Legislative Commission on Pensions and Retirement

Wednesday, September 20, 2017, 2:00 p.m.
Room G-15, State Capitol

If accommodations under the Americans With Disabilities Act are needed, please call 651-296-2750 (651-296-9896 for TDD).

Agenda

Printable Agenda (PDF)

1. Approval of prior meeting minutes.
   • April 25, 2017 Approved
   • May 8, 2017   Approved
   • May 10, 2017 Approved

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2. Report from the pension fund executive directors: No action
1. What impact does the 15.1% investment return for FY 2017 have on the funded status of the pension plans? - Staff materials
2. How much did the 2017 veto of the pension bill cost the pension plans? - Staff materials
• Erin Leonard, Executive Director, MSRS - MSRS Handout
• Doug Anderson, Executive Director, PERA - PERA Handout
• Jay Stoffel, Executive Director, TRA - TRA Handout
• Jill Schurtz, Executive Director, SPTRFA - SPTRFA Handout

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3. Presentation summarizing national economic forecasts and thoughts on pension plan discount rate. No action
• Laura Kalambokidis, Minnesota State Economist - Handout

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4. Report on the Combined Funds' investment rate of return for FY 2017. No action
• Mansco Perry, Executive Director, State Board of Investment - SBI Handout