Transcript Highlights:

• 659.012 by the 89th Legislature Regular Session 2025 does not apply to a standard service retirement annuity
• computed under this section for a retiree or beneficiary. if the retiree on whose service the annuity
• fiscal year ending August 31, 2025, in accordance with Section 659.012, continues to apply to the annuity

Bills: SJR27, SB7, SB27, SB57, SB66, SB140, SB293, SB413, SB437, SB467, SB506, SB510, SB512, SB571, SB710, SB785, SB800, SB850, SB863, SB865, SB904, SB905, SB973, SB974, SB1191, SB1281, SB1300, SB1362, SB1494, SB1504, SB1522, SB1567, SB1579, SB1580, SB1723, SB1760, SB1838, SB1923, SB1946, SB1957, SB1964, SB2121, SB2167, SB2221, SB2321, SB2368, SB2373, SB2407, SB2431, SB2477, SB2587, SB2615, SB2807, SB2965, SB2986, SB3039, SB3047, SB3070, SB1, SB8, SB12, SB13, SB15, SB17, SB21, SB30, SB37, SB260, SB268, SB331, SB379, SB441, SB447, SB457, SB509, SB568, SB650, SB763, SB1198, SB1405, SB1506, SB1540, SB1566, SB1610, SB1637, SB1660, SB1833, SB2018, SB2024, SB2155, SB2217, SB2308, SB2337, SB2601, SB2753, SB2778, SB2878, SB2900, SB2972, SB3059, HB4, HB145, HB300, HB493, HB2011, HB2067, HB2516, HB2525, HB2885, HB2974, HB3071, HB3372, HB3556, HB3595, HB5138, HB5246, HB40, HB46, HB119, HB705, HB1545, HB2017, HB2963, HB3642, HB3909, SJR36, SJR50, SJR63, SCR12, SCR39, SB2023, SB62, SB666, SB847, SB284, SB854, SB810, SB1505, SB583, SB507, SB1434, SB1772, SB2016, SB1122, SB731, SB397, SB508, SB1436, SB287, SB1882, SB393, SB1791, SB209, SB2429, SB1085, SB1975, SB2717, SB1262, SB636, SB2056, SB884, SB1200, SB1845, SB2458, SB801, SB3014, SB3013, SB758, SB2797, SB2076, SB2876, SB1640, SB1449, SB1181, SB1234, SB2926, SB2841, SB1528, SB1854, SB317, SB1250, SB2082, SB1237, SB2819, SB629, SB2608, SB1602, SB2009, SB867, SB640, SB1698, SB2680, SB913, SB1071, SB1086, SB1087, SB1483, SB1444, SB1553, SB1556, SB1703, SB2133, SB2297, SB2298, SB2622, SB2955, SB2334, SB1367, SB2044, SB2363, SB2565, SB1888, SB3036, SB3057, SB3043, SB3063, SB3035, SB203, SB2688, SB2522, SB2459, SB2655, SB2251, SB1884, SB2928, SB2566, SB2549, SB2553, SB2919, SB1944, SB1232, SB1798, SB2603, SB2607, SB2683, SB1319, SB3045, SB3071, HB796, HB1523, HB5294, HB748, HB3395, HB180, HB3171, HB146, HB5596, HB5694, HB1135, HB3225, HB186, HB1449, HB3793, HB112, HB104, HB3336, HB3520, HB3320, HB5663, HB2399, HB111, HB3483, HB4580, HB3748, HB632, HB4730, HB5690, HB5689, HB3385, HB4359, HB5381, HB123, HB5606, HB1057, HB3664, HCR141, HCR40, HCR59, SR695, SCR54, HCR153, HCR166, HCR168, SJR27, SB7, SB57, SB66, SB140, SB293, SB413, SB437, SB467, SB506, SB510, SB512, SB571, SB710, SB785, SB800, SB850, SB863, SB865, SB904, SB905, SB973, SB974, SB1191, SB1281, SB1300, SB1362, SB1504, SB1522, SB1567, SB1579, SB1580, SB1723, SB1760, SB1838, SB1923, SB1946, SB1957, SB1964, SB2167, SB2221, SB2321, SB2368, SB2407, SB2477, SB2587, SB2615, SB2807, SB2965, SB2986, SB3039, SB3047, SB3070, HB40, HB119, HB705, HB1545, HB2017, HB2963, HB3642, HB3909, SB17, SB21, SB509, SB1198, SB1506, SB1833, SB2155, SB2601, SB2778, HB300, HB2011

Keywords: judicial conduct, state commission, judicial misconduct, commission membership, constitutional amendment, water infrastructure, financial assistance, Texas Water Development Board, water supply, environmental sustainability, school safety, emergency operations plan, multihazard plan, mandatory drill, disaster preparedness, emergency response, students with disabilities, impairments, special education, Section 504

Transcript Highlights:

• into account, but it should be an equitable adjustment, as is currently in statute required for all annuities
• You just said factors—what... ...for annuities that the state is a part of.
• make public a methodology for adjusting the dollar amount on which the standard service retirement annuity
• And then there's some language: "The dollar amount on which the standard service retirement annuity is
• is above some strike-through language: "The dollar amount on which the standard service retirement annuity

Summary: The House met on sine die and began with prayer, pledges, quorum verification, and a series of announcements and recognitions. The chamber received Senate messages reporting adoption of conference committee reports on SB 268 and SB 2972, and Senate concurrence in House amendments to SB 1637. Members also referred several resolutions and announced the signing of numerous House and Senate measures by the presence of the House. Technical correction resolutions were adopted: HCR 171, authorizing corrections to HB 46, passed 138-0, and SCR 55, making a wording correction in SB 1964, passed 126-12. A large portion of the meeting was devoted to memorials and recognitions. The House honored Pastor Dave Welch, with several members offering condolences and reflections on his work organizing pastors and engaging in civic life, followed by a moment of silence. Members also recognized the Ganado High School Maidens for winning the 2025 UIL 2A Division I softball state championship, Waco police K-9 Andor after being shot in the line of duty, Region 7 DPS for Capitol Complex security, and various restaurants, staff members, interns, caucus staff, and caucus freshmen of the year across Republican, Democratic, Black, Progressive, LGBTQ, IT, Energy and Climate, and Mexican American Legislative Caucuses. The chamber also heard a retirement-style address from Rep. Tony Tinderholt, who reflected on his six sessions in the House, his military service, and his decision to step aside to focus on family, while colleagues from both parties praised his service, discipline, and willingness to work across differences. The House then continued with additional staff and caucus recognitions, including committee staff, district office staff, and interns, with members repeatedly thanking their teams for their work during the session.

Bills: HB245, HB700, HB2783, HB3526, HB3900, HB4061, HB4124, HB4166, HB4395, HB4534, HB4609, HB4641, HB4736, HB4738, HB4739, HB4945, HB5015, HJR175, HB245

Keywords: military service, retirement, law enforcement, custodial officer, Employees Retirement System, commercial financing, brokers, registration, disclosures, finance, consumer protection, fees, deferred compensation, automatic participation, county employees, payroll deductions, retirement plans, fiscal transparency, local government, bond issuance

Bills: HB245, HB245, HB700, HB2783, HB3526, HB3900, HB4061, HB4124, HB4166, HB4395, HB4534, HB4609, HB4641, HB4736, HB4738, HB4739, HB4945, HB5015, HJR175

Keywords: property tax, delinquent taxes, ad valorem, penalties, interest cap, military service, retirement, law enforcement, custodial officer, Employees Retirement System, commercial financing, brokers, registration, disclosures, finance, consumer protection, fees, deferred compensation, automatic participation, county employees

Transcript Highlights:

• Um, insuranceances, annuities, those kind of things even longer.
• Um, insuranceances, annuities, those kind of things even longer.
• Um, insuranceances, annuities, those kind of things even longer.
• Um, insuranceances, annuities, those kind of things even longer.
• Um, insuranceances, annuities, those kind of things even longer.

Keywords: 1. Call to Order and Roll Call – 00:00:24 2. Discussion of The Center for Courageous Kids – 00:02:46 3. Discussion of Adult Protective Services and State Guardianship Programs – 00:25:22 4. Discussion of Annual Report of the External Child Fatality and Near Fatality Review Panel – 01:00:34 5. Consideration of Referred Administrative Regulations – 01:33:41 6. Adjournment – 01:42:07, 958, all

Summary: The committee’s first interim meeting opened with roll call and a reminder that Kentucky had 8,641 children in out-of-home care with active placements as of June 1, 2025. The first presentation was from the Center for Courageous Kids (CCK), a donor-funded camp in Scottsville that serves children with lifelong illnesses and disabilities at no charge. Representatives described the camp’s history, its year-round family retreats and summer sessions, its medical and accessibility supports, and its impact on campers’ confidence and independence. They said CCK has served more than 43,000 campers from 46 states and 13 countries, including 22,000 from Kentucky, and noted plans to reach all 120 Kentucky counties. CCK also outlined future capital needs: a new art barn and a medical lodge. The organization said the art barn project would cost $2.5 million, with a legislative request of $1.5 million, and the medical lodge would cost $2.875 million, with a legislative request of $1.75 million. Members responded very positively, with several praising the camp’s work and one member asking about operational challenges. CCK said its main challenges are awareness, staff and volunteer recruitment, and expanding medical and housing capacity; it also said it is accredited by the American Camp Association and receives health and safety visits and audits. The committee then moved to a presentation on adult protective services and state guardianship programs from Jessica Wayne and Cliff Bryant of DCBS. They explained the legal framework for guardianship, the difference between full and limited guardianship/conservatorship, emergency appointments, and the state’s role as a last-resort guardian when no family member or private entity is available. They reported 4,464 individuals under state guardianship as of June 1, with most cases involving dementia, developmental disability, intellectual disability, nursing home or long-term care placement, severe mental illness, or brain injury. They also said the division has 89 field workers across 14 regional offices, with an average caseload of 52 and a goal of reducing that into the mid-40s through additional hiring.

Transcript Highlights:

• into account, but it should be an equity adjustment as is currently in statute required for all annuities
• make public a methodology for adjusting the dollar amount on which the standard service retirement annuity
• is different from current, retired, and future legislators who will take part in the legislative annuity
• , and then there's some language about the dollar amount on which the standard service retirement annuity
• is above some strikethrough language: the dollar amount on which the standard service retirement annuity

Keywords: 1184, house, all

Transcript Highlights:

• We talked about mutual funds and a bunch of other products that are out there, annuities, but that's
• 40.240> that's<00:47:40.520> kind<00:47:40.599> of<00:47:40.720> harder annuities
• um but that's kind of harder annuities um but that's kind of harder to<00:47:41.160> have<00:
• The definition includes stocks, shares, bonds, warrants, options, pledge notes, mortgages, annuities,
• shares in a mutual fund, shares in an exchange-traded fund, or an underlying holding owned by an annuity

Keywords: 1187, senate, all

Transcript Highlights:

• We provide life insurance, annuities, retirement plans, and other financial security products to consumers
• We provide life insurance, annuities, retirement plans, and other financial security products to consumers
• In New Jersey, life insurers pay out almost $25 million a day in insurance and annuity benefits.

Keywords: 1146, all

Transcript Highlights:

• Allowing for a member on disability status who is over 60 and who receives an annuity adjustment to continue
• receiving the annuity adjustment, requiring payment of allowed service within 90 days.

Transcript Highlights:

• shares in mutual funds, shares in an exchange-traded fund, or the underlying holdings owned by an annuity
• <01:14:48.080> deenture<01:14:49.040> lease<01:14:49.360> or mortgage annuity
• deenture lease or mortgage annuity deenture lease or commercial<01:14:49.920> paper<01:14:50.159
• <01:15:11.199> or<01:15:11.440> in<01:15:11.679> defined owned by an annuity
• or in defined owned by an annuity or in defined benefit<01:15:12.640> pension<01:15:13.120>

Keywords: 1187, senate, all

Transcript Highlights:

• > to<00:17:18.160> members unreduced retirement annuity to members unreduced retirement annuity
• <00:18:46.880> will and 30 unreduced retirement annuity will and 30 unreduced retirement annuity
• An unreduced annuity at age 62.
• <02:04:30.800> I<02:04:31.040> support unreduced annuity at age 62.
• I support unreduced annuity at age 62.

Keywords: 1187, senate, all

Transcript Highlights:

• For an annuity contract it's $250,000.
• For an annuity policy it's $300,000.
• We are anticipating in this particular instance, because we don’t tax annuities and the life and annuity
• instance because we don't tax annuities instance because we don't tax annuities and<00:25:47.679
• , and we don't tax annuities.

Keywords: 1189, house, all

Transcript Highlights:

• Section 5 was amended to allow the PERS board the authority to explore out-of-plan annuities through
• an annuity shopping service.
• There are currently in-plan annuities in the defined contribution plan, but Section 5 was added to allow
• the board the opportunity to explore out-of-plan annuities and to possibly make the defined contribution

Keywords: 908, all

Summary: The Senate convened with prayer, pledge, roll call, and a quorum present, then approved a motion to lay over House Bill 1525 for one legislative day. It also voted not to concur with House amendments on Senate Bills 2294, 2297, 2070, 4017, and 2262, appointing conference committees for each. The chamber then took up a series of House bill amendments and final-passage votes. On amendments, the Senate adopted changes to House Bill 1229 on fleeing law enforcement and driving-record transparency after debate over insurance impacts and public safety; House Bill 1510 on teacher retention, on-site child care, and licensure study language; House Bill 1160 to restrict student personal electronic devices during instructional time; House Bill 1429 to address drone harassment and stalking of animals; House Bill 1203 to harmonize medical marijuana provisions; House Bill 1600 to create a UND immigration clinic with reporting requirements; House Bill 1130 to broaden K-12 funding formula changes and reduce state fiscal impact; House Bill 1279 to modify the coal conversion tax exemption; House Bill 1442 to adjust membership and scope of a state task force; and House Bill 1464 to convert a maternal care services proposal into a study and remove the appropriation. The Senate rejected an amendment to House Bill 1022 concerning the Retirement and Investment Office bonus program, then passed the bill. It also passed House Bill 1234 on a $90 million transfer to reduce PERS liability, while rejecting a floor amendment to it. On final passage, the Senate passed House Bills 1008 (Public Service Commission budget), 1218 (temporary moratorium and study on economic analysis for drain projects), 1234 (PERS funding transfer), 1146 (PERS defined contribution cleanup and emergency clause), 1355 (expanded notice for administrative rulemaking), 1470 (Game and Fish fee changes and guide/outfitter updates), 1029 (Capital Grounds Planning Commission duties), 1017 (Game and Fish budget), 1374 (township supervisor open-meeting exemption for on-site inspections), and 1064 (NC-SARA membership and distance education regulation). It defeated House Bill 1583 on false political advertisements with civil-action language and House Bill 1393 on earned wage access provider regulation. The transcript ends as the Senate begins consideration of House Bill 1326 on self-defense and unlawful firearm possession by felons.

Transcript Highlights:

• But, uh, House Bill 4802 provides a one-time annuity adjustment of 7.5% in each year of the 2026, 2027
• JRS judges have not received any, uh, increase in their annuity of any kind since 2005, and that's what
• survival of those judges that have, have most likely already retired and this increase, um, from an annuity

Transcript Highlights:

• supervision may therefore, before the date of any retirement allowance becomes effective, pay into the annuity
• These retirees had their pensions calculated using outdated mortality data, the combined annuity table

Keywords: 995, all

Summary: The Joint Committee on Public Service heard testimony on a range of retirement-related bills, with several witnesses and advocates focusing on pension equity, veteran benefits, and recognition for public safety workers. Representative Dennis Gallagher and Mass Retirees supported legislation to increase the long-standing veterans’ bonus from $15 to $50 per year of service, up to $1,000 annually, and described it as a modest, overdue adjustment with minimal fiscal impact. Mass Retirees also backed bills to raise the minimum survivor allowance for public retirees and to address inequities in Option B and Option C survivor benefits for retirees whose pensions were calculated under older mortality tables. The committee also heard a personal bill from Representative Jim Arceiro and Nathan McKinnon seeking creditable service for McKinnon’s years in the Nevada higher education system, which he said should count toward his Massachusetts retirement. Another individual bill was presented by Roberta Wollins, supported by Senator Keenan, to remedy what she described as misleading retirement advice from UMass Boston that affected her ability to buy back prior service and made her retirement planning inaccurate. Senator Keenan and others framed both cases as unique fairness issues rather than broad policy changes. A large panel from police, fire, corrections, EMS, and related organizations testified in favor of a COVID-19 retirement credit proposal and a study bill, arguing that essential workers who reported in person throughout the pandemic should receive recognition and a time-based retirement credit. Witnesses described exposure risks, illness, deaths, staffing strain, and long-term effects from COVID-19, and several committee members voiced support and appreciation for their service. The hearing concluded with no votes taken on the bills and a motion to adjourn, which was approved.

Bills: SB1180, SB1215, SB1270, SB1290, SB1292, SB1294, SB1430, SCR1028

Keywords: income tax, conformity, Arizona Revised Statutes, taxpayer, federal regulations, firefighters, occupational disease, workers compensation, cancer presumption, police officers, hazardous duty, SB1270, Arizona retirement system, public safety personnel, defined contribution plan, correctional officers, corrections officers, retirement contributions, supplemental contributions, retention incentive

Summary: The Senate Finance Committee approved the January 26, 2026 minutes and then heard several bills dealing with tax, retirement, and property assessment issues. SB 1215, as amended, was described as a technical “comma bill” that reorganizes the list of firefighter cancer conditions presumed work-related and removes mistakenly included peace officer language; it passed 6-1. SB 1180 would codify Arizona Department of Revenue’s practice of assuming federal conformity for above-the-line income tax items when preparing forms, with supplemental instructions if the legislature later acts differently; it passed 7-0 after discussion about whether it would affect executive-ordered changes. SCR 1028, a voter-referral measure to narrow the statutory exception allowing agencies to set certain fees and assessments without a two-thirds vote, drew sharp debate over majority rule versus limits on delegated fee authority and passed 4-3. The committee also advanced SB 1292, which clarifies that the Public Safety Personnel Retirement System’s 5% ownership cap applies only to publicly traded corporations; PSPRS said the change would avoid compliance problems and unnecessary costs, and it passed 7-0. SB 1294, restoring county assessors’ authority to prorate property values for property destroyed in any manner while preserving a five-year classification benefit only for property destroyed by verifiable accident, passed 6-1. SB 1430, the annual tax corrections act, passed unanimously after DOR said it mainly removes redundant language, fixes a cross-reference, and codifies current practice. The committee then considered SB 1270, which would let CORP employers make optional supplemental retirement contributions of up to $5,000 to Tier 3 correctional officers and related employees at specified service intervals. Supporters from the FOP said it is a flexible retention tool for hard-to-staff correctional jobs, while some members worried it could add costs for counties and not solve the underlying retention problem; it passed 6-1. Finally, SB 1290, which requires advance notice and inspection reports for certain property inspections and bars repeat agricultural inspections for three years, drew strong support from farm groups and strong opposition from county assessors, who argued it would create costs, limit their ability to verify new construction, and interfere with annual valuation duties. The bill passed 4-2 with one member not voting, and the committee adjourned.

Transcript Highlights:

• The beautiful part about what SBI does is they are creating an annuity for perpetuity, which is what
• Annuity for perpetuity meaning that we're going to have money that will continue to pay out.
• an annuity for perpetuity, which<00:31:25.640> is<00:31:25.760> what<00:31:25.880>
• Annuity for perpetuity classes, right?
• Annuity for perpetuity meaning<00:31:29.640> that<00:31:29.840> we're<00:31:29.920>

Keywords: 1187, senate, all

Transcript Highlights:

• He then asked whether, when a payment is stretched over time, they are purchasing annuities to fulfill
• The witness explained that, typically, when there are payments over time, an annuity with an insurance
• with an insurance times the an annuity with an insurance company<05:14:26.958> is<05:14:27.760
• an annuity because the insurance<05:14:43.040> company<05:14:44.000> is<05:14:44.200><
• or to seek a structured annuities or to seek a structured settlement<05:16:15.520> that<05:16

Keywords: 928, house, all

Summary: The committee held a work session on the Department of Business and Economic Affairs budget, with testimony from Chase Hegman and Kathy Frederickson. Early discussion focused on staffing and vacancies, including a senior planner position tied to FEMA requirements, a program assistant funded by federal ORID dollars, a program specialist being considered for reclassification, two Housing Champions positions to be funded in the next biennium, and temporary welcome center positions. Members also reviewed the commissioner’s office, indirect cost recoveries tied to federal program administration, and the structure and staffing of rest areas and welcome centers, including the Turnpike-funded locations and seasonal staffing patterns. Members then moved through economic development and federal grant-related accounts. Hegman explained that a large share of the agency’s funding is federal, with some programs requiring state match, including the Apex Accelerator, which supports government contracting assistance for businesses. He described Apex as a small team that helps businesses with DOD and other contracting opportunities through webinars, matchmaking, and one-on-one support. The Office of Workforce Opportunity was described as largely federally funded through Commerce-related workforce programs and subrecipients, with some general fund support for agency-wide needs. The Northern Borders Regional Commission dues and capacity grant were also discussed, with officials explaining the state’s required contribution and the federal funds used to administer the program. A major point of discussion was the proposed reduction to the Small Business Development Center, which officials said provides one-on-one technical assistance to new and small businesses and has a strong return on investment. Members questioned the cut, the federal funding sources, and whether there was a waiting list for services; officials said they would provide more detail on matching requirements and funding. The committee also reviewed travel and tourism accounts, including the joint promotional grant program and tourism advertising funds, both of which are proposed to increase. Officials said the tourism marketing formula is based on a percentage of meals and rooms tax revenue and argued that the spending generates significant visitor spending and tax revenue, citing an outside ROI study and examples of advertising in test markets. No votes were taken during the work session.

Transcript Highlights:

• First thing to know about the SRP is it's a defined benefit plan and provides lifetime annuities for
• So starting on the left with the SRP benefit, it's a lifetime annuity, and it's paid if the goal income

Keywords: 904, all

Transcript Highlights:

• Members also have the ability to purchase an annuity to use those funds to purchase an...
• Members also have the ability to purchase an annuity from the pension trust fund.
• And generally, purchasing an annuity from the pension system is going to have a lot less fees than trying

Keywords: 904, all