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Monday, February 12, 2024

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Monday, February 12, 2024
Monday, February 12, 2024 , 8:30 AM

Legislative Commission on Pensions and Retirement

Chair: Rep. Kaohly Vang Her
Location: 120 State Capitol
Agenda:

Action Items


  1. Approval of meeting minutes
    • May 4, 2023, October 30, 2023, and January 11, 2024, Commission meetings
    • January 8, 2024, Executive Committee meeting
  2. Designation of member of the Secure Choice board of directors to convene the first meeting

Informational Items


  1. Presentation by the Commission actuary, VIA Actuarial Solutions - VIA Presentation
    • Review of July 1, 2023, pension plan actuarial valuations and 2018-2022 experience studies
    • Recently effective Actuarial Standard of Practice No. 4
    • Overview of amortization and layered amortization
      • Mark W. Schulte, FSA, EA, MAAA, President and Consulting Actuary
      • Emily M. Knutson, FSA, EA, MAAA, Consulting Actuary
    • Submitted Testimony:
      • Mark Haveman, Executive Director, Minnesota Center for Fiscal Excellence (cover letter and "Observations on the State of State Pensions," combined into one document)
  2. Presentation by the St. Paul Teachers Retirement Fund Association (SPTRFA) - SPTRFA Presentation
    • Phill Tencick, Executive Director/CIO
  3. Presentation by the Minnesota State Retirement System (MSRS) - MSRS Presentation
    • Erin Leonard, Executive Director
  4. Presentation by the Public Employees Retirement Association (PERA) - PERA Presentation
    • Doug Anderson, Executive Director
  5. Presentation by the Teachers Retirement Association (TRA) - TRA Presentation
    • Jay Stoffel, Executive Director
    • Holly Dayton, Legislative Liaison

PUBLIC VIEWING INFORMATION: This meeting may be viewed live on the House HTV2 webcast channel.

WRITTEN TESTIMONY: To submit written testimony on an agenda item, please submit documents to the Commission staff (lisa.diesslin@lcpr.mn.gov) by 12:00 noon on Thursday, February 8.

ACCESSIBILITY/ACCOMMODATION: To comment on digital accessibility to meeting information, please submit comments using the Accessibility Comment Form. To request an accommodation, please visit FAQs for Disability Access or contact the LCC Accessibility Coordinator at accessibility.coordinator@lcc.mn.gov.

MEETING DOCUMENTS are also posted on the Commission website (www.lcpr.mn.gov) as soon as they are available.


For more agenda information, click here
Monday, February 12, 2024 , 12:00 PM

Floor Session

Location: House Floor
Agenda:
Monday, February 12, 2024 , 2:00 PM

Taxes

Chair: Rep. Aisha Gomez
Location: Room 5
Agenda:
HF2757 (Gomez) 2023 Tax Bill Technical Corrections Bill/DE3 Amendment

Materials will be posted to the Committee website when they are available.

Public testifiers should email their full name, organization (if applicable), preferred title testify to the Committee Administrator (Patrick.McQuillan@house.mn.gov) by 3 PM on Sunday, February 11th. Testimony will be limited to two minutes per testifier. Materials to be distributed to the Committee members are also due by 3 PM on Sunday, February 11th to the Committee Administrator (Patrick.McQuillan@house.mn.gov) and the Committee Legislative Assistant Lauren Sabes (Lauren.Sabes@house.mn.gov). Please note: submitted written testimony is public and will be included in the official committee record. It may be posted to the committee webpage if received by deadline.

For further information on accommodations, please visit FAQs for Disability Access or contact the LCC Accessibility Coordinator at accessibility.coordinator@lcc.mn.gov
o If you are having accessibility or usability problems with any Minnesota Legislative website or software, please send your comments to the Accessibility & Usability Comment Form
o To request legislative services for American Sign Language (ASL), Communication Access Realtime Translation (CART) closed captioning services, or live language interpretation services for Hmong, Somali, or Spanish speakers to testify, please contact the Committee Administrator as soon as possible.
Bills Added

Monday, February 12, 2024 , 4:00 PM

Education Policy

Chair: Rep. Laurie Pryor
Location: State Office Building Room 5
Agenda:
HF3489 (Rep. Frazier) - A bill for an act relating to education; providing for public safety; modifying the grounds for the use of reasonable force in schools; defining duties and establishing minimum training requirements for school resource officers; requiring development of a school resource officer model policy; appropriating money.

Notes:
AMENDMENTS: Amendments must be emailed to the committee administrator by 4pm Friday, February 9th.

HANDOUTS: Handouts MUST BE IN PDF FORMAT and emailed to the committee administrator before 12p.m. (noon), Friday, February 9th. If you are bringing hard copies to the committee, please bring 40 copies and check-in with the committee administrator before distribution.

TESTIFYING: The number of testifiers and length of time permitted is at the discretion of the chair, and is subject to change. Remote testimony is available upon request. Written testimony is encouraged and is accounted as official committee record - to be distributed to committee members and public. If you would like to testify or submit written testimony (PDF format), please email the committee administrator before 12 p.m. (noon), Friday, February 9th.

To learn more about requesting an accommodation, please visit the FAQs for Disability Access. If you have further questions on accommodations or accessibility, please contact the Committee Administrator.

This hearing may be viewed on the House webcast schedule page . All video events are closed captioned with automatically generated captions.

For any other questions or concerns, please reach out to the Committee Administrator at wilson.lee@house.mn.gov or 651-296-1913.