MEETING: | Legislative Commission on Pensions and Retirement |
PLACE: | Room 10 State Office Building |
DATE: | November 3-4, 2015 | TIME: | Tues. 11/3 - 1:00 PM Wed. 11/4 - 9:00 AM |
Two-Day Agenda |
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November 3, 2015, 1:00pm | |||
1. |
Approval of minutes. |
Minutes |
Approved |
2. | Introduction to Doug Anderson, Executive Director, PERA |
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3. | Review of 2008-2014 experience study reports of MSRS, PERA, and TRA. - Presentation by the Commission reviewing actuary, Deloitte Consulting LLC - Responses from MSRS, PERA, and TRA - Testimony by other interested parties |
Deloitte presentation | -- | 4. | Approval of proposed actuarial assumption changes for MSRS, PERA, and TRA. - David Bergstrom, Executive Director, MSRS - Shana Jones, Policy Director, PERA - Jay Stoffel, Deputy Executive Director, TRA |
Memo & Resolution (rev. 11/3) | No action |
5. | Approval of proposed actuarial assumption changes for specific fire relief association pension plans. - Mark Schulte, Consulting Actuary, Van Iwaarden Associates |
Memo & Resolution | Approved |
6. | Experience studies for plans other than MSRS-General, PERA-General, and TRA. |
Memo | -- |
7. | Update on the Duluth Teachers Retirement Fund Association merger into TRA. - Jay Stoffel, Deputy Executive Director, TRA, and former Executive Director, DTRFA |
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8. | Update on the Epoch LIFTs supplemental public pension plan financing program proposal. |
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November 4, 2015, 9:00am | |||
Continuation of agenda items from Tuesday, if necessary. |
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9. | 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 - David Bergstrom, Executive Director, MSRS • PERA defined contribution plans - Shana Jones, Policy Director, PERA |
Alternatives Presentation MSRS Presentation PERA Presentation |
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Materials from testifier K. Crockett |
Civic Report |
Persons wishing to testify may contact Lisa Diesslin by e-mail or by calling 651-296-6806 to be added to the public testimony list. Please indicate the agenda item of interest.
If accommodations for the meeting under the Americans With Disabilities Act are needed, please call 651-296-2750 (651-296-9896 for TDD) as far in advance as possible.