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Legislative Commission on Pensions and Retirement
Pension Commission yyyy-yyyy Meetings

Pension Commission 2019 to 2020 Meetings

2019 Meetings:  Feb. 26 Mar. 5 Mar. 12 Mar. 19 Mar. 26 Apr. 2 May 23 Dec. 18
2020 Meetings:  Mar. 3 Mar. 10 May 13

 
 

2019 Meetings

Date/Time Location Agenda/Meeting Materials Multimedia/Minutes
February 26, 2019
5:00 PM		 G-3 State Capitol Agenda, Materials & Action
  • Election of 2019-2020 Commission Officers
  • Discussion of 2019 priorities
 Audio
Minutes
March 5, 2019
5:00 PM		 G-3 State Capitol Agenda, Materials & Action
  • Presentations by the retirement system administrators
  • Presentation by Minnesota Management & Budget Commissioner Myron Frans
  • Presentation by State Board of Investment Executive Director Mansco Perry
 Audio
Minutes
March 12, 2019
5:00 PM		 G-3 State Capitol Agenda, Materials & Action
  • Report of the Fire State Aid Work Group
  • HF 483 (Poppe); SF 570 (Sparks): Extending the alternative allocation of fire state aid for the City of Austin
  • HF 2373 (Murphy, by request): State Auditor's Volunteer Fire Relief Association Working Group bill
  • Report of the Work Group on Relief Association Conversions and Dissolutions
 Audio
Minutes
March 19, 2019
5:00 PM		 G-3 State Capitol Agenda, Materials & Action
  • HF 2373 (Murphy, by request): State Auditor's Volunteer Fire Relief Association Working Group bill
  • LCPR19-030: Fire State Aid Work Group bill
  • HF 2310 (Sundin); SF 2366 (Rarick): PERA Statewide Volunteer Fire Plan; Authorizing the termination of plan participation and coverage; distribution of benefits
  • Revisor # 19-4692: PERA Phased Retirement Program; Eliminate sunset and annual renewal requirement
  • HF 2598 (Freiberg); SF 2490 (Jasinski): PERA; Revising the City of Minneapolis municipal contribution related to the former Minneapolis firefighters and police relief associations
  • HF 549 (Dettmer); SF 1444 (Anderson, B.): PERA; Military service credit purchase provisions
  • Revisor #19-4622: MSRS administrative bill
  • SBI's approach to environmental, social, and governance (ESG) policy, including climate change investment risk and other topics
  • HF 2329 (Long); SF 2276 (Pappas): State Board of Investment; Mandating a report on the risks posed by fossil fuel investments
  • HF 2294 (Long); SF 2277 (Pappas): Requiring the State Board of Investment to divest fossil fuel investments
 Audio
Minutes
March 26, 2019
5:00 PM		 G-3 State Capitol Agenda, Materials & Action
  • HF 2512 (Long); SF 2515 (Dziedzic): PERA; Revising the employer supplemental and state contributions to PERA related to the former MERF Division
  • HF 2387 (Murphy, by request); SF 2488 (Rosen): PERA; Extending the 1997 state aid to local governments to fund increased employer contributions to PERA
  • HF 2631 (Nelson); SF 2621 (Senjem): Local government supplemental plan contribution restriction exemption for union building trades personnel
  • Overview of the Individual Retirement Account Plan (IRAP), TRA coverage election, and Supplemental Retirement Plan
  • HF 2683 (Murphy, by request); SF xxxx: MnState; Eliminating the expiration of an early retirement incentive; making nonsubstantive style and form changes
  • HF 2489 (Murphy, by request); SF xxxx: MnState IRAP; Employee contribution rate increase
  • HF 2671 (Nelson); SF 243 (Frentz): MnState IRAP; Employer contribution rate increase
 Audio
Minutes
April 2, 2019
5:00 PM		 G-3 State Capitol Agenda, Materials & Action
  • HF 2683 (Murphy, by request); SF xxxx: MnState; Eliminating the expiration of an early retirement incentive; making nonsubstantive style and form changes
  • 2019 Omnibus Bill: Delete-all amendment H2632-1A to HF2632 (Murphy); SF 2583 (Rosen)
 Audio
Minutes
May 23, 2019
5:00 PM		 10 State Office Building Agenda, Materials & Action
  • Approval of April 2, 2019, meeting minutes.
  • Motion LCPR19-M1: Approval of the Appendix for the LCPR Standards for Actuarial Work
  • LCPR19-035: Pension Bill Draft
 Audio
Minutes
December 18, 2019
5:00 PM		 10 State Office Building Agenda, Materials & Action
  • Appointment of the Commission's new actuary
  • Update on actuarial valuations, experience studies, and legislative proposals from the pension funds (MSRS, PERA & TRA)
  • Update on interim projects 3
 Audio
Minutes

2020 Meetings

Date/Time Location Agenda/Meeting Materials Multimedia/Minutes
March 3, 2020
5:00 PM		 10 State Office Building Agenda, Materials & Action
  • Introduction of new LCPR actuary and 2020 actuarial work plan
  • Approval of motions related to actuarial assumptions and reporting requirements: Motions LCPR20-M1 to waive 30-year projection requirement for one year for MSRS General, PERA General, and TRA, and LCPR20-M2: to approve actuarial assumptions for MSRS, PERA, and TRA
  • HF 3272 (Albright): State Board of Investment; Authorizing certain investments; exempting liquid alternatives from restriction
  • Presentation by State Board of Investment: Update on investment returns and Overview of "Climate Change Risk Investment Discussion" report
  • HF 3903 (Murphy); SF 3808 (Rosen): Minnesota State Retirement System (MSRS) 2020 administrative bill
  • HF 3752 (Her); SF 3805 (Jasinski): Teachers Retirement Association (TRA) 2020 administrative bill
  • HF 3777 (Her); SF 3672 (Rosen): State Auditor's investment disclosure and reporting bill; Revising reporting requirements
  • HF 3788 (Nelson, M.); SF 3658 (Senjem): Authorizing contributions by the City of St. Paul and Independent School District No. 625, St. Paul, to multiemployer plans.
    HF 3789 (Nelson, M.); SF 3659 (Senjem): Revising the exclusions from PERA General plan coverage
 Audio
Minutes
March 10, 2020
5:00 PM		 Room 10
State Office Building		 Agenda, Materials & Action
  • HF4018 (Carlson, A.); SF4066 (Rosen): PERA; Extending the 1997 state aid to local governments to fund increased employer contributions to PERA
  • HF4301 (Her); SF4202 (Dahms): PERA administrative bill.
  • HF4298 (Nelson, M.); SF4203 (Rosen): PERA P&F; Amending disability provisions
  • HF4300 (Her); SF4201 (Jasinski): PERA Privatizations; Amending augmentation for privatized employees; amending the calculation of liability for privatizing medical facilities; administrative provisions.
  • HF4297 (Freiberg): PERA Statewide Volunteer Fire Plan administrative bill
  • HF2937 (Fischer); SF3087 (Wiger): PERA P&F; Service credit purchase for a Maplewood firefighter
 Audio
May 13, 2020
8:30 AM		 Remote Hearing Agenda, Materials & Action
  • 2020 Pension and Retirement Bill
 Audio/Video
Minutes