August 28-29, 2013, Pension Commission Meeting

Two-Day Agenda

Note:  Topic consideration may follow a different order depending on testifier availability.

1. Approval of April 2, 2013, minutes. ‑ Approved


2. Review of current Minnesota defined benefit public employee retirement plan interest rate assumptions; first consideration.
   • First consideration staff memo
   • Minnesota State Economist
     • Laura Kalambokidis, Minnesota State Economist
     • State Economist Presentation
   • Minnesota State Board of Investment investment performance horizon information presentation
     • Howard Bicker, Executive Director, State Board of Investment
     • SBI Presentation
   • St. Paul Teachers Retirement Fund Association investment advisor presentation
     • Becky Gratsinger, CFA, R.V. Kuhns (SPTRFA investment consultant)
     • SPTRFA Presentation
   • Public and interested party testimony
     • Don Leathers, Legislative Chair, REAM/Education Minnesota Retired
     • Kim Crockett, MN Free Market lnstitute at Center of the American Experiment


3. Review of current Minnesota defined benefit public employee retirement plan post-retirement adjustment mechanisms; first consideration.
   • First consideration staff memo
   • Public and interested party testimony
     • Dennis Hoelscher, retired Hennepin County deputy sheriff
     • Kim Crockett, MN Free Market Institute at Center of the American Experiment


4. PERA minimum salary membership threshold and related membership inclusion and exclusion issues; first consideration.
   • PERA Membership Eligibility Study Report
   • ">First consideration staff memo
   • Public and interested party testimony


5. Other items as designated by the Commission Chair.

*Meeting materials are posted 24 hours before the meeting.

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.