Transcript Highlights:

• Inflation has eroded the real value of compensation over time. This bill corrects that.
• The real value of compensation over time.
• Attorneys serving sheriffs and law enforcement agents across Missouri are often compensated at higher

Summary: The committee met without a quorum at first, but proceeded with public hearings on two Senate bills. Senate Bill 944, sponsored by Sen. Carla May, would update the statutory salary range for the City of St. Louis sheriff’s attorney, which she said has been unchanged since 1990 and no longer reflects inflation, modern legal demands, or comparable compensation in other jurisdictions. Rep. Fuchs offered supportive remarks, and there was no opposition or informational testimony. No vote was taken on SB 944 during the hearing. The committee then heard Senate Bill 1012, sponsored by Sen. Nicola, a broad artificial intelligence bill intended to clarify that AI is not a legal person, that humans remain responsible for AI-assisted decisions, and that licensed professionals must retain independent judgment. The bill also addressed companion chatbots, election-related AI disclosures, and other consumer protections. Supporters of the bill’s general accountability approach were not present in testimony, but opponents from Americans for Prosperity and the Missouri Chamber of Commerce and Industry argued the bill was overly broad, could chill innovation, and contained numerous drafting and cross-reference errors, including unused definitions and inconsistent metadata requirements. Members questioned how liability would apply to end users and noted the need for clearer drafting. After public testimony, the committee moved into executive session on SB 1012. A motion was made for do pass, but the roll call resulted in zero ayes and 11 noes, and the bill was voted failed. The meeting then adjourned.

Transcript Highlights:

• <01:46:03.599> for so there wouldn't be compensation for so there wouldn't be compensation
• <02:03:15.599> for distributed utilities compensation for distributed utilities compensation
• It also related to compensation for distributed energy resources, I believe.
• tariffs and the uh compensation tariffs and the uh compensation basically<04:35:25.879> for
• it also related to compensation it also related to compensation for<04:36:52.080> distributed

Keywords: 1189, house, all

Transcript Highlights:

• So with a fully loaded compensation at where the bill is at right now, that teacher total compensation
• It's compensated.
• So the employee compensation is 109,381.
• <02:33:49.359> package compensation package compensation package also<02:33:51.680> added
• So the full employee compensation package is there.

Keywords: 916, all

Transcript Highlights:

• Is there extra compensation for being the dual credit?
• for— Providing ongoing engagement, support, compensation for the educator.
• It is the teacher compensation report, I believe, or the employee compensation report.
• Employee compensation report. Perfect.
• Here I will be providing some information on the Employee Compensation Report.

Summary: The committee met to hear presentations on dual credit programs from North Dakota higher education leaders, a school superintendent, and teachers. Valley City State University described its dual credit model, emphasizing quality control through annual teacher training, syllabus and outcomes alignment, faculty qualification review, school visits, and pathways aimed at the College Studies Certificate. Members asked about teacher employment, course scheduling, revenue, scholarships, and whether a centralized model might improve efficiency; VCSU said most instructors are K-12 employees, online offerings are still small, and centralization could weaken local relationships and choice. Lake Region State College similarly stressed access and partnerships, noting about half of its headcount is still in high school, with both online and face-to-face dual credit options, district reimbursement arrangements, and support for rural schools. Lake Region also said dual credit helps students who might not otherwise see themselves as college-bound, but reduced tuition can still be a barrier for some families. Fargo Public Schools reported continued growth in dual credit, with 50 courses offered in partnership with several NDUS institutions and a 12.61% increase in participation. The superintendent highlighted a growing education pathway, including students completing Introduction to Education and field experience, and said the district is exploring a grow-your-own teacher pipeline. He also raised concerns about inconsistent institutional processes, teacher credentialing requirements, and transfer clarity, arguing for more aligned statewide systems. In response to questions, he said AP and dual credit can coexist, with AP often better for highly selective out-of-state colleges and dual credit better for students targeting North Dakota institutions, and he described some use of Arizona State online courses in earlier rural partnerships but said Fargo is focused on local institutions. Two teachers then testified on the classroom perspective. A West Fargo anatomy and physiology teacher said dual credit has expanded access, lowered costs, and prepared students well, but agreed that foundational science courses may be more effective when taken later in high school to reduce knowledge loss before college. A Drake-Anamoose English teacher, who has taught dual credit for more than 20 years, said the program has supported many students who went on to a wide range of careers and emphasized that small rural schools rely on dual credit to provide opportunities they otherwise could not offer. No formal votes or actions were taken in the portion of the meeting provided.

Transcript Highlights:

• Why is the variation in the compensation? What is the role of an education consultant number three?
• um if they all do the same compensation um if they all do the same role<00:46:22.119> why<00:
• what is the role of in the compensation what is the role of an<00:46:32.440> education<00:46:
• looking at the Staffing and Compensation looking at the Staffing and Compensation Plan<00:46:52.240
• and and the accompanying compensation and and the determination<00:47:50.160> of<00:47:50.359

Keywords: 1183, house

Transcript Highlights:

• Instead, it puts in place reasonable caps on consultant compensation and requires full transparency so
• However, we believe that prospective regulation of them, particularly when it comes to consultant compensation
• , the total amount and the length of time that they can be compensated on that, deserve some reasonable
• However, we believe that prospective regulation of them, particularly when it comes to consultant compensation
• , the total amount and the length of time that they can be compensated on that, deserve some reasonable

Keywords: 987, senate, all

Transcript Highlights:

• House Bill 26, an act relating to workers compensation for first responders. Representative Burke.
• House Bill 26, an act relating to workers compensation for first responders. Representative Burke.
• > House Bill 26, an act relating to House Bill 26, an act relating to workers<00:30:16.880> compensation
• <00:30:17.360> for<00:30:17.600> first workers compensation for first workers compensation

Keywords: Convene 00:00 Motions, Petitions, and Communications 04:28 Election and Swearing In of Constitutional Officers 04:35 Introduction of New Bills and Resolutions 06:51 HR 1 08:08 HR 2 08:40 HR 3 17:11 Impeachment Petitions reported 18:33 Introduction of New Bills and Resolutions 20:27 Stand at Ease 20:54 Introduction of New Bills and Resolutions 28:30 Adjournment 33:05, 958, all

Summary: The Kentucky House convened for the opening of the 2026 regular session, with prayer, the Pledge of Allegiance, roll call, and a declared quorum of 100 members present. The House then excused absent members and suspended the rules to allow co-sponsorships and vote modifications to be filed. It also elected House staff constitutional officers by acclamation, including the chief clerk, deputy clerk, sergeant at arms, chief doorkeeper, enrolling clerk, cloakroom keeper, and janitor, followed by the oath of office. Members introduced and adopted House Resolutions 1, 2, and 3. House Resolution 1 established the 2026 House membership. House Resolution 2 adopted the House rules for the session, with changes reflecting the new temporary building, removal of COVID-related provisions, elimination of remote and alternative voting, shortening motions/petitions/communications time from 30 to 15 minutes, deleting guest introductions and gallery references, requiring only one signed jacketed bill copy, clarifying billbook co-sponsorship procedures, deleting consent orders and pairing rules, and updating chamber-access and lobbying restrictions. Some members objected that the changes reduced transparency and public access, and one member asked that the 15-minute limit be kept at 30 minutes, but the resolution was adopted. House Resolution 3 invited pastors of Frankfurt churches to open sessions with prayer; one member asked that it be broadened to include people of all faiths and beyond Franklin County, but it was also adopted. The House then reported interim communications, including citizen impeachment petitions filed against Supreme Court Justice Pamela Goodwine and Ballard County Jailer Eric Cppus. Members were reminded of a mandatory ethics meeting the next day. The clerk reported the first batch of filed bills and resolutions, including House Bill 11 on independent school districts and House Bills 12 through 34 on topics such as legislative privacy, income tax, rural hospital funding, Medicaid and Medicaid expansion, school employee payments, firearms, reproductive health and privacy, employment schedules, cancer treatment coverage, workers’ compensation for first responders, savings accounts, education opportunity accounts, leave from employment, criminal procedure, home purchases, FNF devices, data privacy, and death benefits, along with House Resolutions 4 through 6. The House then adjourned until 2 p.m. on January 7, 2026.

Transcript Highlights:

• 174.021 to provide that city charters and collective bargaining agreements can alter the statute's compensation
• conversations between the ESD and the city of Conroe because we're talking about Conroe about compensating
• Did anybody pick up the phone and say, ‘Hey, why don't you all compensate us for this service?’
• conversations between the ESD and the city of Conroe because we're talking about Conroe about compensating
• Did anybody pick up the phone and say, hey, why don't you all compensate us for this service?

Bills: SB208, SB628, SB777, SB1042, SB2354, SB2477, SB2521, SB2523, SB2608, SB2703, SB2778, SB2835, SB2965, SB2367, SB3044

Keywords: workforce housing, capital investment fund, affordable housing, housing development, Texas housing laws, loan programs, community development, Texas housing, zero-interest loans, low-income housing, nonprofit organizations, construction, economic stability, housing affordability, capital investment, Texas housing policy, county fire code, fire marshal, local government code, interlocal agreement

Summary: The Senate Committee on Local Government considered and voted on several bills, adopting committee substitutes on Senate Bills 1237, 1708, 1844, 1454, 2520, and 2541. In each case, the committee substitute was explained as narrowing or clarifying the filed bill, and the committee voted to report the substitute version to the full Senate, usually with a recommendation that the filed bill not pass. The committee also recommended each of those measures for the local and uncontested calendar. SB 1237 concerned property tax exemption eligibility for charitable organizations; SB 1844 addressed annexation and disannexation limits tied to city services; SB 1454 clarified housing authority tax exemptions and agreements with districts; SB 2520 dealt with a school district tax ceiling comparison; and SB 2541 reduced the unused increment period from three years to two years. The committee then heard extensive testimony on SB 2354, which would allow developers to hire qualified third-party professionals for plat review, permit review, and inspections if local governments are delayed. Supporters included affordable housing providers, builders, Pew Charitable Trusts, housing advocates, and legal groups, who said the bill would reduce permitting delays, lower costs, and help housing production. A Corpus Christi representative testified as neutral, asking for amendments to preserve city final inspection authority, document sharing, and floodplain enforcement. Urban counties opposed the bill as written, arguing it removed too much local oversight, though they acknowledged work on a committee substitute. SB 2354 was left pending. The committee also heard SB 2703, which would clarify that condominiums are not subdivisions for local platting purposes. Builders and a land use attorney supported the bill, saying it would reduce confusion and duplicative regulation; the bill was left pending. SB 777, dealing with firefighter collective bargaining and impasse procedures, drew support from Austin and Texarkana firefighter representatives and the City of Austin, who said the committee substitute reflected stakeholder agreement and preserved voter-approved local procedures; it was left pending. SB 2965, concerning annexation and emergency service district response obligations, drew support from ESD and fire association witnesses who said it would prevent service gaps after annexation, and opposition from local officials who argued it gave unelected ESD boards too much power and lacked neutral review; it was also left pending. The committee then recessed subject to call of the chair.

Transcript Highlights:

• There are ways that we determine what fair market value standards are for the compensation for physicians
• databases, which the Office of the Inspector General accepts to determine fair market value of compensation
• So the compensation is. is really not a factor any longer.
• because of the way fair market value is determined, in part because of supply and demand, the compensation
• institutions, are seeking the appropriation of an increased amount over the current appropriation to compensate

Bills: HB42, HB 125, HB 1233, HB2853, HB3148, HB3326, HB3701, HB4066, HB4361, HB4762, HB4909, HB4912, HB42, HB125

Keywords: higher education, funding, financial allocation, state budget, Texas A&M University, University of Houston, education funding, medical education, osteopathic medicine, healthcare workforce, Tarleton State University, industry-recognized credentials, workforce development, career opportunities, feasibility study, student fees, university funding, student union, education, UT El Paso

Transcript Highlights:

• These objectives, if allow the deal to receive compensation that can be passed onto the consumer.
• It limits had provides limits on compensation in terms of engagement, specifically prohibiting referrals
• , the compensation for services.
• It ensures that if a veteran passes away their compensation to an organization supporting them in their
• We want to make sure that we can compensate them provide benefits commensurate with their service to

Keywords: 999, senate, all

Transcript Highlights:

• of basic allotments increase in the foundational school program required to be used for provide compensation
• HB 4013 by plus relating to the compensation of the board of directors for certain appraisal district
• HB 4048 by Gonzalez of El Paso relating to the compensation leave and fitness, physical fitness programs
• H. 40 to 80 by the suit relating to the compensation of district judge and the associated retirement
• Howard relating to the payment of an award for certain healthcare expenses under the Crime Victims Compensation

Transcript Highlights:

• companies have no way of delivering for a price and often for a cut of their back pay and the compensations
• Compensation that these veterans deserve and earned and should get fully.
• 3a, paragraph B, down at the bottom of page 2 of the bill: a person who refers In exchange for compensation
• If a veteran decides not to compensate us for the work that we've done, We simply archive their file,
• The purpose of veteran disability compensation is to help veterans with their lives through the sacrifices

Transcript Highlights:

• compensation excluded from their federal income tax revenue to their Colorado taxable income beginning
• <07:49:39.840> in amount of any overtime compensation in amount of any overtime compensation
• This repeals that state<07:49:50.000> overtime<07:49:50.478> compensation<07:49:51.520>
• income<07:49:51.920> tax state overtime compensation income tax state overtime compensation
• I mean, this bill forces taxpayers to add back overtime compensation excluded from the federal gross

Keywords: 981, all

Transcript Highlights:

• Madam Vice Chair and members, this is House Bill 819 by Chairman Cruz, relative to workers' compensation
• , to revise the workers' compensation medical treatment schedule, to provide the procedure for promulgating
• , to revise the definition, and to provide for related matters. ...schedule under workers' compensation
• Assistant Secretary for the Workers' Compensation Section in the Louisiana Workforce...
• As noted in the Texas workers' compensation case documents, some medical procedures like neurotomies

Summary: The House Labor and Industrial Relations Committee met on May 7, 2026, and first deferred several measures, including House Bill 460, Senate Bill 322, Senate Bill 32, Senate Bill 22, and House Bill 561. The committee then took up House Bill 819 by Chairman Cruz, which would replace Louisiana’s current workers’ compensation medical treatment schedule with the Official Disability Guidelines (ODG) by MCG as the primary guideline, while keeping the existing variance and appeal process. Cruz and MCG representative Troy Prevo argued that ODG is more comprehensive, updated more frequently, and used in many states, and said it could reduce delays, disability duration, and costs. Dr. Jason Picard, the state medical director, testified that Louisiana already uses ODG as a secondary reference in many cases because the state schedule lacks coverage for some body parts and treatments, and said the bill would not otherwise change the appeals process or care delivery. Committee members focused heavily on whether the bill would delay care or improve it. Several members questioned the private-company nature of ODG, the $400 annual subscription cost, and whether Louisiana doctors would be forced to rely on an out-of-state guideline. Rep. Glorioso and others raised concerns about preauthorization delays and proposed amendments to create tacit approval when treatment follows the schedule, require payment within 30 days, and make the carrier prove by clear and convincing evidence that care was not medically necessary to challenge it. Chairman Cruz said he was willing to work with those ideas, and the committee also discussed adding an on-ramp or legacy language so current patients would not be disrupted. Opposition testimony came from injured-worker advocates and representatives of medical and labor groups, including Joseph Jola St. and Robin Krumholt. They argued that Louisiana’s current guidelines are already working, that rates have fallen over time, and that the real problem is delay in approval rather than the content of the schedule. They said ODG is overly rigid, cost-driven, and can lead to denials that shift costs to workers, Medicaid, or private health insurance. They urged the committee to keep Louisiana’s existing system and instead adopt tacit approval under current law. The bill was still under discussion at the close of the transcript, with amendments being read and no final vote shown.

Transcript Highlights:

• Lump-sum payments, especially from the patient compensation fund, are harmful for patients in the long
• Another way to reform medical malpractice is to prevent lump-sum payments from the patient compensation
• So prior to 2021, under the Medical Malpractice Act, there was a provision in the patient compensation
• After 2021, after the legislative changes, lots of money can be paid out of the patient compensation
• So for me, if we care about patients, We should go back to something like the patient compensation fund

Summary: The committee first approved the minutes from its fourth meeting, held October 27-28 in Santa Fe, with Representative Duncan moving approval and no opposition. The chair then introduced a panel on the cost of providing medical care in New Mexico, focusing on physician shortages, rising practice costs, and access problems, especially in southern New Mexico and Las Cruces. Panelists included family physicians, a pediatrician, a cardiologist/electrophysiologist, and a community health center medical director, who described their backgrounds and practices before turning to the policy discussion. The doctors argued that New Mexico is losing physicians because of three main pressures: medical malpractice exposure, gross receipts tax on medical services, and low Medicaid reimbursement. They said malpractice premiums are much higher than in neighboring states, punitive damages and venue shopping increase risk, and the patient compensation fund and attorney fee structure create additional costs. They also described administrative burdens from insurance billing and referrals, the high debt and long training period for physicians, and the effect of corporate medicine and private equity on practice decisions. One panelist emphasized the economic impact of each physician on jobs and local spending, while another noted that shortages force patients into emergency rooms and delay specialty care. The panel presented a list of proposed solutions: reform punitive damages, limit venue shopping and stacking, restore lifetime medical payments from the patient compensation fund, enact apology protections, cap attorney fees, continue Medicaid funding improvements, and eliminate gross receipts tax on medical and dental services. Committee members generally agreed the presentation was thorough and useful, but several noted that some proposals fall outside this committee’s jurisdiction and would likely need to move through other committees, especially judiciary and tax. Some members supported drafting legislation or working on separate bills, while others urged caution, requested more input from hospitals and economists, and raised concerns about local government revenue impacts from GRT changes. The chair concluded by encouraging members to continue discussions offline and noted that the tax-related issue would be taken up further in the next day’s work.

Transcript Highlights:

• Because we are submitting it early, it's difficult for us to factor in that total compensation increase
• Really reflective of not including compensation and insurance.
• And so I will also highlight that for you and then just wanted to note that even though compensation
• isn't included, I wanted to give you a figure for what a 1% increase in compensation for school employees
• that I have is you indicated you're not Ready to make a recommendation on salary increases, on compensation

Transcript Highlights:

• Do POA boards of directors, can they be compensated? I'm not sure I understand the question.
• They are not compensated for their service on the board of directors. That's by law?
• Do POA boards of directors, can they be compensated? I'm not sure I understand the question.
• They are not compensated for their service on the board of directors. That's by law?
• They are not compensated for their service on the board of directors. That's by law?

Bills: SB383, SB1012, SB1181, SB1705, SB2075, SB2221, SB2586, SB2864, SB2994

Keywords: SB 383, ERCOT, Texas Utilities Code, interconnection, wind power facility, offshore wind, coastal wind, nearshore wind, Gulf of America, Texas coast, three marine leagues, electric grid, transmission line, distribution facility, renewable energy, battery storage, energy storage, grid access, power grid, electric service

Summary: The committee took up a long list of pending bills before moving to several bills on the day’s posting. It reported favorably SB 438, SB 512, SB 647, SB 648, SB 715, SB 758, SB 1964, SB 2121, SB 2145, SB 2167, SB 2330, SB 2349, SB 2443, SB 2629, SB 2702, SB 1495, and SB 2268, with several of those adopted from committee substitutes. Some measures were sent to the local and uncontested calendar, while others were reported to the full Senate. Votes on the pending-business bills were generally strong, though SB 715 and SB 2330 drew recorded opposition; SB 647 and SB 648 had one member present not voting because of confusion over the deed-related bills. A major discussion centered on SB 715, which would establish a reliability standard and penalties/incentives for generation resources. Senator Sparks said the committee substitute would avoid unfairly penalizing existing dispatchable generation, allow wind and solar to qualify through storage or backup power, give the PUC flexibility to set standards and phase in the program, and exempt switchable units. Critics raised concerns that it could raise consumer costs and destabilize the market, while supporters argued it would improve reliability. The committee substitute was adopted and the bill was reported out 6-4. The committee also heard testimony on SB 2330, dealing with payroll deduction for association dues, where the author said the bill would end state involvement in dues collection except for first responders covered by meet-and-confer agreements. Members questioned why teachers and other employees were treated differently, and the bill was reported out 6-5. Other notable bills included SB 2864 on building-integrated photovoltaics, SB 1012 on sale of surplus state property, SB 2221 on fraudulent UCC filings, SB 1705 regulating cryptocurrency kiosks with licensing, transaction limits, fee caps, and a 72-hour hold, SB 1181 on combative sports licensing, SB 2586 on HOA transparency, SB 2075 as a TDLR cleanup bill, and SB 383 restricting offshore wind interconnection based on impacts to shipping, wildlife, and coastal interests. Several of these were left pending after testimony, with SB 1705 drawing both law enforcement support and industry concerns over the fee caps and limits.

Transcript Highlights:

• Members, SB 130 makes three changes to Florida's compensation of victims of wrongful incarceration statute
• that was... ...to Florida's compensation of victims of wrongful incarceration statute that was originally
• The bill extends the timeline to file for such compensation from 90 days to two years.
• Florida is the only state in the nation that has a wrongful conviction compensation statute that includes
• Since enacting the wrongful incarceration statute in 2008, only five exonerees have received compensation

Summary: The Senate convened with a quorum, opening prayer, Pledge of Allegiance, and several member introductions recognizing visiting groups and resolutions, including Blood Clot Awareness Month and Tardive Dyskinesia Awareness Week. The chamber then moved to a special order calendar and considered a series of bills, with most measures passing overwhelmingly after brief explanations and debate. Among the early bills, SB 88 on utility terrain vehicles passed 32-5, allowing local governments to opt in to limited street use of UTVs under specified safety rules; SB 102 on exceptional student education passed 36-0 to create a workforce credential program for students with autism or modified curricula; SB 106 on exploitation of vulnerable adults passed 37-0; SB 130 on compensation for wrongful incarceration passed 38-0 after expanding filing timelines and easing restrictions on compensation claims; and SB 158 on diagnostic and supplemental breast examinations passed 38-0 to eliminate cost sharing for follow-up breast imaging under the state employee health plan. The most extended debate centered on SB 234, which sought to strengthen penalties and clarify the law regarding violent resistance to law enforcement officers and offenses against officers. Supporters argued the bill was needed after the Jason Raynor case to prevent defendants from using claims about an officer’s legal duty to justify violence, while opponents raised concerns about removing “good faith” language, potential impacts on Fourth Amendment protections, racial profiling, and the bill’s mandatory life sentence for manslaughter of an officer. A Jones amendment to restore “good faith” failed, and after further debate the sponsor temporarily postponed the bill without a final vote. The Senate also passed SB 262 on trust code technical changes (36-0), SB 274 designating roadways for Harris Rosen and Geraldine Thompson (38-0) and opening the board for 37 co-sponsors, SB 280 creating an enforcement mechanism for candidate party-affiliation qualifications (38-0), and SB 296 repealing the statewide middle and high school start-time mandate in favor of local decision-making and reporting requirements (38-0). Later, SB 356 designated January 27 as International Holocaust Remembrance Day in Florida, with supporters emphasizing the need to confront antisemitism and preserve Holocaust memory; the bill was introduced and debated, with the transcript ending during remarks by President Gaetz about the recent Holocaust memorial unveiling. Throughout the meeting, senators also used debate to highlight broader policy themes such as autism workforce inclusion, breast cancer screening, wrongful incarceration reform, school district flexibility, and honoring community leaders through road designations. The chamber’s actions were largely affirmative, with several unanimous votes and one notable postponed bill after substantial disagreement."}】}]}}```

Transcript Highlights:

• the definition of bona fide promotion or career advancement to say that increases in credible compensation
• increases and credible compensation increases and credible compensation given<00:26:59.679> to
• <00:49:13.200> their<00:49:13.520> retiring districts to compensate their retiring
• districts to compensate their retiring teachers,<00:49:15.359> uh,<00:49:15.839> for<00
• to avoid confusion and to kind of point this out, our other employers that can't do that cannot compensate

Keywords: Meeting Start: 00:00:01 Attendance Roll Call: 00:01:26 Approval of Minutes: 00:02:27 Investment, Cash Flow, and Legislative Update: Bo Cracraft – Judicial Form Retirement System: 00:03:12 Ryan Barrow – Kentucky Public Pensions Authority: 00:21:52 Beau Barnes – Teachers’ Retirement System: 00:34:31 Adjournment: 01:07:25, 958, all

Summary: The meeting opened with the Pledge of Allegiance and prayer, followed by a roll call confirming a quorum and approval of the prior minutes. A special guest, Dave Eager, was welcomed before the committee moved to presentations from retirement system officials. Bo Craycraft, executive director of the Judicial Form Retirement System, gave a quarterly update on investment performance, asset allocation, and cash flow. He said the plans had held up well amid market volatility, with fiscal year-to-date returns above benchmark and long-term returns remaining strong. He explained that the plans are targeted to a 70% equity/30% fixed-income allocation, that some cash is being held for cash-flow management, and that negative cash flow is expected because of funding and contribution levels. He also said Senate Bill 183, dealing with proxy voting and economic analysis for certain votes, was not expected to materially affect the plans because of their small number of holdings and Bear Trust’s long-term investment approach. Ryan Barrow and Erin Surrod then presented for the Kentucky Pension Authority. They reported positive quarterly performance across the retirement and insurance funds, though results varied by period and remained tied to broader market conditions. They said recent asset-allocation changes had been completed and the funds were now within target ranges. On cash flow, they noted some plans remained negative or near zero, with one plan benefiting from a large appropriation. In the legislative update, they described House Bill 30 as codifying an exclusion from pension-spiking calculations for across-the-board raises, and Senate Bill 10 as increasing retiree health insurance subsidies and changing employee health insurance contribution rules for certain CERS members beginning in 2026. They also said Senate Bill 183 would likely have limited impact, though the agency would review voting policies and incorporate any required economic-analysis procedures.

Transcript Highlights:

• So, all right, section two is earnable compensation.
• This is a a restoration uh compensation.
• It final compensation to three years.
• over base calculation over compensation over base calculation over compensation over<00:11:32.240
• <00:11:33.920> So over compensation over base. Right? So over compensation over base.

Keywords: 928, house, all

Summary: The committee reviewed a handout comparing House Bill 2 to current retirement law and walked through the bill section by section with staff from the retirement system. The discussion focused on vesting, earnable compensation, average final compensation, compensation-over-base limits, special duty pay, normal retirement age, re-retirement, and maximum benefit rules for Group 2/Tier B members. Staff explained that some provisions would restore pre-2011 rules, including counting certain end-of-career payments such as unused sick and vacation time in earnable compensation and reducing the AFC averaging period from five years back to three. They also described how the bill would eliminate the current cap on compensation over base, which mainly affects overtime, and noted that the actuarial cost of the AFC-related changes is interrelated rather than easily broken out by feature. A separate discussion covered the special duty pay limitation, which currently applies to Tier A and would be removed under the governor’s bill for both Tier A and Tier B members after their vested buy date. Staff said the actuary estimated that removing the special duty limitation would increase costs by about $13.9 million. Members also asked about the practical difference between overtime and special duty, with staff explaining that special duty generally involves work for a private third party, often police detail work, while overtime depends more on staffing and scheduling. The committee also reviewed the normal retirement age changes for Tier B and the possibility that some members would need to work longer to reach the new vested buy date. Members raised concerns about an ambiguity in the bill that could allow already-retired Tier B members to return to work, then re-retire and claim the higher benefits, or allow vested deferred members to stop working and wait for the new vested buy date. Staff said the governor’s office did not intend to allow that result and requested clarifying language, noting that the bill as drafted does not expressly prohibit it. The committee also discussed part-time and seasonal work after retirement, with staff explaining that such work generally does not restore membership unless the person takes a full-time position requiring enrollment. Finally, the committee reviewed the maximum benefit provisions and noted that HB 2 in the current year does not change the maximum benefit date or include the 1.5% annual escalator that had been part of the 2023 proposal, making the current bill more costly than the earlier version.