"The Legislative Commission on Pensions and Retirement is created to study and investigate public retirement systems."
-Minnesota Statutes, Section 3.85
The commission makes a continuing study and investigation of state public pension plans. The commission makes recommendations to the legislature including financing of the various pension funds and financing of accrued liabilities. The commission considers and oversees all aspects of pension planning to establish and maintain sound pension policy for all funds. All public pension legislation is reviewed by the commission before action in policy making committees.
The commission consists of five members of the senate and five members of the house of representatives. Members are appointed at the commencement of each biennium.
