Video & Transcript : 'pension legislation' :

Page 62 of 500
KY
Transcript Highlights:
  • The council has spoken with legislators and has met with Legislative Research Commission staff to determine
  • In Arkansas, it required legislation. However, it is implemented.
  • </c> The council has spoken with legislators The council has spoken with legislators and<01:01:13.520
  • </c> and has met with the legislative and has met with the legislative research<01:01:15.119><c> commission
  • However, it is it required legislation.
Keywords: 958, all
Summary: The committee approved the minutes from its August 21 meeting and then received an update from Kentucky Horse Racing and Gaming Corporation leadership on implementation of Senate Bill 299 and House Bill 566. Jamie Eids and staff described the agency’s new structure after charitable gaming was brought under the corporation, including new divisions, staffing, banking, payroll, insurance, procurement, and reporting systems. They also unveiled the corporation’s new logo and tagline, and said the transition had been designed to avoid interruption for charities, licensees, and racing operations. A major focus was the fee structure required by House Bill 566. Eids outlined current licensing fees across racing, sports wagering, and charitable gaming, compared Kentucky’s fees with other states, and recommended keeping the status quo for one more year because the agency has only recently brought all three components fully in-house. Members asked about whether charitable gaming had harmed veterans’ groups or other nonprofits, whether any revenue should be transferred back to the state, and whether the charitable gaming licenses cover one-off raffles as well as standing operations. Eids said she had not heard complaints, said the licenses include all such activity with some exemptions, and agreed to look at the question of future transfers. The committee then heard from Melissa Combs Wright on pari-mutuel wagering and Hannah Sims on sports wagering. They reported continued growth in historical horse racing, more than $11 billion in total pari-mutuel wagering in fiscal year 2025, over $10.5 billion in HHR wagers, and about $161 million in pari-mutuel tax revenue, with most of that supporting the general fund and horse-breeding development funds. They also said sports wagering has generated nearly $5 billion in wagers since launch, $73 million for the public pension fund, and more than $2 million for problem gambling services, while expanding to 13 retail locations and 92 additional sports events. Members raised concerns about players being cut off after winning, the lack of local government revenue sharing from gaming facilities, and the growth of computer-assisted wagering; the witnesses said they were reviewing CAWs and that Kentucky does not license poker rooms through the corporation.
OK
Transcript Highlights:
  • and Medicare, and your money will not continue to come in and raise up, which is Evident with the pension
  • Really appreciate all the members who we've been working with on this important legislation.
  • But I will say that there are about a dozen states that have passed legislation along these lines, and
  • The contractors I spoke with are for this piece of legislation. Thank you for that question. No.
  • Let's thank our sergeants, the dy staff, clerk's office, bill processing, our legislative assistants.
OK
Transcript Highlights:
  • and Medicare, and your money will not continue to come in and raise up, which is evident with the pension
  • Is this a request bill from the... ...who is interested in this piece of legislation.
  • I really appreciate all the members who we've been working with on this important legislation.
  • But I will say that there are about a dozen states that have passed legislation along these lines, and
  • The contractors I spoke with are for this piece of legislation. Thank you for that question.
Summary: The House convened, heard an invocation from Rep. Kendrix, and recognized Dr. Jason Reagan as doctor of the day. Members then took up a long series of bills, with most moving through amendment, third reading, and final passage. Early measures included HB 3407 on abandoned personal property/manufactured homes, HB 1242 expanding agricultural sales tax exemptions to deer and elk, and HJR 1081 proposing a constitutional property-tax freeze for certain seniors; the senior tax resolution drew extended debate over valuation thresholds, renters, and county fiscal effects before passing. HB 3443 redirected funding for the Way Station Revolving Fund, HB 3781 changed insurance rate filing timing, and HB 1939 addressed Turnpike Authority notice procedures and landowner notification, including certified mail and a one-mile notification area. All three passed. The chamber also approved several criminal justice and public safety measures. HB 4237 and HB 3430, both part of a negotiated criminal-justice package, passed after title-only amendments; HB 3321 shifted to reporting on cost arrest warrants and passed with an emergency clause; HB 3905 clarified GPS monitoring for certain domestic-violence and stalking defendants; HB 2941 required first responders to notify law enforcement about suspected overdoses and created immunity for good-faith reporting; and HB 3695 refined the definition of great bodily injury in DUI cases. HB 3329 repealed the long-term care facility advisory board, and HB 4421, “Leo’s Law,” aimed at protecting children from fentanyl exposure in homes, was amended to address residue cleanup and reporting concerns before passage. Other notable actions included HB 4253, which would give teachers access to professional educator groups; it passed the House but the emergency clause failed. The bill prompted substantial debate over teacher choice, bargaining units, and whether the measure would create multiple representation arrangements. The House also passed HB 4311 increasing the Treasurer’s share of the unclaimed property administration fee, HJR 1046 providing a one-year ad valorem tax break for homes destroyed by disaster, HB 2015 on landlord-tenant issues, HB 3244 strengthening fraud and identity-theft laws, HB 4265 naming memorial roads and bridges, HB 3941 raising secretary/bailiff pay, HB 4203 allowing single-stair small multifamily units, HB 3380 on foster care transparency and outcomes, HB 3132 and HB 3134 on higher-education accreditation and DEI-related standards, and HB 3673 allowing certain expired electrical licenses to be reinstated. Most measures passed with broad support, while a few drew opposition over fiscal impact, legal concerns, or policy implications.
OK
Transcript Highlights:
  • Thank you for that, but no, the intent for this legislation is to complete the application.
  • We don't need legislation for every issue in the state. Let's not be ridiculous.
  • Speaker, I'm gonna encourage everybody today to support this legislation because, at the end of the day
  • Is there any specific example that led to this legislation?
  • When the process improves or in any way changes, we would then have to legislate those changes.
OK
Transcript Highlights:
  • So, there's a piece of legislation that you feel would work to to put the heat on them.
  • The reason was is because this was found out later on in the legislative process.
  • So it came after the issue was brought up after the deadline for filing legislation in December.
  • I believe this piece of legislation is ineligible to be heard and under rule 8.4a.
  • To update to federal farm legislation, but we have a long history, even back to the old west.
OK
Transcript Highlights:
  • I'd also like to thank Leader Mark Lawson and his office for sponsoring the joint legislative citation
  • The reason was because this was found out later on in the legislative process.
  • So it came after the issue was brought up after the deadline for filing legislation in December?
  • I believe this piece of legislation is ineligible to be heard under Rule 8.4A.
  • I mean, first of all... ...legislation, but we have a long history, even back to the Old West.
Summary: The House convened, heard the prayer and Pledge of Allegiance, recognized the Doctor of the Day, and held several special presentations, including the Bethany Youth Council and a centennial recognition for Ascension St. John. The chamber then took up a long series of bills on second and third reading, with members asking questions on hospice care, broadband, funeral director continuing education, economic development, court reporters, DUI-related GPS monitoring, banking discrimination, statutory interpretation, electronic filings, intoxicating hemp beverages, homemade food production, youth apprenticeships, domestic violence, school communications with minors, firearms definitions, and outdoor warning sirens. Among the measures considered, House Bill 3645 on hospice referrals for patients without next of kin or a durable power of attorney passed 16-0. House Bill 3649, allowing proceeds from certain state property sales to remain in the mental health real estate trust, passed 15-0. House Bill 2293 extending the Oklahoma Broadband Office sunset to 2030 passed 84-10. House Bill 3216 adding the Oklahoma Funeral Directors Association to approved continuing education providers passed 94-0, and House Bill 3176 directing Commerce to pursue national lab and innovation opportunities passed 51-37 after extensive debate about its aspirational nature and cost. Other bills approved included HB 3177 on Corporation Commission court reporter pay and retention, HB 3114 removing DUI with great bodily harm from DOC GPS monitoring eligibility, HB 3172 restricting adverse banking actions by large financial institutions against lawful activity, HB 3322 on statutory interpretation, HB 3323 removing notarization requirements for electronic Service Oklahoma submissions, HB 4248 restricting certain intoxicating beverages to those 21 and older, HB 3720 expanding the Homemade Food Freedom Act, HB 2210 modernizing youth apprenticeships, HB 1322 creating a domestic violence offender registry, HB 1937 revising school communications with minors and receiving emergency passage, HB 3301 aligning state firearms definitions with federal law, and HB 4107 criminalizing hacking or unauthorized activation of outdoor warning sirens. Most bills passed with broad support, though some drew significant questioning over fiscal impact, public safety, and implementation details.
OK
Transcript Highlights:
  • ...to file legislation that would remove people from the intent of becoming a voter.
  • But no, the intent for this legislation is to complete the application.
  • We don't need legislation for every issue in this state. Let's not be ridiculous.
  • Is there any specific example that led to this legislation?
  • The legislation has a structured framework for salaries and bonuses.
Summary: The House convened after a quorum call, welcomed visitors in the galleries, and then took up a series of bills. HB 4104, relating to the Sex Offenders Registration Act, was explained as making second or subsequent misdemeanor “peeping tom” offenses a felony and making felony convictions under that statute registrable; it passed 91-0. HB 3722, an elections bill, drew extended debate over whether a voter registration application should be considered incomplete if the applicant leaves party affiliation blank; supporters said the state should not infer intent, while opponents argued the change would create an unnecessary barrier and could disenfranchise voters. The bill passed 75-18. HB 3787, as amended, clarified that any person appointed to fill an unexpired term in an elected office must be a U.S. citizen; it passed 79-13. HB 3700, from the Oklahoma Free Speech Committee, requires colleges and universities to grade students on academic content rather than opinions or beliefs, and it passed with an emergency clause. HB 3701 codifies the Regents’ process for reviewing low-performing degree programs and passed with an emergency clause as well. The House also passed HB 3310 on state government transparency and accountability 94-0, HB 3404 creating a framework for prescribed burn associations and financial relief 89-4, HB 2964 on medical records fees after amendment 92-0, HB 2398 allowing postsecondary institutions to designate credentials of value 70-20, HB 3024 on transparency for state employee pay and bonuses 79-9 with an emergency clause, HB 3499 allowing special judges to hear certain title-issuance cases 84-5, HB 3278 providing corrections for Open Meeting Act violations without going straight to district court 82-4, and HB 3279 updating public corruption rules to address contract and post-employment conflicts 10-? (the transcript indicates passage but the exact final tally is unclear). The session ended with adjournment until Wednesday, March 11, 2026, at 10:30 a.m.
AL

Alabama 2026 Regular Session

Alabama House Public Safety and Homeland Security Committee Jan 21st, 2026

Public Safety and Homeland Security

Transcript Highlights:
  • We are opposed to any legislative changes regarding any type of cycle that legislator believes needs
  • We are opposed to any legislative changes regarding any type of cycle that legislator believes needs
  • Dixie ABATE has always been about sensible legislation for riders.
  • Dixie ABATE has always been about sensible legislation for riders.
  • </c> about sensible legislation for riders. about sensible legislation for riders.
Bills: HB1 , HB198 , HB11 , HB32 , HB33 , HB34 , HB56 , HB68 , HB72 , HB101 , HB102 , HB110 , HB154 , HB166 , HB168 , HB274 , SB114 , HB1 , HB198 , HB11 , HB32 , HB33 , HB34 , HB56 , HB68 , HB72 , HB101 , HB102 , HB110 , HB154 , HB166 , HB168 , HB274 , SB114
TX

Texas 89th Regular

Judiciary & Civil Jurisprudence Apr 9th, 2025

Judiciary & Civil Jurisprudence

Transcript Highlights:
  • pension increase.
  • The bill is specifically drafted so that it applies to the base pay, which is what legislative pensions
  • So, the base pay on which legislative pensions are based remains at $140,000.
  • Truthfully, you're cutting your pension because your pension will stay based on a dollar amount that's
  • Or as pension.
WA

Washington 2025-2026 Regular Session

Senate Pro Forma Floor Session Feb 24th, 2026

Washington Senate Floor Meeting

Transcript Highlights:
  • Nelson helped advance and secure the passage of 42 pieces of legislation, strengthening the Law Enforcement
  • Nelson played a critical role in advancing significant and impactful legislation benefiting Washington's
  • officers and firefighters, including legislation establishing and strengthening the line-of-duty death
  • Think about that in today's pension world.
  • Wednesday, February 25th, the policy committee cutoff in the 45th legislative day.
Summary: The Senate met on Monday, February 23, 2006, approved the previous day’s Journal, and handled routine committee and House message referrals. Among the referral actions, Substitute House Bill 2140, concerning land classified under current use sold or transferred to a governmental entity, was sent to the Committee on Ways and Means. Senate Bill 6355, concerning the electric transmission system, was introduced and held at the desk. The chamber then took up several resolutions honoring individuals and community traditions. Senate Resolution 8685 recognized Steve Nelson for 34 years of public service, including his leadership of the Law Enforcement Officers and Fire Fighters Plan Retirement Board; Senator Holy spoke in support, and the resolution was adopted by voice vote. Senate Resolution 8695 honored the Daffodil Festival and its Royal Court in Pierce County; Senators Gildon, Peterson, and Conway spoke in support, and it too was adopted by voice vote. During personal privilege remarks, a senator paid tribute to Paul Brainerd, founder of Aldus and a major figure in desktop publishing and philanthropy, noting his contributions to technology, nonprofit work, and environmental education. The Senate also announced a Rules Committee meeting after adjournment and then adjourned until Wednesday, February 25, 2006.
KY

Kentucky 2026 Regular Session

House Standing Committee on Families and Children. (2-12-26)

Families & Children

Transcript Highlights:
  • Uh, once we know that it's okay, we will remove the pilot portion of the legislation. &gt;&gt; Yes.
  • Uh, once we know that it's okay, we will remove the pilot portion of the legislation.
  • We've got a few changes that I want to talk about, but the biggest thing is this consensus legislation
  • </c><00:04:20.880><c> has</c><00:04:21.040><c> a</c> this consensus legislation has a this consensus
  • My generation might be a little different is we're not looking for um a pension per se, but we might
MO

Missouri 2026 Regular Session

Special Committee on Property Tax Reform Feb 5th, 2026 at 10:45 am

Special Committee on Property Tax Reform

Transcript Highlights:
  • the nursing homes, get rid of the apartment buildings, and to get rid of the mention of the blind pension
  • The blind pension fund is not now, but it's coming, right.
  • Now, what this amendment is, is it's removing that part of the bill that has to do with blind pension
  • Murphy and the blind pension fund.
  • Murphy and the blind pension fund.
Keywords: 959, house, all
ID

Idaho 2026 Regular Session

Agenda Mar 19th, 2026

Transcript Highlights:
  • I'm Senator Phil Hart from Legislative District 2, and I'm here to present House Bill 702.
  • People who are on a fixed income with a pension, for instance, or other pension funds, would have to
  • Many of them couldn't afford to do that because they're living off their pensions, especially in this
  • I would like to begin by pointing out, making note that legislation like this has been introduced in
  • Have passed similar legislation. Thank you, ma'am. I appreciate your testimony today.
Summary: Senate Commerce met with a quorum, approved the March 10, 2026 minutes, and recognized page Hayden Carter with remarks from committee members and a presentation of a Capitol flag and certificate. The committee then took up several bills, generally under tight time constraints, with brief sponsor presentations and testimony from supporters and opponents. House Bill 773, a code cleanup bill related to credit unions and corporate credit unions, was presented by Rep. Ayler, received no public testimony, and was sent to the Senate floor with a do pass recommendation. House Bill 702, which would alter Uniform Commercial Code provisions on securities ownership and creditor priority, drew extensive debate: sponsors argued it would better protect stock owners in insolvency situations and cited examples such as Lehman Brothers and MF Global, while a Uniform Law Commissioner testified that the bill would make Idaho an outlier and could disrupt the securities system and access to margin accounts and clearing liquidity. After discussion, the committee adopted a substitute motion to hold HB 702 in committee. House Bill 648, an oral anti-cancer medication parity bill, received strong support from sponsors, cancer survivors, and advocacy groups, who said it would prevent patients from facing much higher out-of-pocket costs for oral chemotherapy than for IV treatment. Members noted personal experiences with cancer treatment, and the bill was sent to the floor with a do pass recommendation. House Bill 787, which consolidates the Medical Board of Podiatry under the Board of Medicine, also passed with a do pass recommendation after brief discussion of expected efficiencies. House Bill 790, a voluntary certification bill for interior designers that would allow sign-and-seal authority for limited nonstructural work, drew the most divided testimony: supporters said it would remove barriers and reduce costs, while architects warned it could expand into the practice of architecture and raise public-safety concerns. Despite reservations from some members, the committee voted to send HB 790 to the floor with a do pass recommendation.
WA

Washington 2025-2026 Regular Session

Senate Rules Committee Feb 6th, 2026 at 12:00 pm

Rules

Transcript Highlights:
  • This is a request legislation from the Administrative Office of the Courts that will allow AOC to use
  • Washington State law, the port districts are prohibited from enrolling employees in two separate pension
  • The port districts are prohibited from enrolling employees in two separate pension policy funds, one
  • done by all parties to address our ongoing challenges with the underground economy, this piece of legislation
Committee: Senate Rules
Keywords: 904, all
TX

Texas 89th Regular

89th Legislative Session Mar 19th, 2025

Texas House Floor Meeting

Transcript Highlights:
  • Grant them your wisdom and as they establish legislation and govern your people, Lord make them good
  • Schor, who is is the recipient of Outstanding Texan from the Texas Legislative Black Caucus. Mr.
  • This legislation is so important. for us to understand that living donors are critical to saving lives
  • HB 2830 by Howard relating to a report by the Legislative Budget Board on the reliance by this state
  • Committee on Pensions, Investments, and Financial Services. for the peace officer who fails to report
Keywords: 1184, house, all
TX

Texas 89th Regular

Public Education Mar 6th, 2025

Public Education

Transcript Highlights:
  • How our pensions work, but I've been looking into this because I've had the same concerns about the voucher
  • When he spoke to appropriations, I'm sorry, to the Pension Committee earlier this week, is that the content
  • Members of the Texas Legislative Committee. Thank you for allowing me to speak today.
  • We had a hearing in the Pensions Committee. with regard to TRS just last week and February 3rd better
  • Thank you for including some of our legislative requests in this bill.
Bills: HB2 , HB2
ID

Idaho 2026 Regular Session

Agenda Mar 19th, 2026

Commerce and Human Resources

Transcript Highlights:
  • I'm Senator Phil Hart from Legislative District 2, and I'm here to present House Bill 702.
  • In all my years as a legislator, I have not really ever focused on the language that's being eliminated
  • People who are on a fixed income with a pension, for instance, Percy or other pension funds, would have
  • Many of them could not afford to do that because they're living off of their pensions, especially in
  • I would like to begin by pointing out, making note that legislation like this has been introduced in
Keywords: 989, all
MA

Massachusetts 2025-2026 Regular Session

Senate Session Jul 20th, 2026

Massachusetts Senate Floor Meeting

Transcript Highlights:
  • objection, one matter will be taken out of the orders of the day: An act regarding the disability pension
  • An act regarding the disability pension for Ms.
  • Third reading of the bill: An act regarding the disability pension for Ms.
Summary: The Senate opened with the Pledge of Allegiance and adopted a resolution congratulating Jean M. Bubon on her retirement after 21 years of service to the town of Sturbridge. The chamber then took up several House bills and a House amendment to Senate No. 2916 on campaign finance reporting for statewide ballot questions; the Senate voted not to concur in the House amendment and requested a committee of conference, with conferees appointed. The Senate passed to be engrossed a series of local bills, including measures concerning police civil service exemptions in Leicester, town administrator powers in Carlisle, transfer of land in Marion, property tax classifications in Watertown, and a disability pension matter for Ms. Rodriguez in Springfield, which was amended on the floor before passage. It also adopted an amendment to a Belmont alcohol licensing bill to clarify seating requirements as otherwise permitted by law, then passed that bill to be engrossed. The Senate recognized the Seekonk High School Varsity Baseball Team for winning the Division 4 state championship, with remarks praising the team, coaches, and families. It also suspended Joint Rule 12 to refer a Plymouth lease petition to the Committee on State Administration and Regulatory Oversight. Finally, the Senate enacted two bills—one dedicating park and field space in South Boston and another allowing the Dalton Fire District to continue employing an interim fire chief—and then adopted an order to meet again in formal session the following Wednesday at 1 p.m. before adjourning.
AZ

Arizona 2026 Regular Session

03/23/2026 - Senate Finance

Senate Finance Committee of Reference

Transcript Highlights:
  • on that Friday, come back to work in a pensionable position.
  • Their employer would pay the ACR; they would receive their pension.
  • Under this legislation, we want to have best-in-class disclosure.
  • Chairman, for the record, Mac Gress, State Representative, Legislative District 4.
  • I just wish that Republican legislators would make up their minds.
Summary: The Senate Finance Committee approved the March 16, 2026 minutes and then heard testimony on several bills, with the chair noting that votes would be taken in batches because members were coming and going. HB 2939 would increase the rural qualified facilities tax credit from $20,000 to $25,000 per job for certain projects with initial investment under $2 billion; Lucid Motors supported it as a rural economic development tool, while Senator Epstein questioned the fiscal note and whether the higher credit would actually attract new investment. HB 2950 would authorize tourism improvement areas funded by voluntary lodging assessments to support marketing and tourism promotion; the Arizona Lodging and Tourism Association and Visit Phoenix backed it as a competitive tool for rural and urban destinations, and committee members focused on whether participation was truly voluntary and how the assessments would be administered. HB 2780 made technical conforming changes to Arizona’s property tax lien foreclosure and excess proceeds sale process, building on a prior law that created a mechanism for delinquent property owners to recover equity; the sponsor and a longtime constituent said the changes would fix timing and credit-bid language so qualified entity sales could work in practice. HB 2502 would let certain elected officials in ASRS retire at normal retirement age without resigning their office, with the employer paying the alternate contribution rate; ASRS said it was neutral, and the sponsor argued the bill would treat elected officials more like other ASRS members. The committee then adopted do-pass recommendations for HB 2502, HB 2780, HB 2950, and HB 2939, with each passing on split votes. The committee also adopted a striker to HB 2140, allowing the State Treasurer to invest up to 10% of state trust and treasury monies in physical gold or silver bullion held in secure U.S. depositories. The sponsor and the Sound Money Defense League argued it would diversify reserves and hedge against market disruption, while opponents said gold is volatile, costly to store, and not something taxpayers need the state to buy. HB 2140 then passed as amended on a 4-2 vote. Finally, the committee heard HB 2398, as amended, which requires commercial liability insurance for watercraft rentals and peer-to-peer boat sharing programs, with supporters saying it addresses uninsured rental boats and law enforcement concerns; the bill passed as amended on a 6-1 vote. The committee also heard HB 2999, a major housing-finance bill creating state affordability infrastructure districts to finance public infrastructure through bonds and assessments; proponents said it would lower housing costs by spreading infrastructure costs over time, while contractors and some senators raised concerns about payment risk, impact-fee treatment, and whether savings would reach homebuyers. After adopting a striker and hearing extensive questions, HB 2999 passed as amended on a 6-1 vote.
NH

New Hampshire 2025 Regular Session

House Finance Division I (03/05/2025)

Transcript Highlights:
  • </c><00:14:48.199><c> was</c> uh dates based on when legislation was uh dates based on when legislation
  • the pension is optional.
  • </c> one because it's sort of legislative one because it's sort of legislative executive<01:31:29.840
  • </c> yourself that question as a legislator yourself that question as a legislator um<03:43:58.159><c
  • </c> piece isn't covered under legislation piece isn't covered under legislation then<05:00:10.520><c
Keywords: 928, house, all
Summary: The committee took up House Bill 2 retirement provisions, focusing on Group Two/Tier B changes in pages 25-39. Jan Goodwin of the New Hampshire Retirement System and deputy chief counsel Mark Kavanaugh explained that the 2025 bill is largely similar to prior versions, but it restores certain pre-2011 benefit rules for Tier B members, including changes to average final compensation and earnable compensation, and it also addresses the annuity multiplier for years of service. Members discussed the tier structure, with Tier A referring to vested members, Tier B to those hired before 11/1/12 who were not vested, and Tier C to later hires. Several members expressed concern that the bill’s purpose was to restore Tier B benefits, not to change Tier A rules or create broader changes affecting newer hires. The retirement system flagged two likely drafting problems. First, it said a provision appears to omit a special-duty/earnable-compensation limitation in the Group Two section, which they believed was a scrivener’s error caused by moving language out of the Group One definition without adding it back for Group Two. Second, they noted the bill’s multiplier language overlaps with changes already enacted in HB 1647, which increased the multiplier for service beyond 15 years for Group Two and carried an estimated $26 million cost. The committee discussed that HB 1647 was originally broader in the House, but the Senate narrowed it to Tier B only. The actuary’s comparison of the 2023 and 2025 HB 2 versions showed the bills are close, but the 2025 version differs in funding and timing. Staff said the 2025 bill appropriates $2.5 million more per year for 10 years, and that, together with updated actuarial assumptions and a larger share of the affected tier having already retired or otherwise left service, results in a larger reduction in unfunded liability than the 2023 bill: about $98.2 million versus $68.5 million. Employer contribution impacts were described as small overall, though the 2025 bill was said to be somewhat more favorable than the 2023 version. Members also questioned why House Bill 1 only funds $5 million in the first year, and staff said that was tied to the governor’s revenue estimate and that the full funding does not begin immediately. No votes were taken in the portion provided; the committee mainly received testimony, asked clarifying questions, and noted that some issues would be addressed in the fiscal note worksheet.