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Pension Commission Meeting Archives

Pension Commission Meeting Archives

2017 Meetings:

Date/Time Location Agenda and Meeting Materials Audio and Minutes
Sept. 20, 2017, 2:00 pm Room G-15
Minnesota Capitol Building
 Agenda, Materials & Action
  • Report from the pension fund executive directors:
    -What impact does the 15.1% investment return for FY 2017 have on the
        funded status of the pension plans?
    -How much did the 2017 veto of the pension bill cost the pension plans?
  • Presentation summarizing national economic forecasts and thoughts on pension plan discount rate.
    -Laura Kalambokidis, Minnesota State Economist
  • Report on the Combined Funds' investment rate of return for FY 2017.
    -Mansco Perry, Executive Director, State Board of Investment
No Audio (recording system not functioning)
Minutes
May 10, 2017, 8:30 am Room 1150
Minnesota Senate Building
 Agenda, Materials & Action
  • LCPR17-035 (Murphy, M.): PERA; Authorizing an eligible Duluth township employee to elect PERA general plan coverage and receive retroactive coverage.
  • LCPR17-036 (Murphy, M.): MSRS-Unclassified; Grandfathering current factors used in the calculation of annuities under the MSRS Unclassified Program.
  • S.F. 1705 (Rosen); H.F. 2126 (O'Driscoll): MSRS; Revising augmentation rates for certain terminated privatized employees (Fairview).
  • LCPR17-038; Minnesota public employee pension plans; Benefit and contribution changes.
  • Final action on the 2017 Omnibus Retirement Bill.
  • Motion LCPR17-M3: MSRS, PERA, and SPTRFA; Assumptions for salary and payroll growth.
Audio
Minutes
May 8, 2017, 5:30 pm Room 123
State Capitol
 Agenda, Materials & Action
  • LCPR17-035 (Murphy, M.): PERA; Authorizing an eligible Duluth township employee to elect PERA general plan coverage and receive retroactive coverage.
  • LCPR17-036 (Murphy, M.): MSRS-Unclassified; Grandfathering current factors used in the calculation of annuities under the MSRS Unclassified Program.
  • S.F. 1705 (Rosen); H.F. 2126 (O'Driscoll): MSRS; Revising augmentation rates for certain terminated privatized employees (Fairview).
  • LCPR17-038; Minnesota public employee pension plans; Benefit and contribution changes.
Audio
Minutes
April 25, 2017, 5:30 pm Room 1200
Minnesota Senate Building
 Agenda, Materials & Action
  • MSRS-Unclassified; Change in factors for converting an account to an annuity (eff. 7/1/17).
  • S.F. 1384 (Rosen); H.F. 1672 (Murphy): Volunteer firefighter relief associations (VFRAs); Implementing the recommendations of the Volunteer Fire Relief Association Working Group.
  • S.F. 1705 (Rosen); H.F. 2126 (O'Driscoll): MSRS; Revising augmentation rates for certain terminated privatized employees (Fairview).
Audio
Minutes
April 18, 2017, 5:30 pm Room G-15
State Capitol
 Agenda, Materials & Action
  • S.F. 2233 (Rosen); H.F. 2486 (O'Driscoll): MSRS, TRA, SPTRA; Governor's funding proposal.
  • SF xxxx; HF xxxx: VFRAs/PERA-SVFRP; Permitting relief association withdrawal from the statewide plan in order to join a volunteer firefighter relief association.
  • Deloitte Consulting: Review of the 2016 Actuarial Valuations and TRA Replication Valuation.
    - Motion LCPR17-M2 regarding actuarial valuations
Audio
Minutes
(PDF / HTML)
March 21, 2017, 5:30 pm Room G-15
State Capitol
 Agenda, Materials & Action
  • SF 1864 (Simonson); HF 2390 (Murphy, M.): Modifying provisions for purchasing salary or service credit for periods of workers' compensation.
  • SF xxxx; HF 2236 (Thissen): Local police & fire plans; Adjusting benefits for former members and surviving spouses of former members of a local salaried police and fire relief association.
  • SF 1839 (Miller); HF xxxx: Authorizing a Winona State University employee to elect prospective and retroactive TRA coverage,
  • Keeping the Promise: Securing Retirement Benefits for Current and Future Public Employees - Kim Crockett, Vice President, Senior Policy Fellow and General Counsel, Center of the American Experiment.
Audio
Minutes
(PDF / HTML)
March 14, 2017, 5:30 pm Room G-15
State Capitol
 Agenda, Materials & Action
  • S.F. 26 (Sparks); H.F. 11 (Poppe): Austin Fire Relief Association/PERA-P&F; Permitting an alternative allocation of fire state aid for the city of Austin.
  • S.F. 1945 (Lourey); H.F. 2092 (Rarick): PERA-SVFRP; Permitting the city of Brook Park to lower the service pension level under the statewide plan.
  • S.F. xxxx; H.F. xxxx: VFRAs; Requiring municipal ratification of benefit increases by volunteer firefighter relief associations if the municipality makes contributions.
  • S.F. 1384 (Rosen); H.F. 1672 (Murphy): Volunteer firefighter relief associations (VFRAs); Implementing the recommendations of the Volunteer Fire Relief Association Working Group.
Audio
Minutes
(PDF / HTML)
March 7, 2017, 5:30 pm Room G-15
State Capitol
 Agenda, Materials & Action
  • Presentation on Public Employees Retirement Association privatizations.
  • S.F. 1705 (Rosen); H.F. 2126 (O'Driscoll): MSRS; Revising augmentation rates for certain terminated privatized employees (Fairview).
  • S.F. 436 (Pappas); H.F. 977 (O'Driscoll): MSRS-Correctional; Including additional Department of Corrections employees in plan coverage.
  • S.F. 522 (Frentz); H.F. 637 (Johnson, C.): MSRS-Correctional; Including additional Department of Human Services employees in plan coverage.
Audio
Minutes
(PDF / HTML)
February 28, 2017, 5:30 pm Room G-15
State Capitol
 Agenda, Materials & Action
  • Discussion of the benefits and features of MSRS-General, PERA-General, and TRA - Staff presentation on possible benefit changes and cost savings.
Audio
Minutes
(PDF / HTML)
February 21, 2017, 5:30 pm Room G-15
State Capitol
 Agenda, Materials & Action
  • Public testimony on S.F. 1064 (Rosen); H.F. 1288 (O'Driscoll): MSRS funding proposal.
  • Public testimony on S.F. 1066 (Rosen); H.F. 1090 (O'Driscoll): PERA/PERA-P&F funding proposal.
  • S.F. xxxx; H.F. 1460 (O'Driscoll): MSRS administrative bill.
  • S.F. xxxx; H.F. 1471 (O'Driscoll): PERA administrative bill.
  • S.F. 746 (Rosen); H.F. 721 (Murphy, M.): TRA administrative bill.
Audio
Minutes
(PDF / HTML)
February 14, 2017, 5:30 pm Room G-15
State Capitol
 Agenda, Materials & Action
  • Public testimony on S.F. xxxx; H.F. xxxx: SPTRFA financial solvency measures.
  • Public testimony on S.F. 930 (Rosen); H.F. 722 (Murphy, M.): TRA financial solvency measures.
  • Motion LCPR17-M1: Approval of actuarial assumptions for MSRS-General, MSRS-Correctional, State Patrol Plan, Legislators Plan, PERA General, PERA-Correctional, PERA-P&F, SPTRFA, and TRA.
    Review of actuarial assumption changes resulting from the Combined Service Annuity study.
  • S.F. 545 (Rosen); H.F. 565 (O-Driscoll): Revised and updated 2016 Omnibus Retirement Bill.
Audio
Minutes
(PDF / HTML)
February 7, 2017, 5:30 pm Room G-15
State Capitol
 Agenda, Materials & Action
  • Overview of the Governor's budget as it relates to Minnesota public pension plans; Myron Frans, MMB Commissioner.
  • S.F. xxxx; H.F. xxxx: MSRS financial solvency measures.
  • S.F. xxxx; H.F. xxxx: PERA financial solvency measures.
  • S.F. xxxx; H.F. 722 (Murphy, M.): TRA financial solvency measures.
  • S.F. xxxx; H.F. xxxx: SPTRFA financial solvency measures.
  • Statewide General Employee Pension Plans, Benefit Analysis and Possible Cost Savings Changes.
Audio
(the first 4 minutes are silent)
Minutes
(PDF / HTML)
January 31, 2017, 5:30 pm Room G-3
State Capitol
 Agenda, Materials & Action
  • Election of 2017-2018 Commission officers.
  • Update on Minnesota public pension plan asset investment performance.
  • Update on the Governor's Blue Ribbon Panel on Pension Reform and the Blue Ribbon Panel Report.
  • Pensions 101: Overview of the Pension Commission and public pensions; Commission staff and Deloitte Consulting.
Audio Part 1
(before recess)
Audio Part 2
(after recess)
Minutes
(PDF / (HTML)

Previous Years:

2016 meetings
2015 meetings
2014 meetings
2013 meetings
2012 meetings
2011 meetings
2010 meetings
2009 meetings
2008 meetings
2007 meetings

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