Transcript Highlights:

• Wiping out these funds violates the intent of the ACA statute and diverges from how these funds have
• So funding, aftercare funding. Also, this bill is very one-sided.
• So funding. those women. And how is it going to work? So funding, after care funding.
• It's just poorly funded.
• It's just poorly funded.

Bills: SB6258 , SB6182 , SB5947 , SJR8206 , SB5823 , SB6292

Committee: Senate Health & Long-Term Care

Keywords: Washington Medical Commission, medical license, license relinquishment, voluntary surrender, nondisciplinary pathway, physician regulation, health professional licensing, disciplinary database, National Practitioner Data Bank, license renewal, license reinstatement, medical board, professional discipline, credential surrender, healthcare regulation, abortion, reproductive health, pregnancy termination, clinic access, abortion access fund

Transcript Highlights:

• These funds must be used for supporting the costs of the board.
• These funds must be used for supporting the costs of the board.
• This program is going to cost the workers' comp program because it's coming out of the 60 and 8 fund.
• you have to pay for childcare and things like that, I just... do you think that the loss of those funds

Bills: HB2513 , HB2524 , HB2611

Committee: House Labor & Workplace Standards

Keywords: plumbing contractor, plumber, license suspension, credential suspension, administrative penalty, infractions, repeat violator, consumer protection, residential plumbing, construction licensing, Washington Department of Labor and Industries, advisory board of plumbers, plumbing certificate fund, code enforcement, professional licensing, trade regulation, security, regulation, employment standards, security guards

Transcript Highlights:

• The revenue is currently deposited into the state general fund.
• awarded for airport projects and the estimated amount of funds returned to the general fund, accounting
• of $16 million in federal grant funds over the past decade.
• Aren't MTCA funds supposed to go for toxic cleanup?
• If you combine these funds with the potential funding stream—state, federal, and local—you'd have a pool

Bills: SB5989 , SB5898 , SB6240 , SB6244 , SB6231 , SB6228 , SB6220

Committee: Senate Ways & Means

Keywords: aircraft fuel tax, tax revenue distribution, aviation funding, transportation, state revenue, aeronautics, taxation, aircraft fuel, state funding, aviation fuel, hazardous substance tax, air quality, noise mitigation, environmental impact, tax exemption, agriculture, hazardous substances, crop protection, warehousing, data center

Transcript Highlights:

• fund two additional projects.
• fund two additional projects.
• Fund.
• been funded this biennium.
• $288 million is funded?

Bills: HB2295

Committee: House Capital Budget

Keywords: Washington capital budget, supplemental capital budget, capital appropriations, state building construction account, taxable building construction account, climate commitment account, natural climate solutions, housing trust fund, affordable housing, supportive housing, homelessness, manufactured home communities, mobile home parks, school construction, school modernization, school seismic safety, healthy schools, school electrification, SCAP, behavioral health facilities

Transcript Highlights:

• </c> million in secure rural school funding million in secure rural school funding for<00:42:32.400><
• Argentinian hedge funds.
• Argentinian hedge funds.
• Argentinian hedge funds.
• Argentinian hedge funds.

Bills: HCR64 , HCR61 , HB3632 , HB4371 , HR951

Keywords: military intervention, Venezuela, Congress, War Powers Resolution, hostilities, military action, foreign policy, terrorism, congressional authority, power plant, electricity generation, retirement notice, Federal Power Act, interstate transmission, trafficking, children, unaccompanied minors, placement regulations, immigration law, safety

Bills: HB441 , HB445 , HB477 , HB441 , HB445

Committee: House Health

Keywords: speech-language pathology, licensure, clinical supervision, educational qualifications, healthcare assistant, hemp-derived cannabinoids, CBD, THC, delta-8, delta-9, delta-10, consumable hemp products, psychoactive cannabinoids, cannabinoid regulation, hemp licensing, ABC Board, Alcoholic Beverage Control Board, retail hemp sales, wholesale hemp distribution, hemp tax

Transcript Highlights:

• anything that facilitates processor, anything that facilitates processor, anything that facilitates funds
• that originate from a bank or funds that originate from a bank or funds that originate from a bank or
• next year as they come in um to funds next year as they come in um to funds next year as they come in
• be more than doctors of course could be more than doctors of course that would be made out of this fund
• for that would be made out of this fund for that would be made out of this fund for nonPHIP employees

Bills: SB199 , HB142 , SB86 , HB152 , HB297 , SB1 , SB1

Committee: House Ways and Means Education

Keywords: parental leave, state employees, local education agencies, adoption, work-life balance, family support, portable benefits, portable benefit account, independent contractor, gig worker, 1099 worker, freelancer, app-based worker, rideshare, delivery driver, worker benefits, health insurance, retirement benefits, life insurance, income replacement insurance

Transcript Highlights:

• </c> one-time emergency food shelf funding. one-time emergency food shelf funding.
• Funding which would be used nations.
• ><00:52:17.280><c> outsized</c><00:52:17.920><c> benefit</c> funding would have an outsized benefit funding
• 52.400><c> support</c> Having additional funding would support Having additional funding would support
• ,</c> program, which you get federal funds, program, which you get federal funds, then<01:09:59.840><

Bills: HF2078 , HF777 , HF841 , HF1112 , HF1098 , HF1926

Committee: House Children and Families Finance and Policy

Keywords: child care, day care, child care center, licensing, license requirements, parent access, guardian access, custody order, court order, furnishings, equipment standards, learning materials, early childhood education, infant care, toddler care, preschool, school-age child care, play materials, sensory materials, gross motor equipment

Transcript Highlights:

• </c><00:32:40.760><c> uh</c> million dollars in federal funds uh million dollars in federal funds uh
• </c> and they're going to be used these funds and they're going to be used these funds for<00:35:31.440
• </c><00:36:01.599><c> we</c> federal government on these funds we federal government on these funds we
• Hava funding is deals with Hava funding Hava funding is not<00:47:11.520><c> used</c><00:47:11.920><
• </c> receive any Grant or other funds receive any Grant or other funds authorized<00:51:55.559><c> by

Bills: HF1345 , HF71 , HF993 , HF1943

Committee: House Elections Finance and Government Operations

Keywords: HF1345, statutory city, public utility commission, municipal utilities, city council, local government, utility governance, commission membership, staggered terms, vacancy appointment, ordinance, Minnesota Statutes 412.341, municipal ordinance, city commission, public utilities, HF71, Minnesota, public safety, peace officers, correctional officers

Transcript Highlights:

• CS for Senate Bill 388, a bill to be entitled an act relating to trust funds for wildlife management.
• This is the Fish and Wildlife Conservation Commission Trust Funds.
• The changes include authorizing FWC to use the Non-Game Wildlife Trust Fund for their purposes of law
• I know there are some concerns, maybe how do we fund it, how we look at it.
• I don't think exemptions of state funds eliminate you from following the law of the state.

Bills: HB24 , HB45 , HB15 , HB35 , HB38 , HB47 , HB318 , HB349 , HB554 , HB1359 , HB1373 , HB1647 , HB2254 , HB2259 , HB2853 , HB3073 , HB3088 , HB353 , HB355 , HB786 , HB762 , HB705 , HB932 , HB849 , HB 1160 , HB 1119 , HB1612 , HB3041 , HB713 , HB3104 , HB3970 , HB3962 , HB5061 , HB4042 , HB4115 , HB4490 , HB1731 , HB1705 , HB2607 , HB3556 , HB138 , HB3689 , HB1788 , HB1887 , HB1914 , HB2402 , HB2306 , HB1809 , HB2350 , HB3000 , HB3237 , HB3326 , HB3211 , HB 1056 , HB2081 , HB2187 , HB3092 , HB3308 , HB3526 , HB3750 , HB3527 , HB4219 , HB4230 , HB4290 , HB5238 , HB4804 , HB4749 , HCR6 , HCR12 , HCR34 , HCR50 , HCR55 , HCR58 , HCR70 , HCR71 , HCR72 , HCR74 , HCR75 , HCR78 , HCR80 , HCR93 , HCR100 , HCR107 , HCR116 , HCR117 , HCR90 , SB1806 , SB783 , SB1271 , SB326 , SB1637 , SB769 , SB897 , SB1035 , SB1706 , SB1185 , SB1194 , SB384 , SB1426 , SB1468 , SB1215 , SB1066 , SB599 , SB1930 , SB2065 , SB767 , SB1619 , SB1738 , HB1500 , HB718 , HB23 , HB34 , HB 119 , HB 128 , HB 130 , HB132 , HB2756 , HB166 , HB406 , HB186 , HB331 , HB380 , HB1583 , HB1584 , HB621 , HB303 , HB552 , HB366 , HB463 , HB 1211 , HB1327 , HB1461 , HB923 , HB1760 , HB2467 , HB5333 , HB1592 , HB1576 , HB1552 , HB2018 , HB3511 , HB1781 , HB2013 , HB2340 , HB2508 , HB2970 , HB865 , HB2851 , HB3385 , HB3336 , HB3309 , HB 1127 , HB 1232 , HB1397 , HB4236 , HB4041 , HB1965 , HB2730 , HB3698 , HB3699 , HB163 , HB201 , HB272 , HB405 , HB519 , HB654 , HB694 , HB791 , HB 1136 , HB 1240 , HB 1266 , HB 1275 , HB1437 , HB1532 , HB1675 , HB1842 , HB1868 , HB1894 , HB1943 , HB1990 , HB2029 , HB2061 , HB2286 , HB2523 , HB2622 , HB2652 , HB2692 , HB2842 , HB2885 , HB3016 , HB3096 , HB3248 , HB3255 , HB3479 , HB3611 , HB3623 , HB3803 , HB3804 , HB3805 , HB3806 , HB3810 , HB3816 , HB4129 , HB4163 , HB4187 , HB4238 , HB4454 , HB4588 , HB4643 , HB4738 , HB4739 , HB4945 , HB5015 , HB5616 , HB1749 , HB1775 , HB 118 , HB1762 , HB2520 , HB24 , HB45 , HB15 , HB35 , HB38 , HB47 , HB318 , HB349 , HB554 , HB1359 , HB1373 , HB1647 , HB2254 , HB2259 , HB2853 , HB3073 , HB3088 , HB353 , HB355 , HB786 , HB762 , HB705 , HB932 , HB849 , HB 1160 , HB 1119 , HB1612 , HB3041 , HB713 , HB3104 , HB3970 , HB3962 , HB5061 , HB4042 , HB4115 , HB4490 , HB1731 , HB1705 , HB2607 , HB3556 , HB138 , HB3689 , HB1788 , HB1887 , HB1914 , HB2402 , HB2306 , HB1809 , HB2350 , HB3000 , HB3237 , HB3326 , HB3211 , HB 1056 , HB2081 , HB2187 , HB3092 , HB3308 , HB3526 , HB3750 , HB3527 , HB4219 , HB4230 , HB4290 , HB5238 , HB4804 , HB4749 , HCR6 , HCR12 , HCR34 , HCR50 , HCR55 , HCR58 , HCR70 , HCR71 , HCR72 , HCR74 , HCR75 , HCR78 , HCR80 , HCR93 , HCR100 , HCR107 , HCR116 , HCR117 , HCR90

Keywords: zoning, public notice, local government, residential development, protests, peer support, first responders, mental health, confidentiality, emergency services, information network, health services, client referral, data privacy, disaster preparedness, accreditation, community services, sexual assault, victim rights, forensic examination

Summary: The Florida House conducted legislative business including prayer, pledge, and voting on multiple bills. Key legislation included land development and wetlands mitigation (SB 492), renewable natural gas infrastructure investment (SB 1574), local government regulation (SB 1080), housing and accessory dwelling units (SB 184), recovery residences (SB 954), and various health, education, and criminal justice measures. The session also addressed returning messages from the Senate with amendments, transportation facility designations, and claims bills for wrongfully convicted individuals. Several bills passed unanimously while others faced structured debate.

Transcript Highlights:

• This is regarding the funding disparity between... ...school districts and junior colleges.
• HB 5616 by Howard, relating to the Texas Presidential Library Promotion Program and Fund.
• methods, and the impact of our current protocols on state-funded beds.
• Set of funding. It's been two years. Dr. Oliverson started it three years ago.
• And it provides the protection that we have in the funding that you set up, Dr.

Bills: HB24 , HB45 , HB15 , HB35 , HB38 , HB47 , HB318 , HB349 , HB554 , HB1359 , HB1373 , HB1647 , HB2254 , HB2259 , HB2853 , HB3073 , HB3088 , HB353 , HB355 , HB786 , HB762 , HB705 , HB932 , HB849 , HB 1160 , HB 1119 , HB1612 , HB3041 , HB713 , HB3104 , HB3970 , HB3962 , HB5061 , HB4042 , HB4115 , HB4490 , HB1731 , HB1705 , HB2607 , HB3556 , HB138 , HB3689 , HB1788 , HB1887 , HB1914 , HB2402 , HB2306 , HB1809 , HB2350 , HB3000 , HB3237 , HB3326 , HB3211 , HB 1056 , HB2081 , HB2187 , HB3092 , HB3308 , HB3526 , HB3750 , HB3527 , HB4219 , HB4230 , HB4290 , HB5238 , HB4804 , HB4749 , HCR6 , HCR12 , HCR34 , HCR50 , HCR55 , HCR58 , HCR70 , HCR71 , HCR72 , HCR74 , HCR75 , HCR78 , HCR80 , HCR93 , HCR100 , HCR107 , HCR116 , HCR117 , HCR90 , SB1806 , SB783 , SB1271 , SB326 , SB1637 , SB769 , SB897 , SB1035 , SB1706 , SB1185 , SB1194 , SB384 , SB1426 , SB1468 , SB1215 , SB1066 , SB599 , SB1930 , SB2065 , SB767 , SB1619 , SB1738 , HB1500 , HB718 , HB23 , HB34 , HB 119 , HB 128 , HB 130 , HB132 , HB2756 , HB166 , HB406 , HB186 , HB331 , HB380 , HB1583 , HB1584 , HB621 , HB303 , HB552 , HB366 , HB463 , HB 1211 , HB1327 , HB1461 , HB923 , HB1760 , HB2467 , HB5333 , HB1592 , HB1576 , HB1552 , HB2018 , HB3511 , HB1781 , HB2013 , HB2340 , HB2508 , HB2970 , HB865 , HB2851 , HB3385 , HB3336 , HB3309 , HB 1127 , HB 1232 , HB1397 , HB4236 , HB4041 , HB1965 , HB2730 , HB3698 , HB3699 , HB163 , HB201 , HB272 , HB405 , HB519 , HB654 , HB694 , HB791 , HB 1136 , HB 1240 , HB 1266 , HB 1275 , HB1437 , HB1532 , HB1675 , HB1842 , HB1868 , HB1894 , HB1943 , HB1990 , HB2029 , HB2061 , HB2286 , HB2523 , HB2622 , HB2652 , HB2692 , HB2842 , HB2885 , HB3016 , HB3096 , HB3248 , HB3255 , HB3479 , HB3611 , HB3623 , HB3803 , HB3804 , HB3805 , HB3806 , HB3810 , HB3816 , HB4129 , HB4163 , HB4187 , HB4238 , HB4454 , HB4588 , HB4643 , HB4738 , HB4739 , HB4945 , HB5015 , HB5616 , HB1749 , HB1775 , HB 118 , HB1762 , HB2520 , HB24 , HB45 , HB15 , HB35 , HB38 , HB47 , HB318 , HB349 , HB554 , HB1359 , HB1373 , HB1647 , HB2254 , HB2259 , HB2853 , HB3073 , HB3088 , HB353 , HB355 , HB786 , HB762 , HB705 , HB932 , HB849 , HB 1160 , HB 1119 , HB1612 , HB3041 , HB713 , HB3104 , HB3970 , HB3962 , HB5061 , HB4042 , HB4115 , HB4490 , HB1731 , HB1705 , HB2607 , HB3556 , HB138 , HB3689 , HB1788 , HB1887 , HB1914 , HB2402 , HB2306 , HB1809 , HB2350 , HB3000 , HB3237 , HB3326 , HB3211 , HB 1056 , HB2081 , HB2187 , HB3092 , HB3308 , HB3526 , HB3750 , HB3527 , HB4219 , HB4230 , HB4290 , HB5238 , HB4804 , HB4749 , HCR6 , HCR12 , HCR34 , HCR50 , HCR55 , HCR58 , HCR70 , HCR71 , HCR72 , HCR74 , HCR75 , HCR78 , HCR80 , HCR93 , HCR100 , HCR107 , HCR116 , HCR117 , HCR90

Keywords: zoning, public notice, local government, residential development, protests, peer support, first responders, mental health, confidentiality, emergency services, information network, health services, client referral, data privacy, disaster preparedness, accreditation, community services, sexual assault, victim rights, forensic examination

Transcript Highlights:

• When we get our pension funds moving in the right direction and our sufficiencies look good and our,
• . pensions. pensions.
• When we get our<00:20:36.880><c> pension</c><00:20:37.280><c> funds</c><00:20:37.600><c> moving</c><00
• :20:37.840><c> in</c><00:20:38.080><c> the</c><00:20:38.159><c> right</c> our pension funds moving in
• the right our pension funds moving in the right direction<00:20:39.039><c> and</c><00:20:39.440><c>

Transcript Highlights:

• That pension benefits are best delivered when funds are fully funded.
• for my mom's Tier 1 unfunded liabilities rather than solely pre-funding my own pension.
• Tier 2 pensions were fully funded in 1997 when I started teaching in 2009.
• for my mom's Tier 1 unfunded liabilities rather than solely pre-funding my own pension.
• Tier 2 pensions were fully funded in 1997 when I started teaching in 2009.

Transcript Highlights:

• It was for the purpose of funding teacher pensions.
• It was for the purpose of funding teacher pensions.
• And so, when funding teacher pensions.
• fund when they already have put significant in to the pension fund for this retired teacher.
• ><c> pension</c><01:13:36.840><c> programs,</c> want to fund 30-year pension programs, want to fund 30

Transcript Highlights:

• </c><00:03:30.239><c> was</c><00:03:30.640><c> to</c> pension fund people really them was to pension
• When we get our pension funds moving in the right direction and our sufficiencies look good and our full
• When we get our<00:10:27.200><c> pension</c><00:10:27.680><c> funds</c><00:10:28.000><c> moving</c><00
• :10:28.240><c> in</c><00:10:28.480><c> the</c><00:10:28.560><c> right</c> our pension funds moving in
• the right our pension funds moving in the right direction<00:10:29.440><c> and</c><00:10:29.839><c>

Transcript Highlights:

• You said it would be fully funded, but can you declare what the fiscal to the pension would be? Mr.
• Depending on per pension, or per pension fund, I think, depending on per pension or per pension fund,
• I think the total of all the pension funds for an increase in unfunded liability was $109 million.
• So we've been trying to bring our pensions up to a funding status that is light years beyond where they
• Being that, and I'll give TRS props, they have really gotten the pension system to a better funding level

Bills: HB1784 , HB1245 , HB1268 , HB2116 , HB2193 , HB2206 , HB1739 , HB1889 , HB1904 , HB3172 , HB4225 , HB4352 , HB3625 , HB4263

Committee: House Banking, Financial Services and Pensions

Summary: The Banking, Financial Services and Pensions Committee heard a series of retirement, banking, and school finance bills after announcing that several measures would be laid over or sent back to Rules and that the committee would recess briefly because of quorum and scheduling conflicts. The chair also explained the committee’s OPLA/safe-harbor process for pension bills and noted that many of the measures would still need oversight and floor consideration. Among the bills advanced were HB 1245, allowing certain DHS CLEET-commissioned agents to join the law enforcement retirement system; HB 4352, helping people refinance homes or businesses while protecting lenders; HB 4263, giving certain retired teachers who go to work for CareerTech a choice between TRS and OPERS; HB 1268, creating a five-year DROP option for EMTs and county sheriffs in OPERS; HB 1739, reinstating a half-pay provision in the law enforcement retirement system for OHP recruitment and retention; HB 2116, expanding OLERS eligibility to certain Office of State Fire Marshal officers; HB 2206, allowing newly hired school resource officers into OLERS; HB 3625, expanding school district investment options; HB 1889, providing a catch-up COLA for older police and fire retirees; and HB 1784, requiring TRS’s assumed rate of return not fall below its past 20-year annualized return. HB 3172, the “Fair Banking Act,” would restrict adverse actions by very large financial institutions based on lawful economic activity and require explanations on request; members asked whether it would affect Oklahoma banks and whether it mirrored a presidential executive order. HB 2193 proposed a COLA for state retirement systems with caps on eligible benefits and salaries, and members raised concerns about differing actuarial estimates and the need for more work before oversight. Most bills were reported out by committee votes ranging from 8-0 to 4-3. The chair and members repeatedly noted that several measures, especially the pension bills, would need further work with actuaries and oversight committees. The meeting ended with a brief acknowledgment of committee staff and support personnel before adjournment.

Transcript Highlights:

• Those are the only two things that would be shifted to the pension if there is 100% funding.
• Pension funding levels have not had the same type of trend, and over the same period from 2018 through
• U making sure the Pension funds are busy U making sure the pensions<00:24:36.000><c> are</c><00:24:36.279
• ><c> in</c> prevent Pension funds from investing in prevent Pension funds from investing in companies
• </c> increased activism by public Pension increased activism by public Pension funds<00:33:11.519><c>

Summary: The committee first approved the minutes from its January 27 meeting and then took up House Bill 694, which would create a default rule for the Teachers’ Retirement System health insurance trust fund once it reaches 100% funding, currently anticipated around 2027. The bill would redirect two funding streams now going to the health trust—state payments on behalf of local districts and other employer contributions—into TRS pension benefits if the health fund reaches and maintains full funding. The sponsor said this would add about $154 million annually to TRS pensions and would only serve as a default if no other plan is adopted later. Members asked whether the bill would shift the unfunded liability to teachers or affect employee contributions. The sponsor and staff said it would not shift liability to teachers and would not change the employee contribution; only the employer-side payments would be redirected. Several members asked about the meaning of actuarial 100% funding, whether the fund could fall back below 100%, and whether employee contributions might be reduced in the future. The sponsor said the bill is based on actuarial projections, would revert the money back to the health trust if funding fell below 100%, and does not prevent future legislative or board action. Senator Higdon and others spoke in support of discussing the issue, noting the 2010 shared-responsibility changes and the need for a default approach as full funding is reached. The committee then heard Senate Bill 183, which would amend Kentucky law governing proxy advisers used by retirement systems. The sponsor said the bill would require proxy advisers, when handling shareholder-sponsored proposals, to act solely in the interest of retirement system members and beneficiaries and to provide an economic analysis when voting against a company board’s recommendation. He argued the measure is aimed at proxy advisers such as ISS and Glass Lewis, which he said often advance ESG-related proposals not tied to shareholder value. A guest from APCIA said the bill is meant to distinguish proxy advisers from investment managers and to strengthen the 2023 law by requiring a clearer economic justification for votes that depart from board recommendations. Members asked how proxy advisers differ from other financial advisers, whether Kentucky uses them, and whether the bill would prevent pension funds from investing in companies with ESG factors if those investments are profitable. The sponsor and guest said the bill would not bar such investments; it is intended to regulate proxy voting recommendations, not investment decisions. They described the bill as a proactive measure to reinforce fiduciary responsibility and limit outside proxy influence on pension voting. No final vote on either bill was taken in the portion of the meeting provided.

Transcript Highlights:

• , and taxpayers are on the hook if the pension funds run short.
• As a taxpayer that's paid into this pension fund, I'd like to ask...
• I am not naive to the fiduciary responsibilities of a pension fund.
• Without funding from pension funds such as ours, Israel would not be able to commit these atrocities
• The Massachusetts state pension plan must divest from companies, By our pension funds against her will

Committee: Joint Joint Committee on Public Service

Summary: The Joint Committee on Public Service held a hearing focused first on teacher retirement legislation, especially H. 2932 and S. 1884, which would give long-serving educators a one-time opportunity to enroll in Retirement Plus after the program’s 2001 rollout was described as confusing and inconsistently communicated. Legislators, union leaders, and many teachers testified that some educators missed the opt-in window because of faulty notices, leave status, transfers, or misinformation about payroll deductions, and that many have had to work several extra years as a result. Supporters said the bills would correct an unfair administrative error, provide a buyback option with interest, and could also save local school districts money by allowing earlier retirements. Representative Mark Sylvia also testified for H. 4234, a Fairhaven-specific bill to raise the age limit for special police officers from 65 to 70 and clarify appointing authority, citing experience and budget needs. The committee then heard testimony on several pension investment and divestment bills. Supporters of H. 2811 and related climate-risk measures argued that PRIM should assess, disclose, and address climate-related financial risk in the state pension fund, warning that fossil fuel investments could threaten long-term returns and public finances. Environmental advocates and financial experts said climate risk is systemic and urged transparency, divestment planning, and alignment with the Commonwealth’s climate goals. Another set of speakers supported H. 2984, which would divest pension investments from companies selling weapons to Israel; they argued the state should not be complicit in violence in Gaza and cited humanitarian and human rights concerns. Additional testimony supported H. 2900 and S. 1869 to divest from the firearm industry, with speakers saying pension investments should not undermine Massachusetts gun laws. No votes were taken during the hearing. The chairs repeatedly thanked speakers, limited testimony time, and noted that written testimony could be submitted later. The hearing concluded with the committee moving through the sign-up list and hearing extensive public testimony on the teacher retirement and divestment proposals.

Transcript Highlights:

• </c> funds, it's it's amazing. funds, it's it's amazing.
• </c> strong public pensions. strong public pensions.
• </c> the pensions commission. the pensions commission.
• </c> be serving on pensions. be serving on pensions.
• technical,</c> pensions, pensions are super technical, pensions, pensions are super technical, but<00

Summary: House File 4074, the second engrossment of the retirement bill, was presented as a broad pension package with changes affecting multiple public retirement systems. Rep. Lilly described provisions including bringing St. Paul teachers closer to parity with TRA, reducing the COLA waiting period for police and fire retirees from two years to one, lowering the retirement age for certain probation, corrections, and 911 telecommunicator workers from 60 to 55, addressing a State Board of Investments fix, and creating or continuing work on Secure Choice and other retirement-related issues. Members also noted help for volunteer firefighters, EMS-related workers, and a local fix for Maple Plain’s volunteer fire system. The bill was repeatedly described as bipartisan and the product of successful working groups and negotiations with the Senate. Several members spoke in support, emphasizing the importance of public pensions, the impact of inflation on retirees, and the value of the bill’s targeted improvements for workers who are often not covered by Social Security. Rep. Johnson, Rep. Hill, Rep. Vega, Rep. Robbins, Rep. Cha, and others praised the work of the pension commission, staff, and the co-chairs. They highlighted the St. Paul teachers changes, the police and fire COLA adjustment, and the bill’s efforts to honor promises made to public employees. Some members also pointed to the importance of work groups as a way to develop better long-term solutions. The main point of debate centered on the duty disability amendment, which would have addressed disability issues for first responders. Supporters said the issue is serious and needs a work group solution rather than piecemeal changes, while Rep. Johnson and others warned that the proposal could create problems by treating psychological injuries differently from physical injuries. Rep. Roach said the body should not have passed the prior law and urged a fix for disabled law enforcement and first responders. After discussion, Rep. Lilly withdrew the A3 amendment. Earlier technical amendments A9 and A10 were adopted by voice vote, with members noting they were non-substantive and intended to keep House and Senate language identical and avoid a conference committee. The bill then moved to third reading as amended, with members urging a green vote.

Transcript Highlights:

• And is that where the Pension Funding Council was on that issue?
• And is that where the Pension Funding Council was on that issue?
• And there's a number of issues here that impact the funding of our pensions.
• on the costs, risks, and funding policies related to the pension systems.
• So if you want your pension fund to get out of coal effectively, you should use that list.

Committee: Joint Select Committee on Pension Policy

Summary: The Select Committee on Pension Policy opened its 2025 interim with roll call, approval of the prior minutes, and a brief administrative update on meeting procedures, new members, and a planned change to hold officer elections in June rather than immediately. Staff then presented a high-level recap of the 2025 legislative session, focusing on pension-related bills affecting Plans 1, 2, and 3, including the failed Plans 1 COLA and month-of-death bills, enacted changes on retire/rehire rules, state actuary appointments, service credit purchases, excess compensation, and a budget proviso directing study of proposed LEOFF 1 merger/termination concepts. Staff also highlighted ESSB 5357, which changes funding policy and the assumed rate of return, and noted that a deeper briefing on that complex bill may be needed. The committee then received an interim kickoff presentation explaining the SCPP’s role, membership, meeting structure, public participation, and the typical process for studying issues. Staff reviewed the draft interim work plan, which will be shaped by statutory studies, annual agency reports, legislative outcomes, stakeholder requests, and committee goals. Key upcoming work includes the mandated study of LEOFF 1 merger and termination concepts, the state actuary’s odd-year economic assumption recommendations, annual updates from DRS, OSA, the LEOFF 2 Board, and the State Investment Board, and other recurring reports such as the DRS benchmarking study and actuarial valuation materials. Members also discussed the importance of understanding asset smoothing and long-term funding impacts, and staff said updated contribution projections will be available later in the fall. During public comment, several speakers urged the committee and the State Investment Board to address climate-related financial risk and divest from fossil fuels, arguing that current coal, oil, and gas holdings are too large and that existing screening methods undercount exposure. One commenter also asked the committee to consider climate risk in the upcoming long-term economic assumptions study. Another public commenter, representing school retirees and administrators, urged continued study of COLA proposals and asked the committee to review the recently enacted funding bill and a separate bill related to COLA financing. The meeting concluded with a short break and adjournment of the full committee portion before the executive committee session.