July 30, 2012, Pension Commission Meeting

Agenda

1. Approval of prior Commission meeting minutes.
   • March 20, 2012, Minutes ‑ Approved


2. Consideration of proposed demographic actuarial assumption changes.
   1. St. Paul Teachers Retirement Fund Association(mortality, retirement age, disablement, termination, Combined Service Annuity loading, deferred annuity commencement)
      • SPTRFA Motion LCPR12-M8 (rev. 7/30) ‑ Approved
   2. PERA-Correctional (mortality, retirement age, disablement, annuity form, termination)
      • PERA-C Motion LCPR12-M2 ‑ Approved
   3. MSRS-Correctional (mortality, retirement age, disablement, annuity form, termination)
      • MSRS-C Motion LCPR12-M3 ‑ Approved
   4. State Patrol Plan (mortality, retirement age, disablement, marital status, beneficiary age, annuity form, termination)
      • State Patrol Motion LCPR12-M4 ‑ Approved
   5. Judges Plan (mortality, retirement age, disablement, Combined Service Annuity loading)
      • Judges Motion LCPR12-M5 ‑ Approved
   6. Legislators Plan (mortality, retirement age)
      • Legislators Motion LCPR12-M6
   7. Elective State Officers Plan (mortality)
      • ESO Motion LCPR12-M7 ‑ Approved
   8. Duluth Teachers Retirement Fund Association (mortality, retirement age, termination)
      • DTRFA Memo 2006-2011 Experience Study and Actuarial Assumption Revision Recommendations
      • DTRFA Motion LCPR12-M9 ‑ Approved
• Staff Memo #a-g


3. Consideration of reports from the Commission reviewing actuary, Milliman, Inc.
   1. Review of the July 1, 2011, replication actuarial valuation of TRA.
   2. Review of the July 1, 2011, actuarial valuations of the other statewide and major local defined benefit retirement plans.
      • Milliman Presentation


4. Update on the eligibility of Minneapolis and Fairmont for amortization state aid and supplemental amortization state aid following retirement plan mergers.
   • Staff Memo


5. 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.