Major pension plans in the state
| Plan Name | Assets (millions) | Participants | Funded Ratio | Percent of ARC Paid | Retirement System that Administers the Plan |
|---|---|---|---|---|---|
| Duluth Teachers | Duluth Teachers Retirement Fund Association | ||||
| Minneapolis ERF | Minnesota Public Employees Retirement Association | ||||
| Minnesota GERF | 22,631.5 | 326,905 | 79.6 | 115.4 | Minnesota Public Employees Retirement Association |
| Minnesota State Employees | 13,855.7 | 112,994 | 91.9 | 110.9 | Minnesota State Retirement System |
| Minnesota Teachers | 22,745.0 | 167,506 | 76.1 | 86.6 | Minnesota Teachers Retirement Association |
| St. Paul Teachers | 1,037.6 | 10,038 | 64.5 | 127.1 | St. Paul Teachers' Retirement Fund Association |
| Minnesota Police and Fire | 8,973.5 | 24,912 | 87.8 | 116.6 | Minnesota Public Employees Retirement Association |
Source: Public Plans Database (as of 2020)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2021
| Fiscal Year | MN | US |
|---|---|---|
| 2001 | 2.6 | 2.9 |
| 2002 | 2.8 | 3.0 |
| 2003 | 2.9 | 3.4 |
| 2004 | 3.0 | 4.2 |
| 2005 | 3.0 | 3.8 |
| 2006 | 3.2 | 3.7 |
| 2007 | 3.0 | 3.9 |
| 2008 | 3.3 | 4.2 |
| 2009 | 3.7 | 4.4 |
| 2010 | 4.3 | 4.6 |
| 2011 | 3.2 | 4.9 |
| 2012 | 3.4 | 5.0 |
| 2013 | 3.7 | 5.2 |
| 2014 | 3.8 | 5.6 |
| 2015 | 4.0 | 5.8 |
| 2016 | 3.7 | 6.1 |
| 2017 | 4.2 | 6.0 |
| 2018 | 3.9 | 6.4 |
| 2019 | 3.8 | 6.2 |
| 2020 | 3.3 | 6.6 |
| 2021 | 3.5 | 6.8 |