Legislative Commission on Pensions and Retirement

Tuesday, February 14, 2017, 5:30 p.m.
Room G-15, State Capitol

If accommodations under the Americans With Disabilities Act are needed, please call 651-296-2750 (651-296-9896 for TDD).

Agenda

PDF Agenda

1. Approval of February 7, 2017, meeting minutes. (PDF / HTML) Approved
    
2. Public testimony on S.F. xxxx; H.F. xxxx (Revisor #17-2806): SPTRFA financial solvency measures. No action
• SPTRFA Presentation from Feb. 7 meeting
• Staff Memo from Feb. 7 meeting
3. Public testimony on S.F. 930 (Rosen); H.F. 722 (Murphy, M.): TRA financial solvency measures. No action
• TRA Presentation from Feb. 7 meeting
• Staff Memo from Feb. 7 meeting
4. 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. Passed
   Review of actuarial assumption changes resulting from the Combined Service Annuity study - Michael de Leon, Lead Actuary, Deloitte Consulting.
   • Staff Memo
   • Motion LCPR17-M1 (PDF / HTML)
   • Letters from the plans
   • Summary chart of proposed assumption changes
   • Report: Combined Service Annuity and Coverage by More Than One Retirement System Provisions Study
5. S.F. 545 (Rosen); H.F. 565 (O-Driscoll): Revised and updated 2016 Omnibus Retirement Bill. Passed as amended
   • Technical Amendment S0545-1A (PDF / HTML) Passed
   • Staff Summary

To testify, please contact Lisa Diesslin at 651-296-6806 or lisa.diesslin@lcpr.mn.gov BEFORE the meeting, identifying the agenda item of interest.