March 19, 2013, Pension Commission Meeting

Agenda

1. Approval of meeting minutes.
   • March 5, 2013 ‑ Approved
   • March 12, 2013 ‑ Approved


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


3. S.F. 1235 (Reinert); H.F. 1330 (Murphy, M.): DTRFA; Increasing employee and employer contributions; revising plan benefits. ‑ Amended, laid over
   • Delete-all amendment S1235-1A
   • Amendment S1235-7A ‑ Adopted
   • S1235-H1330 materials from March 12
   • DTRFA handout from March 12


4. S.F. 1249 (Pappas); H.F. 1433 (Nelson): SPTRFA; Creating an additional state aid program; increasing employee and employer contributions; revising plan benefits. ‑ Amended, laid over
   • Amendment S1249‑12A ‑ Adopted
     • S1249-12A memo
   • Amendment S1249-13A ‑ Adopted
   • S1249-H1433 materials from March 12


5. Final consideration of the 2013 Omnibus Retirement Bill I, S.F. No. 489; H.F. No. 629. ‑ Passed as amended
   • Delete-all amendment S0489-10A, Omnibus Retirement Bill I as of March 12, 2013. ‑ Amended, adopted
     • S0489-10A summary
   • S1191-3A ‑ Adopted
   • S1191-4A ‑ Adopted
   • S0489-11A ‑ Adopted
   • S0489-12A ‑ Adopted
   • S0489-13A ‑ Adopted
   • S0489-14A ‑ Adopted


6. Final consideration of the 2013 Omnibus Retirement Bill II, S.F. No. 1191; H.F. No. 1152. ‑ Not heard
   • Delete-all amendment S1191-1A
   • S1191-1A summary


7. Other Items as designated by the Commission chair:
   • Actuarial assumption changes for the Hutchinson Fire Department Relief Association and the New Ulm Fire Department Relief Association
     • Motion LCPR13-M1 ‑ Approved
   
   

Persons wishing to testify may contact Lisa Diesslin by e-mail or by calling 651-296-2750 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.