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Capital IconMinnesota Legislature
Nov. 6-7, 2013, Agenda
MEETING:    Legislative Commission on Pensions and Retirement
PLACE:    Room 123 Capitol
DATE: November 6-7, 2013
TIME: Wed. 11/6 - 1:00 PM
Thur. 11/7 - 9:00 AM

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Two-Day Agenda



        Note:  Topic consideration may follow a different order depending on testifier availability.
November 6, 2013:


Approval of minutes.

10/23/13 Minutes

2. Review of Minnesota defined benefit public employee retirement plan post-retirement adjustment mechanisms, third consideration:
   a. Concept of benefit adequacy.
   b. Retiree purchasing power issues.
   c. Retiree cohort information.
   d. Survey of post-retirement adjustment procedures in comparable states.
   e. Correspondence from the Laura and John Arnold Foundation.
3rd Consid. Staff Memo
   Previous materials:
   1st Consid. Staff Memo
   2nd Consid. Staff Memo
Add'l materials post-meeting:
   P&F Social Security Coverage
No action
3.  Alternative retirement plan design, first consideration.
-Commission staff materials
-Presentation by MSRS, PERA and TRA on the 2011 Retirement Plan Design Study Report
1st Consid. Staff Memo
2011 Study Report
Presentation materials
No action
4.  Local government correctional retirement plan expansion, first consideration.
S.F. 998 (Hayden); H.F. 884 (Nelson): PERA-Correctional; Adding probation officers, 911 dispatchers, and Hennepin County security guards to plan coverage.
1st Consid. Staff Memo
No action
November 7, 2013:


Continuation of agenda items from Wednesday.


6. Other items as designated by the Commission chair:
Statewide Retirement Plan Administrators Request for Actuarial Standards Amendment Relating to the Recognition of Future Post-Retirement Adjustments


 No action

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.