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 226.1 2,592 56.9 97.2 Duluth Teachers Retirement Fund Association
Minneapolis ERF 935.9 3,862 82.0 189.5 Minnesota Public Employees Retirement Association
Minnesota GERF 17,404.8 274,982 73.5 80.3 Minnesota Public Employees Retirement Association
Minnesota State Employees 11,498.6 100,864 83.0 65.6 Minnesota State Retirement System
Minnesota Teachers 20,293.7 148,959 74.1 65.0 Minnesota Teachers Retirement Association
St. Paul Teachers 1,045.4 9,317 61.8 86.0 St. Paul Teachers' Retirement Fund Association
Minnesota Police and Fire 7,273.1 22,399 80.1 86.4 Minnesota Public Employees Retirement Association

Source: Public Plans Database (as of 2014)

Public Cost

Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2017

Fiscal Year MN US
2001 2.3 2.9
2002 2.5 3.0
2003 2.5 3.4
2004 2.5 4.2
2005 2.3 3.8
2006 2.4 3.7
2007 2.3 3.9
2008 2.3 4.2
2009 2.5 4.4
2010 2.6 4.6
2011 2.5 4.9
2012 2.5 5.0
2013 2.4 5.2
2014 2.7 5.6
2015 3.0 5.8
2016 2.8 6.1
2017 3.0 6.0

Source: Public Plans Database and Census of Governments.