Legislative Commission on Pensions and Retirement

AGENDA

1. Approval of March 6, 2018, meeting minutes. Approved

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2. Minnesota Management and Budget testimony on the 2018 Omnibus Retirement Bill. 
• Myron Frans, Commissioner
• Paul Moore, Executive Budget Officer
• Britta Reitan, Executive Budget Coordinator

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3. Motion LCPR18-M3 (PDF / HTML): SPTRFA; Changes to demographic and economic assumptions for actuarial valuations. Passed

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4. SF 3185 (Frentz); HF 3720 (Thissen): PERA-General; Excluding certain St. Paul city and school district temporary construction employees who are covered by the Minnesota Laborers Pension Fund. Passed
   • Staff memo (PDF / HTML)

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5. SF 2971 (Lang); HF 3353 (Miller): PERA Privatizations; Clarifying a 1992 session law impacting employees of the Swift County/Benson Hospital. Passed as amended
   • Amendment S2971-1A (PDF / HTML) Passed
   • Staff memo (PDF / HTML)

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6. SF 2620 (Rosen); HF 3053 (O'Driscoll): 2018 Omnibus Retirement Bill, third consideration (for previous meeting materials and legislation, see the 3/6 agenda).  
• Minnesota Retirement Funds 30-Year Costs vs. Savings Chart
• Technical Amendment S2620-1A (PDF / HTML) Passed
• Amendment SCS2620A-4 (appropriations) (PDF / HTML) Passed
• S2620-4A (PDF / HTML) Passed
• S2620-5A (PDF / HTML) Passed
• Final action on the 2018 Omnibus Bill Passed as amended