Video & Transcript Research : 'retirement offset'

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MN

Minnesota 2025 1st Special Session

Committee on Human Services - 02/26/25

Human Services

Transcript Highlights:
  • These savings will not only offset the initial expense, but will also reduce the deficit in our out years
  • <00:21:46.960> the<00:21:47.080> initial savings will not only offset the initial savings
  • will not only offset the initial expense<00:21:48.640> uh<00:21:48.799> but<00:21:48.919
  • /c><00:44:43.400> and<00:44:43.599> trying<00:44:43.920> to<00:44:44.079> retire
  • Somali autism um and trying to retire Somali autism um and trying to retire Advocate<00:44:45.559
Keywords: 1187, senate, all
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Monday, March 31, 2025)

US Federal House Floor Meeting

Transcript Highlights:
  • SERGEANT GONZALEZ MANEUVERED HIS MEN AND RETIRED FIRE AND PERSONALLY CARRIED WOUNDED WARRIORS OUT OF
  • If we were to come—do it without any offsets and then add in the interest, that's another $6.8 trillion
  • If we were to come—do it without any offsets and then add in the interest, that's another $6.8 trillion
  • They want to save the republic and how we care about our kids and your retirement, and we'll do knowing
  • And who are in their retirement years and helping them and be healthier, not by running around scoring
MN

Minnesota 2025-2026 Regular Session

Committee on Judiciary and Public Safety - 03/04/26

Judiciary and Public Safety

Transcript Highlights:
  • So, just to be clear, there's offset.
  • Carpenter, I think you made an important point there and um it is an offset.
  • Carpenter, I think you made an important point there and um it is an offset.
  • So, you don't and um it is an offset.
  • This will be your crowning achievement of a productive legislative career when you retire at the end
Keywords: 1187, senate, all
HI

Hawaii 2026 Regular Session

LBT-CPN, LBT Public Hearings 03-23-2026

Labor and Technology

Transcript Highlights:
  • So, the two years, Senator, is two years for the offset credit.
  • Oh, so this allows you to offset before— Yes, but if it's beyond two years, currently we cannot offset
  • Oh, so we can offset their benefits.
  • <00:10:35.280> before this allows you to offset before this allows you to offset before >
  • currently we cannot offset the benefits. currently we cannot offset the benefits.
Keywords: 912, senate, all
Summary: The committee first heard House Bill 2455, HD2, relating to employment practices. Testimony was limited, with support from the Hawaii State Commission on the Status of Women and UPW; the committee noted nine support, zero opposition, and zero comments. No vote was taken on this bill during the portion provided. The committee then took up House Bill 2165, HD2, relating to the Hawaii Employment Security Law. DLIR supported the measure but requested an amendment moving language in Section 2 from subsection A to subsection C to preserve the legal structure. Members questioned DLIR about a January 8 U.S. Department of Labor letter and whether the bill would keep Hawaii in conformity with federal unemployment insurance requirements. DLIR said the federal guidance requires the state to remove the carve-out for labor-dispute claimants, though unions with hiring halls and members in good standing could still be exempt from work-search requirements under an authorized list. UNITE HERE Local 5 opposed the bill and said the current law already gives the department discretion to exempt striking workers. The committee recessed the bill before any final action was taken in the portion shown. In the joint hearing with Commerce and Consumer Protection, the committees heard House Bill 1509, HD2, relating to workers’ compensation. DLIR supported the bill, DHER offered comments and requested an amendment, UPW supported it, and one Zoom testifier described personal experience with delayed care and urged faster decisions. After testimony, the committees voted to pass the bill with amendments. The adopted amendments restored the 7-day treatment-plan deadline from 10 days, changed the effective date to January 1, 2077, and struck the proposed $500 fine for employers who fail to respond within 10 days. Back in the Labor and Technology agenda, the committee heard House Bill 1515, HD2, also relating to workers’ compensation, with testimony noting seven in support, one in opposition, and one comment, but no action was taken in the excerpt. The committee also heard House Bill 1514, HD2, relating to workers’ compensation vocational rehabilitation plans. A Zoom testifier opposed the bill, arguing the 120-day timeline was unrealistic for complex cases. DLIR said the bill would give the director discretion to extend the vocational rehabilitation plan timeline beyond 120 days with no cap on extensions, and the committee noted five support, four opposition, and zero comments. Finally, the committee began House Bill 2458, HD3, relating to surveillance pricing. OCP said it stood on written testimony, while supporters argued the bill would prevent corporations from using personal data to set prices, especially for groceries. Retail and grocery interests opposed the measure, saying it was too broad and could restrict loyalty programs, promotions, and discounts; one witness asked that a loyalty-program exemption be restored.
NH

New Hampshire 2025 Regular Session

House Municipal and County Government (02/10/2025)

Municipal and County Government

Transcript Highlights:
  • them next door has to be offsetting them next door has to be offsetting that's<03:47:28.319>
  • many different Forest carbon offset many different Forest carbon offset programs<04:31:09.359>
  • carbon offsets and carbon purchasing carbon offsets and carbon offsets<04:31:45.600> is<04:31
  • is the broad category Forest offsets is the broad category Forest carbon<04:31:47.800> offsets
  • carbon offset because there're other carbon offset credits<04:31:52.000> that<04:31:52.199>
Keywords: 1189, house, all
MN

Minnesota 2025-2026 Regular Session

Vets Committee Meeting - 2025-03-12

Veterans and Military Affairs Division

Transcript Highlights:
  • has experienced periods of decreased receipt revenue and cannot rely on this source of funding to offset
  • If the offset to the loss of spouse eligible, spouse and eligible benefits is to be pulled from the SOT
  • So we ask that if this bill is to continue in the process, an appropriation is funded for the offset
  • The fiscal note puts the offset level at about $828,000 for this biennium and over a million in future
  • That is what the offset would be, yeah. So that would be... Yeah. Or every two years?
AL

Alabama 2025 Regular Session

Alabama House Apr 1st, 2025

Alabama House Floor Meeting

Transcript Highlights:
  • line, like stipens manage their bottom line, like stipens manage their bottom line, like stipens to offset
  • continuing education expenses, to offset continuing education expenses, to offset continuing education
  • or long-term have other retirement or long-term have other retirement or long-term plans.
  • make money um and save up for retirement make money um and save up for retirement or PTO or any of those
  • So it's retire without paying penalty. So it's retire without paying penalty.
CA
Transcript Highlights:
  • So this is part of the General Fund offset solution.
  • The second question is whether the specific programs proposed to be offset constitute eligible uses of
  • We also strongly oppose this offsetting of BHSA funding. Thank you. Thank you so much.
  • That would be mostly offsetting general fund spending. And then the...
  • That would be mostly offsetting general fund spending.
Keywords: 988, house, all
AL

Alabama 2026 Regular Session

Alabama House Financial Services Committee Mar 18th, 2026

Financial Services

Transcript Highlights:
  • distribute those funds to the county sheriff's advancement and technology, education, and training fund to offset
  • Just in this discussion, it kind of brings me back in, um, when I just after retiring at Fort Rucker,
  • Just in this discussion, it kind of brings me back in, um, when I just after retiring at Fort Rucker,
Bills: HB585
NM

New Mexico 2026 Regular Session

House - Health and Human Services Feb 9th, 2026 at 08:38 am

House Health & Human Services

Transcript Highlights:
  • Yes, we're allowing her to retire. Retire. Don't even plant that. No, not till after.
  • municipalities and counties to the tune of almost $30 million by FY30, and the hold harmless payments only offset
Keywords: 996, all
FL

Florida 2026 Regular Session

Transportation Dec 2nd, 2025

Transportation

Transcript Highlights:
  • And with a lot of the employees getting to that retirement age and the newer demographics coming in,
  • not really being... ...getting to that retirement age and the newer demographics coming in, not really
  • why we are investing and what we are investing and how their cost per in-plane passenger needs to offset
Summary: The Transportation Committee met to consider two bills and then held a lengthy discussion on Florida airport infrastructure. SB 246, presented by Senator Rodriguez on behalf of Senator Gruters, would authorize a UFC specialty license plate, with proceeds supporting the UFC Foundation’s charitable work. A UFC Foundation representative described community beneficiaries and said the plate would help raise funds for local charities. With no questions or debate, the committee voted SB 246 favorably. The committee also took up SPB 7012, a Department of Highway Safety and Motor Vehicles public-records exemption bill that would remove the October 1, 2026 repeal date for certain active investigatory records. Senator Avila moved to submit it as a committee bill, there was no objection, and it was reported favorably as a committee bill. The remainder of the meeting focused on the Comprehensive Airport Infrastructure Program. FDOT Secretary Jared Perdue outlined Florida’s aviation system, the department’s airport funding programs, and the state’s role as a financial partner in safety, capacity, preservation, and economic development projects. He said Florida has 128 public-use airports, 21 commercial-service airports, and four large-hub airports, and noted that airport funding is largely supported by gas-tax-related revenues, with additional support from documentary stamp revenue and other fees. He also discussed the new airport infrastructure planning requirements created last session and said all required airports had submitted plans. Committee members asked about the loss of aviation fuel tax revenue, workforce development, project timelines, and how FDOT prioritizes funding, with Perdue emphasizing safety, preservation, capacity, economic return, and matching funds. A panel from Miami, Orlando, Fort Lauderdale, and Tampa international airports then described major capital programs, passenger growth, and funding needs. The airports highlighted terminal expansions, parking, baggage systems, airfield rehabilitation, people movers, and other modernization projects, along with the importance of maintaining aging facilities while accommodating growth. They said FDOT and FAA grants are helpful but increasingly insufficient for runway and taxiway costs, and several panelists said passenger facility charges and other revenue tools are important to future self-sufficiency. Members also asked about workforce shortages, small-business participation, landing-fee negotiations, and non-aeronautical revenue. The panel said workforce challenges are most acute in trades and maintenance, small-business programs are active at each airport, and landing fees are negotiated with airlines to keep airports competitive while funding needed improvements.
CA
Transcript Highlights:
  • billion annually, and this bill will create funding for research and service programs that will help offset
  • Front Porch is a 50-plus-year nonprofit providing housing and services for older people, retirement communities
  • Most of our home seekers used to be just retired folks in that earlier part of older adulthood.
Summary: The Assembly Committee on Revenue and Taxation met as a subcommittee and heard several bills, with members explaining that measures with significant fiscal impacts would be held for suspense or taken up later. AB 761 would let the Monterey-Salinas Transit District place a local sales tax measure on the ballot with approval from two-thirds of its board rather than needing approval from each member jurisdiction; supporters said it would preserve transit funding for veterans, seniors, and people with disabilities, while an opponent argued it would make it easier to raise a regressive tax. The bill was voted out 5-2 after being called for absent members. AB 1253, which would clarify property tax treatment for wildfire reconstruction beyond substantial equivalence, drew support from the Los Angeles County Assessor and the California Assessors Association but was sent to suspense. AB 8, dealing with hemp enforcement, intoxicating hemp products, and integration of hemp cannabinoids into the cannabis supply chain and tax system, drew strong support from cannabis operators and labor groups and opposition from small cultivators and public health advocates concerned about supply, tax revenue, and voter intent; it was also sent to suspense. The committee then heard AB 1138, a major expansion and modernization of the film and television tax credit program. Supporters, including entertainment unions, workers, studios, and local officials, said the bill would help keep production and jobs in California amid competition from other states and countries; opponents criticized it as picking winners and losers and argued broader business costs were the real problem. The bill was referred to suspense. AB 829, which would create a California Parkinson’s Disease Research Fund and voluntary tax contribution program to support research and services, received unanimous support from advocates and was approved 6-0 to Appropriations. AB 474 would exempt rental income from nonprofit home-sharing programs for low-income homeowners from state income tax and protect participants’ eligibility for certain benefits; supporters said it could help older adults age in place and address housing shortages, and the bill was sent to suspense after members asked for clarification on the fiscal estimate. The committee also heard AB 376, which would exempt wildfire settlement payments from state income tax for certain disaster survivors; supporters from rural counties said the money is meant to help victims rebuild and should not be taxed, and the bill was referred to suspense. Finally, AB 480 would allow developers using low-income housing tax credits to switch from allocated to certificated state credits after an award, with supporters saying it would maximize private investment and stretch housing dollars further; it too was sent to suspense. Throughout the hearing, members repeatedly emphasized the need to balance policy goals with fiscal impacts, and several bills were held or referred to suspense rather than voted out immediately.
TX
Transcript Highlights:
  • We pay a portion of their rent to help offset their costs.
  • Texas Alliance of Retired Americans.
  • I'm a retired state employee on a fixed income, including my Social Security.
CA
Transcript Highlights:
  • looking for other opportunities as well to try to argue and qualify for additional support there to offset
  • So by next year we'll be above a billion dollars in payroll taxes for trying to retire.
  • I think people who are employers, people who are workers will want to know that we have a plan to retire
Keywords: 988, house, all
FL

Florida 2025 Regular Session

January 14, 2025 - 09:00 AM

Transcript Highlights:
  • the state of Florida has many programs to support manufacturers, whether there are incentives, tax offsets
  • Retirements. You mentioned it earlier, right?
  • We have 1,200 drivers retiring weekly, $60,000 annually due to an aging workforce. Pandemic impact.
Summary: The Careers and Workforce Subcommittee met for its first meeting of the year, took roll, and heard member introductions centered on the importance of workforce pathways beyond the traditional four-year college route. Members repeatedly emphasized manufacturing, trades, rural workforce needs, apprenticeships, and helping students and adults find multiple paths to good jobs. The chair outlined the subcommittee’s focus on policies that build a skilled workforce and announced the day’s theme would be manufacturing, with presentations from the Florida Department of Commerce, the Florida Semiconductor Institute, and Fleet Force CDL training. Secretary Alex Kelly presented Florida’s manufacturing report, saying manufacturing is a major economic driver and that Florida has become the 10th largest state in manufacturing employment. He highlighted strong job multipliers, rapid growth in manufacturing GDP and establishments, the importance of logistics and ports, and the state’s small-business-heavy manufacturing base. He also stressed the aging manufacturing workforce, the need for modern skills such as robotics, cybersecurity, and data analytics, and the role of public-private partnerships, apprenticeships, and workforce education investments in supporting reshoring and industry growth. Dr. David Arnold described Florida’s semiconductor sector and the Florida Semiconductor Institute’s mission to grow research, workforce, and ecosystem development. He said semiconductors are strategically important, Florida ranks fifth nationally in semiconductor workforce, and the main bottleneck is mid-level technician talent rather than engineers or entry-level workers. He pointed to NeoCity, Valencia College, and other regional partnerships as models, and said the state needs more proactive planning, better instructor capacity, and stronger pathways from K-12 through postsecondary. Evan Agiloff of Fleet Force discussed Florida’s CDL shortage, saying trucking is essential to the supply chain, Florida has about 18,000 open CDL positions, and Fleet Force’s college-based model can quickly move students into middle-class jobs. Members asked about apprenticeships, CTE pathways, semiconductor training, infrastructure needs, and how to expand and better fund workforce programs; no votes were taken.
MN

Minnesota 2025-2026 Regular Session

Committee on Finance - Part 2 - 04/20/26

Finance

Transcript Highlights:
  • There is a corresponding revenue to that account on line 19, and those are offsetting, so this budget
  • acknowledge<00:21:47.720> your and I hate to acknowledge your and I hate to acknowledge your retirement
  • :21:48.720> but<00:21:48.840> this<00:21:49.000> is<00:21:49.120> a retirement
  • , my friend, but this is a retirement, my friend, but this is a legacy<00:21:49.600> move.
Keywords: 1187, senate, all
CA
Transcript Highlights:
  • Our third recommendation is that the Legislature retire the payment deferrals as soon as one-time funding
  • And finally, I also want to uplift the retirement of the emergency loans that both systems took, the
  • available core funds, we're taking out things like financial aid, bond payments, and payments to the UC retirement
  • residents at our campuses, and then possibly with differential fees at our most in-demand campuses to offset
Summary: The Assembly Budget Subcommittee on Education Finance, chaired by Assemblymember Alvarez, held a hearing focused on University of California budget issues. The committee reviewed UC core operations funding, enrollment trends, federal funding threats, Title IX implementation, and basic needs support. Major themes included the end of the Governor’s multi-year UC compact, the state’s fiscal outlook, UC’s enrollment growth, and the potential impacts of federal policy changes on research, health care, and student aid. On core funding, the Department of Finance described the Governor’s proposal to continue compact-related support, defer some payments, and authorize a cash-flow loan. The LAO recommended a smaller or no base increase, earmarking some funds for capital renewal, retiring deferrals when possible, avoiding new compact commitments, and funding UC annually rather than through compacts. UC argued that the compact has supported enrollment growth, student services, and operating costs, but said campuses face rising expenses, structural deficits, and limited reserves. Members questioned the effects of deferrals on students and discussed the need to prioritize less harmful reductions if cuts become necessary. The enrollment panel focused on UC’s growth in California resident enrollment and the nonresident replacement plan at Berkeley, UCLA, and UC San Diego. The LAO recommended maintaining the current enrollment target, funding enrollment separately from base increases, pausing the nonresident replacement plan, and holding enrollment flat in 2027-28. UC said it has already met compact enrollment goals, grown California undergraduate enrollment by about 18,800 students, and that further growth depends on ongoing state support. The committee also discussed the cost of enrollment growth, possible differential nonresident tuition, and a reporting request for UC to analyze the nonresident replacement approach; the motion to adopt supplemental reporting language passed. The hearing also covered federal funding risks, with the LAO and UC warning that federal changes could affect research grants, medical center reimbursement, and student financial aid. UC said research cancellations and suspensions are disrupting labs and graduate student support, while federal health policy changes could increase uncompensated care at UC hospitals. In the Title IX update, UC described its systemwide civil rights structure, annual student training, and campus support offices, and members praised the work while asking about ongoing concerns and intersegmental collaboration. The final basic-needs item began with Finance stating the Governor’s budget does not change ongoing support, but the transcript cuts off before further discussion or action.
AZ

Arizona 2026 Regular Session

02/03/2026 - Senate Appropriations, Transportation and Technology

Appropriations, Transportation and Technology

Transcript Highlights:
  • where—what's the average age of a DOC worker and a corporate... because when they start aging out and retiring
  • Because when they start aging out and retiring, who's going to replace them?
  • Funds are used to offset documented VOCA-related funding shortfalls and maintain core operational capacity
  • All right, this actually helps to solve that instead of either being older and retired or not having.
TX
Transcript Highlights:
  • There are the retiring generation in the San Antonio area. ...creates the potential to overload transmission
  • So this will essentially replace that generation that is being retired, and ultimately, the solution
  • ERCOT needed for the solution in San Antonio, with some units that CPS Energy has that they are retiring
  • There's got to be a percentage to offset the cost of doing business with a credit card company.
US
Transcript Highlights:
  • I mean it sounds like a weird offset but literally as these mortgages expire things happen to those programs
  • selling their house at $1.2 million, and it's a paid off house, and instead of going and getting this retired
  • So a retired couple, instead of trying to just pay pay the government the money, which I actually agree
  • Arizona by a smaller place, and then they could keep that money, that capital gains, for their own retirement
Summary: The committee meeting focused on addressing the significant issue of affordable housing in America. Members expressed concern over the persistent barriers faced in the housing sector, despite substantial government investment aimed at alleviating these issues. It was highlighted that government interference plays a critical role in complicating the housing landscape, and discussions revolved around potential legislative approaches to mitigate these challenges. Several witnesses provided testimony, contributing to a thorough exploration of the topic.