February 24, 2026, Pension Commission Meeting

Agenda

1. Introduction of the new Commission member
   • Appointment of Representative Pete Johnson, in place of Representative Dan Wolgamott, effective February 20, 2026


2. Approval of May 17, 2025 meeting minutes. ‑ Approved


3. Introduction of the new LCPR Commission Assistant
   • Mollie Pierson joined the LCPR staff in August 2025
   • Lisa Diesslin retired on September 3, 2025


4. Annual Update by the Commission actuary, VIA Actuarial Solutions
   • Mark W. Schulte, FSA, EA, MAAA, President and Consulting Actuary
     • VIA Presentation: 2026 LCPR Actuarial Update
   
   
   • Annual Updates by the Pension Fund Executive Directors
     • Erin Leonard, Minnesota State Retirement System (MSRS)
     • Doug Anderson, Public Employees Retirement Association (PERA)
     • Tim Maurer, Teachers Retirement Association (TRA)
     • Phill Tencick, St. Paul Teachers Retirement Fund Association (SPTRFA)
       • Combinded Plan Presentations
   
   

PUBLIC TESTIMONY: If time permits, the Chair may allow testimony. Persons interested in testifying must email Mollie Pierson at mollie.pierson@lcpr.mn.gov by 5:00 PM on Monday, February 23, identifying the specific agenda item on which you would like to testify, your name, organization, and title, email address, and phone number. Testimony is limited to the items on the agenda.

PUBLIC VIEWING INFORMATION: This meeting will be streamed live by Senate Media Services. See www.senate.mn/schedule/webcast-schedule for the webcast schedule or the Senate Media YouTube page for YouTube streaming. Note that these links may not appear until the day of the meeting.

NOTE: To access the Minnesota Senate Building after 5:00, use the main entrance on the corner of University Avenue and Park Street. New weapons screening measures are in place; learn more here.

MEETING DOCUMENTS are also posted on the legislative calendar as soon as they are available.

INTERPRETATION SERVICES, ACCESSIBILITY, AND ACCOMMODATION REQUESTS:

• To request legislative services for live language interpretation in Hmong, Somali, or Spanish, please contact the Commission Assistant 72 hours in advance of when the service is needed.
• To request legislative services for American Sign Language (ASL), please contact the Commission Assistant a minimum of one week before the services are needed.
• To request legislative services for Communication Access Realtime Translation (CART) closed captioning services, please contact the Commission Assistant a minimum of two weeks before the services are needed.
• For information on accommodations, please visit Accessibility Frequently Asked Questions.
• If you have accessibility or usability comments to share on any Minnesota Legislature website, please submit your comments using the Accessibility & Usability Comment Form.