Video & Transcript Research : 'pension exclusion'
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DE
Delaware 2025-2026 Regular Session
House Appropriations Committee Meeting Jun 23rd, 2026
Appropriations
Transcript Highlights:
- of military pensions from taxable income.
- Senator Holoski, an act to amend Title 30 of the Delaware Code relating to exclusion of military pensions
- Right now, military retirees can subtract up to $12,500 of their pension income from their taxable income
- spouses have been in the military and both retired from the military, to have a $25,000 military pension
- exclusion for both people.
Keywords:
military pension, military retirement pay, veterans, retiree tax relief, income tax exemption, pension exclusion, Delaware income tax, retirement income, state tax subtraction, armed forces retirement, National Guard, Space Force, Coast Guard, NOAA, Public Health Service, taxable income, Title 30, Section 1106, wetlands protection, nontidal wetlands
Summary:
The House Appropriations Committee met to hear several bills, with members repeatedly reminded to focus on fiscal impacts rather than policy merits. The committee first considered SB 9 on freshwater wetlands, which would combine tidal and non-tidal wetlands programs into one permitting framework; supporters said the bill resulted from a two-year consensus process and that the governor’s office and DENREC would absorb a significant share of the cost. Public testimony was largely supportive, emphasizing flood control and ecosystem services, though one speaker opposed the spending. The committee voted to release SB 9.
The committee then heard SB 278 on child care assistance, which would preauthorize summer camp for eligible school-age children and create a separate lower co-payment for half-day care. The sponsor and the YMCA of Delaware said the change would better align family co-pays with provider reimbursement and make before- and after-school care more affordable for working families. The committee also released SB 278, SB 168 on alcohol delivery for package stores, SB 120 on health insurance coverage for certain testing and treatment, and HB 4, a pilot program for artificial intelligence and extended reality in schools; HB 4 was described as having a near-$3 million fiscal note and a one-year implementation delay because it was not funded in the budget.
Later, the committee approved SB 219, which gradually increases the military pension income tax exclusion from $12,500 to $25,000 over three years and includes related joint-filing and residency changes. Supporters argued it would help attract and retain military retirees and bring federal dollars into the state. The committee also released SB 1, a major primary care reform bill that would increase primary care spending and implement hospital payment reforms, with projected long-term savings to the state employee health plan, and SB 325, which expands background checks and wrap-back monitoring for fire service personnel and adds an investigator position for the Fire Prevention Commission. In each case, public commenters and committee members generally supported the bills, and all were released from committee by recorded vote.
OK
Oklahoma 2026 Regular Session
Banking, Financial Services and Pensions REVISED: HB1182 - Removed Feb 17th, 2026 at 03:00 pm
Banking, Financial Services and Pensions
Transcript Highlights:
- So once they receive 20 years of full service, start drawing their pension, their pension check would
- 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.
- No other pension.
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
TX
Texas 89th Regular
Pensions, Investments & Financial Services Mar 31st, 2025
Pensions, Investments & Financial Services
Transcript Highlights:
- The Committee on Pensions, Investments, and Financial Services will come to order.
- The Fund is very much like a pension fund and is governed by a nine-member Board of Trustees, funded
- Upon qualifying for retirement pension from the San Antonio Fire and Police Fund, retirees and their
- This is a cleanup bill for the Pension Review Board that clarifies existing requirements.
- First, the bill would require the Pension Review Board...
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
LA
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
OK
Oklahoma 2026 Regular Session
Retirement and Government Resources Apr 14th, 2026 at 10:30 am
Retirement and Government Resources
Transcript Highlights:
- Pension systems, and it requires that both the boards and any proxy advisors that they might use focus
- So you're saying this now aligns with the pension boards' missions. Thank you for the question.
- are to be made to the maximum pecuniary benefit of the pension holders and not be distracted by other
- maintain that authority and control over their pensions and not farm them out to entities that might
- who do such a wonderful job to be completely focused on return for the pension holders.
Keywords:
government reporting, information technology, child welfare, environmental policy, state agency compliance, employment restrictions, state officers, prohibited acts, government contracts, public service, public finance, pension, pension fund, retirement system, board of trustees, proxy voting, proxy proposal, shareholder vote, shareholder activism, fiduciary duty
OK
Oklahoma 2026 Regular Session
Banking, Financial Services and Pensions Feb 10th, 2026 at 03:00 pm
Banking, Financial Services and Pensions
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.
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
MN
Transcript Highlights:
- I'm new to this space and the pensions.
- I've been in and the pensions.
- The 2025 pension bill has a Committee.
- pension adjustment revenue line. pension adjustment revenue line.
- General education aid pension adjustment revenue.
Keywords:
pension, retirement, omnibus pension, MSRS, PERA, TRA, public employees retirement, state employees retirement, correctional employees, police and fire retirement, State Patrol retirement, teachers retirement, firefighter relief association, volunteer firefighter, state aid, postretirement adjustment, COLA, annuity, disability benefit, duty disability
AL
Alabama 2026 1st Special Session
Alabama Senate Transportation and Energy Committee Apr 2nd, 2026
Transportation and Energy
Bills:
HB542
Keywords:
HB542, district attorney, prosecutor, supernumerary district attorney, Employees' Retirement System, ERS, Alabama retirement, public employee retirement, pension, retirement benefits, post-retirement employment, salary cap, dual participation, double dipping, District Attorneys' Plan, assistant district attorney, deputy district attorney, state pension, survivor benefits, Office of Prosecution Services
AZ
Transcript Highlights:
- Anytime you do pension changes, it potentially affects IRS issues, but they gave us...
- Anytime you do pension changes, it potentially affects IRS issues, but they gave us a green light.
- And it could be, this isn't exclusive, and it's not mandatory, and it's just another tool in the toolbox
- You know, I've had this conversation with a number of the lobbyists that represent different pension
- You know, different government employees that get pensions.
Keywords:
income tax, conformity, Arizona Revised Statutes, taxpayer, federal regulations, 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
Summary:
The Senate Finance Committee approved the January 26, 2026 minutes and then heard several bills dealing with tax, retirement, and property assessment issues. SB 1215, as amended, was described as a technical “comma bill” that reorganizes the list of firefighter cancer conditions presumed work-related and removes mistakenly included peace officer language; it passed 6-1. SB 1180 would codify Arizona Department of Revenue’s practice of assuming federal conformity for above-the-line income tax items when preparing forms, with supplemental instructions if the legislature later acts differently; it passed 7-0 after discussion about whether it would affect executive-ordered changes. SCR 1028, a voter-referral measure to narrow the statutory exception allowing agencies to set certain fees and assessments without a two-thirds vote, drew sharp debate over majority rule versus limits on delegated fee authority and passed 4-3.
The committee also advanced SB 1292, which clarifies that the Public Safety Personnel Retirement System’s 5% ownership cap applies only to publicly traded corporations; PSPRS said the change would avoid compliance problems and unnecessary costs, and it passed 7-0. SB 1294, restoring county assessors’ authority to prorate property values for property destroyed in any manner while preserving a five-year classification benefit only for property destroyed by verifiable accident, passed 6-1. SB 1430, the annual tax corrections act, passed unanimously after DOR said it mainly removes redundant language, fixes a cross-reference, and codifies current practice.
The committee then considered SB 1270, which would let CORP employers make optional supplemental retirement contributions of up to $5,000 to Tier 3 correctional officers and related employees at specified service intervals. Supporters from the FOP said it is a flexible retention tool for hard-to-staff correctional jobs, while some members worried it could add costs for counties and not solve the underlying retention problem; it passed 6-1. Finally, SB 1290, which requires advance notice and inspection reports for certain property inspections and bars repeat agricultural inspections for three years, drew strong support from farm groups and strong opposition from county assessors, who argued it would create costs, limit their ability to verify new construction, and interfere with annual valuation duties. The bill passed 4-2 with one member not voting, and the committee adjourned.
KY
Kentucky 2026 Regular Session
Budget Review Subcommittee on General Government, Finance, Personnel, and Public Retirement.(6-3-26)
Transcript Highlights:
- has never really had a briefing on our pension systems and everything.
- So, basically pension liabilities are all predicated on a whole slew of estimates.
- :22.080>
are So, basically pension liabilities are So, basically pension liabilities are all<00 - One of the bright spots of Kentucky is really on the pension side.
- Not every state pre-funds pension side.
Keywords:
Meeting Start 00:00:00
Attendance Roll Call 00:00:54
Pension System Update 00:03:38, 958, all
Summary:
The committee held its first official interim meeting after merging the General Government and Finance, Personnel, and Public Retirement committees, establishing a quorum and opening with the pledge and prayer. Members then received a briefing from KPPA representatives Ryan Barrow and Aaron Sarock on the state retirement systems, including KERS, CERS, and SPRS, and on the importance of fully funding the actuarially determined employer contribution, supplemental appropriations, and investment earnings in reducing unfunded liabilities. They said the systems have made progress toward a statutory closed amortization target of 2049 and emphasized that supplemental funding lowers current employer contribution rates but does not change that end date.
A major topic was federal and state reemployment-after-retirement rules for retirees who return to work with participating employers. KPPA explained that retirees must have a bona fide separation from service, no prearranged agreement to return, and generally a one-calendar-month break in service for retirees on or after January 1, 2024. If a member fails to comply, retirement benefits can be voided, payments stopped, health coverage ended, and benefits repaid. The presenters also noted that rehired retirees do not earn a second retirement account, and employers rehiring them must pay employer contributions and, in non-exempt cases, reimburse health insurance costs.
Members asked about the scale of rehired retirees and the difference between employer contribution and health insurance reimbursement amounts. KPPA said that in fiscal year 2025 there were over 3,500 rehired retirees in CERS and over 5,000 in SPRS, with substantial employer contributions and health reimbursement payments collected. They also explained that some positions are exempt from these chargebacks, including school resource officers and certain law enforcement positions that meet statutory criteria. The committee discussed House Bill 213, which allows cities, sheriffs’ departments, and post-secondary institutions to offer health insurance to rehired officers if authorized by the governing body, effective August 1, 2026, and clarifies the fiscal-year basis for certain exemption limits. No votes were taken.
OK
Oklahoma 2026 Regular Session
Retirement and Government Resources REVISED Apr 21st, 2026 at 10:30 am
Retirement and Government Resources
Transcript Highlights:
- the statute a policy of the state of Oklahoma emphasizing that we are looking specifically to our pension
- I don't believe the difference in the definitions is material, but when you are a pension system and
- funds and all the pensioners.
- I mean, I'm just wondering if this implies that that pension holders pen pension beneficiaries can expect
- Pension funds would say we're going to do business with you, but you must have a policy that aligns with
Bills:
HB1170
TX
Transcript Highlights:
- post-retirement contributions by allowing retirees to pay the fund directly rather than through the pension
- Association, the San Antonio Police and Fire Pensioners Association, and the Fund's Board of Trustees
- We have members; we have Amy Cardona, the Executive Director for the Pension Review Board, in case anyone
- 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.
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
OK
Oklahoma 2026 Regular Session
Government Oversight REVISED - HB3852 -Added Mar 5th, 2026 at 10:30 am
Government Oversight
Transcript Highlights:
- For our pension systems? Thank you.
- I think the fiduciary responsibility to the pensioners is paramount.
- This is a request bill from the Police Pension Board.
- Which was removed in 2012 to help shore up pension plans.
- House Bill 3721 is a retention mechanism for the three public safety pensions.
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
MN
Keywords:
taxation, pass-through entity, qualifying owner, partnership, S corporation, tax return, overtime compensation, tax deduction, income tax, federal regulations, tax reform, tip income, federal tax deduction, Minnesota Statutes, individual income, employer contributions, Trump accounts, federal law, gross income exclusion, 1183
AL
Alabama 2025 Regular Session
Alabama Senate Finance and Taxation General Fund Committee May 1st, 2025
Finance and Taxation General Fund
Keywords:
state employees, meal allowance, per diem, travel expenses, Alabama law, HB542, district attorney, prosecutor, supernumerary district attorney, Employees' Retirement System, ERS, Alabama retirement, public employee retirement, pension, retirement benefits, post-retirement employment, salary cap, dual participation, double dipping, District Attorneys' Plan
MN
Minnesota 2025-2026 Regular Session
House Veterans and Military Affairs Division 3/11/26
Veterans and Military Affairs Division
Transcript Highlights:
- House File 3727 talks about an exclusion for homestead property values for disabled veterans at 200,000
- House File 3727 talks about an exclusion for homestead property values for disabled veterans at 200,000
- amounts and home values under the disabled veterans homestead property tax exclusion.
- amounts and home values under the disabled Veterans, Homestead property tax exclusion.
- We advocate for an increase in the disabled veterans' homestead market value exclusion to honor their
Keywords:
veterans property tax, homestead exclusion, disabled veteran, totally and permanently disabled, service-connected disability, property tax relief, market value exclusion, surviving spouse, family caregiver, county veterans service officer, Minnesota property tax, assessment year 2027, homestead tax benefit, veterans tax exemption, DD214, VA disability rating, veterans, veterans affairs, Department of Veterans Affairs, grant standards
TX
Texas 89th Regular
Pensions, Investments & Financial Services Apr 23rd, 2025
Pensions, Investments & Financial Services
Transcript Highlights:
- The Austin Firefighter Pension Fund.
- As I'm sure you're aware, the City of Austin and Austin Fire Pension System previously had opposing pension
- Department pension operates.
- Again, I want to emphasize that this pension fund is the best performing pension fund, with over a billion
- . ...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
TX
Texas 89th Regular
Pensions, Investments & Financial Services Apr 23rd, 2025
Pensions, Investments & Financial Services
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
TX
Texas 89th Regular
Delivery of Government Efficiency Mar 19th, 2025
Delivery of Government Efficiency
Transcript Highlights:
- So even though that the fraud takes place, is it most... most commonly or not almost exclusively carried
Keywords:
cybersecurity, state command, information resources, data protection, incident response, information technology, classification officer, job descriptions, state positions, competency-based, information sharing, government efficiency, public sector, private sector, distributed ledger, title registry, real estate, property liens, pilot program, healthcare
LA
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