-Minnesota Statutes, Section 3.85
The Legislature has dealt with the topic of public employee retirement coverage by utilizing a joint legislative commission from time to time since 1943. The Legislative Commission on Pensions and Retirement was created as an ongoing commission in 1967. Over the decades, the Pension Commission has evolved into its current manner of operation, processing proposed pension legislation during the legislative session in advance of the applicable standing committee bill hearing deadline and undertaking a schedule of study topics during the interim between legislative sessions.
The Pension Commission consists of seven members of the Senate and seven members of the House of Representatives; members are appointed at the commencement of each biennium. The commission elects its officers: a chair, a vice-chair, and a secretary.
The Pension Commission regularly schedules hearings on proposed pension legislation prior to the established initial bill hearing deadline and processes a considerable portion of the proposed pension legislation that is introduced annually. The Pension Commission generally reviews a majority of the proposed pension legislation introduced during a legislative session and recommends for forwarding to the relevant standing committees, often with suggested amendments, about one-half of proposed pension legislation introduced during each legislative session.
Pension Commission consideration of proposed legislation typically includes the preparation of a Commission staff policy memo based significantly on the Commission's Principles of Pension Policy and potential amendments addressing technical problems or substantive issues raised in the staff policy memo.
The Pension Commission typically meets weekly during the bill processing period of the legislative session and monthly or bi-monthly during the interim. Commission agendas are set by the commission chair.