teacher pension reform.
• </c> something like teacher pension reform. something like teacher pension reform.
• </c> maybe chip in for our teacher pensions. maybe chip in for our teacher pensions.

Committee: Senate State and Local Government

Transcript Highlights:

• bill 44 24233 are reported Madam Chair, Assembly Bill 5330 permits the Director of the Division of Pensions
• Those exclusions do not begin to address the fundamental legal problems with this proposal.
• I appreciate the part-time exclusion for part-time, seasonal, and temporary disability, but I'm concerned
• won't be able to highlight everything in there, but we do see some positive investments made into the pension

Summary: The Assembly Budget Committee met on June 28, 2026 and considered a long list of budget and policy bills, reporting many of them out of committee, often with amendments. Early measures included AB 2550 on continued dependent health coverage for certain adults with disabilities, AB 4794 allowing tax data sharing with the New Jersey Innovation Authority and Secure Choice Savings Board, and AB 3381/SB 1493 updating occupational therapy licensure requirements. The committee also advanced AB 4014, creating a social media research center at a public four-year institution, though one member opposed it as unnecessary spending given existing research on social media harms. Another bill, AB 5048/SB 1281, would ban certain apparel and diaper products with intentionally added PFAS; some members opposed it over safety and cost concerns, especially for firefighter gear, but it was reported. The committee also moved AB 383, which promotes volunteerism to help FamilyCare and SNAP recipients meet eligibility requirements, and AB 4357, extending telehealth pay parity, though one member objected to parity between telehealth and in-person care. The committee then took up several energy, environmental, and housing-related bills. AB 5188, the Advanced Grid Technologies Act, was released despite opposition from some members and labor interests. AB 2524 would let dual-use solar projects participate in community solar, and AB 5236 would strengthen pediatric psychiatry and behavioral health services; both were reported. AB 5348, allowing temporary use of open-space and related funds for certain municipalities, drew sharp criticism as a diversion of preservation money to fill budget holes, but passed. AB 5280 returned unexpended county appropriations to Hudson County and authorized supplemental operating aid; it also passed despite objections about prior bidding violations. AB 5347 provided certain motor vehicle-related funding to municipalities and was reported, as was AB 5334/SB 4423, appropriating Green Acres and CBT revenues for local open space and park projects. A major portion of the meeting focused on tax and business-related bills. AB 5329 increased the child tax credit for 2026-2028, with testimony urging that the expansion be made permanent; it was reported. AB 3899, the General Contractor Licensing Act, also passed. AB 5310/SB 4406 clarified sentencing under certain circumstances and was reported. AB 5330, allowing temporary transfers in the pension system, drew testimony from NJEA warning that the State Health Benefits Program was in crisis and asking for a longer repayment period to avoid rate spikes; the bill was still reported. AB 1326 created a higher education governance and funding task force and was amended to add a Talmudic institution or theological seminary representative. Later, AB 5333/SB 4424 appropriated additional Green Acres and CBT funds for recreation and conservation projects and was reported. The committee also advanced several business and alcohol-related measures, including AB 5235 establishing the School-Based Partnership for Access and Resilience for Kids program, AB 5325 reducing business formation fees, AB 4836/SB 2368 on portable solar devices, AB 4881 establishing an advanced nuclear energy procurement program, AB 3974/SB 3183 revising renewable energy incentive and solar interconnection rules, AB 4013 creating a social media research center focused on addictive behavior, AB 5225 making temporary alcohol beverage provisions permanent, and AB 5295 revising alcoholic beverage licensing laws. The most contentious debate came on AB 4085, the Fair Price Protection Act, which would restrict “surveillance pricing” and regulate grocery pricing practices. Consumer advocates supported the bill as a protection against individualized pricing, while retailers and chambers of commerce argued the language was too broad and could undermine loyalty programs, discounts, and electronic shelf labels. Despite those objections, the committee voted to report the bill after amendments. Finally, AB 4530/SB 3739 on EV supply equipment standards was reported, and AB 5322 imposing a temporary cap on net operating loss deductions under the corporate business tax sparked strong opposition from business groups and a policy debate over whether legitimate losses and investment-related deductions should be limited; the bill was still moved out of committee.

Transcript Highlights:

• So it wouldn't pertain directly and exclusively to the Colorado River, but I'm not going to say that
• contributions to a Roth individual retirement account, a deduction of up to $6,000 for distributions from a pension

Summary: House Republican caucus met on April 29 to review the FY 2027 budget package and several related “budget implementation” bills, with Chairman Livingston noting that HB 2415 was being held. Staff and members walked through HB 4138, the General Appropriations Act (“feed bill”), which appropriates about $17.96 billion from the general fund and includes one-time fund transfers, 5% lump-sum reductions for most agencies, funding for the state health insurance plan, school facilities, child care, correctional officer stipends, public safety, and other prior-year items. Members emphasized that the budget reflected House and Senate negotiations after the governor left budget talks, and Republican leaders framed it as a package that lowers taxes, shrinks government, and funds priorities such as K-12, child care, foster care, and public safety. The caucus then reviewed a series of mostly standard budget bills: HB 4139 on gaming/racing assessments; HB 4140 on federal monies, the budget stabilization fund, and ACE initiative savings reporting; HB 4141 on capital outlay, highway construction, airport funding, and rural transportation match funds; HB 4142 on commerce and lottery distributions; HB 4143 on corrections reporting; HB 4144 on environmental provisions and water-related fund uses; HB 4145 on state employee health insurance premiums and DES reforms; HB 4146 on higher education funding provisions; HB 4147 on SNAP administration and error-rate reduction; HB 4148 on K-12 inflation adjustments, school facilities, and ASDB property-sale oversight; HB 4150 on county expenditure flexibility and state office rent rates; HB 4151 on the Department of Revenue’s integrated tax system funding and related charges; HB 4152 on tax conformity, deductions, and repeal of several renewable-energy tax preferences and the Rio Nuevo diversion; and HB 4153 on transportation reporting. Discussion repeatedly centered on health plan solvency, SNAP/ACCESS eligibility and fraud controls, school funding, rural transportation, and tax conformity and relief. The caucus also took up several blue-sheet bills: HB 2035 on extended-family placement notifications in child welfare cases; HB 2170 restricting certain PRC-controlled companies from state IT contracts; HB 2249 expanding Parents’ Bill of Rights provisions; HB 2573 on DUI interlock/restricted-license rules and psychotherapy definitions; and HB 2873, which was amended to allow withdrawal of referendum petitions before ballot qualification. HB 2415 was held. The Speaker closed by praising the caucus for its budget work, saying the package delivers tax relief, protects vulnerable populations and public safety, and reflects months of Republican negotiations, and the meeting adjourned to the floor.

Transcript Highlights:

• Exclusively, I think so. There should be plenty of graduates, I would think that would make sense.
• It will add two full-time employees for approximately $300,000 for salary, benefits, and pension.

Committee: House Higher Education and Workforce Development

Summary: The committee first heard House Bill 2896, sponsored by Rep. Brown, which would change how boards of governors for state universities are selected. Brown said the bill, developed with input from the governor’s office, would simplify appointment rules by removing service-area and congressional-district requirements and instead limiting board membership so no more than half of the voting members come from the county where the institution is located, with a St. Louis exception. Members asked about Missouri residency requirements, the effect on Missouri State University and Southeast Missouri State University, and whether university presidents would recommend candidates to the governor. Brown said he would follow up on questions and was open to discussing possible adjustments, especially regarding geographic representation. One witness spoke in favor, arguing that boards should reflect a cross-section of the state. No opposition was presented, and the hearing on HB 2896 was closed. The committee then took up House Bill 1659, the Missouri Defense and Energy Independence Act, sponsored by Rep. Steinmeyer. The bill would create a grant program to help Missouri manufacturers convert facilities to produce strategic materials tied to national defense and energy resilience. Steinmeyer described it as a private-capital-first program requiring at least $500,000 in private investment, with grants capped at $1 million per project per year, subject to appropriation, annual reporting, and repayment provisions if projects fail. He said the bill is intended to attract investment, create jobs, and strengthen supply chains while keeping taxpayer risk limited. Members raised concerns about environmental and public safety risks, the bill’s placement in the higher education committee, whether it should instead be funded federally, and whether the program would mainly benefit large companies rather than small businesses. Questions also focused on the bill’s workforce-development component, the lack of detail on training and public-health protections, and the budget impact of creating a dedicated fund that would retain money and interest rather than sweep it to general revenue. Steinmeyer said the bill is meant to support existing Missouri companies or companies establishing headquarters in Missouri, and that universities had been involved in discussions about workforce needs. A representative from the API Innovation Center testified in favor, saying the bill could help develop key starting materials for pharmaceuticals and support reshoring. One witness testified in opposition, arguing the state should not subsidize private industry and warning about fiscal strain and environmental oversight. No vote was taken, and the hearing concluded without further action.

Transcript Highlights:

• Yeah, exclusively. I think so. There should be plenty of graduates.
• It will add two full-time employees for over approximately $300,000 for salary, benefits, and pension

Committee: House Higher Education and Workforce Development

Transcript Highlights:

• restrain and impair that constitutional right to keep and bear a firearm, the exception here, the exclusion

Bills: HB1160 , HB1289 , HB1339 , HB1798 , HB1002 , HB1065 , HB1155 , HB1916 , HB2264 , HB1078 , HB1687 , HB1701 , HB1717 , HB1795 , HB1859 , HB2088 , HB2091 , HB2107 , HB2109 , HB2110 , HB2113 , HB2124 , HB2125 , HB2133 , HB2134 , HB2140 , HB2151 , HB2152 , HB2155 , HB2165 , HB2185 , HB2191 , HB2205 , HB2211 , HB2219 , HB2228 , HB2229 , HB2230 , HB2235 , HB2238 , HB2242 , HB2245 , HB2249 , HB2253 , HB2254 , HB2269 , HB2272 , HB2283 , HB2304 , HB2317 , HB2340 , HB2343 , HB2385 , HB2406 , HB2417 , HB2426 , HB2445 , HB2452 , HB2472 , HB2492 , HB2501 , HB2531 , HB2574 , HB2606 , HB2664

Keywords: design review, local government, land use, zoning, project permits, housing density, middle housing, affordable housing, parking minimums, single-family zoning, infill development, growth management, comprehensive plan, permit streamlining, objective development regulations, architectural review, administrative review, transit-oriented development, accessory dwelling units, ADU

Summary: The House considered and passed a series of bills on topics including public employee bargaining communication, condominium and middle-housing development, building code changes for scissor stairs, substance use disorder monitoring for nursing assistants, pet insurance continuity, liquor licensing flexibility, voter registration challenges, concealed pistol license records exemptions, social housing public development authorities, services for people with developmental disabilities, rent increase notices, and unlawful detainer notices. Members repeatedly described the housing bills as efforts to increase supply, improve affordability, and fix prior statutory problems, while the health-related bills were framed as improving patient comfort, provider flexibility, or workforce consistency. Several measures were advanced without amendment, while others were substituted with committee recommendations before final passage. The most debated item was Engrossed Substitute House Bill 1916 on voter registration challenges. Supporters said it would curb mass or frivolous challenges, protect voters, and give election officials clearer standards and more accountability. Opponents argued it would make legitimate voter challenges harder, reduce citizen oversight of voter rolls, and weaken election integrity. Multiple amendments were offered to reduce penalties from felony to gross misdemeanor, allow electronic challenges, remove county-residency limits, and strike sections of the bill; most were rejected, though one amendment removing the same-county requirement was adopted. The bill ultimately passed after a divided vote. Other notable debate included House Bill 2152, which would allow terminally ill patients in hospitals and similar facilities to use medical cannabis; supporters emphasized dignity and comfort at end of life, while one opponent worried about added burdens on rural hospitals. House Bill 2235, concerning Public Records Act exemptions tied to concealed pistol license records and a permit-to-purchase framework, passed with strong support. House Bill 1687 on social housing public development authorities passed after an amendment restored city council involvement in housing cooperation decisions, while House Bill 2249, relating to Washington Technical employees and civil service treatment, passed with a larger number of nays. The House then placed additional bills on second reading and adjourned until the next legislative day.

Bills: HB1160 , HB1289 , HB1339 , HB1798 , HB1002 , HB1065 , HB1155 , HB1916 , HB2264 , HB1078 , HB1687 , HB1701 , HB1717 , HB1795 , HB1859 , HB2088 , HB2091 , HB2107 , HB2109 , HB2110 , HB2113 , HB2124 , HB2125 , HB2133 , HB2134 , HB2140 , HB2151 , HB2152 , HB2155 , HB2165 , HB2185 , HB2191 , HB2205 , HB2211 , HB2219 , HB2228 , HB2229 , HB2230 , HB2235 , HB2238 , HB2242 , HB2245 , HB2249 , HB2253 , HB2254 , HB2269 , HB2272 , HB2283 , HB2304 , HB2317 , HB2340 , HB2343 , HB2385 , HB2406 , HB2417 , HB2426 , HB2445 , HB2452 , HB2472 , HB2492 , HB2501 , HB2531 , HB2574 , HB2606 , HB2664

Keywords: design review, local government, land use, zoning, project permits, housing density, middle housing, affordable housing, parking minimums, single-family zoning, infill development, growth management, comprehensive plan, permit streamlining, objective development regulations, architectural review, administrative review, transit-oriented development, accessory dwelling units, ADU

Summary: The House convened, established a quorum, recited the Pledge of Allegiance, and heard a prayer. Members approved the prior day’s minutes, referred introduction-sheet bills, and later took up several second- and third-reading bills. Early in the day, the chamber also announced that members could wear Seahawks apparel during floor action the next day. The House passed House Bill 1155, which bans non-compete agreements, after adopting amendments clarifying tribal worker relationships, replacing references to “customer” with “patient” in certain contexts, and requiring notice to current and some former employees that non-competes are void. An amendment to exempt senior executives earning over $350,000 was rejected. The bill passed 65-29. The House also passed House Bill 1002, allowing certain coroners and medical examiners to seek workers’ compensation for PTSD; an amendment to isolate costs to their own risk class was rejected, and the bill passed 70-24. House Bill 2264, clarifying unemployment insurance eligibility for workers who voluntarily participate in layoffs, passed unanimously 94-0. Later measures included House Bill 2110, allowing nurses to accompany inter-facility ambulance transports without also holding EMT licenses, which passed 94-0 after an amendment clarifying training; House Bill 2272, a technical update to ski equipment terminology, which passed 94-0; House Bill 2238, creating a statewide food security strategy, which passed 83-12 after a technical amendment narrowing agency scope; and House Bill 2445, aimed at preventing profiteering in probate estates, which passed 67-28 after a technical amendment. The House also passed House Bill 2109 on securing vehicle loads (95-0), House Bill 2492 requiring behavioral and mental health training for construction workers and apprentices (79-16), House Bill 2472 on licensed contractors for fire sprinkler work (92-3), House Bill 288 joining the dietician licensure compact (93-1), and House Bill 2229 updating the Professional Engineers Registration Act and requiring five years of Washington practice for board members after an amendment (68-26).

Bills: HB1160 , HB1289 , HB1339 , HB1798 , HB1002 , HB1065 , HB1155 , HB1916 , HB2264 , HB1078 , HB1687 , HB1701 , HB1717 , HB1795 , HB1859 , HB2088 , HB2091 , HB2107 , HB2109 , HB2110 , HB2113 , HB2124 , HB2125 , HB2133 , HB2134 , HB2140 , HB2151 , HB2152 , HB2155 , HB2165 , HB2185 , HB2191 , HB2205 , HB2211 , HB2219 , HB2228 , HB2229 , HB2230 , HB2235 , HB2238 , HB2242 , HB2245 , HB2249 , HB2253 , HB2254 , HB2269 , HB2272 , HB2283 , HB2304 , HB2317 , HB2340 , HB2343 , HB2385 , HB2406 , HB2417 , HB2426 , HB2445 , HB2452 , HB2472 , HB2492 , HB2501 , HB2531 , HB2574 , HB2606 , HB2664

Keywords: design review, local government, land use, zoning, project permits, housing density, middle housing, affordable housing, parking minimums, single-family zoning, infill development, growth management, comprehensive plan, permit streamlining, objective development regulations, architectural review, administrative review, transit-oriented development, accessory dwelling units, ADU

Transcript Highlights:

• The bill does not restructure pension governance. It does not override fiduciary authority.
• When I say ours, I mean the public pension system.
• None of that cuts into the discretion of a pension board by any legal definition or otherwise.
• These workers earn their pensions.
• We felt to do our due diligence on behalf of workers who were investing in the pension.

Summary: The committee heard SB 921, which would create a tax credit to help agricultural employers offset overtime wage costs for farmworkers. Senator Grove and supporters, including farmworkers, the California Farm Bureau, Western Growers, and other agricultural groups, argued that California’s ag overtime law has reduced take-home pay by limiting hours and that the credit would help employers continue offering overtime while putting more money back into workers’ paychecks. Opponents, including the California Federation of Labor Unions and CRLA Foundation, argued the bill would subsidize employers for complying with the law, shift costs to taxpayers, and set a precedent for industry-specific carve-outs. The bill was held in subcommittee and taken up later when more members arrived. The committee then considered SB 1083, a follow-up to last year’s school employee misconduct database law. Senator Perez said the bill would add due process protections for classified school employees by requiring an administrative law judge review before placement in the statewide egregious misconduct database, require notice when an employee leaves during an investigation, and extend vetting to some contractors and non-permanent workers. Supporters, including the California School Employees Association and California Federation of Teachers, said the bill balances student safety with fairness for employees who could be wrongly accused. Opponents, including school business officials, joint powers authorities, administrators, and school employers, warned the bill could delay investigations, create conflicting timelines, and weaken child-safety protections. The committee approved SB 1083 on a 3-0 vote and sent it to Appropriations. SB 1089, authored by Senator Richardson, would require CalPERS health plans to cover GLP-1 medications for chronic weight management and direct CalRx to help make the drugs more affordable. The senator described the bill as a response to personal experience with coverage denials and high out-of-pocket costs, and said broader access could improve health outcomes and reduce long-term costs. The American Diabetes Association and other medical groups supported the measure, citing diabetes prevention and treatment benefits, while a pharmaceutical industry representative said there were still concerns but noted ongoing discussions. The committee passed SB 1089 4-0 to Appropriations. The committee also approved the consent calendar. The committee next heard SB 954, which would revise last year’s CEQA exemption for advanced manufacturing by narrowing the definition and adding environmental, tribal, labor, and community protections, including prevailing wage, skilled-and-trained workforce requirements, and review for projects near disadvantaged communities. Support came from labor unions, environmental groups, and community organizations, which said the bill would restore oversight and prevent harmful projects from bypassing CEQA. Business groups and chambers of commerce opposed, arguing the bill would make the exemption too restrictive, discourage investment, and worsen California’s manufacturing job losses. The bill passed 3-1 to Appropriations. Finally, the committee began hearing SB 1299, which would codify training and certification standards for fire sprinkler fitters after a court decision invalidated prior regulations on procedural grounds; the author and supporters said the bill is needed to protect public safety and ensure qualified installation of fire suppression systems.

Transcript Highlights:

• and teacher pensions.
• </c><00:09:59.760><c> You</c><00:09:59.840><c> know,</c> pensions and teacher pensions.
• You know, pensions and teacher pensions.
• pensions lowering the to teachers pensions lowering the retirement<00:10:15.480><c> age</c><00:10:16.040
• ><00:10:24.320><c> equal</c> remember that strong pensions equal remember that strong pensions equal

Transcript Highlights:

• That they want to purchase into their pension.
• Ponder said, having some pension review board like Texas' pension review, or a number of examples.
• I didn't know all there was to know about pensions in 2016, 2017.
• but a pension board seems like a logical idea.
• And finally, it sounds like we should have a pension board.

Summary: The committee first heard Senate Bill 1630, which would direct AHCCCS to seek federal approval for a home- and community-based services program for adults determined to be seriously mentally ill, with quarterly implementation updates, a stakeholder work group, and a cap on enrollment. The sponsor and advocates from Arizona Mad Moms argued the bill would create a Medicaid-funded long-term care option for the most disabled SMI patients, reduce costly hospital and state-only care, and improve continuity of care. A committee amendment narrowed eligibility to individuals needing a long-term SMI level of care, changed reporting to semiannual, reduced the initial cap to 250 members with possible growth tied to savings, and required AHCCCS to keep pursuing approval if CMS denies it. The amendment was adopted, and SB 1630 as amended passed 10-0. The committee then considered Senate Bill 1131, which originally required every school district and charter school to adopt a cardiac emergency response plan and appropriated $1 million for implementation. A Warner amendment replaced the mandate with a reporting requirement on AED counts, CPR/AED-trained staff, and whether a plan exists, while shifting the appropriation toward AED grants and limiting school spending to purchasing and maintaining AEDs. The American Heart Association supported the amendment as a way to gather baseline data and target resources, while some members questioned the funding split and the rural-school priority. The amendment was adopted, and SB 1131 as amended passed 9-1. Next, the committee took up Senate Bill 1582, dealing with the school safety interoperability fund. The amendment changed the appropriation from ADE to ADOA and allocated funds to specific county sheriff’s offices to continue existing interoperable communication systems linking schools and first responders; supporters said the systems had been used in drills and some real incidents, and were important for school safety. One member raised concerns about the auditor general’s report and whether the program should continue, but sheriffs and school officials described it as a useful communication tool. The amendment was adopted, and SB 1582 as amended passed 6-4. Finally, the committee began hearing Senate Bill 1504, which would change retirement rules for Tier 2 and Tier 3 public safety personnel and reduce the waiting period for cost-of-living adjustments. The sponsor, police and fire representatives, and pension consultants argued the bill would improve recruitment and retention and align benefits more closely with what employees were promised, while cities, counties, and taxpayer groups warned it would add substantial unfunded liabilities and undermine the 2016 pension reforms. The committee spent extensive time on actuarial costs, funding status, and the effect of the amendment exempting the bill from statutory pre-funding requirements; the transcript ends during that discussion before a final vote on SB 1504 is shown.

Transcript Highlights:

• </c><00:13:41.200><c> Senator</c> pension omnibus bill. Senator pension omnibus bill.
• </c> 255437 be adopted into the pension 255437 be adopted into the pension omnibus<00:13:48.399><c> bill
• </c> Commission on Pensions and Retirement. Commission on Pensions and Retirement.
• Two in the category of pension pension pension funding.<01:30:56.159><c> First,</c><01:30:56.480><c>
• </c> earning my full pension, it's a problem. earning my full pension, it's a problem.

Transcript Highlights:

• House Bill 33 by Representative Wiley amends RS 11:2178.1 relative to the Sheriff's Pension and Relief
• It won't take long about the sheriff's and deputy's pension plan.
• The sheriff's and deputies pension plan.
• And to my right is our long-serving executive director of our sheriff and deputy's pension plan, Skip
• Greg, current actuary for the Sheriff's Pension and Relief Fund.

Committee: House Retirement

Transcript Highlights:

• I guess it's time for us to open the meeting of the Executive Committee of the State Committee on Pension
• You know, she's raising a big issue here that has been part of the pension system for many years.
• Well, if you remember, we have two different pension COLA bills. Yes.
• Well, if you remember, we have two different pension. Yes. One pension COLA bills. Yes.
• But it is a really important tool in how we manage our pension systems.

Committee: Joint Select Committee on Pension Policy

Summary: The Executive Committee of the State Committee on Pension Policy approved the June minutes and received updates from staff and counsel. The attorney reported on two class action matters: the Fowler/Probst Fowler teacher interest case, where a court ordered the state to pay $118 million and the state has appealed and sought a stay, and the Dawson case challenging last year’s HB 2034 related to the LEOFF 1 plan, where the complaint was amended and the state plans to move to dismiss. The actuary also provided a brief update on asset smoothing and offered to provide additional education on the topic. The committee then focused on interim work planning and the September agenda. Members discussed an ad hoc COLA for PERS and TRS Plan 1 retirees, with staff explaining options for making a COLA part of the base budget or otherwise structuring it. The committee agreed to move forward with a bill for a Plan 1 ad hoc COLA and to have it considered in October, with a request for fiscal analysis. The committee also heard from a Washington State Patrol Troopers Association representative about survivor medical benefits, and staff said a cost estimate could be prepared for October if the proposal included retroactive coverage. For September, the committee set the agenda to include PERS eligibility for animal control officers, a LEOFF 1 medical study update with possible action, and the Plan 1 ad hoc COLA item. Staff said the work plan would also add the ongoing Plan 1 COLA and survivor medical topics to October, along with preliminary 2027 meeting dates. The meeting ended with informal approval of the September agenda and adjournment.

Transcript Highlights:

• Money's got to be there for that pension fund.
• So we talk about any kind of impact on any kind of pension funding.
• No impact at all on any pension fund whatsoever.
• So it does affect the pension plan.
• So it does affect the pension plan.

Committee: House Special Committee on Intergovernmental Affairs

Transcript Highlights:

• The complaint does claim that the pension board's study of the medical benefit liability study should
• , as a deduction from future pension payments.
• her pension was that effectively constructive payment of her share of the attorney's fees?
• It's just that those who have the larger pensions don't get more help than those with the smaller pensions
• And so I'm just... ...don't get more help than those with the smaller pensions. And so I'm just...

Committee: Joint Select Committee on Pension Policy

Summary: The Executive Committee approved the April minutes by roll call vote, with members present voting aye and the minutes adopted. The committee then received an Attorney General update on several pension-related cases. Counsel discussed the newly filed Dawson class action, which seeks to invalidate Gross Second Substitute House Bill 2034 on federal and state constitutional grounds; she said the pleadings were unclear, the committee’s involvement was uncertain, and the case would need monitoring. She also reported that the Dolan case appears concluded after the Court of Appeals upheld the trial court’s ruling on constructive payment of attorney fees, and that the Fowler case remains pending after an oral ruling for plaintiffs on retroactive interest and possible disgorgement of state gains, with a written ruling still awaited. The actuarial update said June would include the preliminary 2025 valuation results and contribution-rate discussion, along with commentary on the demographic experience study, and staff noted actuarial resources were limited for additional items until later in the summer or fall. The committee then discussed the interim work plan and correspondence, including letters supporting a Plan 1 COLA recommendation, retiree organization comments, and a request from Senator Robinson to study whether certain animal control technicians should be included in PERS. Members emphasized the need to keep working on an ad hoc COLA for Plan 1 retirees while also exploring a longer-term COLA mechanism, including possible budget proviso language to require COLA consideration each budget cycle. Staff also explained changes to correspondence handling: materials will no longer be posted publicly on the website, but will still be available through public records requests and distributed securely to members by email or form submission. The committee agreed to add a June briefing on the PERS animal control technician issue and an introductory discussion of Plan 3, and to bring back COLA proposals in July for further executive committee review. The agenda was approved as amended, and the meeting adjourned.

Transcript Highlights:

• The median pension for our folks is just over $1,800 per month.
• Chairman, Representative Vincent, that's an example of someone earning a pension and the average pension
• So in essence, what retirees are living on is their basic pension.
• And that's part of the problem is that... ...their basic pension.
• What would be the system modifications to the pension administration?

Bills: HB40 , HB100 , HJR1 , SB64 , SB19 , SB44 , SB83

Committee: House House Education

Keywords: educational retirement, annuity adjustments, cost of living, non-compounding payments, retirement benefits, STEM funding, education, innovation, public education, New Mexico, nominating committees, boards of regents, student representation, political party registration, New Mexico constitution, special education, office of special education, deputy secretary, public education department, IEP

Transcript Highlights:

• The towns that participate in VSERS pay for the employer share of the pension costs of their members,
• shifting them into Group G will not have any significant impact on the actuarial assumptions of the pension
• Unlike general obligation bonds, with these revenue bonds, the bondholders are paid solely and exclusively
• from</c><02:09:55.920><c> the</c><02:09:56.040><c> special</c><02:09:56.520><c> assessments</c> exclusively
• from the special assessments exclusively from the special assessments levied<02:09:58.320><c> on</c>