March 10, 2026, Pension Commission Meeting

Agenda

***Revised on 3/10/26***

1. Approval of the March 3, 2026, meeting minutes. ‑ Approved
    
2. Annual Update from the State Board of Investment.
   • Jill Schurtz, Executive Director/CIO
     • SBI Presentation: SBI Overview
   • Testifiers:
     • David Kubes
     • Mark Haveman, Executive Director, Minnesota Center for Fiscal Excellence
        
3. Report on the Minnesota Secure Choice Retirement Program.
   • Chad Roberts, Executive Director

     • Secure Choice Presentation: Program Update
        

4. SF 3897 (Gustafson); HF 3703 (Nadeau): Modifying the process for terminating a firefighter relief association retirement plan. ‑ Laid over
   • Amendment S3897-1A ‑ No action
   • Amendment S3897-2A ‑ No action
   • Amendment S3897-3A ‑ Failed
   • SF3897-HF3703 Summary
   • Testifiers:
     • Julie Blaha, MN State Auditor
     • Troy Denneson
     • Matt Percy, Mayor, Circle Pines
     • Patrick Antonen, City Administrator, Circle Pines
     • Russ Koski, Council Member, Centerville
     • Athanasia Lewis, City Administrator, Centerville
     • Brent Hood, Treasurer, Centennial Fire Relief Association
     • Darren Eckart, President, Centennial Fire Relief Association
     • Michael Walstien, paid on-call firefighter, member of the State Auditor's Fire Relief Association Working Group.
     • Brian Rice, attorney for Circle Pines Firefighters Relief Association, Rice, Walther & Mosley LLP
        
5. Revisor No. 26-07426 (O'Driscoll): Teachers Retirement Association (TRA); requiring the employer of a reemployed annuitant to make employer contributions to TRA.  
   • Revisor No. 26-07426 Summary
      
6. Report from MN State and the SBI on missing IRAP account for SF 1213 (Miller); HF 2117 (Repinski): Special legislation requiring MN State to find an individual's IRAP account or pay $25,000.
   • Amendment S1213-1A - adopted by the Commission on March 3
   • SF1213-HF2117 Summary
      
7. If time permits:
7. Revisor No. 26-07226 (Nadeau): TRA Administrative bill; adding "physician assistant" to list of medical providers for disability applications.
   • Revisor No. 26-07226 Summary
      

PUBLIC TESTIMONY: Persons interested in testifying must email Mollie Pierson at mollie.pierson@lcpr.mn.gov by 4:00 PM on Monday, March 9, identifying the specific agenda item on which you would like to testify, your name, organization and title (if applicable), email address, and phone number. Testimony is limited to the items on the agenda. To submit written testimony on an agenda item, please submit documents to the Commission staff (mollie.pierson@lcpr.mn.gov) by 4:00 PM on Monday, March 10,.

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