February 20, 2023, Pension Commission Meeting

Agenda

1. Approval of February 13, 2023, meeting minutes. - Approved


2. HF 782 (Becker-Finn); SF 413 (Pappas): Establishing the Minnesota Secure Choice retirement program - Passed as amended
   • Delete-everything amendment H782.S413-DE1 - Adopted
   • H0782-S0413DE1 Staff summary
   • Amendment H782.S413-1A - Withdrawn
   • Testifiers:
     • Jim Scheibel, State President, American Association of Retired Persons (AARP)
     • Tobias Read (via Zoom), Oregon State Treasurer and Chair of the OregonSaves Retirement Savings Program Board of Directors
     • John Scott (via Zoom), Retirement Savings Project Director, The PEW Charitable Trusts (handouts)
     • Hanna Zinn, Public Policy Manager, Minneapolis Regional Chamber of Commerce
     • Erik Forsberg (via Zoom), Proprietor, Devil's Advocate Restaurant
     • Karin Swenson (via Zoom), Executive Director, Meadow Park Preschool and Child Care Center
     • Nicauris Heredia-Rosario (via Zoom), Legislative & Policy Director, Minnesota Council on Latino Affairs
     • Beth Kadoun, Vice President, Tax and Fiscal Policy, Minnesota Chamber of Commerce
     • Robyn Rowen, Executive Director, Minnesota Insurance and Financial Service Council
   • Submitted testimony:
     • National Federation of Independent Business (NFIB), John L. Reynolds, State Director
     • Minnesota Council of Nonprofits, Ileana Mejia, Public Policy Advocate


3. HF 1201 (Nelson); SF 1393 (Pappas): Increasing the employer contribution limit to the International Union of Operating Engineers multiemployer plan - Amended, laid over
   • Amendment H1201.S1393-1A - Adopted
   • H1201-S1393 Summary
     Direct links to attachments:
     Annual Funding Notice
     Participating Employers
   • Testifiers:
     • Chris Chantry, General Counsel, IUOE Local 49
     • Jonathon Turner, Business Agent, IUOE Local 49
   
   
4. Presentation on the Minnesota State Individual Retirement Account Plan (IRAP) overview and history of Teachers Retirement Association (TRA) coverage elections
   • Derek Hughes, System Director, Minnesota State Colleges & Universities
   • Presentation
   • Testifiers:
     • Jonathan Bohn, Director of Public Affairs, Inter Faculty Organization
     • Dick Kaspari, Benefits and Salary Equity Representative, Inter Faculty Organization
   
   

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 3:00 PM on Friday, February 17, identifying the specific agenda item on which you would like to testify. Testimony is limited to the items on the agenda.

MEETING DOCUMENTS: As soon as they become available, meeting documents will be posted both here and on the legislative calendars.

ACCESSIBILITY/ACCOMMODATION: To comment on digital accessibility to meeting information, please submit comments using the Minnesota Legislature Accessibility & Usability Comment Form. To request an accommodation, please visit FAQs for Disability Access or contact the Legislative Coordinating Commission at lcc@lcc.mn.gov.