May 10, 2017, Pension Commission Meeting

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Agenda

1. LCPR17-035 (Murphy, M.): PERA; Authorizing an eligible Duluth township employee to elect PERA general plan coverage and receive retroactive coverage. - Passed
   • Staff Memo


2. LCPR17-036: MSRS-Unclassified; Grandfathering current factors used in the calculation of annuities under the MSRS Unclassified Program. Passed
   • Staff Memo from 4/25 meeting


3. S.F. 1705 (Rosen); H.F. 2126 (O'Driscoll): MSRS; Revising augmentation rates for certain terminated privatized employees (Fairview). - Passed as amended
   • Staff materials from 3/7 meeting
   • Amendment S1705-4A - Adopted


4. LCPR17-038; Minnesota public employee pension plans; Benefit and contribution changes. - Passed as amended
   • Staff summary
   • Amendment 17038-5A - Adopted
   • Amendment 17038-7A - Adopted
   • Amendment 17038-8A - Not adopted


5. Final action on the 2017 Omnibus Retirement Bill. - Passed as amended
   • S0545-2A:   Omnibus Retirement Bill delete-everything amendment. - Amended, adopted
   • Summary of S0545-2A
   • Amendment S0545-5A: Dept. of Human Services requested changes to the MSRS-Correctional inclusion procedure. - Adopted
   • Amendment S0545-6A:   Redirect fire state aid for VFRAs to the State General Fund. - Not adopted
   • Amendment S0545-7A: Former local police & fire plans benefit increase for surviving spouses and retirees. - Not adopted
   • Amendment S0545-8A:   Former local police & fire plans benefit increase for surviving spouses and retirees - delays the start of funding to 2019. - Not adopted
   • Amendment S0545-9A: Fire State Aid Work Group membership. - Adopted
   • Amendment S0545-10A: Technical corrections and conforming changes, including revisions from MSRS and PERA to their administrative changes. - Adopted
   • Amendment S0545-11A: MSRS and PERA board changes. Withdrawn
   • Amendment A17-0442:   Technical amendment. - Adopted


6. Motion LCPR17-M3: MSRS, PERA, and SPTRFA; Assumptions for salary and payroll growth. - Approved
    

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