Plan

St. Paul Teachers' Retirement Fund Association

State

Minnesota

Funded Ratio

102.7%

Assets

$1.22B

Members

10,377

Health Grade: B — Adequately funded — meeting most funding benchmarks

FY2023 data Grade B Public Plans Database

St. Paul Teachers' Retirement Fund Association

Funded ratio, unfunded liability, member counts, ARC coverage, and 23-year financial history for St. Paul Teachers' Retirement Fund Association — sourced from the Public Plans Database (Boston College CRR) and cross-checked against actuarial valuations.

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By Kiznis Studio Editorial · June 2026 · Minnesota · Teachers Plan · Data through FY2023

Financial Health Grade

Adequately funded — meeting most funding benchmarks

Funded Ratio

102.7%

actuarial assets / liabilities

Unfunded Liability

$-32M

actuarial shortfall

Total Members

10,377

active + retired + vested

1-Year Return

12.7%

net investment return

4.4pp vs 5-yr avg

5-Year Avg Return

8.3%

annualized, net of fees

ARC Payment

20.8%

of actuarially required contribution

How St. Paul Teachers' Retirement Fund Association Funded Ratio Compares

Plan Funded Ratio 100.0%

National avg

A ratio of 102.7% compared against the national public-pension average of 73.5%.

Healthy Threshold

Plans above 80% are generally considered adequately funded by NASRA standards.

Participant Composition

The active-to-retiree ratio is a leading indicator of long-term plan sustainability — plans with more retirees than active contributors face mounting cash-flow pressure as benefit payments outpace incoming contributions.

Investment Policy Mix

Public pension plans report their asset allocation in Form 5500 Schedule H Part I disclosures. Equity-heavy mixes capture market upside but introduce volatility; fixed-income tilts protect funded status during downturns at the cost of long-run return.

Historical Funded Ratio

Year	Funded Ratio	Assets	Unfunded	Members
2024	102.7%	N/A	N/A	N/A
2023	98.5%	$1.22B	$18M	10,377
2022	101.5%	$1.15B	$-18M	10,295
2021	99.5%	$1.30B	$6M	9,986
2020	93.3%	$1.04B	$74M	10,038
2019	98.6%	$1.08B	$15M	9,960
2018	97.7%	$1.07B	$25M	9,522
2017	94.5%	$1.03B	$60M	9,435
2016	93.2%	$960M	$70M	9,277
2015	93.6%	$1.01B	$69M	9,281
2014	88.6%	$1.05B	$134M	9,317
2013	81.6%	$933M	$210M	9,253
2012	80.2%	$882M	$218M	9,005
2011	80.7%	$950M	$227M	8,670
2010	66.0%	$815M	$420M	8,744
2009	66.8%	$773M	$384M	8,696
2008	73.0%	$1.02B	$379M	8,667
2007	72.6%	$1.16B	$436M	8,416
2006	71.4%	$1.01B	$403M	8,273
2005	72.0%	$935M	$363M	8,222

What the Data Says About St. Paul Teachers' Retirement Fund Association

St. Paul Teachers' Retirement Fund Association reports a funded ratio of 102.7% as of fiscal year 2023, earning a financial health grade of B in the Public Plans Database. The plan holds $1.22B in market assets against an unfunded liability of $-32M. As a Teachers plan operating under Minnesota sponsorship, it covers 10,377 members (3,360 active contributors, 4,406 retirees drawing benefits). These figures aggregate from Form 5500 filings submitted to the Department of Labor and actuarial valuations reported through NASRA.

A funded ratio above 80% signals that St. Paul Teachers' Retirement Fund Association has substantial assets to meet projected obligations, placing it above the national public-pension average of roughly 72–75%. Employer contributions covered 20.8% of the Annual Required Contribution in the most recent reporting cycle, while the plan posted a 5-year average investment return of 8.3%. The relationship between contribution adequacy and investment performance determines whether the unfunded liability narrows or expands year over year.

For Minnesota taxpayers and plan members, the $-32M unfunded gap represents the actuarial shortfall that must eventually be closed through a combination of contributions, investment returns, or benefit modifications. Unlike private-sector pensions governed by ERISA and backstopped by the PBGC, public plans like St. Paul Teachers' Retirement Fund Association rely on the full faith and credit of Minnesota — meaning funding shortfalls flow through to state and local budgets rather than a federal insurance program. This information summarizes official Public Plans Database disclosures and is provided for research and educational purposes only. It is not financial, legal, or retirement-planning advice; active and retired members with specific benefit questions should consult their plan administrator directly.

Membership

3,360

Active Members

4,406

Retirees

10,377

Total Members

Plan Details

Plan Type: Teachers
State: Minnesota
Market Assets: $1.22B
ARC Payment: 20.8%

Source: Public Plans Database (PPD)
Boston College CRR / NASRA

Other Minnesota Plans

All Minnesota plans →

Related Resources

Pension Guides

Frequently Asked Questions

Is St. Paul Teachers' Retirement Fund Association fully funded?

St. Paul Teachers' Retirement Fund Association has a funded ratio of 102.7% as of FY2023, earning a health grade of B. A funded ratio of 100% means the plan has enough assets to cover all projected liabilities. Ratios above 80% are generally considered adequately funded; ratios below 60% indicate significant underfunding and risk to future benefits.

What happens if St. Paul Teachers' Retirement Fund Association runs out of money?

Public pension plans like St. Paul Teachers' Retirement Fund Association are backed by the sponsoring government entity — in this case Minnesota. If a plan's assets are insufficient, the state or local government is typically required to make up the difference through increased contributions, benefit adjustments, or tax measures. Unlike private pensions, public pensions are not insured by the PBGC, but they do carry the full faith and credit of the sponsoring government.

What does a funded ratio of 102.7% mean?

A funded ratio of 102.7% means that St. Paul Teachers' Retirement Fund Association currently has assets equal to 102.7% of its projected benefit obligations. The unfunded liability — the gap between assets and liabilities — stands at $-32M. This is considered adequately funded.

How does St. Paul Teachers' Retirement Fund Association compare to other public pensions?

St. Paul Teachers' Retirement Fund Association is a Teachers plan in Minnesota serving 10,377 members. Nationally, the average funded ratio for public pension plans tracked by the Public Plans Database is approximately 72–75%. St. Paul Teachers' Retirement Fund Association's funded ratio of 102.7% places it above the national average, reflecting strong fiscal management.

How many members does St. Paul Teachers' Retirement Fund Association have?

St. Paul Teachers' Retirement Fund Association covers 10,377 total members, including 3,360 active employees and 4,406 retirees currently receiving benefits. The ratio of active members to retirees is a key indicator of plan sustainability — when the number of retirees grows relative to active contributors, funding pressure increases.

What is the ARC payment percentage for St. Paul Teachers' Retirement Fund Association?

St. Paul Teachers' Retirement Fund Association pays 20.8% of its Annual Required Contribution (ARC). Consistently underpaying the ARC accelerates the growth of unfunded liabilities and places future benefits at greater risk. Employer contribution patterns are tracked annually in the Public Plans Database.

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Data sourced from official Public Plans Database and actuarial valuations from federal and state pension systems. See our methodology for details. Retrieved and formatted by Kiznis Studio Editorial

Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Public Plans Database (PPD). Consult a qualified professional before making decisions based on this data.

Read our methodology — how this data is sourced, computed, and verified.

All federal data sources used on this page

U.S. Census Bureau ACS — demographic + housing + income data. census.gov/programs-surveys/acs
BLS Occupational Employment and Wage Statistics (OEWS) — wage + employment by occupation. bls.gov/oes
BEA Regional Economic Accounts — GDP + personal income by state/metro. bea.gov/data/regional
U.S. Census Bureau County Business Patterns — establishment + employment by industry. census.gov/cbp
IRS Statistics of Income (SOI) — tax-return aggregate data. irs.gov/statistics
data.gov — U.S. federal open-data portal — discovery layer for additional federal sources. data.gov