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02.12.2024 Agenda

Pension Commission Meeting Agenda for February 12, 2024

red bullet  Meeting will be livestreamed by the House on HTV2:



Action Items

1. Approval of meeting minutes - Adopted
  • May 4, 2023, October 30, 2023, and January 11, 2024, Commission meetings
  • January 8, 2024, Executive Committee meeting
May 4, 2023
Oct. 30, 2023
Jan. 11, 2024
Jan. 8, 2024 Exec
2. Designation of member of the Secure Choice board of directors to convene the first meeting Motion LCPR24‑M1 - Approved Motion LCPR24‑M1

Informational Items

3. Presentation by the Commission actuary VIA Actuarial Solutions
  • Review of July 1, 2023, pension plan actuarial valuations and 2018-2022 experience studies
  • Recently effective Actuarial Standard of Practice No. 4
  • Overview of amortization and layered amortization
    • Mark W. Schulte, FSA, EA, MAAA, President and Consulting Actuary
    • Emily M. Knutson, FSA, EA, MAAA, Consulting Actuary, VIA Actuarial Solutions
  • Submitted testimony:
    • Mark Haveman, Executive Director, Minnesota Center for Fiscal Excellence (cover letter and “Observations on the State of State Pensions,” combined into one document combined into one document)
VIA Presentation
For submitted
testimony click on
the person's name
4. Presentation by the St. Paul Teachers Retirement Fund Association (SPTRFA).  
    • Phill Tencick, Executive Director/CIO, SPTRFA
SPTRFA Presentation
5. Presentation by the Minnesota State Retirement System (MSRS).  
    • Erin Leonard, Executive Director, MSRS
MSRS Presentation
6. Presentation by the Public Employees Retirement Association (PERA).  
    • Doug Anderson, Executive Director, PERA
PERA Presentation
7. Presentation by the Teachers Retirement Association (TRA).  
    • Jay Stoffel, Executive Director, TRA
    • Holly Dayton, Legislative Liaison, TRA
TRA Presentation
For submitted
testimony click on
the person's name

PUBLIC VIEWING INFORMATION: This meeting may be viewed live on the House HTV2 webcast channel.

WRITTEN TESTIMONY: To submit written testimony on an agenda item, please submit documents to the Commission staff ( by 12:00 noon on Thursday, February 8.

ACCESSIBILITY/ACCOMMODATION: To comment on digital accessibility to meeting information, please submit comments using the Accessibility Comment Form. To request an accommodation, please visit FAQs for Disability Access or contact the LCC Accessibility Coordinator at

MEETING DOCUMENTS are also posted on the legislative calendar as soon as they are available.

Meeting Details

  • Monday, February 12, 2024
  • 8:30 AM
    120 State Capitol
  • Chair: Rep. Kaohly Vang Her

Printable Agenda

Commission Member List
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