March 4, 2014, Pension Commission Meeting

Agenda

1. Approval of February 12-13, 2014, meeting minutes. ‑ Approved

Bills Remaining from the February 12-13 Agenda

2. Review of the July 1, 2013, actuarial valuation reports.
   • William V. Hogan, FSA, Milliman, Commission reviewing actuary
   • Tim Herman, FSA, Milliman, Commission reviewing actuary
   • Milliman presentation


3. S.F. 1943 (Pederson); H.F. 1873 (O'Driscoll): PERA-General; Coverage exclusion for St. Cloud Metropolitan Transit Commission employees. ‑ Passed as amended
   • Amendment H1873-1A ‑ Adopted as amended (Line 3.27, strike "87" and insert "322")
   • Sxxxx-H1873 materials


4. S.F. 2148 (Westrom); H.F. 1894 (McNamar): PERA-General; Coverage for Stevens County Housing and Redevelopment Authority employees. ‑ Passed as amended
   • Oral amendment: delete section 2 ‑ Adopted
   • Sxxxx-H1894 materials


5. S.F. 1326 (Goodwin); H.F. 1410 (Nelson): MSRS; Deferred members permitted to vote in board elections. ‑ Passed
   • S1326-H1410 materials


6. S.F. 713 (Pappas); H.F. 872 (Kahn): MnSCU; Elimination of early retirement incentive sunset date. ‑ Passed as amended
   • Amendment S0713-1A ‑ Adopted as amended (line 1.4, delete "2017" and insert "2019")
   • Amendment S0713-2A ‑ Adopted
   • Amendment S0713-3A ‑ Withdrawn
   • S0713-H0872 materials


7. S.F. 764 (Pappas); H.F. 871 (Kahn): MnSCU; Elimination of sunset date on eligibility to elect TRA coverage. ‑ Passed as amended
   • Amendment S0764-2A ‑ Adopted
   • S0764-H0871 materials


8. S.F. 765 (Pappas); H.F. 870 (Kahn): MnSCU; Increase in the maximum salary for the annuitant return-to-work provision. ‑ Passed as amended
   • Amendment S0765-1A ‑ Adopted
   • Amendment S0765-4A ‑ Adopted
   • Amendment S0765-3A ‑ Adopted as amended (lines 1.3, 1.8, and 1.13, delete "or" and insert ";" and delete lines 1.4, 1.9, and 1.14)
   • S0765-H0780 materials

New Bills

9. S.F. xxxx; H.F. 2179 (Nelson): TRA; Board of trustees increased by adding an additional elected retired member. ‑ Laid over
   • Sxxxx-H2179 materials


10. S.F. 2169 (Hayden); H.F. 2316 (Kahn): PERA; Service credit purchase for certain Hennepin Co. elected service. ‑ Laid over
    • S2169-H2316 materials


11. Other items as designated by the Commission Chair.

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.