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4/8/2015 Agenda Revision #1
MEETING:    Legislative Commission on Pensions and Retirement
PLACE:    Basement Hearing Room, State Office Building
DATE: April 8, 2015
TIME: 5:30PM

Printable PDF

Agenda

Materials

Action


1. 

Approval of March 24, 2015, meeting minutes.
 

Minutes

Adopted

2. 

Presentation by the Commission actuary, Deloitte Consulting, LLP.
 

Presentation

  --

3. 

Presentation by the State Board of Investment Executive Director Mansco Perry III.
 

Presentation

  --

4. 

Discussion of the MERF-PERA merger
   H.F. 1203 (O'Driscoll), S.F. 1139 (Pappas)
    Amendment H1508-9A - Passed as amended:
      Amendment LCPR15-06A - passed
      Delete Section 30 - passed
      Line 5.3, strike "11" and insert "12"; line 5.4, strike "10" and insert "11";
        line 5.10, strike "5" and insert "6" - passed
 

  --

Amended, passed

5. 

Reconsideration of H.F. 298 (Runbeck); S.F. 251 (Chamberlain): Providing for continued retirement coverage by the Centennial Volunteer Firefighters Relief Association upon withdrawal of one city from the Centennial Fire Department joint powers agreement.
    Amendment H1508-7A: HF298/SF251 as amended by the Commission on March 10 - passed
    Amendment H1508-8A - passed
    Amendment H1508-10A - passed
 

Staff memo

Amended, passed

6. 

Review and final action on the 2015 Omnibus Retirement Bill. (Delete-all amendment H1508-2A)
     Amendments:
          H1508-3A: Clarifying the termination of police and firefighter retirement supplemental state aid - passed as amended (corrected cross-reference)
          H1508-5A: Clarifying the SPTRFA post-retirement adjustment mechanism - passed
          H1508-6A: Clarifying the language of the interest rate actuarial assumption provisions - passed
 

Summary
 

Amended, passed

7.  

Other items as designated by the Commission Chair.
 

 

 


To testify, please contact Commission Assistant Lisa Diesslin at lisa.diesslin@lcpr.mn.gov or 651-296-2750. 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.