October 23, 2013, Pension Commission Meeting

Agenda

1. Approval of September 11-12, 2013, meeting minutes. ‑ Adopted


2. S.F. 1100 (Dibble/Hayden): Metropolitan Council; MERF supplemental employer contribution obligation clarification. ‑ No action
   • S1100-Hxxxx materials
   • Testifiers:
     • Gene Ranieri, City of Minneapolis
     • Barb Johnson, President, Minneapolis City Council
     • Elizabeth Glidden, Minneapolis City Council
     • Susan Segal, Minneapolis City Attorney
     • Mary Bogie, CFO, Metropolitan Council
   • Ranieri handout
   • Met Council letter
   • Intergovernmental Agreement between the Metropolitan Council, the City of Minneapolis, and MERF


3. PERA minimum salary membership threshold and related membership inclusion and exclusion issues; second consideration. ‑ No action
   • Second consideration staff memo
   • Minnesota School Employees Association resolution
   • Previous materials:
     • PERA Membership Eligibility Study Report
     • First consideration staff memo


4. Review and reconsideration of the Commission's Principles of Pension Policy, first consideration. ‑ No action
   • First consideration staff memo
   • Hoelscher testimony


5. Review of Minnesota defined benefit public employee retirement plan post-retirement adjustment mechanisms. ‑ Rescheduled to Nov. 6-7 meeting
   • Third consideration materials:
     1. Concept of benefit adequacy memo
     2. Retiree purchasing power issues memo
     3. Retiree cohort information
     4. Survey of post-retirement adjustment procedures in comparable states
     5. Correspondence from the Laura and John Arnold Foundation, COLA policy recommendations
   • Previous materials:
     • First consideration staff memo
     • Second consideration staff memo


6. Other Items as designated by the Commission chair.

To be added to the public testimony list, contact Lisa Diesslin by e-mail or by calling 651-296-2750. 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.