Video & Transcript : 'funded ratio' :

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Transcript Highlights:
  • hospitals 3466 is a bill request from the Corporation Commission that eliminates their petty Cash fund
  • They don't use this fund anymore; it's no longer needed, and we'd just like to take it out of the statute
  • Representative, just clarifying that these funds Are passed on to the individual receiving the warrant
WA

Washington 2025-2026 Regular Session

Senate Floor Session Mar 5th, 2026 at 01:45 pm

Washington Senate Floor Meeting

Transcript Highlights:
  • Last line: Transportation Vehicle Fund or the General Fund, as applicable.
  • Transportation Vehicle Fund or the General Fund, as applicable. Senator Dhingra. Thank you, Mr.
  • This is not a solution to properly funding school construction.
  • So if the Attorney General does recover funds, those funds would then get deposited, aside from restitution
  • victims fund.
WA

Washington 2025-2026 Regular Session

Senate Floor Session Mar 5th, 2026 at 09:00 am

Washington Senate Floor Meeting

Transcript Highlights:
  • In the past, it has conflicted with some local junior taxing district's ability to raise funds.
  • The act goes into the general fund, not into the Attorney General's coffers.
  • Asking for a no vote, the funds go into the antitrust revolving fund, which is a self-sufficient fund
  • , so that they can pay for their activities through that fund, and our general fund is not impacted.
  • Activities through that fund, and our general fund is not impacted.
WA

Washington 2025-2026 Regular Session

Senate Floor Session Mar 3rd, 2026 at 06:20 pm

Washington Senate Floor Meeting

Transcript Highlights:
  • State funds for this purpose in the future. Senator Wilson-Claire. Mr.
  • Leadership Council from the Children and Youth Behavioral Health Work Group, and it clarifies that state funds
  • Health Work Group, and it clarifies that while the governor may accept private or other non-state funding
  • for the purposes of Sections 2 and 3 in the bill, the Legislature may still appropriate funds for this
WA

Washington 2025-2026 Regular Session

Senate Floor Session Mar 3rd, 2026 at 02:00 pm

Washington Senate Floor Meeting

Transcript Highlights:
  • Well, this very challenging bill is about finding ways to surgically carve out funding, unfortunately
  • And then it requires that there's a special treatment if the bus has been purchased with federal funding
  • So what we are doing, we had the program originally send 1.2 multipliers of funding to the college for
  • An act relating to inmate funds and amending RCW 72. Last line. Jobs authorized under RCW 72.
  • An act relating to inmate funds and amending RCW 72. Last line. Jobs authorized under RCW 72.
WA

Washington 2025-2026 Regular Session

Senate Floor Session Mar 3rd, 2026 at 10:00 am

Washington Senate Floor Meeting

Transcript Highlights:
  • by expanding access to electric vehicles already being sold in Washington, increasing associated funding
  • to the number of students. ...there are specific numbers of children that can be in a setting and a ratio
  • This bill provides more choices without undermining activities, funding local activities, but also they
  • the prime sponsor, was about, in this case, generating sales tax revenue that goes to the general fund
  • that pays for Was about, in this case, generating sales tax revenue that goes to the general fund that
WA

Washington 2025-2026 Regular Session

Senate Floor Session Mar 3rd, 2026

Washington Senate Floor Meeting

Transcript Highlights:
  • State funds for this purpose in the future. Senator Wilson. Mr.
  • Health Work Group, and it clarifies that while the governor may accept private or other non-state funding
  • for the purposes of Sections 2 and 3 in the bill, the Legislature may still appropriate funds for this
Summary: The Senate considered and passed several House bills. Substitute House Bill 2152, known as Ryan’s Law, would allow limited medical cannabis use for qualifying end-of-life patients in hospitals, nursing homes, and hospice facilities; supporters said it would improve quality of life, and it passed 46-2. Engrossed Substitute House Bill 1604, dealing with search procedures for transgender and intersex individuals confined in local jails and codifying federal Prison Rape Elimination Act-related standards, drew debate over whether amendments were needed and whether the bill would burden or protect staff and inmates; two amendments were rejected, and the bill passed 30-19. Second Substitute House Bill 1906, as amended, increased transparency and consumer protections for water system rates, especially for older or smaller systems, and passed unanimously 49-0. Engrossed Substitute House Bill 1916 tightened voter registration challenge procedures and gave county auditors more discretion in handling challenges; an amendment to broaden who could challenge voters statewide was rejected, and the bill passed 49-0. Engrossed Substitute House Bill 2110, as amended, allowed registered nurses without EMT certification to staff certain inter-facility ambulance transports under specified conditions to reduce delays, and it also passed 49-0. The Senate also passed Second Substitute House Bill 2429, which extends and updates the Children and Youth Behavioral Health Work Group and aligns agency planning with the Washington Thriving Strategic Plan; a committee striker was adopted despite concerns about added government structure, and the bill passed 49-0. Second Substitute House Bill 2384, increasing oversight of continuing care retirement communities through actuarial review and Office of Insurance Commissioner oversight, passed 37-12 after the chamber rejected the committee striker and adopted a revised striking amendment. The session ended with a point of personal privilege from Senator Lovick and an adjournment motion, and the Senate adjourned until March 4, 2026.
WA

Washington 2025-2026 Regular Session

Pension Funding Council Jun 23rd, 2026

Pension Funding Council

Transcript Highlights:
  • To illustrate that point, in terms of the funded ratio change, most plans' funded ratio changed by less
  • Let’s move on to the last topic: funded ratio. Last topic: funded ratio.
  • The funded ratio itself is a point-in-time measurement.
  • ratio, and the bar on the right is the new 2025 funded ratio.
  • In closing, funded ratios for most plans are up from two years ago, and all plans have a funded ratio
Summary: The Pension Funding Council met on June 23, 2026, for a work session that began with an overview of the Higher Education Supplemental Retirement Plan (SRP) and a 2025 accounting valuation of that plan. Staff explained that the SRP is a closed defined benefit supplement for higher education employees hired before the 2011 closure, with employer contributions currently pre-funding benefits in institution-specific trusts while institutions still pay benefits on a pay-as-you-go basis. The State Actuary’s office reported that the plan’s accounting position has improved, with combined market assets of about $245 million against $377 million in accrued liability, and that strong market performance since 2022 has increased the asset-to-liability ratio. The office emphasized that this was an educational accounting valuation, not a funding valuation for rate-setting. The council then received the 2025 actuarial valuation report for the state retirement systems. Actuaries reviewed the recent demographic experience study, noting updated assumptions for mortality, retirement, termination, and salary growth, and said the net impact on most plans was small. They reported that most plans’ funded ratios improved, with all plans at least 94% funded and several at or above 100%, and that contribution rates for the 2027–2029 biennium are generally lower than current rates. They also noted that future rates could be affected by market volatility as deferred gains are recognized over the next few years. During public comment, a representative of the Association of Washington Cities urged the council to consider rate reductions to help local governments facing budget pressures. In executive session, the council first approved a motion directing the Office of the State Actuary to perform an actuarial evaluation and analysis of each institution’s Higher Education Supplemental Retirement Plan, including institution-specific contribution rates, asset sufficiency, and funding policy options, due by July 1, 2028. The council then adopted the 2027–2029 pension contribution rates based on the 2025 actuarial valuation report. Both motions passed 5-0, with one member excused. The meeting concluded with no further business.
WA

Washington 2025-2026 Regular Session

Pension Funding Council Jun 23rd, 2026 at 02:00 pm

Pension Funding Council

Transcript Highlights:
  • To illustrate that point, in terms of the funded ratio change, most plans funded...
  • Let's move on to the last topic: funded ratio. Last topic: funded ratio.
  • When looking at the ratio numbers themselves, you can interpret a funded ratio less than 100% to mean
  • ratio and the bar on the right is the new 2025 funded ratio.
  • In closing, funded ratios for most plans are up from two years ago, and all plans have a funded ratio
MO

Missouri 2026 Regular Session

Joint Committee on Public Employee Retirement Apr 28th, 2026 at 08:30 am

Joint Committee on Public Employee Retirement

Transcript Highlights:
  • , sorry, improve the long-term funded ratio over the long term.
  • How does that affect the fund ratio, the funded ratio, with, it seems like we're a little bit top-heavy
  • So tell me how that affects the funded ratio of the fund.
  • up to at least the 80 or better on the funding ratio.
  • The 32% that rides up to an 80% funded ratio, is that correct?
MO

Missouri 2026 Regular Session

Joint Committee on Public Employee Retirement Apr 28th, 2026

Joint Committee on Public Employee Retirement

Transcript Highlights:
  • You mentioned that the current funding ratio of MOSERS is 55.4%.
  • How does that affect the fund ratio, the funded ratio?
  • So tell me how that affects the funded ratio of the fund.
  • back up to at least the 80 or better on the funding ratio.
  • The 32% that rides up to an 80% funded ratio, is that correct?
Summary: The Joint Committee on Public Employee Retirement held an informational hearing on the Missouri State Employees’ Retirement System (MOSERS) to review its long-term financial condition, funding status, investment performance, experience study results, and possible legislation. MOSERS staff explained that the plan is a statutorily created defined benefit system covering state employees, several colleges and quasi-governmental entities, with an 11-member board and outside actuarial and investment consultants. They reported the June 30, 2025 valuation showed a funded ratio of 55.4%, assets of about $9.6 billion, liabilities of about $17.4 billion, and a FY27 actuarial employer rate of 27.44%, which the board raised to a 32% minimum contribution rate under a policy adopted in 2023. MOSERS attributed the funding decline over time to several factors: reductions in the assumed investment return from 8.5% to 6.95%, mortality assumption updates, a move from open to closed amortization, and especially weak payroll growth and a shrinking active workforce. Staff said the minimum contribution policy is intended to accelerate UAL paydown and could bring the plan to 80% funded by 2037 rather than 2041, assuming all assumptions are met. The committee also discussed the recent experience study, which kept the investment return assumption at 6.95% and made only modest assumption changes, and a proposed 2026 bill package (SB 1557 and SB 1054) that would automatically refund small balances under $1,000 to terminated non-vested members and add auto-escalation to the deferred compensation plan. A substantial portion of the hearing focused on investment strategy and why MOSERS has lagged some peers. The investment consultant said historical underperformance was driven mainly by asset allocation choices that emphasized a more risk-balanced, diversified portfolio with less public equity exposure than peers during a period when equities performed very strongly. He said the board adopted a more equity-oriented allocation in 2024 and is phasing it in over eight quarters, with recent short-term results improving and the portfolio outperforming its policy benchmark. Members also asked about the effect of inactive members, the rationale for the higher employer contribution, and whether the current board should be held responsible for past decisions; MOSERS officials emphasized that the current board is trying to correct course and that pension funding changes take time. The hearing also touched on ongoing litigation against a former private equity manager, Catalyst Capital, with MOSERS saying it has spent about $20 million in legal fees so far and that the case remains on appeal. The committee took no formal vote and adjourned after the informational presentation and questions.
OK

Oklahoma 2026 Regular Session

Appropriations and Budget Human Services Subcommittee Feb 16th, 2026 at 10:30 am

A&B Human Services Subcommittee

Transcript Highlights:
  • I can tell you that the ratio that I'm looking at tightening back down is the infant ratio, which the
  • So I want you to explain the mixed class ratio.
  • My PCS creates a revolving fund, and that revolving fund can accept funds, so this will be a community
  • It can accept funds including federal funds, state appropriations, tribal government contributions, municipal
  • That is why we're creating this revolving fund.
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Transcript Highlights:
  • I can tell you that the ratio I'm looking at tightening back down is the infant ratio, which the bill
  • So I want you to explain the mixed class ratio.
  • So I want you to explain the mixed class ratio.
  • My PCS creates a revolving fund, and that revolving fund can accept funds, so this will be a community
  • It can accept funds from, but not limited to, federal funds, state appropriations, tribal government
Summary: The committee first took up House Bill 2949, as amended by a PCS, which would relax child care staffing ratios in an effort to improve the economics of day care centers and expand availability. Representative Tedford said the bill came from an interim study on child care deserts and that he was open to further changes, including tightening the infant ratio back to 4:1 and possibly reducing the toddler ratio. Members raised concerns about safety, learning, and the lack of data on how the changes would affect staffing and children. After discussion, the committee vote ended 2-2, and the bill did not pass. The committee then heard House Bill 3052, the Sir Major White Bullock Child Protection and Family Notification Act, which would require a more structured DHS response when there are repeat fentanyl-related births, including broader family notification and earlier involvement of extended family. Representative Stewart emphasized that the bill was narrowly focused on fentanyl, did not criminalize mothers, and did not mandate automatic removal. Members discussed whether the bill should also address drug dealers or other drugs, but Stewart said separate legislation would address penalties for fentanyl suppliers. The bill passed unanimously, 5-0. Finally, the committee considered House Bill 3638, with a PCS, to create a summer EBT program and revolving fund to help provide food support for children during the summer months when school meals are unavailable. Vice Chair Guys said the program would supplement existing SNAP benefits and summer meal efforts, and would be funded through a mix of public and private sources. Members asked about overlap with food pantries and school meal programs, and about federal matching and administrative costs. The committee approved the bill 5-0. The meeting then adjourned after all House bills were heard.