Video & Transcript : 'vesting' :
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AZ
Arizona 2026 Regular Session
03/23/2026 - House Public Safety & Law Enforcement
Public Safety & Law Enforcement
Transcript Highlights:
- Cruz is asking is whether you guys would be open to making, maybe putting some sort of statutory vesting
- I know there's already an agreement, but I do want to look into the vesting part for myself.
- I'm intrigued by Representative Cruz's vesting period idea rather than leaving that to the sole discretion
Committees:
House Public Safety & Law Enforcement , House House Public Safety & Law Enforcement Committee of Reference
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
OK
Oklahoma 2026 Regular Session
Banking, Financial Services and Pensions Feb 10th, 2026 at 03:00 pm
Banking, Financial Services and Pensions
Transcript Highlights:
- It started out fairly simply as a change to contribution amounts and vesting schedule.
- It eliminates vesting delays so employees keep what the state contributes and.
- One quick question: by removing the vesting option in this, are we opening up Pandora's box for every
- I think vesting schedules generally have been used historically as retention tools.
- You're completely vested. New hires, all it all new hires fall under what's written in this bill.
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
AZ
Committees:
Senate Finance , Senate Senate Finance Committee of Reference
Keywords:
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, recruitment incentive, employer contribution, employee contribution, vesting, annuity account
OK
Oklahoma 2026 Regular Session
Retirement and Government Resources REVISED Feb 17th, 2026 at 10:30 am
Retirement and Government Resources
Transcript Highlights:
- The nursing homes are putting into Oprah's, and you got to be there, several years to get vested.
- And when you have this high turnover, before your employees last several years, they don't get vested
Bills:
SB134 , SB1356 , SB1407 , SB1611 , SB1639 , SB169 , SB1722 , SB182 , SB1870 , SB2039 , SB432 , SB609 , SB715 , SB716
Committee:
Senate Retirement and Government Resources
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
OK
Oklahoma 2026 Regular Session
Government Oversight REVISED - HB3852 -Added Mar 5th, 2026 at 10:30 am
Government Oversight
Transcript Highlights:
- Municipal police officer jobs, and this will allow them to vest with other pensions.
- It also eliminates the vesting schedule. Employees. Are vested 100% from day one.
- Current employee that's 40% vested, this automatically vests them up to 100%.
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
Committee:
House Government Oversight
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
OK
Oklahoma 2026 Regular Session
Senate Legislative Session Feb 17th, 2026 at 01:30 pm
Oklahoma Senate Floor Meeting
Bills:
SB843 , SB1733 , SB1476 , SB1237 , SB1410 , SB1894 , SB1272 , SB1204 , SB1721 , SB1725 , SB1735 , SB1337 , SB1339 , SB1461 , SB1975 , SB1450 , SB1458 , SB1232 , SB1238 , SB1325 , SB1209 , SB1362 , SB2072 , SB1451 , SB1540 , SB1581 , SB1535 , SB1266 , SB1927 , SB1460 , SB2084 , SB2182 , SB392 , SB985 , SB1265 , SB1283 , SB1441 , SB1307 , SB1425 , SB1826 , SB1365 , SB1696 , SB1870 , SB1722 , SB1639 , SB715 , SB716 , SB182 , SB609 , SB169 , SB134 , SB1611 , SB432 , SB1407 , SB2039 , SB1356 , SB1288 , SB2019 , SB1705 , SB1878 , SB2118
Keywords:
school boards, educational governance, conflict of interest, employee relations, Oklahoma statutes, child abuse, reporting requirements, sexual misconduct, law enforcement, school personnel, confidentiality, student safety, land office, land exchange, investment, education funding, real estate management, Teachers' Bill of Rights, education, teachers' rights
OK
Oklahoma 2026 Regular Session
House of Representatives Second Regular Session of the 60th Legislature Day 6 Feb 10th, 2026 at 09:30 am
Oklahoma House Floor Meeting
Bills:
HB3281 , HB3320 , HB3081 , HB3127 , HB3128 , HB3498 , HB2035 , HB3765 , HB4324 , HB3678 , HB4170 , HB3495 , HB3040 , HB3062 , HB4140 , HB4106 , HB4109 , HB4104 , HB3581 , HB3620 , HB3942 , HB3279 , HB3378 , HB3383 , HB3413 , HB3414 , HB3415 , HB3420 , HB3130 , HB3700 , HB3379 , HB3129 , HB3132 , HB3315 , HB2950 , HB3242 , HB3041 , HB4428 , HB4429 , HB1064 , HB3265 , HB3721 , HB3028 , HB3313 , HB3588 , HB3020 , HB3724 , HB3392 , HB3466 , HB4060 , HJR1074 , HB3501 , HJR1070 , HB3794 , HB3796 , HB3928 , HB2955 , HB4453 , HB4460 , HB4128 , HB3659 , HB3270 , HB3145
Keywords:
administrative procedures, guidance documents, transparency, public inspection, rulemaking, sunset laws, statutory entities, regulatory compliance, emergency provisions, board re-creation, fire extinguisher, licensing, public safety, age qualification, State Fire Marshal, medical marijuana, employment rights, safety-sensitive positions, workplace policies, public assistance
WA
Washington 2025-2026 Regular Session
House Local Government Jan 16th, 2026
Transcript Highlights:
- If a completed building permit application is submitted during the vesting period, then the vesting period
- Section 2 deals with vesting, and if a project permit application or a building permit vests, certain
- These games are attempting to blur the lines of vesting today.
- These games are attempting to blur the lines of vesting today.
- I urge you to maintain the current vesting standards, using the date of application as the current vesting
Summary:
The committee heard public testimony on several housing, building code, and permitting bills. HB 2228 would direct the State Building Code Council to convene a technical advisory group to recommend code amendments allowing scissor stairs in buildings with more than two dwelling units. Supporters, including architects, builders, and housing advocates, said scissor stairs could improve safety, reduce corridor and stair footprint, lower costs, and allow more efficient and denser housing layouts. The bill was then closed to public hearing.
HB 2381 would create a performance-based code pathway for low-rise residential buildings and allow recognition of third-party certifications. The chair described it as a move from prescriptive to performance-based standards, with flexibility for builders and potential alignment with clean building goals. The Building Industry Association of Washington opposed the bill as written, saying the main need is a performance pathway in the energy code rather than the IBC, while FutureWise supported the concept but urged caution about the complexity and timeline of converting code to performance-based standards. The public hearing on HB 2381 was closed after testimony.
HB 2418 would change permit review processes, including vesting rules for residential project permits in urban growth areas, pausing review clocks in certain circumstances, extending timelines to other fee-charging reviewing entities, and requiring a single permit responsible official and point of contact by 2027. Builders, developers, and housing advocates generally supported the bill’s coordination and timeline provisions, saying they would reduce delays and costs, though several groups raised concerns about the vesting section and completeness definitions. FutureWise and county representatives warned the vesting changes could create litigation or records issues, while the sponsor said the vesting portion might be reconsidered. The committee also heard HB 2273, which would require embodied carbon reduction standards for larger building projects through reuse, product-based reductions, or whole-building life-cycle assessment. Support came from architects, Commerce, and environmental justice advocates, who said the bill would reduce climate impacts and encourage innovation; opponents from the concrete and aggregate industry and a taxpayer group raised concerns about costs, supply-chain issues, conflicts with other legislation, and exemptions such as for schools. No votes were taken, and the committee adjourned after closing the public hearings.
WA
Washington 2025-2026 Regular Session
House Local Government Jan 16th, 2026 at 10:30 am
Local Government
Transcript Highlights:
- If a completed building permit application is submitted during the vesting period, then the vesting period
- Section 2 deals with vesting, and if a project permit application or a building permit vests, the certain
- I agree with a lot of what was said about vesting requirements.
- These games are attempting to blur the lines of vesting today.
- I urge you to maintain the current vesting standards, using the date of application as the current vesting
Committee:
House Local Government
Keywords:
building code, safety regulations, construction, scissor stairs, state standards, embodied carbon, building materials, sustainability, environment, permit review, project permits, land use, zoning, development regulations, residential development, housing permits, affordable housing, local government, county planning, city planning
MN
Minnesota 2025-2026 Regular Session
Legislative Commission on Pensions and Retirement - 04/14/26
Minnesota Senate Floor Meeting
Transcript Highlights:
- </c> and we have a 20-year vesting schedule. and we have a 20-year vesting schedule.
- > fire department full vesting fire department full vesting requirements<01:42:54.440><c> with</c><01
- </c> vesting schedule. Thank you. vesting schedule. Thank you.
- And I think that that's one vested.
- </c><01:53:27.000><c> 20-year</c><01:53:27.520><c> vesting,</c> information on this. 20-year vesting,
WA
Washington 2025-2026 Regular Session
Select Committee on Pension Policy Jun 16th, 2026 at 10:00 am
Select Committee on Pension Policy
Transcript Highlights:
- If they are not yet vested, the contributions will come back to them.
- The original design included a 10-year vesting for members under age 55.
- But we will talk more about the Plan 3 vesting in subsequent slides.
- , and the terminated vested salary protection.
- Looking at vesting, it's pretty simple for Plan 2: it's five years.
Committee:
Joint Select Committee on Pension Policy
ID
Transcript Highlights:
- So, I kind of forgot my vest.
- , no vest.
- And I'm wearing the vest of shame. I'm wearing the vest of shame. And the badge of shame.
- Izzy forgot her vest. Yes, I cannot. Has she forgotten her vest?
- That's not her vest. Yeah, that's not her vest.
MN
Minnesota 2025-2026 Regular Session
House repasses conference committee agreement on HF2446 5/18/25
Transcript Highlights:
- He asked something about what this vest cost, and I said, "Well, I got this vest when I bought a corn
- So, actually, this vest cost me $350,000. So, that's what a corn planter can cost.
- And they threw in the vest, and I said, "Thank you."
- ><c> me</c> actually, this vest cost me actually, this vest cost me $350,000.<00:20:35.840><c> So,</c
- vest and I<00:20:39.360><c> said,</c><00:20:39.440><c> "Thank</c><00:20:39.760><c> you."
Summary:
The House took up the conference committee report on House File 2446, the agriculture budget bill for the Department of Agriculture. Representative Anderson explained that the conference agreement kept the core House and Senate priorities while accepting some Senate policy provisions and fee increases, including grain license fees and food handling fees. He said the overall target was reduced, but major programs were preserved, including funding for the Board of Animal Health, egg emergency and inspection programs, elk and wolf compensation, milk processing capacity, farm safety and innovation, a new bioefficiency program to reduce fertilizer use in limited areas, and increased meat inspection funding.
Representative Hansen and several other members urged adoption, describing the bill as a bipartisan “hybrid” that reflects changing agriculture and includes both traditional farm support and newer priorities. Supporters highlighted food assistance and worker protections, including funding to offset federal cuts to local food purchasing and milk distribution programs, farm-to-school and early care programs, avian flu testing, urban agriculture, and a study to expand Olmsted County’s soil health and nitrate reduction work. Some members noted concerns about fees, while others emphasized support for all types of agriculture, cottage food bakers, and the role of farm workers.
After debate, the House adopted the conference committee report and advanced the bill. Following further discussion, the bill was repassed as amended by conference on a roll call vote of 130 ayes and 4 nays, and its title was agreed to.
MN
Minnesota 2025-2026 Regular Session
Legislative Commission on Pensions and Retirement - 04/07/26
Minnesota Senate Floor Meeting
Transcript Highlights:
- law was that you needed 5 years of service in order to be vested.
- </c><00:34:07.120><c> uh</c> current vesting uh current vesting uh is<00:34:07.840><c> required</c><00
- Or is that get to that 5-year vesting?
- who wouldn't have vested if everything would have been done correctly.
- Chair. ...wouldn't have had enough time to vest.
NM
Transcript Highlights:
- It also reduces the vesting period from eight to five years.
- First, it reduces the vesting period from eight years to five years.
- It was a straight 15 years to retirement, and it was five years to vest.
- that the vesting period is eight years and not five if our regular retirees?
- Now, you all, if this bill gets through, are now vested at five.
Committee:
House House Judiciary
LA
Transcript Highlights:
- Members, Senate Bill 143 provides relative to funding of bulletproof vests for peace officers. Mr.
- The funds are to be used exclusively for purchasing bulletproof vests for law enforcement officers.
- The funds are to be used exclusively for purchasing bulletproof vests for law enforcement officers, and
- They may already have those vests. We're not trying to double up.
- Some either don't have any vests, or they'll end up purchasing them or having them donated, then they
Committee:
House Appropriations
Keywords:
bulletproof vests, body armor, peace officers, law enforcement funding, police equipment, officer safety, local police, sheriff's office, municipal police, parish law enforcement, grant fund, special fund, Louisiana Commission on Law Enforcement, criminal justice, protective gear, NIJ standards, USMCA, small agencies, public safety, Act 739
TX
Transcript Highlights:
- I see that you have a vested interest in this and maybe having a negative effect in your community as
- I see that you have a vested interest in this and maybe having a negative effect in your community as
- I see that you have a vested interest in this and maybe having a negative effect in your community as
- I see that you have a vested interest in this and maybe having a negative effect in your community as
- I see that you have a vested interest in this and maybe having a negative effect in your community as
Bills:
HB2385 , HB3349 , HB3962 , HB3883 , HB4396 , HB4811 , HB5088 , HB4588 , HB4867 , HB4895 , HB5398 , HB5616
Committee:
House Culture, Recreation & Tourism
Keywords:
NRA, funding, major events reimbursement, annual meetings, exhibits, events trust fund, Pan American Games, Olympic Games, motor sports racing, local control, event support contract, INDYCAR, Arlington, tourism, funding eligibility, sporting events, economic impact, local governments, American Performance Horseman, American Rodeo
OK
Oklahoma 2026 Regular Session
Banking, Financial Services and Pensions Feb 10th, 2026
Banking, Financial Services and Pensions
Transcript Highlights:
- It started out fairly simply as a change to contribution amounts and vesting schedule, but has moved
- I mean, by removing the vesting, I'm just kind of curious if we're opening Pandora's box.
- I think vesting schedules generally have been used historically as retention tools.
- I think vesting schedules generally have been used historically as retention tools.
- schedule, you're completely vested.
Summary:
The Banking, Financial Services and Pensions Committee met and announced that several bills would be laid over, including HB 4225 and HB 4263, while also noting that actuarial follow-up reports on prior referrals were still being revised. The committee then worked through a long agenda, with members frequently noting schedule conflicts and the chair alternating between bills and committee business. The meeting adjourned after the agenda was completed, with the chair saying the committee would return the following week with a longer agenda, likely including additional pension bills.
Several bills related to payment processing and pension governance were heard and passed. HB 3041 would allow merchants to pass along credit card surcharges up to the amount charged by the card company, with the author noting some businesses face fees of 4% to 5%; it passed 9-0. HB 4428 and HB 4429, both dealing with shareholder proxy advisors for pension funds, passed 8-1 and 9-0 respectively; supporters said the bills would require fiduciary standards and transparency, while the speaker referenced opposition from GreenAmerica.org as evidence of the bill’s value. HB 3028, which lets technology center districts and public schools pass on credit card service fees, also passed 7-0.
The committee also advanced several pension-related measures. HB 3265, requested by the Police Pension Board, defines who qualifies as a mental health specialist for disability evaluations; testimony explained the change would let the board use psychologists because psychiatrists are harder to contract with, and the bill passed 7-0. HB 3721 would adjust the DROP benefit for public safety officers so surviving spouses can claim it if the officer dies before electing the option; the author said it has no actuarial cost, and it passed 7-0. HB 3313, a defined contribution retirement bill, would raise contribution levels, eliminate vesting delays, and add retirement planning and lifetime income options; members questioned whether it would affect retention or other retirement plans, and it passed 8-0.
Other bills addressed creditors, housing, and financial exploitation. HB 3588, a Uniform Law Commission request bill on assignment for the benefit of creditors, was described as codifying existing case law and passed 8-0. HB 1064, which would restrict large institutional investors from buying single-family homes in Oklahoma, was amended in concept during discussion to narrow the hedge fund definition and remove a resale requirement; supporters framed it as protecting homeownership, while opponents raised concerns about restricting sales and the evidence for housing impacts, and it passed 5-2. Finally, HB 3020, the Protections for Financial Exploitation of Protected Adults Act, would let financial institutions place temporary holds and act in good faith when they suspect fraud against vulnerable adults; members asked about training and safeguards, and it passed 9-0.
NH
New Hampshire 2025 Regular Session
House Executive Departments and Administration (01/30/2025)
Transcript Highlights:
- But a defined contribution plan is immediately vested. There's no vesting.
- there's no vesting immediately vested there's no vesting it's<04:03:42.800><c> a</c><04:03:42.960><c
- immediately vested.
- </c><04:50:35.440><c> or</c> employees it had who were vested or employees it had who were vested or
- </c><05:08:58.240><c> in</c> uh only 27% of people actually vest in uh only 27% of people actually vest
Summary:
The committee first took up House Bill 622, but after the sponsor said further research raised concerns, he asked that the bill be tabled. The committee then moved in executive session and voted unanimously to find the bill inexpedient to legislate, sending it to consent. The committee also retained House Bill 349, the ophthalmologic laser bill, after members said more time was needed for the professions involved to work out training standards and provide additional information; that motion also passed unanimously.
The committee then discussed House Bill 244, a municipal building/fire code recodification measure. Members said the bill needed more review and careful scrutiny because of its length and possible unintended effects, and they voted unanimously to retain it as well. House Bill 534 was then heard; the sponsor said the bill did not do what was intended because of a misunderstanding about current processing, and the committee voted inexpedient to legislate and placed it on consent.
The committee next considered House Bill 233, with an amendment to remove a requirement affecting the New Hampshire Vaccine Association. Supporters argued the bill would reduce an unnecessary burden and improve transparency, while opponents said the committee should not single out one private 501(c)(3) organization. The amendment was adopted 8-5, and the bill as amended then passed 7-6; a minority report was requested. Finally, the committee opened House Bill 536, a proposed 1.5% cost-of-living adjustment for certain state retirees. The sponsor and supporters argued retirees had not received adequate COLAs and that the bill would help offset inflation, while the retirement system testified that the proposal would add significant costs, including an estimated $1.5 million for the state, $6.6 million for political subdivisions, and about $100.7 million in present-value unfunded liability, with the impact reflected in future employer contribution rates.
NH
New Hampshire 2025 Regular Session
Committee of Conference on HB 1, HB 2 (06/13/2025)
Transcript Highlights:
- benefits that those who were vested.
- You were vested you were protected.
- </c> were any individual that was vested were any individual that was vested between<03:26:02.720><c>
- </c><03:27:34.239><c> between</c> So those people who are vested between So those people who are vested
- </c> group the 2013 is anybody who is vested group the 2013 is anybody who is vested on<03:33:12.239>
Summary:
The Committee of Conference on HB 1 and HB 2 met to review revenue estimates and begin working through the HB 1 detail change sheet. New Hampshire Lottery Director Charlie McIntyre reported stronger-than-expected lottery performance, raising the current-year return estimate to $27 million and the next biennium estimate to $200 million, with the increase attributed to improved scratch ticket sales and sports betting not hurting revenue as much as expected. Members questioned the assumptions behind the higher estimates, including the impact of $50 scratch tickets and whether the figures accounted for future conversion from historical horse racing (HHR) machines to video lottery terminals (VLTs). McIntyre and committee members discussed machine counts, per-day revenue assumptions, and the likelihood that VLT conversion would increase revenues over time, though the timing and pace of conversion remained an open question.
The committee also discussed several gaming-related policy items in HB 2, including changes to kino hours and local option games of chance, and noted that the Senate and House differed on how gaming revenues would be allocated between charities, education, and general funds. Members emphasized that revenue projections should remain conservative because operators, not the state, would control the pace of machine conversion. Representative Sweeney noted that operators could earn more per machine under the VLT model, and McIntyre said the new facilities and expansions were largely concentrated near the Massachusetts border.
The committee then moved to the HB 1 detail change sheet. It agreed to Senate position on the Department of Safety’s road toll bureau and international registration program changes, which were described as a zero-cost realignment of positions, and held the Department of Corrections section for later discussion. On the judicial side, members approved a technical footnote fix, but held a new contract counsel item for involuntary mental health admissions and deferred discussion of the public defender program increase. The committee also noted no change for the PE development authority, moved safety rest area funding from HB 2 into HB 1 with no additional cost, and flagged the tourism development fund and other judicial items as issues that may depend on overall available revenue.