Minnesota State Retirement System Basics, by Plan
| Plan | Assets (millions) | Total Members |
|---|---|---|
| Minnesota State Employees | 16,645.0 | 118,861 |
| Other Plans | 2,807.7 | 26,217 |
| Total | 19,452.7 | 145,078 |
Source: Public Plans Database (as of 2023)
Note: Minnesota State Retirement System has 5 other plans.
Assets
Assets at Year-End
Minnesota State Retirement System
2002-2023
| Fiscal Year | Net Assets (billions) |
|---|---|
| 2002 | 7.2 |
| 2003 | 7.1 |
| 2004 | 8.1 |
| 2005 | 8.6 |
| 2006 | 9.5 |
| 2007 | 11.0 |
| 2008 | 10.1 |
| 2009 | 7.9 |
| 2010 | 8.9 |
| 2011 | 10.6 |
| 2012 | 10.5 |
| 2013 | 11.5 |
| 2014 | 13.2 |
| 2015 | 13.4 |
| 2016 | 12.9 |
| 2017 | 14.4 |
| 2018 | 15.3 |
| 2019 | 15.9 |
| 2020 | 16.1 |
| 2021 | 20.3 |
| 2022 | 18.4 |
| 2023 | 19.5 |
Membership
Ratio of Actives to Beneficiaries, 2002-2023
| Fiscal Year | Minnesota State Retirement System | US State and Local Pensions |
|---|---|---|
| 2002 | 2.3 | 2.3 |
| 2003 | 0.9 | 2.2 |
| 2004 | 2.0 | 2.1 |
| 2005 | 2.0 | 2.1 |
| 2006 | 2.0 | 2.0 |
| 2007 | 1.9 | 2.0 |
| 2008 | 1.8 | 1.9 |
| 2009 | 1.8 | 1.9 |
| 2010 | 1.7 | 1.8 |
| 2011 | 1.6 | 1.7 |
| 2012 | 1.5 | 1.6 |
| 2013 | 1.5 | 1.5 |
| 2014 | 1.4 | 1.4 |
| 2015 | 1.3 | 1.4 |
| 2016 | 1.3 | 1.4 |
| 2017 | 1.3 | 1.4 |
| 2018 | 1.2 | 1.3 |
| 2019 | 1.2 | 1.3 |
| 2020 | 1.2 | 1.3 |
| 2021 | 1.1 | 1.2 |
| 2022 | 1.1 | 1.2 |
| 2023 | 1.1 | 1.2 |
Membership for Minnesota State Retirement System
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Cash Flows
2023 Cash Flows for Minnesota State Retirement System (millions)
| Inflows | Outflows | Investment Gains (losses) | Change in Net Assets |
|---|---|---|---|
| 613.5 | 1,232.9 | 1,630.8 | 1,011.4 |
Cash Flow as a Percentage of Assets
Minnesota State Retirement System
2002-2023
| Fiscal Year | Minnesota State Retirement System | National Average |
|---|---|---|
| 2002 | -2.5 | -2.0 |
| 2003 | -2.7 | -2.5 |
| 2004 | -2.8 | -2.0 |
| 2005 | -2.8 | -2.2 |
| 2006 | -2.7 | -2.2 |
| 2007 | -2.5 | -2.1 |
| 2008 | -2.8 | -2.3 |
| 2009 | -3.6 | -3.1 |
| 2010 | -3.4 | -3.2 |
| 2011 | -3.1 | -3.1 |
| 2012 | -3.7 | -3.3 |
| 2013 | -3.6 | -3.1 |
| 2014 | -3.3 | -2.9 |
| 2015 | -3.3 | -2.8 |
| 2016 | -3.7 | -3.0 |
| 2017 | -3.5 | -2.9 |
| 2018 | -3.5 | -2.6 |
| 2019 | -3.4 | -2.6 |
| 2020 | -3.4 | -2.4 |
| 2021 | -2.9 | -2.1 |
| 2022 | -3.3 | -2.1 |
| 2023 | -3.2 | -2.2 |