Video & Transcript : 'pension exclusion' :
Page 37 of 320
AZ
Transcript Highlights:
- This is about pension plans, and all these corporations contribute to the pension plans because of their
- Pensioners care about more than just the dollars in their pensions; they care about how the world...
- Shareholders and pensioners have other goals than just making more profits.
- If you're a shareholder in a pension plan, you can assign your vote...
- If you're a shareholder in a pension plan, you can assign your vote to a proxy.
MO
Missouri 2026 Regular Session
Elementary and Secondary Education Feb 25th, 2026
Elementary and Secondary Education
Transcript Highlights:
- It's a really high level of funding for any type of annuity-type pension system.
- This bill would allow them to draw their pension and continue working in a district.
- The one thing that I want to clarify here: you cannot pay into the pension system if you...
- Here, you cannot pay into the pension system if you are actually retired from that system.
- Just kept getting my pension. And so that's very common in the world when that happens.
Committee:
House Elementary and Secondary Education
CA
California 2025-2026 Regular Session
Assembly Higher Education Committee Apr 21st, 2026
Transcript Highlights:
- She was on the city council and receives a pension, but she wanted the free health care.
- You will also be eligible for a pension? No, there's no pension. No pension. Okay. Yeah.
- The CSU Chancellor and executive staff set the timeline for the search, have the exclusive right to conduct
Summary:
The Assembly Higher Education Committee heard several measures focused on community college baccalaureate programs and trustee compensation. AB 2528 would raise the maximum monthly compensation cap for community college district trustees, with the author and supporters arguing the change is permissive, long overdue, and needed to make service more accessible to working people and better reflect community diversity. CSEA took a tweener position, warning about optics and asking for longer public notice before any compensation increase, while some members raised concerns about taxpayer costs and benefits. The bill was discussed but no final vote is reflected in the transcript excerpt.
The committee then took up AB 2053, which would authorize Coast Community College District to offer a cybersecurity bachelor’s degree. Supporters said the bill addresses a workforce shortage, serves working adults and veterans, and includes an LAO evaluation and a sunset. CSU and its Academic Senate opposed the bill, arguing it duplicates existing CSU programs and could set a precedent for more one-off degrees. Members also raised questions about funding, Prop. 98, and whether the program would divert resources; the author said the district already has funding and that the bill is a narrow pilot. The committee voted to do pass and re-refer the bill to Appropriations, with several ayes and some no votes, and the roll left open for additional members.
AB 2301, a pilot allowing up to 10 community college districts to offer nursing bachelor’s degrees, drew broad support from nursing, labor, and community college groups who said California faces a severe nursing shortage and that community colleges offer a more affordable pathway for working and rural students. CSU and other opponents argued existing ADN-to-BSN pathways are more efficient and that the bill could worsen competition for limited clinical placements and faculty. Members questioned funding and Prop. 98 impacts; the Chancellor’s Office said the pilot would not require new state funding and would rely on existing mechanisms such as Strong Workforce and nursing infrastructure grants. The committee voted to do pass and re-refer AB 2301 to Appropriations, with the roll again left open. The transcript then began AB 2694, a broader workforce-responsive baccalaureate expansion bill intended to address duplication rules and create a more flexible process for community college bachelor’s degrees, but the discussion was not completed in the excerpt.
CA
California 2025-2026 Regular Session
Assembly Higher Education Committee Apr 21st, 2026
Higher Education
Transcript Highlights:
- She was on the city council and receives a pension, but she wanted the free health care.
- I think You will also be eligible for a pension? No, there's no pension. No pension. Okay.
- The CSU Chancellor and executive staff set the timeline for the search, have the exclusive right to conduct
Committee:
House Higher Education
CA
California 2025-2026 Regular Session
Assembly Floor Session Jan 29th, 2026
California House Floor Meeting
Transcript Highlights:
- It does not create pension holidays.
- 1439 is a good study bill that will assess the potential costs and impacts of prohibiting public pension
- Labor looks at these bills from the legislature telling the pension boards how they're supposed to invest
- So I urge you to simply send one message and one message alone to the pension board: try to maximize.
- .. ...message and one message alone to the pension board: try to maximize return on investment, try to
MO
Missouri 2026 Regular Session
Special Committee on Property Tax Reform Mar 5th, 2026 at 08:00 am
Special Committee on Property Tax Reform
Transcript Highlights:
- business completely, with the understanding and fully understanding that I want to put the blind pension
- And right now, the blind pension fund, it's stipulated that we, that they can get a half of percent to
- And if you do, that eliminates you from being able to receive this pension.
- billions of dollars into that pot, and I would contend that the 3,000 people who are drawing this pension
- billions of dollars into that pot, and I would contend that the 3,000 people who are drawing this pension
WA
Washington 2025-2026 Regular Session
Select Committee on Pension Policy Oct 21st, 2025
Select Committee on Pension Policy
Transcript Highlights:
- All right, the Select Committee on Pension Policy Executive Committee meeting is in order.
- , that bill wasn't, you know, stamped and sealed as an official bill from the Select Committee on Pension
- Policy, so we have some of... ...from the Select Committee on Pension Policy, so we have some options
- stuff like that, just so that it could be as an official recommendation of the Select Committee on Pension
- The language of a separate use of the money being referred to a pension funding group that I have no
Committee:
Joint Select Committee on Pension Policy
Summary:
The Select Committee on Pension Policy Executive Committee approved the September minutes and received updates on two court cases, Fowler and Dolan. Staff explained that Fowler concerns interest calculations for members who transferred from Plan 2 to Plan 3 before 2002; the Ninth Circuit has already found liability, and the remaining issue is damages, which could be significant depending on the expert-driven calculation. Dolan was described as quieter, with briefing completed at the Court of Appeals and oral argument possible later this year or early next year.
The committee also heard an actuarial update on the interim work plan, including planned informational briefings on month-of-death policy, a Plan 1 ad hoc COLA, and the OSA demographic experience study, which is still under external audit. Members asked whether updated fiscal notes had been prepared for two bills under study; staff said preliminary analysis had been done and full updates would come if the bills move forward. The committee then discussed how to handle the ad hoc COLA item and agreed to have staff draft a letter endorsing House Bill 1474 and any similar Senate bill for a one-year ad hoc COLA, to be brought back for full committee consideration in November.
Staff reviewed the draft November and December work plan. The committee adopted the November agenda, which includes annual updates from the State Investment Board and Retirement Systems, the left one study closeout, and the ad hoc COLA action item. Members also discussed whether excess compensation and 2026 session prep should be handled by email rather than in a meeting, with general agreement to move the session prep to electronic communication and possibly handle excess compensation as an informational item, depending on availability. Constituent correspondence included several messages on climate change and Plan 1 COLAs, including support for the merger bill and COLAs in general. Jacob White of the LEOFF 2 Board reported that the board had only held an educational briefing on excess compensation and overtime, found the data limited, and took no further action. The meeting ended with thanks to staff and an adjournment vote.
MN
Minnesota 2025-2026 Regular Session
House Energy Finance and Policy Committee 2/26/26
Energy Finance and Policy
Transcript Highlights:
- The work that the SBI does with $160 billion worth of pension portfolios is just as complicated as the
- It it occurs to me that as a uh as a state<00:15:09.519><c> pensioner</c><00:15:10.320><c> and</c><00
- and also an XL customer state pensioner and also an XL customer for<00:15:12.560><c> natural</c><00:
- managed my pension. $ 160 billion<00:15:30.000><c> dollar</c><00:15:31.120><c> uh</c><00:15:31.440><
- And then the second question is, you mentioned how your pension is well run.
Bills:
HF3298
Committee:
House Energy Finance and Policy
AZ
Transcript Highlights:
- I've actually run bills for the budget stabilization fund to pay off pension debt and other things that
- we're paying at 6, 7, 8 percent, depending on what pension plan it is, because we would save money.
- Some of the ones that I like, you know, the tax guy or the pension guy or the insurance guy, I take them
- This includes the senior deduction, a new deduction for withdrawals from retirement pensions.
- For withdrawals from retirement pensions.
WA
Transcript Highlights:
- All other state pension plans receive automatic COLAs.
- All other state pension plans receive automatic COLAs. We don't.
- Please use a small portion of that pension money to help bring equity to our majority women pension plan
- Plan 1 retirees tend to spend most, if not all, their pensions within the state.
- PERS and TRS 1 plans are the only state pension plans without an automatic COLA.
Committee:
House Appropriations
Keywords:
Working Connections Child Care, child care subsidy, subsidized child care, Washington DCYF, Department of Children, Youth, and Families, low-income families, child care providers, licensed child care centers, family child care, market rate survey, subsidy rates, income eligibility, state median income, SNAP, Basic Food, collective bargaining, provider reimbursement, daily payment, half-day care, partial-day care
MN
Transcript Highlights:
- School lunches or any other needed education funding out in a trade for the pensions we need.
- But no other pension fund is asked to do this.
- Representative Nadeau currently has a consideration that would be a 60-30 pension plan for teachers.
- Traditionally, we do not fund pensions within the education K-12 budget, so I don't think that'd be a
- I've heard from many on the pensions, and I understand that traditionally we may not have done things
Committee:
House Education Finance
HI
Hawaii 2025 Regular Session
House Chamber - Tue Feb 11, 2025, 12:00PM HST - Day 17
Hawaii House Floor Meeting
Transcript Highlights:
- it so our people only have to work about five years before they get a retirement that includes a pension
- I think that's a pretty low bar for getting a pension, so I think we should keep the bar high.
- c> I</c><00:20:04.159><c> think</c><00:20:04.360><c> that's</c><00:20:04.520><c> a</c> includes a pension
- I think that's a includes a pension I think that's a pretty<00:20:04.919><c> low</c><00:20:05.159><c
- </c><00:20:06.159><c> so</c> pretty low bar for getting a pension so pretty low bar for getting a pension
MN
Minnesota 2025-2026 Regular Session
Committee on Judiciary and Public Safety - 02/05/25
Judiciary and Public Safety
Transcript Highlights:
- or hiring new police officers, retention, overall job satisfaction, and retirement, which is our pensions
- With regard to retirement in our pension, in the PERA Police and Fire Pension, we currently have those
- </c> with regard to retirement in our pension with regard to retirement in our pension in<00:05:01.919
- </c><00:05:04.039><c> we</c> in the parap police and fire pension we in the parap police and fire pension
- As long as that's on your list here, I wanted to ask about the pension issue.
Committee:
Senate Judiciary and Public Safety
NM
Transcript Highlights:
- The employer pensions. That costs us $184 million a year.
- The employer pensions cost us $116 million a year, for a total of $1.6 billion over the last four years
- . $1.3 billion just in raises, the difference of another $300 million in health care benefits and pension
- In health care benefits and pension. So there's a lot of money spent on our state employees.
Committee:
Senate Senate Finance
Keywords:
corporate income tax, franchise tax, gross receipts tax, tax credit, tax deduction, controlled foreign corporation, CFC, bonus depreciation, interest expense, apportionment, unitary group, high-wage jobs tax credit, local journalism, news media, newspaper printer, physician incentive, health care workforce, affordable housing, multifamily housing, construction materials
NM
Transcript Highlights:
- The employer pensions... That costs us $184 million a year.
- The employer pensions cost us $116 million a year, for a total of $1.6 billion over the last four years
- . $1.3 billion just in raises, the difference of another $300 million in health care benefits and pension
- In health care benefits and pension. So there's a lot of money spent on our state employees.
Committee:
Senate House Appropriations & Finance
Summary:
The committee first corrected its action on Senate Bill 151, noting that the earlier motion had been made incorrectly after the committee substitute was amended. Members then moved to do not pass the Senate Finance Committee substitute and do pass the same committee substitute so it could be sent to the floor. The only change identified in the substitute was an adjustment to the sunset date. A roll call vote followed, with several members voting yes and a few voting no or being excused, and the motion to report the committee substitute out with a due pass recommendation carried.
After the SB 151 vote, the chair said the committee was essentially finished and expected to meet on the floor the next day, likely around noon, with a plan to come in earlier and handle a few more bills. The discussion then shifted to House Bill 2 and the broader issue of state employee compensation. One member argued that over the past several years the state had already provided substantial pay raises and benefits, citing roughly $1.3 billion in raises, about $184 million annually for health care costs, and $116 million annually for employer pension costs, for a total of about $1.6 billion over four years.
That member said the state had done enough on employee compensation and that a proposed 1% increase did not make sense given competing priorities such as child care and other needs. The committee then adjourned, and there was a brief question about when the university fund bill would be heard, but no firm timing was given.
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:
- House Bill 2848, sponsored by Representative Jessica Janito, an act aligning disability pensions for
- my request to allow my contributions to the MBTA retirement system to be transferred to the state pension
- Since my retirement, my disability pension has not been, has not kept pace with inflation, and...
- committee on public service in an effort to get special legislation passed that would increase my pension
- Please remember that my pension is based on what my earnings were in 1990.
Committee:
Joint Joint Committee on Public Service
Summary:
The Joint Committee on Public Service held its fifth hearing of the 194th General Court on disability, line-of-duty, and health presumption bills. Committee members noted the hearing was livestreamed and accepted written testimony through June 16, 2025. The first panel, including the Massachusetts Coalition of Police, strongly supported H.2845, which would require restoration of sick, vacation, or personal time used while an injured officer or firefighter awaits a Chapter 41, Section 11F determination if the injury is later found work-related. Testimony said the current process often forces injured personnel to litigate to recover accrued time, and members described the bill as a fairness measure with no fiscal cost. Committee members asked about prior consideration and municipal positions, and one member shared a personal experience with a similar loss of accrued time.
A second major panel from the Professional Firefighters of Massachusetts and sponsoring legislators supported several firefighter-related bills: H.2918/S.1792 on mandatory insurance coverage for firefighter cancer screenings; H.2962/S.1818 on Commonwealth fire department parity for military-base and Massport firefighters, including injury coverage and presumptions; and H.2860/S.1851 on maintaining physical examination records. Testimony emphasized the high cancer risk in the fire service, the importance of early detection, and the need to extend municipal-level protections to state and Massport firefighters. Committee members expressed strong support, discussed PFAS-related gear replacement and funding, and noted that similar bills have been before the committee for multiple sessions.
The committee also heard H.4147, a retirement-related bill for a MassDOT employee seeking to transfer approximately five years of MBTA retirement contributions into the state system as a service buyback. The bill was described as having been filed in 2017 and reported favorably last session, but it stalled in Senate Ways and Means. Finally, Howard Levine testified remotely in support of a correctional officer disability pension bill, describing severe injuries from a 1990 inmate assault, multiple surgeries, early retirement, and a request to increase his pension to reflect a current lieutenant’s salary. No votes were taken during the hearing, and the meeting adjourned after testimony concluded.
CA
California 2025-2026 Regular Session
Assembly Public Employment and Retirement Committee Mar 18th, 2026
Transcript Highlights:
- Let's be clear: when we protect pensions, we protect working families.
- may generally designate only a spouse or a registered domestic partner to receive ongoing survivor pension
- may generally designate only a spouse or a registered domestic partner to receive ongoing survivor pension
- Spouse or a registered domestic partner to receive ongoing survivor pension benefits.
- partners, adult children, or other dependents, cannot designate anyone to receive the continuing pension
Summary:
The Assembly Committee on Public Employment and Retirement heard several labor and retirement bills. AB 1582 by Assembly Member Ortega would make it an unfair labor practice for a higher education employer to disregard or delay arbitration decisions involving contracting out, with make-whole relief including attorney fees and costs. Supporters from AFSCME and other labor groups said UC has repeatedly ignored arbitration outcomes on outsourcing disputes, while UC opposed the bill as an overbroad change that could create systemwide operational and financial risk. The committee passed the bill on a do-pass basis to Appropriations.
AB 1818 by Assembly Member Ortega would repeal an outdated HEERA provision that CSU has used to reopen bargaining when it claims state funding is insufficient. Teamsters and other labor supporters argued CSU has used the provision to avoid honoring negotiated raises, while CSU said the bill would limit its ability to manage compensation responsibly when state funding is uncertain. The committee also passed AB 1818 to Appropriations.
AB 1564 by Assembly Member Arreguín would make communications between an employee and union representative confidential in public employment matters. Labor supporters said the measure would protect trust in the representational relationship and codify existing PERB case law, while school, local government, county, city, and business groups warned it could hinder workplace investigations, including those involving student safety and harassment. The bill passed 7-0 to Appropriations. AB 1844 by Assembly Member Pacheco, placed on the consent calendar, would update Judges’ Retirement System 2 to allow non-spouse beneficiaries for survivor benefits and to extend access to survivor options for vested judges; it was approved unanimously, 7-0. After all items were taken up, the committee adjourned.
MN
Transcript Highlights:
- We still anticipate hearing the capital investment and pension bills, but those, as you know, often come
- We still anticipate hearing the capital investment and pension bills, but those, as you know, often come
- We still anticipate hearing the capital investment and pension bills, but those, as you know, often come
- :45.520><c> capital</c><00:07:45.840><c> investment</c><00:07:46.240><c> and</c><00:07:46.479><c> pension
- </c> the capital investment and pension the capital investment and pension bills,<00:07:47.680><c> but
Bills:
SF1832
Committee:
Senate Finance
ID
Transcript Highlights:
- provides the surviving spouse or the dependents with children a one-time $500,000 stipend and an ongoing pension
- Also, the surviving spouse will receive a $75,000-a-year pension.
- Pension and the other part of the question, if you would ask it again.
- The objective is requiring the divestment of public pension dollars and university endowment funds from
- So have you talked to PERSI about this particular bill and the impacts it would have on the pension fund
Committee:
House Commerce and Human Resources
CA
Transcript Highlights:
- These workers earn their pensions.
- They deserve to know that their money, These workers earn their pensions.
- The public markets have historically been the way that public pension funds invested.
- But now the portfolios of many public pension funds, including the biggest, By public pension funds is
- The public markets have historically been the way that public pension funds invested.
Committee:
Senate Judiciary