Transcript Highlights:

• </c> under a a pension under a a pension that<00:14:52.560><c> it</c><00:14:52.800><c> wasn't</c><00:
• </c> and that that is in a pension system. and that that is in a pension system.
• So, good commandments of pensions there. So, good deal. deal. deal.
• I think we're well served, and the more we can educate on pensions.
• the state picks up the additional pension cost.

Summary: The committee heard testimony from Rep. Ashley Tacket Laferty on a bill to expand minimum hazardous-duty retirement and health benefits for certain public safety workers injured in the line of duty. She used a video and examples from Floyd County to describe officers and an emergency management director who were catastrophically injured but did not qualify for existing hazardous-duty coverage because their employers had enrolled them in non-hazardous retirement plans. The bill would provide a minimum benefit of 25% of pay, plus 10% for dependent children and limited health coverage, for eligible workers who cannot return to hazardous work. Laferty said the proposal would apply retroactively through a five-year window, estimated to affect a limited number of workers statewide, and would be funded by small increases in employer contribution rates. Committee members questioned how many former employees might qualify, how the bill interacts with the pension system, and who would pay the added cost. Discussion also noted that local governments choose whether to place employees in hazardous or non-hazardous coverage, largely based on cost. The sheriff’s association was present online in support, and no vote was taken. The committee then heard Rep. Daniel Gber present a revised bill allowing teachers and school district employees to use accumulated sick leave to observe religious holidays not already on the school calendar, if they provide a personal statement and sufficient advance notice. He said the measure is intended to address the rigid school calendar and the difficulty teachers face in observing non-school holidays without losing service credit toward retirement. He noted that the earlier version of the bill had allowed make-up work time, but the current draft is shorter and focused on sick leave use. He also referenced a supporting letter from a constituent who could not attend because of weather. The bill was presented for discussion only, with no committee action reported.

Transcript Highlights:

• This completely keeps the pension sound.
• The pensioners and the organization that are managing the pension system have certainly said that this
• An effect on the pension benefit or the quality of the pension or the defined benefit that the employee
• I am confident that the pension will be fine, and working with those that administer the pension, they
• Communication with the pension organization.

Bills: HB3257 , HB3176 , HB3544 , HB3619 , HB3546 , HB1782 , HB2293 , HB4358 , HB3081 , HB3983 , HB3790 , HJR1023 , HB4139 , HB3297 , HB3041 , HB3673 , HB4105 , HB3338 , HB3048 , SR33 , SCR21 , SCR20 , HB4030 , HB4031 , HB4032 , HB4034 , HB4036 , HB4037 , HB4038 , HB4040 , HB4041 , HB4042 , HB4043 , HB4045 , HB4046 , HB4047 , HB4048 , HB4044 , HB4050 , HB4051 , HB4052 , HB4053 , HB4054 , HB4056 , HB4057 , HB4071 , HB4065 , HB4067 , HB4072 , HB2992 , HB4338 , HB4170

Keywords: veterans, disability benefits, federal law, Oklahoma Statutes, military service, Oklahoma, Gas Hub, artificial intelligence, national laboratory, public-private partnerships, aerospace, high-performance computing, economic development, social AI companions, minors, emotional attachment, safety protocols, civil penalties, parental controls, geographic information

Transcript Highlights:

• liability and our pension liability.
• To make forward payments to pay down our unfunded pension liability.
• It's a little bit old, but unfunded pension liability stood at $40.5 But unfunded pension liability stood
• It's a little bit old, but unfunded pension liability stood at 40.5.
• But unfunded pension liability stood at $40.5 billion.

Transcript Highlights:

• California Department of Education*, in which it held that California's categorical exclusion of religious
• In which it held that California's categorical exclusion of religious schools from that non-public school
• And it's unfortunate they'll have to walk away from their pensions and their health care to do that.

Summary: The Assembly Education Committee heard a long slate of education bills, beginning with SB 685 on nonpublic schools for students with disabilities. Senator Cortese and the California Department of Education described the bill as a response to the Ninth Circuit’s Laughman decision, removing the obsolete “non-sectarian” requirement while preserving secular use of public funds, nondiscrimination protections, background checks, credentialing, and incident reporting. There was no opposition, and the bill later passed 7-0 to Appropriations. The committee also heard SB 1181, a pilot grant program for violence prevention, student wellness, and school safety in Central Valley and other schools. Supporters framed it as a prevention measure, while opponents from EFF, ACLU Cal Action, and community advocates warned it could increase law enforcement involvement, surveillance, and use of fusion centers; despite those concerns, it ultimately passed 5-0 to Appropriations. Members then considered SB 1067, which would create a statewide framework for annual K-2 math assessments starting in 2028-29 to identify students needing early intervention. The author and supporters argued California faces a serious math achievement crisis and that early assessment would help close gaps, while CTA and several educators and administrators sought additional clarity and amendments to ensure alignment with existing diagnostic practices and limits on high-stakes use. The bill drew broad support from educators, parents, and advocacy groups and passed 7-0 to Appropriations. SB 1107, a school shade-structure bill, would expand eligible shade projects and allow bundling through design-build to reduce costs; it received support from LAUSD, school boards, and climate-focused groups and passed 7-0. SB 1128, on take-home devices and screen time for kindergarteners, was presented as a modest first step to give families more flexibility and reduce early screen exposure, with support from early childhood advocates and no opposition, and it passed 7-0. The committee also approved SB 1048, creating a voluntary State Seal of Climate Literacy for students who complete climate coursework and hands-on projects. Supporters, including Ten Strands, students, teachers, and county offices, said it would recognize real-world climate learning and green career readiness; it passed 7-0. SB 1140, sponsored by CFT, would require LEA construction contractors to follow campus security provisions during school projects to reduce unauthorized access; it drew support from labor and gun violence prevention groups and passed 7-0. SB 930, requiring end-to-end encryption for proctoring companies handling K-12 exam data, was presented as a student privacy measure in response to cybersecurity risks and passed 6-0. Finally, SB 1083 was introduced by Senator Perez as a follow-up to last year’s Safe Learning Environments Act, with extensive committee amendments to refine the statewide misconduct data system, disclosure rules, contractor fingerprinting, and access requirements; the transcript cuts off before the bill’s full hearing and vote are shown.

Transcript Highlights:

• California Department of Education*, in which it held that California's categorical exclusion of religious
• In which it held that California's categorical exclusion of religious schools from that non-public school
• And it's unfortunate they'll have to walk away from their pensions and their health care to do that.

Committee: House Education

Transcript Highlights:

• The lack of transparency of financial information, the exclusion of owners in decision-making, and the
• Like many, including elected officials, I have received a state pension, which some might think is a
• thought it was just going to be a procedural thing that we would be granted a rent control provision exclusive

Committee: Joint Joint Committee on Housing

Summary: The Joint Committee on Housing held a hearing on a wide range of housing bills focused on manufactured housing, condominiums, public housing, tiny homes, and protections for elderly and disabled residents. Chairs Haggerty and Cyr opened by emphasizing the importance of these housing types and the need to hear from many speakers. Testimony on manufactured housing was especially extensive and sharply divided. Supporters of bills such as H. 1475, S. 990, and H. 1513 argued that out-of-state corporate owners are buying communities, raising rents and fees, reducing services, and exploiting legal gray areas. Residents and lawmakers from affected communities like Taunton, Middleborough, Attleboro, and Oak Point described steep rent disparities, fear of displacement, and the need for stronger protections, while Representative Hawkins urged an omnibus approach and said the bill would create a local board to ensure compliance with existing law. Opponents, including the Massachusetts Manufactured Housing Association and Hometown America’s counsel, argued that current law already provides protections, that the bills would create uncertainty or unfairly restrict owners, and that H. 1475 was intended to clarify the post-Blake legal landscape. The committee also heard testimony on condominium reform through S. 980, with owners describing lack of transparency, surprise assessments, and limited accountability, and urging updates to Chapter 183A and more owner rights. Public housing bills also drew support from housing authority advocates. MassNAHRO backed S. 955, H. 1517, H. 1512, H. 1550, and H. 1551, saying housing authorities need more flexibility to preserve and expand affordable housing. Witnesses supported tax relief for replacement public housing units and streamlined procurement rules, arguing these changes would help projects move faster and make better use of capital funds. Committee members asked questions about PILOT agreements, tax treatment of new developments, and whether state and federal public housing would be treated similarly. The committee also heard from Senator Lovely and advocates for S. 1007/H. 1525, which would prevent and respond to bullying of elderly and disabled residents in housing. Supporters described the bills as a long-needed response to harassment in senior and public housing, calling for building-level plans, staff training, and AG oversight; Jerry Halberstadt said the measure should be strengthened with enforcement and tenant advocacy support. Pamela and other witnesses described severe personal impacts from bullying and management retaliation. Another major topic was S. 1474/H. 1474 on movable tiny houses as permanent dwellings and accessory dwelling units. Supporters, including Representative DeCoste, Vera Struck, Kaylee DeCrease, and Abundant Housing Massachusetts, said tiny homes are a safe, affordable, sustainable option for seniors, workers, and others facing the housing shortage, and urged the committee to legalize them and align state rules with emerging standards. They also discussed tax classification and the need for a clear building code and DMV category. Finally, H. 1476 on pet-friendly elderly housing drew support from animal welfare groups, who said the bill would restore and modernize a prior pet program, expand access across state-aided housing, limit pet deposits, and reduce pet surrender caused by housing barriers. No votes were taken during the hearing; the committee primarily received testimony and questions on the bills.

Transcript Highlights:

• As I sit on the Select Committee for Pension Policy with some of my colleagues, like the gentleman from
• Many of my hospitals don't currently utilize ARNPs and PAs exclusively, but they recognize that there
• Many of my hospitals don't currently utilize ARNPs and PAs exclusively, but they recognize that there

Bills: HB1160 , HB1289 , HB1339 , HB1798 , HB1065 , HB2113 , HB2124 , HB2125 , HB2134 , HB2140 , HB2185 , HB2191 , HB2205 , HB2219 , HB2245 , HB2283 , HB2343 , HB2406 , HB2501 , HB2574 , HB1544 , HB1834 , HB2156 , HB2188 , HB2206 , HB2478 , HJM4012 , HB1104 , HB1152 , HB1254 , HB1443 , HB1982 , HB2006 , HB2179 , HB2203 , HB2297 , HB2322 , HB2329 , HB2379 , HB2388 , HB2399 , HB2462 , HB2464 , HB2495 , HB2544 , HB2551 , HB2636 , HB2192 , HB2251 , HB2262 , HB2266 , HB2298 , HB2320 , HB2323 , HB2351 , HB2401 , HB2405 , HB2442 , HB2523 , HB2593 , HB2632 , HB2661 , HB1496 , HB1898 , HB2095 , HB2157 , HB2225 , HB2274 , HB2311 , HB2325 , HB2333 , HB2476 , HB2508 , HB2552 , HB1343 , HB1634 , HB1707 , HB1906 , HB1909 , HB2196 , HB2244 , HB2339 , HB2361 , HB2384 , HB2389 , HB2410 , HB2468 , HB2475 , HB2521 , HB2548 , HB2619 , HB2637 , HB2720

Summary: The House first took up House Bill 2156, which would expand the Attorney General’s investigative authority, especially for organized retail crime and related economic and financial crimes. Members debated a series of amendments on training standards, background checks, warrant service, scope limits, and definitions. Some amendments were adopted, including provisions clarifying electronic service of search warrants, background-check expectations, decertification standards, and a definition of economic and financial crimes; others were rejected or ruled out of scope. The bill was then amended, advanced, and passed 54-43. The House then considered several other measures. Engrossed Substitute House Bill 2219 on child care operational efficiency passed overwhelmingly after amendments addressing opioid-related safety standards in licensed child care settings. House Bill 2124, adjusting the lump-sum retirement allowance threshold, passed unanimously. Engrossed Substitute House Bill 2266, dealing with permanent supportive housing, traditional housing, and indoor emergency shelters, was amended to add local notice, transparency, community meeting, and siting protections, then passed 56-40. The chamber also passed Engrossed Second Substitute House Bill 1784, which updates certified medical assistant supervision rules for diagnostic radiologic procedures, by 96-0. Engrossed Second Substitute House Bill 2523, codifying the Community Reinvestment Program, passed 88-9 after amendments adding accountability and local-government provisions. House Bill 2113, clarifying supervision authority for diagnostic radiologic procedures in rural hospitals, passed 97-0. House Bill 2632, modernizing statutory terminology by replacing “alien” with “non-citizen,” passed 58-39. Engrossed Substitute House Bill 2476, expanding theater seating rules for venues serving alcohol, passed 81-50. The House then began House Bill 2320 on regulating firearms manufacturing involving 3D printing and CNC milling; several narrowing amendments were rejected, a striking amendment was adopted, and debate continued with supporters citing ghost-gun risks and opponents raising constitutional concerns.

Transcript Highlights:

• And on top of, you know, raiding the rainy day account, I mean, we're raiding a pension fund.
• Well, I would say that using pension funds to balance the budget is a poor use of pension funds and,
• , we’re going to use money that’s in your pension system to balance our desires, I think is a slap in
• the face to the hardworking folks that are in the pension system.
• in many, care of everybody when the state is failing to take care of its own pensioners in many ways

Summary: House and Senate Republican leaders held a media availability focused on the final stretch of the legislative session, with most of the discussion centered on budget proposals, a proposed income tax on high earners, and several policy bills they oppose. They criticized the operating budget for relying on a new income tax, using one-time fund sweeps and pension-related financing, and drawing down the rainy day fund, while saying the capital budget was more bipartisan and the transportation budget had some positive emphasis on road preservation but still included concerns such as Public Works Trust Fund sweeps and ferry funding. A major topic was allegations that sign-ins on the income tax bill included duplicates or fraudulent entries. Republicans said they took the issue seriously, supported verification improvements, and argued that even after removing duplicates the bill still drew over 100,000 unique emails opposing it. They rejected claims that their side had manipulated the process and said the Legislature should fix the sign-in system, possibly with more IT safeguards, while also arguing the bill should lose its emergency clause so voters could weigh in through a referendum. Republicans also criticized bills they described as anti-police or anti-law-enforcement, including measures related to face coverings and sheriff qualifications, and they opposed a bill requiring arbitration before claims against the state or local governments can go to jury trial, saying broader tort reform is needed instead. They said the state’s liability problems stem from harm done in areas like juvenile rehabilitation and child welfare. On the budget side, they objected to cuts to Medicaid, child care, transitional kindergarten, rural school funding, and other programs, while also warning against using pension funds to balance the budget and against a proposed 75-year Sound Transit bond, which they called financially irresponsible. No votes were taken in this media availability.

Transcript Highlights:

• In addition, we've always got the Voluntary Firefighters' Pension Plan, the higher ed supplemental retirement
• Pension system here, which I think everyone understands.
• And it's my sense that those concerns need to be shared with us, the pension or our investment folks,
• These are annual meetings from key partner agencies kind of in the pension space, one from the Office
• We don’t fund our pension systems at 50% overfunding.

Committee: Joint Select Committee on Pension Policy

Summary: The committee approved the May minutes by roll call vote and then received brief updates from the Attorney General’s office and the Office of the State Actuary. The AG’s office said it would handle legal analysis related to the committee’s work, while the actuary reported that staff were at capacity this summer due to annual valuation work, experience studies, and other retirement system projects, but would have more capacity in the fall. Members also requested access to fiscal note and actuarial materials related to the LEOFF 1 study and related legislation. The main discussion focused on the LEOFF 1 study, including actuarial funding, a proposed merger/termination/restatement approach, and the possibility of a permanent COLA for Plan 1 members. Several members supported keeping COLA recommendations in the committee’s work, while others raised concerns about whether merging or restating plans could affect benefits, legal status, or IRS tax treatment. The actuary explained that the temporary pause in certain funding rates reflected prior overfunding buffers and assumptions about future investment returns, and said future base-rate funding could still be needed depending on experience. Members also discussed constituent correspondence, which staff said largely fell into four categories: the LEOFF 1 study, Plan 1 benefits and COLAs, fossil fuel divestment, and ESSB 5357. The committee agreed that divestment concerns are more appropriately directed to the State Investment Board, not this committee. In reviewing the draft interim work plan, members added or adjusted several topics for future meetings, including a July educational briefing on LEOFF 1 history and tax/IRS issues, a September discussion of COLAs, and a December placeholder for excess compensation/pension spiking, pending coordination with the LEOFF 2 Board. The committee then approved the July agenda and adjourned.

Transcript Highlights:

• A lot of other pensions, if you retire early, it’s reduced because of the longer time period.
• They do an example of someone who retires at the age of 60 and it’s a $50,000 pension.
• </c><00:27:50.399><c> by</c><00:27:50.600><c> 10%</c> we can reduce your pension by 10% we can reduce
• your pension by 10% because<00:27:51.640><c> you're</c><00:27:51.840><c> getting</c><00:27:52.200><c
• Usually you get a flat pension.

Summary: The subcommittee met on House Bill 637, which was described as a measure to make whole certain New Hampshire Retirement System retirees who were not included when Senate Bill 57 was incorporated into the 2023 budget. The chair and several members reviewed the bill’s legislative history and fiscal impact, citing estimates that the broader change would cost about $1.4 million to the state and $5.74 million to municipalities, with an actuarial liability increase of about $45 million. The chair argued that the omission of already-retired members was not an oversight but a policy choice made in the Senate, based on the bill’s prospective language and the budget process used in 2023. Testimony and discussion focused on whether the bill should be treated as a fairness correction or as an expensive policy expansion. Supporters, including retirees and representatives of employee groups, said the language was unclear, the fiscal note did not match the bill’s effect, and the change would unfairly leave out actual retirees who had expected the same treatment as active members. They also argued that the retirement system historically linked benefits to Social Security and that the bill would restore equity for those affected. Opponents emphasized the cost, the prospective nature of the original language, and the view that the Senate knowingly chose not to extend the change retroactively. After discussion, the chair moved to recommend the bill inexpedient to legislate, and the motion was seconded. Members then heard brief public comments after the motion was withdrawn and reintroduced because of the weather and the public’s travel. At the final vote, the subcommittee recommended inexpedient to legislate on a 3-2 vote, with the chair noting that the full committee would take up other bills at a later subcommittee hearing.

Transcript Highlights:

• </c><00:10:07.720><c> have</c> um, those pension benefits have um, those pension benefits have increased
• They're they're uh, pension promises?
• </c> of the pension plan. of the pension plan. &gt;&gt; Okay. &gt;&gt; Okay. &gt;&gt; Okay.
• </c> unfunded liabilities of of pension unfunded liabilities of of pension plans.<00:45:05.359><c> So
• </c> nobody knew anything about pensions. nobody knew anything about pensions.

Summary: The meeting began with roll call, confirmation of a quorum, and approval of the prior minutes. The main presentation was from KPPA officials Ryan Barrow and Erin Saratt on the annual actuarial valuations for the retirement and insurance systems. They said the systems’ funding status improved overall, with three of five insurance funds fully funded, CERS hazardous dropping from over 100% funded to 90.9% because of premium changes, and KRS receiving $650 million in supplemental funding over the biennium. They also reported strong investment returns above assumed rates, higher payroll and membership counts, and resulting actuarial losses tied to higher salaries and premiums, especially on the insurance side. Members asked several questions about what drove the actuarial losses and whether legislation affected them. KPPA said the CERS insurance loss was driven by premium increases and Senate Bill 10, while the pension-side losses were largely due to higher payroll and benefits for Tier 1 and Tier 2 members. They explained that new Tier 3 employees are designed to add no additional unfunded liability, and that the state administers the systems but does not directly control all hiring. Questions also focused on retiree health premiums, which KPPA said rose about 15% for non-Medicare retirees and 38% for Medicare retirees, with the increase attributed to utilization, prescription costs, and the Inflation Reduction Act. The committee then heard from TRS Deputy Executive Secretary and General Counsel Beau Barnes on the 2025 TRS actuarial valuation. He reported that the Retirement Annuity Trust and Health Insurance Trust both received full funding, the retirement trust’s funded ratio improved to 61%, TRS 4 remains well funded with no liability, and the health insurance trust improved to 89.1%. Barnes said TRS is on track to fully fund legacy liabilities within the amortization period, with 2044 as the point when the system reflects 100% funding and 2046 as the last year needing additional dollars for the legacy liability. He also explained that lower assumed investment returns and updated mortality assumptions increased liabilities, but that TRS uses direct rate smoothing for budgeting purposes. At the end of the meeting, the chair circulated a proposed set of “do’s and don’ts of pensions,” emphasizing that future legislation should not create unfunded liabilities. Barnes also noted he would later discuss several legislative proposals for the 2026 session, but the transcript provided ends before that discussion or any votes on those proposals.

Transcript Highlights:

• This completely keeps the pension sound.
• The pensioners and the organization that are managing the pension system have certainly said that this
• So it's not going to have an effect on the pension benefit or the quality of the pension or the defined
• I am confident that the pension will be fine and working.
• pension, they believe it's going to be fine too.

Bills: HB3257 , HB3176 , HB3544 , HB3619 , HB3546 , HB1782 , HB2293 , HB4358 , HB3081 , HB3983 , HB3790 , HJR1023 , HB4139 , HB3297 , HB3041 , HB3673 , HB4105 , HB3338 , HB3048 , SR33 , SCR21 , SCR20 , HB4030 , HB4031 , HB4032 , HB4034 , HB4036 , HB4037 , HB4038 , HB4040 , HB4041 , HB4042 , HB4043 , HB4045 , HB4046 , HB4047 , HB4048 , HB4044 , HB4050 , HB4051 , HB4052 , HB4053 , HB4054 , HB4056 , HB4057 , HB4071 , HB4065 , HB4067 , HB4072 , HB2992 , HB4338 , HB4170

Summary: The Senate opened with roll call, prayer, and several gallery introductions recognizing guests and honorees, including the Medford Cardinals football team for their academic and athletic success, Guthrie Day, the Oscar J. Upham post office designation, the OKC Spark professional softball team, the Elks organization, and the YMCA’s 175th anniversary. Senators also welcomed a new intern and acknowledged Senator Carl McDowell’s return to the chamber. Most of the early floor time was devoted to ceremonial citations and concurrent resolutions, all of which were adopted without recorded opposition. The chamber then moved through a series of Joint Committee Reports and third-reading votes on appropriations and related measures. HB 4031 reauthorized $41 million for previously approved ODAA projects and passed 36-8, declared an emergency. HB 4032 redirected industry fees to the Department of Mines and passed 34-11, emergency. HB 4034 appropriated $142,137 for salary increases for certified shorthand reporters and passed 45-0, emergency. HB 4036 transferred $5 million from the Film and Oklahoma revolving fund to a new sitcom-related revolving fund and passed 30-15. HB 4037 raised the Ethics Commission Fund retention cap from $150,000 to $250,000 and passed 45-0, emergency. Several transportation, health, and public safety measures also advanced. HB 4038 moved $5 million for the eight-year road plan and additional project funding, passing 28-17 and then as an emergency measure after vote changes. HB 4040 set up cash-flow funds for the State Department of Health’s $223 million federal award and passed 45-0, emergency. HB 4041 appropriated $2.25 million to the Attorney General, including $2 million for a trafficking victim pilot program and $250,000 for a public safety technology fund, and passed as an emergency. HB 4042 appropriated $500,000 for the Commerce census revolving fund and passed 35-9. HB 4043 transferred $1 million to Emergency Management for Oklahoma Task Force 1 and passed 44-0, emergency. The most extended debate centered on HB 4045 and HB 4046, which expanded and funded the Military Readiness, Innovation, Education, and Aviation program. Supporters said the measures would help military bases, schools, infrastructure, simulation training, and defense-related economic development; critics questioned the broad language, lack of detail, and whether the projects fit a broader strategy. HB 4045 passed 37-7 and HB 4046 passed 39-7, both as emergency measures. HB 4047 funded Commerce projects including housing for aged-out foster youth, the State Fair, a university upgrade, and a COG-related economic development request; it passed 30-16 and then 40-6 as an emergency. HB 4048 appropriated $13 million for transportation infrastructure, drew criticism for bypassing the eight-year plan, and passed 36-10 before being declared an emergency. Finally, HB 4030, the Education Budget Limits Bill, was explained in detail, including $43.75 million for the Strong Readers formula, $5 million for literacy coaches, and $5 million for a charter school revolving loan fund; after questions about bonds, charter schools, and the revolving fund, it passed 39-5 and was declared an emergency measure.

Transcript Highlights:

• fund because that’s ultimately what the pension fund exists for, right?
• It wasn’t our pension systems.
• We actually have fiduciary statutes already in our pension system that came with pension reform.
• It wasn’t our pension systems.
• We actually have fiduciary statutes already in our pension system that came with pension reform.

Committee: Senate Senate Finance Committee of Reference

Summary: The committee approved the February 2, 2026 minutes and held Senate Bill 1090. It then took up SB 1503, which would require pension fiduciaries and proxy advisory firms to base voting and advice solely on economic interests, prohibit ESG or ideological considerations except in limited circumstances, and authorize attorney general enforcement. The sponsor said the bill was meant to protect investors and align with federal action; supporters argued proxy advisors lack transparency and can influence votes against shareholders’ financial interests. Arizona retirement system representatives said they were neutral but warned the bill would add major operational costs, create reporting burdens, increase litigation risk, and could narrow the market for proxy advisory services. The committee passed SB 1503 on a 4-3 vote. The committee then considered SB 1293, which would bar GPLET abatements from applying to school-district revenue during the eight-year abatement period. Supporters said the bill would protect school funding and reduce the state aid backfill tied to GPLET projects, while opponents from Phoenix, Mesa, and economic development groups said GPLET is a key redevelopment tool that helps finance downtown and blighted-area projects and that the bill would weaken future investment. The committee adopted the amendment and passed SB 1293 on a 4-3 vote. It also heard and passed SB 1414, which gives insurers 30 days to review and respond to third-party settlement demands; insurers supported the bill as a reasonable commercial timeframe, while trial lawyers opposed it as too slow and urged a 15-day standard, with members indicating they expected a possible friendly amendment. Next, the committee heard SB 1633, which would create an Arizona income tax subtraction for capital gains from the sale of a primary residence, after five years of occupancy. Opponents argued it would mainly benefit wealthy homeowners and could cost the state tens of millions annually, while the sponsor said it could help homeowners move without facing large tax bills and improve housing turnover. The committee passed the bill 4-2. It also adopted an amendment to SB 1429, which would have expanded Arizona Commerce Authority board ex officio membership, then held the bill for further consideration. Finally, the committee passed SB 1536, allowing temporary consolidation of street light improvement districts, and heard SB 1724, which clarifies when property splits or consolidations trigger limited property value recalculation, with county assessors supporting the measure as an anti-gaming reform.

Transcript Highlights:

• we also have been working closely with the Attorney General's office to look how it may affect our pension
• we also have been working closely with the Attorney General's office to look how it may affect our pension
• </c><00:02:37.760><c> and</c><00:02:38.000><c> ERS</c> may affect our our pension and ERS may affect
• our our pension and ERS system.<00:02:38.800><c> So,</c><00:02:39.120><c> thank</c><00:02:39.360><c>
• </c> see that exclusion be removed. see that exclusion be removed.

Bills: SB2024 , SB896 , SB2613 , SB494 , SB2391 , SB2125 , SB2614 , SB2615 , SB3262 , SB3325 , SB3118

Committee: Senate Education

Transcript Highlights:

• </c> for things like education or pensions. for things like education or pensions.
• I think the biggest legacy from my standpoint is what she's done to pensions.
• I think the biggest legacy from my standpoint is what she's done to pensions.
• I think the biggest legacy from my standpoint is what she's done to pensions.
• I think the biggest legacy from my standpoint is what she's done to pensions.

Transcript Highlights:

• The opportunity to buy into a pension system at no cost to any of the pension providers.
• I make, in my pension, 72% of what my income was in 2009.
• The gap with the earnings is you cannot use separation of the pension versus the amount for us.
• Separation of the pension versus the amount that was paid to the job to retire.
• I've always been working as an attorney representing public pension funds.

Committee: Joint Joint Committee on Public Service

Summary: The Joint Committee on Public Service held its third hearing of the 194th General Court session, taking testimony on several individual bills and home rule petitions, mostly involving retirement and pension-related relief. The committee chair outlined hearing procedures, including three-minute limits for individuals, ten-minute limits for panels, livestreaming, and the deadline for written testimony. At the end of the hearing, the chair noted that House matters heard that day must be reported by Friday, July 11, 2025, subject to extensions, and the committee adjourned after testimony concluded. Several witnesses supported bills seeking retirement credit or pension adjustments for public employees. These included H. 2917 for Dedham-Westwood Water District employees seeking pension buy-in credit; H. 2976 for Eileen Mullen to purchase creditable service for teaching in a criminal justice pilot program; H. 2996 for Virginia Cummings, a retired Department of Correction lieutenant seeking greater pension parity; H. 2977 for Wendy Lopieri to buy back part-time community college service; and H. 2989 for Wayne Taylor, who said he was mistakenly credited for fewer years of select board service than he expected. Testimony emphasized long public service, injuries, and what witnesses described as unfair denials or flawed interpretations of retirement law. The committee also heard testimony on bills involving post-retirement earnings and disability-related relief. Kevin Blanchett testified in opposition to H. 2931, arguing it would improperly reduce money owed to a regional retirement system and its members, while the bill’s sponsor argued the retirement board was seeking an excessive recovery based on law firm gross earnings rather than the individual’s earnings. Jamie Magarian described severe injuries from a 2018 crash and urged favorable action on his bill, with support from the State Police Association. Michael Palmer testified in favor of S. 1841, seeking to extend prior violent-crime retirement income-cap relief to his case after being shot on duty and later finding that even part-time private-sector work exceeded his retirement earnings limit.

Transcript Highlights:

• So, like whether it be pensions or other things.
• starting to invest in some form of digital assets as a pension.
• So, like, I mean, we have pensions, right?
• And I don't know for sure about specific pensions, but what you're seeing nationally is certain pension
• Well, look, everything in a pension has a form of risk, everything, okay?

Bills: HB165 , HB603 , SB77 , SB140 , SB185

Committee: House Civil Law and Procedure

Keywords: HB165, lottery proceeds, Lottery Proceeds Fund, Veterans Service Grant Fund, constitutional amendment, veterans, military veterans, veterans' benefits, veterans services, family support, state lottery, education funding, Minimum Foundation Program, problem gambling, compulsive gaming, state treasurer, ballot proposition, constitutional referendum, lottery revenue, Louisiana resident veterans

Transcript Highlights:

• And my concern has been the whole time, how big of a hit is that to the pension fund?
• And my concern has been the whole time, how big of a hit is that to the pension fund?
• It's a relatively small hit, but I'm also extremely cautious when it comes to these pension funds and
• The goal of this bill is to protect our pension funds, base the funds, is to protect our pension funds
• There is one—the police pension fund—has dropped down temporarily for a little while.

Bills: SB1415 , SB1714 , SB1962 , SB26 , SB172

Committee: Senate Retirement and Government Resources

Summary: The Committee on Retirement and Government Resources heard several bills dealing with state employment, purchasing, and retirement policy. Senate Bill 1415, by Senator Brooks, would prohibit nondisclosure agreements when a state employee resigns or is terminated, with exceptions for statutorily protected confidentiality such as physician or attorney privilege. Members questioned how the bill would interact with whistleblower protections and sensitive information, but the bill passed 6-1. The committee then considered Senate Bill 1714, by Senator Jett, which would expand an existing state employee suggestion/incentive program to encourage agencies to identify cost savings and efficiencies, require agencies to review recommendations in good faith, and report back on accepted or rejected ideas. Members raised concerns about open meetings, employee notification, written documentation of suggestions, and possible disputes over the value of savings. The author agreed to work on amendments, the title was struck, and the bill passed as amended 5-2. Senate Bill 1962, by Senator Bullard, would move certain purchasing exemptions out of statute and into the administrative rules process so exemptions must be periodically renewed and justified. Supporters said this would reduce personality-driven exemptions and improve oversight, while concerns were raised about ongoing needs and emergency situations. The bill passed unanimously 7-0. The committee also passed Senate Bill 26, which would allow retired teachers to return to work after a 90-day break with a salary set by local districts and a 3% contribution back to the retirement system, and Senate Bill 172, which would tie cost-of-living adjustments for pension systems to funding benchmarks and a rolling average, rather than legislative discretion; both bills passed, with SB 26 passing 7-0 and SB 172 passing 6-1. The chair noted the committee expected at least one more meeting and hoped to finish the following week.

Transcript Highlights:

• I'm new to the area of pensions. We'll never be with you. My name is Keith Adams.
• I'm new to the area of pensions.
• So we can study obviously the outcomes in terms of what they're receiving in terms of pension.
• And then in July, that should prep you to make a right recommendation to the Pension Funding Council.
• And then looking ahead to September, we'll provide you an update on what exactly the Pension Funding

Committee: Joint Select Committee on Pension Policy

Transcript Highlights:

• And on top of, you know, raiding the rainy day account, I mean, we're raiding a pension fund.
• Well, I would say that using pension funds to balance the budget is a poor use...
• Pension funds to balance the budget is a poor use of pension funds and, as Representative Couture mentioned
• And so to say to pensioners we're going to use money that's in your pension system to balance our desires
• in many, care of everybody when the state is failing to take care of its own pensioners in many ways

Summary: House and Senate Republican leaders held a media availability focused on the final stretch of the legislative session, with repeated criticism of Democratic budget proposals and several policy bills. They said they were especially concerned about an environmental crimes bill they argued would impose excessive penalties for workplace mistakes, as well as bills they described as anti-law-enforcement, including measures related to police face coverings and sheriff qualifications. They also discussed a proposed income tax, calling it unconstitutional and urging that it be sent to referendum if it advances. A major topic was the operating, transportation, and capital budgets. Republicans said the operating budget relies on one-time fund sweeps, raids the rainy day fund and pension assets, and assumes future income-tax revenue while cutting Medicaid, child care, schools, and other services. They said the transportation budget has some positive emphasis on road preservation but criticized ferry funding and the proposed sweep of the Public Works Trust. On the capital budget, they were less specific and described it as generally bipartisan. The lawmakers also addressed reports of fraudulent or duplicate sign-ins on the income-tax bill, saying any abuse should be investigated but that many duplicate entries may have been accidental rather than malicious. They said the system should be improved with better verification, but maintained that more than 100,000 unique people had signed in opposition. Other issues discussed included opposition to using pension funds to balance the budget, criticism of a Sound Transit proposal for 75-year bonds, concerns about a bill requiring arbitration before lawsuits against the state or local governments, and objections to child care budget changes they said would hurt rural and property-poor communities without broader regulatory reform.