February 14, 2017, Pension Commission Meeting

Agenda

1. Approval of meeting minutes. - - Approved
   • February 7, 2017, minutes


2. Public testimony on S.F. xxxx; H.F. xxxx (Revisor #17-2806): SPTRFA financial solvency measures. - No action
   • SPTRFA Presentation from Feb. 7 meeting
   • Staff Memo from Feb. 7 meeting
   • Testifiers:
     • Mary Gilbert Dougherty, representing St. Paul Public Schools
     • Brian Rice, representing St. Paul Teachers Pension PAC
     • Dr. Mike McCollor, Vice President, SPTRFA Board of Trustees; Principal, Washington Technology Magnet School


3. Public testimony on S.F. 930 (Rosen); H.F. 722 (Murphy, M.): TRA funding proposal. - No action
   • TRA Presentation from Feb. 7 meeting
   • Staff Memo from Feb. 7 meeting
   • Testifiers:
     • Gary Amoroso,Executive Director, Minn. Assoc. of School Administrators (MASA)
     • Joan Beaver, Board Member, Education Minnesota Retired
     • Lonnie Duberstein, President, Retirement Educators Assoc. of MN. (REAM)
     • Paul Ehrhard, Vice President, REAM
     • Don Leathers, Legislative Co-Chair, REAM
     • Tim Moynihan, Legislative Co-Chair, REAM
     • Rodney Rowe, Secretary-Treasurer, Education Minnesota
     • John Bartholow, 8th grade Social Studies teacher, St. Michael-Albertville School East
     • LeMoyne Corgard, Teacher on leave; President, Anoka-Hennepin Education Minn.
     • Jennifer Ernest, 7-12th Grade Social Studies teacher, Isle Public Schools
     • Scott Croonquist, Executive Director, Assoc. of Metropolitan School Districts
     • Louise Sundin, Minneapolis Committee of Thirteen
     • Grace Keliher, Govt. Affairs Director, Minn. School Boards Assoc. (MSBA)
   
   
4. Motion LCPR17-M1: Approval of actuarial assumptions for MSRS General, MSRS Correctional, State Patrol Plan, Legislators Plan, PERA General, PERA Correctional, PERA P&F, SPTRFA, and TRA; and
   Review of actuarial assumption changes resulting from the Combined Service Annuity study - Michael de Leon, Lead Actuary, Deloitte Consulting.
   • Motion LCPR17-M1 - Approved
   • Staff Memo
   • Letters from the plans
   • Summary chart of proposed assumption changes
   • Report: Combined Service Annuity and Coverage by More Than One Retirement System Provisions Study


5. S.F. 545 (Rosen); H.F. 565 (O'Driscoll): Revised and updated 2016 Omnibus Retirement Bill. - Passed as amended
   • Technical Amendment S0545-1A - Adopted
   • Staff Summary

To testify, please contact Lisa Diesslin at 651-296-6806 or lisa.diesslin@lcpr.mn.gov BEFORE the meeting, identifying the agenda item of interest.