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Legislative Commission on Pensions and Retirement
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
 Presentation
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
 Presentation
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
 Presentation

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 lisa.diesslin@lcpc.mn.gov 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 lcc@lcc.mn.gov.

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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