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Legislative Commission on Pensions and Retirement
Monday, April 8 2024 - watch this program
00:37 - Chair's discussion of the budget target for pensions.
02:48 - Delete-everything amendment to HF5040 (Her)/SF4643 (Frentz) Pension and Retirement bill.
Runs 1 hour, 39 minutes.
Legislative Commission on Pensions and Retirement
Tuesday, April 2 2024 - watch this program
00:57 - HFXXXX ( )/SF5197 (Pappas) MSRS General; Authorizing foreign citizens employed by public employers on a H-1B, H-1B1, or E3 visa to purchase service credit for a prior period of employment as an excluded employee.
10:47 - HF4358 (Brand)/SF5288 (Frentz) MSRS Correctional; Adding registered nurse-supervisor to the positions eligible for coverage and moving group supervisor and group supervisor assistant positions.
23;37 - HF4666 (Wolgamott)/SF4878 (Frentz) PERA P&F; Increasing the post-retirement adjustment; decreasing the waiting period for a post-retirement adjustment.
51:40 - HF5137 (Wolgamott) PERA P&F; Permitting payment of a normal retirement annuity without reduction or suspension upon employment or reemployment on or after age 55.
1:48:21 - HFXXXX/ ( )/SF5227 (Rasmusson) All plans; Resolving a conflict in the statute that dictates the established date for full funding; deleting obsolete provisions.
2:18:05 - HFXXXX/SFXXXX (Revisor #24-08106) All plans except MSRS; Changing the lookback for the full funding threshold from one year to three years.
Runs 2 hour, 34 minutes.
Legislative Commission on Pensions and Retirement
Monday, March 25 2024 - watch this program
02:02 - Introductory comments by the Chair.
TRA pensions as compared to teacher pensions in other states:.
05:52 -- Presentation by the National Association of State Retirement Administrators.
34:33 -- Presentation by The Pew Charitable Trusts.
1:00:07 - HF3972 (Wolgamott)/SF4196 (Gustafson) Teachers Retirement Association; Modifying the early retirement reduction factors; increasing employer contributions; increasing pension adjustment revenue for school districts.
1:30:22 - HF3808 (Nadeau)/SF4348 (Pratt) TRA; providing for an unreduced retirement annuity upon reaching age 62 with 30 years of service; increasing the employee contribution rate.
Runs 2 hours, 3 minutes.
Legislative Commission on Pensions and Retirement
Monday, March 18 2024 - watch this program
01:33 - HF3675 (Wolgamott)/SF3822 (Kupec) Minnesota State Retirement System 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.
43:53 - HF4081 (Stephenson)/SF4092 (Gustafson) Public Employees Retirement Association Correctional Plan; Increasing the benefit multiplier from 1.9% to 2.2% for prospective service; increasing employee and employer contributions.
55:42 - HF4933 (Nadeau)/SF4968 (Pappas) Teachers Retirement Association, Saint Paul Teachers Retirement Fund Association; Extending the suspension of the earnings limitation for retired teachers who return to teaching.
1:02:42 - HF4899 (O'Driscoll)/SF5073 (Westlin) PERA Defined Contribution Plans; Defined contribution plan federal compliance.
1:12:57 - HFXXXX (Cha)/SF5062 (Rasmusson) PERA Statewide Volunteer Firefighter Plan; Adding a defined contribution plan and making administrative changes.
Runs 1 hour, 19 minutes.
Legislative Commission on Pensions and Retirement
Monday, March 11 2024 - watch this program
00:30 - HF4428 (Nelson)/SF4606 (Rasmusson) Public Employees Retirement Association; calculation of withdrawal liability for privatizing medical facilities modified, and report required.
14:09 - HF4429 (Nelson)/SF4751 (Seeberger) Public Employees Retirement Association general employees retirement plan and local government correctional service retirement plan; limitation on disability benefit payments modified by eliminating an offset for income received from workers' compensation, and reporting requirement eliminated.
21:55 - HF4553 (Tabke)/SF4645 (Hauschild) State Patrol retirement plan new section added to codify the right to return to employment and continue receiving an annuity.
53:01 - HF4656 (Pursell)/SF4759 (Westlin) Supplemental retirement plan requirements revised, and employer matching contributions on account of an employee's qualified student loan payments under Secure 2.0 allowed.
Runs 1 hour, 6 minutes.
Legislative Commission on Pensions and Retirement
Monday, March 4 2024 - watch this program
01:06 - HFXXXX ( )/SF4424 (Pappas) Department of Human Services new positions added to the list of positions covered correctional service and permitting the purchase of past service credit.
25:20 - HF3930 (Frederick)/SF3761 (Frentz) Minnesota State Retirement System correctional state employees retirement plan; position added to covered correctional service employees of Department of Human Services list.
40:49 - HF4248 (Moller)/SFXXXX ( ) Minnesota Secure Choice retirement program; home and community-based services employees permitted to participate in program.
1:00:28 - HF4270 (Becker-Finn)/SF4319 (Pappas) Minnesota Secure Choice Retirement Program, requirements applicable to board of directors modified, interim executive director appointment authorized, and technical corrections made.
Runs 1 hour, 8 minutes.
Legislative Commission on Pensions and Retirement
Monday, February 26 2024 - watch this program
01:09 - Approval of firefighter relief association actuarial assumption changes.
04:28 - HF3636 (Cha)/SF3574 (Pappas) State auditor's volunteer firefighter working group recommendations implemented, volunteer firefighters relief associations governing provisions modified, and conforming changes made.
21:44 - Statewide Volunteer Firefighter Plan (PERA SVF) Incentive Plan report.
44:36 - HFXXXX (Berg)/SFXXXX (Nelson) Public Employees Retirement Association police and fire plan; clarifying eligibility for firefighters.
Runs 1 hour, 17 minutes.
Legislative Commission on Pensions and Retirement
Monday, February 19 2024 - watch this program
00:38 - Approval of actuarial assumption changes for the Minnesota State Retirement System General and Legislators Plans, Public Employees Retirement Association General Plan, and Teachers Retirement Association.
09:18 - HFxxxx/SFxxxx (Revisor #24-06717): IRAP to TRA Work Group bill.
53:53 - HFxxxx/SFxxxx (Revisor #24-06830): Minnesota State Retirement System Administrative bill.
Runs 1 hour, 3 minutes.
Legislative Commission on Pensions and Retirement
Monday, February 12 2024 - watch this program
00:52 - Designation of member of the Secure Choice board of directors to convene the first meeting.
04:30 - Presentation by the Commission actuary.
- Review of July 1, 2023, pension plan actuarial valuations and 2018-2022 experience studies.
- Recently effective Actuarial Standard of Practice #4.
- Overview of amortization and layered amortization.
30:17 - Presentation by the Saint Paul Teachers Retirement Fund Association.
41:53 - Presentation by the Minnesota State Retirement System.
55:13 - Presentation by the Public Employees Retirement Association.
1:17:10 - Presentation by the Teachers Retirement Association.
Runs 1 hour, 35 minutes.
Legislative Commission on Pensions and Retirement *
Thursday, January 11 2024 - watch this program
*This remote hearing took place in Fergus Falls, MN; the television production was created by Fergus Falls City Council Chamber staff.
07:34 - Testimony related to the Teachers Retirement Association, teacher pensions and pension plans other than teacher plans.
Runs 1 hour, 37 minutes.
Legislative Commission on Pensions and Retirement - Executive Committee
Monday, January 8 2024 - watch this program
00:56 - Consideration of applicants for three seats to be appointed by the LCPR to the Minnesota Secure Choice Retirement Program Board of Directors.
Runs 8 minutes.
Subcommittee on Minnesota Water Policy
Tuesday, December 5 2023 - watch this program
02:08 - University of Minnesota fifty-year water plan.
12:15 - Metropolitan Council metro area water supply planning process and timeline, outlook, and updates.
42:25 - Reauthorization of Agricultural Fertilizer Research and Education Council.
56:05 - Update on nitrates in groundwater in SE Minnesota.
1:24:55 - Discussion: bills for consideration by the Subcommittee.
1:25:50 - Keep it Clean initiative-Winter Fishing.
Runs 1 hour, 33 minutes.
Legislative Energy Commission
Monday, November 13 2023 - watch this program
00:54 - Approval of LEC rules.
02:14 - Hydrogen and the possibilities for hydrogen in MN.
49:56 - Community solar gardens.
1:47:37 - Public testimony.
Runs 1 hour, 58 minutes.
Legislative Budget Office Oversight Commission
Monday, October 16 2023 - watch this program
04:58 - Election of vice chair.
07:30 - Updates to the Fiscal Note Uniform Standards and Procedures.
56:20 - Future meeting dates and topics.
Runs 57 minutes.
Subcommittee on Minnesota Water Policy
Tuesday, October 3 2023 - watch this program
01:43 - Presentation: Environmental groups petition to US EPA, requesting emergency authority to address threats to drinking water in southeast Minnesota.
40:35 - Response to petition from agricultural interest groups.
1:08:04 - Questions and feedback.
Runs 1 hour, 33 minutes.
Legislative Commission on Cybersecurity
Monday, September 11 2023 - watch this program
01:27 - Updates to closed meeting procedures.
02:52 - State and Local Cybersecurity Grant Program update.
17:19 - Critical IT projects update.
46:08 - AI state workgroup update.
Discussion: Disaster Recovery Plans and Preparedness:.
49:42 - MNIT.
59:46 - MN National Guard's 177th Cyber Protection Team.
Runs 1 hour, 29 minutes.
Legislative Commission on Pensions and Retirement
Thursday, May 4 2023 - watch this program
(Non-action item, informational hearing only, no formal action will be taken).
00:30 - HF3294 (Wolgamott)/SF3314 (Cwodzinski) Teachers Retirement Association; Lowering the normal retirement age to age 64; increasing employee and employer contributions for TRA and the Higher Education Individual Retirement Account Plan.
Runs 1 hour, 41 minutes.
House Floor Session - part 3/Joint Convention of the House and Senate
Monday, May 1 2023 - watch this program
00:15 - Arrival of the Minnesota Senate.
02:00 - Convening of the Joint Convention.
05:12 - Election of members to the Board of Regents of the University of Minnesota.
-- Second Congressional District seat.
-- Third Congressional District seat.
-- Eighth Congressional District seat.
52:43 - Election of member to the Board of Regents of the University of Minnesota.
-- First vote for At-Large seat.
1:14:18 - Second vote for At-Large seat.
Runs 1 hour, 37 minutes.
House Floor Session - part 3 / Joint Convention of the Legislature / State of the State Address
Wednesday, April 19 2023 - watch this program
Reconvening of the House.
00:20 - Arrival of the Minnesota Senate.
05:08 - Arrival of the Supreme Court and Chief Judge of the Court of Appeals.
07:27 - Arrival of the Constitutional Officers.
10:23 - Arrival of former Governor Dayton.
12:11 - Arrival of Lieutenant Governor Peggy Flanagan.
15:00 - Arrival of Governor Tim Walz.
17:47 - State of the State Address by Governor Tim Walz.
Runs 49 minutes.
Legislative Commission on Pensions and Retirement
Monday, April 17 2023 - watch this program
00:29 - Approval of actuarial assumption changes for the Saint Paul Teachers Retirement Fund Association.
04:21 - Possible legislation, work groups, and topics for the 2023-2024 interim.
Runs 38 minutes.
Legislative Commission on Pensions and Retirement
Monday, April 3 2023 - watch this program
00:43 - Final action on the 2023 Pension budget bill: Adoption of HF3100 (Her); SF3162 (Frentz), as amended, as the 2023 Pension budget bill.
Runs 52 minutes.
Legislative Commission on Pensions and Retirement
Monday, March 27 2023 - watch this program
00:27 - HF782, 1st Engrossment (Becker-Finn); SF413, 2nd Engrossment (Pappas) Minnesota Secure Choice Retirement Program.
49:23 - Presentation and discussion of the draft budget spreadsheet for the Pension finance bill.
Runs 1 hour, 51 minutes.
Legislative Commission on Pensions and Retirement
Wednesday, March 22 2023 - watch this program
(No audio for the first 3 minutes, 21 seconds because the audio was not turned on in the hearing room).
(joined-in-progress) 2023 Pension and Retirement policy bill, delete-everything amendment A23-xxx to HF2950 (Her); SF 3016 (Frentz).
Runs 53 minutes.
Legislative Commission on Pensions and Retirement
Monday, March 20 2023 - watch this program
01:01 - HF1234 (Her), 1st Engrossment; SF 1959 (Frentz) Modifying peace officer and firefighter duty disability provisions; requiring a report; appropriating money.
1:32:17 - HF2713 (Nelson, M.); SF 2371 (Frentz) PERA; Increasing post-retirement adjustments for members receiving a basic member annuity from the General Plan.
1:42:49 - HF1923 (Wolgamott); SF 2140 (Seeberger) PERA; Authorizing transfer of past service credit from the PERA General Plan to the Police & Fire Plan for two Metropolitan Airports Commission police officers.
1:48:14 - HF1669 (Anderson, Paul) PERA Defined Contribution Plan; Expanding coverage to include local government officials, whether elected or appointed [Identical to HF 2487 (Wolgamott); SF 2897 (Seeberger)].
1:59:08 - Discussion surrounding SF 208 (Howe) PERA; Extending the payment period for the purchase of service credit for periods of military service.
2:00:41 - LCPR23-033: Saint Paul Teachers Retirement Fund Association; Permit members who are in a same sex marriage designate their spouse as survivor, even if they are in pay status.
Runs 2 hours, 4 minutes.
Legislative Commission on Pensions and Retirement
Thursday, March 16 2023 - watch this program
00:13 - State Auditor's Supplemental State Aid Work Group Report.
24:37 - HF2928 (Nelson); SFxxxx (Pappas), Revisor #23-04606: State Auditor's Volunteer Firefighter Working Group.
39:35 - HF217 (Franson/Stephenson); SF 809 (Westrom) Public Employees Retirement Association statewide volunteer firefighter plan provisions modified, and service counted modified in determining vesting in a retirement benefit.
50:21 - HF2007 (Robbins); SF 1975 (Limmer) Mid-year effective date for joining Public Employees Retirement Association statewide volunteer firefighter plan provided for Hamel Volunteer Fire Department Relief Association and Loretto Firefighters Relief Association, and Public Employees Retirement Association authorized to merge assets and liabilities related to retirement benefits for merged firefighters.
57:55 - HF2777 (Hudella) Statewide volunteer firefighter retirement plan; requirements applicable to relief association after affiliated fire department joins statewide volunteer firefighter retirement plan amended.
Runs 1 hour, 4 minutes.
Sovereignty Day - afternoon event
Monday, March 13 2023 - watch this program
History of Federal Indian policy.
Runs 33 minutes.
Sovereignty Day - Breakout Session - Indian Child Welfare Act
Monday, March 13 2023 - watch this program
Indian Child Welfare Act.
Runs 45 minutes.
Sovereignty Day - Breakout Session - Public Safety/Law Enforcement
Monday, March 13 2023 - watch this program
Public Safety/Law Enforcement.
Runs 56 minutes.
Sovereignty Day - Closing
Monday, March 13 2023 - watch this program
00:37 - Remarks by Lieutenant Governor Flanagan.
07:47 - Remarks by Senator Kunesh.
10:32 - Remarks by Speaker Melissa Hortman.
12:05 - Closing Drum Group and Flag/Honor Guard.
Runs 19 minutes.
Sovereignty Day - morning events
Monday, March 13 2023 - watch this program
00:44 - Drum circle and Flag/Honor Guard.
03:17 - Invocation.
05:17 - State leadership remarks.
14:16 - 11 tribal leaders' presentation about key issues and priorities for tribes.
2:29:00 - Signing of the bill enrollment of SF667 (Keeler) Minnesota Indian Family Preservation Act changes made.
(End of morning proceedings).
Runs 2 hours, 31 minutes.
Legislative Commission on Pensions and Retirement
Monday, March 6 2023 - watch this program
00:36 - Public testimony on benefit improvements for teachers.
09:55 - Governor's budget for public pensions.
16:11 - Benefit changes and funding proposals.
47:21 - Public testimony on the pension fund benefit changes and funding proposals.
1:14:30 - HF2222 (Wolgamott); SF1938 (Frentz) Teacher Retirement Association and Saint Paul Teacher Retirement Fund Association; unreduced retirement provided at age 62 or with 35 years of service, deferred annuities augmentation restored for teachers, additional service credit provided for school employees, postretirement adjustments modified to tie increases to inflation, employer contributions increased, pension adjustment revenue increased for school districts, and money appropriated (Education Minnesota proposal).
Runs 1 hour, 31 minutes.
Legislative Commission on Pensions and Retirement
Monday, February 27 2023 - watch this program
*There was no committee room audio for the first :32.
(joined-in-progress) 00:32 - HFXXXX; SF1910 (Frentz) Higher education retirement account plan employer contribution rate increase.
27:29 - Summary of Minnesota State Higher Education Individual Retirement Account Plan/Teachers Retirement Association coverage elections and service credit transfers:.
31:36 - HFXXXX; SF1995 (Seeberger) Employee of Minnesota State Colleges and Universities who is a member of the higher education individual retirement account plan authorization to elect coverage by the Teachers Retirement Association.
53:25 - HF1499 (Olson, L.); SF1420 (McEwen) Employees of Fond du Lac Tribal and Community College who are members of higher education individual retirement account plan authorized to elect coverage by Teachers Retirement Association and receive retroactive service credit.
1:00:47 - LCPR23-021: Authorizing eligible employees of Minnesota State Colleges and Universities who are members of the higher education individual retirement account plan to elect coverage by the Teachers Retirement Association and receive retroactive service credit.
1:14:46 - Stakeholder testimony on benefit improvements for teachers.
Runs 1 hour, 55 minutes.
Legislative Commission on Pensions and Retirement
Monday, February 20 2023 - watch this program
00:28 - HF782 (Becker-Finn); SF413 (Pappas) Minnesota Secure Choice retirement program established.
59:15 - HF1201 (Nelson, M.); SF1393 (Pappas) Employer contribution to international union of operating engineers pension fund cap increased.
1:08:00 - Minnesota State Individual Retirement Account Plan overview and history of Teachers Retirement Association coverage elections.
Runs 1 hour, 30 minutes.
Legislative Commission on Pensions and Retirement
Monday, February 13 2023 - watch this program
00:38 - Presentation on investment portfolio and historic rates of return for the public pension funds at the State Board of Investment.
36:23 - HF1468 (Nelson, M.); SF1377 (Rasmusson) Reducing the assumed rate of return to 7% for the Minnesota State Retirement System, Public Employees Retirement Association, Teachers Retirement Association, and Saint Paul Teachers Retirement Fund Association.
1:15:38 - Presentation on the Department of Labor and Industry report: "Adequacy of Disability Benefits for Minnesota Police Officers".
Runs 1 hour, 42 minutes.
Legislative Commission on Pensions and Retirement
Monday, February 6 2023 - watch this program
01:02 - HF1199 (Wolgamott); SF1308 (Murphy) Minnesota State Retirement System 2023 administrative bill.
08:32 - HFXXXX; SFXXXX (Revisor #23-03171) Public Employees Retirement Association 2023 administrative bill.
17:22 - HFXXXX; SFXXXX (Revisor #23-03138) Teachers Retirement Association 2023 administrative bill.
19:44 - Amendment H1199-DE1 to combine the MSRS, PERA, and TRA administrative bills.
26:53 - Presentation by the Commission actuary on the investment rate of return actuarial assumption.
Runs 1 hour, 13 minutes.
Legislative Commission on Pensions and Retirement
Monday, January 30 2023 - watch this program
00:22 - Public Employees Retirement Association presentation.
26:55 - Teachers Retirement Association presentation.
52:48 - Saint Paul Teachers Retirement Fund Association presentation.
1:12:30 - State Board of Investment presentation.
Runs 1 hour, 31 minutes.
Legislative Commission on Pensions and Retirement
Monday, January 23 2023 - watch this program
00:14 - Election of 2023-2024 Commission officers.
04:03 - Introductions.
11:27 - Overview of the Commission and Minnesota's public pension statutes and structure.
- Susan Lenczewski, LCPR Executive Director.
- Chad Burkitt, LCPR Deputy Director.
44:28 - Presentation on the work of the actuary and actuarial concepts.
- Mark Schulte, FSA, EA, MAAA, President and Consulting Actuary, Van Iwaarden Associates.
- Emily Knutson, FSA, EA, MAAA, Consulting Actuary, Van Iwaarden Associates.
1:14:32 - Presentations on FY22 actuarial status.
- Erin Leonard, Executive Director, Minnesota State Retirement System.
- Doug Anderson, Executive Director, Public Employees Retirement Association.
Runs 1 hour, 21 minutes.