SF2923 - Minnesota: Legislative commission on pensions and retirement actuarial services retention

TICLE 1 - ACTUARY RETAINED BY THE LEGISLATIVE COMMISSIONS ON PENSION AND RETIREMENT Providing for actuarial services to the legislature and the state; mandating the retention of the consulting actuary for various retirement related reports by the legislative commission on pensions and retirement (LCPR); eliminating certain joint contractual duties of the Minnesota state retirement system (MSRS), the public employees retirement association (PERA), the teachers retirement association (TRA), the Duluth teachers retirement fund association, the Minneapolis employees retirement fund (MERF) and the St. Paul teachers retirement fund; allocating the costs of actuarial services among retirement plans; creating a legislative commission on pensions and retirement revolving fund for actuarial services, requiring actuarial costs assessments to be credited to the account; modifying certain retirement plans reporting [...]

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