January 31, 2017
5:30 pm |
Room G-3
State Capitol |
Agenda, Materials & Action
- Election of 2017-2018 Commission officers.
- Update on Minnesota public pension plan asset investment performance.
- Update on the Governor's Blue Ribbon Panel on Pension Reform and the Blue Ribbon Panel Report.
- Pensions 101: Overview of the Pension Commission and public pensions; Commission staff and Deloitte Consulting.
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Audio
Minutes: (PDF / HTML)
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February 7, 2017
5:30 pm |
Room G-15
State Capitol |
Agenda, Materials & Action
- Overview of the Governor's budget as it relates to Minnesota public pension plans; Myron Frans, MMB Commissioner.
- S.F. xxxx; H.F. xxxx: MSRS financial solvency measures.
- S.F. xxxx; H.F. xxxx: PERA financial solvency measures.
- S.F. xxxx; H.F. 722 (Murphy, M.): TRA financial solvency measures.
- S.F. xxxx; H.F. xxxx: SPTRFA financial solvency measures.
- Statewide General Employee Pension Plans, Benefit Analysis and Possible Cost Savings Changes.
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Audio
Minutes: (PDF / HTML)
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February 14, 2017
5:30 pm |
Room G-15
State Capitol |
Agenda, Materials & Action
- Public testimony on S.F. xxxx; H.F. xxxx: SPTRFA financial solvency measures.
- Public testimony on S.F. 930 (Rosen); H.F. 722 (Murphy, M.): TRA financial solvency measures.
- Motion LCPR17-M1: Approval of actuarial assumptions for MSRS-General, MSRS-Correctional, State Patrol Plan, Legislators Plan, PERA General, PERA-Correctional, PERA-P&F, SPTRFA, and TRA.
- Review of actuarial assumption changes resulting from the Combined Service Annuity study.
- S.F. 545 (Rosen); H.F. 565 (O-Driscoll): Revised and updated 2016 Omnibus Retirement Bill.
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Audio
Minutes: (PDF / HTML)
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February 21, 2017
5:30 pm |
Room G-15
State Capitol |
Agenda, Materials & Action
- Public testimony on S.F. 1064 (Rosen); H.F. 1288 (O'Driscoll): MSRS funding proposal.
- Public testimony on S.F. 1066 (Rosen); H.F. 1090 (O'Driscoll): PERA/PERA-P&F funding proposal.
- S.F. xxxx; H.F. 1460 (O'Driscoll): MSRS administrative bill.
- S.F. xxxx; H.F. 1471 (O'Driscoll): PERA administrative bill.
- S.F. 746 (Rosen); H.F. 721 (Murphy, M.): TRA administrative bill.
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Audio
Minutes: (PDF / HTML) |
February 28, 2017
5:30 pm |
Room G-15
State Capitol |
Agenda, Materials & Action
- Discussion of the benefits and features of MSRS-General, PERA-General, and TRA - Staff presentation on possible benefit changes and cost savings.
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Audio
Minutes: (PDF / HTML) |
March 7, 2017
5:30 pm |
Room G-15
State Capitol |
Agenda, Materials & Action
- Presentation on Public Employees Retirement Association privatizations.
- S.F. 1705 (Rosen); H.F. 2126 (O'Driscoll): MSRS; Revising augmentation rates for certain terminated privatized employees (Fairview).
- S.F. 436 (Pappas); H.F. 977 (O'Driscoll): MSRS-Correctional; Including additional Department of Corrections employees in plan coverage.
- S.F. 522 (Frentz); H.F. 637 (Johnson, C.): MSRS-Correctional; Including additional Department of Human Services employees in plan coverage.
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Audio
Minutes |
March 14, 2017
5:30 pm |
Room G-15
State Capitol |
Agenda, Materials & Action
- S.F. 26 (Sparks); H.F. 11 (Poppe): Austin Fire Relief Association/PERA-P&F; Permitting an alternative allocation of fire state aid for the city of Austin.
- S.F. 1945 (Lourey); H.F. 2092 (Rarick): PERA-SVFRP; Permitting the city of Brook Park to lower the service pension level under the statewide plan.
- S.F. xxxx; H.F. xxxx: VFRAs; Requiring municipal ratification of benefit increases by volunteer firefighter relief associations if the municipality makes contributions.
- S.F. 1384 (Rosen); H.F. 1672 (Murphy): Volunteer firefighter relief associations (VFRAs); Implementing the recommendations of the Volunteer Fire Relief Association Working Group.
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Audio
Minutes: (PDF / HTML) |
March 21, 2017
5:30 pm |
Room G-15
State Capitol |
Agenda, Materials & Action
- S.F. 1864 (Simonson); H.F. 2390 (Murphy, M.): Modifying provisions for purchasing salary or service credit for periods of workers' compensation.
- S.F. xxxx; H.F. 2236 (Thissen): Local police & fire plans; Adjusting benefits for former members and surviving spouses of former members of a local salaried police and fire relief association.
- S.F. 1839 (Miller); H.F. xxxx: Authorizing a Winona State University employee to elect prospective and retroactive TRA coverage.
- "Keeping the Promise: Securing Retirement Benefits for Current and Future Public Employees" - Kim Crockett, Vice President, Senior Policy Fellow and General Counsel, Center of the American Experiment.
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Audio
Minutes: (PDF / HTML) |
April 6, 2017
CANCELLED |
Room G-15
State Capitol |
CANCELLED
Ms. Antonelli's flight was canceled due to inclement weather
Agenda
Meet & Greet on the Minnesota Secure Choice Retirement Program proposed in S.F. 2303 (Pappas); H.F. 2570 (Becker-Finn)
Special Guest: Angela M. Antonelli, Executive Director Georgetown Center for Retirement Initiatives |
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April 18, 2017
5:30 pm |
Room G-15
State Capitol |
Agenda, Materials & Action
- S.F. 2233 (Rosen); H.F. 2486 (O'Driscoll): MSRS, TRA, SPTRA; Governor's funding proposal.
- SF xxxx; HF xxxx: VFRAs/PERA-SVFRP; Permitting relief association withdrawal from the statewide plan in order to join a volunteer firefighter relief association.
- Deloitte Consulting: Review of the 2016 Actuarial Valuations and TRA Replication Valuation.
- Motion LCPR17-M2 regarding actuarial valuations
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Audio
Minutes: (PDF / HTML) |
April 25, 2017
5:30 pm |
Room 1200
Minnesota Senate Building |
Agenda, Materials & Action
- MSRS-Unclassified; Change in factors for converting an account to an annuity (eff. 7/1/17).
- S.F. 1384 (Rosen); H.F. 1672 (Murphy): Volunteer firefighter relief associations (VFRAs); Implementing the recommendations of the Volunteer Fire Relief Association Working Group.
- S.F. 1705 (Rosen); H.F. 2126 (O'Driscoll): MSRS; Revising augmentation rates for certain terminated privatized employees (Fairview).
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Audio/Video
Minutes |
May 8, 2017
5:30 pm |
Room 123
State Capitol |
Agenda, Materials & Action
- LCPR17-035 (Murphy, M.): PERA; Authorizing an eligible Duluth township employee to elect PERA general plan coverage and receive retroactive coverage.
- LCPR17-036 (Murphy, M.): MSRS-Unclassified; Grandfathering current factors used in the calculation of annuities under the MSRS Unclassified Program.
- S.F. 1705 (Rosen); H.F. 2126 (O'Driscoll): MSRS; Revising augmentation rates for certain terminated privatized employees (Fairview).
- LCPR17-038; Minnesota public employee pension plans; Benefit and contribution changes.
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Audio
Minutes |
May 10, 2017
8:30 am |
Room 1150
Minnesota Senate Building |
Agenda, Materials & Action
- LCPR17-035 (Murphy, M.): PERA; Authorizing an eligible Duluth township employee to elect PERA general plan coverage and receive retroactive coverage.
- LCPR17-036 (Murphy, M.): MSRS-Unclassified; Grandfathering current factors used in the calculation of annuities under the MSRS Unclassified Program.
- S.F. 1705 (Rosen); H.F. 2126 (O'Driscoll): MSRS; Revising augmentation rates for certain terminated privatized employees (Fairview).
- LCPR17-038; Minnesota public employee pension plans; Benefit and contribution changes.
- Final action on the 2017 Omnibus Retirement Bill.
- Motion LCPR17-M3: MSRS, PERA, and SPTRFA; Assumptions for salary and payroll growth.
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Audio
Minutes |
September 20, 2017
2:00 pm |
Room G-15
State Capitol |
Agenda, Materials & Action
- Report from the pension fund executive directors:
- What impact does the 15.1% investment return for FY 2017 have on the funded status of the pension plans?
- How much did the 2017 veto of the pension bill cost the pension plans?
- Presentation summarizing national economic forecasts and thoughts on pension plan discount rate.
- Laura Kalambokidis, Minnesota State Economist
- Report on the Combined Funds' investment rate of return for FY 2017.
- Mansco Perry, Executive Director, State Board of Investment
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No audio
(recording malfunction)
Minutes |
Minnesota Legislature