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Legislative Commission on Pensions and Retirement

red bullet  April 13 meeting is canceled. To be rescheduled, date TBA.

LCPR News and Developments

COLA (Cost of Living Adjustments) Study.

  • COLA Study Report. The report was presented to the Commission at the March 2, 2021, and March 16, 2021, meetings. No action was taken and the report will be rescheduled to a future meeting.
  • The Commission is required to conduct a study of COLAs and report on its conclusions during the 2021 legislative session
    (see Laws 2018, Ch. 211, Art. 5, Sec. 14). For more information about COLAs in public pension plans, see the recently published Issue Brief on COLAs from the National Association of State Retirement Administrators (NASRA).

See previous LCPR News articles

Minnesota News

Some well-deserved recognition for Mansco Perry, Executive Director of the State Board of Investment

Mansco Perry-A Curious Mind - (CIO Magazine Veteran Series)

"One of most highly regarded investment chiefs in public pensions, Perry continues to keep a cool head during turbulent times."

Art by John Jay Cabuay of Mansco Perry

"Mansco Perry III is always working out a problem in his head. For years, the investment chief at the Minnesota State Board of Investment thought about what his team would do in the event of another downturn like the 2008 financial crisis." Read more...

See previous Minnesota News articles

National News

New Website for Nationwide Public Pension Plan Data

The Center for Retirement Research (CRR) at Boston College has just made available a newly updated "Public Plans Data" website. The website is a collaboration of the CRR, the Center for State and Local Government Excellence, and the National Association of State Retirement Administrators (NASRA).

This is a treasure trove of data on public pension plans and makes it easy to compare our public pension plans in Minnesota to other states' plans. Probably because some of the data dates back to 2014, the data for Minnesota still reports the Duluth Teachers Retirement Fund Association and the Minneapolis Employees Retirement Fund as if they are still separate plans, which they are not. Have a look:

See previous National News articles