March 26, 2019, Pension Commission Meeting

Agenda

1. Approval of March 19, 2019, meeting minutes. ‑ Approved


2. HF 2512 (Long); SF 2515 (Dziedzic): PERA; Revising the employer supplemental and state contributions to PERA related to the former MERF Division. ‑ Passed
   • H2512-S2515 Memo


3. HF 2387 (Murphy, by request); SF 2488 (Rosen): PERA; Extending the 1997 state aid to local governments to fund increased employer contributions to PERA. ‑ Passed
   • H2387-S2488 Memo
   • Revenue Estimate


4. HF 2631 (Nelson); SF 2621 (Senjem): Local government supplemental plan contribution restriction exemption for union building trades personnel. ‑ Passed as amended
   • Delete-all Amendment H2631-1A ‑ Adopted
   • H2631-S2621 Memo

Minnesota State items:

5. For informational purposes: Overview of the Individual Retirement Account Plan (IRAP), TRA coverage election, and Supplemental Retirement Plan.
   • Derek Hughes, Minnesota State (Minnesota State Presentation)


6. HF 2683 (Murphy, by request); SF xxxx: MnState; Eliminating the expiration of an early retirement incentive; making nonsubstantive style and form changes. ‑ Carried over to 4/2 meeting
   • H2683-Sxxxx Memo


7. 7. HF 2489 (Murphy, by request); SF xxxx: MnState IRAP; Employee contribution rate increase. ‑ Passed as amended
   • Amendment H2489-1A ‑ Adopted
   • H2489-Sxxxx Memo


8. HF 2671 (Nelson); SF 243 (Frentz): MnState IRAP; Employer contribution rate increase. ‑ Passed as amended
• Amendment H2671-1A ‑ Adopted
• H2671-S0243 Memo
• SF243-1A Fiscal Note

If you would like to testify, please contact Lisa Diesslin (lisa.diesslin@lcpr.mn.gov or 651-296-6806) by 2 PM the day of the meeting and specify the agenda item of interest. Written testimony is welcome, email Lisa before 10 AM the day of the meeting to be included in members' packets.

**Testimony will be limited to 2 minutes per person due to time constraints.**

Note: If the East or West doors of the Capitol are locked, use the South (front) doors.