TRA of Minnesota administers retirement and other benefits for most of the state's public school teachers, administrators, and state college faculty. Teachers employed in Minnesota’s public elementary and secondary schools, charter schools, and certain educational institutions maintained by the state (except those teachers employed by the city of St. Paul and by the University of Minnesota system) are required to be TRA members. State university, community college, and technical college teachers first employed by the Minnesota State College and Universities (MnSCU) may elect TRA coverage within 90 days of first employment. Alternatively, these teachers may elect coverage through the Defined Contribution Retirement Plan (DCR) administered by MnSCU. TRA assets are managed by the State Board of Investment.
Minnesota Teachers Retirement Association Basics, by Plan
Source: Public Plans Database (as of 2014)
Note: Minnesota Teachers Retirement Association has -1 other plans.
Assets
Assets at Year-End
Minnesota Teachers Retirement Association
2001-2023
| Fiscal Year |
Net Assets (billions) |
| 2001 |
16.2 |
| 2002 |
14.2 |
| 2003 |
13.8 |
| 2004 |
15.4 |
| 2005 |
16.2 |
| 2006 |
18.0 |
| 2007 |
20.3 |
| 2008 |
18.4 |
| 2009 |
14.0 |
| 2010 |
15.1 |
| 2011 |
17.5 |
| 2012 |
16.9 |
| 2013 |
18.2 |
| 2014 |
20.5 |
| 2015 |
20.2 |
| 2016 |
19.4 |
| 2017 |
21.3 |
| 2018 |
22.4 |
| 2019 |
22.9 |
| 2020 |
22.7 |
| 2021 |
28.4 |
| 2022 |
25.6 |
| 2023 |
26.8 |
Membership
Ratio of Actives to Beneficiaries, 2001-2023
| Fiscal Year |
Minnesota Teachers Retirement Association |
US State and Local Pensions |
| 2001 |
2.1 |
2.4 |
| 2002 |
2.0 |
2.3 |
| 2003 |
2.0 |
2.2 |
| 2004 |
1.9 |
2.1 |
| 2005 |
1.9 |
2.1 |
| 2006 |
1.8 |
2.0 |
| 2007 |
1.7 |
2.0 |
| 2008 |
1.6 |
1.9 |
| 2009 |
1.5 |
1.9 |
| 2010 |
1.5 |
1.8 |
| 2011 |
1.4 |
1.7 |
| 2012 |
1.4 |
1.6 |
| 2013 |
1.3 |
1.5 |
| 2014 |
1.3 |
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 |
1.2 |
1.2 |
| 2022 |
1.2 |
1.2 |
| 2023 |
1.2 |
1.2 |
2023 Membership for Minnesota Teachers Retirement Association
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 84,983 |
70,344 |
19,418 |
174,745 |
590 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Minnesota Teachers Retirement Association
2001-2023
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-614.0 |
16,169.0 |
| 2002 |
-681.6 |
14,232.1 |
| 2003 |
-703.4 |
13,832.9 |
| 2004 |
-726.5 |
15,354.6 |
| 2005 |
-759.1 |
16,196.0 |
| 2006 |
-904.4 |
18,046.5 |
| 2007 |
-901.3 |
20,257.9 |
| 2008 |
-926.0 |
18,378.6 |
| 2009 |
-976.3 |
14,013.8 |
| 2010 |
-1,003.2 |
15,131.9 |
| 2011 |
-1,048.9 |
17,516.9 |
| 2012 |
-1,020.1 |
16,884.5 |
| 2013 |
-1,004.4 |
18,224.6 |
| 2014 |
-1,001.9 |
20,519.8 |
| 2015 |
-961.9 |
20,214.1 |
| 2016 |
-1,001.6 |
19,424.4 |
| 2017 |
-1,024.0 |
21,258.1 |
| 2018 |
-1,058.7 |
22,362.1 |
| 2019 |
-1,067.4 |
22,876.1 |
| 2020 |
-1,072.4 |
22,745.0 |
| 2021 |
-1,069.1 |
28,361.8 |
| 2022 |
-1,056.0 |
25,596.3 |
| 2023 |
-1,057.3 |
26,754.5 |
2023 Cash Flows for Minnesota Teachers Retirement Association (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 987.2 |
2,044.5 |
2,215.5 |
1,158.2 |
Cash Flow as a Percentage of Assets
Minnesota Teachers Retirement Association
2001-2023
| Fiscal Year |
Minnesota Teachers Retirement Association |
National Average |
| 2001 |
-3.8 |
-2.1 |
| 2002 |
-4.8 |
-2.0 |
| 2003 |
-5.1 |
-2.5 |
| 2004 |
-4.7 |
-2.0 |
| 2005 |
-4.7 |
-2.2 |
| 2006 |
-5.0 |
-2.2 |
| 2007 |
-4.4 |
-2.1 |
| 2008 |
-5.0 |
-2.3 |
| 2009 |
-7.0 |
-3.1 |
| 2010 |
-6.6 |
-3.2 |
| 2011 |
-6.0 |
-3.1 |
| 2012 |
-6.0 |
-3.3 |
| 2013 |
-5.5 |
-3.1 |
| 2014 |
-4.9 |
-2.9 |
| 2015 |
-4.8 |
-2.8 |
| 2016 |
-5.2 |
-3.0 |
| 2017 |
-4.8 |
-2.9 |
| 2018 |
-4.7 |
-2.6 |
| 2019 |
-4.7 |
-2.6 |
| 2020 |
-4.7 |
-2.4 |
| 2021 |
-3.8 |
-2.1 |
| 2022 |
-4.1 |
-2.1 |
| 2023 |
-4.0 |
-2.1 |
