May 5th, 2026, Pension Commission Meeting

Agenda

1. Approval of the April 21, 2026, meeting minutes. ‑ Approved
   


2. Presentation by Senate Fiscal Staff
   • LCPR Staff Overview
   • Senate Fiscal Spreadsheet
   
   
2. SF4572 (Rasmusson); HF4367 (Klevorn), as amended by S4572-1A: reformatted as S4276-6A (State Board of Investment (SBI); modifying expense apportionment among funds managed by the SBI) ‑ Adopted
   


3. SF4464 (Howe); HF4988 (Novotny) (Extending the requirement to provide health insurance coverage to duty-disabled members from 5 years to age 65) ‑ Passed as amended
• Delete-everything amendment S4464-DE2‑ Failed
• Delete-everything Amendment S4464-DE4‑ Adopted
• SF4464-HF4988 Summary
• Submitted Testimony:
• Letter on S4464-DE2 from Law Enforcement Labor Services, MN State Patrol Troopers Association (MSPTA), MN Bureau of Criminal Apprehension Agents Association, and the MN Department of Corrections Fugitive Apprehension Agents Association 
• Letter on S4464-DE4 from the Association of MN Counties, Coalition of Greater MN Cities, League of Minnesota Cities, MN Chiefs of Police Association, MN Inter County Association, MN Police and Peace Officers Association, MN Professional Fire Fighters Association, MN Sheriffs' Association, and the MN State Fire Chiefs Association
  


4. SF4860 (Pappas); HF4812 (Lillie): revised as S4276-16A (St. Paul Teachers Retirement Fund Association; decreasing employee contributions; providing direct state aid) ‑ Adopted
   • SF4860-HF4812 Summary
      


5. SF1122 (Frentz); HF139 (O'Driscoll), as amended by S1122-DE1: revised as S4276-14A (PERA Police & Fire; reducing the waiting period for a COLA; providing direct state aid) ‑ Adopted
   • Delete-everything amendment S1122-DE1 Summary 
   • Submitted Testimony:
     • Letter from the MN Police and Peace Officers Association and the MN Professional Firefighters
     • Letter and handout on S4276-14A from Law Enforcement Labor Services, MN State Patrol Troopers Association (MSPTA), MN Bureau of Criminal Apprehension Agents Association, and the MN Department of Corrections Fugitive Apprehension Agents Association
        

Legislation recommended by the Probation Officers and 911 Telecommunicators Pension Plans Work Group.

• Summary of Probation and Telecommunicator Work Group Bills
• Submitted Testimony:
  • Letter from the MN Association of County Probation Officers, MN Corrections Association, Teamsters Local 320, and the MN Association of Professional Employees, American Federation of State, County and Municipal Employees
  • Letter from Kelly Kalla, Career Probation Officer, Hennepin County
    

• Amendment S4276-17A (Temporary Reduction in Employee Contribution Rates)‑ Adopted

6. SF5097 (Frentz); HF4878 (Lillie): revised as S4276-12A  (Establishment of the Probation and Telecommunicator Retirement Subplan administered by the Minnesota State Retirement System (MSRS)) ‑ Adopted 



7. SF5096 (Frentz); HF4877 (Lillie): reformatted as S4276-10A  (Establishment of the Local Government Probation and Telecommunicator Retirement Plan administered by the Public Employees Retirement Association (PERA)) ‑ Adopted 



8. SF5093 (Frentz); HF4879 (Lillie): reformatted as S4276-11A  (Technical changes incorporating references to the Local Government Probation and Telecommunicator Retirement Plan administered by PERA) ‑ Adopted 



9. Appendix C to the Standards for Actuarial Work ‑ Approved 



10. 2026 Omnibus Pension and Retirement Bill; SF 4276 (Frentz); HF 4074 (Lillie). 
    • Delete-everything amendment S4276-DE1. The delete-everything amendment contains the language of the bills passed by the Commission as of the April 21, 2026, meeting.‑ Adopted
    • S4276-DE1 Summary
    • S4276-DE1 List of Source bills
    • Submitted Testimony:
      • Letter from the Association of Minnesota Counties and the Minnesota Inter-County Association
    • Amendment S4276-2A (St. Paul Teachers Retirement Fund Association)‑ Adopted
    • Amendment S4276-5A (PERA Statewide Volunteer Fire Plan)‑ Adopted
    • Amendment 4276-15A  (Maple Plain Relief Association)‑ Adopted
    • Amendment S4276-3A (LCPR technical)‑ Adopted
    • Motion authorizing staff to make any necessary technical corrections.‑ Approved
    • Adoption of SF 4276 (Frentz); HF 4074 (Lillie), as amended, as the 2026 Omnibus Pension and Retirement Bill.‑ Passed as amended

PUBLIC TESTIMONY: Because public testimony was taken when all bills on the agenda were previously heard, no additional in-person testimony will be taken..

PUBLIC VIEWING INFORMATION:This meeting will be streamed live by Senate Media Services. See the Senate webcast schedule or the YouTube page. These links may not appear until the day of the meeting.

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