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State and Local Government Operations Reform, Technology and Elections

24th MEETING

2009-2010 Regular Session - February 11, 2010

STATE OF MINNESOTA 24th MEETING
HOUSE OF REPRESENTATIVES EIGHTY-SIXTH SESSION
February 11, 2010

STATE & LOCAL GOVERNMENT OPERATIONS,
REFORM, TECHNOLOGY& ELECTIONS COMMITTEE

MINUTES


Representative Gene Pelowski, Chair of the State & Local Government Operations, Reform, Technology and Elections Committee, called the meeting to order at 8:30 A.M. on Thursday, February 11, 2010, in Room 200 of the State Office Building.

The Committee Legislative Assistant noted the roll.

Members present:

Pelowski, Chair
Poppe, Vice Chair
Anderson, P.
Buesgens
Emmer
Gottwalt
Hilty
Hornstein
Kahn
Kalin
Kiffmeyer
Lanning
Marquart
Morrow
Nelson
Simon
Sterner
Winkler

Members Absent: Sanders

A quorum was present.

Representative Poppe moved that the minutes of February 9, 2010, be approved. THE MOTION PREVAILED.

An overview was given on the financial status of the retirement systems of Minnesota and their various funding proposals.

Testifying:

Mary Vanek, Executive Director, Minnesota PERA

A handout titled, "Statewide Retirement Systems Funding Updates" was included in members’ packets.

Further testimony:

Howard Bicker, Director, Minnesota State Board of Investment
Dave Bergstrom, Executive Director, Minnesota State Retirement System
Luther Thompson, Assistant Director, Teachers Retirement Association
Rose Hermodson, Lobbyist, Committee of 13
Jan Alswager, Lobbyist, Education Minnesota


February 11, 2010
Page Two



The meeting was adjourned at 9:57 A.M.


_____________________________________
REP. GENE PELOWSKI, CHAIRMAN


_______________________________________
Kathy L. Anderson, Committee Legislative Assistant
More Info On This Meeting..

Overview on the financial status of the retirement systems of Minnesota: Public Employees Retirement Association, Minnesota State Retirement System, Teachers Retirement Association.