May 17, 2025, Pension Commission Meeting

Agenda

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


2. 2025 Omnibus Pension and Retirement Bill, SF 2884 (Frentz); HF 1889 (O'Driscoll/Lillie). ‑ Passed as amended
   • Delete-everything amendment S2884-DE1. The delete-everything amendment contains the language of the bills passed by the Commission as of the April 22, 2025, meeting. ‑ Adopted
     • General summary of S2884-DE1
     • Section-by-section summary of S2884-DE1
     • List of source bills for S2884-DE1
   
   
   • Amendment S2884-13A (benefit improvements and funding for public safety and teachers) ‑ Adopted
     Amendment divided:
     Pages 1 to 3 ‑ Adopted
     Pages 4 to 11 ‑ Adopted
   • Summary of Amendment S2884-13A
   • Senate Fiscal Analysis Spreadsheet
   
   
   • Amendment S2884-15A (include St. Paul Teachers) ‑ Withdrawn
   
   
   • Amendment S2884-5A (work group on probation/911 plans - passed by the Senate Finance Committee on May 13) ‑ Withdrawn
   
   
   • Amendment S2884-4A (work group on probation/911 plans) ‑ Adopted
   
   
   • Amendment S2884-12A (duty disability benefits) ‑ Adopted
   
   
   • Amendment S2884-2A (Secure Choice Retirement Program - passed by the Senate State and Local Government Committee on May 13) ‑ Adopted
     • Summary of Amendment S2884-2A
   
   
   • Amendment S2884-9A ‑ Adopted
     (combines Amendments S2884-3A, related to PERA SVF Plan amortization, and S2884-8A, containing the language of SF3467-Rasmusson/Frentz, making corrections, clarifications, and technical changes - which were both passed by the Senate State and Local Government Committee on May 13, and makes other changes suggested by the Revisor)
     • Summary of Amendment S2884-9A
   
   
   • Amendment S2884-14A (state aid termination & supplemental employer contributions) ‑ Adopted
   
   
   • Motion authorizing staff to make any necessary technical corrections ‑ Approved
   
   
   • Adoption of SF 2884 (Frentz); HF 1889 (O'Driscoll/Lillie), as amended, as the 2025 Omnibus Pension and Retirement Bill ‑ Passed as amended

PUBLIC TESTIMONY: Because public testimony was taken when the bills included in the omnibus delete-everything amendment were previously heard, no additional in-person or written testimony will be taken.

PUBLIC VIEWING INFORMATION: This meeting will be streamed live by the Legislative Coordinating Commission on the LCC YouTube page.

NOTE: For access to the Capitol after 4:30 PM, use the emergency call box button located on the ground floor level underneath the south steps. The State Patrol will answer and will send an officer to let you in.

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