Video & Transcript Research : 'retirement offset'

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MN

Minnesota 2025 1st Special Session

Committee on Taxes - 04/09/25

Taxes

Transcript Highlights:
  • I would say mass data collection indeed has harmful consequences that demand offsetting social expenditures
  • I would say mass data collection indeed has harmful consequences that demand offsetting social expenditures
  • My question is, will the state of Minnesota have raised revenue to offset the loss as best we can?
  • My wife and I have been retired for three years.
  • when I retired when I retired But<00:37:03.599> again,<00:37:04.320> there<00:37:04.560
Keywords: 1187, senate, all
NH

New Hampshire 2025 Regular Session

Senate Ways and Means (02/12/2025)

Ways and Means

Transcript Highlights:
  • The credit offsets the cost to develop and accelerate medical innovation to market.
  • novel therapies and Technologies the novel therapies and Technologies the credit<00:17:05.679> offsets
  • cost<00:17:06.559> to<00:17:06.720> develop<00:17:07.039> and credit offsets
  • the cost to develop and credit offsets the cost to develop and accelerate<00:17:07.760> the<00
  • some people had retired and when we<01:06:31.240> have<01:06:31.400> to<01:06:31.520><
Keywords: 1191, senate, all
CA

California 2025-2026 Regular Session

Assembly Floor Session Jun 15th, 2026

California House Floor Meeting

Transcript Highlights:
  • And one of the small things that we're trying to do to offset all that new spending is, yes, thank you
  • And one of the small things that we're trying to do to offset all that new spending is, yes, follow the
  • And one of the small things that we're trying to do to offset all that new spending is, yes, follow the
  • Resources Committee, and SB 1024, Menjivar, pending re-referral from the Public Employment and Retirement
Keywords: 988, house, all
Summary: The Assembly convened, established a quorum after a roll call, observed a moment of silence for the fatal B-52 crash at Edwards Air Force Base, and proceeded with routine procedural business, including re-referrals of numerous Senate bills to different committees and several rule suspensions to allow bills to be heard or moved. Assembly Member DeMaio attempted to amend and then return AB 109 to the Senate to add health care premium reductions, but the motions were ruled out of order and his request to suspend the rules failed on a 13-45 vote. The main floor action was on AB 109, the 2026-27 state budget. Assembly Member Gabriel presented the budget as balancing fiscal responsibility with protections for health care, schools, housing, wildfire prevention, and the safety net, while opponents argued it raised costs, underfunded education and public safety, and relied on gimmicks. Supporters emphasized investments in hospitals, Medi-Cal, IHSS, child care, food banks, housing, and reserves, and repeatedly defended the budget’s approach to Proposition 36 funding and prison closures. After extensive debate, the Assembly voted to concur in the Senate amendments to AB 109, and the bill was immediately transmitted to the Governor. Later, the Assembly took up SCR 89 on diversity, equity, and inclusion. Members from several caucuses spoke in support, arguing DEI is central to equal opportunity, civil rights, and California’s identity, and warning against federal efforts to roll back such programs. Assembly Member DeMaio spoke in opposition, saying DEI treats people differently based on immutable characteristics. The transcript ends during that debate, with the resolution still under consideration.
CA
Transcript Highlights:
  • strategic reliability reserve is largely supported by fossil fuel resources, which are expected to retire
  • , but once the pilot is rolled out to be able to allow for that option to customers to utilize to offset
  • once but once the pilot is rolled out to be able to allow for that option to customers to utilize to offset
  • their broadband bill we to customers to utilize to offset their broadband bill we do expect a level
Summary: The hearing was an informational budget session on energy agency proposals, with no votes taken. Early discussion focused on Proposition 4 climate bond implementation, including funding for demand-side grid support, offshore wind development, and transmission financing. The Department of Finance said the budget includes allocations for demand-side grid support and offshore wind, but not yet for the $325 million transmission financing piece pending a required study. The Legislative Analyst’s Office urged the Legislature to consider whether to wait on offshore wind funding, whether to keep shifting funds into demand-side grid support, and how to direct future transmission financing. Members also raised concerns about local technical assistance for offshore wind, Salton Sea priorities, and the need for more information before final decisions. The California Energy Commission and CPUC then reviewed the broader energy package. The CEC highlighted the demand-side grid support program’s growth, distributed energy backup assets, long-duration storage, hydrogen grants, and the SIRP clean energy reliability program. CPUC testimony emphasized affordability, wildfire mitigation costs, rooftop solar cost shifts, and efforts to reduce rates while maintaining reliability and clean energy goals. Members questioned CPUC staffing, delays in proceedings, coordination with the CEC and CAISO, and the impact of rate increases on customers. The agencies also discussed the AB 3264 transmission financing study, with CPUC saying work on the study had already begun and was on track for the July 1 deadline. Several trailer bill and implementation items were also discussed. The committee reviewed a proposal to extend the Deaf and Disabled Telecommunications Program surcharge, with members split over whether it should be handled in budget trailer bill language or policy legislation; the administration said the surcharge supports a critical program serving about three-quarters of a million Californians. The committee also heard a CPUC data-sharing proposal to allow nondisclosure agreements for transmission and reliability data, which members generally supported as a technical fix. DWR explained a proposal to clarify language for the Electricity Supply Strategic Reliability Reserve so it can potentially sell three gas-fired units it owns, and the CEC presented a federal transmission grant proposal tied to grid-enhancing technologies and ratepayer cost recovery. Finally, the committee discussed California Lifeline and possible broadband pilot reforms in light of uncertainty around federal Universal Service Fund support, with CPUC saying it is exploring a statewide standalone broadband option for eligible customers.
TX
Transcript Highlights:
  • does two things: it increases profits for utilities and increases rates for ratepayers without any offsetting
  • If adopted, growth plants should be reduced by accumulated depreciation. ...and retirements before the
NM

New Mexico 2025 Regular Session

House - Rural Development, Land Grants And Cultural Affairs Feb 4th, 2025

House Rural Development, Land Grants And Cultural Affairs

Transcript Highlights:
  • This is a way of offsetting some of those labor issues that we've seen historically.
  • What we have is some generational issues happening where most of the CPAs in the country are retiring
NH

New Hampshire 2026 Regular Session

House Committee on Housing (01/27/2026)

Housing

Transcript Highlights:
  • I'm a retired attorney.
  • I'm a retired name is Elliot Barry.
  • I'm a retired attorney.<02:03:03.440> Uh,<02:03:03.679> I<02:03:03.920> retired<
  • Uh, I retired after 47 years attorney.
  • It helps to offset the costs of accepting pets. It's like having an insurance policy.
Keywords: 1189, house, all
MN

Minnesota 2025 1st Special Session

Committee on Higher Education - 04/08/25

Higher Education

Transcript Highlights:
  • $1<00:02:22.720> million<00:02:23.520> one-time<00:02:24.080> increase offsetting
  • $1 million one-time increase offsetting $1 million one-time increase in<00:02:24.640> general
  • /c><00:16:21.759> to million in one-time new revenue to million in one-time new revenue to offset
  • 22.720> increase<00:16:23.040> for<00:16:23.199> the<00:16:23.360> PAS offset
  • the increase for the PAS offset the increase for the PAS remediation<00:16:24.399> work.
Keywords: 1187, senate, all
NH

New Hampshire 2025 Regular Session

House Science, Technology and Energy (02/03/2025)

Science, Technology and Energy

Transcript Highlights:
  • As far as I know, there was no additional construction of more turbines or anything to offset when I
  • c><00:14:50.000> or<00:14:50.199> anything<00:14:50.880> to<00:14:51.079> offset
  • more uh turbin or anything to offset more uh turbin or anything to offset when<00:14:51.839>
  • I am a retired school teacher, and although I am representing myself today, I call upon you to imagine
  • school teacher morning um I am a retired school teacher and<00:42:54.839> although<00:42:55.400
Keywords: 1189, house, all
CA

California 2025-2026 Regular Session

Joint Legislative Audit Committee Jun 18th, 2025

Transcript Highlights:
  • Luis Valentino, and I'm a retired educator with 35 years in education.
  • my goal all along: to retire after... ...and then just made the decision that I was going to retire,
  • which was my goal all along: to retire after my fourth year.
  • And we have to make sure we're offsetting costs as best we can for these families.
  • In that case, we may offset tax refunds from those filings. Thank you.
Summary: The committee heard several audit requests and related testimony. The first major item was an audit of Coachella Valley Unified School District’s contract and fiscal management. The author and supporters described long-standing fiscal mismanagement, large budget shortfalls, layoffs, contracting concerns, and questions about the district’s foundation and use of public funds. District representatives and the Riverside County Office of Education said the district is already under fiscal oversight, has a stabilization plan, and is working to reduce deficits and improve student outcomes. After extensive debate and public comment, the motion to approve the audit was put on call because the committee did not have the required votes from both houses at that moment. The committee then approved an audit of East Bay transit agencies in Alameda and Contra Costa counties. Senator Wahab argued the region’s many overlapping transit agencies create fragmentation, duplication, and inefficiency, especially amid a fiscal cliff and possible future tax increases. Transit agencies and labor representatives opposed the audit, saying the agencies already undergo multiple audits, serve distinct local needs, and are implementing regional coordination efforts. After testimony from agency leaders and public commenters, the committee voted to approve the audit. The next item was an audit of California Community Colleges’ unrestricted reserves. Senator Archuleta and supporting faculty representatives said reserves have grown substantially and may be diverting resources from student services, instruction, and workforce programs. They argued there is little oversight when reserves become too high. The Chancellor’s Office and Calbright College were invited to respond, and the audit objectives focused on reserve growth, reasons for high balances, oversight by the Chancellor’s Office, and effects on students and staff. The transcript cuts off during the Chancellor’s Office response, so the final committee action on this item is not shown.
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Wednesday, March 5, 2025)

US Federal House Floor Meeting

Transcript Highlights:
  • You could incentivize people who are close to retirement to retire early. You could freeze hiring.
  • <00:34:26.560> to people who are close to retirement to people who are close to retirement
  • you retire early you could freeze hiring you could<00:34:28.879> give<00:34:29.079> people
  • There are 135,000 of them are retired, 14,900 are disabled, 9,855 are widows, 4,438 spouses, and more
  • 135,000 of them are retired 135,000 of them are retired 14,900<00:41:59.359> are 14,900 are
HI

Hawaii 2026 Regular Session

FIN Info Briefing - Thu Jan 8, 2026 @ 9:00 AM HST

Hawaii House Floor Meeting

Transcript Highlights:
  • was when the the Doge early retirement was when the the Doge early retirement system<01:10:12.159
  • and fixed cost which is a retirement and fixed cost which is a retirement system,<02:20:57.439><
  • Retirement Savings Board. Retirement Savings Board.
  • Uh in October, uh the Hawaii Retirement Uh in October, uh the Hawaii Retirement Savings<04:22:24.640
  • Uh we remain hopeful that the retirement Uh we remain hopeful that the retirement savings<04:22:
Keywords: 910, house, all
MN

Minnesota 2025-2026 Regular Session

Committee on Taxes - 01/30/25

Taxes

Transcript Highlights:
  • Three things would happen, really: the competition would help lower prices for rural folks, it would offset
  • <00:10:40.040> some for Rural folks um it would offset some for Rural folks um it would offset
  • times more applicants online for the first-come, first-served line for a chance to have a rebate to offset
  • for a chance to have a rebate to offset for a chance to have a rebate to offset some<00:18:34.120
  • Enough incentives to offset the hurdles in front of them in order to get them to the point to volunteer
Keywords: 1187, senate, all
ND

North Dakota 2025-2026 Regular Session

Senate Floor Session Apr 21st, 2025 at 12:30 pm

North Dakota Senate Floor Meeting

Transcript Highlights:
  • amendments to 2160 that happened in the other chamber revolve around the fact that our employee retirement
  • This list included increased salary, retirement, tuition reimbursement, and more.
  • And the only way we're going to offset that cost is by shifting it to our employees, and when we shift
Keywords: 908, all
Summary: The Senate reconvened and handled several House messages and conference committee appointments before taking up a series of bills. It appointed conference committees on Senate Bill 2265 and House Bills 1454, 1448, and 1524. The chamber also adopted a Senate amendment to House Bill 1216, delaying its effective date for the copay accumulator prescription drug bill to January 1, 2026, with later renewal timing for non-PERS plans. House Bill 1216 then came up for final passage. Senators debated whether allowing copay accumulator programs to count manufacturer coupons toward deductibles would help patients with expensive drugs or unfairly shift costs to insurers and other policyholders. Supporters said it would help people afford life-saving medications and that the coupon payments go to pharmacies, not insurers; opponents argued it could raise premiums and create perverse incentives for drug pricing. The bill passed 29-18. The Senate also concurred in House amendments to Senate Bill 2160, which changes health insurance benefits under the Uniform Group Insurance Program to move from a grandfathered to a non-grandfathered plan, with supporters emphasizing added benefits and flexibility and opponents warning of higher costs and irreversible changes. That bill passed concurrence 33-14 and final passage 39-8. The Senate next concurred in House amendments to Senate Bill 2339, the wildfire mitigation bill, which requires utility mitigation plans to be updated every two years, incorporate national electric standards, and creates a rebuttable presumption of reasonable care if the plan is followed. The bill then passed final passage 46-1. The chamber also adopted conference committee reports and passed House Bill 1460 on adult foster care and monitoring devices, House Bill 1440 on cigar lounge tobacco use, and Senate Bill 2374 on insurance-related provisions including property insurance arbitration, managed repair programs, and surplus lines issues; SB 2374 also added a study on towing and recovery coverage. The session ended with announcements of upcoming conference committee meetings and adjournment until April 22, 2025.
ND

North Dakota 2026 1st Special Session

Employee Benefits Programs Committee May 7th, 2026 at 10:00 am

Employee Benefits Programs Committee

Transcript Highlights:
  • And the third most important thing was their retirement plan.
  • And the third most important thing was their retirement plan.
  • We do have voluntary and involuntary and retirement breakdowns, so that we could provide.
  • Adding new members to a retirement plan typically does require further analysis.
  • system and the PERS retirement system.
Keywords: 908, all
MN

Minnesota 2025-2026 Regular Session

Agriculture, Veterans, Broadband and Rural Development - Subcommittee on Veterans - 02/10/25

Agriculture, Veterans, Broadband, and Rural Development - Subcommittee on Veterans

Transcript Highlights:
  • military and their families retired military and their families third<00:04:40.280> disabled<
  • The Iron Range, up where we're at, the Fleet Reserve Association, a bunch of retired Navy chiefs that
  • Burr for his testimony, his service, and congratulated him on his retirement. Mr.
  • I am a retired master sergeant from the Minnesota Air National Guard. I am a veteran.
  • My wife served, did retire early, kind of because of family situation, so she didn't continue.
Keywords: 1187, senate, all
FL

Florida 2026 Regular Session

FL House Floor Session - 2026-02-20 (9:00AM Session)

Florida House Floor Meeting

Transcript Highlights:
  • next bill: Committee Substitute for Senate Bill 7028, a bill to be entitled an act relating to retirement
  • Committee Substitute for Senate Bill 7028, a bill to be entitled an act relating to retirement.
  • House Bill 5205, a bill to be entitled an act relating to retirement. Other amendments?
  • House Bill 5205, a bill to be entitled in act relating to retirement. Other amendments?
  • Read the bill third time: House Bill 5205, a bill to be entitled an act relating to retirement.
Summary: The Senate took up the 2026-2027 budget and related implementing bills. Appropriations Chair Hooper presented a $115 billion General Appropriations Bill, saying it reduces overall spending from the prior year, preserves reserves, and includes a 3% raise for state employees and 5% raises for state law enforcement, firefighters, correctional officers, and park rangers. Committee chairs then outlined major budget areas, including K-12 education, higher education, health and human services, criminal and civil justice, transportation/tourism/economic development, and environmental/agricultural agencies. Highlights included increased funding for school safety, teacher and scholarship funding, workforce education, Medicaid and kid care, corrections operations, judgeships, affordable housing, hurricane recovery, Everglades and water quality projects, and arts and cultural grants. Members asked detailed questions about several items. Senators discussed the Emergency Management Trust Fund, cultural arts grant allocations, Florida Forever land acquisition versus conservation easements, teacher salary support, charter school capital outlay funding, Bright Futures and EASE funding, New College funding, DOC deficits and inmate health care/food service costs, the ADAP HIV drug program, Medicaid reductions for non-critical access hospitals, and the use of opioid settlement and COVID relief funds. Chairs explained that some apparent reductions reflected shifts below the line or reclassification, that the ADAP appropriation would only cover about six months, and that some vacant positions were being removed as part of a right-sizing effort. Questions also covered lottery staffing, concealed weapons permit processing, elections security funding, and arts grant selection and proviso language. The Senate then substituted House bills for the Senate budget and implementing measures, amended them into the Senate posture, and passed them. HB 5001 (the appropriations bill), HB 503 (implementing bill), HB 5201 (collective bargaining), and HB 5205 (retirement) all passed 36-0 and were sent to conference. Other budget-related bills also passed, including SB 2506 on fuel taxes, SB 2508 on the state agency law enforcement radio system surcharge, SB 2510 on court trust funds, SB 2512 creating 13 circuit and 12 county judgeships, SB 2514 on K-12 education, SB 2516 on higher education, and SB 2518 on health. Most of these passed unanimously, with the Senate requesting the House either pass the Senate versions or include them in budget conference.
MN

Minnesota 2025 1st Special Session

House Floor Session 5/5/25 - Part 2

Minnesota House Floor Meeting

Transcript Highlights:
  • increase that's uh sufficient to offset increase that's uh sufficient to offset federal<02:04:54.560
  • And as a child, my mom was a DSP who grew into the role of supervisor and will retire next month as an
  • And as a child, my mom was a DSP who grew into the role of supervisor and will retire next month as an
  • And as a child, my mom was a DSP who grew into the role of supervisor and will retire next month as an
  • And as a child, my mom was a DSP who grew into the role of supervisor and will retire next month as an
Keywords: 1183, house
CA
Transcript Highlights:
  • Some of the people at the top of the list are close to retiring.
  • Rejecting return to office could offset the governor's proposed budget cuts for our state's bargaining
  • employee representatives have been able to come up with agreements to achieve savings in a way that offset
  • state worker is something that is going to destroy not only our pension system and our ability to retire
  • Public Employees Retirement System, California State Teachers Retirement System, and that is actually
Summary: The subcommittee heard an informational update on the state’s generative AI implementation and related oversight. Administration officials said several proof-of-concept projects have moved into minimum viable product phases, including work at CDTFA and Caltrans, and that CDPH has a May Revision request for up to $8 million to scale up its healthcare facilities inspections project. The Legislative Analyst’s Office urged the administration to publish a report on lessons learned from each POC and recommended limiting the new generative AI approval process to a pilot through the first two rounds of projects, with continued monthly meetings and stronger legislative oversight. Members pressed for more transparency and questioned why the CDPH request was not included in January; the administration said the cost estimate was not available then and that only one project is seeking additional resources beyond existing departmental budgets. The committee then reviewed a proposed $400 million loan from the Labor and Workforce Development Fund to the General Fund. Finance and the Labor Agency said the fund has grown because civil penalty revenues have risen sharply, and the loan would be repaid in 2029-30 with provisional language allowing earlier repayment if needed. The LAO agreed the fund could support the loan but warned that recent PAGA reforms may reduce future revenues. Public commenters, including labor and community groups, argued the money should instead support labor-law enforcement and outreach programs such as CWOP, and urged rejection of the loan. Members also heard a Department of Industrial Relations request for $19.1 million for phase two of Public Works Information Technology System Enhancements, which officials said will support labor-law enforcement and apprenticeship registration. The department said the project was delayed because a prior procurement did not result in a contract award and that completion is now expected in October 2026. The committee then took up an EDD Next reappropriation technical adjustment to extend UI fund spending authority through June 30, 2026; the LAO said the request was fine but again raised concerns about oversight of the larger modernization effort, which EDD said now totals more than $660 million and is expected to continue through 2029. Finally, the committee discussed DGS’s request for new parking facilities near the May Lee Building and a trailer bill shifting statewide telework policy language from DGS to CalHR while also expanding NDI eligibility for certain CEA employees. The LAO said the telework trailer bill should likely go through the policy committee process instead of budget, and union and employee witnesses strongly opposed it, arguing it would undermine bargaining rights and could be used to narrow telework. In a separate item on the governor’s return-to-office order, administration officials said departments are being directed to move to a four-day in-office expectation starting July 1, 2025, but they had no statewide cost estimate yet because departments are still assessing vacancies, exemptions, and space needs. Members criticized the lack of analysis and said the state should have clearer numbers before moving forward.