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Monday, February 12, 2024 8:30 AM

Legislative Commission on Pensions and Retirement

Room: 120 State Capitol
Chair: Rep. Kaohly Vang Her
Agenda:

Action Items


  1. Approval of meeting minutes
    • May 4, 2023, October 30, 2023, and January 11, 2024, Commission meetings
    • January 8, 2024, Executive Committee meeting
  2. Designation of member of the Secure Choice board of directors to convene the first meeting

Informational Items


  1. Presentation by the Commission actuary, VIA Actuarial Solutions - VIA Presentation
    • Review of July 1, 2023, pension plan actuarial valuations and 2018-2022 experience studies
    • Recently effective Actuarial Standard of Practice No. 4
    • Overview of amortization and layered amortization
      • Mark W. Schulte, FSA, EA, MAAA, President and Consulting Actuary
      • Emily M. Knutson, FSA, EA, MAAA, Consulting Actuary
    • Submitted Testimony:
      • Mark Haveman, Executive Director, Minnesota Center for Fiscal Excellence (cover letter and "Observations on the State of State Pensions," combined into one document)
  2. Presentation by the St. Paul Teachers Retirement Fund Association (SPTRFA) - SPTRFA Presentation
    • Phill Tencick, Executive Director/CIO
  3. Presentation by the Minnesota State Retirement System (MSRS) - MSRS Presentation
    • Erin Leonard, Executive Director
  4. Presentation by the Public Employees Retirement Association (PERA) - PERA Presentation
    • Doug Anderson, Executive Director
  5. Presentation by the Teachers Retirement Association (TRA) - TRA Presentation
    • Jay Stoffel, Executive Director
    • Holly Dayton, Legislative Liaison

PUBLIC VIEWING INFORMATION: This meeting may be viewed live on the House HTV2 webcast channel.

WRITTEN TESTIMONY: To submit written testimony on an agenda item, please submit documents to the Commission staff (lisa.diesslin@lcpr.mn.gov) by 12:00 noon on Thursday, February 8.

ACCESSIBILITY/ACCOMMODATION: To comment on digital accessibility to meeting information, please submit comments using the Accessibility Comment Form. To request an accommodation, please visit FAQs for Disability Access or contact the LCC Accessibility Coordinator at accessibility.coordinator@lcc.mn.gov.

MEETING DOCUMENTS are also posted on the Commission website (www.lcpr.mn.gov) as soon as they are available.


For more agenda information, click here

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Easter recess

  • Begins on Wednesday, March 27 at 5:00 PM
  • Legislative activities resume on Tuesday, April 2 at 12:00 noon

Eid recess

  • Begins on Tuesday, April 9 at 5:00 PM
  • Legislative activities resume on Thursday, April 11 at 12:00 noon

Passover recess

  • All day on Monday, April 22 and Tuesday, April 23
  • Legislative activities resume on Wednesday, April 24 at 12:00 noon

This calendar displays meetings that are listed on the House and Senate calendar pages. This includes meetings from the House (2007-present), the Senate (2009-present), and the Commissions, Joint Committees and Task Forces and Working Groups (2011-present).
Live Video Icon Live Audio Icon The "Live Video" and "Live Audio" links will open a window to the live broadcast on the correct date and time of the House meeting. For Senate audio and video, visit the Senate Media page.