September 20, 2017, Pension Commission Meeting

Agenda

1. Approval of prior meeting minutes.
   • April 25, 2017 - Approved
   • May 8, 2017   - Approved
   • May 10, 2017 - Approved


2. Report from the pension fund executive directors:
   1. What impact does the 15.1% investment return for FY 2017 have on the funded status of the pension plans? - Staff materials
   2. How much did the 2017 veto of the pension bill cost the pension plans? - Staff materials
      • Erin Leonard, Executive Director, MSRS - MSRS Handout
      • Doug Anderson, Executive Director, PERA - PERA Handout
      • Jay Stoffel, Executive Director, TRA - TRA Handout
      • Jill Schurtz, Executive Director, SPTRFA - SPTRFA Handout


3. Presentation summarizing national economic forecasts and thoughts on pension plan discount rate.
   • Laura Kalambokidis, Minnesota State Economist - Handout


4. Report on the Combined Funds' investment rate of return for FY 2017.
   • Mansco Perry, Executive Director, State Board of Investment - SBI Handout

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