March 11, 2014, Pension Commission Meeting

Agenda

1. Approval of March 4, 2014, meeting minutes. ‑ Adopted


2. S.F. 1803 (Pappas); H.F. 1951 (Murphy, M.): TRA/DTRFA; Full consolidation of the Duluth Teachers Retirement Fund Association. ‑ Passed as amended
   • Amendment S1803-1A ‑ Adopted
   • Amendment S1803-2A ‑ Adopted
   • Amendment S1803-3A ‑ Adopted
   • Amendment S1803-4A ‑ Adopted
   • Amendment S1803-17A ‑ Adopted
   • Amendment S1803-18A ‑ Adopted
   • S1803-H1951 materials
   • TRA Handout


3. S.F. 1802 (Pappas); H.F. 2520 (Lesch): SPTRFA; Amortization target date revision; additional state aid. ‑ Passed
   • S1802-H2520 materials
   • SPTRFA Letter


4. S.F. 1713 (Pappas); H.F. 2163 (Nelson): Statewide plans; Investment authority and investment modifications. ‑ Passed as amended
   • Amendment S1713-1A ‑ Adopted as amended (page 1, lines 3, 4, 5, and 6, delete "investment allocations" and insert "qualified default investment alternatives")
   • Amendment S1713-2A ‑ Adopted
   • S1713-H2163 materials


5. S.F. 2263 (Pappas); H.F. 2448 (Nelson): PERA-General; Employee and employer contribution rate revisions. ‑ Passed as amended
   • Amendment S2263-5A ‑ Adopted (drawn from SF2441, adds MSRS contribution increases)
   • S2263-H2448 materials


6. S.F. 2015 (Pappas); H.F. 2524 (Nelson): PERA; PERA-P&F; Salary reporting and early retirement eligibility. ‑ Passed as amended
   • delete section 2 ‑ Adopted
   • delete Section 3 ‑ Adopted
   • oral amendments to lines 2.11-2.12, 4.16, and 6.5 ‑ Adopted
   • S2015-H2524 materials


7. Other items as designated by the Commission Chair:
   • Amendment LCPR14-01A (relating to county sheriffs) ‑ Amended, laid over

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.