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Capital IconMinnesota Legislature
MEETING:    Legislative Commission on Pensions and Retirement
PLACE:    Room 112 Capitol
DATE: March 5, 2013
TIME: 7:00 PM

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Approval of the minutes.


No action
2. Review of the July 1, 2012, actuarial valuation reports.
      -William V. Hogan, FSA, Milliman, Commission reviewing actuary
      -Tim Herman, FSA, Milliman, Commission reviewing actuary
Presentation --
3. S.F. 272 (Pappas); H.F. 403 (Nelson): State Patrol Plan; Contribution, vesting, post-retirement adjustments revisions.
S.F. 447 (Pappas); H.F. 618 (Nelson): PERA-P&F; PERA-Correctional; PERA plans; Modifying post-retirement adjustments trigger; modifying duty disability provisions; PERA-P&F vesting, contribution rate, early retirement reduction modifications, survivor benefit clarification, first post-retirement adjustment delay.
Staff materials Passed as amended
Passed as amended
4. S.F. 275 (Pappas); H.F. 341 (Nelson): PERA; Repealing the Social Security leveling option.
Staff materials Laid over
5. S.F. 529 (Pappas); H.F. 650 (Nelson): TRA; Phase-in of actuarial equivalent early retirement reduction factors 2015-2019.
Staff materials Laid over
6. S.F. 935 (Pappas); H.F. 857 (Atkins): Retirement funding; Imposing a homeowners and auto insurance policy surcharge to fund public safety employee retirement plan costs.
Staff materials Amended, laid over

7. S.F. 983 (Cohen); H.F. 953 (Hilstrom): Judges Retirement Plan; Financial sustainability plan provisions and contribution revisions.
Staff materials Passed as amended
8.   Other Items as Designated by the Commission Chair.

Persons wishing to testify may contact Lisa Diesslin by e-mail or by calling 651-296-6806 to be added to the public testimony list. Please indicate the agenda item of interest.

If accommodations for the meeting under the Americans With Disabilities Act are needed, please call 651-296-2750 (651-296-9896 for TDD) as far in advance as possible.