April 22, 2025, Pension Commission Meeting

Agenda

1. Approval of April 8, 2025, meeting minutes.


2. Motion LCPR25-M1: Approving changes to actuarial assumptions for:
   • MSRS State Patrol, Correctional, and Judges Retirement Funds
   • PERA Police and Fire and Correctional Retirement Plans


3. Motion LCPR25-M2: Approving changes to actuarial assumptions regarding combined service annuities for:
   • MSRS General, State Patrol, and Correctional Retirement Funds
   • PERA General, Police and Fire, and Correctional Retirement Plans
   • Teachers Retirement Association (TRA)
   • St. Paul Teachers Retirement Fund Association (SPTRFA)


4. Revisor# 25-05437: Firefighter Relief Associations; Repealing the Investment Business Recipient Disclosure annual reporting requirement. (laid over from the April 1 meeting)
   • Summary from the April 1 meeting (drafted to LCPR25-030)


5. Recommendations of the MSRS Correctional Plan Eligibility Work Group.
   • Proposed legislation: LCPR25-003
   • Amendment LCPR25-003-1A
   • Amendment LCPR25-003-2A
   • Summary of Work Group, Proposed Legislation, and Amendments


6. SF 1986 (Kupec); HF 1779 (Wolgamott), as amended by Amendment S1986-2A: PERA General and MSRS General plans; Authorizing an unreduced early retirement annuity for probation agency employees; adding a definition for probation agency employee; increasing employee contributions for probation agency employees. (laid over from the March 25 meeting)
   • Amendment S1986-1A
   • Amendment S1986-2A ‑ Adopted by the Commission on March 25
   • SF1986-HF1779 Summary from the March 25 meeting

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.

PUBLIC TESTIMONY: Persons interested in testifying must email lisa.diesslin@lcpr.mn.gov by 5:00 PM on Monday, April 21, identifying the specific agenda item on which you would like to testify, your name, title, and organization (if applicable), email address, and phone number. Testimony is limited to the items listed on the agenda.

NOTE: For access to the Capitol after 4:30 PM, use the emergency call box button located on the ground floor level underneath the south steps. The State Patrol will answer and will send an officer to let you in.

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