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Pension Commission Meeting Archives

Pension Commission Meeting Archives

2021 Meetings

Note: Meeting minutes are not posted until approved by the Commission
Date/Time Location Agenda and Meeting Materials Audio and Minutes
May 4, 2021
5:00 PM
Remote Hearing Agenda, Materials & Action
  1. Approval of March 23, 2021, meeting minutes.
  2. Approval of Appendix B to the Standards for Actuarial Work
  3. SF2405 (Rosen); HF2514 (O'Driscoll): MSRS Unclassified; Extends the grandfather provision for the use of factors effective in 2016 in computing annuities for retirees who are at least age 63 or have at least 26 years of service.
  4. SF1452 (Frentz); HF1291 (Murphy): Judges Plan; Reduces the postretirement adjustment and eliminates the triggers that increases the postretirement adjustment upon attainment of specified funding.
  5. SF2485 (Bigham, Rosen, Pappas): Establishes a working group to consider changes to the pension benefits for 911 telecommunicators.
  6. 2021 Omnibus Pension & Retirement Bill
  7. Report on the LCPR Study of Postretirement Adjustments (COLAs).
Audio & Video
YouTube Video (captions)
Minutes
March 23, 2021
5:00 PM
Remote Hearing Agenda, Materials & Action
  1. Approval of March 16, 2021, meeting minutes.
  2. SF1303 (Pappas); HF1459 (Nelson,.M.): St. Paul Teachers Retirement Fund Association; Delays the employee contribution rate increase and makes administrative changes.
  3. SF2098 (Pratt); HF2188 (Mortensen): MSRS Correctional; Transfers one state employee's service credit from the general plan to the correctional plan.
  4. LCPR21-024 (Rev. 3/21): MSRS Unclassified; Extends the grandfather provision for the use of factors effective in 2016 in computing annuities for retirees who are at least age 63 or have at least 26 years of service.
  5. SF1993 (Howe); HF2163 (O'Driscoll): PERA; Extends the time period for purchasing service credit for periods of federally protected military service leave.
  6. LCPR21-023: Revises the requirement for bills drafted by commission staff for agencies and pension systems.
  7. SF609 (Goggin); HF419 (Drazkowski): Modifies the allocation formula for supplemental state aid paid to relief associations and the PERA Statewide Volunteer Firefighter Plan.
Audio & Video
YouTube Video (captions)
Minutes
March 16, 2021
5:00 PM
Remote Hearing Agenda, Materials & Action
  1. Approval of March 2, 2021, meeting minutes.
  2. HF1107 (Murphy): PERA Statewide Volunteer Firefighter Plan; Permits the allocation of fire state aid between the SVF plan and the municipality.
  3. SF2056 (Rosen); HF2145 (Nelson, M.): State Auditor's fire relief association working group recommendations.
  4. SF1925 (Abeler); HF2192 (Heinrich): Ramsey Fire Relief Association and Nowthen firefighters; Provides full vesting and distribution of accounts to firefighters assigned to the Nowthen fire station.
  5. SF950 (Pappas); HF407 (Nelson, M.): MSRS; Increases the benefit for a former Dept. of Labor & Industry employee due to erroneous benefit estimate information from MSRS.
  6. Report on the LCPR Study of Postretirement Adjustments (COLA).
Audio & Video
YouTube Video (captions)
Minutes
March 2, 2021
5:00 PM
Remote Hearing Agenda, Materials & Action
  1. Approval of February 23, 2021, meeting minutes.
  2. SF976 (Pappas); HF1258 (Becker-Finn): Minnesota Secure Choice Retirement Program. *Informational; no formal action will be taken*
  3. HF1678 (Youakim): Reinstates the state aid to local governments to fund increased employer contributions to PERA enacted in 1997
  4. SF1454 (Pappas); HF1497 (Feist): Revises eligibility for H-1b visa employees under MSRS and PERA to comply with federal law
  5. Adoption of the Report on the LCPR Study of Postretirement Adjustments (COLA)
  6. HF1758-Nelson, M.: PERA 2021 administrative bill.
Audio & Video
YouTube Video (captions)
Minutes
February 23, 2021
5:00 PM
Remote Hearing Agenda, Materials & Action
  1. Approval of February 16, 2021, meeting minutes.
  2. Approval of actuarial assumptions for Minnesota State Retirement System Correctional, Judges, Legislators, and State Patrol plans, and Public Employees Retirement Association Correctional and Police & Fire plans.
  3. Informational Overview - PERA disability process.
Audio & Video
YouTube Video (captions)
Minutes
February 16, 2021
5:00 PM
Remote Hearing Agenda, Materials & Action
  1. Election of 2021-2022 Commission officers.
  2. Approval of May 13, 2020, meeting minutes.
  3. Brief overview of the Commission's function, staff, and process.
  4. Presentation by the Commission actuary, Van Iwaarden Associates.
  5. Presentation by State Board of Investment
  6. Presentation by the retirement systems.
  7. Approval of actuarial assumptions for Minnesota State Retirement System Correctional, Judges, Legislators, and State Patrol plans, and Public Employees Retirement Association Correctional and Police & Fire plans.
Audio & Video
YouTube Video (captions)
Minutes: PDF / Text File