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5.04.2021 Agenda

Pension Commission Meeting Agenda for May 4, 2021

Agenda Materials
1. Approval of meeting minutes. Approved Mar. 23, 2021, Minutes
2. Approval of Appendix B to the Standards for Actuarial Work. Approved Appendix B
3. SF 2405 (Rosen); HF 2514 (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, until [date to be determined]. Amended, passed Summary
4. SF 1452 (Frentz); HF 1291 (Murphy): Judges Plan; Reduces the postretirement adjustment and eliminates the triggers that increases the postretirement adjustment upon attainment of specified funding. Passed Summary
5. SF 2485 (Bigham, Rosen, Pappas): Establishes a working group to consider changes to the pension benefits for 911 telecommunicators. Amended, passed (oral amendment to extend date to March 1) Summary
MPPOA Letter
6. 2021 Omnibus Pension & Retirement Bill, in the form of delete-everything amendment S1712‑1A to SF1712 (Rosen); HF1758 (Nelson, M.) Amended, passed
Amendments:
S1712‑1A:
  General Summary
  Section‑by‑Section Summary
  Source Bills
Summary of S1712-2A
Summary of S1712-5A
7. Report on the LCPR Study of Postretirement Adjustments (COLAs).
  • Amendment COLA-2A Passed (markup of report)
    • MOTION OPTION 1: ........... moves adoption of the "Report on the LCPR Study of Postretirement Adjustments (COLAs)" as prepared by Commission staff.
    • MOTION OPTION 2: ........... moves submission of the "Report on the LCPR Study of Postretirement Adjustments (COLAs)" as prepared by Commission staff to the legislature. Amended, passed
  • Study Report
    Report‑Text Only
    3/2 Presentation
    LCPR Principles
    Motion alternatives

    PUBLIC VIEWING: The remote meeting may be viewed live on the LCPR YouTube Channel.

    TESTIFYING: If you wish to testify or submit written testimony on any of the agenda items, please contact Commission Assistant Lisa Diesslin at lisa.diesslin@lcpr.mn.gov by 6:00 PM on Monday, May 3, and you will receive further instructions.

    ACCESSIBILITY: To provide feedback on digital accessibility of meeting information, please submit comments through the Minnesota Legislature Accessibility & Usability Comment Form. To learn more about requesting an accommodation, please visit the FAQs for Disability Access or contact the Legislative Commission on Pensions and Retirement at lcpr@lcpr.mn.gov.

    This meeting is being held in accordance with Minnesota Statutes, Section 13D.021, and Legislative Coordinating Commission guidelines.

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    Meeting Details

    • Tuesday, May 4, 2021
    • 5:00 PM
      Remote hearing
    • Chair: Sen. Julie Rosen

    Printable Agenda

    Commission Member List

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