Room: 120 State Capitol
Chair: Rep. Kaohly Vang Her
Agenda: Action Items
- Approval of meeting minutes
- May 4, 2023, October 30, 2023, and January 11, 2024, Commission meetings
- January 8, 2024, Executive Committee meeting
- Designation of member of the Secure Choice board of directors to convene the first meeting
Informational Items
- 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)
- Presentation by the St. Paul Teachers Retirement Fund Association (SPTRFA) - SPTRFA Presentation
- Phill Tencick, Executive Director/CIO
- Presentation by the Minnesota State Retirement System (MSRS) - MSRS Presentation
- Erin Leonard, Executive Director
- Presentation by the Public Employees Retirement Association (PERA) - PERA Presentation
- Doug Anderson, Executive Director
- Presentation by the Teachers Retirement Association (TRA) - TRA Presentation
- Jay Stoffel, Executive Director
- Holly Dayton, Legislative Liaison
- Submitted testimony related to TRA and teacher pensions:
- Jason Savage, Pillager Public Schools principal
- Robert Laine, Lake of the Woods High School Career and Technical Education teacher
- Paul Peterson, International Falls special education teacher
- Dave Ostergaard, Tier II teacher
- Ann Millan, Robbinsdale Spanish Immersion School 5th grade teacher
- Diana Regis, Lakeville School District Tier II teacher
- Elizabeth Martin-Baxter, Wyoming Elementary media innovation & art specialist
- Greg Hygrell, Greg Hygrell, ISD #877 Buffalo-Hanover-Montrose Tier II science teacher
- Jennifer Demars, Jennifer DeMars, Fridley Public Schools Tier II teacher
- Julie Martzke, ISD #196 Rosemount-Apple Valley-Eagan school psychologist
- Robin and Pete Kautto, Staples-Motley teachers
- Jon DeMars, Mounds View Schools teacher
- Lisa Ruehling, Jordan Schools math specialist
- Maggie Temple, Hopkins High School teacher
- Jeff Soma, Mankato Area Public Schools 5th grade teacher
- JoAnn Orpen, Battle Lake band director and 4-8th grade general music teacher
- Daniel Moddes, teacher
- Sara Dahl-Wyland, Bloomington Public Schools high school teacher
- Dave Christensen, Pequot Lakes High School English/Spanish teacher
- Sean Bengtson, Pequot Lakes Middle School 6th grade social studies teacher
- Tatiana O'Donnell, Robbinsdale Spanish Immersion School teacher
- Holly Paschke, Clover Ridge Elementary School speech/language pathologist
- Michelle Kilroy, Cloquet Public Schools elementary school teacher
- Elizabeth Osborne, Robbinsdale Area Schools, 2nd grade teacher
- Todd Richter, Roseville Area Middle School counselor
- Reid Bordson-Nolle, teacher
- Mollie H. Olson, Minneapolis Roosevelt High School English/language arts teacher
- William R. Schultz, PEM High School Tier II teacher
- Amy Allram, Taylors Falls Elementary physical education specialist
- Katie Dickerson, teacher
- Steve Bliven, Stillwater Area Schools 5th grade teacher
- Vickie Penick, teacher
- Lora Larson, teacher
- Krista Ice, Wayzata School District 3rd grade teacher
- Lisa Jepson, Moorhead Area Public Schools high school math teacher
- Lisa Yoerg, ISD #47 Sauk Rapids-Rice School District 1st grade teacher
- Luis Millan, Edina High School teacher
- Jim Olson, ISD #709 Duluth Public Schools teacher
- Karl Kaufmann, Retired Tier II teacher
- Melinda Wetteland, St. Francis Area Schools teacher
- Susan Nelson, ISD #728 Elk River-Otsego-Rogers-Zimmerman teacher
- Steve Clouse, ISD #319 Nashwauk-Keewatin Career and Technical Education teacher
- Stacy Bartlett, high school biology teacher
- Tim Nelson, ISD #728 Elk River-Otsego-Rogers-Zimmerman teacher
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