January 29, 2013
4:30 pm |
Room 112, Capitol |
Agenda, Materials & Action
- Election of 2013-2014 Commission Officers.
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Audio
Minutes |
February 12, 2013
5:30 pm |
Room 112, Capitol |
Agenda, Materials & Action
- Overview of Minnesota pensions:
- Minnesota retirement plan actuary
- Minnesota State Board of Investment
- Defined benefit plan elements and terminology
- Brief introductions; Minnesota public pension plan administrators:
- Duluth Teachers Retirement Fund Association (DTRFA), J. Michael Stoffel
- Minnesota State Retirement System (MSRS), David Bergstrom
- Public Employees Retirement Association (PERA), Mary Most Vanek
- St. Paul Teachers Retirement Fund Association (SPTRFA), Paul Doane
- Teachers Retirement Plan (TRA), Laurie Hacking
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Audio
Minutes |
February 19, 2013
5:30 pm |
Room 112, Capitol |
Agenda, Materials & Action
- SF100 (Johnson); HF495 (Sanders): PERA; Revising time limits for certain coverage exclusions;
SF277 (Pappas); HF342 (Nelson): PERA; Administrative provisions.
- SF276 (Pappas); HF344 (Nelson): PERA; Privatized public hospital administrative provisions.
- SF273 (Pappas); HF343 (Nelson): PERA; Salary definition modification.
- SFxxxx; HF628 (Murphy, M.): MSRS and other plans; Revising contribution rate revision procedures, merging the Elective State Officers Retirement Plan into the Legislators Retirement Plan; revising disability benefit administrative provisions; repealing obsolete provisions.
- SF489 (Pappas); HF629 (Murphy, M.): Revising or repealing obsolete local police or paid fire relief association statutes.
- Amendments to the Commission rules (to accomodate the increased size of the Commission)
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Audio
Minutes |
February 26, 2013
5:30 pm |
Room 112, Capitol |
Agenda, Materials & Action
- SF 279 (Sieben); HF 347 (Kahn): MSRS-General; Service credit purchase and Rule of 90 eligibility for certain MSRS-General member.
- SF 280 (Pappas); HF 345 (Nelson): MSRS-General; Retirement coverage for MAPE employees.
- SF xxxx; HF 346 (Hortman): TRA; Service credit for voluntary layoff and extended leave of absence; certain Anoka-Hennepin school district teacher.
- SF 594 (Dahle); HF 705 (Bly): PERA-General; Service credit purchase for period of unreported Northfield Transit Division employment.
- SF 573 (Eaton); HF 420 (Hilstrom): Survivor designation termination allowed in public pension plans.
- SF 274 (Pappas); HF 340 (Nelson): PERA-SVF; Extend length of time for municipal action on the election of transfer to Statewide Volunteer Firefighter Retirement Plan coverage.
- SF 96 (Chamberlain); HF 156 (Dean, M.): White Bear Lake Volunteer Firefighter Relief Association; Authorize payment of retired member death benefits from the special fund.
- SF xxxx; HF xxxx (Revisor #13-1824): State Auditor's Volunteer Fire Working Group bill.
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Audio
Minutes |
March 5, 2013
7:00 pm |
Room 112, Capitol |
Agenda, Materials & Action
- Review of the July 1, 2012, actuarial valuation reports.
- S.F. 272 (Pappas); H.F. 403 (Nelson): State Patrol Plan; Contribution, vesting, post-retirement adjustments revisions.
S.F. 447 (Pappas); H.F. 618 (Nelson): PERA-P&F; PERA-Correctional; PERA plans; Modifying post-retirement adjustments trigger; modifying duty disability provisions; PERA-P&F vesting, contribution rate, early retirement reduction modifications, survivor benefit clarification, first post-retirement adjustment delay.
- S.F. 275 (Pappas); H.F. 341 (Nelson): PERA; Repealing the Social Security leveling option.
- S.F. 529 (Pappas); H.F. 650 (Nelson): TRA; Phase-in of actuarial equivalent early retirement reduction factors 2015-2019.
- S.F. 935 (Pappas); H.F. 857 (Atkins): Retirement funding; Imposing a homeowners and auto insurance policy surcharge to fund public safety employee retirement plan costs.
- S.F. 983 (Cohen); H.F. 953 (Hilstrom): Judges Retirement Plan; Financial sustainability plan provisions and contribution revisions.
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Audio
Minutes |
March 12, 2013
5:30 pm |
Room 112, Capitol |
Agenda, Materials & Action
- S.F. 273 (Pappas); H.F. 343 (Nelson): PERA; Salary definition modification.
- S.F. 275 (Pappas); H.F. 341 (Nelson): PERA; Repealing the Social Security leveling option.
- S.F. 439 (Saxhaug); H.F. 539 (Nelson): Public pension fund deductions for labor organization membership dues or payments; blind mailings authorization.
- S.F. 780 (Anderson); H.F. 963 (McDonald): PERA; Service credit purchase for a period of omitted contributions for a certain Wright County Highway Department employee.
- S.F. 935 (Pappas); H.F. 857 (Atkins): Retirement funding; Imposing a homeowners and auto insurance policy surcharge to fund public safety employee retirement plan costs.
- S.F. 1249 (Pappas); H.F. 1433 (Nelson): SPTRFA; Creating an additional state aid program; increasing employee and employer contributions; revising plan benefits.
- S.F. 1235 (Reinert); H.F. 1330 (Murphy, M.): DTRFA; Increasing employee and employer contributions; revising plan benefits.
- Amendment S0489-9A: State Board of Investment; Swap contracts authorization
- Amendment H1152-4A: VFRAs; SBI investment options.
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Audio
Minutes |
March 19, 2013
6:00 pm |
Room 112, Capitol |
Agenda, Materials & Action
- S.F. 529 (Pappas); H.F. 650 (Nelson): TRA; Phase-in of actuarial equivalent early retirement reduction factors 2015-2019.
- S.F. 1235 (Reinert); H.F. 1330 (Murphy, M.), in the form of delete-all amendment S1235-1A: DTRFA; Increasing employee and employer contributions; revising plan benefits.
- S.F. 1249 (Pappas); H.F. 1433 (Nelson): SPTRFA; Creating an additional state aid program; increasing employee and employer contributions; revising plan benefits.
- Final consideration of the 2013 Omnibus Retirement Bill I.
- Final consideration of the 2013 Omnibus Retirement Bill II.
- Actuarial assumption changes for Hutchinson Fire and New Ulm Fire
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Audio
Minutes |
April 2, 2013
4:30 pm |
Room 112, Capitol |
Agenda, Materials & Action
- S.F. 529 (Pappas); H.F. 650 (Nelson): TRA; Phase-in of actuarial equivalent early retirement reduction factors 2015-2019.
- S.F. 1235 (Reinert); H.F. 1330 (Murphy, M.) (Document S1235-E1): DTRFA; Increasing employee and employer contributions; revising plan benefits.
- S.F. 1249 (Pappas); H.F. 1433 (Nelson) (Document S1249-E2): SPTRFA; Creating an additional state aid program; increasing employee and employer contributions; revising plan benefits.
- Final consideration of the 2013 Omnibus Retirement Bill II.
- Actuarial assumption changes for Bloomington Fire Department Relief Association
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Audio
Minutes |
August 28, 2013, 1:00 pm
August 29, 2013, 9:00 am |
Room 123, Capitol |
Agenda, Materials & Action
- Review of current Minnesota defined benefit public employee retirement plan interest rate assumptions; first consideration.
- Review of current Minnesota defined benefit public employee retirement plan post-retirement adjustment mechanisms; first consideration.
- PERA minimum salary membership threshold and related membership inclusion and exclusion issues; first consideration.
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Aug. 28 Audio
Aug. 29 Audio
Minutes |
September 11, 2013, 1:00 pm
September 12, 2013, 9:00 am |
Room 123, Capitol |
Agenda, Materials & Action
September 11, 2023:
- First class city teacher retirement plan consolidation study, first consideration.
- Review of current Minnesota defined benefit public employee retirement plan interest rate assumptions; second consideration.
September 12, 2013:
- Continuation of agenda items from Wednesday, if necessary.
- Review of current Minnesota defined benefit public employee retirement plan post-retirement adjustment mechanisms; second consideration.
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Sept. 11 Audio
Sept. 12 Audio
Minutes |
October 23, 2013
12:30 pm |
Room 123, Capitol |
Agenda, Materials & Action
- S.F. 1100 (Dibble/Hayden): Metropolitan Council; MERF supplemental employer contribution obligation clarification.
- PERA minimum salary membership threshold and related membership inclusion and exclusion issues; second consideration.
- Review and reconsideration of the Commission's Principles of Pension Policy, first consideration.
- Review of Minnesota defined benefit public employee retirement plan post-retirement adjustment mechanisms; third consideration.
- Concept of benefit adequacy.
- Retiree purchasing power issues.
- Retiree cohort information.
- Survey of post-retirement adjustment procedures in comparable states.
- Correspondence from the Laura and John Arnold Foundation.
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Audio
Minutes |
November 6, 2013
1:00 pm
November 7, 2013
9:00 am |
Room 123, Capitol |
Agenda, Materials & Action
November 6, 2023:
- Review of Minnesota defined benefit public employee retirement plan post-retirement adjustment mechanisms, third consideration
- Concept of benefit adequacy.
- Retiree purchasing power issues.
- Retiree cohort information.
- Survey of post-retirement adjustment procedures in comparable states.
- Correspondence from the Laura and John Arnold Foundation.
- Alternative retirement plan design, first consideration
- Local government correctional retirement plan expansion, first consideration.
S.F. 998 (Hayden); H.F. 884 (Nelson): PERA-Correctional; Adding probation officers, 911 dispatchers, and Hennepin County security guards to plan coverage.
November 7, 2023:
- Continuation of agenda items from Wednesday.
- Other items as designated by the Commission chair:
Statewide Retirement Plan Administrators Request for Actuarial Standards Amendment Relating to the Recognition of Future Post-Retirement Adjustments
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Nov. 6 Audio
Nov. 7 Audio
Minutes |
Minnesota Legislature