April 1, 2025, Pension Commission Meeting

Agenda

1. Approval of March 25, 2025, meeting minutes.


2. SF 1122 (Frentz); HF 139 (O’Driscoll): PERA Police and Fire Plan; State Patrol Plan; Increasing postretirement adjustments; eliminating the waiting period for a postretirement adjustment for the PERA Police and Fire Plan.


3. SF xxxx; HF 2821 (O'Driscoll): PERA General Plan; Increasing the postretirement adjustment; revising the expiration of the additional employer contribution.


4. SF xxxx; HF xxxx (LCPR25-031): PERA; Expanding the privatization chapter to cover all governmental subdivisions that privatize, not just medical facilities; modifying the withdrawal liability calculation.


5. SF xxxx; HF xxxx (LCPR25-009): Amortization Work Group bill.
   • Report of the Amortization Work Group
   • Amendment LCPR25-009-1A
   • First Amendment to the Standards for Actuarial Work


6. SF xxxx; HF xxxx (LCPR25-030): Firefighter Relief Associations; Repealing the Investment Business Recipient Disclosure annual reporting requirement.

PUBLIC TESTIMONY: Persons interested in testifying must email Lisa Diesslin at lisa.diesslin@lcpr.mn.gov by 5:00 PM on Monday, March 31, identifying the specific agenda item on which you would like to testify, your name, organization and title (if applicable), email address, and phone number. Testimony is limited to the items listed on the agenda.

NOTE: To access the Minnesota Senate Building after 5:00, use the main entrance on the corner of University Avenue and Park Street. There will be a security guard at that entrance after hours to let you in.

PUBLIC VIEWING INFORMATION: This meeting will be streamed live by Senate Media Services. See www.senate.mn/schedule/webcast-schedule for the webcast schedule or the Senate Media YouTube page for YouTube streaming. Note that these links may not appear until the day of the meeting.

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

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