Transcript Highlights:

• place in the contribution in the future. place in the contribution in the future.
• off on the employer contribution to 1%. off on the employer contribution to 1%.
• <00:45:16.400> would employer's additional contribution would employer's additional contribution
• > members<00:46:06.480> have contribution that these members have contribution that these
• supplemental employer contribution supplemental employer contribution longer<00:50:53.119> than

Keywords: 1187, senate, all

Transcript Highlights:

• > contributing contributing phasing into contributing contributing phasing into contributing an
• <00:12:26.800> that that fixed statutory contribution that that fixed statutory contribution
• Teacher contributions answer.
• <00:18:48.320> to to change how teacher contributions to to change how teacher contributions
• on contributions and on funding levels. on contributions and on funding levels.

Keywords: 958, all

Summary: The House Budget Review Subcommittee on Personnel, Public Retirement, and Finance heard testimony from Bo Barnes, deputy executive secretary and general counsel for the Teachers’ Retirement System (TRS), on the TRS budget request for the upcoming biennium and how it compares with House Bill 500 as introduced. Barnes emphasized that the bill fully funds the system’s additional funding request to pay down TRS’s legacy unfunded pension liability, which he described as critical to the system’s long-term funding plan. He also explained that the pension and health insurance requests are broken into several line items, including legacy benefit items, state shared-responsibility payments for retiree health insurance, and reconciliation items that adjust for prior over- or underpayments. Barnes said the state portion of shared responsibility for retiree health insurance was funded below the request in House Bill 500, but he described the health insurance trust as a success story under the post-2010 shared-responsibility model. He said the trust is projected to be fully funded in about two years if medical inflation and federal subsidies remain stable, and he noted that any shortfall in the current budget would be reconciled later and could reduce investment income. In response to questions, he explained that the legacy benefit items are treated as part of the total actuarially determined employer contribution and that unpaid legacy benefits would have the same impact on the retirement trust as unpaid ADC amounts. Barnes also addressed questions about whether the $47.2 million SEEK-related teacher contribution reconciliation could be split between fiscal years, saying it could be done but would reduce investment income and potentially increase future contribution needs. He said the pension fund is currently about 61% funded and that TRS has received full funding for the pension for 10 straight years, with the state having provided full additional funding and more in recent budgets. He concluded by asking the committee to consider TRS’s original budget request, warning that underfunding now would be reflected in future actuarial calculations and could cost the Commonwealth more over time.

Transcript Highlights:

• <00:14:15.480> to including money for contributions to including money for contributions to
• contribution contribution um<00:53:56.800> to<00:53:56.920> the<00:53:57.040> pension
• contribution rate? contribution rate? Great<00:54:16.880> question.
• > time employer contribution for that time employer contribution for that time um<00:56:26.800>
• direct contribution from the employee. direct contribution from the employee.

Keywords: 918, senate, all

Summary: The commission first approved the minutes and then took up several pension omnibus items. Representative Rapinski’s item, related to an I-RAP issue, was moved ahead of the agenda and passed without further information after members noted the State Board of Investment and Minnesota State had not identified additional facts; the bill, as previously amended, was recommended for inclusion in the 2026 Pension Omnibus Bill. The committee also corrected a procedural issue on Senator Gustafson’s bill, SF 3897/HF 3703, after realizing an amendment referenced earlier belonged to a different bill; the motion was restated without the amendment reference and the bill was then recommended to pass and be incorporated into the omnibus bill. The main policy discussion centered on SF 3897/HF 3703, which would change how terminating firefighter relief association plans value benefits for firefighters under age 50. Senator Gustafson said the current statute can unfairly reduce benefits by requiring present-value discounting and that the bill would instead allow benefits to be based on accrued benefit under the plan formula, while still leaving relief associations flexibility to use present value if they choose. Staff confirmed the bill applies only to relief associations under chapter 424B, not PERA or the statewide plan. Senator Rasmussen raised concerns about consistency between SVF and non-SVF reliefs and about differing treatment on termination; the bill author acknowledged the difference. The committee ultimately voted to recommend the bill for inclusion in the omnibus pension bill. The final major item was House File 4162, as amended by an A1 amendment, which requires employers of reemployed annuitants in TRA to make employer contributions during reemployment, including Minnesota State Colleges and Universities employees covered under section 354.445. Representative O’Driscoll argued the bill would direct existing education-formula pension dollars to TRA, prevent districts from using those funds elsewhere when retirees are rehired, and keep the employee neutral because the annuitant’s benefit would not change. Supporters said the measure would help pension funding and address situations where districts rehire retired teachers, often in hard-to-fill specialties. Opponents, including Senator Rasmusson, questioned the added cost to school districts, citing an estimated $5.385 million in annual TRA revenue from the change and warning it could reduce districts’ ability to hire or retain staff. After discussion, the committee had not yet taken final action on this item in the portion of the meeting provided.

Transcript Highlights:

• > are<00:18:46.480> not and if those contributions are not and if those contributions are
• maximum amount the TRS will contribute maximum amount the TRS will contribute to<00:25:02.320>
• <00:25:54.799> And maximum amount we'll contribute. And maximum amount we'll contribute.
• and that's going to be contributions and that's going to be contributions coming<00:53:46.240>
• K board select the contribution and the K board select the contribution and the monthly<00:58:06.000>

Keywords: Meeting Start: 00:00:35 Attendance Roll Call: 00:00:55 Approval of Minutes: 00:02:56 Deferred Compensation Authority Update: 00:03:12 Retiree Health Update - TRS: 00:15:58 Retiree Health Update - KPPA: 00:56:13 Adjournment: 01:08:10, 958, all

Summary: The Public Pension Oversight Board met with a quorum, approved the prior minutes, and heard updates from the Kentucky Public Employees Deferred Compensation Authority and the Teachers Retirement System. The deferred compensation update highlighted continued growth in assets to about $4.787 billion and roughly 88,000 participants, strong retention from auto-enrollment, a marketing campaign tied to pay raises that generated additional participation, and a new self-directed brokerage account expected to launch July 1 of the coming year for participants with at least a $40,000 balance, allowing up to 25% of their account to be moved into the brokerage window. The director also described the free financial planning service, which has been used by about 3,500 participants with a high return rate, and said the plan is currently in a fee holiday; if fees are charged, they are capped at $237 per year for most participants. Members asked questions about who provides the CFP service, the fee structure, and the brokerage eligibility threshold. The director said the CFP service is provided through the authority’s service bundle with Nationwide, not as a separate paid service, and explained that the fee cap and current fee holiday are intended to keep the program low-cost. Board members praised the deferred compensation program’s performance and asked for a copy of the legislation referenced in the presentation. TRS then presented on retired teachers’ health insurance. Barnes first clarified how declining federal contributions for federally funded school positions affect the retirement annuity trust, explaining that if those federal dollars fall, the amounts would need to be covered through the SEEK formula and that the projection for those contributions is about $80 million over the next three years. He then reviewed TRS retiree health coverage, distinguishing between KEHP for retirees under 65 or not Medicare-eligible and MEHP for Medicare-eligible retirees, and explained that TRS recently completed RFPs for both prescription drug and medical coverage. TRS will keep Express Scripts for prescription drugs, but will move the Medicare Advantage medical plan from UnitedHealthcare to Humana on January 1, 2026, while keeping the plan design, provider access, and out-of-pocket structure largely unchanged, with a new hearing-aid benefit of $500 per ear. Barnes also reported the 2026 premium and contribution changes: the maximum TRS contribution toward KEHP will rise to $1,144.96 from $930.76, an 18% increase that he said will require roughly $15 million to $16 million more in the state budget, while the MEHP premium will drop to $200 per month from $210. He said the TRS board has statutory authority to set these amounts and that the changes will have mixed actuarial effects, with the KEHP increase being negative overall and the MEHP decrease positive.

Transcript Highlights:

• What we're talking about is small-dollar contributions at this point, under $200.
• from a $5 or $10, $40 contribution from California or from Texas or wherever.
• from a $5 or $10 $40 contribution from a $5 or $10 $40 contribution<00:19:18.679> from<00:19:
• And if it's a contribution made in the state, we would keep the current rules.
• What they can do is say, is this a contribution made outside the state?

Keywords: 1183, house

Transcript Highlights:

• But our contributions are not limited to medicine or science or business.
• Jewish Americans have contributed to progress in nearly every field imaginable...
• Their contributions have left a lasting impact on our state and our nation.
• Their contributions have left a lasting impact on our state and our nation.
• Today we celebrate Jewish Americans' resiliency and their many contributions.

Keywords: 988, house, all

Transcript Highlights:

• Because those higher salaries mean higher contributions.
• Restoring a 2% COLA at age 65 would require an additional 1.5% contribution.
• When they reach age 65, it would be $759 million or an increased contribution of 1.53%.
• to take contributions pre-tax.
• One thing that is routinely brought up is required contributions.

Transcript Highlights:

• it keeps those corporate contributions in an account separate from its contributions from individuals
• It operates in multiple states and uses the corporate contributions.
• In states where corporate contributions are permissible to make direct, to make, uh, direct contributions
• means that it cannot make contributions to Texas candidates.
• Given the amount of contributions remaining reported on every report, the numbers of contributions in

Transcript Highlights:

• They contributing to the pension fund.
• <00:17:51.400> of<00:17:51.560> 9.81% contributions of 9.81% contributions of 9.81% would
• So, I think contributions for.
• payroll contributions are made. payroll contributions are made.
• contribution increase. contribution increase.

Keywords: 918, senate, all

Summary: The commission approved the March 17 minutes and then heard testimony on Senate File 4419 / House File 4069, as amended, which would exempt J-1 visa-holding teachers and their school districts from Teachers Retirement Association contribution requirements during the teachers’ exchange term. Senator Pappas and Representative Feist said the bill is intended to help districts fill hard-to-staff special education and other positions by letting J-1 teachers keep more of their pay for immediate relocation costs, while also redirecting employer savings toward onboarding, mentorship, and cultural orientation. They argued the teachers are temporary by design, often cannot stay long enough to benefit from TRA, and that the bill would be roughly neutral for TRA because contributions and matching liability would both be removed. Supportive testimony came from Matthew Connelly of Lattice Global Teachers and Melissa Schaller of Intermediate School District 917. Connelly said J-1 teachers arrive with significant upfront expenses and only a short window to establish themselves, and that the exemption could save them about $4,000 to $5,000 while helping schools afford recruitment and support costs. Schaller said her district has relied on international special education teachers to fill vacancies, that the H-1B option is no longer workable because of a large fee increase, and that J-1 hiring is needed to remain competitive; she noted 17 open special education positions for 2026-27 and no other applicants. Caitlin Snyder of Education Minnesota opposed the bill, arguing it lowers compensation and removes a retirement option without enough input from teachers themselves. She said the bill does not ensure the employer savings would be used for housing or other supports, and urged more direct consultation with J-1 teachers. Several members raised concerns about fairness, pension protection, and whether the bill could create unintended consequences for teachers who later remain in Minnesota. Senator Pappas responded that the circumstances are unusual because J-1 teachers are temporary and often cannot return, and said TRA had indicated the proposal would be neutral or supportive, unlike a separate St. Paul teachers issue. Representative O’Driscoll asked about J-1 teachers in higher education and private schools, and Mr. Connelly said the visa is mainly used in K-12 settings but can also appear in charter and private schools; he also noted many J-1 holders face a two-year home-residence requirement. The chair indicated the bill was slated for inclusion in the omnibus pension bill, but no final vote on the bill itself was taken in the portion of the meeting provided.

Transcript Highlights:

• 00:16:00.720> the help positively contribute to the help positively contribute to the financial
• <00:41:45.200> And actual determined contribution. And actual determined contribution.
• contribution recommending this defined contribution hybrid<01:00:18.319> plan<01:00:18.559>
• > vested<01:00:29.839> and DC contributions are 100% vested and DC contributions are 100%
• <01:02:48.000> 9% contributing 9% contributing 9% of<01:02:49.760> my<01:02:50.480>

Keywords: Finance - Room 216, 20 January, 2026; 10:30 AM, 925, all

Summary: The committee heard an update from PERS Executive Director Higgins, who reported that the system has about $38 billion in assets, earned roughly 11.7% last fiscal year, and is about 57% funded. He thanked lawmakers for a newly passed $1 billion funding bill and emphasized that funding the existing system remains the top priority. Higgins also noted that the board’s actuarially recommended contribution is about 26% of payroll, while the system is currently receiving about 18.4%, and said PERS will return later in session with a few requested bills. Higgins addressed several policy topics under discussion this session, including return-to-work rules, first responders, and Tier 5. He said return-to-work changes are possible if the law is changed and funding implications are addressed. For first responders, he said any special treatment should be done within PERS rather than by creating a separate system, with the affected group and parameters clearly defined and fully funded. He also said the new Tier 5 hybrid plan is being implemented on track for March 1 and is projected to improve the system’s long-term financial position by reducing future liabilities and helping pay down the unfunded liability. Members then questioned Higgins about the system’s funding policy, the 30-year closed amortization period used in the ADC calculation, and whether that approach should be revisited in light of recent funding actions and changes in assumptions. Higgins said the board reviews the policy annually, that the closed amortization approach was chosen to better pay down the unfunded liability, and that the annual valuation and experience studies already incorporate recent funding changes, Tier 5, and the phased employer-rate increases. He acknowledged that a significant new infusion of funding could justify reviewing the amortization period, but cautioned against changing it too often because it could undermine progress toward paying down the unfunded liability.

Transcript Highlights:

• We appreciate their expertise and contributions to the people of the great state of California.
• The contributions of our immigrant communities enrich our state.
• The contributions of our immigrant communities enrich our state.
• But for too long, their contributions have been deliberately erased.
• It is a history that all of us... ...of transgender leadership and contributions.

Summary: The Assembly met on July 17, 2025, after a quorum call and prayer, then moved through a long ceremonial and floor session. The chamber recognized the 2025 Science and Technology Policy Fellows, the 2024-25 Jesse Marvin Unruh Assembly Fellows, and the 2025 Assembly Fellows, and also heard guest introductions honoring Brad Webb of Legislative Counsel, youth advocates supporting AB 1231, the Live Oak Lady Lions softball team, the new UC President J.B. Milliken, the Rohnert Park 11-and-under Cal Ripken All-Star team, and arts leaders from Auburn. The Assembly also took up several procedural motions, including removing some bills from the consent calendar and noting absences. On the floor, members adopted ACR 12 designating November 1 as Fernando Valenzuela Day, with broad support and 66 co-authors, and later adopted H.R. 56 recognizing August 2025 as Chicano Heritage Month, with 65 co-authors. The Assembly also adopted ACR 101 naming a portion of State Highway Route 46 the James Dean Memorial Highway, and H.R. 50 proclaiming November 25, 2025, as Elimination of Violence Against Women Day, with members emphasizing survivor support and prevention. In each case, authors and supporters highlighted the cultural, historical, or public-safety significance of the measures. The chamber also concurred in Senate amendments on several bills, including AB 359 on the Political Reform Act, AB 594 on student health insurance protections, AB 1085 banning license plate obstruction devices and penalizing sellers, AB 1286 on public employment transparency, and AB 1505, the Agriculture Committee omnibus bill. AJR 14, urging federal attention to the impact of tariffs on California ports, passed 44-1 after debate over trade policy and port jobs. AJR 17, calling for modernization of immigration law and a pathway to lawful status for long-term undocumented residents, passed 47-7 after extensive debate focused on immigrant families, the economy, and federal enforcement actions. The Assembly also adopted the resolutions by voice vote where required and recorded the roll-call results for the joint resolutions.

Transcript Highlights:

• <00:02:36.440> money be able to contribute money be able to contribute money to<00:02:38.160
• House Bill 1832, Humphreys County, authorizing the contribution of a one-time contribution of 25,000
• authorizing the contribution authorizing the contribution of<00:05:16.200> a<00:05:16.240
• c><00:05:18.200> to of a one-time contribution of 25,000 to of a one-time contribution of 25,000
• This is a contribution of funds involving the Benevolent Protection of the Elks World Hill Lodge.

Keywords: Local and Private - Room 210, 24 March, 2026; 10:45 AM, 925, all

Summary: The committee took up a long list of local and special-purpose bills, mostly involving county or municipal utility districts, repealers on local taxes, and small local appropriations. Early actions included House Bill 2210 for Bolivar County, creating a utility district in Choctaw for sewer operations and maintenance, and Senate Bill 3408, which by committee substitute renamed the Yazoo economic partnership to the Yazoo Economic Alliance and clarified its economic and industrial development powers. Members asked whether the Yazoo entity already existed and whether it could own property; the sponsor said it was already in statute and the change was primarily a name update with added flexibility to share and contribute funds to projects. Both bills passed without opposition. The committee also approved Senate Bill 3409 for Lowndes County, authorizing the Mississippi Industrial Fire and Rescue District to serve as the site of a megasite around the Golden Triangle Regional Airport Authority. Other local measures passed included House Bill 1599 extending Brandon’s prepared-food sales tax repealer for tourism and parks, House Bill 1811 for Noxubee County extending justice court assessment repealers for county capital improvements, and several Humphreys County bills authorizing one-time contributions to the Fannie Lou Hamer Cancer Foundation and the Belzoni Humphreys Development Foundation. Additional bills extended or renewed local tourism, parks, and recreation taxes in Belzoni, Oakland, Ripley, Southaven, and Fulton, and authorized or extended local court-cost assessments in Prentiss County. Later, the committee approved House Bill 1870 for Bolivar County, creating a sewer district and allowing the county to operate it, noting it duplicated the earlier Senate bill at the senator’s request. It also passed House Bill 1887 authorizing a $5,000 contribution to the Benevolent Protection of the Elks World Hill Lodge, House Bill 4000 for Grenada allowing construction, acquisition, and maintenance of wastewater collection and treatment systems, and House Bill 4112 for Tupelo restoring funds for the Northeast Mississippi Regional Wastewater District after an unintended consequence of a prior grocery tax change. Finally, Senate Bill 3410 was added off-agenda to authorize Brandon and the West Rankin utility system to enter into an agreement with a local operator for use of treated water for industrial purposes; a member asked who would approve the contract, and the sponsor said the board and city would approve it. All measures discussed were reported out or passed, generally by unanimous or voice vote, with no recorded opposition.

Transcript Highlights:

• Then you have the employee contribution out of all of these.
• , which is 3.75%; the school district contribution of 3%; the state contribution of 7.5%; and the amount
• Representative Tipton continued that the employee contribution of 3.75% would continue to go into the
• <00:08:23.680> contribution 3.75% the school district contribution 3.75% the school district
• <00:08:44.959> of deals with the employer contribution of deals with the employer contribution

Keywords: Meeting Start: 00:17 Attendance Roll Call: 00:41 Approval of Minutes: 02:40 HB 694: 03:16 SB 183: 18:32 Discussion on PPOB Membership: 36:10 Adjournment: 42:35, 958, all

Summary: The committee first approved the minutes from its January 27 meeting and then took up House Bill 694, which would create a default rule for the Teachers’ Retirement System health insurance trust fund once it reaches 100% funding, currently anticipated around 2027. The bill would redirect two funding streams now going to the health trust—state payments on behalf of local districts and other employer contributions—into TRS pension benefits if the health fund reaches and maintains full funding. The sponsor said this would add about $154 million annually to TRS pensions and would only serve as a default if no other plan is adopted later. Members asked whether the bill would shift the unfunded liability to teachers or affect employee contributions. The sponsor and staff said it would not shift liability to teachers and would not change the employee contribution; only the employer-side payments would be redirected. Several members asked about the meaning of actuarial 100% funding, whether the fund could fall back below 100%, and whether employee contributions might be reduced in the future. The sponsor said the bill is based on actuarial projections, would revert the money back to the health trust if funding fell below 100%, and does not prevent future legislative or board action. Senator Higdon and others spoke in support of discussing the issue, noting the 2010 shared-responsibility changes and the need for a default approach as full funding is reached. The committee then heard Senate Bill 183, which would amend Kentucky law governing proxy advisers used by retirement systems. The sponsor said the bill would require proxy advisers, when handling shareholder-sponsored proposals, to act solely in the interest of retirement system members and beneficiaries and to provide an economic analysis when voting against a company board’s recommendation. He argued the measure is aimed at proxy advisers such as ISS and Glass Lewis, which he said often advance ESG-related proposals not tied to shareholder value. A guest from APCIA said the bill is meant to distinguish proxy advisers from investment managers and to strengthen the 2023 law by requiring a clearer economic justification for votes that depart from board recommendations. Members asked how proxy advisers differ from other financial advisers, whether Kentucky uses them, and whether the bill would prevent pension funds from investing in companies with ESG factors if those investments are profitable. The sponsor and guest said the bill would not bar such investments; it is intended to regulate proxy voting recommendations, not investment decisions. They described the bill as a proactive measure to reinforce fiduciary responsibility and limit outside proxy influence on pension voting. No final vote on either bill was taken in the portion of the meeting provided.

Transcript Highlights:

• <00:20:16.000> for uh which charitable contributions for uh which charitable contributions
• deduction for charitable contributions deduction for charitable contributions made<00:27:21.840>
• <00:41:32.800> HR1 Uh, for charitable contributions, HR1 Uh, for charitable contributions, HR1
• all contributions which means all contributions<00:41:49.280> are<00:41:49.520> reduced
• $4,000 some of charitable contributions. $4,000 some of charitable contributions.

Keywords: 1187, senate, all

Transcript Highlights:

• or student contribution beginning in fiscal 26.
• or student contribution beginning in fiscal 26.
• or student contribution beginning in fiscal 26.
• or student contribution beginning in fiscal 26.
• uh contribution or student contribution uh contribution or student contribution uh beginning<

Keywords: 1187, senate, all

Transcript Highlights:

• contribution increase of 2.7%. contribution increase of 2.7%.
• I don't know how many years that box went on where there were not contributions, contributions, contributions
• So, from the contribution side, that's the legacy where we see a higher contribution rate from St.
• So, from the contribution side, that's the legacy where we see a higher contribution rate from St.
• contribution. Is that correct? contribution. Is that correct?

Keywords: 918, senate, all

Summary: The committee first approved the April 14, 2026 meeting minutes without objection. It then took up Senate File 4860 / House File 4812, the St. Paul Teachers Retirement Fund Association bill, which would reduce the employee contribution rate for coordinated members from 9% to 8% starting after June 30, 2026, raise the retiree COLA from 1% to 1.5% beginning January 1, 2027, and increase the state-funded employer contribution by 2.7%. Staff said the bill’s cost is just over $12 million per year over 15 years. Representative Lilly said the bill was intended to bring parity to St. Paul teachers after prior work in this area left some behind. Several St. Paul teachers testified in support, describing financial strain, burnout, and the difficulty of balancing teaching with family responsibilities. Hannah Geimer said the 1% contribution change would make a meaningful difference in her budget as a single parent. Eric Erickson said he and his wife have spent decades working extra hours and coaching, and argued that St. Paul educators pay more and receive less in retirement than other teachers. Arzoo Faroozan Yazdani, a Central High teacher, said the higher contribution rate and lower COLA make it hard to stay in the district and raise a family. Lisa Hodek said teachers are undercompensated for the demands of the job and that the pension disparity has created frustration and a sense of betrayal. Phil Tensic, the SPTRFA director, summarized the request as seeking an 8% contribution and 1.5% COLA to match TRA, and noted that the plan’s members are spread across legislative districts, not just in St. Paul. Members discussed the history behind the pension disparity. Senator Nelson questioned whether “parity” was the right term given the plan’s funding problems and the legacy of the “big red box,” referring to past underfunding. Tensic and Senator Pappas explained that the state had previously allowed St. Paul schools not to contribute for a period of years, that supplemental district and state aid began in 2018, and that the plan is projected to be amortized by 2039 and must be paid off by 2048. Members also noted that the bill and related pension proposals depend on available funding; Representative O’Driscoll and others said no final financing agreement had been reached, though leadership was continuing discussions. The committee received letters of support from Education Minnesota, the St. Paul Federation of Educators, and 40 individual supporters. No final vote on the bill was taken in the portion of the meeting provided.

Transcript Highlights:

• considered a contribution.
• considered a contribution.
• considered a contribution.
• within<00:37:23.920> 30 contributions not returned within 30 contributions not returned within
• received $8,000 in cash contributions received $8,000 in cash contributions and<00:40:55.599>

Keywords: Elections - Room 210; 29 January, 2026: 2:30 PM, 925, all

Summary: The committee first took up Senate Bill 250, which would require disclosures for political advertisements that are generated in whole or in part by artificial intelligence. Senator Blackman explained that the bill applies to video, image, and audio ads, with specific disclaimer requirements and exemptions for bona fide news coverage, documentaries, and certain distributors that require AI disclosure from submitters. Members asked about the bill’s scope, including that it would not cover written mailers. After discussion, the committee adopted a motion for title sufficient and do pass, and the bill was reported out. The committee then considered Senate Bill 2386, which would prohibit political candidates from using grand jury or jury proceedings as a captive audience for campaign activity. Senator Tate said the measure had been passed before and was intended to prevent politicizing trials. With no questions, the committee again voted title sufficient and do pass, and the bill was reported out. The committee also heard Senate Bill 2096 from the Secretary of State’s office, a technical elections bill establishing minimum cybersecurity standards for access to SIMS by election officials and clerks; counties would have to pass an assessment or use election support funds to fix deficiencies. That bill was likewise reported out on a title sufficient, do pass motion. Next, the committee took up Senate Bill 2588, the Shield Act, which would require citizenship verification through the federal SAVE system for certain driver’s license or ID applicants who identify as noncitizens or do not provide verifiable information, and would also run the voter rolls through SAVE annually. Supporters said it would strengthen election integrity and add confidence that voters are citizens, while Senator Blunt argued the bill could lead to unnecessary purges based on database mismatches and that existing systems already address the issue. The Secretary of State’s office said SAVE is used with safeguards, does not automatically remove voters, and that voters flagged in error can provide proof and remain eligible. Despite the debate, the committee voted title sufficient and do pass committee substitute, and the bill was reported out. Finally, the chairman began explaining Senate Bill 2558, a comprehensive campaign finance reform bill. He described provisions requiring candidates and committees to file statements of organization before accepting contributions or making expenditures, defining corporate contributions and coordinated expenditures, separating candidate committees from PACs, requiring more detailed reporting and electronic filing, setting rules for termination reports and anonymous contributions, and imposing tiered fines for violations. The transcript cuts off before the committee finished its discussion or took final action on that bill.

Transcript Highlights:

• not even having an actuary annually calculate their contributions.
• <00:30:04.360> and actually recommended contributions and actually recommended contributions
• <00:30:09.600> they're calculate their contributions they're calculate their contributions
• Current contributions are expected to be $470 million for FY 2024.
• <01:41:10.920> and adequacy of contributions and adequacy of contributions and required<01

Keywords: 1191, senate, all

Transcript Highlights:

• rates that have been coming contribution rates that have been coming into<00:07:20.479> play<
• It's getting more money in just from employer contributions than it's paying out.
• It's getting more money in just from employer contributions than it's paying out.
• It requires additional contributions over the course of time.
• > over requires additional contributions over requires additional contributions over the<00:26

Keywords: Meeting Start: 00:00 Attendance Roll Call: 01:02 Approval of Minutes: 02:03 Annual Investment Review: 04:10 Adjournment: 37:34, 958, all

Summary: The committee met with a quorum, approved the prior meeting minutes, welcomed new staff member Sean Parks, and announced that it would not meet in November. The next meeting was scheduled for December 8 at 10:00 a.m., with the chair noting that pension bills would be heard then and emphasizing that all pension bills must go through the full process and include actuarial analysis. Brad Gross of the Public Pension Oversight Board presented a detailed review of Kentucky retirement systems’ investments and funding. He said fiscal year 2025 ended with about $50.5 billion in pension assets and $12.52 billion in retiree health assets, both up from the prior year. He reported strong investment performance across the systems, with all Kentucky public pension funds exceeding their policy benchmarks and the median peer return of 10.4%. He also discussed long-term return trends, asset allocation differences among the systems, fee levels, and cash flow, noting that cash flow remains a key monitoring issue and that supplemental appropriations have improved the cash position of some funds, especially the Kentucky State Police and TRS systems. Gross also explained that assumed rates of return have generally fallen over time, which increases unfunded liabilities and required contributions, and said the systems’ current assumptions range from 5.25% to 7.1%. He noted that the committee’s materials included peer comparisons and historical charts, and that all asset classes were within target ranges. In response to a question from Senator Funky From, Gross was asked about pension spiking and whether supplemental general fund contributions could create a false sense of security in cash flow analysis; the question was raised but not resolved in the portion of the transcript provided.

Transcript Highlights:

• I now contribute to the Texas economy as a small business owner.
• They are already contributing, already dreaming of giving more.
• We're defined by our character and our contributions.
• Hard work, education, and contribution.
• They contribute to our economy not as a drain, but as an engine of growth.

Summary: The committee heard several education bills, with most of the discussion focused on Senate Bill 1835, Senate Bill 784, Senate Bill 1049, Senate Bill 2942, and Senate Bill 2928. SB 1835 would raise from 5% to 20% the cap on nonresident students who can receive resident tuition and fees through competitive scholarships at certain regional universities in slower-growing workforce development areas, provided the schools have capacity as determined by the Texas Higher Education Coordinating Board. Supporters, including West Texas A&M University, said the bill would help fill underused capacity, attract students who may stay and work in Texas, and support regional workforce needs. SB 784 would strengthen a prior law allowing peace officers’ children to transfer between public school districts for safety reasons by requiring both districts’ approval, making clear that districts of innovation are not exempt, and prohibiting tuition charges. SB 1049 would require districts and open-enrollment charters to excuse students, at a parent’s request, for religious release-time instruction for up to one hour per day and five hours per week; witnesses said the program is constitutional, voluntary, and already operating in other states and some Texas districts. Each of these bills was left pending after testimony, with no public witnesses opposing them. SB 2942 would expand and adjust the state’s adult charter high school pilot program. Senator Creighton said the bill is intended to help the estimated 7 million Texas adults without a high school diploma by removing barriers to expansion, aligning legal protections with ISDs, changing TEA’s disapproval window for expansion amendments to a 30-day period after receipt, and updating funding to reflect part-year attendance. A committee substitute kept the upper enrollment age at 50 and removed a proposed testing change. Testimony from New Heights students and leadership described the program as life-changing, emphasizing that it combines diplomas with career credentials, childcare, transportation, and other supports to help adults stabilize their families and enter better-paying work. TEA witnesses explained the expansion process and said adult charter schools are overseen by the commissioner rather than the SBOE. The committee substitute was adopted, public testimony closed, and the bill was left pending. SB 2928 would set a uniform school start date for public school districts at the third Wednesday in August, while preserving existing district-of-innovation flexibility for current DOI districts and allowing year-round systems to continue. Senator Creighton argued the bill would reduce the patchwork created by DOI exemptions, support students and families, and preserve summer employment and tourism revenue. A committee substitute was adopted. Testimony came largely from tourism, hospitality, and recreation interests, including hotel, water park, zoo, chamber of commerce, and camp representatives, who said later start dates would extend the summer travel season, improve staffing and revenue, and give students more opportunities for summer jobs and camps. Several witnesses cited large economic impacts from tourism and said early school starts reduce August business. Some senators raised concerns about charter schools being excluded and about year-round calendars, but the bill was left pending after testimony.