2/15/06 Agenda

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

REVISED AGENDA:

Updated: (ld)

1.	SF 2047 (Michel); HF 2230 (Peterson, N.): Statewide and Local Retirement Plans Marriage Dissolution Public Pension Benefits Division Modified - No action Staff Materials
2.	SF 2247 (Skoglund); HF 2463 (Wagenius): TRA/MnSCU: Authorizing MnSCU Employee to Elect TRA Coverage and Transfer Past Service from IRAP; - No action SF 2248 (Skoglund); HF 2462 (Wagenius): TRA/MnSCU: Authorizing MnSCU Employee to Elect TRA Coverage and Transfer Past Service from IRAP - Passed as amended (verbal amendment, p. 2, delete "January" and insert "July") Staff Materials
3.	SF 235 (Betzold); HF 372 (Westerberg): PERA-P&F; Coverage for Blaine, Spring Lake Park & Mounds View Firefighters & Emergency Responders - No action Staff Materials
4.	SF 431 (Betzold); HF 2088 (Smith): First Class City Teacher Plans; Updated Sabbatical Leave Service Credit Provisions - Not passed Staff Materials
5.	SF 432 (Betzold); HF 2087 (Smith): First Class City Teacher Plans; Updated Extended Leave of Absence Service Credit Provision - Not passed Staff Materials
6.	SF 435 (Betzold); HF 2114 (Smith): Clarification and Update of Omitted Salary Deduction Recovery Provisions - No action Staff Materials
7.	~~SF xxx (Pogemiller); HF xxx: PERA; Coverage Transfer Election from PERA-Defined Contribution Plan to PERA-General for St. Paul Mayor Service~~ Staff Materials - (removed from the agenda)
8.	SF 70 (Betzold); HF 40 (Smith): Five Percent Limit on Annual Post-Retirement Investment Fund Adjustments - Passed as amended (LCPR05-045; July 1, 2010 effective date; exclude MERF from cap) Staff Materials
9.	SF 1057 (Pogemiller), 3rd Eng. � 2005 Omnibus Retirement Bill II - Passed as amended: MSRS-General, MSRS-Correctional, and State Patrol Plan Employee and Employer Contribution Rate Increases (Article 1) - Passed as amended (A1; verbal amendment) Teacher Retirement Fund and Benefit Restructuring (Article 2) - No action Special Pre-1969 Teacher Post-Retirement Adjustment (Article 3) - No action Pension Default Insurance Pool (Article 4) - No action Deferred Annuities Augmentation Eliminated for Post-2005 Hires (Article 5) - Passed as amended (2.5% augmentation rate) Increased Maximum Retirement Plan Covered Salary Figure (Article 6) - No action Early Retirement Incentives for State Employees (Article 7) - Amended, no further action Pension Appropriation (Article 8) - No action
10.	SF xxx; HF 2523 (Ozment): PERA; Service Credit Purchase for Bloomington School Custodians - Not heard Staff Materials SF xxx; HF 2546 (Larson): PERA; Service Credit Purchase for Bloomington School Custodians - Not heard Staff Materials
11.	PERA-P&F Survivor Benefit: Further Consideration of the Late St. Louis Park Police Officer Issue - No action Staff Materials
Added to the agenda:
12	SF 2360 (Koering); HF xxx: Randall Firemen's Relief Association; Increased Surviving Spouse Benefit for the Spouse of Firefighter Killed in a Construction Accident - Passed Staff Materials
13.	Items Remaining from the 2/14/06 Meeting: SF 2239 (Pogemiller); HF 2362 (Smith): MTRFA; Revising Investment Authority Staff Memo - Passed as amended (page 4, lines 4-9, Sec. 1, and Sec. 3 passed) SF xxx; HF xxx: State Auditor Investment Report Recommendations Staff Memo - Passed as amended (Article 4, Sec. 1 passed) Portions of S.F. 427 (Betzold), 2nd Eng., the 2005 Omnibus Retirement Bill, Removed by House Floor Amendment - Passed as amended: Revision/Update of the Legislators Retirement Plan (Article 1, Sections 1-29, 84) - Passed Revision/Update of the Elective State Officers Retirement Plan (Article 1, Sections 30-33, 84) - Passed Revision/Update of the Judges Retirement Plan (Article 1, Sections 34-85) - Passed Expansion of Supplemental Retirement Plan Employer Contribution Amounts (Article 10) - No action Statewide Volunteer Firefighter Retirement Plan Study Task Force (Article 11, Section 16) - No action MERF Internal Lending Authority (Article 14) - Passed as amended (A1; verbal amendment so as to be subject to SBI restrictions)
14.	Other Items as Designated by the Commission Chair.