April 8
5:30 PM |
Room 1200 Minnesota Senate Building |
Agenda, Materials & Action
- Approval of April 1, 2025, meeting minutes.
- SF 2640 (Maye Quade); HF 2367 (Nadeau): Implementing the labor agreement between the State and SEIU Healthcare Minnesota and Iowa for individual providers of direct support services; establishing the Minnesota Caregiver Retirement Fund Trust.
- SF 2000 (Gustafson); HF 1582 (Wolgamott): TRA; Providing an unreduced retirement annuity upon reaching age 60 with 30 years of service, modifying the early retirement reduction factors, increasing postretirement adjustments, increasing employer contribution rates, and appropriating money.
- SF 3239 (Abeler); HF 2318 (Nadeau): TRA; Providing an unreduced retirement annuity upon reaching age 62 with 30 years of service, increasing employer contribution rates, and appropriating money.
- SF 2992 (Pratt); HF 2329 (Nadeau): TRA; Lowering the age from 62 to 60 for the enhanced early retirement reduction.
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April 1
5:30 PM |
Room 1200 Minnesota Senate Building |
Agenda, Materials & Action
- Approval of March 25, 2025, meeting minutes
- SF 1122 (Frentz); HF 139 (O’Driscoll): PERA Police and Fire Plan; State Patrol Plan; Increasing postretirement adjustments; eliminating the waiting period for a postretirement adjustment for the PERA Police and Fire Plan
- SF 3192 (Frentz); HF 2821 (O'Driscoll): PERA General Plan; Increasing the postretirement adjustment; revising the expiration of the additional employer contribution
- Bill draft LCPR25-031 (Pappas/Her): PERA; Expanding the privatization chapter to cover all governmental subdivisions that privatize, not just medical facilities; modifying the withdrawal liability calculation (later introduced as SF 3355-Pappas)
- Report of the Amortization Work Group
- Bill draft LCPR25-030: Firefighter Relief Associations; Repealing the Investment Business Recipient Disclosure annual reporting requirement
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Minutes |
March 25
5:00 PM |
Room 123 Capitol |
Agenda, Materials & Action
- Approval of the March 18, 2025, meeting minutes
- HF 2237 (O’Driscoll): MSRS; Increasing the formula multiplier for the MSRS General Plan; increasing the postretirement adjustment for the General, Legislators, and Unclassified Plans
- HF 2386 (O’Driscoll): PERA Administrative bill
- SF 1556 (Bahr); HF 708 (Scott): PERA; Adding a correctional plan member to the PERA board of trustees
- SF 1986 (Kupec); HF 1779 (Wolgamott): PERA and MSRS General plans; Authorizing an unreduced early retirement annuity for probation agency employees
- Revisor #25-04680: Minnesota Secure Choice Retirement Program; Administrative bill
- Revisor # 25-04681: Minnesota Secure Choice Retirement Program; Adding penalties for noncompliance
- SF 2379 (Rasmusson); HF 2022 (Berg): Minnesota State; Higher education supplemental retirement plan; Increasing the supplemental plan employer match maximum
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Minutes |
March 18, 2025
5:15 PM |
Room 1200, Minnesota Senate Building |
Agenda, Materials & Action
- Approval of the March 11, 2025, meeting minutes
- Presentation by the State Board of Investment (SBI).
- Update from the Commission Actuary, including an overview of the recently published 2022-2023 Public Retirement Plan Portability Assumptions Study.
- Mandatory annual reporting to the Commission (continued from 3/11 meeting).
- SF 1341 (Pappas); HF 1828 (Cha): Recommendations of the State Auditor’s Fire Relief Association Working Group.
- SFxxxx-HF2395 (Huot): Firefighter relief associations; Increasing the maximum lump-sum service pension amount from $15,000 to $20,000 for each year of service credited.
- SF xxxx; HF 1889 (O’Driscoll): Minnesota State Retirement System administrative bill.
- SF xxxx; HF 2237 (O’Driscoll): MSRS; Increasing the formula multiplier for the MSRS General Plan; increasing the postretirement adjustment for the General, Legislators, and Unclassified Plans.
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Minutes |
March 11, 2025
5:00 PM |
Room 123 Capitol |
Agenda, Materials & Action
- Introduction of Commission members and staff
- Election of 2025-2026 Commission officers
- Approval of April 29, 2024, meeting minutes
- Appointment of Commission actuary
- Presentations by the executive directors of MSRS, PERA, TRA, and St. Paul Teachers
- Mandatory reporting to the Commission
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Minutes |
Minnesota Legislature