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    Information on Minnesota State Agencies, Boards, Task Forces, and Commissions

    Compiled by the Minnesota Legislative Reference Library

    Investment Advisory Council

    Active dates:1977 -
    Authority:
    Minn. Stat. 11A.08
    Minn. Stat. 11.117 [Repealed, 1980 c 607 art 14 s 48]
    1977 Minn. Laws Chap. 209 Sec. 1
    Function:

    Advises the Minnesota State Board of Investment concerning general policy relating to investments, on methods to improve the rate of return while maintaining adequate security, and on the form and content of the board's annual report.

    The council reviews the board's asset allocation and investment strategy, proposed statutory changes, and internal operating guidelines.

    History:

    The Council was created in 1977. The investment laws of the state were recodified in 1980 and the executive directors of the retirement systems were added to the Council membership in 1981. The active members of the retirement funds were added in 1982.

    The Investment Advisory Council was reviewed by the Legislative Commission on Planning and Fiscal Policy (LCPFP) in 2013 as part of their biennial duty required by Minn. Stat. 3.885 Subd. 11. The LCPFP's 2013 Recommendations called for keeping the council.
    Advisory to:
    Investment Board
    Membership:

    The council is composed of seventeen persons, including ten appointed by the board, the executive directors of the three retirement funds, the commissioner of finance, a retiree, and two employee representatives.

    Entries for this agency in the Annual Compilation and Statistical Report of Multi-Member Agencies Report: 2023, 2022, 2021, 2020, 2019, 2018, 2017, 2017, 2016, 2015, 2014, 2013, 2012, 2011, 2010, 2009, 2008, 2007, 2006, 2005, 2004, 2003, 2002, 2001, 2000, 1999, 1998, 1997, 1996, 1995, 1994, 1993, 1992, 1991, 1990, 1989, 1988, 1987, 1986, 1985, 1984, 1983, 1982, 1981, 1980, 1979, 1978.

    Note: This report provides membership details as well as meeting information and a summary of the group's activities.

    Internet resource:
    Investment Advisory Council, Minnesota State Board of Investment
    Reports:
    Executive Branch Advisory Group Overviews (August 21, 2013)
    Executive Branch Advisory Groups Recommendations (December 18, 2013)
    Note: The Legislative Reference Library may have additional reports on or by this group available through our catalog.
    Documents/Articles:
    News clippings and documents. Agencies Notebook Collection, 1982-2016.
    Record last updated: 10/17/2022
     

    All information on this group from the Library’s collection of agency notebooks has been digitized. These materials are incorporated into the “documents/articles” section of the record. Please contact a librarian with any questions. The Minnesota Agencies database is a work in progress.

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