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

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9-20-2017 Pension Commission Agenda

Legislative Commission on Pensions and Retirement

Wednesday, September 20, 2017, 2:00 p.m.
Room G-15, State Capitol

If accommodations under the Americans With Disabilities Act are needed, please call 651-296-2750 (651-296-9896 for TDD).

Agenda

Printable Agenda (PDF)

  1. Approval of prior meeting minutes.  
     

  2. Report from the pension fund executive directors: 
    1. What impact does the 15.1% investment return for FY 2017 have on the funded status of the pension plans?
    2. How much did the 2017 veto of the pension bill cost the pension plans?
      • Erin Leonard, Executive Director, MSRS
      • Doug Anderson, Executive Director, PERA
      • Jay Stoffel, Executive Director, TRA
      • Jill Schurtz, Executive Director, SPTRFA

  3. Presentation summarizing national economic forecasts and thoughts on pension plan discount rate.  
    • Laura Kalambokidis, Minnesota State Economist

  4. Report on the Combined Funds' investment rate of return for FY 2017. 
    • Mansco Perry, Executive Director, State Board of Investment