March 12, 2013, Pension Commission Meeting

Revised Agenda*

1. Approval of the February 26, 2013, meeting minutes. ‑ Approved


2. S.F. 273 (Pappas); H.F. 343 (Nelson): PERA; Salary definition modification. ‑ Passed as amended
   • S0273-E1, draft engrossment of bill as previously amended
   • Amendment S0273-7A ‑ Adopted
   • Amendment S0273-8A ‑ Not heard
   • S0273-H0343 materials from February 19


3. S.F. 275 (Pappas); H.F. 341 (Nelson): PERA; Repealing the Social Security leveling option. ‑ Passed
   • S0275-H0341 materials from March 5


4. S.F. 439 (Saxhaug); H.F. 539 (Nelson): Public pension fund deductions for labor organization membership dues or payments; blind mailings authorization. ‑ Passed
   • S0439-H0539 materials


5. S.F. 780 (Anderson); H.F. 963 (McDonald): PERA; Service credit purchase for a period of omitted contributions for a certain Wright County Highway Department employee. ‑ Passed as amended
   • Amendment S0780-1A ‑ Adopted
   • Amendment S0780-2A ‑ Adopted
   • S0780-H0963 materials


6. S.F. 935 (Pappas); H.F. 857 (Atkins): Retirement funding; Imposing a homeowners and auto insurance policy surcharge to fund public safety employee retirement plan costs. ‑ Passed as amended, sent to Commerce
   • S0935-E1, draft engrossment of S.F.935 as previously amended
   • S0935-7A ‑ Adopted
   • S0935-H0857 materials from March 5


7. S.F. 1249 (Pappas); H.F. 1433 (Nelson): SPTRFA; Creating an additional state aid program; increasing employee and employer contributions; revising plan benefits. ‑ Laid over
   • S1249-H1433 materials


8. S.F. 1235 (Reinert); H.F. 1330 (Murphy, M.): DTRFA; Increasing employee and employer contributions; revising plan benefits. ‑ Laid over
   • Delete-all amendment S1235-1A
   • S1235-H1330 materials
   • DTRFA handout


9. Other Items as designated by the Commission chair:
   • Amendment S0489-9A: State Board of Investment; Swap contracts authorization ‑ Adopted
   • Amendment H1152-4A: VFRAs; SBI investment options. ‑ Adopted as amended (lines 1.8 & 1.13, delete "October" and insert "March")

Removed from the agenda:

• S.F. 529 (Pappas); H.F. 650 (Nelson): TRA; Phase-in of actuarial equivalent early retirement reduction factors 2015-2019. ‑ Removed from the agenda
  • S0529-H0650 Materials from March 5


• S.F. 713 (Pappas); H.F. 872 (Kahn): MnSCU; Extending an early retirement incentive program. ‑ Removed from the agenda
  • S0713-H0872 materials


• S.F. 764 (Pappas); H.F. 871 (Kahn): MnSCU; Eliminating the sunset on eligibility to elect TRA upon tenure. ‑ Removed from the agenda
  • S0764-H0871 materials


• S.F. 765 (Pappas); H.F. 870 (Kahn): MnSCU; Increasing the maximum salary for the annuitant return to-work program. ‑ Removed from the agenda
  • S0765-H0870 materials


• S.F. 1100 (Hayden); H.F. xxxx: PERA-MERF Division; Metropolitan Council supplemental employer contribution obligation clarification. ‑ Removed from the agenda
  • S1100-Hxxxx materials

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.

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