|Two-Day Agenda, Revision #2||Documents||Action|
|Note: Topic consideration may follow a different order depending on testifier availability.|
|January 28, 2014:|
|1.||Approval of minutes.||Minutes||Approved|
|2.||Commission interim project: Review of alternative retirement plan designs, second consideration:
- Commission staff memo: Approach to hybrid defined benefit/defined contribution retirement plans.
- Presentations on retirement plan design:
Luke Martel, Senior Policy Specialist, National Conference of State Legislatures
Josh McGee, VP of Public Accountability, the Laura and John Arnold Foundation
Diane Oakley, Executive Director, National Institute on Retirement Security
|2nd Consid. Memo
K. Crockett materials
|January 29, 2014:|
|3.||Commission interim project: Membership inclusions and exclusions, third consideration:
- Commission staff memo: Potential proposed legislation reorganizing and updating MSRS, PERA,
and TRA membership inclusions and exclusions statutory provisions.
- PERA minimum salary level for inclusion: Additional testimony and consideration of options.
|3nd Consid. Memo
PERA's Proposal LCPR14-020
PERA Membership Study
|4.||Commission interim project: Actuarial assumptions, third consideration:
- Post-retirement adjustment actuarial assumption options.
|3nd Consid. Memo||No action|
|5.||Chaska Volunteer Firefighter Relief Association; Requested Commission approval of proposed mortality actuarial assumption change.||Chaska Fire letter
|6.||Mandated study on the feasibility and requirements necessary for the consolidation of the Duluth Teachers Retirement Fund Association and the St. Paul Teachers Retirement Fund Association into the Teachers Retirement Association (Laws 2013, Ch. 111, Art. 13, Sec. 22).|
- Presentation of the study report:
Jay Stoffel , Executive Director (former), Duluth Teachers Retirement Fund Association
Paul Doane, Executive Director, St. Paul Teachers Retirement Fund Association
Laurie Hacking, Executive Director, Teachers Retirement Association
|Study Report||No action|
|7.||Statewide retirement plan contribution rate deficiency revision recommendations.
- MSRS-General and MSRS-Correctional
|8.||Commission Actuarial Services Subcommittee membership appointment.|
|9.||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.