May 6, 2025, Pension Commission Meeting

Agenda

1. Approval of April 22, 2025, meeting minutes.


2. SF 1986 (Kupec); HF 1779 (Wolgamott): PERA and MSRS General plans; Authorizing an unreduced early retirement annuity for probation agency employees at age 60 or 35 years of service (laid over from the March 25 meeting).
   • Amendment S1986-1A
   • Amendment S1986-2A ‑ Adopted by the Commission on March 25
   • Amendment S1986-3A ‑ Commission voted to not adopt on April 22
   • Delete-everything amendment S1986-DE2
   • SF1986-HF1779 Summary from the March 25 meeting


3. SF 3467 (Rasmusson/Frentz): Making corrections and clarifying changes to pension and retirement statutes.


4. 2025 Omnibus Pension and Retirement Policy Bill.
   • Delete-everything amendment S2884-DE1
   • Amendment S2884-2A (Secure Choice)
   • Motion authorizing staff to make any necessary technical corrections
   • Adoption of SF 2884 (Frentz); HF 1889 (O'Driscoll/Lillie), as amended, as the 2025 Omnibus Pension and Retirement Bill

PUBLIC TESTIMONY: **Because public testimony was taken when the bills for agenda items #2 and #4 were previously heard, no additional testimony will be taken.** To testify on an item that has not previously been heard, email lisa.diesslin@lcpr.mn.gov by 5:00 PM on Monday, May 5, identifying the specific agenda item and/or amendment on which you would like to testify, your name, title, and organization (if applicable), email address, and phone number. Testimony is limited to the items listed on the agenda.

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