January 13, 2010, Pension Commission Meeting

Agenda

1. Review of the final order from the Court in City of Minneapolis v. MPRA/MFRA.
   • Tom Bottern, Senate Counsel and Research


2. Approval of November 12, 2009, meeting minutes. ‑ Approved


3. PERA, MSRS, and TRA funding deficiencies.
   • Statewide Retirement Systems Funding Updates presentation
     • Mary M. Vanek, Executive Director, PERA
     • David Bergstrom, Executive Director, MSRS
     • Laurie Hacking, Executive Director, TRA


4. MERF funding difficulties (no final action on any MERF/PERA consolidation proposal is expected to occur).
   • Presentation by Luther Thompson, Executive Director, MERF
   • MERF, Analysis of Funding Deficiency (GRS)


5. S.F. xxx; H.F. xxx: PERA (LCPR10-008); Retirement-related administrative provisions. ‑ Passed as amended (oral amendments)
   • LCPR10-008
   • LCPR10-008 Materials

Continued from previous meetings as time permits:

6. S.F. 889 (Betzold); H.F. xxx: MSRS-Unclassified; Changes in membership transfer authority. ‑ Not heard
   • S0889-E2, Draft engrossment of previous Commission action
   • S0889-E2 Materials
   • Previous materials (S0889-E1)


7. S.F. 1601 (Olson, M.); H.F. 1793 (Nelson): TRA; Addition of retiree board of trustees member. ‑ Not heard
   • S1601-H1793 Materials


8. S.F. xxx; H.F. xxx (LCPR09-071): Statewide and major local retirement plans; Deadlines for filing annual actuarial valuations and quadrennial experience studies. ‑ Passed as amended (oral amendments)
   • LCPR09-071
   • LCPR09-071 Materials


9. S.F. xxx; H.F. xxx (LCPR10-003): MnSCU; Retirement-related administrative provisions. ‑ Passed as amended
   • Amendment LCPR10-003-2A ‑ Adopted
   • LCPR10-003
   • LCPR10-003 Materials


10. S.F. xxx; H.F. xxx (LCPR10-005): MSRS; Retirement-related administrative provisions. ‑ Not heard
    • Amendment LCPR10-005-12A: Various plans; Correcting plan coverage errors.
    • Amendment LCPR10-005-12A Materials
    • LCPR10-005
    • LCPR10-005 Materials


11. Other Items as Designated by the Commission Chair.

Persons wishing to testify may contact Lisa Diesslin by e-mail or by calling 651-296-6806 to be added to the public testimony list. Please indicate the agenda item of interest.

If accommodations for the meeting under the Americans With Disabilities Act are needed, please call 651-296-2750 (651-296-9896 for TDD) as far in advance as possible.