March 24, 2015, Pension Commission Meeting

Agenda

1. Approval of March 17, 2015, meeting minutes.‑ Approved


2. H.F. 284 (O'Driscoll); S.F. 54 (Pappas): TRA administrative bill. ‑ Passed
   • H0284-S0054 memo


3. H.F. 285 (O'Driscoll); S.F. 55 (Pappas): PERA administrative bill. ‑ Passed as amended
   • Amendment H0285-14A ‑ Adopted
   • H0285-S0055 memo


4. H.F. 661 (O'Driscoll); S.F. 589 (Pappas): MSRS administrative bill. ‑ Passed as amended
   • Amendment H0661-1A ‑ Adopted
   • H0661-S0589 memo


5. H.F. 1508 (O'Driscoll); S.F. 1398 (Pappas): Public retirement plans; Revision or elimination of outdated or obsolete provisions. ‑ Passed as amended
   • Amendment H1508 ‑ Adopted
   • H1508-S1398 memo


6. H.F. 1997 (Gunther); S.F. 1877 (Rosen): PERA; Service credit purchase for period of Nashville township omitted contributions. ‑ Passed
   • H1997-S1877 memo


7. Amendment LCPR1504A-1A: SPTRFA; Post-retirement adjustment mechanism revision. ‑ Amended, adopted
   • Amendment LCPR1504A-14A ‑ Adopted


8. Consideration of MSRS and PERA contribution rate revisions.
   • MSRS motion ‑ Amended (increase rejected), approved
   • PERA motion ‑ Amended (increase rejected), approved


9. Review and final action on the 2015 Omnibus Retirement Bill. ‑ Amended, laid over
   • Amendments Packet
   • Amendment LCPR1504A-5A ‑ Adopted
   • Amendment LCPR1504A-3A ‑ Adopted
   • Amendment LCPR1504A-6A ‑ Adopted as amended (lines 1.4, 1.12, and 1.16, delete "System" and insert "Association")
   • Amendment LCPR1504A-19A ‑ Adopted
   • Amendment LCPR1504A-4A ‑ Adopted as amended
   • Amendment LCPR1504A-7A ‑ Adopted
   • Motion to delete Article 11, Section 10 ‑ Adopted
   • Motion to delete Article 11, Section 11 ‑ Adopted
   • Motion to delete Article 11, Section 6 ‑ Adopted
   • Amendment LCPR1504A-16A ‑ Adopted
   • Amendment LCPR1504A-8A ‑ Adopted


10. Other items as designated by the Commission Chair.

To testify, please contact Commission Assistant Lisa Diesslin at lisa.diesslin@lcpr.mn.gov or 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.