Transcript Highlights:

• This is largely to compete with those local competitive salaries, to bring them up to an hourly salary
• Teacher salary allocation, it's a total $201 million increase.
• This is largely to compete with those local competitive salaries to bring them up to an hourly salary
• that is competitive. competitive salaries to bring them up to an hourly salary that is competitive and
• Teacher's salary allocation, it's a total $201 million increase.

Bills: S7010

Committee: Senate Appropriations

Keywords: Roth contributions, deferred compensation, retirement savings, Florida Statutes, tax benefits

Summary: The Senate Committee on Appropriations met to take up SB 7010 by Senator Mayfield, which would authorize Roth post-tax contribution options in state and local deferred compensation plans. The bill was briefly explained, received one appearance in support, had no debate, and was reported favorably by roll call vote. The committee then heard a lengthy presentation from the Governor’s Office of Policy and Budget on the governor’s recommended $117.4 billion “Floridians’ First Budget.” The presentation highlighted major spending areas including education, health care, public safety, transportation, environmental restoration, and economic development. Key proposals included increased FEFP funding for K-12 schools, teacher salary funding, higher education support, Everglades and water quality funding, emergency preparedness reserves, corrections staffing and pay increases, law enforcement recruitment bonuses, cybersecurity, and affordable housing and infrastructure investments. Members asked extensive questions about property tax reserve planning, litigation funding, emergency response fund balances and expenditures, the use of federal reimbursement for the Everglades detention facilities, the animal abuse hotline, Hope Florida, corrections staffing, and the proposed reduction in ADAP eligibility for HIV/AIDS medication assistance. A member of the public also testified at length about concerns that the ADAP changes would harm access to life-saving medications and alleged improper shifting of program funds. Committee members and the presenter acknowledged follow-up questions on several items, but no additional votes or formal actions were taken beyond the favorable report on SB 7010 and adjournment.

Transcript Highlights:

• a high level, primarily includes the career ladder, which represents how the state funds teacher salaries
• This includes all dollars for health insurance, all dollars for discretionary funding, and all salary
• You've got your transportation for busing, your salaries.
• This position includes a salary of $69,000 and benefits of $33,000.
• This position includes a salary of 69,000 and benefits of 33,000.

Summary: The committee received a detailed JFAC presentation on the K-12 public school support budget from Legislative Services analyst Kellan McGurkin, followed by testimony from Superintendent Debbie Critchfield. McGurkin reviewed how Idaho’s school funding formula works, including support units, staff allowance, career ladder salary funding, discretionary funding, health insurance, transportation, facilities, and the Public Education Stabilization Fund. He explained the FY 2026 revised budget, including a reduction in projected support units and an ongoing $22.3 million general fund rescission, and then walked through the FY 2027 request and the Governor’s recommendation. Major FY 2027 items included health insurance adjustments, transportation growth, federal fund authority, and proposed one-time special education initiatives: a $5 million high-needs fund and a $1 million regional service model, both tied to interest or transfers from other funds. The Governor also recommended eliminating or reducing some items, including virtual school-related payments and a reduction to Idaho Digital Learning Academy funding, which would lower the general fund request compared with the agency proposal. Critchfield framed the budget around enrollment trends, shifting student populations, and the need for flexibility in how districts use existing dollars. She highlighted gains in literacy, graduation rates, dual credit and career technical participation, and said the department wants more categorical flexibility for professional development, technology, and digital content funds so districts can redirect unused money to higher priorities such as literacy or special education. She also described the Idaho Career Ready Students grant as having created 170 new programs and said remaining funds are obligated. On special education, she said costs are growing faster than current funding and argued for a bridge solution while broader funding issues are addressed; she also said the department is pursuing a regional service-center model to help rural districts share hard-to-fill specialists. Critchfield additionally outlined planned federal waivers on assessments and flexibility, and said the state is seeking more control over education decisions. Committee members focused heavily on funding mechanics, especially whether career ladder and health insurance money is distributed per teacher or through support units, how discretionary funds are used, why insurance amounts in the budget book differed from current projections, and whether districts can use leftover health insurance dollars for other purposes. Members also questioned the proposed special education funding, the use of interest earnings from dedicated funds to support the general fund, the size and use of school contingency balances, and whether the state should revisit the funding formula itself. No votes were taken during this portion of the meeting; the discussion remained in presentation and questioning, with several follow-up requests for data and clarification.

Transcript Highlights:

• Item 1, 79,000 in general revenue for staff salary increases is adopted.
• Under targeted salary increases, 87,000 for salary increases for actuarial andform review staff is adopted
• Item 3 under agency requests, 650,000 for salary increases is adopted.
• Item number 2, 508,000 in GR GRD funding for staff salary increases, is adopted.
• Item 2, 238,000 for staff salary increases is adopted.

Bills: SB 1

Committee: Senate Finance

Keywords: campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards

Transcript Highlights:

• to deal with this issue of salary compression?
• to deal with this issue of salary compression?
• Salary compression.
• to deal with this issue of salary compression?
• <00:21:27.600><c> increase</c> salary increase salary increase then<00:21:29.240><c> it</c><00:21:29.360

Keywords: Consideration of HB 491 02:14 Consideration of HB 738 07:58 Guest presentation by Taiwan Consul General Elliott Wang 25:20 Consideration of HCR 50 36:37 Consideration of SB 19 49:29, 958, all

Summary: The House State Government Committee met with a quorum and first considered House Bill 491 by Representative Steve Riley. The committee adopted a proposed committee substitute, then heard that the bill would raise the threshold for certain capital project and equipment purchases from $200,000 to $500,000, remove a requirement for a special board meeting when replacing a board of regents member, allow certain employees or contractors to perform capital construction work up to $500,000, remove limits on retired police officers working at postsecondary institutions, and speed release of pension information to employers. Members asked about reporting and oversight of the higher threshold, and the witness said the records are maintained by institutions and available upon request. HB 491 passed on a 19-0 roll call vote. The committee then heard House Bill 738 by Representative Griffey, relating to state personnel and the constitutional officers. The bill would give independently elected constitutional officers more flexibility to hire unclassified employees and set salaries for classified employees up to the midpoint without Personnel Cabinet approval, while leaving pay scales, appropriations, and funding limits unchanged. Representative Griffey and witnesses from the auditor’s office said the measure was intended to reduce red tape, address salary compression, improve pay equity, and help recruit and retain staff; they also said it would allow offices to fill policy roles needed for audits and other work. Members questioned the fiscal note, salary caps, and whether the bill would affect future budget requests. The bill passed 18-1, with one pass, and the chair noted it would move favorably to the House floor. After those bills, the committee briefly welcomed Taiwan’s consul general, Elliot Wang, and Representative Adam Bowling spoke about Kentucky’s relationship with Taiwan, including trade, investment, and prior assistance during disasters. Wang described Taiwan’s economic ties with the United States, ongoing trade and investment developments, defense and education cooperation, and people-to-people exchange programs, noting Kentucky was the first state to sign an education cooperation MOU with Taiwan in 2021.

Transcript Highlights:

• If somebody is on leave, the money that was allocated for their salary is still being used.
• , initial salary, to 75%.
• LCS Human Resources will make some suggested adjustments to those DLA salaries.
• for their individual And another legislator may ask for a lower salary.
• So even the highest salaries would still be within the maximum Of pay band E.

Committee: House Legislative Council

Transcript Highlights:

• So indexing it, like the representative said, to a beginning teacher salary means that we don't have
• As we increase teacher salaries...
• Back that as we increase teacher salaries, then our residents will keep up with the times.
• The problem is right now I'm choosing between a $35,000 stipend or a $55,000 salary with benefits.
• this would be tied to those teacher salaries, and then thereby it would protect everybody.

Summary: The House Government, Elections and Indian Affairs Committee met and first heard House Bill 30, which would update New Mexico’s teacher residency program. The sponsor and supporters said the bill would raise and index residency stipends to a percentage of a level-one teacher salary, better align pay with teacher compensation over time, and loosen post-residency service rules so residents could teach anywhere in New Mexico rather than being tied to one district. Testimony from educators, school boards, unions, and teacher-preparation groups emphasized that year-long residencies improve classroom readiness, help recruit career changers and special education teachers, and increase retention, especially in rural areas. Members asked about the stipend calculation and funding impacts; the bill was described as using existing grow funding and possibly requiring tradeoffs in future years. The committee approved HB 30 on a do-pass vote. The committee then considered House Bill 43, a PERA cleanup bill. PERA staff explained that the measure makes technical corrections, resolves ambiguities, and aligns the statute with current administrative practice without making major policy changes. Supporters from AFSCME and the Educational Retirement Board said the bill would help administer retirement benefits more clearly, reduce litigation risk, and improve reciprocity for members with both PERA and ERB service credit. Committee questions focused on liability for overpayments, disability-retiree earnings limits, and survivor benefits for volunteer firefighters; staff said the changes were intended to broaden and modernize the language and mirror other retirement plans. HB 43 also received a do-pass recommendation. Finally, the committee heard House Bill 255, which would consolidate separate public safety workforce funding streams into a single nonreverting public safety workforce capacity building fund. The sponsor and Department of Finance and Administration witnesses said the new fund would create a more durable, flexible way to support recruitment, retention, relocation assistance, training, equipment, and other workforce needs for police, corrections, firefighters, and related public safety personnel. Supporters from the State Police, counties, labor, and the Greater Albuquerque Chamber said vacancies and short staffing are severe and that a stable grant program would help fill positions and improve public safety and economic stability. After brief questions about the fund structure and uses, the committee passed HB 255 on a do-pass vote.

Transcript Highlights:

• But these funds are to be used for salaries.
• But these funds are to be used for salaries.
• equalization, and LEARNS minimum teacher salaries.
• So, in addition to its restricted use for teacher salaries and benefits, teacher salary equalization
• However, the districts that report, or have been identified with the target salary or an annual salary

Summary: The committee approved the March 9 and 10 minutes and then heard a presentation from the Arkansas Department of Education on the Arkansas Excellence in Teaching Fellowship, featuring three third-grade teachers from Cabot, Poyen, and Drew Central who are also teacher merit pay recipients. The teachers described the fellowship as a year-long Zoom-based collaboration with about 23 educators statewide, focused on sharing classroom strategies, data use, and professional support. Members asked about the teachers’ experience, how they share what they learn with their districts, the range of grades represented in the fellowship, and the relationship between the fellowship and merit pay. The teachers emphasized building relationships with students, using data to drive instruction, early intervention, and collaboration across grade levels, while the secretary said the program is intended to identify and elevate high-performing teachers and spread their practices. A major portion of the discussion focused on third-grade reading, retention, and the new ATLAS testing system. Teachers and the secretary said students are screened and progress monitored throughout the year, families are notified early if students are at risk, and schools are using interventions, tutoring, and individualized reading plans. They said ATLAS results are now available much faster than in the past, often within 24 hours or a few days, allowing teachers and parents to respond quickly. Members asked about the impact of poverty, trauma, foster care, DHS involvement, IEPs, and critical shortage areas; teachers said relationship-building, small-group instruction, and coordination with counselors and special education staff are key. The secretary said the fellowship is a small subset of a broader merit pay program, that participation was voluntary, and that the state is trying to build a coherent system with literacy coaches, high-impact tutoring, and clearer standards rather than teaching to the test. Members also discussed broader policy issues, including the need for more positive public messaging about public education, teacher input in decision-making, and support for early childhood education. Several legislators asked whether the state should expand funding for early learning and whether more literacy or academic coaches are needed in districts that improve and then lose eligibility for state support. The secretary said the state has committed literacy coaches to D and F schools and is still working through how to sustain support as schools improve. He also said the administration would look at data and return on investment before supporting additional funding, and he encouraged legislators to help recruit eligible teachers into future fellowship cohorts. After the teacher panel concluded, the committee moved on to the adequacy resource allocation study, where Bureau of Legislative Research staff began a presentation on state and local education funding sources, categorical funds, and district spending patterns.

Transcript Highlights:

• CBC CEO salaries do have to adhere to federal and state requirements.
• I wanted to go back to what we were just talking about with salaries at CBCs.
• but I will—I think it can't be more than 150% of the secretary's salary.
• What is the salary range of the executive contracts or the CEOs of the CBCs? The salary range?
• I would say offhand, I don't have their salaries in front of me.

Summary: The Human Services Subcommittee met with a quorum present and took up a presentation from the Department of Children and Families on HB 7089, which revises how Florida’s community-based care (CBC) lead agencies for child welfare are funded. Representative McFarland described the bill’s background, arguing that the prior formula relied too heavily on outdated, static factors and produced inequities among CBCs. She emphasized that the new approach is intended to provide a more stable, transparent, and statute-based funding method that better supports prevention, case management, and family services while reducing year-to-year political uncertainty. DCF Chief of Staff Casey Penn explained that HB 7089 required an actuarially sound, reimbursement-based formula developed with CBC and provider input. The new model uses a cost-based structure with three tiers: Tier 1 for operational and administrative costs, Tier 2 for per-child/per-month service costs, and a possible Tier 3 incentive component for performance measures if the Legislature chooses to fund it. The model includes regional growth factors, inflation adjustments, a 2% risk corridor for Tier 2, a hold-harmless provision for agencies that would otherwise receive less than prior funding, and the ability for CBCs to retain some state general revenue savings. DCF said the model produced a total budget need of about $1.392 billion, roughly $28.6 million above the prior year after offsets, and that the department is also updating its child welfare case management system to improve data quality and future modeling. Members asked about whether prevention spending is captured, how Tier 3 incentives would work and how much they might cost, how the formula accounts for insurance, hurricanes, child acuity, and staffing costs, and whether CBC executives’ compensation is capped. DCF said prevention is included in the model but is not yet separately broken out due to data limitations, Tier 3 is optional and not yet costed, and the formula can incorporate additional growth factors if needed. On executive pay, DCF explained that compensation is limited by statute for CBC contracts, but multiple contracts and non-state funding sources can affect total compensation; staff later clarified that CBC CEOs with multiple contracts had been reviewed for compliance. The meeting ended after questions, and Representative Miller moved to adjourn; the subcommittee adjourned without any vote on the bill.

Transcript Highlights:

• Beginning with item one, impact of educational professional salary increases.
• adjustment and decreases by their educational professional salary increase writer to provide salary
• A chart of page four of our written testimony shows how salaries have fallen behind.
• District salary schedules and provided directly in on an ongoing basis.
• any teacher salary costs they had over the last two years.

Committee: House Appropriations - S/C on Article III

Keywords: 1184, house, all

Transcript Highlights:

• So the average model salary in salary.
• </c> thinking about a higher starting salary. thinking about a higher starting salary.
• Our salaries are still very salaries.
• It goes to salaries. It goes right sky. It goes to salaries.
• </c> million being allocated for salaries. million being allocated for salaries.

Committee: Joint Select Committee on School Finance Recalibration

Keywords: 916, all

Transcript Highlights:

• The salaries, the base salaries are based upon the assessed valuations, and this has not been changed
• But it sets the salary commission members, which are the very ones that are setting their salaries, as
• But it sets the salary commission members, which are the very ones that are setting their salaries, as
• This is a minimum salary schedule, is what this is.
• Our salaries are already going to go up by 10 or 15 or 20%.

Committee: House Local Government

Keywords: 959, house, all

Transcript Highlights:

• I think I thought I heard you say something about a salary or recommended salary.
• The base salary is $53,000. The base salary and the recommended $12,000 increase to $65,000.
• We believe that salary, the salary of the position, is one of the reasons that we're unable to attract
• We do not set the salary of a court reporter; the legislature sets the salary by statute.
• The judicial salary increase is the same, and the staff salary increase. I've said it last year.

Committee: House A&B Judiciary Subcommittee

Keywords: 914, all

Transcript Highlights:

• The second most important thing was having their salaries reviewed or increases in their salaries.
• It is the ratio between a salary and the midpoint of the salary range for that job.
• Since the comp ratio calculation is based upon the salary range, and we only assign salary ranges to
• It does not provide full salary, but it's a partial salary.
• Currently, the final average salary is the higher of the final average salary calculated on December

Committee: Joint Employee Benefits Programs Committee

Summary: The Employee Benefits Committee met to hear presentations on state employee health insurance, compensation, leave policies, labor market conditions, and prevailing wage issues, then later took up committee rules and bill-draft jurisdiction. PERS reviewed the history and structure of the state health plan, noting the state has paid the full family premium since 1979, described cost-control and benefit-enhancement changes over time, and explained current plan options, wellness incentives, employer wellness discounts, and the upcoming bid process for the 2027-29 contract. HRMS then presented compensation comparisons showing state classified pay generally trails private and regional markets, with larger gaps at higher-level jobs, and reviewed benefits and leave policies, including the new enhanced annual leave and new-hire leave, the state’s unpaid family leave structure, and varying tuition reimbursement practices. Job Service reported on labor force trends, low unemployment, high labor force participation, job openings, and wage growth, and OMB said there are no state prevailing-wage requirements beyond federal Davis-Bacon rules for federally funded projects. The committee then considered a proposed amendment to Joint Rule 211 to better align the health insurance mandate review process with recent statutory changes. Members discussed how the rule should reference both the committee’s required actuarial reports and the Legislative Council cost-benefit analysis, and the amendment was adopted on a roll call vote. The committee also discussed how its jurisdiction decisions affect whether a bill draft receives actuarial analysis, with staff explaining that a decision not to take jurisdiction means the bill is not treated as impacting the relevant retirement or health plans for purposes of that analysis. After that, the committee began reviewing bill drafts for jurisdiction. The first draft, bill draft 33, would automatically renew pre-tax elections for dental and vision coverage during open enrollment instead of requiring annual re-election. Members debated whether it had any actuarial impact, noting the state does not pay those premiums directly, and the discussion was still underway when the transcript ended.

Transcript Highlights:

• as monthly salaries.
• and wages in this budget. with these minor changes All salaries and wages in this budget.
• Many of the salaries and wages in this budget are for seasonal temporary employees.
• Funding is added for salary equity. $40,000 was added.
• Salaries that they're experiencing when trying to hire new employees.

Keywords: 908, all

Summary: The House convened with prayer, pledge, and roll call, establishing a quorum. It then took up a series of appropriations and policy bills, with the most extensive debate centered on Senate Bill 2025, the Department of Veterans Affairs budget. The House approved amendments that shifted governance of the department and veterans’ home from ACOVA to the governor, citing concerns about ACOVA’s salary-setting actions and broader appropriation oversight. Members opposed to the change argued ACOVA had studied compensation and acted within its role. The amended bill passed 57-34, and the final bill passed 69-22 with the emergency clause carrying. The House also passed Senate Bill 2001, the legislative branch budget, which funds the 2027 session, legislative staff, chamber upgrades, IT improvements, and salary adjustments for legislative leaders; the bill passed 62-29, but the emergency clause failed. Senate Bill 2019, the Career and Technical Education budget, passed 82-10 with emergency clause. Senate Bill 2021, the Information Technology Department budget, passed 75-17 after discussion of data center migration, service automation, mainframe transition, ERP study, and DPI’s move from PowerSchool to Infinite Campus. Other measures passed included Senate Bill 2228 for rural grocery store sustainability grants, Senate Bill 2390 creating a rural catalyst community grant program, Senate Bill 2188 adjusting the Clean Sustainable Energy Authority, and Senate Bill 2265 authorizing a veterans national cemetery grant and line of credit with added reporting safeguards. Several House bills returned from the Senate were concurred in and then passed, including House Bill 1361 on mandatory minimum sentences for human trafficking offenders, House Bill 1017 for the Game and Fish Department, House Bill 1588 on firearms and dangerous weapons provisions, House Bill 1429 on harassment and stalking involving robots, House Bill 1591 on county fair resiliency grants, House Bill 1537 on service agreement protection for water projects, House Bill 1203 on edible medical marijuana products, and House Bill 1027 transferring administration of the State Fire and Tornado Fund from the Insurance Commissioner to OMB. The House also rejected a motion to reconsider Senate Bill 2307, which dealt with library materials and obscenity-related restrictions, by a vote of 48-51. In addition, the chamber appointed conference committees on several House and Senate measures where concurrence had failed, and laid over Senate Bill 2340 for two legislative days.

Transcript Highlights:

• members be compelled to attend and that those who remained absent would forfeit their legislative salary
• members be compelled to attend and that those who remained absent would forfeit their legislative salary
• members be compelled to attend and that those who remained absent would forfeit their legislative salary
• uh as long as they equal to their salary uh as long as they are<00:08:51.720><c> not</c><00:08:51.959
• their salary correct do you witholding their salary correct do you want<00:09:05.320><c> to</c><00:09

Keywords: 1183, house

Transcript Highlights:

• The salaries, the base salaries, are based upon assessed valuations, and this has not been changed for
• But it sets the salary commission members, which are the very ones that are setting their salaries, as
• We don't set our salaries, and we don't have to do that.
• This is a minimum salary schedule, is what this is.
• Our salaries are already going to go up by 10 or 15 or 20%.

Committee: House Local Government, Elections and Pensions

Summary: The committee first met in executive session and unanimously voted Senate Substitute for Senate Bill 914 and House Committee Substitute for House Bill 3467 due pass. HB 3467 was amended before passage; the sponsor said the changes clarified that any tax authority would apply only if a tax change is actually approved, corrected county/city references, and fixed ballot-language issues involving sheltered workshops. Members generally praised the sponsor’s work, though one member noted concern about shifting more burden to sales taxes. The main public hearing was on H.J.R. 107, which would place before voters a constitutional question allowing Jackson County to consider separating Kansas City from the county or otherwise altering its charter government. Sponsor Rep. Steinmeyer argued the measure was about voter sovereignty and local control, citing prior Jackson County ballot measures and saying entrenched local power had blocked reform. Supporters echoed that Jackson County residents were frustrated with representation, taxes, and county governance. Opponents, including Kansas City and chamber representatives, argued the proposal was unnecessary, costly, procedurally unclear, and potentially destabilizing; several members also questioned the 10-year resubmission clause, the exclusion of local officials from the transition process, and the statewide fiscal impact. No action was taken on the resolution during the hearing. The committee then heard Senate Substitute for Senate Bill 975, dealing with ambulance district mergers and community paramedic/mobile integrated health services. Senator Black and supporters said the bill would help struggling rural ambulance districts merge without disrupting billing, contracts, or service, and would expand community paramedic care for low-acuity patients and hospital-at-home models. Several witnesses from ambulance and fire districts described successful programs and said the bill would improve patient care and help rural areas. Opponents, including ambulance and fire district representatives, supported the merger provisions but objected to Senate-added language they said would let districts provide community paramedic services across jurisdictional lines without memorandums of understanding, undermining local control and negotiating power. The hearing ended with testimony still ongoing after a recess for floor session; no vote on SB 975 was reported in the transcript.

Transcript Highlights:

• This bill was, of course, the salary commission for county officials.
• No, the cost-of-living adjustments are dealt with differently through the salary commission.
• These are just the base salaries for that position. All right.
• base, or not that salary base, but their current salary, which in theory will be more than the salary
• schedules, the salary... ...schedule bill.

Committee: House Local Government

Keywords: 959, house, all

Transcript Highlights:

• So as governor's salary as set by law.
• the exorbitant salaries of their seauite<00:09:01.600><c> executives.
• </c> whose salaries you and I pay. whose salaries you and I pay.
• </c><00:24:22.000><c> Is</c> salary is being covered by the rate.
• Is salary is being covered by the rate.

Keywords: 919, house, all

Summary: The committee heard House File 76, as amended by the adopted A1 amendment, and the chair moved the bill to be re-referred to the general register. The bill would limit the amount investor-owned utilities can charge ratepayers for executive compensation, capping recoverable pay for the top 10 executives at the governor’s salary. Representative Greenman argued the measure would protect customers from paying for lavish executive pay and said it would not affect what executives are paid, only what can be recovered from ratepayers. She cited recent Public Utilities Commission action and ongoing rate cases as evidence the issue is real and recurring. Supportive testimony came from a Minneapolis resident describing financial hardship and rising utility bills, a local worker who said customers have no choice of utility provider and should not fund monopoly executive pay, and advocates from the Energy and Policy Institute and Utility Reform Now, who said ratepayers should not subsidize excessive compensation and that the bill is a targeted reform. Xcel Energy and CenterPoint Energy opposed the bill’s premise by defending the current regulatory process. Their representatives said the PUC already reviews executive compensation in rate cases, generally allows only limited recovery, and has used that process for decades. Xcel also emphasized its affordability programs and said executives help secure savings and investments for customers. Members discussed whether the legislature should set a bright-line rule or leave the issue to the PUC. Representative Greenman said the bill is needed because the PUC process can take years and the legislature should establish a clear standard for all investor-owned utilities. Some members supported the bill as a response to an affordability crisis and the lack of consumer choice, while others said the legislature should focus on broader energy-cost issues and existing regulatory tools. The committee did not take a final vote on the bill in the portion of the meeting provided, but the amendment was adopted and the bill was moved for re-referral to the general register.

Transcript Highlights:

• </c><00:13:12.959><c> increase</c> is the individual salary increase is the individual salary increase
• Salaries have gone up so our right?
• Uh there's another way sick salary.
• </c><01:37:45.199><c> and</c><01:37:45.280><c> final</c> salary credit for inclusion and final salary
• and their final average annual salary and their final average salary<01:40:37.040><c> the</c><01:40:

Keywords: 958, all

Summary: The meeting opened with a quorum call, the Pledge of Allegiance, a prayer, and approval of the prior meeting minutes. The first presentation was from Bo Craycraft of the Judicial Form Retirement System, who gave an update on investment performance, asset allocation, cash flow, and projected employer costs. He reported strong fiscal year 2025 investment results, with both the legislative and judicial retirement plans outperforming their actuarial assumed rates of return and benchmarks, driven largely by U.S. equity performance. He also noted the plans remained near their target asset allocation and continued to experience negative cash flow, though he said that was manageable in context of strong asset growth. Craycraft then discussed a recent experience study and actuarial assumption changes, especially a revised salary growth assumption and a higher cash balance interest credit rate. He said these changes increased projected employer costs, with contributions rising from about $700,000 to a projected $2 million in later years, though he expected the eventual 2025 valuation and investment gains to reduce that estimate. Members asked about mortality assumptions, the impact of the experience study on liabilities, and the sharp increase in the judicial plan’s projected employer cost. Craycraft explained that the increase was driven mainly by the updated assumptions and that no other major plan changes were involved. At the chair’s request, Craycraft also addressed the recent rise in Medicare Advantage premiums for the plan’s health coverage, saying the 2025 increase was largely tied to Part D changes and the Inflation Reduction Act and had been about 45%, but that future growth was expected to be under 5%. After his presentation, the committee moved to the Kentucky Public Pensions Authority update, where the next speaker began by saying the funds had exceeded actuarial assumed returns for the fiscal year.

Transcript Highlights:

• Next assumption is general salary growth.
• We recommend a single general salary growth, or GSG, assumption for all systems.
• We then study the remaining salary increases due to demographic forces.
• So we expect higher salary growth due to regional inflation being higher.
• 25 basis point increase to the general salary growth assumption.

Committee: Joint Pension Funding Council

Summary: The Pension Funding Council met on October 8 with introductions from council members and staff, then received a detailed presentation from the Office of the State Actuary on long-term economic assumptions and the state pension systems’ financial condition. OSA reported that the combined pension systems are currently 100% funded on a smoothed basis, with open plans above 95% funded, and that legacy Plan 1 systems remain on a path toward full funding under current policy. The actuaries recommended updating assumptions to 3% inflation, 3.5% general salary growth, and a 7.25% investment return, while keeping Plan 1 membership growth at 1%. They also explained asset smoothing, the role of recent strong investment returns, and the expected budget impacts of the recommended changes. Representatives from the Economic and Revenue Forecast Council and the State Investment Board offered supporting perspectives, generally describing the assumptions as reasonable and consistent with their own outlooks. The council also heard an overview of the Long-Term Services and Supports Trust Program (WACares) from DSHS and OSA. Program staff described the program’s social insurance structure, premium collection, benefit eligibility, and upcoming implementation milestones. OSA reported that the program’s first actuarial valuation showed a positive actuarial balance under the base scenario and recommended no change to the current 0.58% premium rate during the program’s early learning phase, noting that future changes would depend on experience and the program’s risk-management framework. OSA also said the recommendation would remain the same regardless of the outcome of the pending ballot measure affecting investment options. During public comment, a representative of the Washington State School Retirees Association urged continued work on Plan 1 funding and related legislation, while the Association of Washington Cities cautioned against increasing pension assumptions in a way that could raise future employer costs and reduce flexibility for current local government services. In action, the council adopted a motion to maintain the current long-term economic assumptions by a 4-2 vote, adopted the recommendation to keep the WACares premium rate at 0.58% by a 6-0 vote, and then elected Katie Chapman as council chair by unanimous vote. The meeting then adjourned.