The Duluth Teachers RFA provides pension, death, and disability benefits for certificated employees of Duluth Public Schools. The system was merged into the Minnesota Teachers Retirement Association effective June 30, 2015.
Duluth Teachers Retirement Fund Association Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| Duluth Teachers |
226.1 |
2,592 |
| Other Plans |
0 |
0 |
| Total |
226.1 |
2,592 |
Source: Public Plans Database (as of 2014)
Note: Duluth Teachers Retirement Fund Association has 0 other plans.
Assets
Assets at Year-End
Duluth Teachers Retirement Fund Association
2004-2014
| Fiscal Year |
Net Assets (billions) |
| 2004 |
0.3 |
| 2005 |
0.3 |
| 2006 |
0.3 |
| 2007 |
0.3 |
| 2008 |
0.3 |
| 2009 |
0.2 |
| 2010 |
0.2 |
| 2011 |
0.2 |
| 2012 |
0.2 |
| 2013 |
0.2 |
| 2014 |
0.2 |
Membership
Ratio of Actives to Beneficiaries, 2004-2014
| Fiscal Year |
Duluth Teachers Retirement Fund Association |
US State and Local Pensions |
| 2004 |
1.0 |
2.1 |
| 2005 |
1.0 |
2.1 |
| 2006 |
1.0 |
2.0 |
| 2007 |
0.9 |
2.0 |
| 2008 |
0.9 |
1.9 |
| 2009 |
0.8 |
1.9 |
| 2010 |
0.8 |
1.8 |
| 2011 |
0.7 |
1.7 |
| 2012 |
0.7 |
1.6 |
| 2013 |
0.6 |
1.5 |
| 2014 |
0.6 |
1.4 |
2014 Membership for Duluth Teachers Retirement Fund Association
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 837 |
1,502 |
253 |
2,592 |
590 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Duluth Teachers Retirement Fund Association
2004-2014
| Fiscal Year |
Cash Flow |
Assets |
| 2004 |
-12.0 |
258.8 |
| 2005 |
-13.0 |
267.4 |
| 2006 |
-13.8 |
282.0 |
| 2007 |
-14.8 |
319.0 |
| 2008 |
-16.2 |
271.6 |
| 2009 |
-17.3 |
179.9 |
| 2010 |
-17.7 |
192.4 |
| 2011 |
-18.5 |
213.4 |
| 2012 |
-19.2 |
194.6 |
| 2013 |
-19.8 |
205.3 |
| 2014 |
-14.7 |
226.1 |
2014 Cash Flows for Duluth Teachers Retirement Fund Association (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 12.8 |
27.5 |
35.5 |
20.8 |
Cash Flow as a Percentage of Assets
Duluth Teachers Retirement Fund Association
2004-2014
| Fiscal Year |
Duluth Teachers Retirement Fund Association |
National Average |
| 2004 |
-4.7 |
-2.0 |
| 2005 |
-4.9 |
-2.2 |
| 2006 |
-4.9 |
-2.2 |
| 2007 |
-4.6 |
-2.1 |
| 2008 |
-6.0 |
-2.3 |
| 2009 |
-9.6 |
-3.1 |
| 2010 |
-9.2 |
-3.2 |
| 2011 |
-8.7 |
-3.1 |
| 2012 |
-9.9 |
-3.3 |
| 2013 |
-9.7 |
-3.2 |
| 2014 |
-6.5 |
-2.9 |
