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Legislative Commission on Pensions and Retirement


  MEETING: Legislative Commission on Pensions and Retirement
PLACE: Room 15 Capitol
DATE: February 14, 2006
TIME: 9:00 - 11:00 a.m.

 

REVISED AGENDA:

Updated: (ld)

 

1. SF 375 (Larson); HF 446 (Moe): MSRS; MSRS-General Coverage for Bug-O-Na-Ge-Shig School Employee  Staff Memo  (removed from the agenda)
SF 2360 (Koering); HF xxx: Randall Firemen's Relief Association; Increased Surviving Spouse Benefit for the Spouse of Firefighter Killed in a Construction Accident (rescheduled to 2/15 meeting)
2. SF xxx; HF 2570 (Paulsen): Service Credit for Teachers on Active Military Service
Staff Memo   No action
3. SF 2239 (Pogemiller); HF 2362 (Smith): MTRFA; Revising Investment Authority
Staff Memo   Not heard
4. SF 2428 (Pappas); HF xxx (Thissen): Public Pension Plans Reporting Requirements and Authorized Investment Provisions Modifications
Staff Memo   No action
5. SF 2462 (Pogemiller); HF xxx: Judges Plan; Providing a Joint and Survivor Annuity Option to Surviving Spouses of Deceased Judges
Staff Memo   Passed as amended (A1, & verbal amendment to include Legislators Plan)
6. SF 2378 (Pogemiller); HF xxx: PERA; Privatized Medical Facility Employees Augmentation Interest Rate Modifications
Staff Memo   Passed as amended (A1)
7. SF 2387 (Murphy); HF xxx: PERA; Cannon Falls Hospital Privatization
Staff Memo   Passed
8. SF 2443 (Dille); HF xxx (Urdahl): PERA; Dassel Community Home Privatization
Staff Memo   Passed
9. SF 2394 (Pogemiller); HF xxx: Supplemental Defined Contribution Plans; Increased Contribution Maximum and Inclusion of Laborer’s Local Pension Plan
Staff Memo   Passed as amended (A2)
10. SF 2461 (Pogemiller); H.F. xxx: Modifying Disability Benefits Eligibility Requirements
Staff Memo   Passed as amended (A1)
11. SF 2463 (Pogemiller); HF xxx: Authorizing Social Security and Medicare Referenda; Allowing Retroactive Coverage
Staff Memo   Passed
12. SF 2379 (Pogemiller); HF xxx: PERA Administrative Provisions 
Staff Memo   Passed as amended (A4, A5, A8, and A13)
13. SF 2359 (Pogemiller); HF xxx: MnSCU Administrative Provisions
Staff Memo   Passed as amended (A3)
14. SF xxx; HF 2577 (Mullery): MPRA; Successor Trust Fund Terms Defined, Salary Limits and Compensation of Board Members and Officers Adjusted, & Additional Investment Authority   Passed as amended (Section 2 passed as amended to include a separate local approval clause; Section 3 passed)
Staff Memo
15. Minneapolis Firefighters Relief Association Mortality Assumptions
Staff memo     Passed
MFRA Mortality Experience Study Report  
11/30/2005 Van Iwaarden Letter  
11/04/2005 Mpls. Finance Dept. Letter
12/19/2005 J. Moir Testimony
16. SF xxx; HF xxx: State Auditor Investment Report Recommendations
Staff Memo   No action, continued to 2/15 meeting
17. Portions of S.F. 427 (Betzold), 2nd Eng., the 2005 Omnibus Retirement Bill, Removed by House Floor Amendment:   Not heard
  • Revision/Update of the Legislators Retirement Plan (Article 1, Sections 1-29, 84)
  • Revision/Update of the Elective State Officers Retirement Plan (Article 1, Sections 30-33, 84)
  • Revision/Update of the Judges Retirement Plan (Article 1, Sections 34-85)
  • Expansion of Supplemental Retirement Plan Employer Contribution Amounts (Article 10)
  • Statewide Volunteer Firefighter Retirement Plan Study Task Force (Article 11, Section 16)
  • MERF Internal Lending Authority (Article 14)
18. Other Items as Designated by the Commission Chair: