May 16, 2022, Pension Commission Meeting

Agenda

1. Approval of March 22, 2022, meeting minutes. ‑ Approved


2. Approval of actuarial assumption change for the Spring Lake Park Firefighters' Relief Association.
   • Motion LCPR22-M1‑ Approved


3. Pension Benefits and Funding Bill, SF3541 (Rosen). ‑ Passed as amended
   • Delete-Everything Amendment S3541‑DE3 ‑ Adopted as amended
     • S3541-DE3 Summary
     • S3541-DE3 Cost/Funding Analysis
     • Appropriations
   • Amendment S3541‑4A ‑ Adopted
   • Amendment S3541‑5A ‑ Adopted
   • Testifier on the MSRS provisions:
     • Erin Leonard, Executive Director, Minnesota State Retirement System (MSRS)
   • Testifiers on the PERA provisions:
     • Doug Anderson, Executive Director, PERA
     • Brian Rice, representing Minnesota rofessional Fire Fighters (MPFF) and Minnesota Police Fraternal Association (MPFA)
     • Scott Vadnais, President, Minnesota Professional Fire Fighters (MPFF)
     • David Titus, President, Minnesota Police and Peace Officers Association (MPPOA), and Ramsey County Sheriff's Office Inspector
     • Gary Carlson, Executive Director, League of Minnesota Cities
     • Ethan Vogel, Legislative Director, AFSCME Council 5
     • Edward Reynoso, Director of Political and Legislative Affairs, Teamsters Local #320
   • Testifiers on the TRA provisions:
     • Jay Stoffel, Executive Director, Teachers Retirement Association (TRA)
     • Kate Lynne Snyder, Acting Director of Government Relations, Education Minnesota
     • Jason Savage, Principal, Pillager Schools ISD #116
     • Paul Peterson, International Falls special education teacher
     • Blaine Novak, Superintendent, New York Mills Public School
   • Testifiers on the St. Paul Teachers provisions:
     • Jill Schurtz, Executive Director, St. Paul Teachers Retirement Fund Association (SPTRFA)
     • Dr. Frederick M. McCollor, SPTRFA Board President and retired member
     • Michael McKay, SPTRFA board member and Highland Park Senior High School teacher
   • Testifier on the investment rate of return assumption, state aids, and pension plan funding:
     • David Kubes, Minnesota taxpayer (Kubes handout)
   • Submitted Testimony:
     • Devin Bruce, Public Affairs Coordinator, Minn. Association of Professional Employees (MAPE) letter in support of the DE, concern regarding IRAP employee contribution rate decrease
     • Tracee Colgrove, Pillager Schools ISD #116 educator, email in opposition to the TRA provisions
     • Lindsey Lallas, teacher, letter in opposition to lowering TRA contribution rates
     • Jim Reed, Brainerd teacher, email in opposition to the TRA provisions
     • Ryan B. Saulsbury, Pillager Schools ISD #116 educator, email in opposition to the TRA provisions
     • Sue Turner, Pillager Schools ISD #116 educator, email in opposition to the TRA provisions
   
   NOTE: We request that testimony be limited to the items contained in the DE amendment and limited to three minutes per testifier. There are no Rule of 90 provisions in the DE.
   

PUBLIC VIEWING INFORMATION: The remote meeting may be viewed live on the LCPR YouTube Channel. Note that the meeting will not appear on the page until the streaming begins.

TESTIFYING: To testify or submit written testimony on any agenda item, please contact the Commission staff at lisa.diesslin@lcpr.leg.mn by 5:00 p.m. on Friday, May 13, and you will receive further instructions.

ACCESSIBILITY/ACCOMMODATION: To provide feedback on digital accessibility of meeting information, please submit comments through the Minnesota Legislature Accessibility & Usability Comment Form. To learn more about requesting an accommodation, please visit the FAQs for Disability Access or contact the Coordinating Commission at lcc@lcc.mn.gov.

This meeting is being held in accordance with Legislative Coordinating Commission guidelines.