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01.26.2022 Agenda

Pension Commission Meeting Agenda for January 26, 2022

Agenda Materials
1. Approval of January 5, 2022, meeting minutes. Approved 1/5/22 Minutes
2. Approval of Appendix A to the Commission's Standards for Actuarial Work Approved Appendix A
2018 Appendix
3. Guidance from the Commission's Actuary on the Investment Rate of Return Assumption
  • Mark Schulte and Emily Knutson, Van Iwaarden Associates
4. Update from TRA and St. Paul Teachers (following board meetings)
  • Jay Stoffel, Executive Director, Teachers Retirement Association
  • Jill Schurtz, Executive Director, St. Paul Teachers Retirement Fund Association
TRA Presentation
5. MMB Commissioner on investment rate of return assumption and credit rating agencies
  • Jennifer Hassemer, Assistant Commissioner, Minnesota Management and Budget
6. Public testimony on proposals to reduce the investment rate of return assumption
  • Joan Beaver, Legislative Action Chair, Education Minnesota Retired
  • Michael J. Landers, Board of Directors, Minnesota Retired State Employees Association (MRSEA)
  • Kate Lynne Snyder, Education Minnesota
  • Louise Sundin, Committee of Thirteen
  • Brian Rice, Minnesota Professional Fire Fighters and Minnesota Police Fraternal Association
  • Mark Haveman, Executive Director, Minnesota Center for Fiscal Excellence
  • Edward Reynoso, Political and Legislative Affairs Director, Teamsters Local #320
  • Timothy Moynihan, Vice-President and Legislative Co-Chair, Retired Educators Association of MN (REAM)
  • Ethan Vogel, Legislative Director, AFSCME Council 5
Haveman handout
7. PERA Police & Fire Plan disability update
  • Doug Anderson, Executive Director, Public Employees Retirement Association

Additional documents that may be of interest:

TESTIFYING: Testimony will be limited to five minutes. To testify or submit written testimony on any agenda item, please contact Commission Assistant Lisa Diesslin at by 5:00 PM on Tuesday, January 25.

PUBLIC VIEWING INFORMATION: The remote meeting may be viewed live on the LCPR YouTube Channel. Note that the meeting will not appear on the page until the streaming begins.

ACCESSIBILITY/ACCOMMODATIONTo 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 Coordinating Commission at

This meeting is being held in accordance with Legislative Coordinating Commission guidelines.

Meeting Details

  • Wednesday, January 26, 2022
  • 1:00 PM
    Remote hearing
  • Chair: Sen. Julie Rosen

Printable Agenda

Commission Member List

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