April 2, 2013, Pension Commission Meeting

Agenda

1. Approval of March 19, 2013, meeting minutes. ‑ Adopted


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


3. S.F. 1235 (Reinert); H.F. 1330 (Murphy, M.), as previously amended: DTRFA; Increasing employee and employer contributions; revising plan benefits. ‑ Passed as previously amended
   • S1235-E1, draft engrossment of bill as previously amended
   • 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. ‑ Passed as amended
   • S1249-E2, draft engrossment of bill as amended
   • Amendment S1249-14A ‑ Adopted
   • S1249-12A materials from March 19
   • S1249-H1433 materials from March 12


5. Final consideration of the 2013 Omnibus Retirement Bill II, S.F. No. 1191; H.F. No. 1152. ‑ Passed as amended
   • Delete-all amendment S1191-1A ‑ Adopted
     • S1191-1A summary
   • Amendment S1191-2A ‑ No action


6. Other Items as designated by the Commission chair:
   • Actuarial assumption changes for the Bloomington Fire Department Relief Association
     • Motion LCPR13-M2 ‑ 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.