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Legislative Commission on Pensions and Retirement
Pension Commission Meeting Archives

Pension Commission Meeting Archives

2022 Meetings

Note: Meeting minutes are not posted until approved by the Commission
Date/Time Location Agenda and Meeting Materials Audio and Minutes
May 16, 2022
5:00 PM		 Remote Hearing Agenda, Materials & Action
  1. Approval of March 22, 2022, meeting minutes.
  2. Motion LCPR22-M1: Approval of actuarial assumption change for the Spring Lake Park Firefighters' Relief Association.
  3. Delete-Everything Amendment S3541-DE3: Pension Benefits and Funding Bill.
 Audio & Video
YouTube Video
Minutes
March 22, 2022
5:00 PM		 Remote Hearing Agenda, Materials & Action
  1. Approval of March 15, 2022, meeting minutes.
  2. HF 4139 (Olson, L., Murphy, Nelson, M.): PERA; Excludes from PERA coverage employees of the Duluth Transit Authority who are covered by a Teamsters pension plan.
  3. Bills previously laid over and ready for approval for inclusion in the omnibus pension and retirement bill:
    1. SF 2591 (Osmek); HF 2964 (Hertaus): MSRS; Permits the survivor of a deceased state employee to purchase service credit to receive an annuity death benefit.
    2. SF 2614 (Anderson); HF 2690 (Lueck): MSRS; Authorizes purchases of service credit for military service similar to the PERA provisions for service credit purchases that are not federally protected.
    3. SF 3499 (Rarick); HF 3704 (Sundin): MSRS Correctional; Authorizes the transfer of service credit from the MSRS General Plan to the MSRS Correctional Plan upon payment by an eligible member.
    4. SF 3556 (Frentz); HF 3671 (Frederick): MSRS Correctional; Adds Residential Program Lead to the list of positions at the Department of Human Services (DHS) that are covered by the MSRS Correctional Plan.
    5. SF 3872 (Draheim); HF 4186 (Pfarr): MSRS Correctional; Adds Dental Hygienist to the list of positions at the Department of Human Services (DHS) that are covered by the Minnesota State Retirement System (MSRS) Correctional Plan.
    6. SF 2810 (Benson); HF 3266 (Bahr): PERA; Restores segmented annuities to members who have breaks in public employment.
    7. SF 2913 (Bigham); HF 4012 (Masin): Teacher plans; Suspends earnings limitation on retired teachers who return to teaching, under Teachers Retirement Association (TRA) and St. Paul Teachers Retirement Fund Association (SPTRFA).
    8. SF 3048 (Duckworth); HF 2610 (Rasmusson), as amended (draft engrossment): Requires volunteer firefighters relief association special fund assets to be invested with the State Board of Investment.
    9. SF 3540 (Rosen); HF 4017 (Nelson, M.): State Auditor's Volunteer Fire Relief Association Working Group bill.
    10. SF 3402 (Bigham); HF 3777 (Huot), as amended (draft engrossment): PERA Statewide Volunteer Firefighter Plan; Adds vesting alternatives, removes pension reduction firefighters who retire during the first five years of joining the plan, modifies procedures for joining the plan.
    11. SF 2546 (Pappas), as amended (draft engrossment): All plans; Authorizes advanced practice registered nurses (APRNs) to provide disability assessments.
    12. SF 3542 (Rosen); HF 4018 (Nelson, M.): State Board of Investment; Makes administrative and technical changes clarifying the classification of SBI professional employees.
    13. SF 1547 (Jasinski), the first engrossment, as amended by the Senate Labor and Industry Policy Committee on 2/24/2022; HF 1577 (Koznick), as introduced: Requires the Department of Labor and Industry to study adequacy of workers compensation, disability and pension benefits for police officers.
  4. 2022 Omnibus Pension and Retirement Bill.
 Audio & Video
YouTube Video
Minutes
March 15, 2022
5:00 PM		 Remote Hearing Agenda, Materials & Action
  1. Approval of February 15 and March 8, 2022, meeting minutes.
  2. SF 2913 (Bigham); HF 4012 (Masin): Teacher plans; Suspends earnings limitation for Teachers Retirement Association (TRA) and St. Paul Teachers Retirement Fund Association (SPTRFA) retired teachers who return to teaching.
  3. SF 3556 (Frentz); HF 3671 (Frederick): MSRS Correctional; Adds Residential Program Lead to the list of positions at the Department of Human Services (DHS) that are covered by the Minnesota State Retirement System (MSRS) Correctional Plan.
  4. SF 3872 (Draheim); HF 4186 (Pfarr): MSRS Correctional; Adds Dental Hygienist to the list of positions at the Department of Human Services (DHS) that are covered by the Minnesota State Retirement System (MSRS) Correctional Plan.
  5. SF 2546 (Pappas): All plans; Authorizes advanced practice registered nurses (APRNs) to provide disability assessments.
  6. SF 3541 (Rosen); HF 4016 (Nelson, M.): Establishes a work group to study member communications by the statewide pension systems.
 Audio & Video
YouTube Video
Minutes
March 8, 2022
5:00 PM		 Remote Hearing Agenda, Materials & Action
  1. Approval of January 26 and February 8, 2022, meeting minutes.
  2. SF 3402 (Bigham); HF 3777 (Huot): PERA Statewide Volunteer Firefighter Plan; Adds vesting alternatives, removes pension reduction for retiring during the first five years of joining the plan, modifies procedures for joining the plan.
  3. SF 3542 (Rosen); HF 4018 (Nelson, M.): State Board of Investment; Makes administrative and technical changes clarifying the classification of SBI professional employees.
  4. SF 3499 (Rarick); HF 3704 (Sundin): MSRS Correctional; Authorizes the transfer of service credit from the MSRS general plan to the correctional plan upon payment by an eligible member
  5. SF 3540 (Rosen); HF4017 (Nelson, M.): State Auditor's Volunteer Fire Relief Association Working Group bill.
 Audio & Video
YouTube Video
Minutes
February 15, 2022
5:00 PM		 Remote Hearing Agenda, Materials & Action
  1. SF 2614 (Anderson); HF 2690 (Lueck): MSRS; Military service purchases similar to the PERA provisions for service credit purchases that are not federally protected.
  2. SF 2591 (Osmek); HF 2964 (Hertaus): MSRS; Permits the survivor of a deceased state employee to purchase service credit to receive an annuity death benefit.
  3. Report of the 911 Telecommunicator Pension Benefits Working Group
 Audio & Video
YouTube Video
Minutes
February 8, 2022
5:00 PM		 Remote Hearing Agenda, Materials & Action
  1. SF 2810 (Benson): PERA; Restores segmented annuities to members who have breaks in public employment
  2. SF 2957 (Kiffmeyer); HF 3136 (Bahner): PERA, MSRS; Continuing payment of annuity to health care workers who return to employment from retirement or continue employment on a phased retirement agreement
  3. SF 1547 (Jasinski); HF 1577 (Koznick): Requires the Department of Labor and Industry to study benefit adequacy for disabled or injured police officers
  4. HF 2610 (Rasmusson): Requires volunteer firefighters relief association special fund assets to be invested with the State Board of Investment
  5. SF 2614 (Anderson); HF 2690 (Lueck): MSRS; Military service purchases similar to the PERA provisions for service credit purchases that are not federally protected
  6. SF 2591 (Osmek); HF 2964 (Hertaus): MSRS; Permits the survivor of a deceased state employee to purchase service credit to receive an annuity death benefit
Audio & Video
YouTube Video
Minutes
January 26, 2022
1:00 PM		 Remote Hearing Agenda, Materials & Action
  1. Approval of January 5, 2022, meeting minutes.
  2. Approval of Appendix A to the Commission's Standards for Actuarial Work
  3. Guidance from the Commission's Actuary on the Investment Rate of Return Assumption
  4. Update from TRA and St. Paul Teachers (following board meetings)
  5. MMB Commissioner on investment rate of return assumption and credit rating agencies
  6. Public testimony on proposals to reduce the investment rate of return assumption
  7. PERA Police & Fire Plan disability update
 Audio & Video
YouTube Video
Minutes
January 5, 2022
1:00 PM		 Remote Hearing Agenda, Materials & Action
  1. Approval of May 4, 2021, meeting minutes.
  2. State Board of Investment Annual Update
    - Mansco Perry III, Executive Director and Chief Investment Officer
  3. Pension Funds Annual Update and Legislative Proposals--Including proposals to reduce the investment rate of return assumption (currently 7.5%)
    • Public Employees Retirement Association (PERA) presentation
      - Doug Anderson, Executive Director
    • Minnesota State Retirement System (MSRS) presentation
      - Erin Leonard, Executive Director
    • Teachers Retirement Association (TRA) presentation
      - Jay Stoffel, Executive Director
    • St. Paul Teachers Retirement Fund Association (SPTRFA) presentation
      - Jill Schurtz, Executive Director
  4. Guidance from the Commission's Actuary on the Investment Rate of Return Assumption
    - Mark Schulte and Emily Knutson, Van Iwaarden Associates
 Audio & Video
YouTube Video
Minutes

2007-2021

2021 meetings
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1971-2006 audio recordings

For 1971-2006 meeting audio, go to the Legislative Reference Library Media Archive page and search for Legislative Commission on Pensions and Retirement with Commission as the Body.

1996-2006 documents

For 1996-2006 meeting minutes and materials, please contact the Commission office.

1955-1995 documents

The 1955-1995 meetings records are housed at the Minnesota Historical Society in the Minnesota State Archives