1. Approval of March 25, 2025, meeting minutes.
2. SF 1122 (Frentz); HF 139 (O'Driscoll): PERA Police and Fire Plan; State Patrol Plan; Increasing postretirement adjustments; eliminating the waiting period for a postretirement adjustment for the PERA Police and Fire Plan.
   • SF1122-HF0139 Summary
   • Testifiers:
     • Erin Leonard, Executive Director, Minnesota State Retirement System (MSRS)
     • Doug Anderson, Executive Director, Public Employees Retirement Association (PERA)
     • Mike LeDoux, President, MN State Patrol Troopers Assoc. (MSPTA), Handout 1 Highlighted principles, Handout 2, COLA study presentation
     • David Titus, Deputy Director, MN Police & Peace Officers Assoc. (MPPOA), retired police officer
     • Scott Vadnais, President, MN Professional Fire Fighters (MPFF)
     • Brad Jacobsen, retired police officer
     • Karen Fasulo, surviving spouse of Edina firefighter Wally Fasulo
     • Brian Rice, attorney, lobbyist, MN Retired Police Pension Association, Excerpt from the LCPR COLA Study, Purchasing Power Protection slide
     • Adam A. Grobove III, retired peace officer; Board Member, Peace Officer Pension Association-MN; Elected Official of a Township in Chisago County with Fire & Peace Officer retirees
   • Submitted testimony:
     • Hennepin Co. Assoc. of Paramedics and EMTs(HCAPE) letter in support of the bill; submitted by Shane Hallow, President
     • Rob Molstad, retired, St. Louis Park Police Department
     • Minnesota Sheriffs' Association letter in support of the bill; submitted by James Stuart, Executive Director
3. SF 3192; HF 2821 (O'Driscoll): PERA General Plan; Increasing the postretirement adjustment; revising the expiration of the additional employer contribution.
   • SF3192-HF2821 Summary
   • Testifier: Doug Anderson, Executive Director, PERA, Exhibit, SF3192-HF2821
4. Bill draft LCPR25-031 (Pappas): PERA; Expanding the privatization chapter to cover all governmental subdivisions that privatize, not just medical facilities; modifying the withdrawal liability calculation.
   • LCPR25-031 Summary
   • Testifier: Doug Anderson, Executive Director, PERA, Example of Privatization Bill Impact on an Employer
5. Report of the Amortization Work Group.
   • Bill draft CPR25-009: Amortization Work Group bill.
   • Amendment LCPR25-009-1A
   • First Amendment to the Standards for Actuarial Work
   • Testifiers:
     • Erin Leonard, Executive Director, MSRS
     • Doug Anderson, in two capacities:
       1. on behalf of the Amortization Work Group, Amortization Work Group Presentation
       2. as Executive Director on PERA's Board position
     • Tim Maurer, Executive Director, TRA, Layered Amortization Considerations for TRA
     • Phill Tencick, Executive Director/CIO, St. Paul Teachers
6. Bill draft LCPR25-030: Firefighter Relief Associations; Repealing the Investment Business Recipient Disclosure annual reporting requirement.
   • LCPR25-030 Summary
   • Testifier: State Auditor Julie Blaha

PUBLIC TESTIMONY: To testify or submit written testimony on an agenda item, please contact the Commission staff at (lisa.diesslin@lcpr.mn.gov) by 5:00 PM on Monday, March 31, identifying the specific item on which you would like to testify, your name, organization and title (if applicable), email address, and phone number. Testimony is limited to the items listed on the agenda.

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