Video & Transcript : 'pension legislation' :
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MN
Minnesota 2025-2026 Regular Session
Legislative Commission on Pensions and Retirement - 02/24/26
Minnesota Senate Floor Meeting
Transcript Highlights:
- The Legislative Commission on Pensions and Retirement will please come to order.
- My first term as a legislator was elected in 2024. Pensions was one of my top choices.
- The LCPR is responsible for guiding pension legislative proposals based on information from the systems
- The pension systems pension systems.
- ><c> on</c> pension legislative proposals based on pension legislative proposals based on information
MN
Minnesota 2025-2026 Regular Session
Legislative Commission on Pensions and Retirement - 03/18/25
Minnesota Senate Floor Meeting
Transcript Highlights:
- </c><00:01:09.280><c> Omnibus</c> three bills onto the pension Omnibus three bills onto the pension Omnibus
- The LCPR is responsible for guiding pension legislative proposals based on information from systems as
- pension is responsible for guiding pension legislative<00:41:14.839><c> proposals</c><00:41:15.359><
- </c> testimony as needed and legislative testimony as needed and legislative costing<00:42:15.440><c>
- </c><00:42:55.960><c> and</c> estimates of proposed legislation and estimates of proposed legislation
KY
Kentucky 2025 Regular Session
Senate Standing Committee on Appropriations and Revenue (3-5-25)
Transcript Highlights:
- :04:14.400><c> then</c> money on the pension side was then money on the pension side was then replaced
- </c> state was using portions of the pension state was using portions of the pension funding<00:10:24.040
- </c><00:20:53.159><c> debt</c> districts to pay on that pension debt districts to pay on that pension
- ><c> onto</c><00:20:55.360><c> School</c> the pension debt goes onto School the pension debt goes onto
- </c><00:21:27.360><c> liability</c> employees toward the pension liability employees toward the pension
Keywords:
Meeting Start 00:00:00
Roll Call 00:00:05
HB 545Discussion 00:00:40
HB 545 Vote 00:01:35
HJR 54 Discussion 00:02:25
HJR 54 Vote 00:03:10
HB 694 Discussion 00:03:42
HB 694 Vote 00:28:25, 958, all
Summary:
The committee met with a quorum and first took up House Bill 545, a routine claims bill. Representative Tim Truett explained it as a measure to pay debts the Commonwealth owes. The bill received a motion, a second, and a roll call vote, and passed with favorable expression and no nay votes.
Members then considered House Joint Resolution 54, which related to the Kentucky State Fair Board’s expansion plan. The chair explained that the resolution simply acknowledged receipt and approval of the plan so previously appropriated funds could be released. The resolution passed by roll call with no nay votes and was reported favorably to the floor.
The main discussion centered on House Bill 694, concerning the Kentucky Teachers Retirement System medical insurance fund and the 2010 “shared responsibility” agreement. The bill would redirect employer contributions from local districts from the health side to the pension side once the plan reaches 100% funded. The chair and Senator Givens argued the bill was a continuation of the state’s long-term commitment to TRS and taxpayer responsibility, while Senator Neal raised concerns about fairness, the timing of the change, and whether the original agreement and statutory trigger for TRS board recommendations had been honored. Testimony from KEA President Eddie Campbell and former Jefferson County Teachers Association president Brent McMahan supported the 2010 agreement but urged the committee to pause the bill, saying the parties should return to the table and that the current proposal could conflict with the original understanding, create actuarial and legal issues, and potentially affect school district finances and bond ratings. Despite those concerns, the committee voted 8-1 to pass House Bill 694 with favorable expression, with Senator Neal voting no and explaining his objection as a process and good-faith concern.
NM
New Mexico 2025 Regular Session
IC - Investments and Pensions Oversight Nov 5th, 2025
Investments & Pensions Oversight Committee
Transcript Highlights:
- Carrie McGovern with the Legislative Council Service.
- Ever came up relative to the solvency issues of the pension funds, and I would just encourage those legislators
- Pensions be 100 percent funded, but it's not a requirement for public pensions because there is always
- who receive pensions to be able to live off of those pensions.
- New Mexico has an excellent pension plan.
MN
Minnesota 2025-2026 Regular Session
Committee on Rules and Administration - 05/16/25
Rules and Administration
Transcript Highlights:
- As you know, the bulk of the pension work relates to any pension benefit improvements.
- I would like the pension as we can.
- given the pension targets to make<00:01:36.320><c> pension</c><00:01:36.720><c> benefit</c><00:01:37.040
- </c> outstanding pension commission chair. outstanding pension commission chair.
- </c><00:02:10.399><c> the</c> pension commission would approve the pension commission would approve the
Committee:
Senate Rules and Administration
TX
Texas 89th 2nd C.S.
Pensions, Investments & Financial Services Apr 23rd, 2025
Pensions, Investments & Financial Services
Transcript Highlights:
- As I'm sure you're aware, the city of Austin and Austin Fire Pension System previously had opposing pension
- Again, I want to emphasize that this pension fund is the best performing pension fund over a billion
- I don't have the technical pension.
- The purpose of this legislation is straightforward.
- I called the TRS pension office.
MN
Minnesota 2025-2026 Regular Session
Legislative Commission on Pensions and Retirement - 04/07/26
Minnesota Senate Floor Meeting
Transcript Highlights:
- [Music] >> Good evening, ladies and gentlemen, and welcome to the Legislative Commission on Pensions
- ,</c> their pension, they get a full pension, their pension, they get a full pension, but<00:08:39.640
- . legislation. legislation.
- I'm writing to request the Legislative Commission on Pensions and Retirement support Senate File 3828
- . legislation. legislation.
MN
Minnesota 2025-2026 Regular Session
Legislative Commission on Pensions and Retirement - 03/25/25
Minnesota Senate Floor Meeting
Transcript Highlights:
- The Legislative Commission on Pensions and Retirement will please come to order.
- Pension as state employees.
- </c> compared to police officer pensions. compared to police officer pensions.
- </c> is give them this pension. Thank you. is give them this pension. Thank you.
- </c> into the pension omnibus. Thank you, Mr. into the pension omnibus. Thank you, Mr.
MN
Minnesota 2025-2026 Regular Session
Senate Floor Session - Part 1 - 05/18/25
Minnesota Senate Floor Meeting
Transcript Highlights:
- I'd like to start by thanking the nonpartisan Legislative Commission on Pensions and Retirement staff
- We agreed to take it to the members of the Legislative Commission on Pensions and Retirement.
- Included in the bill before the body is an increase in benefits for legislative pensions. And, Mr.
- </c><00:48:24.000><c> for</c><00:48:24.319><c> legislators</c> increases the pensions for legislators
- Do we want to put legislative pensions ahead of Minnesota's teachers?
WA
Washington 2025-2026 Regular Session
House Floor Session Mar 12th, 2026
Washington House Floor Meeting
Transcript Highlights:
- This legislation works specifically on the restraint piece.
- But my bigger opposition and strong opposition to this bill is that pension funds are meant for pensioners
- And as I talked to the left-leaners and the many pensioners in our system, and we do have a great pension
- But we're taking this money, this surplus money, in this pension fund.
- Yes, I'm a LEOFF 2 member and I'm drawing my pension.
Summary:
The House was called to order, a quorum was confirmed, and members recited the Pledge of Allegiance and a prayer. The chamber approved the previous day’s minutes, held brief party caucuses, and received a Senate message announcing the signing of engrossed substitute House Bill 1187. The House then moved through third-reading business on several bills, concurring in Senate amendments before final passage votes.
Engrossed Substitute House Bill 1795, dealing with school restraint and isolation practices, drew the most debate. Supporters said the Senate changes added clarity and strengthened protections around restraint, while opponents argued schools and private providers serving high-need students need more training and funding before restrictions are tightened. The bill passed 58-37. Engrossed House Bill 1941, allowing small cannabis producers to form limited agricultural cooperatives, also passed after debate over whether cannabis should be treated as an agricultural product; it passed 69-26.
Engrossed Second Substitute House Bill 2034, concerning the use of surplus pension funds from the LEOFF 1 plan, generated extensive opposition from members who said pension money should remain for retirees and first responders and warned against using it to balance the budget. Supporters described the measure as a prudent fiscal step for an overfunded closed plan. It passed 50-46. House Bill 1526, which allows snack bar licensees to sell wine by the glass, passed 87-9, and Second Substitute House Bill 1701, allowing independently owned wineries and breweries to lease third-party kitchen space, passed 89-7. The House then went at ease.
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:
- The amount of our pension systems is growing.
- assumptions in our pension system?
- The Pension Funding Council contains two.
- Through the work of the actuary, the Pension Funding Council, and the Select Committee on Pension Policies
- Employer-provided pensions.
Committee:
Joint Select Committee on Pension Policy
NM
New Mexico 2025 Regular Session
IC - Investments and Pensions Oversight Oct 9th, 2025
Investments & Pensions Oversight Committee
Transcript Highlights:
- Welcome to our continuation of Investments and Pensions Oversight.
- Yesterday, we did introduce all of the legislators that were here, but we have another legislator joining
- to look at pension risk.
- I'm thinking about how, you know, all of these pension funds are being compared, and all of these pension
- That again is against other public pension plans.
WA
Washington 2025-2026 Regular Session
Senate Floor Session Mar 6th, 2026
Washington Senate Floor Meeting
Transcript Highlights:
- There will be no need to worry about not receiving their pension.
- And what we are doing is terminating and restating the LEOFF 1 pension plan.
- It is currently the most overfunded public pension plan in the country.
- But first of all, we just don't believe that it funds the pension funds.
- day. 9:30 a.m. on Monday, March 9th, the 57th legislative day.
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.
MN
Transcript Highlights:
- </c> that are covered by Minnesota pensions. that are covered by Minnesota pensions.
- </c> target for the pensions bill this year. target for the pensions bill this year.
- </c> Minnesota House, we don't have a pension Minnesota House, we don't have a pension plan.<00:10:46.920
- </c> Chair O'Driscoll has had to the Pensions Chair O'Driscoll has had to the Pensions Committee.<00:
- </c> that, you know, count on these pensions that, you know, count on these pensions and<00:16:09.440
Committee:
House Ways and Means
TX
Transcript Highlights:
- The legislation employs a similar model as approved legislation for the Austin Police Retirement Fund
- Key provisions of the legislation...
- had opposing pension bills this session.
- Together, we've designed a good pension bill.
- had opposing pension bills this session.
Bills:
HB135
Committee:
Senate Finance
Summary:
The Senate Finance Committee heard Senate Bill 2345, as a committee substitute, which would reform the Austin Firefighter Retirement Fund. Senator Schwertner explained that the bill is based on an agreed voluntary funding soundness restoration plan between the City of Austin and the fund, and would create a new reduced benefit tier for firefighters hired on or after January 1, 2026, adjust COLAs for current retirees, establish an actuarially determined funding model to address legacy liabilities and 2024 asset losses over 30 years, and add new board seats. Mayor Kirk Watson, city finance staff, the fund executive director, trustees, and retired firefighters all testified in support, describing the measure as an agreed-to, fiscally responsible compromise that protects benefits, supports recruitment, and reduces risk to taxpayers. The committee adopted the committee substitute, but left SB 2345 pending.
The committee also heard House Bill 135, which clarifies tax treatment for exotic game or exotic livestock operations by defining them within agricultural exemptions and stating that sales of exotic livestock are not subject to sales and use taxes. Senator Flores described it as a clarification to provide consistency and fairness, and a witness for the Exotic Wildlife Association said it would resolve a Comptroller-related tax issue and benefit ranchers, landowners, and hunters. The committee closed public testimony and reported HB 135 favorably to the full Senate, with a motion to place it on the local and uncontested calendar.
Senate Bill 771, by Senator Hinojosa, was also heard and later reported favorably. The bill would allow diesel fuel used in auxiliary power units or power takeoff units to qualify for the same fuel tax credit or refund already available for gasoline, correcting an inadvertent exclusion from the 2003 motor fuel tax rewrite. A witness supported the bill as a matter of tax equity. The committee then considered House Bill 1109, the House companion to SB 935, which exempts counties from certain motor fuel taxes on fuel used in county vehicles; Senator Hall explained it as simply exempting government agencies from paying the tax on their own vehicles. HB 1109 was reported favorably to the full Senate. The committee adjourned after completing its business.
MN
Minnesota 2025-2026 Regular Session
Committee on Rules and Administration - 05/07/26
Rules and Administration
Transcript Highlights:
- It is about pensions.
- Senator Pappas serves and a past year of the Pension Commission.
- It is about pensions. Um, Commission. It is about pensions.
- </c> a few things including legislative a few things including legislative appointment,<00:04:28.480>
- I see their pension benefit eroded.
Committee:
Senate Rules and Administration
WA
Washington 2025-2026 Regular Session
House Floor Session Mar 12th, 2026 at 10:30 am
Washington House Floor Meeting
Transcript Highlights:
- This legislation works specifically on the restraint piece.
- But my bigger opposition and strong opposition to this bill is that pension funds are meant for pensioners
- And as I talked to the left-leaners and the many pensioners in our system, and we do have a great pension
- But we're taking this money, this surplus money, in this pension fund.
- Yes, I'm a LEOFF 2 member and I'm drawing my pension.
Keywords:
behavioral health, emergency services, health insurance, provider access, mental health funding, premium assistance, funding, healthcare, subsidies, juice grapes, agriculture, commerce, state regulation, market access, fire safety, insurance incentives, best practices, community protection, voluntary measures, mortgage modification
MN
Minnesota 2025-2026 Regular Session
Legislative Commission on Pensions and Retirement - 03/11/25
Minnesota Senate Floor Meeting
Transcript Highlights:
- Welcome to the Legislative Commission on Pensions and Retirement. This meeting is called to order.
- Senator Carla Nelson. these pensions in my back in my in my these pensions in my back in my in my portfolio
- </c> actively involved um in the pensions actively involved um in the pensions here<00:04:16.120><c>
- </c> representative steer welcome to pensions representative steer welcome to pensions all<00:04:48.479
- so our board approaches is uh pension so our board approaches is uh the<01:14:55.679><c> legislative
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Public Service Jun 21st, 2026 at 01:00 pm
Joint Committee on Public Service
Transcript Highlights:
- Years ago, that represented... on the first $13,000 of a pension.
- Now, at one point, that covered about 70% of the value of a pension.
- We have seen an erosion in pension and benefits to the public sector.
- I'm one of those people that Max is mentioning with an adequate pension.
- We recognize later the value that pensions provide.
Committee:
Joint Joint Committee on Public Service
Summary:
The Joint Committee on Public Service heard testimony on a wide range of bills affecting public employees, retirees, and public safety personnel. Early testimony focused on House Bill 2859, which would make Massachusetts Department of Correction industrial instructors permanent civil service employees after years of provisional status, and House Bill 2995, which would reduce the Boston Fire Cadet Program service requirement from two years to one year. Supporters of the Boston fire cadet bill argued it would improve equity, expand opportunities for Boston residents, and help diversify the Boston Fire Department; committee members asked about the current makeup of academy classes and the effect of a hybrid model, and the Boston Police Patrolmen’s Association was described as neutral on a separate age-related police bill.
The committee also heard several proposals related to post-retirement earnings and civil service rules for police and fire retirees. Testimony supported bills including H. 2903 and H. 2966, which would loosen earnings limits for retired public safety workers returning to work, and related measures affecting civil service exemptions and professional services for retirement boards. Speakers argued the current limits are confusing, discourage experienced workers from filling needed municipal jobs, and can create safety issues on public works and construction sites. One witness from Worcester Police supported raising the police academy age limit from 32 to 39 to improve recruitment, especially in BIPOC communities, while Boston City Councilor Gabriela Coletta Zapata supported a separate bill to raise the Boston Police Academy age cap from 39 to 45.
A substantial portion of the hearing was devoted to H. 2812 and S. 1817, which would increase the pension COLA base from $13,000 to $18,000 and freeze certain retiree health insurance contribution rates, with additional testimony about capping out-of-pocket health costs for some retirees. Educators and union representatives said the current COLA structure has eroded pension value and leaves retirees struggling with rising costs, while one witness described long delays and confusion in navigating retiree health coverage. The committee took no substantive votes on the bills during the hearing and adjourned after hearing all testimony.
AZ
Transcript Highlights:
- So let me see: Tier 1 is the original pension system, and then we messed with the pension system, created
- , they can receive their pension, and that's what we're doing here, Mr.
- But when you look at the pension question as it relates to Tier 2 and Tier 3, literally the pension is
- The subject is should they receive their pension when they retire?
- So there's one thing I think that we need to note in pension reform.
Bills:
SB1046 , SB1317 , SB1376 , SB1416 , SB1448 , SB1471 , SB1493 , SB1498 , SB1502 , SB1504 , SB1538 , SB1544 , SB1550 , SB1579 , SB1581 , SB1584 , SB1624 , SB1673
Committee:
Senate Public Safety
Keywords:
telecommunications, broadband, internet infrastructure, critical infrastructure, cybersecurity, national security, foreign adversary, China, Chinese equipment, supply chain security, network equipment, microchips, Arizona Corporation Commission, telecommunications provider, communications infrastructure, Huawei, ZTE, state-owned enterprise, sanctions, infrastructure security