Video & Transcript : 'pension fund' :
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WA
Washington 2025-2026 Regular Session
Pension Funding Council Oct 8th, 2025 at 02:00 pm
Pension Funding Council
Transcript Highlights:
- that feed into the Pension Funding Council.
- And the Pension Funding Council, I'll talk about the State Investment Board and the Pension Funding Council's
- to the Pension Funding Council.
- funding council Thank you again, Madam Chair, members of the Pension Funding Council.
- Thank you, chair members of the Pension Funding Council.
Committee:
Joint Pension Funding Council
Summary:
The Pension Funding Council met on October 8 with introductions from council members and then heard a presentation from the Office of the State Actuary on long-term economic assumptions and the state pension systems’ financial condition. OSA reported that the combined pension systems were 100% funded as of June 30, 2024, with open plans above 95% funded, and explained that strong investment returns and prior funding policy decisions contributed to that position. The actuaries recommended increasing the inflation assumption from 2.75% to 3%, increasing general salary growth by 0.25%, keeping the Plan 1 membership growth assumption at 1%, and raising the assumed investment return to 7.25% for all plans. They also reviewed estimated budget impacts and explained that investment gains are smoothed over up to eight years, while other assumption changes flow directly into future valuations.
The council also heard comments from the Economic and Revenue Forecast Council and the State Investment Board, both of which said their inflation and return outlooks were broadly consistent with the actuary’s recommendations. ERFC discussed inflation trends, the Federal Reserve’s 2% target, and why Seattle-area inflation tends to run above the national average, while SIB said its 15-year inflation assumption is 2.5% and that 7.25% is a reasonable long-term return assumption. Public testimony included support for maintaining Plan 1 funding efforts and caution from the Association of Washington Cities about the budget impact of higher assumptions and the risk of overfunding pensions.
The council then considered and adopted a motion to maintain the current prescribed long-term economic assumptions, with a roll call vote of 4-2. It next considered the long-term services and supports trust program and, after hearing an overview from DSHS and OSA, adopted the recommended WA Cares premium rate of 0.58% by a unanimous 6-0 vote. OSA said the WA Cares program is still in its learning phase, with no benefits yet paid, and recommended no premium change at this time regardless of the outcome of the related ballot measure. The council also elected Katie Chapman as chair and then adjourned.
KY
Kentucky 2025 Regular Session
Public Pension Oversight Board (10-21-25)
Transcript Highlights:
- They're evaluate pension fund returns?
- </c><00:11:52.320><c> fund</c> for example KS non-haz pension fund for example KS non-haz pension fund
- ><c> their</c><00:12:06.959><c> policy</c> pension funds all beat their policy pension funds all beat
- </c><00:12:44.720><c> funds</c> and all of our state pension funds and all of our state pension funds
- > largely</c><00:26:32.640><c> reduce</c> Uh, pension funds have largely reduce Uh, pension funds have
Summary:
The committee met with a quorum, approved the prior meeting minutes, welcomed new staff member Sean Parks, and announced that it would not meet in November. The next meeting was scheduled for December 8 at 10:00 a.m., with the chair noting that pension bills would be heard then and emphasizing that all pension bills must go through the full process and include actuarial analysis.
Brad Gross of the Public Pension Oversight Board presented a detailed review of Kentucky retirement systems’ investments and funding. He said fiscal year 2025 ended with about $50.5 billion in pension assets and $12.52 billion in retiree health assets, both up from the prior year. He reported strong investment performance across the systems, with all Kentucky public pension funds exceeding their policy benchmarks and the median peer return of 10.4%. He also discussed long-term return trends, asset allocation differences among the systems, fee levels, and cash flow, noting that cash flow remains a key monitoring issue and that supplemental appropriations have improved the cash position of some funds, especially the Kentucky State Police and TRS systems.
Gross also explained that assumed rates of return have generally fallen over time, which increases unfunded liabilities and required contributions, and said the systems’ current assumptions range from 5.25% to 7.1%. He noted that the committee’s materials included peer comparisons and historical charts, and that all asset classes were within target ranges. In response to a question from Senator Funky From, Gross was asked about pension spiking and whether supplemental general fund contributions could create a false sense of security in cash flow analysis; the question was raised but not resolved in the portion of the transcript provided.
MN
Minnesota 2025-2026 Regular Session
House Floor Session - part 2 May 19th, 2025
Minnesota House Floor Meeting
Transcript Highlights:
- This is the This is a bipartisan pension bill from the Pension Commission.
- When we get our pension funds moving in the right direction and our sufficiencies look good, and our
- gave last biennium was one-time funding, and we are already a third through that funding.
- pension.
- And I just have a hard time pitting teachers' pension versus police's pension.
MN
Minnesota 2025-2026 Regular Session
Legislative Commission on Pensions and Retirement - 04/21/26
Minnesota Senate Floor Meeting
Transcript Highlights:
- <c> and</c><00:52:49.000><c> Fire</c><00:52:49.240><c> Fund</c> Pensioners in the Police and Fire Fund
- Pensioners in the Police and Fire Fund are<00:52:49.520><c> currently</c><00:52:49.920><c> only</c><
- And I understand that Representative O'Driscoll's aim here is to bring more funding into the pension
- </c><01:21:13.160><c> to</c><01:21:13.320><c> try</c> funding into the pension system to try funding
- these pensions, this is one way to make sure that those dollars that are intended to go here to fund
WA
Transcript Highlights:
- Risk is inherent in pension systems, so it's important to remember that pension funding is a long-term
- that feed into the Pension Funding Council.
- And the Pension Funding Council, I'll talk about the State Investment Board and the Pension Funding Council's
- In addition, the Pension Funding Council must set the premium.
- Thank you, Chair members of the Pension Funding Council.
Committee:
Joint Pension Funding Council
Summary:
The Pension Funding Council met on October 8 with introductions from council members and staff, then received a detailed presentation from the Office of the State Actuary on long-term economic assumptions and the state pension systems’ financial condition. OSA reported that the combined pension systems are currently 100% funded on a smoothed basis, with open plans above 95% funded, and that legacy Plan 1 systems remain on a path toward full funding under current policy. The actuaries recommended updating assumptions to 3% inflation, 3.5% general salary growth, and a 7.25% investment return, while keeping Plan 1 membership growth at 1%. They also explained asset smoothing, the role of recent strong investment returns, and the expected budget impacts of the recommended changes. Representatives from the Economic and Revenue Forecast Council and the State Investment Board offered supporting perspectives, generally describing the assumptions as reasonable and consistent with their own outlooks.
The council also heard an overview of the Long-Term Services and Supports Trust Program (WACares) from DSHS and OSA. Program staff described the program’s social insurance structure, premium collection, benefit eligibility, and upcoming implementation milestones. OSA reported that the program’s first actuarial valuation showed a positive actuarial balance under the base scenario and recommended no change to the current 0.58% premium rate during the program’s early learning phase, noting that future changes would depend on experience and the program’s risk-management framework. OSA also said the recommendation would remain the same regardless of the outcome of the pending ballot measure affecting investment options.
During public comment, a representative of the Washington State School Retirees Association urged continued work on Plan 1 funding and related legislation, while the Association of Washington Cities cautioned against increasing pension assumptions in a way that could raise future employer costs and reduce flexibility for current local government services. In action, the council adopted a motion to maintain the current long-term economic assumptions by a 4-2 vote, adopted the recommendation to keep the WACares premium rate at 0.58% by a 6-0 vote, and then elected Katie Chapman as council chair by unanimous vote. The meeting then adjourned.
WA
Washington 2025-2026 Regular Session
Select Committee on Pension Policy Jun 17th, 2025 at 10:00 am
Select Committee on Pension Policy
Transcript Highlights:
- So the pension systems are partially funded through contributions by employers and members, and these
- So how does this law, which is a short-term reduction in pension funding, impact these plan metrics?
- A fully funded pension fund is critical. The security of our well-earned pension.
- A fully funded pension fund is critical to our members' peace of mind.
- In this state, in the House bill plan, when this goes out of the pension fund into a special fund under
Committee:
Joint Select Committee on Pension Policy
Summary:
The Select Committee on Pension Policy met on June 17, 2025, with Vice Chair Fitzgibbon presiding initially in Chair Benke’s absence. The committee approved the May minutes and then held its annual election of officers. Representative Travis Couture was elected chair, Senator Steve Conway was elected vice chair, and the executive committee seats were filled by Member Yistramski for actives, Bev Hermanson for retirees, and Anthony Murrietta for employers. The committee also recognized Pat Thompson for her long service and upcoming departure from the committee.
Staff then briefed the committee on Engrossed Substitute Senate Bill 5357, which changed pension funding by increasing the assumed long-term investment return from 7% to 7.25%, lowering normal cost contribution rates, suspending Plan 1 UAAL contributions for four years, and extending the amortization period for Plan 1 benefit improvements from 10 to 15 years. The Office of the State Actuary explained that the bill produces significant short-term budget savings but increases the risk of higher contribution rates later if investment experience underperforms. Members asked about the suspension of Plan 1 UAAL rates and the implications for future rates and funding risk.
The committee also received an introduction to the required study of proposed LEOFF 1 merger and termination legislation under the 2025-27 operating budget proviso, covering Substitute Senate Bill 5085 and Substitute House Bill 2034. Staff outlined the study plan, including legal, tax, actuarial, administrative, and pension policy analysis, with input expected from the Attorney General’s Office, Ice Miller LLP, the Office of the State Actuary, DRS, the State Investment Board, and the State Treasurer. Members discussed the unusual issue of an overfunded plan and possible IRS implications. Public testimony was split, with some speakers supporting a merger as a way to create room for a Plan 1 COLA and others opposing any diversion of LEOFF 1 assets, citing legal, tax, and member-rights concerns. The meeting adjourned before the scheduled executive session.
MN
Transcript Highlights:
- </c><01:17:01.840><c> was</c> I don't know is the Tier 1 pension was not fully funded.
- : teacher pensions, more funding for charter schools, long-term facility maintenance, lunchrooms, and
- Um teacher pensions, pensions, pensions, um<01:40:26.800><c> more</c><01:40:27.040><c> funding</c><01
- </c><01:41:36.080><c> We</c><01:41:36.239><c> could</c> and fund teacher pensions.
- We could and fund teacher pensions.
Bills:
HF2433
Committee:
Senate Education Finance
MN
Minnesota 2025-2026 Regular Session
Committee on State and Local Government - 05/07/26
State and Local Government
Transcript Highlights:
- funds.
- funds.
- funds.
- funds.
- </c> the improving nature of our pension the improving nature of our pension funds.<00:20:59.320><c>
Committee:
Senate State and Local Government
WA
Washington 2025-2026 Regular Session
Select Committee on Pension Policy Sep 16th, 2025
Select Committee on Pension Policy
Transcript Highlights:
- Pension funding, long-term pension funding, determining contribution rates, measuring the program's funded
- of pension funds to fund pension issues.
- funds to fund and pension issues.
- pension fund.
- funded, which would have a significant impact on the LEOFF 1 pension fund.
Committee:
Joint Select Committee on Pension Policy
Summary:
The committee approved the July minutes and then received an informational presentation from the Office of the State Actuary on the financial condition of the state retirement systems. The actuary reported that employer contribution rates are generally declining, helped by strong investment returns and reduced funding for PERS 1 and TERS 1, while funded ratios have continued to improve; on a combined basis the plans were reported at 100% funded in 2024, with open plans above 95% and legacy plans varying by system. The presentation also reviewed projected rates and funded ratios under current assumptions, noted that pension costs are taking a smaller share of the state general fund, and discussed risks from investment volatility, policy changes, and demographic experience. Committee members asked about savings from lower rates, deferred asset smoothing, and how Washington compares with other states.
The committee then considered the state actuary’s recommendation on long-term economic assumptions and adopted all four recommendations by roll call votes: inflation at 3.0%, general salary growth at 3.5%, membership growth for Plan 1 funding at 1.0%, and investment rate of return at 7.25%. The actuaries explained that the inflation and salary growth increases were driven largely by higher long-term inflation expectations, while the investment return recommendation matched the current statutory assumption. Members discussed the timing of the Pension Funding Council’s decision, the effect of tariffs and inflation uncertainty, and how assumption changes would affect future contribution rates and budgets, particularly for open plans.
Staff then gave an update on the LEOFF 1 study, explaining the difference between being “ahead of schedule” and truly overfunded, and summarizing responses received from DRS, the State Treasurer, and the State Investment Board on the merger and restatement proposals. DRS said both bills could be administered, though the merger bill’s COLA banking provision would be challenging until its new system is ready; the Treasurer urged caution, especially about the restatement bill and the use of one-time funds; and the Investment Board said removing assets from the trust would have some transaction costs but likely small impacts. The committee discussed whether to invite additional agencies and local government groups to testify, and staff said more responses, including from Ice Miller and the State Actuary, were expected for the October meeting.
Finally, the committee heard a briefing on PERS 1/TERS 1 COLA policy and related bills from the last session. Staff reviewed the committee’s prior ongoing COLA recommendation, the SCPP-endorsed bills that would have created a one-time 3% COLA followed by an ongoing COLA, the Senate merger bill, and a separate ad hoc COLA bill. Public testimony largely supported Plan 1 COLAs and stable contribution rates, while several speakers urged caution about transferring LEOFF 1 surplus assets or merging legacy plans, and others raised concerns about climate risk and the pension fund’s investments. No further committee action was taken on the COLA item during this portion of the meeting.
NM
New Mexico 2025 Regular Session
IC - Investments and Pensions Oversight Oct 8th, 2025
Investments & Pensions Oversight Committee
Transcript Highlights:
- On the next slide, you'll see this experience of public pension funding levels.
- The public pension community, as a group, was fully funded.
- New Jersey has developed a policy to fully fund their pension plans.
- Some of the well-funded pension funds across the country have variable rates.
- Each pension fund across the country is different.
NM
New Mexico 2025 Regular Session
IC - Investments and Pensions Oversight Oct 9th, 2025
Investments & Pensions Oversight Committee
Transcript Highlights:
- The second metric that we look at is whether the pension funds are being funded in a sustainable way.
- Montana, for example, their fund ended up being a joint fund for pensions.
- For these pension funds, we're already paying their management fees.
- I'm thinking about how, you know, all of these pension funds are being compared, and all of these pension
- It's all of the U.S. public pension funds that are over 1 billion in assets.
WA
Washington 2025-2026 Regular Session
Senate Floor Session Mar 6th, 2026
Washington Senate Floor Meeting
Transcript Highlights:
- this pension funded at 120% of the actuarial value, in order that if there's a market downturn, if something
- Public pension plan in the country: 77% of the funding has been state dollars going into the plan.
- But first of all, we just don't believe that it funds the pension funds.
- And I have to tell you that there's only two sources of income for a trust fund for a pension fund.
- And we found one who had been raiding their pension funds. We're in trouble, and we bought them.
Bills:
SB6061 , SB6234 , SB6176 , SB6335 , SB6047 , HB2235 , HB2464 , HB2619 , HB1376 , SB5808 , SB5949 , HB1347 , HB1759 , HB1983 , HB2120 , HB2264 , HB2338 , HB2385 , HB2495 , HB2521 , HB2604 , HB2610 , HB2675 , HB2426
Keywords:
tourism, self-supported assessment, funding, statewide promotion, economic development, sewage, grinder pumps, residential buildings, regulation, construction, vehicle registration, enforcement, renewal, transportation, state law, state commission, infrastructure, traffic safety, responsibilities, state capital projects
Summary:
The Senate considered Engrossed Second Substitute House Bill 2034, a measure to terminate and restate the LEOFF 1 pension plan and use surplus funds for other state purposes if federal approval is obtained. During debate, senators discussed whether the plan should remain funded at 110% or 120% of actuarial value, whether surplus dollars should instead go to transportation or the budget stabilization account, whether members should receive an additional distribution, and whether local governments should be reimbursed for retiree health care costs. Several amendments were offered: a Gildon amendment to raise the funding target to 120% failed; a technical Robinson amendment adding a date passed; Holy, King, Harris, Schessler, and Conway amendments addressing member distributions, transportation, budget stabilization, local government health care costs, and a reconstituted board distribution all failed; and Robinson’s amendment removing Climate Commitment Act repayment language passed. The Ways and Means striking amendment, as amended, was then adopted.
On final passage, supporters argued the bill was actuarially sound, had been reviewed by attorneys, actuaries, the State Investment Board, and the Department of Retirement Systems, and would allow use of excess funding for other state needs. Opponents warned it left too little in the pension fund, should dedicate surplus dollars only to one-time uses, and did not adequately reimburse cities and counties for retiree medical obligations. After debate, the Senate passed E2SHB 2034 by a vote of 25 yeas, 22 nays, with one absent and one excused.
Afterward, the Senate returned to Substitute House Bill 2178, which was also passed on final passage by a vote of 39 yeas and 9 nays, with one excused. The chamber then adjourned until the next scheduled meeting.
WA
Washington 2025-2026 Regular Session
Select Committee on Pension Policy Jun 16th, 2026 at 10:00 am
Select Committee on Pension Policy
Transcript Highlights:
- I assume the Pension Funding Councilor will look at this as well.
- The Pension Funding Council contains two.
- The Pension Funding Council is more interested in the budget...
- the work of the actuary, the Pension Funding Council, and the Select Committee on Pension Funding.
- Through the work of the actuary, the Pension Funding Council, and the Select Committee on Pension Policies
Committee:
Joint Select Committee on Pension Policy
WA
Washington 2025-2026 Regular Session
Select Committee on Pension Policy Jul 15th, 2025 at 10:00 am
Select Committee on Pension Policy
Transcript Highlights:
- Economic assumptions include things like the ...Pension Funding Council and also the LEOFF 2 Board.
- In other words, the money is not coming from the LEOFF 1 pension trust fund.
- That's the goal of most pension systems, as you know, is 100% funding. That is our goal.
- The only thing that's commanded is that the money be put in the pension fund stabilization account.
- Because if pension money used for pension funds won't be qualified, 2034 would not be qualified if the
Committee:
Joint Select Committee on Pension Policy
Summary:
The Select Committee on Pension Policy approved the June minutes by roll call vote, with 11 ayes and 6 excused. The chair then outlined meeting procedures and public comment rules before educational briefings began.
Lisa Wan of the Office of the State Actuary gave the agency’s annual update, describing its staffing, clients, strategic plan, and performance measures. She noted the office is a small nonpartisan legislative agency that provides actuarial valuations, fiscal notes, policy analysis, and support for multiple retirement systems and boards, and said the office faces a heavy workload in 2025 because of the demographic experience study and other recurring projects.
Jacob White provided the annual LEOFF 2 Board update, covering the board’s structure, plan demographics, funded status, contribution rates, and several policy topics under review. Those topics included a Seattle overtime/pension spiking review, catastrophic disability survivor benefits, retiree return-to-work employer contributions, and the change in interest credited to member accounts. He said the board would continue coordinating with DRS and report back through interim updates.
Erin Gutierrez presented background for the LEOFF 1 study, explaining plan benefits, medical and death benefits, historic funding, and federal tax qualification issues. She compared Substitute House Bill 2034 and Substitute Senate Bill 5085, describing 2034 as a restatement/termination approach and 5085 as a merger into a Legacy Retirement Plan, both requiring IRS determination letters. Committee members asked questions about LEOFF 1 medical costs, funding sources, and tax implications, and public commenters urged the committee to protect tax qualification, consider a recurring COLA for PERS and TERS 1, and address pension policy concerns. The meeting ended with adjournment and notice of a 30-minute break before executive session.
MN
Transcript Highlights:
- fund, that the pension fund is going to be eating up half that cost and that's going to fall back on
- any state funding.
- They're just funding.
- state funding.
- any state funding.
Committee:
Senate Finance
WA
Washington 2025-2026 Regular Session
Select Committee on Pension Policy Nov 18th, 2025 at 10:00 am
Select Committee on Pension Policy
Transcript Highlights:
- This is the commingled trust fund. This is the big pension fund.
- This is the co-mingled trust fund. This is the big pension fund. So we've gotten down.
- We have the strategic asset allocation for the pension fund, right?
- We have a pension funding council.
- You're using pension dollars from LEOFF 1 surplus dollars to fund another pension program, two programs
Committee:
Joint Select Committee on Pension Policy
Summary:
The committee approved the October minutes and received an update from the State Investment Board. David Schumacher described the board’s structure, its fiduciary mission to maximize return at prudent risk, the mix of funds it manages, and the factors behind its long-term performance, including broad diversification, low fees, and a long-term investment approach. Members asked about rankings, the board’s independence, climate/ESG considerations, and whether political divestment pressures affect investment decisions; Schumacher said decisions remain grounded in fiduciary duty and financial risk.
The Department of Retirement Systems annual report followed. Director Catherine Leathers reviewed membership, contributions, benefit payments, the Deferred Compensation Program, employer partners, and the economic impact of pension payments across counties and legislative districts. She also highlighted staffing and training needs, improved call wait times and benefit estimate turnaround after legislative funding, cybersecurity upgrades, and the CorePAM pension administration modernization project, which is being paid from the trust fund as an administrative cost. Members asked about inactive accounts, and Leathers said DRS works to locate missing members and return benefits, including through a new link from the Department of Revenue website.
The committee then closed out its study of the Left One system. Staff presented options ranging from no recommendation to recommending either the restatement/termination bill or the merger bill, with or without policy changes. After discussion, the committee first failed to reach 11 votes for a no-recommendation motion, then adopted a revised motion to submit the report without recommending either bill but also to request future analysis that disaggregates policy choices, including COLA-related impacts. The committee next heard a briefing on an ad hoc COLA for PERS/TRS Plan 1 retirees and adopted a motion to send a letter supporting the one-time COLA policy in HB 1474 or a similar Senate bill. Finally, staff briefed the committee on the month-of-death bill, which would end proration of pension payments in the month a retiree dies; no action was taken. Public testimony largely focused on support for an ad hoc or ongoing COLA for Plan 1 retirees, with some speakers urging the committee to back SB 5085 and others emphasizing the need for a bridge policy while a permanent solution is developed.
WA
Washington 2025-2026 Regular Session
Select Committee on Pension Policy May 19th, 2026 at 10:00 am
Select Committee on Pension Policy
Transcript Highlights:
- Policy, the Pension Funding Council, the State Investment Board, and the State Treasurer.
- The pension fund because it's falling below 100%. Is that correct? Correct. Yes. Okay.
- It also can come from the prior act pension funds.
- So, again, I'm going to argue for repurposing the funds, pension funds.
- Pension funds should be used for pension issues, and that's why it makes logical sense to use this excess
Committee:
Joint Select Committee on Pension Policy
CA
California 2025-2026 Regular Session
Assembly Public Employment and Retirement Committee Jan 14th, 2026
Transcript Highlights:
- It works for employees because they receive the accumulated funds as a supplement to their pension.
- Without these adequate protections, this allows the largest public worker pension fund in the United
- We believe in investments of union members' defined benefit pension contributions by public pension funds
- So, AB 1439 will be sure that is the case with our public pension funds, and we respond.
- funds don't take aside on whether, being built, we want to make sure that the pension funds don't take
Summary:
The Assembly Committee on Public Employment and Retirement heard two bills. AB 1054 by Assemblymember Gibson would create a Deferred Retirement Option Program for eligible CHP officers and CAL FIRE firefighters, allowing them to work up to five additional years while their retirement benefits accrue in an interest-bearing account. Supporters, including representatives of CHP and CAL FIRE, said the bill would help retain experienced public safety personnel, address staffing strain, and remain cost-neutral to the state. Members generally supported the measure, and the committee passed it 7-0 and referred it to Appropriations.
The committee then heard AB 1439 by Assemblymember Garcia, sponsored by the State Building and Construction Trades Council. The bill would require public pension and retirement systems to apply stronger labor standards when investing in California development projects, including prevailing wage, skilled-and-trained workforce, and labor neutrality provisions. Supporters argued that public pension investments should not back projects with wage theft, unsafe conditions, or poor labor practices, and that stronger standards improve project quality and returns. Opponents, including county retirement systems, builders, housing groups, and local government associations, warned the bill could interfere with fiduciary duties, increase costs, create litigation risk, and reduce housing and development activity.
Committee members raised concerns about the bill’s scope, definitions, and possible impacts on housing and pension stability, but several said they were willing to give the author a chance to continue working on amendments. The author committed to further revisions and said the bill was still in early stages. The committee approved AB 1439 5-0, with one member not voting, and sent it to Appropriations. The meeting ended with brief farewell remarks for a committee consultant who is leaving for the Senate.
CA
California 2025-2026 Regular Session
Assembly Public Employment and Retirement Committee Jan 14th, 2026
Public Employment and Retirement
Transcript Highlights:
- It works for employees because they receive the accumulated funds as a supplement to their pension.
- Without these adequate protections, this allows the largest public worker pension fund in the United
- We believe in investments of union members' defined benefit pension contributions by public pension funds
- After initial conversations with local pension funds at the city, county, and local level, which just
- funds don't take aside on whether, being built, we want to make sure that the pension funds don't take
Committee:
House Public Employment and Retirement
MN
Minnesota 2025-2026 Regular Session
Legislative Commission on Pensions and Retirement - 05/05/26
Minnesota Senate Floor Meeting
Transcript Highlights:
- </c><00:16:16.079><c> all</c> funding and they're supposed to fund all funding and they're supposed to
- new fund.
- fund.
- and drew pensions.
- and drew pensions.