March 11, 2025, Pension Commission Meeting

Revised Agenda

Meeting called by Senator Nick. A. Frentz, 2023-2024 Vice Chair

1. Introduction of Commission members and staff.


2. Election of 2025-2026 Commission officers.
   • Chair ‑ Senator Nick A. Frentz elected
   • Vice Chair ‑ Representative Leon Lillie elected
   • Secretary ‑ Senator Jeff R. Howe elected


3. Approval of April 29, 2024, meeting minutes. ‑ Approved


4. Appointment of Commission actuary. ‑ VIA Actuarial Services appointed.
   • Staff memo


5. Presentations by the executive directors of the Minnesota State Retirement System (MSRS), Public Employees Retirement Association (PERA), Teachers Retirement Association (TRA), and St. Paul Teachers Retirement Fund Association (SPTRFA).
   • Erin Leonard, Executive Director, MSRS (MSRS presentation)
   • Doug Anderson, Executive Director, PERA (PERA presentation)
   • Tim Maurer, Executive Director, and Holly Dayton, Legislative Liaison, TRA (TRA presentation)
   • Phill Tencick, Executive Director/CIO, SPTRFA (St. Paul Teachers presentation)


6. Mandatory reporting to the Commission (may roll to next meeting as time permits).
   • Staff memo
   • Report on the PERA Statewide Volunteer Firefighter Incentive Program
   • Doug Anderson, Executive Director, PERA
   • Report on pension fund correction of operational errors ‑ Carried over to next meeting
   • MSRS report
   • PERA report
   • TRA report
   • St. Paul Teachers report
   • Report on IRAP to TRA transfers ‑ Carried over to next meeting

*NOTE: The doors to the Capitol Building will be locked at 5:00 PM, so try to be inside the building before that time if you are attending the meeting in person. For access to the Capitol after 5:00, you will need to use the call box button (may be labeled “Emergency Call Box”) located on the ground floor level underneath the south steps. This will be answered by the State Patrol, and they will send an officer to open the door for you.

PUBLIC VIEWING INFORMATION: This meeting will be streamed live by the Senate (YouTube link).

TESTIFYING: There will be no public testimony at this meeting

MEETING DOCUMENTS are also posted on the legislative calendar as soon as they are available.

ACCESSIBILITY/ACCOMMODATION: To comment on digital accessibility to meeting information, please submit comments using the Accessibility Comment Form. To request an accommodation, please visit FAQs for Disability Access or contact the LCC Accessibility Coordinator at accessibility.coordinator@lcc.mn.gov.