Windows Media Player is required

Legislative Commission on Pensions and Retirement
Thursday, May 4 2023 - watch this program
(Non-action item, informational hearing only, no formal action will be taken).
00:30 - HF3294 (Wolgamott)/SF3314 (Cwodzinski) Teachers Retirement Association; Lowering the normal retirement age to age 64; increasing employee and employer contributions for TRA and the Higher Education Individual Retirement Account Plan.
Runs 1 hour, 41 minutes.


House Floor Session - part 3/Joint Convention of the House and Senate
Monday, May 1 2023 - watch this program
00:15 - Arrival of the Minnesota Senate.
02:00 - Convening of the Joint Convention.
05:12 - Election of members to the Board of Regents of the University of Minnesota.
-- Second Congressional District seat.
-- Third Congressional District seat.
-- Eighth Congressional District seat.
52:43 - Election of member to the Board of Regents of the University of Minnesota.
-- First vote for At-Large seat.
1:14:18 - Second vote for At-Large seat.
Runs 1 hour, 37 minutes.


House Floor Session - part 3 / Joint Convention of the Legislature / State of the State Address
Wednesday, April 19 2023 - watch this program
Reconvening of the House.
00:20 - Arrival of the Minnesota Senate.
05:08 - Arrival of the Supreme Court and Chief Judge of the Court of Appeals.
07:27 - Arrival of the Constitutional Officers.
10:23 - Arrival of former Governor Dayton.
12:11 - Arrival of Lieutenant Governor Peggy Flanagan.
15:00 - Arrival of Governor Tim Walz.
17:47 - State of the State Address by Governor Tim Walz.
Runs 49 minutes.


Legislative Commission on Pensions and Retirement
Monday, April 17 2023 - watch this program
00:29 - Approval of actuarial assumption changes for the Saint Paul Teachers Retirement Fund Association.
04:21 - Possible legislation, work groups, and topics for the 2023-2024 interim.
Runs 38 minutes.


Legislative Commission on Pensions and Retirement
Monday, April 3 2023 - watch this program
00:43 - Final action on the 2023 Pension budget bill: Adoption of HF3100 (Her); SF3162 (Frentz), as amended, as the 2023 Pension budget bill.
Runs 52 minutes.


Legislative Commission on Pensions and Retirement
Monday, March 27 2023 - watch this program
00:27 - HF782, 1st Engrossment (Becker-Finn); SF413, 2nd Engrossment (Pappas) Minnesota Secure Choice Retirement Program.
49:23 - Presentation and discussion of the draft budget spreadsheet for the Pension finance bill.
Runs 1 hour, 51 minutes.


Legislative Commission on Pensions and Retirement
Wednesday, March 22 2023 - watch this program
(No audio for the first 3 minutes, 21 seconds because the audio was not turned on in the hearing room).
(joined-in-progress) 2023 Pension and Retirement policy bill, delete-everything amendment A23-xxx to HF2950 (Her); SF 3016 (Frentz).
Runs 53 minutes.


Legislative Commission on Pensions and Retirement
Monday, March 20 2023 - watch this program
01:01 - HF1234 (Her), 1st Engrossment; SF 1959 (Frentz) Modifying peace officer and firefighter duty disability provisions; requiring a report; appropriating money.
1:32:17 - HF2713 (Nelson, M.); SF 2371 (Frentz) PERA; Increasing post-retirement adjustments for members receiving a basic member annuity from the General Plan.
1:42:49 - HF1923 (Wolgamott); SF 2140 (Seeberger) PERA; Authorizing transfer of past service credit from the PERA General Plan to the Police & Fire Plan for two Metropolitan Airports Commission police officers.
1:48:14 - HF1669 (Anderson, Paul) PERA Defined Contribution Plan; Expanding coverage to include local government officials, whether elected or appointed [Identical to HF 2487 (Wolgamott); SF 2897 (Seeberger)].
1:59:08 - Discussion surrounding SF 208 (Howe) PERA; Extending the payment period for the purchase of service credit for periods of military service.
2:00:41 - LCPR23-033: Saint Paul Teachers Retirement Fund Association; Permit members who are in a same sex marriage designate their spouse as survivor, even if they are in pay status.
Runs 2 hours, 4 minutes.


Legislative Commission on Pensions and Retirement
Thursday, March 16 2023 - watch this program
00:13 - State Auditor's Supplemental State Aid Work Group Report.
24:37 - HF2928 (Nelson); SFxxxx (Pappas), Revisor #23-04606: State Auditor's Volunteer Firefighter Working Group.
39:35 - HF217 (Franson/Stephenson); SF 809 (Westrom) Public Employees Retirement Association statewide volunteer firefighter plan provisions modified, and service counted modified in determining vesting in a retirement benefit.
50:21 - HF2007 (Robbins); SF 1975 (Limmer) Mid-year effective date for joining Public Employees Retirement Association statewide volunteer firefighter plan provided for Hamel Volunteer Fire Department Relief Association and Loretto Firefighters Relief Association, and Public Employees Retirement Association authorized to merge assets and liabilities related to retirement benefits for merged firefighters.
57:55 - HF2777 (Hudella) Statewide volunteer firefighter retirement plan; requirements applicable to relief association after affiliated fire department joins statewide volunteer firefighter retirement plan amended.
Runs 1 hour, 4 minutes.


Sovereignty Day - afternoon event
Monday, March 13 2023 - watch this program
History of Federal Indian policy.
Runs 33 minutes.


Sovereignty Day - Breakout Session - Indian Child Welfare Act
Monday, March 13 2023 - watch this program
Indian Child Welfare Act.
Runs 45 minutes.


Sovereignty Day - Breakout Session - Public Safety/Law Enforcement
Monday, March 13 2023 - watch this program
Public Safety/Law Enforcement.
Runs 56 minutes.


Sovereignty Day - Closing
Monday, March 13 2023 - watch this program
00:37 - Remarks by Lieutenant Governor Flanagan.
07:47 - Remarks by Senator Kunesh.
10:32 - Remarks by Speaker Melissa Hortman.
12:05 - Closing Drum Group and Flag/Honor Guard.
Runs 19 minutes.


Sovereignty Day - morning events
Monday, March 13 2023 - watch this program
00:44 - Drum circle and Flag/Honor Guard.
03:17 - Invocation.
05:17 - State leadership remarks.
14:16 - 11 tribal leaders' presentation about key issues and priorities for tribes.
2:29:00 - Signing of the bill enrollment of SF667 (Keeler) Minnesota Indian Family Preservation Act changes made.
(End of morning proceedings).
Runs 2 hours, 31 minutes.


Legislative Commission on Pensions and Retirement
Monday, March 6 2023 - watch this program
00:36 - Public testimony on benefit improvements for teachers.
09:55 - Governor's budget for public pensions.
16:11 - Benefit changes and funding proposals.
47:21 - Public testimony on the pension fund benefit changes and funding proposals.
1:14:30 - HF2222 (Wolgamott); SF1938 (Frentz) Teacher Retirement Association and Saint Paul Teacher Retirement Fund Association; unreduced retirement provided at age 62 or with 35 years of service, deferred annuities augmentation restored for teachers, additional service credit provided for school employees, postretirement adjustments modified to tie increases to inflation, employer contributions increased, pension adjustment revenue increased for school districts, and money appropriated (Education Minnesota proposal).
Runs 1 hour, 31 minutes.


Legislative Commission on Pensions and Retirement
Monday, February 27 2023 - watch this program
*There was no committee room audio for the first :32.
(joined-in-progress) 00:32 - HFXXXX; SF1910 (Frentz) Higher education retirement account plan employer contribution rate increase.
27:29 - Summary of Minnesota State Higher Education Individual Retirement Account Plan/Teachers Retirement Association coverage elections and service credit transfers:.
31:36 - HFXXXX; SF1995 (Seeberger) Employee of Minnesota State Colleges and Universities who is a member of the higher education individual retirement account plan authorization to elect coverage by the Teachers Retirement Association.
53:25 - HF1499 (Olson, L.); SF1420 (McEwen) Employees of Fond du Lac Tribal and Community College who are members of higher education individual retirement account plan authorized to elect coverage by Teachers Retirement Association and receive retroactive service credit.
1:00:47 - LCPR23-021: Authorizing eligible employees of Minnesota State Colleges and Universities who are members of the higher education individual retirement account plan to elect coverage by the Teachers Retirement Association and receive retroactive service credit.
1:14:46 - Stakeholder testimony on benefit improvements for teachers.
Runs 1 hour, 55 minutes.


Legislative Commission on Pensions and Retirement
Monday, February 20 2023 - watch this program
00:28 - HF782 (Becker-Finn); SF413 (Pappas) Minnesota Secure Choice retirement program established.
59:15 - HF1201 (Nelson, M.); SF1393 (Pappas) Employer contribution to international union of operating engineers pension fund cap increased.
1:08:00 - Minnesota State Individual Retirement Account Plan overview and history of Teachers Retirement Association coverage elections.
Runs 1 hour, 30 minutes.


Legislative Commission on Pensions and Retirement
Monday, February 13 2023 - watch this program
00:38 - Presentation on investment portfolio and historic rates of return for the public pension funds at the State Board of Investment.
36:23 - HF1468 (Nelson, M.); SF1377 (Rasmusson) Reducing the assumed rate of return to 7% for the Minnesota State Retirement System, Public Employees Retirement Association, Teachers Retirement Association, and Saint Paul Teachers Retirement Fund Association.
1:15:38 - Presentation on the Department of Labor and Industry report: "Adequacy of Disability Benefits for Minnesota Police Officers".
Runs 1 hour, 42 minutes.


Legislative Commission on Pensions and Retirement
Monday, February 6 2023 - watch this program
01:02 - HF1199 (Wolgamott); SF1308 (Murphy) Minnesota State Retirement System 2023 administrative bill.
08:32 - HFXXXX; SFXXXX (Revisor #23-03171) Public Employees Retirement Association 2023 administrative bill.
17:22 - HFXXXX; SFXXXX (Revisor #23-03138) Teachers Retirement Association 2023 administrative bill.
19:44 - Amendment H1199-DE1 to combine the MSRS, PERA, and TRA administrative bills.
26:53 - Presentation by the Commission actuary on the investment rate of return actuarial assumption.
Runs 1 hour, 13 minutes.


Legislative Commission on Pensions and Retirement
Monday, January 30 2023 - watch this program
00:22 - Public Employees Retirement Association presentation.
26:55 - Teachers Retirement Association presentation.
52:48 - Saint Paul Teachers Retirement Fund Association presentation.
1:12:30 - State Board of Investment presentation.
Runs 1 hour, 31 minutes.


Legislative Commission on Pensions and Retirement
Monday, January 23 2023 - watch this program
00:14 - Election of 2023-2024 Commission officers.
04:03 - Introductions.
11:27 - Overview of the Commission and Minnesota's public pension statutes and structure.
- Susan Lenczewski, LCPR Executive Director.
- Chad Burkitt, LCPR Deputy Director.
44:28 - Presentation on the work of the actuary and actuarial concepts.
- Mark Schulte, FSA, EA, MAAA, President and Consulting Actuary, Van Iwaarden Associates.
- Emily Knutson, FSA, EA, MAAA, Consulting Actuary, Van Iwaarden Associates.
1:14:32 - Presentations on FY22 actuarial status.
- Erin Leonard, Executive Director, Minnesota State Retirement System.
- Doug Anderson, Executive Director, Public Employees Retirement Association.
Runs 1 hour, 21 minutes.