Transcript Highlights:

• There would be approximately $154 million added into TRS annually relative to 24 numbers currently.
• <00:03:53.560> Health<00:03:54.200> Insurance following as the TRS Health Insurance
• <00:04:12.000> uh<00:04:12.200> pension over and go directly to TRS uh pension over
• million added into TRS annually relative to<00:04:37.880> 24<00:04:38.400> numbers<00:
• He said staff had told him, and he believed TRS could verify, that the normal cost is about 2%.

Keywords: Meeting Start: 00:17 Attendance Roll Call: 00:41 Approval of Minutes: 02:40 HB 694: 03:16 SB 183: 18:32 Discussion on PPOB Membership: 36:10 Adjournment: 42:35, 958, all

Summary: The committee first approved the minutes from its January 27 meeting and then took up House Bill 694, which would create a default rule for the Teachers’ Retirement System health insurance trust fund once it reaches 100% funding, currently anticipated around 2027. The bill would redirect two funding streams now going to the health trust—state payments on behalf of local districts and other employer contributions—into TRS pension benefits if the health fund reaches and maintains full funding. The sponsor said this would add about $154 million annually to TRS pensions and would only serve as a default if no other plan is adopted later. Members asked whether the bill would shift the unfunded liability to teachers or affect employee contributions. The sponsor and staff said it would not shift liability to teachers and would not change the employee contribution; only the employer-side payments would be redirected. Several members asked about the meaning of actuarial 100% funding, whether the fund could fall back below 100%, and whether employee contributions might be reduced in the future. The sponsor said the bill is based on actuarial projections, would revert the money back to the health trust if funding fell below 100%, and does not prevent future legislative or board action. Senator Higdon and others spoke in support of discussing the issue, noting the 2010 shared-responsibility changes and the need for a default approach as full funding is reached. The committee then heard Senate Bill 183, which would amend Kentucky law governing proxy advisers used by retirement systems. The sponsor said the bill would require proxy advisers, when handling shareholder-sponsored proposals, to act solely in the interest of retirement system members and beneficiaries and to provide an economic analysis when voting against a company board’s recommendation. He argued the measure is aimed at proxy advisers such as ISS and Glass Lewis, which he said often advance ESG-related proposals not tied to shareholder value. A guest from APCIA said the bill is meant to distinguish proxy advisers from investment managers and to strengthen the 2023 law by requiring a clearer economic justification for votes that depart from board recommendations. Members asked how proxy advisers differ from other financial advisers, whether Kentucky uses them, and whether the bill would prevent pension funds from investing in companies with ESG factors if those investments are profitable. The sponsor and guest said the bill would not bar such investments; it is intended to regulate proxy voting recommendations, not investment decisions. They described the bill as a proactive measure to reinforce fiduciary responsibility and limit outside proxy influence on pension voting. No final vote on either bill was taken in the portion of the meeting provided.

Transcript Highlights:

• that provide educational services to our schools and our teachers and therefore are members of the TRS
• program with TRS as are the<00:04:50.759> other<00:04:50.960> service<00:04:51.360>
• That's part of the system, and all the committee sub would do is direct that TRS do an annual review
• insurance trust under TRS for House Bill<00:10:25.120> 441<00:10:26.120> motion<00:10:
• He had actually looked at eliminating some of those provisions, but TRS actuaries were concerned that

Keywords: Consideration of HB 73 02:23 Consideration of HB 441 07:24 Consideration of HB 462 18:44, 958, all

Summary: The House State Government Committee met with a quorum and considered three bills. House Bill 73, as amended by committee substitute, added We Lead CS to the list of agencies participating in the Teachers’ Retirement System administrative provisions. The sponsor explained the bill corrects an oversight involving a computer science education service provider established in 2022. A question about fiscal impact was answered with no expected fiscal note or actuarial impact. The committee adopted the substitute and passed HB 73 19-0 with favorable expression. House Bill 441 addressed teacher shortages by expanding the number of retired teachers and critical-shortage-area teachers school districts may hire. The sponsor said districts could hire retired teachers up to 10% of staff and critical shortage area teachers up to 10%, replacing lower current limits and a temporary COVID-era provision that had expired. Members asked about work limits, salary rules, and how often shortage areas are identified; the sponsor said retired teachers remain subject to existing earnings limits, critical shortage teachers are paid at least a rank-two, 10-year salary, and shortage areas are identified annually by the Commissioner of Education. Supportive comments noted the bill was a stopgap and that long-term solutions should include recruitment, retention, and pay. The committee passed HB 441 19-0 with favorable expression. House Bill 462 would allow county clerks to correct marriage applications or licenses by affidavit, without requiring a lawsuit in circuit court, when there are obvious errors or omissions. The Kenton County clerk and another clerk testified that the change would help people who need corrected records for Social Security, Real ID, inheritance, and other legal purposes, while still preserving data needed by Vital Statistics. Members described the bill as a practical efficiency measure. The committee passed HB 462 19-0 with favorable expression, and the meeting then adjourned.

Transcript Highlights:

• Guthrie from TRS is that 800 million equates to about a year.
• Again, the TRS system is about two hundred and ten billion dollars.
• But for this bill, It's not a threat to the TRS system.
• The system in Texas is associated or affiliated with TRS.
• The TRS. Correct. All right.

Bills: HJR144, HJR218, HB40, HB 101, HB 112, HB146, HB168, HB214, HB413, HB1523, HB493, HB521, HB594, HB557, HB305, HB549, HB854, HB 1057, HB 1052, HB842, HB3174, HB3311, HB2486, HB3196, HB824, HB 1039, HB2529, HB2713, HB4936, HB4995, HB4830, HB4864, HB5219, HB5263, HB5154, HB2674, HB5525, HB5623, HB2545, HB2587, HB2625, HB5520, HB5436, HB4926, HB1573, HB5165, HB4811, HB5081, HB4755, HB3179, HB4310, HB4611, HB2159, HB4626, HB3637, HB3153, HB3066, HB2786, HB2966, HB638, HB640, HB876, HB497, HB5539, HB4809, HB5308, HB4687, HB4070, HB4421, HB4412, HB3284, HB3369, HB3420, HB3449, HB4098, HB4281, HB4120, HB4504, HB4370, HB 1106, HB2370, HB2404, HB3863, HB2407, HB2253, HB2273, HB2040, HB1586, HB3788, HB3993, HB4690, HB4309, HB4696, HB2308, HB 1142, HB1533, HB1621, HB2242, HB2012, HB2193, HB2442, HB2464, HB2348, HB2313, HB2289, HB1942, HB2011, HB1629, HB2993, HB3592, HB3824, HB4076, HB4535, HB4623, HB4773, HB 1091, HB5115, HB5515, HB3372, HB5659, HCR118, HB 1233, HB2239, HB2379, HB2863, HB3368, HB3787, HB3815, HB3898, HB4023, HB4285, HB4329, HB4331, HB4429, HB4646, HB4904, HB5200, HB5320, HB5651, HB5662, HB5668, HB5670, HB5672, HB5674, HB5676, HB5679, HB5688, HCR108

Keywords: regional mobility, transportation authority, local law, constitutional amendment, public projects, Texas energy fund, energy efficiency, retail electric customers, electric generating facilities, business court, civil procedure, litigation, jurisdiction, arbitration, Texas State Guard, task force, professionalization, state missions, critical infrastructure, science park district

Transcript Highlights:

• <00:14:03.199> Uh, TRS, the teachers retirement system.
• Uh, TRS, the teachers retirement system.
• asked to include numbers for uh for TRS asked to include numbers for uh for TRS payments<00:14:54.880
• Those payments are made on behalf of the districts to TRS from KDE.
• behalf of the districts to TRS from KDE. behalf of the districts to TRS from KDE.

Keywords: Meeting Start 00:00:00 History of SEEK 00:02:15 Summary of On-Behalf Payments 00:12:40 Discussion on Collection of University Debt Department of Revenue 00:32:40 Northern Kentucky University 00:57:10, 958, all

Summary: The committee met with a quorum, approved the minutes from the September 17 meeting, and heard a presentation from Kentucky Department of Education staff on SEEK school funding and KDE on-behalf payments. KDE explained recent SEEK changes, including the guaranteed base per-pupil amount, attendance-based calculations, second-month and January growth, the 2022 change funding kindergarten at 100% instead of 50%, and the existing add-ons for at-risk students, exceptional children, limited English learners, home/hospital instruction, and transportation. Staff also reviewed tier one funding, noting the 2024 increase from 15% to 17.5% and explaining that eligibility depends on local tax effort and property wealth. They also described Senate Bill 6 from the 2025 session as a reporting proposal to include on-behalf costs in education spending totals. KDE staff then outlined on-behalf payments made for districts, including roughly $458 million for Teachers Retirement System contributions, $942 million for health insurance, about $12 million for technology costs, and additional SFCC debt service outside KDE’s appropriation, for a total of about $1.5 billion. Members asked how a future Senate Bill 6 would affect local contributions and whether folding on-behalf payments into SEEK would shift costs among districts. KDE and Senator Gibbons clarified that the bill was intended only as a reporting mechanism and would not change local contribution or district payments; it would simply present a broader total of state education investment. The discussion also noted that Kentucky’s reported SEEK amount alone does not capture all state education spending. Members raised questions about home and hospital instruction data, saying local concerns suggest growth in some communities even if statewide numbers appear stable. KDE said the statewide figure has been relatively consistent but offered to provide district-level trend data. Co-Chair Petrie also asked about the accuracy of SEEK projections and on-behalf calculations, referencing prior concerns from the Office of Education Accountability. KDE responded that it works with the state budget director’s office in a consensus forecasting process and has been reviewing demographic and property-assessment data, including exceptional child counts, to improve forecast accuracy.

Transcript Highlights:

• The second, we will have TRS and ERR. Again with two panels today.
• I want to get TRS and the ERS up pretty soon.
• I'll start with the slide that basically just reorients you to TRS.
• I think it'd be really helpful for ERS and TRS.
• It would be really helpful for ERS and TRS.

Keywords: 1184, house, all

Transcript Highlights:

• And this one is a bill that I've been working on with TRS at... >> Interrupted.
• Um, other concerns that we have with TRS, they've experienced annual negative cash flows.
• Um, other concerns that we have with TRS, they've experienced annual negative cash flows.
• through our digging with TRS to finally have brought this issue to where we better understand it.
• TRS through our digging with TRS to TRS through our digging with TRS to finally<00:34:38.240> have

Keywords: Meeting Start: 00:05 Attendance Roll Call: 00:10 SB 70 Discussion: 00:58 SB 70 Vote: 04:36 SB 80 Discussion: 05:16 SB 80 Vote: 31:45 SB 127 Discussion: 32:30 SB 127 Vote: 39:38 SB 154 Discussion: 41:25 SB 154 Vote: Adjournment: 47:14, 958, all

Summary: The committee first considered Senate Bill 70, which would modify the Public Pension Oversight Board by adding one House member and one Senate member, automatically placing the House and Senate chairs of state and local government on the board, adding the state treasurer, broadening who the Speaker and Senate President may appoint, and reducing the governor’s board appointments from two to one. After a brief procedural correction about a committee substitute, the bill was explained and then passed by a 9-0 favorable vote. The committee then heard Senate Bill 80, a constitutional amendment to restore voting rights to people with felony convictions after they complete imprisonment, probation, and parole, while excluding certain offenses such as election fraud, violent felonies, sex offenses, and crimes against children. The sponsor and Senator Herron argued that Kentucky’s current system is confusing and leaves the state as one of the few with lifetime disenfranchisement, while witnesses from the Sentencing Project, the League of Women Voters of Kentucky, and an advocacy group for people with lived experience supported restoration but urged a simpler, broader, automatic approach without offense-based carveouts. Committee members raised questions about implementation, clerk guidance, and how the proposal interacts with expungement and gubernatorial pardons; one senator specifically asked whether serious offenders, including child rapists, would regain voting rights under a broader version, and the witness answered yes. The bill passed with a favorable expression by an 8-1 vote. The transcript then began discussion of Senate Bill 127, also sponsored by Senator Hickden, but the exchange was cut off before the bill was fully explained or any vote was taken.

Transcript Highlights:

• I was appointed to the TRS board in June of last year, subject to your approval.
• My role, and my governor's role as a trustee of an organization like ERS and now TRS.
• You did well, and that's why the governor's got you now at TRS. over to TRS, and it's very important
• Did you say TRS? ERS. We'll get to TRS. Okay. No, no, no. I apologize. Yeah.
• He is not here before us today, but is on the list, as well as John Rutherford for TRS.

Keywords: 1185, senate, all

Transcript Highlights:

• It also includes cleanup language from TRS.
• You know, they're all things that we've talked about in the past, and TRS that they brought that schools
• TRS is the only retirement system in state government that allows for annual leave to be counted toward
• It also includes cleanup language from TRS.
• It also includes cleanup language from TRS.

Keywords: Consideration of SB 176 01:52 Consideration of SB 104 05:03 Consideration of SB 9 08:09 Consideration of SB 129 18:50 Consideration of SB 178 31:20, 958, all

Summary: The House State Government Committee met with a quorum and took up several Senate bills, adopting committee substitutes where offered. Senate Bill 176, relating to statutory committees within the Legislative Research Commission, was presented by Senator Matt Nunn as a cleanup and process-streamlining measure for appointments, vacancies, and appointing authorities. It passed the committee 15-0 with a title amendment. Senate Bill 104, presented by Senator Scott Maiden and the Kentucky Public Employees Deferred Compensation Authority, would update deferred compensation law by adding a fiduciary standard, allowing less expensive liability insurance, making federal-law compliance self-correcting, and authorizing a self-directed brokerage account option. It passed 15-0 with favorable expression. Senate Bill 9, presented by Senator Jimmy Higdon, would change teacher retirement-related leave provisions, including up to 30 days of maternity leave, a 13-day annual rollover toward retirement, limits on using annual leave to increase retirement benefits, reporting requirements, and related cleanup provisions. After questions about maternity leave, district flexibility, and the actuarial cost of additional days, it passed 15-0 with favorable expression. Senate Bill 129, presented by Senator Rocky Adams and House sponsor Representative John Hudson, was described as a housing and redevelopment measure aimed at vacant, abandoned, and tax-delinquent properties in Louisville. Testimony focused on allowing qualified nonprofits to purchase certain tax-delinquent properties after a waiting period, along with provisions on density development, accessory dwelling units, urban development incentives, fire and code enforcement recovery, a Central Business District tax fix, and changes to binding elements. Members raised concerns about nonprofit qualifications, land bank overlap, and county clerk burden; the bill passed 13-1 with one pass and received a title amendment. Senate Bill 178, presented by Senator Mike Nemes, was a short reorganization bill to codify the transfer of the Department of Disability Determination Services Program from the Cabinet for Health and Family Services to the Labor Cabinet. It passed 12-0. The committee then recorded additional votes and adjourned, with the chair thanking members and staff, noting it was likely the final meeting of the year.

Transcript Highlights:

• want to uh relate to the committee want to uh relate to the committee representative<00:12:44.920> TR
• <00:12:45.720> uh<00:12:45.959> pretty<00:12:46.199> simple representative TR
• it uh pretty simple representative TR it uh pretty simple bill<00:12:46.920> just<00:12:47.399
• resolution 32 is amended by 21 house TR resolution 32 is amended by phs1<00:24:19.279> having
• districts and the Educators the TRS districts and the Educators the TRS medical<01:04:54.240>

Keywords: Meeting start 00:06:05 Roll Call 00:06:33 HB 152 Discussion 00:07:55 HB 152 PHS 2 Vote 00:10:12 HB 545 Discussion HB 545 PHS 1 Vote 00:13:47 HB 606 Discussion 00:15:15 HB 606 Vote 00:16:32 HJR 30 Discussion HJR Vote 00:19:07 HJR 32 Discussion 00:20:25 HJR 32 PHS 1 Vote 00:23:11 HJR 34 Discussion 00:25:04 HJR 34 PHS 1 Vote 00:28:50 HJR 46 Discussion 00:30:09 HJR 46 Vote 00:34:15 HJR 53 Discussion 00:35:40 HJR 53 Vote 00:38:55 HJR 54 Discussion 00:40:15 HJR 54 Vote 00:40:50 HB 546 Discussion 00:42:15 HB 546 PHS 1 Vote 00:46:15 HB 605 Discussion 00:47:38 HB 605 PHS 1 Vote 00:52:10 HB 694 Discussion 00:53:46 HB 694 Vote 01:07:47 HB 695 Discussion Only 01:10:20, 958, all

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.

Transcript Highlights:

• But on TRS, you know, we've heard a lot of misinformation and lies out there that the.
• The Texas Senate has a plan that would defund TRS, which is complete baloney.
• And so whenever we do that, that requires the state to put more money into TRS, right?
• Yes, we'll make significant increases to TRS this session to bolster TRS and continue to protect it.
• TRS testified in Senate Finance last week.

Bills: SB26, SB 26

Keywords: teacher compensation, education funding, public school educators, teacher retention, teacher designation, SB 26, Texas Property Code, colonia, colonias, Spanish translation, bilingual contract, real estate contract, executory contract, residential property, border county, international border, economically distressed area, consumer protection, language access, translator certified in Spanish

Transcript Highlights:

• We've got TrS as our last presentation. It is...
• TrS is a...
• If you have any questions about TrS, our website is a great place to go.
• TrS has been in operation for 82 years now.
• This is their total compensation that they pay into TrS.

Keywords: 914, all

Transcript Highlights:

• I'm Dayton, legislative leaison for TR.
• <00:46:39.440> Moahan, sacrifices of TR retirees. Mr. Moahan, sacrifices of TR retirees.
• And TR claims to want more reasons.
• This bill will give TR parody thing. This bill will give TR parody with<02:05:07.040> St.
• real possible um for our members in TR real possible um for our members in TR and<02:15:28.239><

Keywords: 1187, senate, all

Transcript Highlights:

• previous Tier 1 through 3 TRS members.
• previous tier tier 1 through 3 TRS previous tier tier 1 through 3 TRS members.<00:06:56.200>
• Because that is the cash-out value at the end for retirement for TRS tiers 1 through 3 members.
• factor into TRS uh at the end. factor into TRS uh at the end.
• Again, I go back to TRS Tier 1 through 3.

Keywords: 958, all

Summary: The Senate Education Committee opened with roll call, recognized homeschool families and Military Kids Day guests, and then took up two bills sponsored by Senator Matt Nunn. Senate Bill 124 would let local school districts create an optional sick-leave cash-out program for teachers, with payouts at current salary rates, a 15-day minimum remaining balance, and a cap discussed in the testimony. Supporters, including Scott County Superintendent Billy Parker, said the measure is intended to reduce substitute shortages, give teachers more flexibility, and avoid adding state pension liability; committee members also noted a related provision allowing use of sick days for religious holidays not on the school calendar. The committee adopted a sub on Senate Bill 124 and then passed the bill unanimously after a motion, second, and roll call vote. During discussion, members emphasized the compounding value of the cash-out option for teachers and the potential benefit to families, while Senator Higdon and others praised the bill as a win-win for districts and staff. The committee then moved to Senate Bill 101, also by Senator Nunn, and adopted a committee substitute by voice vote. Nunn said the sub removed a provision that would have allowed county attorneys to charge some 14- and 15-year-olds as adults. As amended, the bill requires local boards to adopt a policy imposing at least a 12-month expulsion for students in grades 6-12 who assault, batter, or abuse school personnel without provocation, with an exception for disability-related conduct under an IEP, and requires immediate reporting of intentional assaults or attempted assaults on school employees to law enforcement, with penalties for noncompliance. Nunn and a teacher who submitted a written statement described the bill as a response to repeated assaults on educators and the fear and injuries that can drive teachers from the profession. Members began questioning the bill, with Senator Carroll asking about alternative school options for expelled students; discussion was still underway when the transcript ended, and no final vote on Senate Bill 101 was shown in the provided text.

Transcript Highlights:

• One is for an ongoing COLA for Plans 1 of PERS and TRS beneficiaries.
• We ask that the COLA be structured as that of the annual COLA for PERS and TRS Plan 2.
• We ask that the COLA be structured as that of the annual COLA for PERS and TRS Plan 2 recipients.
• We ask that during the interim, legislation be constructed and proposed to provide PERS and TRS Plan
• Chair, about funding of a COLA, which certainly I'm advocating that PERS 1 and TRS 1 be funded.

Keywords: 904, all

Summary: The Select Committee on Pension Policy approved its minutes by roll call vote, then postponed an OSA annual update due to a family emergency. The committee received an Open Public Meetings Act refresher from Assistant Attorney General Kate Adams, who reviewed key compliance points including quorum and serial meetings, notice and agenda rules, executive session limits, public comment requirements, and the consequences of violations. She also noted a litigation hold notice sent to members and provided resources for further guidance. Staff then briefed the committee on E2 Second Substitute House Bill 2034, which restates and terminates LEOFF 1 on June 30, 2029, creates a restated LEOFF 1 funded by transferred assets, and places excess assets into a pension surplus holding account that could later be used by the state. The bill requires DRS to seek IRS guidance, directs OSA to calculate the transfer amount and assess any future unfunded liability, assigns implementation duties to DRS, OSA, the Pension Funding Council, the State Investment Board, and the Treasurer, and requires two SCPP studies on LEOFF 1 medical benefits and policy oversight. OSA’s actuary estimated the transfer to the surplus holding account at about $3.9 billion under current assumptions and said the bill increases the modeled chance of future state contributions if the restated plan falls below 100% funded; members asked about IRS timing, the 2029 transfer date, and whether the 110% buffer is sufficient. The committee also received an update on the LEOFF 1 medical benefits study required by the bill. Staff said the study will examine the administration of pension boards and medical liabilities, likely focusing on medical benefits, and will gather anonymized data from local boards, cities, counties, and related agencies over the next three years. Members and public commenters discussed the number and structure of local boards, whether spouses receive medical benefits, and the possibility of regionalizing or consolidating administration. No action was taken, but staff said they would return with milestones and further updates. Finally, staff outlined a possible Plan 3 study, prompted by DRS, to evaluate whether the original goals of Plan 3 have been met after 30 years. The proposed study would review historical context, member choice outcomes, policy questions, and possible recommendations over a two-year period. The committee also heard an update on new correspondence procedures, including a new online web form, a correspondence log in meeting packets, and removal of correspondence from the public website. During public comment, retiree groups urged the committee to pursue an ongoing COLA for PERS and TRS Plan 1, with interim ad hoc COLAs until then, while LEOFF 1 retirees urged caution about changing the current board structure and emphasized the complexity of medical benefit administration.

Transcript Highlights:

• That same offer was made to TR teachers who said no.
• did not want that, and now we've given the entire portion of what was allocated to teachers to just TR
• That same offer was made to TR increase.
• and we left out to teachers to just TR and we left out St.<00:27:29.520> Paul<00:27:29.760>
• And so I million that was going to TR.

Keywords: 1183, house

Transcript Highlights:

• I'm confident his continued service will be a great benefit to TRS and many teachers who rely on it.
• I was appointed subject to y'all's approval to the TRS board in June of last year.
• I'd also like to thank his appointments team for having the confidence in me and to appoint me to TRS
• , now over the TRS.
• TRS. And it’s very important, as you’re aware, to keep that fund solvent.

Summary: The Senate Committee on Nominations met to consider several gubernatorial nominees and first approved a slate of nominees left pending from the March 31 agenda. The committee voted 5-0 to favorably report those nominees to the full Senate for confirmation. Public testimony was then opened and later closed, with some listed witnesses not appearing. The committee heard testimony on Jerry K. Weldon II for the Brazos River Authority Board of Directors. Senators focused on stewardship of the Brazos River, the authority’s relationship to the legislature and the public, Sunset review, water quality and nutrient runoff, impaired waterways, and possible uses of constructed wetlands for aggregate mine reclamation. Weldon emphasized collaboration, transparency, and keeping the citizens of Texas as the authority’s primary customer. Commissioner Robert Vaughn was considered for reappointment to the Texas Transportation Commission. Discussion centered on TxDOT’s management, rural funding, population growth, project delivery, and the commissioner’s role on the audit committee. Doug McCreakin was considered for the Texas Tech University Board of Regents, with questions about legislative priorities, compliance with DEI-related state law, workforce development, rural medical education, and university partnerships. Jody Giles was considered for reappointment to the University of Texas Board of Regents, and Bernadette Carrasco Coleman for reappointment to the Texas Woman’s University Board of Regents; both discussed higher education priorities, PUF funding, compliance with state law, and student support programs. John Rutherford was considered for reappointment to the Teachers Retirement System Board of Trustees, with questions about fiduciary oversight, investment understanding, and keeping the retirement system solvent. Brigadier General Michael Boyd was also considered for appointment to the Texas Military Preparedness Commission, where discussion focused on military retention, child care, spouse licensing, base infrastructure, and grant funding for Texas installations. The committee did not take final votes on these later nominees during the hearing and left them pending subject to the call of the chair.

Transcript Highlights:

• It's not TRS, or is it both all state employees. OK, so in the set, that's a good question.
• That's TRS active care so public, a lot of your public schools.
• Uh, part three, primary care coverage plan under Chapter 1579, that is TRA TRS retired employees and
• ERS TRS, all of that. That's my understanding. OK. All right, thank you.
• before you close, I just want to let the committee know that we do have resource witness from ERS and TRS

Bills: HB201, HB272

Keywords: disabled veteran, partially disabled veteran, veterans property tax exemption, homestead exemption, ad valorem tax, property tax relief, surviving spouse, appraisal district, Tax Code, local government revenue, homestead portability, service-connected disability, veteran benefits, Texas property tax, residence homestead, disability rating, disaster response, financial assistance, helicopter, municipalities

Transcript Highlights:

• For state employees I just want to clarify this it's just ERS employees it's not TRS or is it both?
• That's TRS active care. So public's a lot of your public schools.
• Part three, primary care coverage plan under Chapter 1579. nine, that is TRS retired employees, and then
• ERS, TRS, all of that. That's my understanding, yes. All right, thank you.
• protections which are already state law on the commercial side and it makes it applicable to our ERS, TRS

Bills: HB201, HB272, HB618, HB 1094, HB 1142, HB201, HB272

Keywords: financial crime, card fraud, motor fuel theft, law enforcement, criminal activity, skimmers, prevention, training, credit card fraud, debit card fraud, prosecution, illegal possession, state law, HB 618, Texas insurance code, IVF, in vitro fertilization, fertility treatment, infertility coverage, government employee health benefits

Transcript Highlights:

• When the 2008-2009 recession hit, the TRS funded ratio really went down, and the employer... really went
• RSAs, this is just kind of informational of what the TRS retiree population looks like, because we hear
• are still currently paying out, and now... are still currently paying out, and now this is ERS and TRS
• So for TRS, a 1% COLA, if y'all... pre-funds.
• I think ERS is below 60, if I'm right, and TRS...

Bills: HB188, HB52

Keywords: healthcare, insurance, patient rights, medical treatment, access, affordability, income tax, CHOOSE Act, education funding, ABLE account, tax credits, poverty threshold, legislative funding, 1136, house, all

Transcript Highlights:

• However, we do manage two health care programs as well. both TRS CARE and TRS ACTIVE CARE.
• Turning to slide 6, TRS CARE also receives general revenue appropriations based on a formula.
• TRS Active Care is a.
• But on average, just so you all know, current TRS retirees are still about 30% behind inflation.
• TRS has already talked about, and I'm happy to answer any questions that y'all have.

Keywords: 1184, house, all