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Minnesota Legislature

NINTH MEETING - State Government Finance Division

2019-2020 Regular Session

NINTH MEETING – State Government Finance Division
2019-2020 Regular Session


STATE OF MINNESOTA NINTH MEETING
HOUSE OF REPRESENTATIVES NINETY-FIRST SESSION

STATE GOVERNMENT FINANCE COMMITTEE
MINUTES

Representative Nelson, Chair of the State Government Finance Committee, called the meeting to order at 8:01 AM, January 31, 2019 in the Basement Hearing Room of the State Office Building.

The Committee Legislative Assistant noted the roll.

Members present:
NELSON, Michael Chair
CARLSON, Andrew Vice Chair
ALBRIGHT, Tony GOP Lead
ACOMB, Patty
ELKINS, Steve
FREIBERG, Mike
GREEN, Steve
HERTAUS, Jerry
HUOT, John
KLEVORN, Ginny
LIPPERT, Todd
LONG, Jamie
MASIN, Sandra
NASH, Jim
OLSON, Liz
QUAM, Duane
VOGEL, Bob

Members excused:
KIEL, Debra

A quorum was present.

Representative Long moved that the minutes from the committee meeting on January 30, 2019 be approved. THE MOTION PREVAILED.

The following gave a review of the four largest Public Employee Retirement Systems:
Erin Leonard, Executive Director, the Minnesota State Retirement System (MSRS)
Doug Anderson, Executive Director, the Public Employees Retirement Association (PERA)
Jay Stoffel, Executive Director, the Teachers Retirement Association (TRA)
Jill Schurtz, Executive Director, the Saint Paul Teachers Retirement Fund Association (SPTRFA)

The meeting was adjourned at 9:28 AM.






______________________________________
Representative Michael Nelson, Chair


______________________________________
Sydney Spreck, Committee Legislative Assistant
More Info On This Meeting..
Agenda:

I. Overview for the Minnesota State Retirement System (MSRS) II. Overview for the Public Employees Retirement Association (PERA) III. Overview for the Teachers Retirement Association (TRA) IV. Overview for the Saint Paul Teachers Retirement Fund Association (SPTRFA) V. Role of the Legislative Commission on Pensions and Retirement relative to all public pension funds.

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