Welcome to Minnesota House Live Webcast and Mobile Streaming

Streaming link (for public participation): https://www.youtube.com/watch?v=-SKAxy4Nc4o

1. Information on Defined Contribution Plans
   • LCPR Memo on Defined Contribution Plans
     • Susan Lenczewski, Executive Director, LCPR
        
2. How Required Contributions are Determined and Related Funding Topics
   • Rose Hennessy-Allen, Pension Division Director, Office of the State Auditor
   • Doug Anderson, Executive Director, PERA
      
3. Information on Vesting Schedules and Retention
   • Workforce Turnover and Retention in the Public Sector: Insights from Public Pension Plans, National Institute on Retirement Security (Oct. 1, 2026)
     • Doug Anderson, Executive Director, PERA
        
4. Impact of 10-Year Vesting Schedule
   • Updated spreadsheet of the impact of shortening the vesting schedule to 10 years for relief associations
     • Rose Hennessy-Allen, Pension Division Director, Office of the State Auditor
   • Study prepared by Gabriel, Roeder, Smith & Company
     • Doug Anderson, Executive Director, PERA
        
5. Results of the Questionnaire
   • Workbook of questionnaire data
   • Spreadsheet of funding information for fire departments with EMPs who do not receive retirement benefits
     • Aleena Wilson, Analyst, LCPR
        
6. Discussion of Initial Determinations and Recommendations of the Work Group
   • Mandated Topics for Consideration and Determination (dated Oct. 29, 2026)
      
7. Preparation of the Work Group Report (as time permits)
   • Report Assignments
      
8. Future Meeting Dates and Times
    
9. Adjourn

TBD

STREAMING LINK (for public participation): https://www.youtube.com/watch?v=KSw1gytXSD8

Public viewing is available on YouTube.

1. Roll Call Attendance

2. Approve Minutes
     - Minutes from October 26, 2026

3. For Review: Public Comments Received on Potential Changes to Eligible, Generally Ineligible, and Prohibited Expenses
     - Potential Changes to Eligible Expenses
     - Potential Changes to Generally Ineligible Expenses
     - Potential Changes to Prohibited Expenses
     - Public Comments Received (as of 9 a.m. 11/2/26) on Potential Changes to Eligible, Generally Ineligible, and Prohibited Expenses

4. Discussion and Action: Draft Revised Guidance on Allowable Expenses for Recommendation to LCCMR
     - Draft Revised Guidance on Allowable Expenses

5. Discussion and Action: Potential Recommendation on Guidance Implementation
     - Memo on Guidance Implementation Questions

6. Public Testimony
The public is asked to keep their comments brief. If you would like to testify, please contact LCCMR at lccmr@lccmr.mn.gov by 4:00 pm the day before the meeting. Please specify to which agenda item your testimony relates and the form of your testimony (oral or written). The chair will accommodate testimony at the requested agenda item as time allows.

Materials to be posted by 4:30 the day before the meeting:

TBD - potential additional letters of testimony

7. Adjourn

TBD

STREAMING LINK (for public participation):https://www.youtube.com/watch?v=3oWYEeiKRPA