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Pension Commission Meeting Archives

Pension Commission Meeting Archives

2015 Meetings:

Date/Time Location Agenda and Meeting Materials Audio and Minutes
November 3, 2015, 1:00 pm
November 4, 2015, 9:00 am
Room 10
State Office Building
 Agenda, Materials & Action
  • Introduction to Doug Anderson, Executive Director, PERA
  • Review of 2008-2014 experience study reports of MSRS, PERA, and TRA.
  • Approval of proposed actuarial assumption changes for MSRS, PERA, and TRA.
  • Approval of proposed actuarial assumption changes for specific fire relief association pension plans.
  • Experience studies for plans other than MSRS-General, PERA-General, and TRA.
  • Update on the Duluth Teachers Retirement Fund Association merger into TRA.
  • Update on the Epoch LIFTs supplemental public pension plan financing program proposal.
  • Consideration of defined contribution retirement plan alternatives and update on existing Minnesota defined contribution retirement plans.
    • Defined contribution retirement plan alternatives:
      - Justin Dorsey, Principal, Advanced Capital Group
      - Brad Tollander, Senior Investment Manager, Advanced Capital Group
      - Jim van Iwaarden, Owner, Consulting Actuary, Van Iwaarden Associates
      - Mark Schulte, Consulting Actuary, Van Iwaarden Associates
    • MSRS Unclassified Employees Retirement Program
    • PERA defined contribution plans
No Audio 11/3
Audio 11/4 to come
Minutes
October 13, 2015, 1:00 pm
October 14, 2015, 9:00 am
Room 5
State Office Building
 Agenda, Materials & Action
  • Actuarial review of Minnesota retirement systems as of July 1, 2014.
  • Status information on Minnesota public pension plan asset investment performance.
  • Review of the 2008-2014 actuarial experience studies and proposed actuarial assumption changes.
  • Supplemental public pension plan financing program proposal - presentation by EPOCH International.
Audio 10/13 Pt. 1
Audio 10/13 Pt. 2
Audio 10/14
Minutes
April 8, 2015, 5:30 pm Basement Hearing Room
State Office Building
 Agenda, Materials & Action
  • Presentation by the Commission actuary, Deloitte Consulting, LLP.
  • Presentation by the State Board of Investment Executive Director Mansco Perry III.
  • Discussion of the MERF-PERA merger; H.F. 1203 (O'Driscoll), S.F. 1139 (Pappas).
  • Reconsideration of H.F. 298 (Runbeck); S.F. 251 (Chamberlain): Providing for continued retirement coverage by the Centennial Volunteer Firefighters Relief Association upon withdrawal of one city from the Centennial Fire Department joint powers agreement.
  • Review and final action on the 2015 Omnibus Retirement Bill.
Audio Part 1
Audio Part 2
Minutes
March 24, 2015, 5:30 pm Basement Hearing Room
State Office Building
 Agenda, Materials & Action
  • H.F. 284 (O'Driscoll); S.F. 54 (Pappas): TRA administrative bill.
  • H.F. 285 (O'Driscoll); S.F. 55 (Pappas): PERA administrative bill.
  • H.F. 661 (O'Driscoll); S.F. 589 (Pappas): MSRS administrative bill.
  • H.F. 1508 (O'Driscoll); S.F. 1398 (Pappas): Public retirement plans; Revision or elimination of outdated or obsolete provisions.
  • H.F. 1997 (Gunther); S.F. 1877 (Rosen): PERA; Service credit purchase for period of Nashville township omitted contributions.
  • Amendment LCPR1504A-1A: SPTRFA; Post-retirement adjustment mechanism revision.
  • Consideration of MSRS and PERA contribution rate revisions.
  • Review and final action on the 2015 Omnibus Retirement Bill.
Audio Part 1
Audio Part 2
Audio Part 3
Minutes
March 17, 2015, 5:30 pm Room 400N
State Office Building
 Agenda, Materials & Action
  • Approval of mortality assumption changes proposed for seven monthly benefit volunteer firefighter relief associations
  • H.F. 477 (Mahoney); S.F. 580 (Hawj): PERA; Service credit purchase for unreported St. Paul Public Schools employment.
  • H.F. 1114 (Hansen); S.F. 1342 (Metzen): MSRS; Service credit purchase for pre-1996 Department of Revenue seasonal employment.
  • H.F. 1121 (Sanders); S.F. xxxx: PERA; Service credit purchase for uncredited employment by Hennepin County Medical Center employee.
  • H.F. 1521 (Hoppe); S.F. 1373 (Pappas): MSRS-General, MSRS-Unclassified; Clarification of coverage for part-time legislative employees
  • H.F. 1292 (Nelson); S.F. xxxx: MSRS-Unclassified; MSRS-General; Election options for legislators
  • H.F. 1717 (Johnson, C.); S.F. 1791 (Rosen): PERA; Coverage for Minnesota River Area Agency on Aging employees.
  • H.F. 1803 (Thissen); S.F. 1684 (Hayden): PERA; Excluding certain Minneapolis Parks and Recreation Board members.
  • S.F. xxxx (Hann): Hopkins VFRA; Public pension problem of a certain Hopkins Volunteer Firefighter Relief Association deferred member.
  • H.F. 1832 (Davids); S.F. xxxx: PERA privatization; Green Lee Manor in Mabel.
Audio Part 1
Audio Part 2
Minutes
March 10, 2015, 5:30 pm Room 10
State Office Building
 Agenda, Materials & Action
  • H.F. 41 (Hausman); S.F. 61 (Marty): Options for the governance and administration of the Roseville Volunteer Firefighters Relief Association.
  • H.F. 45 (Murphy, M. by request); S.F. 215 (Bakk): Permitting the Proctor Volunteer Firefighters Relief Association to limit application of an increase in service pensions.
  • H.F. 298 (Runbeck); S.F. 251 (Chamberlain): Providing for continued retirement coverage by the Centennial Volunteer Firefighters Relief Association upon withdrawal of one city from the Centennial Fire Department joint powers agreement.
  • H.F. 599 (Murphy, M.); S.F. 537 (Johnson): PERA-SVFRP; Establishing a monthly benefit division in the statewide volunteer fire plan to permit transfers of local monthly benefit VFRA plan administration to PERA.
  • H.F. 826 (Murphy, M.); S.F. 884 (Rosen): Implementing the recommendations of the State Auditor's Volunteer Fire Relief Association Working Group.
  • H.F. 1204 (O'Driscoll); S.F. 1140 (Pappas): Implementing the recommendations of the PERA Volunteer Fire Advisory Board.
Audio Part 1
Audio Part 2
Minutes
March 3, 2015, 5:30 pm Room 10
State Office Building
 Agenda, Materials & Action
  • H.F. 660 (O'Driscoll); S.F. 613 (Pappas): MSRS, PERA, SPTRFA; Modifying various economic actuarial assumptions.
  • H.F. 565 (O'Driscoll); S.F. 519 (Pappas): MSRS, PERA-P&F, TRA, SPTRFA; Modifying the financial sustainability triggers for postretirement adjustment mechanisms
  • H.F. 566 (O'Driscoll); S.F. 518 (Pappas): Various plans; Modifications in contribution stabilizer provisions.
Audio
Minutes
February 24, 2015, 4:30 pm Basement Hearing Room
State Office Building
 Agenda, Materials & Action
  • Election of 2015-2016 Commission Officers
  • Election of 2015-2016 Commission Officers
Audio
Minutes

Previous Years:

2014 meetings - agendas, minutes, audio, and materials
2013 meetings - agendas, minutes, audio, and materials
2012 meetings - agendas, minutes, audio, and materials
2011 meetings - agendas, minutes, audio, and materials
2010 meetings - agendas, minutes, audio, and materials
2009 meetings - agendas, minutes, audio, and materials
2008 meetings - agendas, minutes, audio, and materials
2007 meetings - agendas, minutes, audio, and materials

For 1996-2006 meetings, please contact the Commission office.
For 1955-1995 meetings, records are housed at the Minnesota Historical Society in the Minnesota State Archives