Legislative Commission on Pensions and Retirement
Legislative Commission on Pensions and Retirement

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Pension Commission Meeting Archives

Pension Commission Meeting Archives

2017 Meetings:

Date/Time

Location

Agenda and Meeting Materials

Audio and Minutes

May 10, 2017, 8:30 pm

Room 1150
Minnesota Senate Building

 Agenda, Materials & Action

Audio to come
Minutes to come

May 8, 2017, 5:30 pm

Room 123
State Capitol

 Agenda, Materials & Action

  • LCPR17-035 (Murphy, M.): PERA; Authorizing an eligible Duluth township employee to elect PERA general plan coverage and receive retroactive coverage.
  • LCPR17-036 (Murphy, M.): MSRS-Unclassified; Grandfathering current factors used in the calculation of annuities under the MSRS Unclassified Program.
  • S.F. 1705 (Rosen); H.F. 2126 (O'Driscoll): MSRS; Revising augmentation rates for certain terminated privatized employees (Fairview).
  • LCPR17-038; Minnesota public employee pension plans; Benefit and contribution changes.

Audio to come
Minutes to come

April 25, 2017, 5:30 pm

Room 1200
Minnesota Senate Building

 Agenda, Materials & Action

  • MSRS-Unclassified; Change in factors for converting an account to an annuity (eff. 7/1/17).
  • S.F. 1384 (Rosen); H.F. 1672 (Murphy): Volunteer firefighter relief associations (VFRAs); Implementing the recommendations of the Volunteer Fire Relief Association Working Group.
  • S.F. 1705 (Rosen); H.F. 2126 (O'Driscoll): MSRS; Revising augmentation rates for certain terminated privatized employees (Fairview).

Audio
Minutes to come

April 18, 2017, 5:30 pm

Room G-15
State Capitol

 Agenda, Materials & Action

  • S.F. 2233 (Rosen); H.F. 2486 (O'Driscoll): MSRS, TRA, SPTRA; Governor's funding proposal.
  • SF xxxx; HF xxxx: VFRAs/PERA-SVFRP; Permitting relief association withdrawal from the statewide plan in order to join a volunteer firefighter relief association.
  • Deloitte Consulting: Review of the 2016 Actuarial Valuations and TRA Replication Valuation.

Audio
Minutes (PDF / HTML)

March 21, 2017, 5:30 pm

Room G-15
State Capitol

 Agenda, Materials & Action

  • SF 1864 (Simonson); HF 2390 (Murphy, M.): Modifying provisions for purchasing salary or service credit for periods of workers' compensation.
  • SF xxxx; HF 2236 (Thissen): Local police & fire plans; Adjusting benefits for former members and surviving spouses of former members of a local salaried police and fire relief association.
  • SF 1839 (Miller); HF xxxx: Authorizing a Winona State University employee to elect prospective and retroactive TRA coverage,
  • Keeping the Promise: Securing Retirement Benefits for Current and Future Public Employees - Kim Crockett, Vice President, Senior Policy Fellow and General Counsel, Center of the American Experiment.

Audio
Minutes (PDF / HTML)

March 14, 2017, 5:30 pm

Room G-15
State Capitol

 Agenda, Materials & Action

  • S.F. 26 (Sparks); H.F. 11 (Poppe): Austin Fire Relief Association/PERA-P&F; Permitting an alternative allocation of fire state aid for the city of Austin.
  • S.F. 1945 (Lourey); H.F. 2092 (Rarick): PERA-SVFRP; Permitting the city of Brook Park to lower the service pension level under the statewide plan.
  • S.F. xxxx; H.F. xxxx: VFRAs; Requiring municipal ratification of benefit increases by volunteer firefighter relief associations if the municipality makes contributions.
  • S.F. 1384 (Rosen); H.F. 1672 (Murphy): Volunteer firefighter relief associations (VFRAs); Implementing the recommendations of the Volunteer Fire Relief Association Working Group.

Audio
Minutes (PDF / HTML)

March 7, 2017, 5:30 pm

Room G-15
State Capitol

 Agenda, Materials & Action

  • Presentation on Public Employees Retirement Association privatizations.
  • S.F. 1705 (Rosen); H.F. 2126 (O'Driscoll): MSRS; Revising augmentation rates for certain terminated privatized employees (Fairview).
  • S.F. 436 (Pappas); H.F. 977 (O'Driscoll): MSRS-Correctional; Including additional Department of Corrections employees in plan coverage.
  • S.F. 522 (Frentz); H.F. 637 (Johnson, C.): MSRS-Correctional; Including additional Department of Human Services employees in plan coverage.

Audio
Minutes (PDF / HTML)

February 28, 2017, 5:30 pm

Room G-15
State Capitol

 Agenda, Materials & Action

  • Discussion of the benefits and features of MSRS-General, PERA-General, and TRA - Staff presentation on possible benefit changes and cost savings.

Audio
Minutes (PDF / HTML)

February 21, 2017, 5:30 pm

Room G-15
State Capitol

 Agenda, Materials & Action

  • Public testimony on S.F. 1064 (Rosen); H.F. 1288 (O'Driscoll): MSRS funding proposal.
  • Public testimony on S.F. 1066 (Rosen); H.F. 1090 (O'Driscoll): PERA/PERA-P&F funding proposal.
  • S.F. xxxx; H.F. 1460 (O'Driscoll): MSRS administrative bill.
  • S.F. xxxx; H.F. 1471 (O'Driscoll): PERA administrative bill.
  • S.F. 746 (Rosen); H.F. 721 (Murphy, M.): TRA administrative bill.

Audio
Minutes (PDF / HTML)

February 14, 2017, 5:30 pm

Room G-15
State Capitol

 Agenda, Materials & Action

  • Public testimony on S.F. xxxx; H.F. xxxx: SPTRFA financial solvency measures.
  • Public testimony on S.F. 930 (Rosen); H.F. 722 (Murphy, M.): TRA financial solvency measures.
  • Motion LCPR17-M1: Approval of actuarial assumptions for MSRS-General, MSRS-Correctional, State Patrol Plan, Legislators Plan, PERA General, PERA-Correctional, PERA-P&F, SPTRFA, and TRA.
    Review of actuarial assumption changes resulting from the Combined Service Annuity study.
  • S.F. 545 (Rosen); H.F. 565 (O-Driscoll): Revised and updated 2016 Omnibus Retirement Bill.

Audio
Minutes (PDF / HTML)

February 7, 2017, 5:30 pm

Room G-15
State Capitol

 Agenda, Materials & Action

  • Overview of the Governor's budget as it relates to Minnesota public pension plans; Myron Frans, MMB Commissioner.
  • S.F. xxxx; H.F. xxxx: MSRS financial solvency measures.
  • S.F. xxxx; H.F. xxxx: PERA financial solvency measures.
  • S.F. xxxx; H.F. 722 (Murphy, M.): TRA financial solvency measures.
  • S.F. xxxx; H.F. xxxx: SPTRFA financial solvency measures.
  • Statewide General Employee Pension Plans, Benefit Analysis and Possible Cost Savings Changes.

Audio
(the first 4 minutes are silent)
Minutes (PDF / HTML)

January 31, 2017, 5:30 pm

Room G-3
State Capitol

 Agenda, Materials & Action

  • Election of 2017-2018 Commission officers.
  • Update on Minnesota public pension plan asset investment performance.
  • Update on the Governor's Blue Ribbon Panel on Pension Reform and the Blue Ribbon Panel Report.
  • Pensions 101: Overview of the Pension Commission and public pensions; Commission staff and Deloitte Consulting.

Audio Part 1 (before recess)
Audio Part 2 (after recess)
Minutes (PDF / (HTML)


Previous Years:


2016 meetings

2015 meetings

2014 meetings

2013 meetings

2012 meetings

2011 meetings

2010 meetings

2009 meetings

2008 meetings

2007 meetings


For 1996-2006 meetings, please contact the Commission office.
For 1955-1995 meetings, records are housed at the Minnesota Historical Society in the Minnesota State Archives

Legislative Commission on Pensions and Retirement  ·  55 State Office Building, St. Paul, MN 55155   ·  lcpr@lcpr.leg.mn