Video & Transcript Research : 'retirement offset'
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WA
Washington 2025-2026 Regular Session
State Rep. Shaun Scott Press Conference Dec 2nd, 2025
Transcript Highlights:
- emergency clause to make sure that we're mitigating the impacts that have already taken effect and to offset
- emergency clause to make sure that we're mitigating the impacts that have already taken effect and to offset
- cuts to child care, additional cuts to higher education, additional cuts to the pension plans of retired
Summary:
The meeting was a press conference and Q&A led by Rep. Shaun Scott to promote the proposed Well Washington Fund, a new dedicated account intended to raise about $3 billion annually through a corporate payroll tax on wages above $125,000. Scott said the bill would help offset expected federal cuts under Trump-era policies and support programs most at risk, including cash assistance, higher education, health care, housing, and wildfire mitigation. He also referenced two related proposals: restoring wildfire mitigation funding by ending a tax break for large banks, and allowing counties to raise corporate taxes.
Several advocates and affected residents testified in support of progressive revenue. Michelle Thomas of the Washington Low Income Housing Alliance warned that federal homelessness policy changes and state underinvestment could worsen homelessness and evictions. Christina Savitsky, a disabled veteran, described how Medicaid, food assistance, and work requirements would affect her family. Representatives from the University of Washington AAUP said federal cuts and Medicaid changes threaten teaching, research, workforce training, and hospital finances. Fatima Boxwala of Tech for Taxes and Mikey Stramskis of the Washington Federation of State Employees argued that large corporations and the wealthy should pay more to sustain public services and address understaffing, burnout, and service backlogs.
In the Q&A, Scott said the bill may need an emergency clause to make it referendum-proof and argued that the legislature has a mandate to act, citing the 2024 capital gains tax referendum and the state’s regressive tax system. He acknowledged concerns about businesses leaving but said he was more concerned about working people being displaced by unaffordable housing, child care, and health care. No vote or formal committee action occurred; the event was a call for a hearing in the House Finance Committee in 2026 and for legislative passage in both chambers.
CA
California 2025-2026 Regular Session
Assembly Revenue and Taxation Committee Jun 23rd, 2025
Transcript Highlights:
- And as someone who's getting closer to retirement, we're really...
- We think we do, and as someone who's getting closer to retirement, we're really starting to look at this
- SB 785 would establish a $5,000 tax credit to help offset the costs associated with durable medical equipment
Summary:
The Assembly Revenue and Taxation Committee met after several delays while waiting for the Senate to finish its floor session, and the chair announced the committee would begin once a quorum was established. The committee then heard a series of tax-related bills, with most measures being held for suspense except SB 87, which was voted out. The chair also welcomed newly appointed committee member Assembly Member Juan Carrillo.
SB 359 would clarify that county-run transit systems qualify for existing sales and use tax exemptions on transit fuels such as diesel and compressed natural gas. Senator Nilo and Placer County testified that the bill would correct an inequity affecting counties operating their own transit services, especially rural counties, and would not create a new state revenue loss because the tax had not been consistently collected. Support came from the California Transit Association and the California State Association of Counties; the bill was sent to suspense.
SB 603 would allow county boards of supervisors in disaster-affected counties to extend by up to three years the five-year deadline for transferring a property tax base-year value to replacement property. The author and supporters, including the California Assessors Association and the California Association of Realtors, said the measure would give local governments flexibility to address post-disaster rebuilding delays. SB 293 would extend the deadline for filing intergenerational property transfer claims from six months to three years for disaster-impacted homeowners, with testimony focused on helping families in Altadena and preserving generational homes after the Eaton Fire; the committee discussed possible refinements and the bill was held in suspense. SB 353 would extend the farm-to-food-bank tax credit through 2032, with support emphasizing food security, waste reduction, and the program’s documented results; it too was sent to suspense.
SB 723 would raise the threshold for property tax exemptions on low-value properties, with the author arguing it would reduce administrative costs and ease burdens on small businesses, and the committee asked for technical work before the bill was held in suspense. SB 785 would create a $5,000 tax credit for durable medical equipment used by children with complex medical conditions, with supporters saying it could prevent hospitalizations and help families keep medically fragile children at home; it was also sent to suspense. SB 87, which would extend the sales tax exemption for volunteer fire department fundraising activities for five more years, passed the committee on a 5-0 vote and was sent to the Assembly Appropriations Committee.
TX
Transcript Highlights:
- history of attempts to limit special education enrollment and funding, as well as instituting a funding offset
- Linda is a retired educator and administrator who serves as an educational advocate for families across
- I am a retired administrator, and I currently serve as an advocate for families across the state. ...
Keywords:
special education, funding gap, dyslexia, House Bill 2, Senate Bill 568, House Bill 3928, disability penalty
Summary:
The meeting primarily focused on special education funding, with significant discussions around House Bill 2 (HB2), Senate Bill 568 (SB568), and House Bill 3928 (HB3928). Key speakers advocated for increased funding to close the estimated $1.7 billion annual gap that affects special education in Texas public schools. Several witnesses, including educators and students affected by dyslexia, provided personal testimonies about the impact of insufficient funding and the disability penalty, which penalizes schools financially for identifying students needing special education services. The committee demonstrated a strong commitment to advocate for changes that would improve special education resources and training for teachers, thereby ensuring that all Texas children receive the educational support they need to thrive.
FL
Florida 2026 5th Special Session
Education Pre-K - 12 Nov 4th, 2025
Transcript Highlights:
- They allow for booster club contributions to help offset the money that coaches can make.
- My wife convinced me that that was a great move for me after I retired.
- Currently, other states allow their booster clubs to help offset the cost that school districts face
- He's retired now. Carl Weaver is like a dad to me.
Summary:
The Education Pre-K through 12 Committee heard a presentation from Florida High School Athletic Association Executive Director Craig Damon, joined by student athletes Sydney Daniel and Taylor White. The students spoke about the value of education-based athletics, leadership, and the need for safe, equitable opportunities. Damon then discussed FHSAA issues including rising sportsmanship problems, ejections, violent incidents, recruiting allegations, transfers, mental health pressures on student athletes, and the need for qualified coaches. He said the association tries to be proactive, work with schools on discipline, and emphasize that school changes should be for academic reasons rather than athletics. Senators asked about mental health, transfer rules, and a recent Jacksonville incident; Damon explained the current transfer exceptions and said the association lacked authority over the Jacksonville football game because the schools were not in FHSAA football.
The committee then heard a panel on high school coaches’ compensation led by Florida Coaches Coalition Executive Director Dr. Andrew Ramgett, with Coach Mike Hickman, Coach Charlie Ward, and superintendents from Okaloosa and Walton counties. Ramgett argued that coaching supplements are outdated, have not kept pace with the expanding year-round demands of coaching, and amount to very low hourly pay in many sports. He also said Florida’s restrictions on booster club funding and minimal certification requirements contribute to turnover and difficulty retaining qualified coaches. Hickman and Ward described coaching as a demanding, year-round profession that affects students beyond athletics, including academics and mental health. The superintendents said they value coaches but must balance compensation against limited district funds and other staffing needs; one noted Walton County uses a dedicated administrative lane for football coaching and athletic administration. Senators discussed whether booster club funding should be allowed, whether compensation should be tied to performance, and whether any increase in base student allocation would actually reach coaches. Public commenters, including Florida Athletic Coaches Association Executive Director Shelton Cruz and former coach Tyrone McGriff, urged support for coaches and emphasized their broader impact on students’ lives and school safety.
At the end of the meeting, the committee took up confirmation hearings for appointments on tabs 3 through 6 and, with no appearance forms filed, voted unanimously to recommend confirmation. Senator Burgess then moved to adjourn, and the committee concluded the meeting.
FL
Florida 2025 Regular Session
October 8, 2025 - 01:00 PM
Transcript Highlights:
- One day I might retire. I have a retirement plan to start at age 90.
- value is, and then we're going to take that for mobility fee credit and then use those credits to offset
- value is, and then we're going to take that for mobility fee credit, and then use those credits to offset
Summary:
The Intergovernmental Affairs Subcommittee met for its first meeting of the 2026 session and took up impact fees, with an opening overview from Eric Poole of the Florida Association of Counties. Poole explained that impact fees are one-time charges on new development used only for new infrastructure capacity, not existing deficiencies or maintenance, and must satisfy the dual rational nexus test. He traced their history in Florida and described how comprehensive plans, concurrency, and later mobility fees relate to local infrastructure funding. He argued that impact fees are restricted, tied to capital improvements, and are one tool for paying for growth.
Panelists representing counties, cities, builders, and community developers largely agreed that growth creates real infrastructure costs but differed on how those costs should be allocated. County and city representatives said impact fees are a necessary, targeted way to fund roads, water, sewer, fire, schools, and parks without spreading costs across all taxpayers. They pointed to long periods without fee updates, rising construction costs, and examples of large increases justified by studies. Builder and developer representatives argued that fees are often unpredictable, can be doubled or tripled, and contribute to housing affordability problems; they also said the system can be inconsistent across jurisdictions and may encourage sprawl. Several witnesses emphasized that fees must be transparent, proportional, and tied to actual benefits, and some suggested a statewide framework or mobility-fee model with more consistency and peer review.
Members asked about how long local governments can hold fee revenue, whether fees can generate profit, what they can be spent on, and whether they can pay for police stations, fire stations, or other public safety facilities. Witnesses said the funds must be used for capital projects and cannot be used for salaries or unrelated purchases, and that refunds may be required if money is not spent within the local ordinance’s timeframe. The discussion also covered examples of local fee increases, the use of impact fees versus direct construction or “pipelining” of infrastructure, and concerns about level-of-service changes and extraordinary-circumstance increases. No votes were taken; the meeting ended after the panel discussion and member questions, with the chair noting the conversation would continue.
VT
Vermont 2025-2026 Regular Session
Senate Session - 2026-03-20 - 11:00AM
Vermont Senate Floor Meeting
Transcript Highlights:
- when the frustration is so great, when the sense that you cannot possibly be making enough impact to offset
- year because of factors outside of a district's control due to the variability in what's called offsetting
- Offsetting revenues are things like special education block grants, federal grants, impact fees, legal
- You raise a very important point that I didn't speak to in the floor report: that the offsetting revenues
- So the offsetting revenues were more impactful with the allowable spending growth cap construct.
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Subcommittee No. 2 on Resources, Environmental Protection and Energy Apr 16th, 2026
Transcript Highlights:
- So we set our reimbursement to offset our costs and just keep that solvent.”
- So we set our reimbursement to offset our costs and just keep that solvent.” “Wonderful.
- I noticed in the briefing material that it says that the augmentation would help offset a declining number
- they're not salaried employees over the course of the year, which reduces the increased liability on retirement
- Funding would help offset the cost of vegetation removal and defensible space work for residents unable
Summary:
The subcommittee heard overviews and budget proposals from the California Conservation Corps (CCC) and Cal Fire, with no votes taken and all items held open for a future hearing. On the CCC side, Director J.P. Patton highlighted the program’s 50th anniversary, its role in conservation, disaster response, and workforce development, and described proposals for the Greenwood Residential Center, a seven-day wildfire readiness schedule for Cal Fire hand crews, deferred maintenance, vehicle replacement, and Proposition 4 funding for local corps and tribal workforce projects. Members praised the program and asked about funding sources, recruitment, retention, follow-up with alumni, and the use of fee-for-service reimbursements; the LAO suggested the Legislature consider lower-cost alternatives for some proposals, including fewer new corps members or delaying Greenwood’s opening.
Discussion then focused on Cal Fire’s wildfire readiness and staffing. Cal Fire officials described the need to align CCC hand crews with Cal Fire’s year-round fire operations, noting staffing gaps in the current model and the decline in incarcerated hand crews, which they attributed to broader criminal justice reforms and eligibility changes. Members asked about the role of goats and other grazing animals in fuel reduction, and staff said grazing can help with prevention but cannot replace hand crews for suppression. Cal Fire also presented its department overview, emphasizing its expanded workforce, year-round operations, use of technology, partnerships with federal and local agencies, and concerns about federal reorganization and reimbursement for work on federal lands.
The committee also heard proposals to make defensible space inspections permanent and to increase fixed-wing pilot and mechanic contracts. Cal Fire said permanent staffing is needed to maintain roughly 250,000 annual defensible space inspections and meet AB 38 and future Zone Zero-related workload, while the LAO suggested possible modifications such as more GGRF support, a reinstated SRA fee, or one-time funding. On aviation, Cal Fire said year-round fire conditions and a larger, more complex fleet require more pilots and mechanics, and the LAO supported the proposal as addressing near-term health and safety needs. Members questioned contract costs, the value of owning versus contracting aircraft services, and how effective aircraft are in extreme wind conditions; Cal Fire said aircraft are highly effective in initial attack but limited when winds and fire behavior are severe. No actions were taken on any item.
NH
New Hampshire 2025 Regular Session
House Ways and Means (02/12/2025)
Transcript Highlights:
- I am a retired state representative from Farmington, New Hampshire.
- Campbell I am a retired State Rep from Campbell I am a retired State Rep from Farmington<00:16:09.720
- energy and retirement expenses in addition<03:15:03.319>
to <03:15:03.560>their <03:15: - for uh for teachers there are retirement for uh for teachers there are all<03:31:11.760>
kinds - their local property taxes right offset their local property taxes right this<04:20:41.279>
is
Summary:
The committee opened a public hearing on HB 402, a bill dealing with whether Education Freedom Account (EFA) payments should be described in state law as not constituting taxable income. The bill sponsor argued that the current statute is misleading because New Hampshire should not imply a federal tax result, and said the bill would remove that language and could also be amended to clarify that families should consult tax advisors. He emphasized that the measure was not intended to impose a state tax on EFAs, but to avoid giving inaccurate advice about possible federal tax liability.
Testimony was divided. A retired representative and a tax preparer both opposed the bill, saying EFA payments are already treated consistently with IRS rules and that the bill would create confusion, administrative burden, and possible tax consequences for low- and moderate-income families. They argued the bill is a solution in search of a problem and warned that requiring 1099s could add costs for the scholarship organization and recipients. A tax attorney supported the bill’s repeal of the state language, saying New Hampshire should not put tax advice into statute and that the current wording is inaccurate because federal law, not state law, controls taxability. He cited IRS Section 117 and Publication 970, explaining that only some scholarship-like payments are tax-free and that many EFA-eligible expenses may not qualify for federal exemption.
Members asked questions about what would be misleading, whether the bill was trying to tax EFAs, and the cost of issuing 1099s. The sponsor and witnesses repeatedly said the bill was not a state tax on voucher payments, but a clarification about federal tax treatment. No vote or final committee action was taken in the portion provided.
FL
Florida 2026 5th Special Session
Education Pre-K - 12 Jan 20th, 2026
Transcript Highlights:
- You know, I hope that there's things that we could potentially work on to help offset the costs for teachers
- First, as the daughter of a retired Navy veteran.
- Third, as the spouse of a retired Navy veteran.
- The daughter of a retired Navy veteran.
- Third, as the spouse of a retired Navy veteran.
Summary:
The Senate Education Pre-K through 12 Committee met with a quorum and considered several education-related bills. SB 1036 on school counselors was amended with a technical clarification and reported favorably. SB 1136 on dental screenings for K-12 students was converted by delete-all amendment to place the screening definition in the School Health Services Act and align notice and parent-exemption procedures; it also passed favorably, with support noted from PTA and other witnesses. SB 920 on mathematics education was reported favorably after discussion of applied algebra courses tied to career pathways, while preserving Algebra I standards, the end-of-course exam, graduation requirements, and university admission eligibility. SB 1216 on public school personnel compensation, which would give districts more flexibility on pay, cost-of-living adjustments, and advanced degrees, also passed favorably with broad support from educators and former school board members.
The committee then approved SPB 7022, which reenacts and extends a public records exemption for classroom examination and assessment instruments through 2031 and expands coverage to district school boards and public schools. SB 464 on observance of Veterans Day in K-12 schools was reported favorably after extensive debate about whether schools should be closed or could instead hold Veterans Day programs; supporters emphasized statewide consistency and honoring veterans, while some members raised scheduling and instructional-day concerns. SB 538 on physical education and extracurricular participation was amended to establish standardized eligibility rules for public, private, virtual, and home education students, limit duplicate participation across schools, require annual participation in the Presidential Youth Fitness Program, and leave coach compensation to district discretion; it was then reported favorably.
SB 178 on athletics and public K-12 schools was amended to add a $15,000 annual cap on coach personal spending per team and was reported favorably after discussion about good-faith support for student-athletes, recruiting concerns, and the need for guardrails. A temporary postponement was announced for SB 430 on the oath of school personnel. At the end of the meeting, Senator Osgood recorded a favorable vote on SB 1036, and the committee adjourned without further business.
NM
New Mexico 2025 Regular Session
IC - Investments and Pensions Oversight Jul 18th, 2025
Investments & Pensions Oversight Committee
Transcript Highlights:
- Looks like the Educational Retirement Board is here this morning, Mr.
- -11-55, which spells out the purpose of the Educational Retirement Act.
- Education Retirement Board employer.
- It's a very simple Representation of any retirement fund.
- So those are the folks, again, that retire.
NH
New Hampshire 2025 Regular Session
House Finance Division I (03/19/2025)
Transcript Highlights:
- when you terminate service but are not old enough to retire, when you get to that age you can retire
- a retirement uh benefits perspective. a retirement uh benefits perspective.
- I'm a retired police officer. I've been retired for four or five years.
- we have no obligation on retired health. we have no obligation on retired health.
- they get retired health from the state. they get retired health from the state.
Summary:
The committee reviewed a handout comparing House Bill 2 to current retirement law and walked through the bill section by section with staff from the retirement system. The discussion focused on vesting, earnable compensation, average final compensation, compensation-over-base limits, special duty pay, normal retirement age, re-retirement, and maximum benefit rules for Group 2/Tier B members. Staff explained that some provisions would restore pre-2011 rules, including counting certain end-of-career payments such as unused sick and vacation time in earnable compensation and reducing the AFC averaging period from five years back to three. They also described how the bill would eliminate the current cap on compensation over base, which mainly affects overtime, and noted that the actuarial cost of the AFC-related changes is interrelated rather than easily broken out by feature.
A separate discussion covered the special duty pay limitation, which currently applies to Tier A and would be removed under the governor’s bill for both Tier A and Tier B members after their vested buy date. Staff said the actuary estimated that removing the special duty limitation would increase costs by about $13.9 million. Members also asked about the practical difference between overtime and special duty, with staff explaining that special duty generally involves work for a private third party, often police detail work, while overtime depends more on staffing and scheduling. The committee also reviewed the normal retirement age changes for Tier B and the possibility that some members would need to work longer to reach the new vested buy date.
Members raised concerns about an ambiguity in the bill that could allow already-retired Tier B members to return to work, then re-retire and claim the higher benefits, or allow vested deferred members to stop working and wait for the new vested buy date. Staff said the governor’s office did not intend to allow that result and requested clarifying language, noting that the bill as drafted does not expressly prohibit it. The committee also discussed part-time and seasonal work after retirement, with staff explaining that such work generally does not restore membership unless the person takes a full-time position requiring enrollment. Finally, the committee reviewed the maximum benefit provisions and noted that HB 2 in the current year does not change the maximum benefit date or include the 1.5% annual escalator that had been part of the 2023 proposal, making the current bill more costly than the earlier version.
TX
Bills:
SJR37, SJR57, SCR8, SB8, SB108, SB125, SB251, SB318, SB378, SB379, SB396, SB472, SB487, SB503, SB533, SB565, SB583, SB608, SB650, SB686, SB689, SB707, SB710, SB763, SB854, SB875, SB916, SB924, SB925, SB958, SB961, SB965, SB987, SB988, SB1006, SB1019, SB1021, SB1024, SB1026, SB1038, SB1146, SB1185, SB1194, SB1202, SB1252, SB1253, SB1330, SB1343, SB1362, SB1497, SB1498, SB1499, SB1527, SB1547, SB1596, SB1697, SJR36, SJR12, SJR57, SJR37, SCR22, SCR12, SCR8, SB925, SB1362, SB565, SB765, SB62, SB666, SB707, SB888, SB687, SB847, SB1248, SB504, SB857, SB305, SB296, SB284, SB1497, SB1499, SB1498, SB241, SB304, SB621, SB1023, SB1024, SB686, SB371, SB204, SB609, SB670, SB850, SB854, SB413, SB1346, SB1033, SB1220, SB1073, SB810, SB1539, SB447, SB875, SB406, SB985, SB965, SB1119, SB1505, SB1194, SB1253, SB1215, SB1302, SB856, SB583, SB673, SB681, SB1172, SB1252, SB378, SB608, SB955, SB957, SB988, SB1019, SB1021, SB1120, SB251, SB541, SB379, SB1737, SB266, SB1415, SB1527, SB125, SB599, SB1330, SB53, SB916, SB1352, SB785, SB710, SB472, SB1450, SB1502, SB1566, SB414, SB1062, SB961, SB1038, SB578, SB711, SB746, SB942, SB1404, SB1448, SB1738, SB108, SB8, SB318, SB507, SB533, SB689, SB1026, SB1349, SB1355, SB1433, SB1434, SB1596, SB1403, SB1146, SB763, SB667, SB1059, SB617, SB1567, SB503, SB16, SB310, SB311, SB396, SB505, SB1209, SB1210, SB1470, SB264, SB924, SB1029, SB1185, SB1202, SB1358, SB1364, SB1569, SB1697, SB1376, SB1228, SB519, SB878, SB1350, SB462, SB1535, SB827, SB1585, SB207, SB1207, SB1619, SB1396, SB920, SB1484, SB1273, SB1741, SB7, SB927, SB1227, SB1229, SB1353, SB1366, SB1464, SB1709, SB1729, SB1733, SB1744, SB1772, SB1816, SB1841, SB2188, SB1147, SB879, SB1008
Keywords:
voter ID, citizenship, election integrity, constitutional amendment, voting rights, central bank digital currency, CBDC, Federal Reserve, digital dollar, digital currency, cashless payments, financial privacy, cybersecurity, government surveillance, financial surveillance, money laundering, terrorism financing, illicit finance, banking policy, monetary policy
TX
Texas 89th Regular
Press Conference: Senator Sarah Eckhardt Mar 26th, 2025
Texas Senate Floor Meeting
Bills:
SJR57, SCR8, SB8, SB14, SB24, SB108, SB112, SB125, SB213, SB251, SB315, SB318, SB371, SB378, SB379, SB472, SB487, SB502, SB513, SB565, SB621, SB650, SB689, SB707, SB710, SB761, SB763, SB815, SB854, SB875, SB896, SB916, SB925, SB958, SB961, SB965, SB973, SB987, SB990, SB995, SB1006, SB1018, SB1019, SB1024, SB1026, SB1146, SB1194, SB1198, SB1253, SB1330, SB1343, SB1362, SB1379, SB1497, SB1498, SB1527, SB1532, SB1547, SB1596, SJR36, SJR12, SJR57, SCR22, SCR12, SCR8, SB565, SB765, SB62, SB666, SB707, SB888, SB687, SB847, SB1248, SB14, SB1006, SB504, SB925, SB995, SB857, SB305, SB296, SB284, SB815, SB1379, SB1497, SB1499, SB1498, SB241, SB304, SB621, SB1023, SB1024, SB686, SB112, SB371, SB204, SB609, SB670, SB502, SB850, SB854, SB413, SB1362, SB1346, SB1033, SB1220, SB1073, SB810, SB987, SB1539, SB447, SB875, SB406, SB985, SB965, SB1119, SB1505, SB24, SB1194, SB1253, SB1215, SB1532, SB1302, SB856, SB650, SB583, SB673, SB213, SB681, SB1172, SB1252, SB378, SB1343, SB608, SB487, SB955, SB957, SB988, SB990, SB1019, SB1021, SB1120, SB251, SB958, SB761, SB541, SB315, SB379, SB1018, SB1737, SB266, SB1415, SB1527, SB125, SB599, SB1330, SB53, SB916, SB896, SB1352, SB973, SB785, SB710, SB472, SB1450, SB1502, SB1566, SB414, SB1062, SB1547, SB961, SB1038, SB513, SB578, SB711, SB746, SB942, SB1404, SB1448, SB1738, SB108, SB8, SB318, SB507, SB533, SB689, SB1026, SB1349, SB1355, SB1433, SB1434, SB1596, SB1403, SB1198, SB1146, SB763, SB667, SB1059, SB617, SB1567, SB503, SJR37, SB16, SB310, SB311, SB396, SB505, SB1209, SB1210, SB1470, SB264, SB924, SB1029, SB1185, SB1202, SB1358, SB1364, SB1569, SB1697, SB1376, SB1228, SB519, SB878, SB1350, SB462, SB1535, SB827, SB1585, SB207, SB1207, SB1619, SB1396, SB920, SB1484, SB1273, SB1741
Keywords:
central bank digital currency, CBDC, Federal Reserve, digital dollar, digital currency, cashless payments, financial privacy, cybersecurity, government surveillance, financial surveillance, money laundering, terrorism financing, illicit finance, banking policy, monetary policy, payments system, commercial banks, Texas Legislature, concurrent resolution, federal reserve digital currency
TX
Transcript Highlights:
- It would have worked out. the retired teachers.
- and enhancement of the teacher retirement. system.
- You're you're retired now, my sister, Robin.
- What an honor it is today to stand up and welcome our retired teachers, not for the Texas Retired Teachers
- So my wife is a retired teacher. My mother-in-law, before she passed was a retired teacher.
Bills:
SJR57, SCR8, SB8, SB14, SB24, SB108, SB112, SB125, SB213, SB251, SB315, SB318, SB371, SB378, SB379, SB472, SB487, SB502, SB513, SB565, SB621, SB650, SB689, SB707, SB710, SB761, SB763, SB815, SB854, SB875, SB896, SB916, SB925, SB958, SB961, SB965, SB973, SB987, SB990, SB995, SB1006, SB1018, SB1019, SB1024, SB1026, SB1146, SB1194, SB1198, SB1253, SB1330, SB1343, SB1362, SB1379, SB1497, SB1498, SB1527, SB1532, SB1547, SB1596, SJR36, SJR12, SJR57, SCR22, SCR12, SCR8, SB565, SB765, SB62, SB666, SB707, SB888, SB687, SB847, SB1248, SB14, SB1006, SB504, SB925, SB995, SB857, SB305, SB296, SB284, SB815, SB1379, SB1497, SB1499, SB1498, SB241, SB304, SB621, SB1023, SB1024, SB686, SB112, SB371, SB204, SB609, SB670, SB502, SB850, SB854, SB413, SB1362, SB1346, SB1033, SB1220, SB1073, SB810, SB987, SB1539, SB447, SB875, SB406, SB985, SB965, SB1119, SB1505, SB24, SB1194, SB1253, SB1215, SB1532, SB1302, SB856, SB650, SB583, SB673, SB213, SB681, SB1172, SB1252, SB378, SB1343, SB608, SB487, SB955, SB957, SB988, SB990, SB1019, SB1021, SB1120, SB251, SB958, SB761, SB541, SB315, SB379, SB1018, SB1737, SB266, SB1415, SB1527, SB125, SB599, SB1330, SB53, SB916, SB896, SB1352, SB973, SB785, SB710, SB472, SB1450, SB1502, SB1566, SB414, SB1062, SB1547, SB961, SB1038, SB513, SB578, SB711, SB746, SB942, SB1404, SB1448, SB1738, SB108, SB8, SB318, SB507, SB533, SB689, SB1026, SB1349, SB1355, SB1433, SB1434, SB1596, SB1403, SB1198, SB1146, SB763, SB667, SB1059, SB617, SB1567, SB503, SJR37, SB16, SB310, SB311, SB396, SB505, SB1209, SB1210, SB1470, SB264, SB924, SB1029, SB1185, SB1202, SB1358, SB1364, SB1569, SB1697, SB1376, SB1228, SB519, SB878, SB1350, SB462, SB1535, SB827, SB1585, SB207, SB1207, SB1619, SB1396, SB920, SB1484, SB1273, SB1741
Keywords:
central bank digital currency, CBDC, Federal Reserve, digital dollar, digital currency, cashless payments, financial privacy, cybersecurity, government surveillance, financial surveillance, money laundering, terrorism financing, illicit finance, banking policy, monetary policy, payments system, commercial banks, Texas Legislature, concurrent resolution, federal reserve digital currency
TX
Bills:
SJR57, SCR8, SB8, SB14, SB24, SB108, SB112, SB125, SB213, SB251, SB315, SB318, SB371, SB378, SB379, SB472, SB487, SB502, SB513, SB565, SB621, SB650, SB689, SB707, SB710, SB761, SB763, SB815, SB854, SB875, SB896, SB916, SB925, SB958, SB961, SB965, SB973, SB987, SB990, SB995, SB1006, SB1018, SB1019, SB1024, SB1026, SB1146, SB1194, SB1198, SB1253, SB1330, SB1343, SB1362, SB1379, SB1497, SB1498, SB1527, SB1532, SB1547, SB1596, SJR36, SJR12, SJR57, SCR22, SCR12, SCR8, SB565, SB765, SB62, SB666, SB707, SB888, SB687, SB847, SB1248, SB14, SB1006, SB504, SB925, SB995, SB857, SB305, SB296, SB284, SB815, SB1379, SB1497, SB1499, SB1498, SB241, SB304, SB621, SB1023, SB1024, SB686, SB112, SB371, SB204, SB609, SB670, SB502, SB850, SB854, SB413, SB1362, SB1346, SB1033, SB1220, SB1073, SB810, SB987, SB1539, SB447, SB875, SB406, SB985, SB965, SB1119, SB1505, SB24, SB1194, SB1253, SB1215, SB1532, SB1302, SB856, SB650, SB583, SB673, SB213, SB681, SB1172, SB1252, SB378, SB1343, SB608, SB487, SB955, SB957, SB988, SB990, SB1019, SB1021, SB1120, SB251, SB958, SB761, SB541, SB315, SB379, SB1018, SB1737, SB266, SB1415, SB1527, SB125, SB599, SB1330, SB53, SB916, SB896, SB1352, SB973, SB785, SB710, SB472, SB1450, SB1502, SB1566, SB414, SB1062, SB1547, SB961, SB1038, SB513, SB578, SB711, SB746, SB942, SB1404, SB1448, SB1738, SB108, SB8, SB318, SB507, SB533, SB689, SB1026, SB1349, SB1355, SB1433, SB1434, SB1596, SB1403, SB1198, SB1146, SB763, SB667, SB1059, SB617, SB1567, SB503, SJR37, SB16, SB310, SB311, SB396, SB505, SB1209, SB1210, SB1470, SB264, SB924, SB1029, SB1185, SB1202, SB1358, SB1364, SB1569, SB1697, SB1376, SB1228, SB519, SB878, SB1350, SB462, SB1535, SB827, SB1585, SB207, SB1207, SB1619, SB1396, SB920, SB1484, SB1273, SB1741
Keywords:
central bank digital currency, CBDC, Federal Reserve, digital dollar, digital currency, cashless payments, financial privacy, cybersecurity, government surveillance, financial surveillance, money laundering, terrorism financing, illicit finance, banking policy, monetary policy, payments system, commercial banks, Texas Legislature, concurrent resolution, federal reserve digital currency
TX
Bills:
SJR18, SCR9, SCR13, SB10, SB14, SB19, SB263, SB412, SB441, SB523, SB569, SB687, SB688, SB707, SB766, SB914, SB971, SB1006, SB1066, SJR36, SJR18, SCR9, SCR13, SCR25, SB565, SB372, SB495, SB842, SB971, SB1066, SB765, SB523, SB62, SB19, SB18, SB666, SB688, SB707, SB888, SB687, SB706, SB847, SB290, SB766, SB11, SB10, SB13, SB263, SB412, SB441, SB569, SB914, SB1248, SB740, SB14, SB1006, SB504, SB917, SB925, SB388, SB1902, SB1121, SB995, SB857, SB305, SB296, SB284, SB35, SB6, SB815, SB3, SB1281, SB1379, SB1300, SB1497, SB1499, SB1498, SB1451, SB263, SB523, SB569, SB688, SB766, SB914, SB971, SB1066, SR215, SR245, SR247, SR258, SCR9, SJR56, SJR63, SJR64, SJR69, SJR70, SJR71, SCR30, SCR31, SCR32, SCR33, SB1701, SB1702, SB1703, SB1704, SB1705, SB1706, SB1707, SB1708, SB1709, SB1710, SB1711, SB1712, SB1713, SB1714, SB1715, SB1716, SB1717, SB1718, SB1719, SB1720, SB1721, SB1722, SB1723, SB1724, SB1725, SB1726, SB1727, SB1728, SB1729, SB1730, SB1731, SB1732, SB1733, SB1734, SB1735, SB1736, SB1737, SB1738, SB1739, SB1740, SB1741, SB1742, SB1743, SB1744, SB1745, SB1746, SB1747, SB1748, SB1749, SB1750, SB1751, SB1752, SB1753, SB1754, SB1755, SB1756, SB1757, SB1758, SB1759, SB1760, SB1761, SB1762, SB1763, SB1764, SB1765, SB1766, SB1767, SB1768, SB1769, SB1770, SB1771, SB1772, SB1773, SB1774, SB1775, SB1776, SB1777, SB1778, SB1779, SB1781, SB1782, SB1783, SB1784, SB1785, SB1786, SB1787, SB1788, SB1789, SB1790, SB1791, SB1792, SB1793, SB1794, SB1795, SB1796, SB1797, SB1798, SB1799, SB1800, SB1801, SB1802, SB1803, SB1804, SB1805, SB1806, SB1807, SB1808, SB1809, SB1810, SB1811, SB1812, SB1813, SB1814, SB1815, SB1816, SB1817, SB1818, SB1819, SB1820, SB1821, SB1822, SB1823, SB1824, SB1825, SB1826, SB1827, SB1828, SB1829, SB1830, SB1831, SB1832, SB1833, SB1834, SB1835, SB1836, SB1837, SB1838, SB1839, SB1840, SB1841, SB1842, SB1843, SB1844, SB1845, SB1846, SB1847, SB1848, SB1849, SB1850, SB2188, SB2230, SB2312, SB2345, SJR56, SJR63, SJR64, SJR69, SJR70, SJR71, SCR30, SCR31, SCR32, SCR33, SB1701, SB1702, SB1703, SB1704, SB1705, SB1706, SB1707, SB1708, SB1709, SB1710, SB1711, SB1712, SB1713, SB1714, SB1715, SB1716, SB1717, SB1718, SB1719, SB1720, SB1721, SB1722, SB1723, SB1724, SB1725, SB1726, SB1727, SB1728, SB1729, SB1730, SB1731, SB1732, SB1733, SB1734, SB1735, SB1736, SB1737, SB1738, SB1739, SB1740, SB1741, SB1742, SB1743, SB1744, SB1745, SB1746, SB1747, SB1748, SB1749, SB1750, SB1751, SB1752, SB1753, SB1754, SB1755, SB1756, SB1757, SB1758, SB1759, SB1760, SB1761, SB1762, SB1763, SB1764, SB1765, SB1766, SB1767, SB1768, SB1769, SB1770, SB1771, SB1772, SB1773, SB1774, SB1775, SB1776, SB1777, SB1778, SB1779, SB1781, SB1782, SB1783, SB1784, SB1785, SB1786, SB1787, SB1788, SB1789, SB1790, SB1791, SB1792, SB1793, SB1794, SB1795, SB1796, SB1797, SB1798, SB1799, SB1800, SB1801, SB1802, SB1803, SB1804, SB1805, SB1806, SB1807, SB1808, SB1809, SB1810, SB1811, SB1812, SB1813, SB1814, SB1815, SB1816, SB1817, SB1818, SB1819, SB1820, SB1821, SB1822, SB1823, SB1824, SB1825, SB1826, SB1827, SB1828, SB1829, SB1830, SB1831, SB1832, SB1833, SB1834, SB1835, SB1836, SB1837, SB1838, SB1839, SB1840, SB1841, SB1842, SB1843, SB1844, SB1845, SB1846, SB1847, SB1848, SB1849, SB1850, SB2188, SB2230, SB2312, SB2345
Keywords:
capital gains, taxation, constitutional amendment, state revenue, individual investment, Supreme Court, judicial independence, Keep Nine, checks and balances, water rights, treaty compliance, Rio Grande, agriculture, drought, international water, Texas water supply, education, Ten Commandments, public schools, religious display
WA
Transcript Highlights:
- I'm Director Leathers of the Department of Retirement Systems.
- Once you retire, you owe that on a fixed income throughout retirement.
- This is 41% of Washingtonians approaching retirement. I don't have that.
- This is 41% of Washingtonians approaching retirement. I don't have that.
- So I think that we have a... the folks at the Department of Retirement Systems.
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.
MN
Minnesota 2025 1st Special Session
Committee on Agriculture, Veterans, Broadband and Rural Development - 04/21/25
Agriculture, Veterans, Broadband, and Rural Development
Transcript Highlights:
- , minimize, offset, and monitor impacts<01:10:46.560>
on <01:10:46.880>birds. - We raise corn, soybeans, hay, and are recently retired honeybee keepers. Our farm is a legacy farm.
- <01:30:51.840>
honeybee recently retired honeybee recently retired honeybee keepers.<01:30 - So I believe that as a retired<01:33:23.199>
environmental <01:33:24.080>sciences <01:33 - :25.239>
educator, retired environmental sciences educator, retired environmental sciences educator
MN
Minnesota 2025 1st Special Session
House Higher Education Finance and Policy Committee 3/13/25
Higher Education Finance and Policy
Transcript Highlights:
- c><00:04:58.000>
but <00:04:58.160>they <00:04:58.320>co-signed they want to retire - but they co-signed they want to retire but they co-signed on<00:04:58.880>
their <00:04:59.080 - loans making retirement loans making retirement unaffordable<00:05:05.560>
we <00:05:05.680 - State Grant awards were rationed dramatically in fiscal year 25 to offset the projected deficit.
- <01:34:14.760>
the in fiscal year 25 to offset the in fiscal year 25 to offset the projected
MN
Transcript Highlights:
- To begin, there's a hidden natural resource that's scattered throughout our state that could help offset
- <00:33:32.560>
a state that could help offset a state that could help offset a significant - career retiring with dignity. career retiring with dignity.
- and<01:43:47.960>
who <01:43:48.080>choose <01:43:48.440>to <01:43:48.520>retire - and who choose to retire and who choose to retire I<01:43:49.920>
don't <01:43:50.120>