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Legislative Commission on Pensions and Retirement - 03/18/25
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March 19, 2025
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1:52:57Now PlayingAgenda:
Approval of the March 11, 2025, meeting minutes.
Presentation by the State Board of Investment (SBI).
Update from the Commission Actuary, including an overview of the recently published 2022-2023 Public Retirement Plan Portability Assumptions Study.
Mandatory annual reporting to the Commission (continued from last meeting)
Reports on pension fund correction of operational errors:
Minnesota State Retirement System (MSRS) report
St. Paul Teachers Retirement Fund Association (SPTRFA) report
Public Employees Retirement Association (PERA) report
Teachers Retirement Association (TRA) report
Report on IRAP to TRA transfers
Investment Business Recipient Disclosure reports by firefighter relief associations (sample reports)
SF 1341 (Pappas)/HF 1828 (Cha): Recommendations of the State Auditor's Fire Relief Association Working Group.
SF xxxx/HF 2395 (Huot): Firefighter relief associations; increasing the maximum lump-sum service pension amount from $15,000 to $20,000 for each year of service credited.
SF xxxx/HF 1889 (O'Driscoll): Minnesota State Retirement System administrative bill.
SFxxxx/HF1889 Summary
SF xxxx/HF 2237 (O'Driscoll): MSRS; Increasing the formula multiplier for the MSRS General Plan; increasing the postretirement adjustment for the General, Legislators, and Unclassified Plans.
*NOTE: Due to the fluid nature of the Legislature, agenda items may be added, removed or heard in a different order*
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