The TFFR administers pension and other benefits for certificated employees of school districts, state agencies, colleges and universities, and other educational institutions in North Dakota. Assets are managed by the State Investment Board.
North Dakota Teachers Fund for Retirement Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| North Dakota Teachers |
3,173.9 |
23,391 |
| Other Plans |
0 |
0 |
| Total |
3,173.9 |
23,391 |
Source: Public Plans Database (as of 2023)
Note: North Dakota Teachers Fund for Retirement has 0 other plans.
Assets
Assets at Year-End
North Dakota Teachers Fund for Retirement
2001-2023
| Fiscal Year |
Net Assets (billions) |
| 2001 |
1.3 |
| 2002 |
1.2 |
| 2003 |
1.2 |
| 2004 |
1.4 |
| 2005 |
1.5 |
| 2006 |
1.7 |
| 2007 |
2.0 |
| 2008 |
1.8 |
| 2009 |
1.3 |
| 2010 |
1.4 |
| 2011 |
1.7 |
| 2012 |
1.7 |
| 2013 |
1.8 |
| 2014 |
2.1 |
| 2015 |
2.1 |
| 2016 |
2.1 |
| 2017 |
2.4 |
| 2018 |
2.5 |
| 2019 |
2.6 |
| 2020 |
2.7 |
| 2021 |
3.3 |
| 2022 |
3.0 |
| 2023 |
3.2 |
Membership
Ratio of Actives to Beneficiaries, 2001-2023
| Fiscal Year |
North Dakota Teachers Fund for Retirement |
US State and Local Pensions |
| 2001 |
2.1 |
2.4 |
| 2002 |
2.0 |
2.3 |
| 2003 |
1.9 |
2.2 |
| 2004 |
1.8 |
2.1 |
| 2005 |
1.8 |
2.1 |
| 2006 |
1.6 |
2.0 |
| 2007 |
1.6 |
2.0 |
| 2008 |
1.5 |
1.9 |
| 2009 |
1.5 |
1.9 |
| 2010 |
1.5 |
1.8 |
| 2011 |
1.4 |
1.7 |
| 2012 |
1.4 |
1.6 |
| 2013 |
1.4 |
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 |
1.3 |
1.3 |
| 2020 |
1.3 |
1.3 |
| 2021 |
1.3 |
1.2 |
| 2022 |
1.3 |
1.2 |
| 2023 |
1.2 |
1.2 |
2023 Membership for North Dakota Teachers Fund for Retirement
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 11,766 |
9,615 |
2,010 |
23,391 |
219 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
North Dakota Teachers Fund for Retirement
2001-2023
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-7.4 |
1,290.7 |
| 2002 |
-14.9 |
1,165.4 |
| 2003 |
-14.6 |
1,175.2 |
| 2004 |
-20.8 |
1,374.7 |
| 2005 |
-25.2 |
1,530.2 |
| 2006 |
-30.4 |
1,720.3 |
| 2007 |
-38.3 |
2,029.8 |
| 2008 |
-43.0 |
1,846.1 |
| 2009 |
-43.7 |
1,309.7 |
| 2010 |
-50.8 |
1,437.9 |
| 2011 |
-46.7 |
1,726.2 |
| 2012 |
-50.5 |
1,654.1 |
| 2013 |
-34.8 |
1,839.6 |
| 2014 |
-42.9 |
2,091.0 |
| 2015 |
-21.7 |
2,141.9 |
| 2016 |
-25.8 |
2,124.3 |
| 2017 |
-30.5 |
2,360.5 |
| 2018 |
-41.2 |
2,530.7 |
| 2019 |
-49.5 |
2,616.2 |
| 2020 |
-51.8 |
2,650.5 |
| 2021 |
-52.3 |
3,282.4 |
| 2022 |
-59.6 |
3,023.9 |
| 2023 |
-67.5 |
3,173.9 |
2023 Cash Flows for North Dakota Teachers Fund for Retirement (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 197.7 |
265.2 |
217.5 |
150.0 |
Cash Flow as a Percentage of Assets
North Dakota Teachers Fund for Retirement
2001-2023
| Fiscal Year |
North Dakota Teachers Fund for Retirement |
National Average |
| 2001 |
-0.6 |
-2.1 |
| 2002 |
-1.3 |
-2.0 |
| 2003 |
-1.2 |
-2.5 |
| 2004 |
-1.5 |
-2.0 |
| 2005 |
-1.6 |
-2.2 |
| 2006 |
-1.8 |
-2.2 |
| 2007 |
-1.9 |
-2.1 |
| 2008 |
-2.3 |
-2.3 |
| 2009 |
-3.3 |
-3.1 |
| 2010 |
-3.5 |
-3.2 |
| 2011 |
-2.7 |
-3.1 |
| 2012 |
-3.1 |
-3.3 |
| 2013 |
-1.9 |
-3.1 |
| 2014 |
-2.0 |
-2.9 |
| 2015 |
-1.0 |
-2.8 |
| 2016 |
-1.2 |
-3.0 |
| 2017 |
-1.3 |
-2.9 |
| 2018 |
-1.6 |
-2.6 |
| 2019 |
-1.9 |
-2.6 |
| 2020 |
-2.0 |
-2.4 |
| 2021 |
-1.6 |
-2.1 |
| 2022 |
-2.0 |
-2.1 |
| 2023 |
-2.1 |
-2.1 |
