February 16, 2021, Pension Commission Meeting

Agenda

1. Election of 2021-2022 Commission officers.
   • Chair: Sen. Julie Rosen
   • Vice Chair: Rep. Michael Nelson
   • Secretary: Rep. Tim O'Driscoll


2. Approval of May 13, 2020, meeting minutes. - Approved


3. Brief overview of the Commission's function, staff, and process.
   • Staff presentation


4. Presentation by the Commission actuary, Van Iwaarden Associates.
   • Actuary presentation
   • Mark Schulte
   • Emily Knutson


5. Presentation by the State Board of Investment (SBI).
   • Mansco Perry III, Executive Director and Chief Investment Officer, SBI


6. Presentation by the retirement systems.
   • Joint plan presentation
   • Erin Leonard, Executive Director, Minnesota State Retirement System (MSRS)
   • Doug Anderson, Executive Director, Public Employees Retirement Association (PERA)
   • Jay Stoffel, Executive Director, Teachers Retirement Association (TRA)
   • Jill Schurtz, Executive Director, St. Paul Teachers Retirement Fund Association (SPTRFA)


7. Approval of actuarial assumptions for Minnesota State Retirement System Correctional, Judges, Legislators, and State Patrol plans, and Public Employees Retirement Association Correctional and Police & Fire plans.
   • Motion LCPR21-M1 - Not heard, will be rescheduled

This meeting is being held in accordance with Minnesota Statutes, Section 13D.021; and Legislative Coordinating Commission guidelines.