May 4, 2023, Pension Commission Meeting

Agenda

ACTION ITEM:

1. Approval of April 17, 2023, meeting minutes. - Approved

NON-ACTION ITEM: Informational hearing only, no formal action will be taken

2. HF 3294 (Wolgamott); SF 3314 (Cwodzinski): Teachers Retirement Association (TRA); Lowering the normal retirement age to age 64; increasing employee and employer contributions for TRA and the Higher Education Individual Retirement Account Plan.
   • H3294-S3314 Summary
   • Attachment - Estimated Costs of TRA Age 64 Normal Retirement Age (2053 Amortization)
   • Testifiers:
     • Lisa Olson, President, Elk River Education Association
     • Rodney Rowe, Education Minnesota Secretary-Treasurer
     • Peter Eckhoff, President, Robbinsdale Federation of Teachers
     • Tiffany Dittrich, President, White Bear Lake Area Educators
     • Julie Seiler, band teacher of 33 years, Minnesota Public Schools
     • Sarah Lancaster, 2022 MN Teacher of the Year, Onamia Public Schools
     • Jonathan Bohn, Director of Public Affairs, Inter Faculty Organization (IFO)
     • Andrea Cuene, Government Relations, Minnesota School Boards Association
     • Jay Stoffel, Executive Director, Teachers Retirement Association (TRA)
     • Phillip Tencick, Executive Director/CIO, St. Paul Teachers Retirement Fund Association (SPTRFA)
   • Submitted testimony:
     • Packet of testimony from Education Minnesota
     • Steve Bliven, 5th grade teacher
     • Brent Bovitz, Eden Prairie
     • Steve Clouse, CTE teacher, Nashwauk-Keewatin ISD 319
     • Carol Dallman, teacher, Minneapolis Public Schools
     • Layne Danielson, Brainerd Public Schools
     • Jennifer Delveaux, teacher, Minneapolis Public Schools
     • Jon DeMars, teacher, Moundsview Public Schools
     • Jessica Frisco, Minnesota educator
     • Deb Hart, 3rd grade teacher, Heart of the Lakes Elementary, Perham
     • Laura Heuton, teacher, Rochester
     • Kimberly Husfeldt, Minnesota school psychologist
     • Lisa Jepson, Moorhead High math teacher
     • Amy Johnson, school social worker, ISD 624
     • Jesse Johnson, teacher
     • Matt Jones, business education teacher, Verndale Public School
     • Jeff Kocur, Hopkins High School
     • Bob Laine, Lake of the Woods High School
     • Elizabeth Osborne, 2nd grade teacher, Robbinsdale Area Schools
     • Cindy Palm, teacher, Moundsview
     • Paul Peterson, teacher, International Falls
     • Thomas Raymond, teacher, Shorewood
     • Jason Savage, teacher
     • William Schultz, 9-12 business teacher, PEM High School

PUBLIC VIEWING INFORMATION: Meeting will be livestreamed by the House on HTV1: www.house.mn.gov/live/1

TESTIFYING: To testify in person or submit written testimony, please contact the Commission staff at lisa.diesslin@lcpr.mn.gov by 12:00 noon on Wednesday, May 3. Remote testimony is not available in this hearing room. Testimony is limited to the items listed on the agenda. Submitted testimony is public and will be included in the official commission record and posted to the webpage if received by deadline.

MEETING DOCUMENTS: Are posted on both the Commission website (www.lcpr.mn.gov), and the legislative calendars (www.leg.mn.gov/cal?d1=05/04/2023) as soon as they are available.

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.