March 27, 2023, Pension Commission Meeting

Agenda

ACTION ITEMS:

1. Approval of March 22, 2023, meeting minutes. Approved
2. HF 782, 1st Engrossment (Becker-Finn); SF 413, 2nd Engrossment (Pappas): Minnesota Secure Choice Retirement Program - Passed as amended
   • Delete-everything Amendment H0782.S0413-DE2 - Adopted
   • Summary of the DE2 Amendment
   • HF782-SF413 Fiscal Note (Note: the fiscal notes on the House and Senate bills are identical)
   • Amendment H0782.S0413-3A - Failed
   • Testifier:
     • Mary Jo George, Associate State Director, Advocacy, AARP Minnesota
   • Submitted testimony:
     • Submitted Letter from Ken McInnis, President, Minnesota State Retiree Council, AFL-CIO
     • Submitted Letter re Amendment H0782.S0413-3A from Wade Laszlo, President, Minnesota Correctional Officers Retirement Association (MNCORA)

NON-ACTION ITEMS:

3. Presentation and discussion of the draft budget spreadsheet for the Pension Omnibus Finance Bill.
   • Draft budget spreadsheet
   • Testifiers:
     • Brian Rice, representing the Minnesota Professional Firefighters and Minnesota Police Fraternal Association, on COLA'S for retirees and removing triggers that terminate state aids to pension plans (handout)
     • Louise Sundin, Committee of Thirteen, on the Governor's Cost of Living Adjustment
     • David Johnson, representing Minnesota Municipal Retirement Association
     • Dr. Michael Landers, Minnesota Retired State Employee Association, on the Governor's Cost of Living Adjustment
     • Kate Lynne Snyder, Lobbyist, Education Minnesota, on the TRA scenarios
     • Devin Bruce, Minnesota Association of Professional Employees, on the MSRS and TRA proposals
     • Michael Nelson, Vice-President, AFSCME MN Chapter 5 Retirees United, on the lack of plan improvements for recipients in the proposal for current recipients
     • Ethan Vogel, Legislative Director, AFSCME Council 5, on the MSRS and PERA items
     • Tim Moynihan, Vice-President/Legislative Committee Co-Chair, Retired Educators Association of Minnesota
     • Jay Stoffel, Executive Director, Teachers Retirement Association, on the TRA items
     • Phillip Tencick, St. Paul Teachers Retirement Fund Association, on the St. Paul Teachers items
     • Erin Leonard, Executive Director, Minnesota State Retirement System, on the MSRS items
     • Doug Anderson, Public Employees Retirement Association, on the PERA items

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

TESTIFYING: The deadline to request to testify (3:00 PM on Sunday, March 26) has passed. However, written testimony on the budget spreadsheet will continue to be accepted until 3:00 PM on Friday, March 31, by emailing it to lisa.diesslin@lcpr.mn.gov. Identify the specific budget item in your testimony. All written testimony will be held and distributed before the April 3 meeting. Submitted testimony is public and will be included in the official commission record and posted to the webpage if received by deadline.

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.