May 17, 2016, Pension Commission Meeting

Agenda

1. Approval of April 12, 2016, meeting minutes. ‑ Approved


2. Amendment H2807-12A: PERA Statewide Volunteer Fire Plan; Delete requirement that the first relief association to join the monthly benefit division be reimbursed for PERA's administrative expenses by relief associations that join later. ‑ Adopted
   • Summary of Amendments H2807-12A, -11A, -16A, -10A
   • Spring Lake Park Relief Association Letter of Support


3. Amendment H2807-11A: Technical corrections. ‑ Adopted
   • Summary of Amendments H2807-12A, -11A, -16A, -10A


4. Amendment H2807-16A: MSRS, TRA, SPTRFA; Reduction of COLA for one year, elimination of COLA triggers and, for SPTRFA, increase in employer contribuiton. ‑ Amended, adopted
   • Summary of Amendments H2807-12A, -11A, -16A, -10A
   • Amendment H2807-20A ‑ Adopted


5. 2016 Omnibus Retirement Bill, in the form of delete-all amendment H2807-10A.
   • Delete-all amendment H2807-10A ‑ Adopted
   • H2807-10A Summary


6. Other items as designated by the Commission chair.

***If you are interested in testifying, please contact Lisa Diesslin at lisa.diesslin@lcpr.mn.gov***

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