Video & Transcript : 'pension fund' :

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TX
Transcript Highlights:
  • Rural EMS has a problem that begins and ends with funding.
  • If a county is currently giving funding, they can't replace their... funding with this money, but I don't
  • Volunteer fire department funding.
  • As I said, it's the last unfunded pension system in the state. Okay.
  • The ESF has been utilizing funds in the past.
Committee: Senate Finance
MN

Minnesota 2025-2026 Regular Session

Committee on Capital Investment - 03/04/25

Capital Investment

Transcript Highlights:
  • </c><00:18:22.600><c> and</c> dedicated to Debt Service pensions and dedicated to Debt Service pensions
  • </c> agreements until there is full funding agreements until there is full funding for<00:41:31.119><
  • checks is full funding—the full funding requirement.
  • checks is full funding—the full funding requirement.
  • checks is full funding—the full funding requirement.
WA

Washington 2025-2026 Regular Session

Senate Ways & Means Mar 2nd, 2026

Transcript Highlights:
  • Grants are funded with federal funds, gifts, grants, and donations.
  • Amendment 27 by Senator Robinson creates a new pension surplus holding account, where the surplus funds
  • It also removes all reference to the pension funding stabilization account, since that's being replaced
  • Amendment 27 by Senator Robinson creates a new pension surplus holding account, where the surplus funds
  • It also removes all reference to the pension funding stabilization account, since that's being replaced
Summary: The Ways and Means Committee met in executive session on March 2, 2026, and worked through two large groups of bills, hearing staff briefings, caucusing, and then voting each measure out to the Rules Committee. In the first group, the committee advanced bills on state accounts (HB 2675, with an amendment creating an adult day service facilities account), immigrant worker protections (2SHB 2105, after adopting a striker and Amendment 8 while rejecting amendments that would have changed enforcement and private rights of action), voting rights compliance (E3SHB 1710, with all proposed amendments rejected), AI content provenance and notices (E2SHB 1170, with Amendment 19 adopted to exempt state/local/tribal governments and certain video-game and technical uses), public official protections (2SHB 233, with a technical amendment adopted), WOTEC civil service coverage (HB 2249), JLARC work plan changes (HB 2120), LEOFF Plan 1 termination/restatement (E2SHB 2034, with several amendments adopted including creation of a pension surplus holding account and study directives, while proposals to redirect funds to the Climate Commitment Act or provide a lump-sum payment were rejected or withdrawn), supplemental retirement bargaining (HB 1069, with a striker adopted), port employee retirement exclusions (EHB 2179, with a striker adopted), local government revenue flexibility (ESHB 2442, with Amendment 72 adopted to remove a county public utility tax and other amendments rejected), wildfire mitigation funding (SHB 2089), and timberland REET changes (HB 1983). The committee also noted that it would not take action on some items in the packet, including SHB 1833. In the second group, the committee advanced bills on local housing tax remittance programs (ESHB 1717), renewable energy tax incentives and grants (E3SHB 1960, with a striking amendment adopted that adjusted rates, timing, and related provisions), nonprofit fundraising hall property tax relief (HB 2431), food bank sales tax relief (SB 6006), local tax increment financing (E2SHB 2451), temporary staffing services for nonprofit behavioral health entities (SB 6297), school and child care-related sales tax exemptions (SSB 6351, with a substitute adopted and the competing amendment made out of order), behavioral health work group extension and leadership council creation (2SHB 2429), Working Connections Child Care changes (SB 6353, with Amendment 43 adopted), language access guidelines for state agencies (SHB 2475), unpaid wage recovery (2SHB 2479), firearms background check fee authority (HB 2521, briefed but not acted on in the portion provided), public employee information sharing (HB 2091, briefed but not acted on in the portion provided), and Office of Independent Investigations jurisdiction changes (ESHB 2508, briefed but not acted on in the portion provided). Throughout the meeting, members and staff discussed fiscal notes, implementation costs, and whether amendments would increase or reduce state impacts, with several amendments aimed at narrowing scope, delaying implementation, or shifting enforcement and funding responsibilities.
KY
Transcript Highlights:
  • the insurance and fund teacher pension contributions.
  • the insurance and fund teacher pension contributions.
  • the insurance and fund teacher pension contributions.
  • the insurance and fund teacher pension contributions.
  • </c> padded this my my words with Pension padded this my my words with Pension funds<00:43:32.800><c>
Summary: The Senate Standing Committee on Education met and first handled introductions of guests and visitors from several school districts and education groups. The committee then took up Senate Bill 3, which relates to student athletes and includes an emergency clause. The bill sponsor and invited witnesses, including athletics directors from the University of Kentucky and the University of Louisville, said the measure is intended to update Kentucky’s NIL laws in light of the House v. NCAA settlement and other national changes in college athletics. Supporters said SB 3 would let Kentucky universities directly compensate student athletes, help them secure third-party NIL deals, require reporting of deals over $600, and create guardrails and fair-market-value review to reduce pay-for-play concerns. They emphasized that the bill is meant to keep Kentucky institutions competitive, align with expected national standards, and prepare for changes expected around July 1, 2025. Witnesses also discussed the need for more uniform rules nationally, the role of the Power Four conferences in developing governance and clearinghouse systems, and the desire to preserve both athlete mobility and continuity in college sports. Several members raised concerns about the transfer portal, NIL incentives, and the broader effect on college athletics, with one senator saying NIL and the portal have damaged the sport but acknowledging Kentucky must compete. Witnesses responded that tighter portal windows and clearer national rules would help, while still preserving student-athlete transfer rights when needed. After discussion, the committee moved to a vote on SB 3; the roll call was taken, and the bill advanced out of committee, with at least one senator explaining a reluctant yes vote because of competitive pressures on the Commonwealth.
MN

Minnesota 2025-2026 Regular Session

House State Government Finance and Policy Committee 1/21/25

State Government Finance and Policy

Transcript Highlights:
  • funds.
  • </c> review uh the the work of the Pension review uh the the work of the Pension funds<00:29:34.200><
  • So the relief association will have both a special fund and a general fund.
  • and a general fund.
  • fund is where general fund the general fund is where those<00:37:51.680><c> monies</c><00:37:52.040>
MN

Minnesota 2025-2026 Regular Session

Committee on Capital Investment - 02/11/25

Capital Investment

Transcript Highlights:
  • So right now in the trunk highway fund, we have a very sizable fund balance that will play into funding
  • </c> discussion for transportation funding discussion for transportation funding there's<00:53:37.520
  • those funds from.
  • Fund balance over 15%.
  • </c> Highway fund or the trunk Highway fund Highway fund or the trunk Highway fund and<01:33:16.639><
NH

New Hampshire 2026 Regular Session

House Children and Family Law (02/24/2026)

Children and Family Law

Transcript Highlights:
  • This is not a pension.
  • </c><01:35:19.920><c> from</c><01:35:20.880><c> her</c> pension, a full pension from her pension, a full
  • It is not a pension. You service. It is not a pension.
  • </c> a pension. It clearly is not a pension. a pension. It clearly is not a pension.
  • </c> there's retired paid is not a pension. there's retired paid is not a pension.
TX

Texas 89th Regular

89th Legislative Session Mar 7th, 2025

Texas House Floor Meeting

Transcript Highlights:
  • HB 14 by Harris relating to the funding mechanisms of the office of the governor.
  • Repository or for the committee on pensions investments and financial services.
  • Refer to the Committee on Pensions, Investments, and Financial Services.
  • Refer to the Committee on Pensions, Investments and Financial Services.
  • Refer to the committee on pensions, investments and financial services.
NH
Transcript Highlights:
  • I still think that it's something where we do need to provide these funds to people and make sure that
  • to people and make sure that we funds to people and make sure that we can<00:18:25.720><c> provide</
  • 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.
  • 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.
MA

Massachusetts 2025-2026 Regular Session

Senate Session May 18th, 2026

Massachusetts Senate Floor Meeting

Transcript Highlights:
  • President, we know that we're on a funding schedule to eliminate our unfunded percentage of the pension
  • In January, the administration, who holds the sole responsibility for setting the pension schedule, funding
  • In January, the administration who holds the sole responsibility for setting the pension schedule, funding
  • It is a reserve fund.
  • I don't know if there are any to be funded. Fund those in a timely way after agreement is reached.
Summary: The Senate first adopted two resolutions commending the Plimpton Historical Society for Deborah Sampson Day and Megan’s Light for recognizing May 2026 as Cystic Fibrosis Awareness Month. It also suspended Joint Rule 12 on several House petitions, referred those matters to committees, and later took up final passage of two local bills: one authorizing Dartmouth to grant an additional off-premises liquor license and another relative to the charter of Westwood. Both bills were passed to be enacted and sent to the Governor. The main business of the session was the opening debate on the Senate Ways and Means FY27 budget, which was described as a balanced $63.3 billion proposal. The chair and supporters highlighted major investments in unrestricted local aid, Chapter 70 education funding, regional school transportation, rural aid, community college affordability, food security, housing, and health and human services. They also emphasized that the budget was built on the consensus revenue estimate, included no new taxes or tax cuts, did not use the rainy day fund, and relied in part on federal funds and Fair Share revenue. In extended questioning, the minority leader pressed for details on the budget’s assumptions and cost drivers, including federal participation, Fair Share revenue, debt service, MassHealth caseload and spending, pension and OPEB liabilities, settlement reserves, collective bargaining funding, and controls against waste, fraud, and abuse. The chair responded that federal funds account for about 22% of budgeted revenues, Fair Share revenue is estimated at about $2.7 billion, debt service is about $2.67 billion, MassHealth and related health and human services total about $36.4 billion, pension funding is $5.1 billion, and OPEB receives a $150 million payment. Members also discussed the C-3 child care program, DTA program integrity, and housing permitting reforms, with several senators speaking in support of the budget’s priorities and urging further debate and amendments before final passage.
OK
Transcript Highlights:
  • As you are well aware, the OPR's program this year, OPR's pension fund this year, not only is a closed
  • We don't ever want to get into a situation that we were 30, 40 years ago where all of our pension funds
  • That we were 30, 40 years ago where all of our pension funds were in and of themselves insolvent.
  • All of our pension funds in the state of Oklahoma now are more healthy than they were 10 years ago and
  • This pension system is at 107% funding.
Summary: The House convened, completed the roll call, received an invocation focused on grief and remembrance, and heard several special presentations recognizing a brave child, visiting groups, and multiple student-athlete teams and school groups in the galleries. The chamber also introduced the Doctor of the Day and Nurse of the Day. The main business was consideration of the Joint Committee report on Senate Bill 1177, the general appropriations bill, presented by Chairman Caldwell-Trey. Most of the floor time was spent on extended questions about the budget’s major features. Caldwell-Trey explained the bill as a largely flat or modestly increased budget that includes a $200 million transfer to a new sovereign wealth fund, $225 million in set-asides, a $12.5 million “dream accounts” program for newborns, and funding tied to teacher pay, education, workforce, public safety, agriculture, and health agencies. Members questioned the use of one-time funds for recurring expenses, the reduction in state contributions to the OPRS pension system, Medicaid assumptions, emergency management funding, veterans’ services, child care, school counselors, and the lack of funding for some requested items such as National Board Certified Teacher stipends and veterans’ facility maintenance. Caldwell-Trey defended the budget as transparent, early, and designed to preserve cash reserves while supporting core services. No final vote on the appropriations report is reflected in the transcript excerpt. The House also heard explanations that the limits bills would be run later in committee, and that the budget negotiations were still ongoing with the Senate and governor on some related items. The session ended with the queue closed after the budget questioning, and the transcript cuts off during additional remarks from Representative Timmons.
TX
Transcript Highlights:
  • fund.
  • fund.
  • For either plan and will keep both pension funds within the PRB funding guidelines.
  • I remain consistent in my position that pension funds should not increase benefits that increase the
  • Benefits are paid up front so that the pension fund is not negatively impacted.
Committee: Senate Finance
WA

Washington 2025-2026 Regular Session

Select Committee on Pension Policy Jun 16th, 2026 at 12:40 pm

Select Committee on Pension Policy

Transcript Highlights:
  • We had a motion to move that to the Pension Funding Council. Made sense.
  • . ...case of the weakness of our pension system for the lack of COLA for Plan 1 members.
  • Thank you for a career of looking out for employees and retirees and pension work.
  • and then to use those invested funds earmarked first for additional COLAs?
  • There's the rate recommendation to the Pension Funding Council that was tackled today, so that can be
WA

Washington 2025-2026 Regular Session

House Floor Session Feb 10th, 2026 at 01:00 pm

Washington House Floor Meeting

Summary: The House considered and passed a series of bills on topics including public employee bargaining communication, condominium and middle-housing development, building code changes for scissor stairs, substance use disorder monitoring for nursing assistants, pet insurance continuity, liquor licensing flexibility, voter registration challenges, concealed pistol license records exemptions, social housing public development authorities, services for people with developmental disabilities, rent increase notices, and unlawful detainer notices. Members repeatedly described the housing bills as efforts to increase supply, improve affordability, and fix prior statutory problems, while the health-related bills were framed as improving patient comfort, provider flexibility, or workforce consistency. Several measures were advanced without amendment, while others were substituted with committee recommendations before final passage. The most debated item was Engrossed Substitute House Bill 1916 on voter registration challenges. Supporters said it would curb mass or frivolous challenges, protect voters, and give election officials clearer standards and more accountability. Opponents argued it would make legitimate voter challenges harder, reduce citizen oversight of voter rolls, and weaken election integrity. Multiple amendments were offered to reduce penalties from felony to gross misdemeanor, allow electronic challenges, remove county-residency limits, and strike sections of the bill; most were rejected, though one amendment removing the same-county requirement was adopted. The bill ultimately passed after a divided vote. Other notable debate included House Bill 2152, which would allow terminally ill patients in hospitals and similar facilities to use medical cannabis; supporters emphasized dignity and comfort at end of life, while one opponent worried about added burdens on rural hospitals. House Bill 2235, concerning Public Records Act exemptions tied to concealed pistol license records and a permit-to-purchase framework, passed with strong support. House Bill 1687 on social housing public development authorities passed after an amendment restored city council involvement in housing cooperation decisions, while House Bill 2249, relating to Washington Technical employees and civil service treatment, passed with a larger number of nays. The House then placed additional bills on second reading and adjourned until the next legislative day.
WA

Washington 2025-2026 Regular Session

House Floor Session Feb 10th, 2026

Washington House Floor Meeting

Summary: The House convened, established a quorum, recited the Pledge of Allegiance, and heard a prayer. Members approved the prior day’s minutes, referred introduction-sheet bills, and later took up several second- and third-reading bills. Early in the day, the chamber also announced that members could wear Seahawks apparel during floor action the next day. The House passed House Bill 1155, which bans non-compete agreements, after adopting amendments clarifying tribal worker relationships, replacing references to “customer” with “patient” in certain contexts, and requiring notice to current and some former employees that non-competes are void. An amendment to exempt senior executives earning over $350,000 was rejected. The bill passed 65-29. The House also passed House Bill 1002, allowing certain coroners and medical examiners to seek workers’ compensation for PTSD; an amendment to isolate costs to their own risk class was rejected, and the bill passed 70-24. House Bill 2264, clarifying unemployment insurance eligibility for workers who voluntarily participate in layoffs, passed unanimously 94-0. Later measures included House Bill 2110, allowing nurses to accompany inter-facility ambulance transports without also holding EMT licenses, which passed 94-0 after an amendment clarifying training; House Bill 2272, a technical update to ski equipment terminology, which passed 94-0; House Bill 2238, creating a statewide food security strategy, which passed 83-12 after a technical amendment narrowing agency scope; and House Bill 2445, aimed at preventing profiteering in probate estates, which passed 67-28 after a technical amendment. The House also passed House Bill 2109 on securing vehicle loads (95-0), House Bill 2492 requiring behavioral and mental health training for construction workers and apprentices (79-16), House Bill 2472 on licensed contractors for fire sprinkler work (92-3), House Bill 288 joining the dietician licensure compact (93-1), and House Bill 2229 updating the Professional Engineers Registration Act and requiring five years of Washington practice for board members after an amendment (68-26).
KY
Transcript Highlights:
  • 2024 numbers, and we're looking at about 59% funded on pensions and about 80% funded on the health insurance
  • 2024 numbers, and we're looking at about 59% funded on pensions and about 80% funded on the health insurance
  • and the pension fund are fully funded.
  • and 3.75% until both the Insurance Fund and the<00:59:20.920><c> pension</c><00:59:21.319><c> fund</
  • </c><00:59:23.480><c> my</c> the pension fund are fully funded so my the pension fund are fully funded
Summary: The House Standing Committee on Appropriations and Revenue met on February 25 and considered a series of bills and joint resolutions, mostly involving appropriations, capital projects, and local infrastructure funding. The committee first adopted PHS 2 and passed House Bill 152, which creates a Medicaid supplemental payment program for public ground ambulance providers; the sponsor said the substitute ensures no state general fund dollars will be used and that local agencies must identify a funding source for any required match. HB 152 was reported favorably on a 20-0 vote. The committee also passed House Bill 545, the annual claims bill, after members confirmed all executive-branch claims were included; it was reported favorably on a 21-0 vote. House Bill 606, requiring reporting for general obligation bonds, also passed unanimously and was reported favorably. The committee then took up several joint resolutions tied to capital and infrastructure spending. House Joint Resolution 30, concerning water projects, was described as implementing ranked projects under the Waters program administered by KIA and was reported favorably on a 21-0 vote. House Joint Resolution 32, concerning school facilities construction, was amended by PHS 1 and advanced after discussion referencing the Auditor’s report and questions about a Johnson County Schools expenditure; it also passed 21-0. House Joint Resolution 34, relating to contingent appropriations for KCTCS, was amended by PHS 1 and advanced after testimony outlining three projects in Somerset, Jefferson Community and Technical College, and Glasgow; it passed 21-0. House Joint Resolution 46, for local road projects, was described as funding the highest-scoring local road requests from a larger pool of applications and passed 21-0. The committee also advanced House Joint Resolution 53, authorizing release of funds for KSU’s Health Sciences Center project, after KSU officials said the building is needed for nursing and allied health programs and promised a business plan report by November 1, 2025; it passed 21-0. House Joint Resolution 54, authorizing funds related to the State Fair Board, also passed unanimously. Later, the committee considered House Bill 546, which revises the local roads and streets program by adding a DOT-developed scoring system, monthly reporting, a match requirement, and a $500,000 project cap; members asked about the cap and were told larger projects should be handled through other mechanisms. HB 546 was reported favorably on a 21-0 vote. Finally, House Bill 605, a technical corrections and update bill for the local economic relief grant program, was amended by PHS 1 and discussed as expanding eligibility, including to the Delta Regional Authority and certain local-affiliated applicants; the transcript cuts off before the final vote on HB 605.
AL

Alabama 2025 Regular Session

Alabama Senate May 14th, 2025

Alabama Senate Floor Meeting

Transcript Highlights:
  • The county commission shall fund. The county commission shall fund.
  • These funds should be protection. These funds should be protection.
  • The county commission shall fund. The county commission shall fund.
  • That fund gonna be fat. That going to be That fund gonna be fat.
  • Thereafter, all funds previously Thereafter, all funds previously Thereafter, all funds previously appropriated
Bills: HJR 1 , HB 9 , HB 21 , HB 26 , HB 30 , HB 37 , HB 116 , HB 630 , HB 879 , HB 913 , HB 1151 , HB 1318 , HB 1593 , HB 1899 , HB 2703 , HB 2809 , HB 2890 , HB 2970 , HB 3307 , HB 3526 , HB 5092 , SB 128 , SB 203 , SB 317 , SB 393 , SB 397 , SB 644 , SB 731 , SB 801 , SB 913 , SB 1071 , SB 1073 , SB 1086 , SB 1087 , SB 1232 , SB 1250 , SB 1262 , SB 1285 , SB 1310 , SB 1359 , SB 1444 , SB 1483 , SB 1705 , SB 1782 , SB 1861 , SB 1897 , SB 1944 , SB 2023 , SB 2043 , SB 2082 , SB 2133 , SB 2215 , SB 2297 , SB 2298 , SB 2309 , SB 2532 , SB 2549 , SB 2566 , SB 2617 , SB 2619 , SB 2639 , SB 2688 , SB 2696 , SB 2717 , SB 2790 , SB 2841 , SB 2847 , SB 2850 , SB 2857 , SB 2891 , SB 2919 , SB 2928 , SB 2972 , SB 3052 , SB 3053 , SB 1 , SB 260 , SB 1506 , SB 1637 , HB 37 , HB 109 , HB 334 , HB 1130 , HB 1238 , HB 1327 , HB 1610 , HB 1615 , HB 1620 , HB 1689 , HB 2081 , HB 2809 , HB 2884 , HB 2890 , HB 4215 , HB 5092 , HCR 7 , HCR 75 , HCR 86 , HCR 92 , HCR 93 , HCR 126 , SB 644 , SB 1086 , SB 1230 , SB 1310 , SB 1361 , SB 1553 , SB 1778 , SB 1790 , SB 2344 , SB 2460 , SB 2515 , SB 2600 , SB 2747 , SB 2751 , SB 2785 , SB 2790 , SB 3047 , SB 3048 , SB 3050 , SB 3051 , SB 3052 , SB 3053 , SB 3056 , SB 3058 , SB 3061 , HJR 1 , HB 1130 , HB 1689 , HB 2884 , HB 1393 , HB 2559 , HB 26 , HB 3012 , HB 1327 , HB 109 , HB 1238 , HB 2890 , HB 9 , HB 4215 , HB 2970 , HB 37 , HB 1899 , HB 1593 , HB 2607 , HB 3526 , HB 3810 , HB 5092 , HB 388 , HB 2809 , HB 1151 , HB 913 , HB 3307 , HB 879 , HB 116 , HB 12 , HB 2703 , HB 1610 , HB 1615 , HB 1620 , HB 30 , HB 21 , HB 2712 , HB 2692 , HB 1633 , HB 1318 , HB 685 , HB 630 , HB 4753 , HB 2742 , HB 303 , HB 198 , HB 1535 , HB 762 , HB 148 , HB 1520 , HB 5061 , HB 2286 , HB 1606 , HB 1041 , HB 132 , HB 11 , HCR 7 , HCR 75 , HCR 86 , HCR 92 , HCR 93 , HCR 126 , SJR 36 , SJR 50 , SJR 63 , SCR 12 , SCR 39 , SB 2023 , SB 1310 , SB 2972 , SB 1073 , SB 2847 , SB 2532 , SB 2619 , SB 62 , SB 666 , SB 847 , SB 284 , SB 854 , SB 810 , SB 1505 , SB 583 , SB 507 , SB 1434 , SB 1772 , SB 2016 , SB 1122 , SB 731 , SB 397 , SB 508 , SB 1436 , SB 287 , SB 1882 , SB 393 , SB 1791 , SB 209 , SB 2429 , SB 511 , SB 2309 , SB 1085 , SB 1975 , SB 2717 , SB 1262 , SB 636 , SB 2056 , SB 884 , SB 1200 , SB 1845 , SB 2458 , SB 801 , SB 3014 , SB 3013 , SB 758 , SB 2797 , SB 2076 , SB 2876 , SB 1640 , SB 1449 , SB 1181 , SB 1359 , SB 1234 , SB 2926 , SB 2841 , SB 1528 , SB 2891 , SB 1854 , SB 317 , SB 1250 , SB 2082 , SB 1285 , SB 1237 , SB 2819 , SB 629 , SB 2608 , SB 1602 , SB 2009 , SB 2460 , SB 867 , SB 640 , SB 1698 , SB 2680 , SB 2994 , SB 2747 , SB 913 , SB 1071 , SB 1086 , SB 1087 , SB 1483 , SB 1444 , SB 1553 , SB 1556 , SB 1703 , SB 2133 , SB 2297 , SB 2298 , SB 2622 , SB 2955 , SB 2334 , SB 1861 , SB 2043 , SB 1367 , SB 2857 , SB 128 , SB 3058 , SB 2044 , SB 2363 , SB 2565 , SB 1888 , SB 3048 , SB 3052 , SB 3053 , SB 3036 , SB 3057 , SB 3056 , SB 3043 , SB 3050 , SB 3063 , SB 3035 , SB 1790 , SB 1778 , SB 203 , SB 3061 , SB 2799 , SB 2790 , SB 2688 , SB 2515 , SB 1230 , SB 2522 , SB 2639 , SB 2459 , SB 3051 , SB 2655 , SB 2251 , SB 1884 , SB 2617 , SB 2751 , SB 2928 , SB 2566 , SB 1897 , SB 1749 , SB 1361 , SB 2549 , SB 2553 , SB 2919 , SB 1782 , SB 1705 , SB 2696 , SB 1944 , SB 2215 , SB 644 , SB 1232 , SB 2850 , HB 45 , HB 48 , HB 1261 , HB 1465 , HB 1778 , HB 2596 , HB 5238 , HB 33 , HB 1188 , HB 210 , HB 1022 , HB 1458 , HB 5560 , HB 1240 , HB 1950 , HB 2027 , HB 2768 , HB 2788 , HB 2791 , HB 3146 , HB 3698 , HB 3699 , HB 1893 , HB 3700 , HB 4850 , HB 4187 , HB 1397 , HB 4885 , HB 4804 , HB 3751 , HB 3611 , HB 2775 , HB 2061 , HB 2003 , HB 1729 , HB 1242 , HB 791 , HB 2029 , HB 647 , HB 2522 , HB 4738 , HB 3033 , HB 3594 , HB 3474 , HB 2563 , HB 2802 , HCR 90 , SJR 87 , SB 2969 , SB 3073 , SB 2497 , SB 1798 , SB 2603 , SB 2607 , SB 781 , SJR 34 , SB 17 , SB 314 , SB 455 , SB 509 , SB 529 , SB 541 , SB 693 , SB 761 , SB 963 , SB 1023 , SB 1968 , SB 2122 , SB 2308 , SB 2371 , SB 2420 , SB 2544 , SJR 87 , SB 1285 , SB 1359 , SB 2857 , SB 3073 , HJR 1 , HB 9 , HB 21 , HB 116 , HB 913 , HB 1151 , HB 1899 , HB 2970 , HB 3307 , SB 1073 , SB 1310 , SB 2532 , SB 2619 , SB 2847 , SB 2972 , SB 128 , SB 2043 , SR 393 , SR 511 , SR 518 , SR 520 , SB 314 , SB 455 , SB 761 , SB 1023 , SB 2122 , SB 2371 , SB 2420 , SB 17 , SB 509 , SB 644 , SB 1230 , SB 1361 , SB 1778 , SB 1790 , SB 2460 , SB 2515 , SB 2747 , SB 2751 , SB 2790 , SB 3048 , SB 3050 , SB 3051 , SB 3052 , SB 3053 , SB 3056 , SB 3058 , SB 3061 , HB 37 , HB 109 , HB 1130 , HB 1238 , HB 1327 , HB 1610 , HB 1615 , HB 1620 , HB 1689 , HB 2809 , HB 2884 , HB 2890 , HB 4215 , HB 5092 , HCR 7 , HCR 75 , HCR 86 , HCR 92 , HCR 93 , HCR 126 , SB 1086 , SB 1553 , HJR 182 , HB 4 , HB 24 , HB 46 , HB 101 , HB 146 , HB 170 , HB 214 , HB 305 , HB 426 , HB 549 , HB 551 , HB 594 , HB 722 , HB 824 , HB 1119 , HB 1579 , HB 2215 , HB 2458 , HB 2530 , HB 2674 , HB 2713 , HB 2974 , HB 3015 , HB 3151 , HB 3180 , HB 3221 , HB 3359 , HB 3556 , HB 4088 , HB 4211 , HB 4396 , HB 4413 , HB 4580 , HB 4609 , HB 4864 , HB 5088 , HB 5154 , HB 5263 , HB 2294 , HJR 182 , HB 4 , HB 24 , HB 46 , HB 101 , HB 146 , HB 170 , HB 214 , HB 305 , HB 426 , HB 549 , HB 551 , HB 594 , HB 722 , HB 824 , HB 1119 , HB 1579 , HB 2215 , HB 2458 , HB 2530 , HB 2674 , HB 2713 , HB 2974 , HB 3015 , HB 3151 , HB 3180 , HB 3221 , HB 3359 , HB 3556 , HB 4088 , HB 4211 , HB 4396 , HB 4413 , HB 4580 , HB 4609 , HB 4864 , HB 5088 , HB 5154 , HB 5263 , HB 2294
NM

New Mexico 2026 Regular Session

Senate - Finance Feb 14th, 2026

House Appropriations & Finance

Transcript Highlights:
  • I mean, our pension funds are the second or third best in the nation.
  • I don't know how that works, but I mean, that pension fund is one of the best.
  • I don't know how that works, but I mean, that pension fund is one of the best one.
  • I don't know how that works, but I mean that pension fund is one of the best.
  • But we influxed all this money into payroll, and the pension funds are getting driven down.
Summary: The committee first discussed the state budget and employee compensation, focusing on the 1% pay increase proposal and the broader cost of state employee raises and benefits. Members noted that over the past several years the state has invested heavily in payroll, pension contributions, pay studies, and band realignments, and several senators argued that the 80/20 health insurance change and other benefit improvements amount to significant compensation increases even without an additional raise. Others cautioned that recurring revenue is limited, that recent revenue collections were weaker than expected, and that the state should be careful about committing to ongoing costs given possible economic slowdown, federal uncertainty, drought, wildfire risk, and the possibility of future budget pressure. The committee then heard extensive testimony on SB 177, a major economic development proposal centered on quantum computing, advanced energy, robotics, synthetic biology, and related technologies. Supporters described the bill as a large strategic investment intended to leverage New Mexico’s national laboratories, universities, and existing quantum workforce to attract companies, create high-wage jobs, and diversify the economy. Testimony emphasized that much of the quantum workforce would be skilled trades and technicians rather than Ph.D.-level researchers, and members asked detailed questions about whether the state would receive long-term returns, how intellectual property and clawbacks would be handled, and whether the package included recurring costs. Witnesses also explained the bill’s trade association and workforce-development components, and several senators raised concerns about energy use, water use, guardrails, and ensuring the state does not subsidize outside interests without benefits returning to New Mexico. After debate, the committee moved to table SB 177 indefinitely, with members noting that the funding and structure were already incorporated into House Bill 2. The motion passed on an 8-0 vote, with several members excused. The meeting then adjourned.
ND
Transcript Highlights:
  • Income earned from pension trust fund investments is, of course, reinvested in the fund.
  • They do not have to provide any pension funding for this plan.
  • They do not have to provide any pension funding for this plan.
  • funds?
  • funds?
Summary: The committee was called to order, a quorum was established, and the minutes from the prior meeting were approved. The first major presentation came from Montana Public Employees Retirement System executive director William Hollahan, who gave an overview of Montana’s Volunteer Firefighters’ Compensation Act plan. He explained that the plan covers volunteer firefighters in unincorporated areas, is funded by 5% of state fire insurance premium taxes, and currently serves 228 departments with about 2,936 active members and 1,242 retirees. He described eligibility rules, annual training and reporting requirements, benefit levels for partial and full pensions, disability, death, medical, and funeral benefits, and said the plan is actuarially sound with roughly $60 million in assets and a funded ratio slightly above 100%. Committee members asked about prior-service credit, whether EMS personnel are included, the effect on recruitment and retention, and whether expanding coverage would require a funding analysis; Hollahan said prior service is not credited, EMS is not currently included, and any expansion would need financial review. Tim Walleen of Workforce Safety and Insurance then presented a draft North Dakota workers’ compensation solution for volunteer firefighters and volunteer EMS personnel. He explained that volunteer responders are already covered by workers’ comp for medical and wage-loss benefits, but the proposal would set a minimum annual wage of $30,000 for calculating wage-loss benefits for qualifying volunteers, with the benefit paid at two-thirds of that amount. Representative Porter suggested tying the volunteer definition to existing code rather than a fixed dollar amount, and Walleen agreed. Questions focused on whether search and rescue or other volunteer emergency services could be included, whether departments would face new paperwork, and whether volunteer organizations can already elect coverage; Walleen said there would be no additional paperwork and that volunteer coverage is already available. The committee also heard from volunteer fire service representatives and the state fire marshal. An Oakes-area firefighter, Mr. Olson, testified that small departments are struggling with retention, communication, and administrative burdens, especially around separate bookkeeping and funding rules for donated or fundraising money, and he said departments need clearer guidance from the state. State Fire Marshal Dr. Matthew Clark introduced himself and outlined a broader effort to improve education, support, and coordination for fire departments, including a planned 10% audit of certificates of existence beginning in 2027, more outreach through his office, and better assistance with training, reporting, and grant access. He said his office is authorized under current law to provide these services, but the role has been vague and underused. Finally, Arnagard Rural Fire District Chief Rick Schreiber testified in favor of new recruitment and retention ideas, including retirement-style benefits, health insurance, tax incentives, scholarships, grants, and more remote or regional training. He said volunteer departments are losing members, that local tax and donation funds are already stretched, and that any new retirement or incentive program should be sustainable and likely involve a mix of state and local support.