Transcript Highlights:

• We are adding a five-year drop to their pension retirement, similar to firefighters.
• Drop to their pension retirement, similar to firefighters and FOP.
• other pension systems, we, to keep the pension system whole, we have made... ...to keep the pension
• Depending on per pension, or your per pension fund, I think the total of all the pension funds for increase
• Chase Rankin with the Oklahoma Firefighters Pension System.

Bills: HB1784, HB1245, HB1268, HB2116, HB2193, HB2206, HB1739, HB1889, HB1904, HB3172, HB4225, HB4352, HB3625, HB4263

Keywords: education reform, local control, student outcomes, curriculum changes, school funding, retirement, pension, public employees, Oklahoma Public Employees Retirement System, benefits, survivorship, contribution rates, disability retirement, deferred option plan, service credit, contributions, distributions, HB2116, Oklahoma Law Enforcement Retirement System, OLERS

Transcript Highlights:

• HB 41, by Representative Vuit, provides relative to board membership of the firefighter retirement system
• And Chad Major with the firefighters...” “Thank you. Thank you. Thank you. Thank you. I hear you.
• I'm the General Counsel for the Firefighters Retirement System. Okay. And I'm talking about costs.
• Chad Major, Representative Professional Firefighters.” “Yes, sir. Thank you.
• Chad Major, Representative Professional Firefighters.

Bills: HB41

Keywords: Firefighters' Retirement System, FRS, retirement board, board of trustees, firefighter pension, public pension, retirement system governance, active members, service credit, Professional Fire Fighters Association, PFFA, Louisiana Fire Chiefs Association, fire chiefs, retirees, beneficiaries, DROP, Deferred Retirement Option Plan, board elections, vacancies, Louisiana retirement law

Transcript Highlights:

• The House File before you today is a vehicle bill for the Pension Commission, and the pension work is
• I want to make sure that I move the bill properly. for the Pension Commission and the for the Pension
• The I excuse in a pension uh commission.
• </c> billing is done with within the pension billing is done with within the pension system.<00:04:11.000
• </c> is actually has um pension implications. is actually has um pension implications.

Bills: HF4074

Keywords: retirement, pension, public employees, MSRS, PERA, TRA, St. Paul Teachers Retirement Fund Association, police and fire, correctional employees, probation officers, telecommunicators, dispatchers, 911 operators, public safety answering point, PSAP, firefighters, volunteer firefighters, paid on-call firefighters, fire relief association, state aid

Transcript Highlights:

• The Committee on Pensions, Investments, and Financial Services will come to order.
• My name is Stephen Kars, and I'm an active firefighter for the city.
• by contributions from active firefighters, police officers, and the city of San Antonio.
• This is a cleanup bill for the Pension Review Board that clarifies existing requirements.
• First, the bill would require the Pension Review Board...

Bills: HB3014, HB3109, HB3126, HB3474, HB3594

Keywords: gift card fraud, counterfeit gift card, gift card tampering, gift card theft, prepaid card, stored value card, retail fraud, financial crimes, consumer protection, organized retail crime, gift card skimming, magnetic stripe, chip card, redemption information, gift card packaging, Penal Code, felony theft, state jail felony, third-degree felony, second-degree felony

Transcript Highlights:

• ' pension.
• So, at some point, all that has to be paid for the firefighters' pension is down in the low 50s as far
• and police pensions.
• If you go back to the firefighter and police pensions back to the early 1980s, they were not controlled
• This raises the amount that volunteer Retired firefighters can receive from the pension it is currently

Bills: SB134, SB1356, SB1407, SB1611, SB1639, SB169, SB1722, SB182, SB1870, SB2039, SB432, SB609, SB715, SB716

Keywords: retirement, public employees, reemployment, benefit adjustment, Oklahoma Public Employees Retirement System, state government, OMES, Office of Management and Enterprise Services, Department of Labor, Department of Veterans Affairs, Department of Rehabilitation Services, civil service, human capital management, state employee disputes, whistleblower, veterans employment, veterans placement, fleet management, state fleet, motor vehicles

Transcript Highlights:

• House Bill 227 by Representative Firefighters to limit the post-retirement House Bill 227 limits the

Bills: HB227, HB556, HB543, HB542, HB482, HB483, HB484

Keywords: firefighter benefits, occupational disease, line of duty, disability pension, death benefits, retirement benefits, hypertension, heart disease, respiratory disease, cancer presumption, HIV, hepatitis, municipal firefighters, state firefighters, fire districts, workers' compensation, public safety employees, post-retirement benefits, benefit eligibility cutoff, occupational illness

Transcript Highlights:

• must provide a written commitment to follow standards, making sure that a proxy advisor used in our pension
• based on fiduciary duties and not utilizing ESG or other DEI metrics, and votes for proxy of our pension
• Chairman, House Bill 3265 is a request from the police pension board. It's pretty simple.
• I'm the director of the police pension.
• There's a lot of pension bills that went out.

Bills: HB3041, HB4428, HB4429, HB1064, HB3265, HB3721, HB3028, HB3313, HB3588, HB3020

Keywords: credit card transactions, payment methods, service charge, consumer rights, financial regulation, public finance, pension, pension fund, retirement system, board of trustees, proxy voting, proxy proposal, shareholder vote, shareholder activism, fiduciary duty, pecuniary factors, nonpecuniary factors, ESG, environmental social governance, social goals

Transcript Highlights:

• That's what we're doing on the MEPERS side, on Firefighters' Retirement System, partial dissolution.
• Firefighters seem to be happy with it as well. So in short, we like it.
• Shane Spellman, Professional Firefighters, in support.
• Shane Spellman, Professional Firefighters, is in support. We have Taylor Comp with MEPERS.
• White card and added borderline firefighters' retirement system, white cards only. And motion.

Bills: HB17, HB21, HB24, HB41, HB42, HB45, HB1134, HB1237

Keywords: HB 17, District Attorneys' Retirement System, retirement system, reemployed retiree, reemployment, supplemental retirement benefit, service credit, benefit suspension, public retirement, district attorney, assistant district attorney, Louisiana District Attorneys' Association, employer reporting, annual report, retirement benefits, state employees, local funds, state funds, Municipal Employees' Retirement System, part-time retirees

Transcript Highlights:

• For our pension systems? Thank you.
• I think the fiduciary responsibility to the pensioners is paramount.
• For those police officers and firefighters, it brings it up to a livable wage.
• This is a request bill from the Police Pension Board.
• Which was removed in 2012 to help shore up pension plans.

Bills: HB1739, HB1784, HB1889, HB2116, HB2206, HB3625, HB2939, HB3028, HB3265, HB3313, HB3413, HB3414, HB3415, HB3416, HB3417, HB3418, HB3420, HB3588, HB3748, HB3721, HB3852, HB4132, HB4263, HB4303, HB4311, HB4428, HB4429, HB4434

Keywords: retirement, law enforcement, disability benefits, pension system, Oklahoma, education reform, local control, student outcomes, curriculum changes, school funding, public retirement systems, pension, retirement benefits, cost-of-living adjustment, COLA, inflation adjustment, CPI-U, Consumer Price Index, firefighters pension, police pension

Transcript Highlights:

• Is this currently a problem for our pension systems? Thank you.
• And so you agree then that the The pensioners is paramount.
• This is a request bill from the Police Pension Board.
• We have this on pension bill over and over and over.
• , Budget directly into the pension that that benefit comes out of.

Bills: HB1739, HB1784, HB1889, HB2116, HB2206, HB3625, HB2939, HB3028, HB3265, HB3313, HB3413, HB3414, HB3415, HB3416, HB3417, HB3418, HB3420, HB3588, HB3748, HB3721, HB3852, HB4132, HB4263, HB4303, HB4311, HB4428, HB4429, HB4434

Keywords: retirement, law enforcement, disability benefits, pension system, Oklahoma, education reform, local control, student outcomes, curriculum changes, school funding, public retirement systems, pension, retirement benefits, cost-of-living adjustment, COLA, inflation adjustment, CPI-U, Consumer Price Index, firefighters pension, police pension

Summary: The committee opened with prayer, laid over House Bill 1784 as dead, and then heard a long series of measures, many related to pensions, retirement systems, elections, and state procurement/reporting. Early bills included HB 3588 on debtor-creditor law updates, HB 3748 on county partnerships with four-year institutions, HB 4303 extending the municipal ordinance publication deadline from 15 to 30 days, HB 4311 increasing the treasurer’s share of the unclaimed property administration fee from 4% to 6%, and HB 3028 allowing CareerTech to charge processing fees. All of these advanced on due pass votes, with some opposition on HB 3588, HB 4311, and HB 3028. A major block of the meeting focused on retirement and pension policy. The committee advanced HB 4428 and HB 4429 on proxy advisor transparency and fiduciary voting standards for retirement systems, with the author arguing they would improve transparency and keep pension decisions focused on financial returns rather than ESG/DEI considerations. Other pension-related bills that passed included HB 4132 creating a cybersecurity safe harbor for local governments, HB 1889 fixing a COLA gap for certain retired police officers and firefighters, HB 3265 defining “mental health specialist” for disability applications, HB 1739 reinstating a half-pay provision in the state law enforcement retirement system, HB 3313 changing the Retirement Freedom Act by raising contribution and match rates and eliminating vesting, HB 2116 expanding eligibility for State Fire Marshal officers, HB 2206 allowing newly hired school resource officers to join OLEERS, HB 3625 expanding school district investment options, and HB 3721 creating a survivor-benefit election for children of certain public safety officers. Most of these passed with little or no debate, though HB 1739 drew questions about actuarial “safe harbor” language and pension funding. The latter part of the meeting centered on a package of government contracting and transparency bills from Representative Strom. HB 3413, HB 3414, HB 3415, HB 3416, HB 3417, HB 3418, and HB 3420 would require more detailed reporting of contracts, subcontractors, consulting services, and post-contract assessments; create public posting and reporting requirements through OMES and Central Purchasing; revise bidding rules for state, county, and municipal entities; require vendor ownership disclosures; allow live-streamed bid openings; and add misdemeanor penalties for violations of Central Purchasing rules. Strom said the package was intended to improve accountability, documentation, and protection of taxpayer dollars. The committee also passed HB 3852 clarifying poll worker list requirements for county election boards, HB 4434 requiring gubernatorial notice when out of state, and HB 2939 removing fax-machine references from statute. Most measures were adopted with policy recommendations and passed on strong votes, and the meeting ended with Chairman West thanking members for their work and adjourned the committee.

Bills: HB0034, HB0035, HB0036, HB0106

Keywords: HB0034, Wyoming retirement system, Wyoming Retirement Act, firefighter retirement, public employee retirement, retirement benefits, state pension, wildland firefighting, wildland firefighter, crash and rescue, Wyoming National Guard, Office of State Lands and Investments, Wyoming Retirement Board, correctional forestry crew, correctional crew supervisor, correctional forestry crew manager, general fund appropriation, state agency employees, service credit, benefit eligibility

Bills: HB0034, HB0035, HB0036, HB0106

Keywords: HB0034, Wyoming retirement system, Wyoming Retirement Act, firefighter retirement, public employee retirement, retirement benefits, state pension, wildland firefighting, wildland firefighter, crash and rescue, Wyoming National Guard, Office of State Lands and Investments, Wyoming Retirement Board, correctional forestry crew, correctional crew supervisor, correctional forestry crew manager, general fund appropriation, state agency employees, service credit, benefit eligibility

Transcript Highlights:

• This bill is going to help our retired police officers and firefighters who are. and their families.
• Association, the San Antonio Police and Fire Pensioners Association, and the Fund's Board of Trustees
• Association, the San Antonio Police Officers Association, and the San Antonio Fire and Police Pensioners
• This is the Austin Firefighter Retirement Fund Pension, a bill that's been agreed to by the parties.
• At that time, some of our state pension funds and endowment funds were investing in gold.

Bills: SB524, SB782, HB42, HB1056, HB2894, HB3033, HB3474, HB3594, HB4738, HB5246, HB42

Keywords: SB 524, Texas franchise tax, veteran-owned business, new veteran-owned business, business tax exemption, filing fee exemption, Tax Code Chapter 171, Business Organizations Code, Comptroller, small business, veterans, entrepreneurship, tax repeal, privilege tax, beginning date, franchise tax exemption, severance tax, oil, gas, restimulation wells

Transcript Highlights:

• The bill that would put the City of Austin, the Austin Firefighter Pension Fund, and the firefighters
• The Austin Firefighter Pension Fund.
• benefits for our current and retired firefighters, as well as future firefighters.
• new firefighters due to inadequate pension benefits.
• . ...pension.

Bills: HB886, HB1514, HB2434, HB2688, HB2802, HB3161, HB3221, HB4029, HB4339, HB4591, HB4774, HB4802, HB4853, HB5627, SB1737

Keywords: retirement, supplemental payment, benefits, Employees Retirement System, eligible annuitants, legislation, annuity, service credit, Employees Retirement System of Texas, employee benefits, pension reform, public retirement systems, municipality pensions, firefighters, police officers, retirement age, DROP program, actuarial studies, pension benefits, municipal retirement

Transcript Highlights:

• I began and the pension I have now, the reality is that there's been no change in my pension from ERS
• I haven't had any change in what that pension would be.
• We do count on our pensions for our livelihood, and so it's important.
• to pay any additional benefits, the pension fund must be sound.
• plans like ERS are required to adopt a pension funding policy.

Bills: HB886, HB1514, HB2434, HB2688, HB2802, HB3161, HB3221, HB4029, HB4339, HB4591, HB4774, HB4802, HB4853, HB5627, SB1737

Keywords: retirement, supplemental payment, benefits, Employees Retirement System, eligible annuitants, legislation, annuity, service credit, Employees Retirement System of Texas, employee benefits, pension reform, public retirement systems, municipality pensions, firefighters, police officers, retirement age, DROP program, actuarial studies, pension benefits, municipal retirement

Transcript Highlights:

• These pension funds exist for one purpose: retirement security for law enforcement officers and firefighters
• You know, if you pass this into law, all pensions, no matter what your pension is, it's opening up the
• So please leave the pension system alone, because if it's not us, it's going to be the next pension.
• fund for non-pension purposes.
• The state and federal laws say pension funds are for the benefit of the pension members.

Bills: HB1069, HB2091, SB6355, HB2104, SB6003, HB2441, HB2124, HB2610, HB2338

Keywords: collective bargaining, retirement benefits, employee rights, public sector, supplemental benefits, public employers, employee information, bargaining representatives, labor relations, union representation, electric transmission, energy policies, infrastructure, regulatory framework, transmission systems, aviation, wildland fires, funding, disaster relief, emergency response

Summary: The committee first met in executive session on the capital budget and several policy bills. Staff briefed Proposed Substitute Senate Bill 6003, including amendments that shifted funding among capital projects, added money for the Yakima Behavioral Health Hub and Rent and Resource Center, moved the African Diaspora Cultural Anchor Village project, corrected juvenile rehabilitation and irrigation appropriations, and made a technical change to water pollution control revolving funds. The committee also considered bills on survivor health premium reimbursements for line-of-duty deaths, a higher lump-sum retirement payment threshold, collective bargaining coverage for certain employees outside the NLRA, permanent property tax exemptions for senior centers and nonprofit low-income homeownership projects, weatherization capital funding, and a Climate Commitment Act restructuring bill. Amendments were adopted on SB 6003 and on the CCA bill, while several later CCA amendments were withdrawn. All of the executive-session bills received due-pass recommendations, with the CCA bill sent to the Transportation Committee as amended. The public hearing began with Engrossed Second Substitute House Bill 2034, which would terminate and restate LEOFF Plan 1 in 2029, transfer members to a new plan with identical benefits, and distribute surplus assets to the Climate Commitment Account and the pension funding stabilization account. Committee staff described the plan’s overfunded status and the need for IRS approval; senators asked about funding history, medical liabilities, and governance. Testimony was sharply divided: retirees and firefighter groups opposed the bill as a broken promise and urged benefit enhancements or COLAs instead, while counties and cities said they wanted clearer language about taking over local medical obligations and disability board issues. No action was taken during the hearing. The committee then heard Engrossed House Bill 2179 on PERS membership for port workers in other employer-funded plans, with port officials and the Washington Public Ports Association supporting it and asking for clarifying amendments, while one member of the public supported having only one pension system. House Bill 1069, allowing DOC employees to bargain over supplemental retirement benefits, drew support from Teamsters and opposition from a policy group concerned about the bill’s scope and fiscal effects. House Bill 2091, expanding employee-information disclosure to all public employers under the PSRA, drew union support and privacy objections from Washington Policy Center. The committee also heard Second Engrossed Substitute House Bill 1210 on targeted urban area tax preferences for clean energy transformation projects, where labor and local economic development groups supported it and contractor, environmental, and anti-nuclear witnesses opposed the project labor agreement and the nuclear-facility implications. Finally, Engrossed Substitute House Bill 1408 on community preservation and development authority funding and Engrossed Second Substitute House Bill 1974 on land bank authorities for affordable housing both received supportive testimony, and Substitute House Bill 2650 on tax administration notices and effective dates was presented as a technical Department of Revenue request with no fiscal impact.

Transcript Highlights:

• He's a real firefighter. Okay, just Tom and Mike. Good afternoon, Mr.
• He's not a real firefighter. I'm sorry. I'm sorry. All right then, no.
• It just goes into their pension savings. Mr.
• Maynor, have you all sought pension reform for Tier 3 officers? Mr.
• Firefighters take their life for suicide.

Bills: SB1161, SB1215, SB1270, SB1400, SB1537, SB1538, SB1580, SB1584, SB1627

Keywords: appropriation, public safety, Yuma County, funding exemption, family advocacy center, firefighters, occupational disease, workers compensation, cancer presumption, police officers, hazardous duty, SB1270, Arizona retirement system, public safety personnel, defined contribution plan, correctional officers, corrections officers, retirement contributions, supplemental contributions, retention incentive

Transcript Highlights:

• This bill is also a cost of living adjustment for the police pension fund. It's a.
• fire pension is $5.8 million dollars.
• I see a page two has a specific section about volunteer firefighters.
• On page three, there's some specific language about what makes a volunteer firefighter.
• The firefighters' pension is after the COLA will be at 74.6%. It's a decrease.

Bills: HB4030, HB4031, HB4032, HB4033, HB4034, HB4035, HB4036, HB4037, HB4038, HB4039, HB4040, HB4041, HB4042, HB4043, HB4044, HB4045, HB4046, HB4047, HB4048, HB4049, HB4050, HB4051, HB4052, HB4053, HB4054, HB4056, HB4057, HB4065, HB4067, HB4071, HB4072, SB1144, SB1145, SB1146, SB1147, SB1148, SB1149, SB1156, SB1157, SB1158, SB1159, SB1161, SB1162, SB1163, SB1164, SB1165, SB1166, SB1167, SB1174, SB1175, SB1176

Keywords: education funding, budget appropriations, public schools, teachers' retirement, early childhood education, aeronautics, infrastructure, funding, sustainability, Oklahoma, mining, operator fees, coal production, noncoal mining, department of mines, revenue, state budget, budgetary reform, financial legislation, fiscal accountability

Transcript Highlights:

• $10 even per year of service for their retirement, and also provides for a COLA of 3% for those firefighters
• would be the amount of employer contribution that we'd need to keep a nose-up position within the pension
• But we wanted to make sure the pension continued an upward growth trajectory, but now that we've reached
• over 100% funding in the pension, we were able to scale back some of the state subsidy for that said
• pension system.

Bills: HB4030, HB4031, HB4032, HB4033, HB4034, HB4035, HB4036, HB4037, HB4038, HB4039, HB4040, HB4041, HB4042, HB4043, HB4044, HB4045, HB4046, HB4047, HB4048, HB4049, HB4050, HB4051, HB4052, HB4053, HB4054, HB4056, HB4057, HB4065, HB4067, HB4071, HB4072, SB1144, SB1145, SB1146, SB1147, SB1148, SB1149, SB1156, SB1157, SB1158, SB1159, SB1161, SB1162, SB1163, SB1164, SB1165, SB1166, SB1167, SB1174, SB1175, SB1176, HB4030, HB4031, HB4032, HB4033, HB4034, HB4035, HB4036, HB4037, HB4038, HB4039, HB4040, HB4041, HB4042, HB4043, HB4044, HB4045, HB4046, HB4047, HB4048, HB4049, HB4050, HB4051, HB4052, HB4053, HB4054, HB4056, HB4057, HB4065, HB4067, HB4071, HB4072, SB1144, SB1145, SB1146, SB1147, SB1148, SB1149, SB1156, SB1157, SB1158, SB1159, SB1161, SB1162, SB1163, SB1164, SB1165, SB1166, SB1167, SB1174, SB1175, SB1176

Keywords: education funding, budget appropriations, public schools, teachers' retirement, early childhood education, aeronautics, infrastructure, funding, sustainability, Oklahoma, mining, operator fees, coal production, noncoal mining, department of mines, revenue, state budget, budgetary reform, financial legislation, fiscal accountability

Transcript Highlights:

• would be the amount of employer contribution that we'd need to keep a nose-up position within the pension
• But we wanted to make sure the pension continued an upward growth trajectory, but now that we've reached
• over 100% But we wanted to make sure the pension continued an upward growth trajectory.
• But now that we've reached over 100% funding in the pension, we were able to scale back some of the state
• subsidy for that said pension system.

Bills: HB4030, HB4031, HB4032, HB4033, HB4034, HB4035, HB4036, HB4037, HB4038, HB4039, HB4040, HB4041, HB4042, HB4043, HB4044, HB4045, HB4046, HB4047, HB4048, HB4049, HB4050, HB4051, HB4052, HB4053, HB4054, HB4056, HB4057, HB4065, HB4067, HB4071, HB4072, SB1144, SB1145, SB1146, SB1147, SB1148, SB1149, SB1156, SB1157, SB1158, SB1159, SB1161, SB1162, SB1163, SB1164, SB1165, SB1166, SB1167, SB1174, SB1175, SB1176

Keywords: education funding, budget appropriations, public schools, teachers' retirement, early childhood education, aeronautics, infrastructure, funding, sustainability, Oklahoma, mining, operator fees, coal production, noncoal mining, department of mines, revenue, state budget, budgetary reform, financial legislation, fiscal accountability

Summary: The Joint Committee on Appropriations and Budget met to consider a long agenda of appropriations, retirement COLAs, revolving funds, and limits bills. Early actions included Senate Bill 1144 and Senate Bill 1145, which provided cost-of-living adjustments for retired teachers and OPRS retirees, respectively, and Senate Bill 1146, 1147, 1148, and 1149, which extended similar retirement benefit increases or a one-time stipend for law enforcement, firefighters, judges, and certain retired police and firefighters. The committee also advanced bills funding the Pardon and Parole Board, OSBI cybercrimes and fraud work, juvenile medication, and several agency limits bills for Health Care Authority, Health Department, Mental Health and Substance Abuse Services, and DHS. Members also heard and passed a series of education, public safety, and economic development measures, including funding for school security at the School for Science and Math and the Schools for the Blind and Deaf, support for National Board certified teachers, and appropriations for the Rural Health Transformation Program, the Decennial Census Revolving Fund, Task Force One, and the Oklahoma State Bureau of Investigation forensic center. Several bills created or expanded revolving funds and financing tools, including military readiness and aviation funds, a taxpayer endowment trust fund, water infrastructure loan and REAP-related measures, and a revised non-coal mining fee structure. The committee also approved a bill increasing court reporter pay and another reducing employer contributions to the retirement system after it reached over 100% funding. There was notable discussion on a $5 million film-related pilot program for sitcom production, with questions about the amount and certification requirements, and on a rural economic development package that included money for the state fairgrounds and a university energy plant, which drew objections over whether those projects fit the intended purpose of rural prep funds. Other debated items included a bill directing funds to the Oklahoma Dream Act/Trump accounts, a bill rejecting judicial pay increases recommended by the Board of Judicial Compensation, and a proposal to move $200 million from the stabilization fund into a new Taxpayer Endowment Trust Fund. Most measures were reported out with due pass votes, though several drew dissenting votes, including the film bill, the fairgrounds/economic development bill, the water projects bill, and the trust fund and judicial pay measures. The committee adjourned after completing the agenda.