Video & Transcript Research : 'interest calculation'

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HI

Hawaii 2026 Regular Session

EDU Informational Briefing 01-23-2026

Hawaii Senate Floor Meeting

Transcript Highlights:
  • Um so whether they're interested.
  • One allow them to calculate the demand.
  • <01:06:12.400> uh site now that we're able to calculate uh site now that we're able to calculate
  • And we calculated construction costs.
  • <01:37:37.280> side do which is kind An interesting side do which is kind An interesting side
Keywords: 912, senate, all
ND

North Dakota 2025-2026 Regular Session

Senate Appropriations - Human Resources Division Apr 3rd, 2025 at 09:00 am

Appropriations - Human Resources Division

Transcript Highlights:
  • Chair, Senator Magrum, so South Dakota has a bit of an interesting state law that was passed probably
  • A bit of an interesting state law that was passed probably about 10 years ago now, where for a select
  • Okay, for the interest of the students in the room, I'd like to just mention that we're talking about
  • I remember when calculators had cranks. I remember when calculators had cranks.
  • You know, I do have some interest when you talk about the DDE sections of this bill and just some of
Keywords: 908, all
Summary: The Senate Appropriations HR Division met with all members present to review the medical services portion of the HHS budget. Sarah Aker, Executive Director of Medical Services, walked the committee through several budget items, including HCBS cost-to-continue adjustments, the DD bed assessment, expansion of value-based purchasing, targeted rate increases for home health and QSP services, and the cross-disability waiver. Members generally supported the targeted increases for home health and QSP, and Aker explained that the cross-disability waiver funding would support startup work, service design, and infrastructure ahead of a planned July 1, 2028 implementation. The committee spent significant time on rate-setting and provider payment issues. Members discussed ambulance rate rebasing, with several senators expressing concern that the proposed increase was too high relative to peer states; the committee ultimately moved toward reducing that item to $1 million rather than zero so it could be revisited in conference committee. They also discussed a House-added critical access hospital networking grant and similarly leaned toward reducing it to $1 million. Aker explained the department’s value-based purchasing plans, including use of a vendor selected through RFP, and clarified how the department’s existing Medicaid managed care and hospital value-based programs work. A major portion of the meeting focused on long-term care and basic care payments, including a House-added extension of the $5 per day basic care add-on and a proposed shift in nursing facility incentive grants toward a withhold-based model. Senator Mathern indicated he would bring an amendment to delay or modify the withhold change, and Aker said the department would prefer language that directly addresses whether a withhold may be implemented. Members also discussed 1915(i) services, FMAP changes, the Medicaid legacy system modernization carryover, and a House-added legislative intent section on medical assistance. The committee adjourned for the morning with plans to return later to continue Human Services budget work and revisit unresolved items in conference committee.
CA
Transcript Highlights:
  • Fundamentally, our interest through the process will be to identify whether the state is on track to
  • Our calculations are not arbitrary.
  • That was super interesting and helpful. Thank you all. That was super interesting and helpful.
  • the need, or calculate the rate necessary to fully fund what's appropriated.
  • the need, or calculate the rate necessary to fully fund what's appropriated.
Keywords: 988, house, all
Summary: The joint oversight hearing focused on AB 988 implementation and suicide prevention in California Indian communities. Members and the chairs emphasized that 988 was intended to create a behavioral health crisis system with “someone to call, someone to come, and somewhere to go,” and then turned to the disproportionate suicide burden facing Native youth and the need for culturally responsive outreach and services. Assemblymember Bauer-Kahan, the bill’s author, said the law has already saved lives but argued that key parts of the system—especially interoperability between 911 and 988, mobile crisis dispatch, and adequate funding—are not yet working as intended. The first panel of stakeholders and call center leaders largely said California’s 988 network is underfunded and not fully integrated. Speakers from the Steinberg Institute and 988 California said call, text, and chat demand has grown sharply, but staffing and funding have not kept pace, leaving text/chat answer rates far below the state’s goals and sending many contacts to out-of-state backup centers. They also said mobile crisis teams are not being dispatched through 988 statewide, and that the state’s current governance and funding structure is too fragmented. WellSpace Health and other providers described 988 as the “front door” to crisis care, urged more stable funding, and recommended broader use of the CCBHC model to support mobile crisis and behavioral health infrastructure. San Joaquin County offered a local success story, describing a countywide crisis continuum that links 988, mobile crisis, behavioral health access lines, and follow-up services through warm handoffs and coordinated outreach. County officials said the model has reduced reliance on emergency departments and involuntary holds, and they noted that local partnerships and repeated community meetings were key to implementation. Members asked about staffing, tribal outreach, and how to make the system more measurable and interoperable; panelists said staffing projections should be based on actual call volume and contact length, and that tribal-specific outreach has often depended on temporary grant funding. State officials from CalHHS and DHCS then described the five-year implementation plan, the roles of multiple agencies, and current performance data. They said California’s 988 system has handled more than 74,000 contacts in a recent month, with in-state answer rates of 87% for calls and lower rates for chats and texts, and that unanswered contacts are routed to backup centers. They highlighted training efforts, LGBTQ+ competency work after the end of the federal “Press 3” option, and efforts to improve reimbursement for mobile crisis services. No formal votes or committee actions were taken during the hearing.
OR
Transcript Highlights:
  • I’m not going to say how far back in both our interests.
  • In addition, consultants can have actual or potential conflicts of interest.
  • And obviously they have an interest in ongoing business in Oregon.
  • In addition, consultants can have actual or potential conflicts of interest.
  • And obviously they have an interest in ongoing business in Oregon.
Keywords: 907, all
Summary: The committee first received an informational update on the Interstate Bridge Replacement Project from Carly Francis and Travis Brower. They described the project’s purpose as improving seismic resilience, safety, freight movement, transit, and bicycle/pedestrian access across the Columbia River, and said the updated cost estimate is $13.2 billion to $14.4 billion for the full corridor. They explained the increase from the 2022 estimate as driven by construction inflation, a more conservative inflation curve, schedule delays, more detailed engineering, and risk modeling. They also outlined the funding plan, including $2.1 billion in federal funds, $1 billion each from Oregon and Washington, and $1.5 billion in projected toll revenue, and said they are working to obligate federal funds by the end of September. The panel described a first funded phase that would include the bridge, highway connections, tolling infrastructure, bridge removal, and transit design, with light rail to Vancouver still intended but dependent on additional funding. Members questioned the risk of losing federal transit funds, whether bridge design decisions were being made with legislative input, and whether the space reserved for light rail could be used for buses if transit funding does not materialize. The committee then heard testimony on maintaining Oregon’s existing roads and bridges from representatives of Knife River, the Asphalt Pavement Association of Oregon, and CRH. Witnesses said pavement and bridge preservation is severely underfunded, with ODOT needing about $400 million per year for pavement preservation but receiving roughly $100 million annually. They showed examples of deteriorating highways such as U.S. 97 and I-84 and argued that delaying maintenance leads to much higher reconstruction costs, more safety risks, and higher user costs. Knife River described layoffs and reduced work in Oregon because of limited preservation funding, while witnesses also said rising wages, equipment costs, fuel, and permitting delays are increasing project costs. Committee members asked about the role of prevailing wage, diesel equipment, hauling distances, and whether preservation work could be prioritized more effectively. Finally, economist Joe Cortright presented on recent ODOT megaproject cost overruns. He said Oregon has experienced persistent overruns driven by overly optimistic revenue forecasts, heavy reliance on debt, consultant costs, inflation above forecast, and projects that have become much larger in scope than originally presented. He cited major increases in the Interstate Bridge, Rose Quarter, and Abernathy Bridge projects and argued that some designs are far wider and more expensive than necessary. Cortright said better accountability, clearer priorities, and more disciplined project sizing are needed, and committee members pressed him on why agencies proceed with larger designs even when consultants recommend narrower, less expensive alternatives.
MO

Missouri 2026 Regular Session

Budget Jan 15th, 2026 at 08:15 am

Budget

Transcript Highlights:
  • In the interest of time, if you could basically compile for us, It won't be long.
  • In the interest of time, if you could basically compile for us a listing.
  • There's also been a really antiquated calculation that they use at the U.S.
  • That's interesting. I didn't realize that.
  • So that's interesting, and unfortunate, if that was over the case. Anybody else?
Keywords: 959, house, all
NM
Transcript Highlights:
  • So, how does it look for an individual school when you can calculate your amount of SEG?
  • The other one is to build upon a student's strengths and interests.
  • We have a lot of interesting schools to go through, and we are looking at adding a Ninth.
  • Senator, I think you bring up an interesting point.
  • It's interesting; that's very interesting. Okay, that's pretty smart to take advantage of that.
Keywords: 996, all
CA
Transcript Highlights:
  • before we begin our discussions because we want to try to make sure all of the creative ideas or interesting
  • It's really helpful and interesting.
  • That I will be interested in that particular allocation and kind of all the implications of it.
  • We would be forever trying to- Calculate what the real greenhouse gas reductions are for all of these
  • We probably have a whole lot of people that would be pretty interested in that.
Keywords: 988, house, all
MN

Minnesota 2025-2026 Regular Session

Committee on Taxes - 04/16/26

Taxes

Transcript Highlights:
  • Um, it's been an interesting road for us.
  • By the time we figured that out, 2025 had already been calculated.
  • Um it's been an interesting road for us. Um it's been an interesting road for us.
  • So we were out of disparity calculated.
  • Um, so they make more specific calculations based on the guidance in statute.
Keywords: 1187, senate, all
NH

New Hampshire 2025 Regular Session

House Finance Division I (03/25/2025)

Transcript Highlights:
  • And he's the one most interested in this probably. Mr.
  • those calculations can get quite involved because there's a separate calculation for each year's compensation
  • quite and those calculations can get quite and those calculations can get quite involved<04:42:58.320
  • <04:43:17.680> that limitations in those calculations that limitations in those calculations
  • that's part of your calculation, right? that's part of your calculation, right?
Keywords: 928, house, all
Summary: The committee worked through a series of budget amendments, mostly to House Bill 2 and related House Bill 1 changes, with members discussing whether to reduce or preserve funding for various programs. Early actions included approving an amendment to House Bill 219 that delays implementation of renewable energy-related provisions to 2027, and approving an amendment that removes a $150,000 appropriation tied to a housing-related database while allowing use of housing fund money for the project. The committee also approved an amendment affecting magistrates so they could continue pretrial and other judicial support work, while noting they would not handle bail and that the change reflected separate legislation already signed by the governor. Members then approved a series of administrative savings items in the Department of Administrative Services, including eliminating a long-vacant computer analyst position and reducing overtime and recruiting/subscription-tool budgets. They also approved an amendment cutting marketing and administrative support for the paid family leave program, with members emphasizing that the program itself would continue. A proposed cut to the WorkInvest NH program was discussed at length, with some members arguing it benefits workers and employers and others noting the cost is borne by employers; the committee ultimately set that item aside without taking action. The committee also debated and then approved a modest reduction to a BEA regional planning grant, despite objections that regional planning commissions provide valuable municipal support. The most extended discussion centered on the State Library. Representative Sweeney said he did not want to pursue a full cut of the library and instead favored a more targeted approach, noting that some federal funding for library services such as interlibrary loans and the Libby system may be at risk. Members discussed alternatives, including unfilled positions and other partial reductions, but no final action on the full library cut was taken in the portion provided. The committee also paused on some other items to gather more information before voting.
NM

New Mexico 2026 Regular Session

Senate - Finance Feb 15th, 2026 at 11:08 am

Senate Finance

Transcript Highlights:
  • And then if they're interested in the Supplemental and Deficiency Appropriations start on page 228.
  • If they are interested in the IT Information Technology Appropriations That's 231.
  • And then if they're interested in the Natural Disasters and Executive Order Appropriations, that is section
  • the bars, so that's just a way to navigate House Bill 2 for the people who are at home who may be interested
  • To calculate the income side of this when we were doing our revenue forecasts.
Keywords: 996, all
WA

Washington 2025-2026 Regular Session

House Education Dec 4th, 2025

Transcript Highlights:
  • We have a very packed agenda, one that I hope will be very interesting and engaging.
  • I think this is a subject that you will all find very interesting and very engaging.
  • We used the MIT living wage calculator to calculate what a living wage would be for an individual in
  • That's an interesting question. I think that there are probably a lot of things.
  • But I think this is an interesting thing to contemplate.
Summary: The House Education Committee received status updates on career and technical education (CTE), including OSPI’s work under 2024 legislation on allied health pathways and a statewide CTE task force, an update from Core Plus Maritime, and findings from an Education Northwest longitudinal study of Washington CTE access and outcomes. OSPI described development of allied health guidance such as a home care aide to nursing assistant bridge, model curricula, updated course equivalency frameworks, and coordination with health agencies and employers. It also reviewed Core Plus framework work, task force expansion under later legislation, and the timeline for recommendations due in November 2026. Committee members asked about health profession outreach, equitable access for rural districts, data updates, and employer support for local programs; OSPI said it continues to work with agency and industry partners and that local labor-market alignment varies by region. Core Plus Maritime presenters described expanding maritime career exploration into middle school through low-cost ROV curriculum, student visits to ferries and vessels, Sea Scouts partnerships, and ship-based safety and welding experiences. Industry representatives from the Northwest Marine Trade Association, American Seafoods, and Vigor Marine Group emphasized the maritime sector’s economic importance, aging workforce, and need for hands-on training to build the pipeline for family-wage jobs. A teacher from South Kitsap High School said the program gives students a clear pathway and has helped connect them to careers in shipyards, fishing, and related trades. Vigor also noted support for a student welding competition and equipment donations for a Rainier Beach shop. Dr. Sam Riggs of Education Northwest presented a longitudinal study using state data from 2013-14 through 2023-24. The study found CTE access has been relatively steady statewide, but offerings vary by school size, locale, and income, with rural and lower-income schools generally offering fewer pathways. Participation is high: nearly all students earn at least some CTE credit, and more students are accumulating multiple credits over time, though fewer go deep within a single pathway. Students who earned more CTE credits, especially within pathways such as agriculture, manufacturing, transportation, and construction, were more likely to graduate on time and later had stronger postsecondary certificate attainment and earnings. Riggs recommended addressing local barriers to participation, considering whether the CTE graduation requirement should better encourage depth while preserving flexibility, and aligning offerings more closely with labor-market needs. Committee members asked about COVID-era trends, student motivation, early workforce entry, delivery settings such as skill centers, and how to interpret the comparison groups used in the analysis.
MN
Transcript Highlights:
  • <00:24:11.600> So<00:24:12.000> there getting calculated today.
  • So there getting calculated today.
  • Thank you. colle uh calculated and we don't have colle uh calculated and we don't have the<01:33:25.600
  • We had incredible interest in participating in this hearing.
  • We had incredible interest in earlier.
Keywords: 1187, senate, all
MN

Minnesota 2025 1st Special Session

House Transportation Finance and Policy Committee 3/10/25

Transportation Finance and Policy

Transcript Highlights:
  • so great question for the calculation so great question for the calculation again<00:21:10.799><
  • If we can stick to the bill, please, what I'm interested in, and I think all of us are interested in,
  • If we can stick to the bill, please, what I'm interested in, and I think all of us are interested in,
  • If we can stick to the bill, please, what I'm interested in, and I think all of us are interested in,
  • If we can stick to the bill, please, what I'm interested in, and I think all of us are interested in,
Bills: HF1167, HF1242
NH
Transcript Highlights:
  • Is there anyone who's interested? Oh, you are interested. Excellent.
  • He said he has some interesting hobbies.
  • state and then there's an interesting state and then there's an interesting One One One 28421<01
  • conclusions the compounding of interest conclusions the compounding of interest is<03:40:55.479>
  • They review all the calculations they've made.
Keywords: 928, house, all
Summary: The committee held an orientation for new and returning members of the House committee on agencies and administration, with introductions from members and staff. Chair Carol Maguire outlined her expectations for hearings: keep questions focused on the bill, be respectful to witnesses, and use the committee’s orientation opportunities to learn about the jail staff, retirement system, and Office of Professional Licensure. Members also discussed related assignments on other bodies, including the Joint Legislative Committee on Administrative Rules and the Joint Committee on Employee Classification, and noted that some members already serve on those panels. A substantial portion of the meeting focused on the State Building Code and the committee’s upcoming workload. Members explained how the state code is intended to provide a common baseline while allowing limited local options, and why municipalities must formally adopt and publish any local amendments. They reviewed several anticipated bills: a consolidation bill to gather building-code enforcement materials in one place, a bill to update the state energy code, a bill to restrict municipal adoption of building-code changes, and a bill to update the electrical code. Members also discussed how building codes apply to older homes and commercial buildings, and why code updates are important for safety and clarity. The chair said the committee had 36 bills currently scheduled, including many early bills that must move by March 6 because they will be heard by two committees. She said the committee would use subcommittees for harder bills, with three subcommittees this year: pensions, licensing, and likely state building code. She also outlined the hearing schedule, including lighter bills on February 12 and the expectation of executive sessions later in the month. No votes were taken during the orientation, but members were told that public hearings do not require a quorum and that hard copies of bills would be distributed by committee staff.
NH

New Hampshire 2025 Regular Session

House Finance Division I (02/21/2025)

Transcript Highlights:
  • “It’s a pro rata share calculation.
  • “It’s a pro rata share calculation.
  • “It’s a pro rata share calculation.
  • “It’s a pro rata share calculation.
  • get credited for that interest.
Keywords: 928, house, all
Summary: The committee heard testimony from Insurance Commissioner DJ Bettencourt on the New Hampshire Insurance Department budget. He said the department is self-funded through assessments on insurers based on New Hampshire premium volume, with about $8 billion in premiums written in the state and a department budget of roughly $15.5 million. He explained that the department has 88 authorized positions, eight vacancies, and that three full-time positions were unfunded after the governor’s requested 4% reduction exercise. He also said the department is trying to balance staffing needs with not overburdening carriers during a hard insurance market. A major topic was the department’s $2.6 million rebate to industry from the prior fiscal year, which Bettencourt described as a credit against the next assessment rather than a direct cash payment. Members questioned why that credit was not reflected as a reduction in the upcoming budget, and Bettencourt and staff explained that the budget assumes full staffing and full spending, with any year-end surplus returned to insurers. The commissioner said the department had added staff in recent years for succession planning and to preserve institutional expertise, and that the rebate reflects careful budgeting rather than excess spending. Members also asked about staffing changes by division, including positions unfunded in fraud, property and casualty examinations, life and health examinations, and tax. Bettencourt said fraud investigations remain strong and that the department can use outside contractors for examinations, with those costs billed to the company being examined. He also described the department’s examination process, including periodic financial exams and targeted market conduct reviews triggered by consumer complaints or trends. Additional questions covered OIT transfers, the department’s oversight of fully insured health coverage, the insurance premium tax and fines going to the general fund, and the department’s limited role in auto repair reimbursement disputes, where he said complaints have recently declined.
FL

Florida 2026 Regular Session

Senate in Special Session F Jun 2nd, 2026

Florida Senate Floor Meeting

Transcript Highlights:
  • That will be interesting to see.
  • It's flowing to commercial interests. Let's talk about who benefits.
  • It's flowing to commercial interests.
  • This will be an interesting summer into the fall.
  • It changes the maximum millage rate calculation.
Keywords: 999, senate, all
TX

Texas 89th Regular

Insurance May 20th, 2025

Insurance

Transcript Highlights:
  • They have to calculate or guesstimate what they think the storms and the damage are going to be from
  • So we would say if this is something that interests the committee, look at it in the interim.
  • It prohibits the inclusion of loss adjustment expenses in the PML calculation, removes county-specific
  • Because this bill is designed to reduce the probable maximum loss calculation, which reduces the amount
Bills: SB1642, SB1643, SB2530
CA
Transcript Highlights:
  • subcommittee during the April 13th hearing, there's clear demand for future investments given the interest
  • And just to note, this... ...the interest in prior MMIP grant cycles.
  • And we do a calculation of, or I mean, CDCR is the calculation of, again, how many people would have
  • That calculation is based on an estimate using actual costs for the first several months of the fiscal
  • So you may not get as much interest in those positions, and they may go unfilled for longer periods of
Summary: Assembly Budget Subcommittee No. 6 heard the Governor’s May Revision proposals for the judicial branch, the Board of State and Community Corrections, the Department of Justice, and the California Department of Corrections and Rehabilitation. The Legislative Analyst’s Office opened with a warning that the state budget remains structurally imbalanced and urged the Legislature to avoid new ongoing spending unless offset by reductions elsewhere. In the judicial branch discussion, the Judicial Council highlighted language access funding, appellate court security, a backfill for the state court facilities construction fund, and an extension of the lactation room mandate; Finance supported most items but suggested reporting language on interpreter costs and reducing the General Fund backfill. Members raised concerns about judicial vacancies, long-term salary freezes, remote hearings, and the lack of progress on court staffing in some counties. For the Board of State and Community Corrections, the administration proposed $10 million one-time each for the Missing and Murdered Indigenous People grant program and a human trafficking vertical prosecution grant program. The LAO said both should be weighed against other priorities and suggested the Legislature consider whether the Tribal Nations Grant Fund could support MMIP work, while Finance said it preferred General Fund support and wanted more review before any fund swap. Members strongly supported MMIP funding and asked whether ongoing support would be considered. On the human trafficking grant, Finance said BSC was a good fit because of its grant administration experience and prior vertical prosecution work, while legislators asked why the program was not placed with the Office of Emergency Services as originally contemplated in prior legislation. The Department of Justice presented antitrust litigation funding, Medi-Cal Fraud and Elder Abuse staffing, completion of organized retail criminal enterprise cases, and trailer bill language for a continuous appropriation from the Victims of Consumer Fraud Restitution Fund. The LAO supported the antitrust account use but questioned the Unfair Competition Law Fund’s ability to cover the full request without General Fund repayment, and recommended against a continuous appropriation for the restitution fund in favor of a more limited mechanism with legislative oversight. Finance said the fund would remain solvent and defended the continuous appropriation as necessary to pay victims promptly. In the CDCR portion, the largest discussion centered on the Boston Consulting Group efficiency review and sharply reduced savings estimates; LAO said the department had not fully explained the proposed position eliminations or future $100 million savings target, while Finance said the work reflected deeper analysis and ongoing efforts to find savings. Members repeatedly pressed CDCR and Finance on the gap between earlier promised savings and the revised figures. CDCR also outlined population projections showing continued declines in prison and parole populations, while LAO again urged the state to close an additional prison to save ongoing costs. The department then walked through several May Revision items, including workers’ compensation funding, a Corcoran honor housing dorm, incarcerated firefighter pay implementation, an incarcerated menopause program, mental health receiver staffing, mental health resource teams and crisis intervention teams, medical classification staffing changes, and AI note-taking for the electronic health record. LAO generally recommended limiting-term funding and more reporting for many of these proposals, while Finance defended them as necessary ongoing investments or court-ordered obligations. Members questioned the cost of workers’ compensation, the need for more prison closures, the lack of funding for women’s facility violence prevention, and the timing and transparency of the BCG savings process. No votes were taken.
NH

New Hampshire 2026 Regular Session

House Finance Division III (02/20/2026)

Transcript Highlights:
  • First, uh, what I'm interested in before the department comes up is we've been talking a lot of percentages
  • First, uh, what I'm interested<00:09:39.200> in<00:09:39.440> before<00:09:39.680> the
  • <00:09:39.920> department interested in before the department interested in before the department
  • uh errors by staff uh such as uh errors by staff uh such as uh incorrectly<00:38:18.240> calculating
  • calculating a household's expenses<00:38:21.359> uh<00:38:21.520> or<00:38:22.560>
Keywords: 1189, house, all
Summary: The work session was limited to House Bill 1750, a supplemental appropriation for the Department of Health and Human Services’ SNAP administration. Before testimony, Representative Terski distributed a written statement from Representative Priest for the record. Department officials Karen Heert and Nathan White then walked the committee through a chart showing SNAP participation, federal benefit dollars, and state administrative costs, emphasizing that the benefits themselves do not flow through the state budget. They explained that the reported administrative cost includes overhead and cost-allocation methods used to maximize federal reimbursement, and that the current participant count is about 75,000 with the trend steady in recent years. Members questioned whether the reported costs were stable, how much of the administrative expense was directly tied to SNAP, and whether reducing overhead would lower the need for the appropriation. The department said the cost per participant and per dollar distributed would be lower if SNAP were isolated, but that the broader allocation system also supports federal claiming across multiple programs. Officials said SNAP eligibility is redetermined every six months, that the department processes nearly 50 eligibility programs with about 250 field staff, roughly 70 unfunded positions, and a vacancy rate around 25%. They also said most errors in the program are unintentional and can come from either staff or participant mistakes, and that the department reviews errors to identify systemic fixes. The committee discussed the fiscal impact of the bill and related budget issues. DHHS said the current adjusted authorization for 2026 is about $31 million, but actual spending is expected to be closer to $25–26 million because of vacancies and unfilled positions. Members asked whether the $4.4 million shortfall identified in the fiscal note would come from the rainy day fund; staff said it would not be taken directly from that fund, but would reduce the amount available to flow into it at the end of the biennium. The committee also reviewed Senate Bill 603 FN, which was described as an alternative approach that would require DHHS to transfer funds within its existing budget rather than provide new money; officials said it would simply codify an option the department already has. No vote or final action on House Bill 1750 was taken during the portion of the meeting provided.
WA

Washington 2025-2026 Regular Session

Select Committee on Pension Policy Apr 21st, 2026 at 11:30 am

Select Committee on Pension Policy

Transcript Highlights:
  • It would be interesting for us to know a little bit about your background.
  • It's a very interesting area, and I'm really looking forward to the work that we're going to do over
  • The issue in that case was payment on the interest of funds that were transferred from TERS Plan 2 to
  • interest.
  • Then in June, you'll hear about our latest actuarial valuation report and newly calculated contribution
Keywords: 904, all
Summary: The committee began by approving the November minutes on a roll-call vote, with a majority of members voting aye and the minutes adopted. Staff then provided updates on pending pension-related litigation, including Fowler et al. v. Leathers, where cross-motions for summary judgment were scheduled for May 1, and Dolan v. King County, where the court ruled against the state’s position on reimbursement of attorney’s fees but did not award fees against the state. The actuary also previewed upcoming presentations on OSA’s annual update and the June actuarial valuation and contribution rates, which will reflect updated demographic assumptions. A substantial portion of the meeting focused on the interim work plan and possible study topics. Members discussed a potential study of Plan 3, including how it compares with Plan 2, retirement ages, benefit adequacy, and whether the plan is meeting its original purpose. Staff agreed to work with DRS on a study outline and bring back a proposal. Members also raised the ongoing COLA issue, noting interest from retiree groups and the need to develop a recommendation for the next budget cycle, likely by October or November. Another major topic was LEOFF 1 disability/medical boards; staff said they are still gathering basic information on how many boards exist, who administers them, and what they cost, and suggested separate briefings on House Bill 2034, LEOFF 1 governance, and the medical study. The committee also reviewed constituent correspondence, which included requests related to Plan 1 COLAs, a Plan 3 study, teacher retirement age, and a missed early retirement factor. Staff explained that correspondence procedures are being revised for cybersecurity and privacy reasons, and future public correspondence may be handled differently. The committee approved the draft May agenda, which will include the OPMA refresher, OSA’s annual update, the LEOFF 1 medical board study update, a Plan 2/Plan 3 study outline, an overview of House Bill 2034, and a correspondence update. The meeting then adjourned without further business.