03.18.2024 Agenda

Pension Commission Meeting Agenda for March 18, 2024

Agenda		Documents
1.	Approval of March 11, 2024 meeting minutes Adopted	3/11/24 Minutes
2.	HF 3675 (Wolgamott); SF 3822 (Kupec): Minnesota State Retirement System (MSRS) General Plan; Unreduced early retirement annuity for select Department of Corrections employees if the employee is at least 62 years old or has at least 30 years of service. Amended, laid over Amendment H3675-1A Adopted Testifiers: Erin Leonard, Executive Director, MSRS Katie Marek, Intensive Supervised Release Agent, Minnesota Association of Professional Employees (MAPE) Janene Altman, Ramsey County Probation Officer Jim Hawkins, Ramsey County Probation Officer Doug Anderson, Executive Director, PERA Amy Strenge, Policy Director, PERA	HF3675‑SF3822 Summary Am. H3675-1A
3.	HF 4081 (Stephenson); SF 4092 (Gustafson): Public Employees Retirement Association (PERA) Correctional Plan; Increasing the benefit multiplier from 1.9% to 2.2% for prospective service; increasing employee and employer contributions. Laid over Testifiers: Doug Anderson, Executive Director, PERA Amy Strenge, Policy Director, PERA Anoka County Sheriff Brad Wise Submitted testimony: MNCORA Letter of support Letter from Association of Minnesota Counties and Minnesota Inter-County Association	HF4081‑SF4092 Summary
4.	HF 4933 (Nadeau); SF 4968 (Pappas): Teachers Retirement Association (TRA), St. Paul Teachers Retirement Fund Association (SPTRFA); Extending the suspension of the earnings limitation for retired teachers who return to teaching. Passed Testifiers: Holly Dayton, Legislative Liaison, TRA Phillip Tencick, Executive Director/CIO, SPTRFA Kate Lynne Snyder, Lobbyist, Education Minnesota	HF4933‑SF4968 Summary
5.	HF 4899 (O'Driscoll); SF 5073 (Westlin): PERA Defined Contribution Plans; Defined contribution plan federal compliance. Passed as amended Amendment H4899-1A Adopted Testifiers: Doug Anderson, Executive Director, PERA Amy Strenge, Policy Director, PERA	HF4899‑SF5073 Summary Am. H4899-1A
6.	HF xxxx; SF 5062 (Rasmusson): PERA Statewide Volunteer Firefighter Plan (SVF); Adding a defined contribution plan and making administrative changes. Passed Testifiers: Doug Anderson, Executive Director, PERA Amy Strenge, Policy Director, PERA	SF5062 Summary

PUBLIC VIEWING INFORMATION: This meeting will be streamed live by the House (webcast schedule).

TESTIFYING: The deadline to request to testify or submit written testimony was 12:00 noon, March 14.

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 accessibility.coordinator@lcc.mn.gov.

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

Meeting Details

Monday, March 11, 2024
8:30 AM
120 State Capitol
Chair: Rep. Kaohly Vang Her

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