Transcript Highlights:

• He said this would have a positive impact on the community.
• He testified on SB 976 earlier, which is the same language bill on the Senate side.
• He testified on SB 976 earlier, which is the same language bill on the Senate side.
• Aloha, my name is Vivian Su Tolner from the east side of the Big Island of Hawaii.
• Aloha, my name is Vivian Su Tolner from the east side of the Big Island of Hawaii.

Keywords: 910, house, all

Summary: The Committee on Consumer Protection and Commerce met on January 29, 2025, and heard testimony on HB 108, which concerns intoxicating liquor and would expand direct-to-consumer shipping for beer and spirits. Supporters included representatives of Koloa Rum Company, Maui Brewing Company, and Ola Brew, who argued the bill would modernize alcohol laws, help small local producers compete, support jobs and local agriculture, and give consumers more access to Hawaii-made products. They also said Hawaii already has experience regulating direct wine shipments, with age verification and carrier-based delivery systems in place, and that direct shipping could help businesses reach visitors after they return home and diversify beyond tourism. Opposition came from the Hawaii Public Health Institute, whose representative said the bill could increase access for underage drinking, especially because liquor commissions do not currently conduct compliance checks on alcohol shipments and may lack capacity to do so. The group also raised tax-enforcement concerns, saying the existing three-tier system makes excise and sales tax collection easier, while direct shipping would require additional auditing. They urged the committee to oppose the bill or defer it until more research is done, and suggested a common carrier reporting requirement to help reconcile shipments. Committee members questioned both sides about whether current law already allows some alcohol shipments, whether a Kentucky distiller could ship directly to Hawaii, and how reciprocity with other states would work. Supporters said the bill is modeled on wine-shipping language and could be amended to clarify reciprocity, while opponents said the bill lacks a common carrier reporting requirement and would place a burden on county liquor commissions. No vote or final action on HB 108 was taken during the portion of the meeting provided.

Transcript Highlights:

• Not only is this hard to prove, but impacts can come in many forms beyond basic economic impacts.
• Not only is this hard to prove, but impacts can come in many forms beyond basic economic impacts.
• Not only is this hard to prove, but impacts can come in many forms beyond basic economic impacts.
• impacts of these critical water bodies. impacts of these critical water bodies.
• Both sides of the aisle.

Keywords: U.S. House of Representatives Floor Proceedings on Thursday, December 11, 2025, 1012, house, all

Transcript Highlights:

• I will share what was filed on the House side, to let you know what we got on the Senate side, so you
• I will share what was filed on the House side to let you know what we got on the Senate side.
• On the Senate side, we had much better outcomes for this issue.
• But it was not adopted on either chamber side.
• And then the other... ...but it was not adopted on either chamber side.

Keywords: 995, all

Summary: The commission met to review the state budget process and discuss maternal and perinatal health funding. Members heard that the House did not adopt several maternal health amendments, including funding for community-based perinatal mental health grants, implementation of maternal health law items, private insurance coverage for midwifery care, a midwifery workforce development fund, birthing center grants, and the Tufts Center for Maternal Health Advancement. On the Senate side, several items were adopted, including funding for the Mass NOW menstrual equity program, $1 million for the Neighborhood Birth Center, and an out-of-state resident reproductive health training pilot; however, proposed funding for a midwifery workforce development fund, a health education trust fund, and the Tufts center was not adopted. Commission members discussed whether to send a letter to the conference committee. Several members emphasized that while the Senate wins were positive, the commission’s core mission is perinatal and postpartum mental health, and that the letter should note the lack of explicit support for perinatal mental health and PMAD-related needs, as well as the importance of infant mental health and the parent-infant relationship. The commission voted unanimously to send a letter to the conference committee highlighting the broader maternal health wins while urging continued investment in perinatal and postpartum supports. The meeting also covered commission vacancies and future planning. Staff reviewed open seats, including a House minority seat, several governor-appointed seats, an optional commissioner seat, and appointments for the Senate and House co-chairs. Members suggested possible representation from the Children’s Trust, families impacted by addiction, and midwifery. The commission also noted that April and June meeting minutes would be circulated for later approval, and that the legislative session is nearing its end with several pending bills related to perinatal mood disorders and postpartum issues. The meeting adjourned after no further new business.

Transcript Highlights:

• Changing clocks biannually. impacts our health.
• We also need to consider the economic and social impact.
• But more than that, time changes can impact the safety of our communities.
• There are very real and complicated issues and countervailing. on both sides.
• And they have real, real impacts on people. Let me start on the health side. Dr.

Keywords: daylight saving time, Sunshine Protection Act, health impacts, clock change, legislative discussion

Summary: The committee meeting was dedicated to discussing significant legislative topics, focusing particularly on the implications of daylight saving time (DST). Senator Scott advocated for the Sunshine Protection Act, which aims to eliminate the twice-yearly clock changes and keep daylight saving time year-round. He emphasized the negative health impacts associated with DST, including increased risks of heart attacks and accidents immediately following the time changes. Various witnesses provided personal testimonies and expert opinions, highlighting the confusion and health disruptions caused by the current time change practices.

Transcript Highlights:

• it impact our statutory obligations here in Arizona?
• And how did that impact, you know, our ability to work with the public?
• Our belief is that it doesn't impact us.
• I asked her, does this impact us, and she believes it does not.
• I’ve been on the same side of him, and I’ve been opposed to him.

Summary: The Committee on Director Nominations met with four members present and approved the prior minutes without objection. Chair Jay Kaufman outlined the committee’s role in reviewing executive nominations and explained the hearing process for three nominees: Mary Foote for the Office of Economic Opportunity, Debbie Johnston for the Department of Health Services, and Chuck Bassett. Foote did not appear for her hearing, and members discussed her absence and alleged omissions in her disclosure materials, including prior service with Planned Parenthood-related organizations. The committee then moved to reject her nomination, and the motion passed 3-2, recommending that the full Senate reject Mary Foote. Debbie Johnston, nominee to lead the Department of Health Services, appeared and gave an opening statement describing her Arizona background, prior Senate staff work, and more than 20 years with the Arizona Hospital and Health Care Association. She said her priorities at ADHS include rebuilding trust in public health licensing, improving stakeholder engagement, standardizing rulemaking communication, addressing alleged religious discrimination and retaliation concerns in licensing, and using technology and AI to improve efficiency. In questioning, senators pressed her on her management style, conflict-of-interest safeguards given her prior industry role, enforcement priorities, budget pressures, behavioral health and assisted living oversight, and the department’s response to COVID-19. Johnston said she would follow statutes, recuse herself from enforcement matters involving former contacts, and resign if directed to carry out an unlawful policy. She also said the department does not regulate therapy itself, only facilities, and that it would rely on legal counsel regarding the governor’s conversion-therapy executive order and related federal civil-rights allegations. Several senators focused on public health trust and the department’s pandemic response, with Johnston acknowledging concerns about closures, data collection, and communication during COVID-19 while saying she would review past after-action materials and be better prepared in the future. Public testimony from stakeholders in aging services and health care strongly supported her confirmation, praising her accessibility, responsiveness, and collaborative approach. After testimony, the vice chair moved to recommend Johnston’s confirmation to the full Senate. The roll call was underway when the transcript ended, with several members voting aye and one member expressing reservations about her not reviewing the pandemic after-action report before another crisis occurs.

Transcript Highlights:

• .<00:18:24.320> Again,<00:18:24.960> agriculture impacts.
• Again, agriculture impacts.
• Uh I think this larger insurance side.
• There's a savings on the insurance side, right?
• <00:38:02.000> So ins on the insurance side, right? So ins on the insurance side, right?

Keywords: 912, senate, all

Summary: The committee heard testimony on HB 449 relating to economic development, HB 1006 relating to the Agribusiness Development Corporation, and then began HB 1467 relating to housing resiliency. On HB 449, Director Wayne Enoy of the Hawaii Technology Development Corporation and several business groups, including the Chamber of Commerce and Hawaii Food Industry Association, testified in strong support. They said the measure would help local manufacturers and tech-focused businesses adapt to uncertainty around tariffs and federal funding pauses, diversify Hawaiʻi’s economy, and expand workforce training and apprenticeship efforts tied to innovation and manufacturing. The bulk of the discussion focused on HB 1006 and proposed agritourism authority for ADC. ADC, the Hawaii Farm Bureau, and other supporters said agritourism can be a value-added tool that helps farmers diversify income while keeping agriculture as the primary use of the land. One testifier opposed the bill’s direction without stronger guardrails, urging that a high percentage of revenue or land use remain tied to actual agricultural production. Committee members questioned ADC and Farm Bureau witnesses about how much land should remain in production, whether agritourism could expand on public lands, how enforcement would work, and whether responsibilities should be shifted from the Department of Agriculture’s marketing functions to ADC. Witnesses said ADC currently has no tenants engaged in agritourism, but would support standards, annual reporting, site visits, and the ability to reclaim land if production requirements are not met. No votes or final actions were taken in the portion provided. After concluding HB 1006 testimony and questions, the committee moved on to HB 1467 and called the first witness, Luke Meyers, before the transcript ended.

Transcript Highlights:

• We'll start on the side or whether or not to go first.
• We'll start on the side or whether or not to go first.
• We'll start on the side or Good afternoon, Committee. My name is Daryl Pettus.
• It has a huge economic impact on our community.
• ... are included in the offset side automatically.

Bills: HF4807

Keywords: overweight vehicles, aggregate mining, local ordinance restrictions, legislative audit, transportation, resource inventory

Transcript Highlights:

• What is in fact impacted? I think industry might have some estimates that...
• How can we have less mitigation damage and less long-term impact?
• Those have negative impact on wildlife there.
• If we're looking at somewhere between $60,000 to $70,000 per side-by-side, those vehicles should last
• grants it's a lot of them are equipment if we're looking at somewhere between 60 to 70,000 dollars per side-by-side

Keywords: 1182, all

Summary: The Arizona Off-Highway Vehicle Study Committee met with a quorum and heard opening remarks from members and stakeholders representing OHV users, ranching, state agencies, land management, law enforcement, and industry. The committee reviewed Senate Bill 1519, which would raise the OHV/ATV weight threshold from 2,500 to 3,500 pounds, create an OHV Law Enforcement Fund, direct certain vehicle license tax revenue to that fund, and allow some OHV recreation on state trust lands under existing permit rules. Members discussed the fiscal and policy implications of changing the weight threshold and whether to keep the current Highway User Revenue Fund structure intact or redirect revenue for OHV enforcement and mitigation. Industry testimony estimated roughly 11,000 new off-road vehicles were sold in Arizona in 2025, with about 24% over 2,500 pounds, and committee members debated whether a flat sticker fee increase or a revenue-neutral adjustment would be cleaner than shifting VLT revenue. The committee also reviewed Senate Bill 1567, enacted in 2024, which requires OHV owners to complete an online education course before receiving an OHV indicia, with a report due December 1, 2026 and repeal of the requirement in 2027. Game and Fish staff said the education requirement has already appeared to improve behavior, especially helmet use by children. Several witnesses supported expanding education to all operators, not just owners, and suggested a single statewide course for consistency and easier enforcement. A nonprofit representative described plans for an OHV ambassador/education program and said it would support a universal training requirement and self-policing efforts. A major portion of the meeting focused on funding needs for OHV law enforcement and resource mitigation. Based on prior committee direction, outside stakeholders presented estimates that county law enforcement needs could total about $3.5 million annually, while natural resource damage and road decommissioning needs could average about $7.5 million annually over time, for a combined target of roughly $11 million per year. The discussion emphasized that the estimate was intended as a broad target rather than a precise census, and that it did not include all possible costs such as fence repair, tank restoration, or environmental compliance. Members and witnesses discussed soft versus hard road closures, the need to prioritize resource protection areas, and the importance of pairing mitigation projects with enforcement and education so that repaired areas are not quickly damaged again. No formal votes were taken in the portion provided, but the committee appeared to be gathering information to guide future recommendations on fees, funding channels, and education policy.

Transcript Highlights:

• Impacts on wildlife then were not as much of a concern as they are today.
• It's the eastern side of the country where the challenge really lies.
• We need to focus on ways to expand the impact on each person on the ranch.
• The greatest impact is likely on the white-tailed deer.
• The Texas economic impact of $9.6 billion is noteworthy.

Keywords: 1184, house, all

Transcript Highlights:

• I think a real key is that each of us, on each side of the aisle, have provisions in this bill that we
• They're strongly held positions by either side, and we have those positions.
• On our side of the aisle, to C.A. Mark Knisely, Mark, you're simply the best. That's all I can say.
• And then finally, we do some research on prions and how they impact. Might be for crops.
• I often speak about working together to bring both sides of the issue to the table.

Transcript Highlights:

• So, as you can see, and right hand side.
• And then likewise on the right hand side And then likewise on the right hand side of<00:05:16.080
• They saw drastic impacts and positive impacts on kindergarten readiness.
• Uh and I that's that's impacting this.
• <00:46:21.680> uh uh and so that's not going to impact uh uh and so that's not going to impact

Keywords: 958, all

Summary: The subcommittee met without a quorum and first heard from Kentucky Department of Education officials on career and technical education funding. KDE explained that House Bill 499 created a CTE funding formula using 60% weighted full-time equivalent enrollment and 40% incentives, but House Bill 6’s budget language excluded area technology centers (ATCs) from that supplemental funding. KDE requested approval of an additional budget request of $14,789,352 in each fiscal year 2027 and 2028 to include ATCs in the formula and hold local districts harmless. Officials said ATCs serve students from 117 of Kentucky’s 171 districts and argued the change would reduce funding disparities and better reflect the return on investment from CTE programs, citing growth in dual credit and work-based learning participation. Members asked whether the issue would need to be revisited each budget cycle. KDE responded that the problem could be fixed by removing the notwithstanding language from the budget bill, which they said would allow ATCs to be included under the existing statute. Representative Klein supported the request, saying the current clause could lead to stagnation and that the committee should help the program continue to grow. No vote was taken on the CTE item during the portion of the meeting provided. The committee then heard a presentation from PreK for All on expanding preschool access in Kentucky. Advocates said the state’s preschool program has been funded since 1990 and currently serves about 14,200 children at roughly $84 million per year, but that many working families still fall into a coverage gap. They proposed expanding eligibility to 250% of the federal poverty line, which they said would add about 9,600 children at a cost of $40 million in year two, after a planning year. The proposal also included regulatory flexibility for classrooms and partnerships with private child care providers and nonprofits, with speakers emphasizing child care deserts in some counties and citing research that early learning improves kindergarten readiness and later outcomes. No action or vote was taken on the preschool proposal in the transcript provided.

Transcript Highlights:

• <00:01:29.000> on structures, doesn't have an impact on structures, doesn't have an impact
• crime side.
• I also worry about the grant side.
• these families were definitely impacted these families were definitely impacted in<01:12:30.760>
• deeply and negatively impacted deeply and negatively impacted attendance,<01:21:56.160> not

Keywords: 1187, senate, all

Transcript Highlights:

• First, to talk about the fiscal impact.
• First, to talk about the fiscal impact. First, to talk about the fiscal impact.
• And that we only look at it from the state side. I look at it from the my people side.
• How much either from an administrative side or a cost side do you think that that would take on the counties
• or a cost side do you think that side or a cost side do you think that that<01:08:58.240> would

Bills: HF4906, HF3971, HF4777, HF2109, HF2988

Keywords: property tax, tax refund, taxpayer relief, Minnesota taxation, one-time payment, taxation, property valuation, Tax Court, evidentiary standards, Minnesota Statutes, disparity reduction, aid payments, local government, funding, Fillmore County, education funding, managed forest land, classification, forest management plan, agricultural land

Summary: The committee first approved the April 9 minutes, then took up House File 2988, which would extend for eight more years a sales tax exemption tied to Minnesota State High School League tournament ticket revenue that is funneled into the league’s foundation and returned to schools as grants. Chair Youakim and Executive Director Eric Martins said the program sends more than $1.1 million annually back to schools for activity fee reductions, scholarships, coaching and training, AEDs, late buses, and other school needs, with over 98% of funds going directly to schools. Representative Huot and others spoke in support, while Representative Robinson questioned the structure and suggested the state could instead simply reduce ticket prices and not tax the tickets. The committee laid HF 2988 over for possible inclusion in the omnibus tax bill. The committee then heard House File 4906, as amended, which would create a one-time property tax refund in calendar year 2026 for owners of residential homesteads and the homestead portion of agricultural property, funded by a $4 billion appropriation in fiscal year 2027. The bill includes a clawback for delinquent taxpayers and offsets to ensure no one receives more in property tax refunds than they paid. A House Research staffer said the Department of Revenue viewed the refund as potentially taxable, while House Research said it likely should be treated as a recovery of prior taxes, and the two would follow up. The bill was introduced with testimony from Eric Bernstein of We Make Minnesota and Nan Madden of the Minnesota Budget Project, both of whom opposed it, arguing it would create a large budget hole, force future cuts, and disproportionately benefit homeowners while excluding renters and lower-income Minnesotans. Several members also raised concerns. Representative Hewitt said the state should prioritize public safety, rural EMS, and safety-net hospitals rather than a large rebate, and Representative Youakim argued the money would be better spent on longer-term property tax relief and education funding. Representative Hollins said the proposal would worsen racial and wealth inequities because homeownership is lower among communities of color and renters would get nothing. In response, the author and supporters said the bill is meant to put money back into people’s budgets and that individuals should be able to decide how to use their own money. The discussion continued with questions about the bill’s size and fiscal impact, but no final action on HF 4906 was taken in the portion provided.

Transcript Highlights:

• and the economic impact it's having on our communities.
• or the industry side will say that they don't.
• or the industry side will say that they don't.
• It would have no impact on those. Um, Fishing, hiking, etc. It would have no impact on those.
• on this side of the room, the scientists that are...

Keywords: 995, all

Summary: The committee hearing covered a wide range of animal, wildlife, hunting, and environmental bills. Early testimony focused on deer management, with Rep. Markey urging creation of a deer commission to address crop damage, vehicle collisions, and Lyme disease, and Sen. Durant supporting bills to allow Sunday bow hunting, expand crossbow use, and reduce the 500-foot dwelling restriction for archery hunting. Supporters framed these measures as practical wildlife-management tools, while questions centered on how they would differ from existing Fish and Wildlife authority and whether they would allow hunting closer to residences. Later, Rep. Sena also spoke in support of a bill to increase protected wildlife management areas and another to require non-lead ammunition, arguing both would benefit biodiversity and reduce environmental harm. A substantial portion of the hearing addressed animal welfare and commerce. Multiple witnesses supported bills to ban or phase out the retail sale of dogs, cats, rabbits, and guinea pigs in pet shops, arguing that pet stores rely on puppy mills and obscure the source of animals, while opponents said the bills would hurt responsible breeders, small businesses, and consumer choice. The committee also heard strong testimony for bills to ban the sale of cats and dogs in pet shops, with supporters citing sick animals, consumer deception, and the need to cut off the puppy mill supply chain. In a separate animal-testing segment, witnesses backed bills requiring non-animal testing methods for cosmetics and household products, saying alternatives are more accurate and humane; biomedical research representatives opposed those bills and a related research-animal measure, warning of unintended restrictions on research institutions and arguing animal models remain necessary for many studies. The committee also heard testimony on horseshoe crab conservation, with supporters of H. 898 urging an end to taking horseshoe crabs for bait because of population declines, shorebird impacts, and the species’ importance to biomedical science. On wildlife trafficking, witnesses backed bills to ban intrastate sales of ivory and rhino horn, saying Massachusetts should close loopholes that aid poaching and align with federal law and other states; one antique dealer testified in support, saying he avoids such items and still sees them in the marketplace. Additional testimony supported bans on fur products from factory farms and on force-feeding birds for foie gras, with advocates emphasizing cruelty, public health, and environmental concerns. The hearing was lengthy and heavily attended, with the chairs repeatedly limiting testimony to three minutes and inviting written submissions; no committee votes or final actions were taken during the transcript excerpt.

Transcript Highlights:

• The other side death by a thousand cuts.
• ,<00:13:09.519> I Having voted on the prevailing side, I Having voted on the prevailing side
• business size, looking at the impacts business size, looking at the impacts the<00:38:20.400>
• impact of that. impact of that.
• the fiscal impact over the long term. the fiscal impact over the long term.

Bills: HF3127, HF3816, HF3814, HF3815, HF3817

Keywords: taxation, pass-through entity, qualifying owner, partnership, S corporation, tax return, corporate franchise tax, individual income tax, research expenditures, federal compliance, Minnesota Statutes, income tax, corporate tax, section 179, federal conformity, HF3815, Minnesota taxes, tax conformity, Internal Revenue Code, IRC conformity

Transcript Highlights:

• it impact our statutory obligations here in Arizona?
• I mean, the impact to better. Masking, school closures.
• You know, our belief is that it doesn't impact us.
• I asked her, does this impact us, and she believes it does not.
• I've been on the same side of him, and I've been opposed to him.

Keywords: 1182, all

Transcript Highlights:

• Senator Putnam, just since we don't have a side by side, if you wouldn't mind naming what provisions
• Senator Putnam, just since we don't have a side by side, if you wouldn't mind naming what provisions
• Senator Putnam, just since we don't have a side by side, if you wouldn't mind naming what provisions
• Senator Putnam, just since we don't have a side by side, if you wouldn't mind naming what provisions
• Senator Putnam, just since we don't have a side by side, if you wouldn't mind naming what provisions

Keywords: 1187, senate, all

Transcript Highlights:

• I work directly with people impacted by the justice system, both on the law enforcement side as well
• I know that you said that there's zero fiscal impact.
• And either side can answer that question.
• My commitment to both sides, all sides in this, is that whether it's in committee or not, I and my...
• ...sides, all sides in this, is that whether it's in committee or not, I and my team, who you see up

Summary: The committee heard several public safety measures, with extensive testimony on firearms regulation, disability and sexual assault, mental health diversion, emergency response, and law enforcement masking. SB 704 by Senator Arreguín would require firearm barrels to be purchased through licensed dealers with a background check, as a response to the rise in ghost guns and 3D-printed firearms; supporters said barrels are a key component of untraceable guns, while opponents argued the bill burdens lawful gun owners and does little to stop criminals. SB 258 by Senator Wahab would eliminate the remaining spousal rape exception for victims unable to consent because of disability; supporters called it a needed closure of an archaic loophole, while disability-rights advocates opposed it unless amended, warning it could worsen misunderstandings about capacity to consent and harm disabled people’s autonomy. After debate, SB 258 passed the committee on a due-pass motion to Appropriations, with several members voting aye and the bill held on call. Senator Umberg presented SB 398, which closes a loophole in the law prohibiting paying or offering money or other value to induce someone to vote or register to vote; there was little opposition, and the bill passed on a due-pass motion to Appropriations and was held on call. He also presented SB 27, a CARE Court cleanup measure that would allow certain misdemeanor defendants found incompetent to stand trial to be routed into CARE Court and would expand eligibility to some people with mood disorders with psychotic features. Supporters said it would improve access to treatment and reduce unnecessary incarceration, while county behavioral health directors and disability advocates warned it could blur the line between voluntary civil treatment and coercive criminal proceedings and expand CARE Court beyond its intended scope. SB 27 passed on a due-pass motion as amended to Appropriations. The committee also heard SB 36 from Senator Umberg, a price-gouging measure tied to wildfire-related emergency conditions that also expands search-warrant authority for certain misdemeanor investigations. Public defenders opposed the search-warrant expansion as unnecessary, while a late supporter from the Los Angeles County District Attorney’s Office spoke in favor; the bill was moved on a due-pass motion as amended to Appropriations and held on call. SB 571 by Senator Arreguín would increase penalties for impersonating emergency personnel and related conduct during disasters; supporters cited post-fire looting and impersonation, while opponents argued longer sentences do not deter crime and that existing law is sufficient. The bill passed on a due-pass motion as amended to Appropriations and was held on call. Finally, Senator Wiener presented SB 627, which would prohibit law enforcement from wearing extreme masks except in limited circumstances, aimed largely at masked federal immigration enforcement operations. Supporters said masked, unidentified officers create fear and undermine trust, while law enforcement groups argued the bill wrongly sweeps in local officers, is too broad, and should instead target federal agents or impersonators. Testimony was still underway when the transcript ended, and no final committee action on SB 627 is shown here.

Transcript Highlights:

• side of the page.
• On the right side, we're showing interest rate sensitivity or duration.
• They do impact the financial position of the plan, what it looks like.
• This is the cost impact of the changes. And the note here is very important.
• Because that has a negative impact on all of us.”

Keywords: 959, house, all

Summary: The Joint Committee on Public Employee Retirement held a hearing focused on the Missouri State Employees’ Retirement System (MOSERS) and its long-term financial condition. MOSERS staff and its investment consultant reviewed the system’s structure, membership, funding policy, and investment approach. They reported a June 30, 2025 funded ratio of 55.4%, with about $17.4 billion in liabilities and $9.6 billion in assets, and explained that the board certified a 32% employer contribution rate under its minimum contribution policy, up from 30.25%, which will increase state appropriations. They also described the system as mature, with more retirees and inactive members than active employees, and said declining payroll growth has made it harder to improve funding. The presentation emphasized that recent board actions were intended to strengthen the plan over the long term, even though they increased near-term costs. Those changes included lowering the assumed investment return over time to 6.95%, updating mortality assumptions, moving from an open to a closed amortization schedule, and adopting a minimum employer contribution policy. The investment consultant said MOSERS historically used a more risk-balanced asset allocation than many peers, which helped explain weaker relative returns during a long period when public equities outperformed; the board has since shifted toward a more equity-oriented allocation. He said recent performance has improved, with the portfolio outperforming its policy index and ranking better against peers in the short term, though longer-term peer performance remains a concern. Committee members questioned why the funded ratio had declined over roughly 20 years and whether past investment and actuarial assumptions were too optimistic or too conservative. MOSERS officials responded that the current board is trying to correct earlier decisions and that the present strategy is more in line with industry practice. Members also discussed a proposed MOSERS bill package that would automatically refund small balances to terminated non-vested members and increase deferred compensation auto-escalation, with officials saying the refund provision would improve efficiency and return small balances sooner. The committee also briefly discussed ongoing litigation involving Catalyst Capital; MOSERS said attorney fees have been about $20 million so far, the case remains on appeal, and the damages amount is sealed. No formal votes were taken, and the committee adjourned after questions and discussion.

Transcript Highlights:

• Uh but that's going to impact impact impact what<00:15:38.959> we<00:15:39.199> can<00:
• ticket things on the individual side. ticket things on the individual side.
• to spend is going to be impacted by it. to spend is going to be impacted by it.
• to impacted citizens. to impacted citizens.
• It impacts our businesses, and it impacts the cost of executing government services.

Keywords: 924, joint, all