State Data » Minnesota

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

Source: Public Plans Database and Census of Governments.

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