February 6, 2023, Pension Commission Meeting

Agenda

1. Approval of January 30, 2023, meeting minutes. - Approved


2. HF 1199 (Wolgamott); SF1308-Murphy: Minnesota State Retirement System (MSRS) 2023 administrative bill. - Passed as amended H1199-DE1 (see #5, below)
   • Technical amendment H1199-1A - Adopted
   • H1199-S1308 Staff summary


3. HFxxxx; SFxxxx (Revisor #23-03171): Public Employees Retirement Association (PERA) 2023 administrative bill. - Passed as included in H1199-DE1 (see #5, below)
   • Revisor #23-03171 Staff summary


4. HFxxxx; SFxxxx (Revisor #23-03138): Teachers Retirement Association (TRA) 2023 administrative bill. - Passed as included in H1199-DE1 (see #5, below)
   • Revisor #23-03138 Staff summary


5. Amendment H1199-DE1 to combine the MSRS, PERA, and TRA administrative bills. - Adopted


6. Presentation by the Commission actuary on the investment rate of return actuarial assumption.
   • Mark W. Schulte, FSA, EA, MAAA, President and Consulting Actuary
   • Emily M. Knutson, FSA, EA, MAAA, Consulting Actuary
   • Presentation

PUBLIC VIEWING INFORMATION: Meeting will be livestreamed by the House on HTV2: www.house.mn.gov/live/2

TESTIFYING: To testify or submit written testimony on an agenda item, please contact the Commission staff at lisa.diesslin@lcpr.mn.gov by 5:00 PM on Friday, February 3, identifying the specific agenda item on which you would like to testify.

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MEETING DOCUMENTS will be posted both here and on the legislative calendars as soon as they become available.