Legislative Commission on Pensions and Retirement

February 3, 2016, and February 4, 2016
Two-Day Meeting Agenda

PDF Agenda

To testify, contact Lisa Diesslin at 651-296-2750 to be added to the public testimony list. Please indicate the agenda item of interest.
If accommodations under the Americans With Disabilities Act are needed, please call 651-296-2750 (651-296-9896 for TDD).

Wednesday, February 3, 2016

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1:00pm, Room 200 State Office Building

1. Approval of minutes - Approved
• Nov. 3-4, 2015, Minutes (PDF)
2. Actuarial assumption changes for MSRS, PERA, and TRA:
• LCPR16-021: MSRS, PERA, TRA; Statutory interest rate, salary, and payroll assumptions (PDF) - Passed
• Motion LCPR16-M1: MSRS, PERA, TRA; Assumptions other than interest rate (PDF) - Passed
• Staff Memo (PDF)
• Comparison of proposed assumptions (PDF)
3. Financial sustainability/funding proposals for MSRS, TRA, and SPTRFA:
• Retirement Systems Financial Update (PDF)
• LCPR16-012: MSRS; Financial sustainability/funding provisions (PDF) - No action
• Presenter: David Bergstrom, Executive Director, MSRS
• Staff Memo on MSRS bill (PDF)
• LCPR16-014: TRA; Financial sustainability/funding provisions (PDF) - No action
• Presenter: Jay Stoffel, Deputy Executive Director, TRA
• Staff Memo on TRA bill (PDF)
• LCPR16-013: SPTRFA; Financial sustainability/funding provisions (PDF) - No action
• Jill Schurtz, Executive Director, SPTRFA
• SPTRFA Financial Update (PDF)
• Presenter: Doug Anderson, Executive Director, PERA (Note: there is no PERA proposal)

Thursday, February 4, 2016

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9:00am, Room 200 State Office Building

4. Administrative bills for MSRS, PERA, TRA, and SPTRFA:
• LCPR16-001: MSRS; Administrative provisions (PDF) - Passed
• Presenter: Chad Burkitt, Legislative Liaison, MSRS
• Staff Memo on MSRS bill PDF  HTML
• LCPR16-003: PERA; Administrative provisions (PDF) - Passed
• Julie Leppink, Legal Director, MSRS/PERA
• Staff Memo on PERA bill (PDF)
• LCPR16-002: TRA; Administrative provisions (PDF) - Passed
• Jay Stoffel, Deputy Executive Director, TRA
• Staff Memo on TRA bill (PDF)
• LCPR16-004: SPTRFA; Administrative provisions (PDF) - Passed
• Jill Schurtz, Executive Director, SPTRFA
• Staff Memo on SPTRFA bill (PDF)
5. Other business:
• Supplemental public pension plan financing program proposal (update on EPOCH) - No action

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