March 25, 2024 8:30 AM |
Remote meeting |
Agenda, Materials & Action
TRA pensions as compared to teacher pensions in other states
- Presentation by the National Association of State Retirement Administrators (NASRA).
- Presentation by The Pew Charitable Trusts: "Research on Public Pension Retirement Security and Teachers’ Benefits.
- HF 3972 (Wolgamott); SF 4196 (Gustafson): Teachers Retirement Association (TRA); Modifying the early retirement reduction factors; increasing employer contributions; increasing pension adjustment revenue for school districts.
- HF 3808 (Nadeau); SF 4348 (Pratt): TRA; providing for an unreduced retirement annuity upon reaching age 62 with 30 years of service; increasing the employee contribution rate.
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House Video House YouTube Video |
March 18, 2024 8:30 AM |
Room 120 Capitol |
Agenda, Materials & Action
- Approval of meeting minutes
- HF 3675 (Wolgamott); SF 3822 (Kupec): Minnesota State Retirement System (MSRS) General Plan; Unreduced early retirement annuity for select Department of Corrections employees if the employee is at least 62 years old or has at least 30 years of service.
- HF 4081 (Stephenson); SF 4092 (Gustafson): Public Employees Retirement Association (PERA) Correctional Plan; Increasing the benefit multiplier from 1.9% to 2.2% for prospective service; increasing employee and employer contributions
- HF 4933 (Nadeau); SF 4968 (Pappas): Teachers Retirement Association (TRA), St. Paul Teachers Retirement Fund Association (SPTRFA); Extending the suspension of the earnings limitation for retired teachers who return to teaching.
- HF 4899 (O'Driscoll); SF 5073 (Westlin): PERA Defined Contribution Plans; Defined contribution plan federal compliance.
- HF xxxx; SF 5062 (Rasmusson): PERA Statewide Volunteer Firefighter Plan (SVF); Adding a defined contribution plan and making administrative changes.
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House Video House YouTube Video
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March 11, 2024 8:30 AM |
Room 120 Capitol |
Agenda, Materials & Action
- Approval of meeting minutes
- HF 4428 (Nelson); HF 4606 (Rasmusson): Public Employees Retirement Association (PERA); Amending withdrawal liability for privatizing medical facilities.
- HF 4429 (Nelson); SF 4751 (Seeberger): PERA General and Correctional; Modifying the limitation on disability benefit payments by eliminating an offset for income received from workers' compensation.
- HF 4553 (Tabke); SF 4645 (Hauschild): State Patrol Plan; Codifying the right to return to employment and continue receiving an annuity.
- HF 4656 (Pursell); SF 4759 (Westlin): Supplemental Plans; Allowing employer matching contributions on account of an employee's qualified student loan payments under Secure 2.0; modifying other provisions for supplemental deferred compensation plans.
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House Video House YouTube Video Minutes |
March 4, 2024 8:30 AM |
Room 120 Capitol |
Agenda, Materials & Action
- Approval of meeting minutes
- HF 3930 (Frederick); SF 3761 (Frentz): MSRS Correctional; Adding “music therapist” to the positions eligible for coverage; permitting the purchase of past service credit.
- HF xxxx; SF 4424 (Pappas): MSRS Correctional; Adding “baker,” “cook,” “culinary supervisor,” and “kitchen supervisor” to the positions eligible for coverage; permitting the purchase of past service credit.
- HF 4248 (Moller); SF xxxx: Secure Choice Retirement Program; Permitting home and community-based services employees to participate in the program.
- HF 4270 (Becker-Finn); SF 4319 (Pappas): Secure Choice; Modifying requirements applicable to the board of directors; authorizing the appointment of an interim executive director; making technical corrections.
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House Video House YouTube Video Minutes |
February 26, 2024 8:30 AM |
Room 120 Capitol |
Agenda, Materials & Action
- Approval of meeting minutes
- Approval of firefighter relief association actuarial assumption changes
- Motion LCPR24-M3: Brooklyn Center Firefighters’ Relief Association
- Motion LCPR24-M4: Minnetonka Firemen’s Relief Association
- Motion LCPR24-M5: Chaska Fire Department Relief Association
- HF 3636 (Cha); SF 3574 (Pappas): Recommendations of the State Auditor’s Volunteer Fire Relief Association Working Group
- Report on the Statewide Volunteer Firefighter Plan (SVF) Incentive Program
- HFxxxx (Berg); SF xxxx (Nelson), Revisor #24-07097: Public Employees Police and Fire Retirement Plan (PERA P&F); Revising eligibility for firefighters
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House Video
House YouTube Video
Minutes |
February 19, 2024 8:30 AM |
Room 120 Capitol |
Agenda, Materials & Action
- Approval of meeting minutes
- Motion LCPR24‑M2: Approval of actuarial assumption changes for the Minnesota State Retirement System (MSRS) General and Legislators Plans, Public Employees Retirement Association (PERA) General Plan, and Teachers Retirement Association (TRA)
- HFxxxx/SFxxxx (Revisor #24-06717): IRAP to TRA Work Group bil
- HFxxxx/SFxxxx (Revisor #24-06830): Minnesota State Retirement System Administrative bill
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House Video
House YouTube Video
Minutes |
February 12, 2024 8:30 AM |
Room 120 Capitol |
Agenda, Materials & Action
- Approval of May 4, 2023, Oct. 30, 2023, and Jan. 11, 2024, Commission meetings and Jan. 8, 2024, Executive Committee meeting minutes
- Designation of member of the Secure Choice board of directors to convene the first meeting
- Presentation by the Commission actuary VIA Actuarial Solutions
- Presentation by the St. Paul Teachers Retirement Fund Association
- Presentation by the Minnesota State Retirement System (MSRS)
- Presentation by the Public Employees Retirement Association
- Presentation by the Teachers Retirement Association
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House Video House YouTube Video Minutes |
January 11, 2024 4:00 PM |
Fergus Falls |
Agenda, Materials & Action
- Listening Session - Public Testimony
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House Video
YouTube Video
Minutes |
Executive Committee January 8, 2024 10:00 AM |
Remote |
Agenda, Materials & Action
- Minnesota Secure Choice Retirement Program Board of Directors
- Consideration of applicants for three seats to be appointed by the LCPR
- Approval of appointments
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House Video
YouTube Video
Minutes |