March 19, 2019, Pension Commission Meeting

Agenda

1. Approval of March 12, 2019, meeting minutes ‑ Approved

Carried over from March 5:

2. HF 2373 (Murphy, by request); SF 2491 (Rosen): State Auditor's Volunteer Fire Relief Association Working Group bill ‑ Passed
   • H2373-Sxxxx Memo from 3/12/19
   • Presentation from 3/12/19
   • Testifier:
     • Jeff Skime, Bemidji Fire Department Relief Association member


3. Revised LCPR19-030: Implementing the recommendations of the Fire State Aid Work Group ‑ Laid over
   • Staff Memo from 3/12/19
   • Work Group Report from 3/12/19
   • Presentation from 3/12/19
   • Testifiers:
     • Doug Anderson, Executive Director, PERA
     • Carey Ferrell, Chair/Supervisor, Town of Brevator

New items:

4. HF 2310 (Sundin); SF 2366 (Rarick): PERA Statewide Volunteer Fire Plan; Authorizing the termination of plan participation and coverage; distribution of benefits ‑ Passed as amended
   • Amendment H2310-1A ‑ Adopted
   • H2310-S2366 Memo
   • Testifiers:
     • Shana Morse, Division Manager, PERA
     • Gary Carlson, Intergov't. Relations Director, League of Minnesota Cities
     • Keith Carlson, Executive Director, Minnesota Inter-County Association


5. Revisor #19-4692 [introduced on 3/20 as HF 2633 (Murphy, by request); SF 2584 (Rosen)]: PERA Phased Retirement Program; Eliminate sunset and annual renewal requirement ‑ Passed
   • Revisor #19-4692 Memo
   • Testifiers:
     • Doug Anderson, Executive Director, PERA
     • Mark Ruff, CFO, City of Minneapolis
     • Brian Rice, Minnesota Police Fraternal Association


6. HF 2598 (Freiberg); SF 2490 (Jasinski): PERA; Revising the City of Minneapolis municipal contribution related to the former Minneapolis fire and police relief associations ‑ Passed
   • H2598-S2490 Memo
   • Testifiers:
     • Doug Anderson, Executive Director, PERA
     • Randy Bibeau, Firefighter, St. Paul Fire Department
     • Chris Parsons, President, Minnesota Professional Fire Fighters


7. HF 549 (Dettmer); SF 1444 (Anderson, B.): PERA; Military service credit purchase provisions ‑ Laid over
   • Amendment H0549-1A ‑ No action
   • H0549-S1444 Memo
   • Testifier:
     • Erin Leonard, Executive Director, MSRS


8. Revisor #19-4622 [introduced on 3/20 as HF 2632 (Murphy, by request); SF 2583 (Rosen)]: MSRS administrative bill. ‑ Passed
   • Revisor #19-4622 Memo


9. Fossil fuel investments:
   • The State Board of Investment's approach to environmental, social, and governance (ESG) policy, including climate change investment risk and other topics
     • Mansco Perry, Executive Director, State Board of Investment
   
   
   • HF 2329 (Long); SF 2276 (Pappas): State Board of Investment; Mandating a report on the risks posed by fossil fuel investments ‑ Laid over
     • H2075-S2276 Memo
   
   
   • HF 2294 (Long); SF 2277 (Pappas): Requiring the State Board of Investment to divest fossil fuel investments ‑ Laid over
     • H2294-S2277 Memo
     • Testifiers:
       • Veda Kanitz, Science teacher +TRA member
       • Jina Penn-Tracy, Centered Wealth
       • Melissa Wenzel, Minnesota Board of Water & Soil Resources, MAPE member
       • Dave McGill, St. Paul teacher, SPTRFA member
       • Cathy Geist, .St. Paul Teacher’s Retirement Fund Association retiree
       • Catherine Zimmer, Executive Director, Women Observing Wildlife-MN
   
   

If you need any of the materials in an alternate format for accessibility, please contact the Commission office at lcpr@lcpr.mn.gov

**If you would like to testify, please contact Lisa Diesslin (lisa.diesslin@lcpr.mn.gov or 651-296-6806) BEFORE the meeting.**

Note: the south doors (front) of the Capitol will be open, but the east & west doors are locked at 5:00.
The tunnels will be open.