I. Welcome/Introductions
II. Review and approve August 23 and October 8 meeting minutes
III. October 1 MMB memo: review of fiscal notes
Britta Reitan, MMB Budget Director
IV. Classified fiscal notes under Minnesota Government Data Practices Act
Priyanka Premo, Senate Counsel, Research and Fiscal Analysis
Nathan Hopkins, House Research
V. LBO update and discussion items
a. Information technology costs
b. Costs associated with FTEs
c. Absorbed costs
d. Developing assumptions
Michelle Weber, LBO Director
VI. Draft future meeting topics
a. Fiscal estimates
b. Secondary costs and dynamic scoring
c. Who may request a fiscal note
VII. Potential future meeting dates
VIII. Other items as determined by the chair
Persons interested in testifying must contact Kathryn Ho (kathryn.ho@lbo.leg.mn, 651-297-7146) by end of day Thursday, December 12, 2019.
1. Approval of meeting minutes
2. Appointment of the Commission’s new actuary.
• Overview of the RFP process
• Comments from the legislators who interviewed four actuarial firms
• Commission action: approval of the recommended firm
2. Update on actuarial valuations, experience studies, and legislative proposals from the pension funds.
• Minnesota State Retirement System (MSRS)
• Public Employees Retirement Association (PERA)
• Teachers Retirement Association (TRA)
4. Update on interim projects
• Legislation for St. Paul and the St. Paul School District regarding
contributions to multiemployer plans for trades employees
• COLA study
1. Call to Order
2. Approval of Subcommittee meeting minutes: November 12, 2019
3. Presentation: Irrigation- Pinelands Sands
* Keith Olander, Dean of Agricultural Studies, Central Lakes College
* Tim Nolte, Farmer, Irrigator
* Brian Roth, Farmer, Irrigator
4. Director’s Report: Subcommittee Legislative Priorities ~ Jim Stark
5. Presentation: Keeping Water on the Land, Water Storage ~ Dr. Karen Gran, UMD
6. Presentation: Keeping Water on the Land, Water Storage ~ Rob Sip, Red River Watershed Management Board
7. Adjourn