March 13, 2018, Pension Commission Meeting

Agenda

1. Approval of March 6, 2018, meeting minutes. - Approved


2. Minnesota Management and Budget testimony on the 2018 Omnibus Retirement Bill.
   • Myron Frans, Commissioner
   • Paul Moore, Executive Budget Officer
   • Britta Reitan, Executive Budget Coordinator


3. Motion LCPR18-M3: SPTRFA; Changes to demographic and economic assumptions for actuarial valuations. - Approved


4. SF 3185 (Frentz); HF 3720 (Thissen): PERA-General; Excluding certain St. Paul city and school district temporary construction employees who are covered by the Minnesota Laborers Pension Fund. - Passed
   • Staff memo


5. SF 2971 (Lang); HF 3353 (Miller): PERA Privatizations; Clarifying a 1992 session law impacting employees of the Swift County/Benson Hospital. - Passed as amended
   • Amendment S2971-1A - Adopted
   • Staff memo


6. SF 2620 (Rosen); HF 3053 (O'Driscoll): 2018 Omnibus Retirement Bill, third consideration. - Passed as amended
   (for previous meeting materials and legislation, see the 3/6 agenda)
   • Minnesota Retirement Funds 30-Year Costs vs. Savings Chart
   • Technical Amendment S2620-1A - Adopted
   • Amendment SCS2620A-4 - Adopted
   • Amendment S2620-4A - Adopted
   • Final action on the 2018 Omnibus Bill

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