April 7, 2026, Pension Commission Meeting

Agenda

1. Approval of the March 24, 2026, meeting minutes.
    
2. SF4765 (Rasmusson); HF4429 (Nadeau): TRA and SPTRFA; lowering the age at which a TRA member may enter into a return-to-work agreement; extending the suspension of the earnings limitation for retired teachers who return to teaching.
   • SF4765-HF4429 Summary
      
3. SF4588 (Frentz); HF4517 (Lillie): MSRS, PERA, TRA; moving investment return assumption for calculating joint and survivor annuities from statute to the Standards' Appendix.
   • SF4588-HF4517 Summary
      
4. SF4587 (Westlin); HF4694 (O'Driscoll): Eliminating the requirement that 403(b) and 457(b) vendors and administrators annually file investment fees and rates of return with the LCPR.
   • SF4587-HF4694 Summary
      
3. HF4402 (Jordan): PERA General; special legislation authorizing purchase of service credit for periods of omitted service.
   • HF4402 Summary
      
4. SF4721 (Frentz); HF4514 (Lillie): PERA Correctional; reducing the employee and employer contribution rates and increasing the postretirement adjustments.
   • SF4721-HF4514 Summary
      
7. SF3828 (Limmer); HF3512 (Robbins): Special Legislation for the Maple Plain Fire Department; revising the allocation of surplus assets to firefighters upon termination from the Statewide Volunteer Firefighter Plan.
   • Amendment S3828-1A - adopted by Commission on March 3
   • SF3828-HF3512 Summary
      

PUBLIC TESTIMONY: Persons interested in testifying must email Mollie Pierson at mollie.pierson@lcpr.mn.gov by 4:00 PM on Monday, April 6, 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, April 6.

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