How many public pension plans does Minnesota have?

Minnesota has 4 public pension plans tracked by the Public Plans Database, covering 801,808 total members (#12 of 51 by membership book). Types on this roster include teachers, police and fire, municipal, and general state systems where present.

Is Minnesota's pension system in crisis?

Minnesota's public pension plans have an average funded ratio of 75.9% and a total unfunded liability of $38.50B. An average funded ratio in the 60-80% range indicates moderate underfunding that requires attention but is not yet at crisis levels. Data is sourced from the Boston College Center for Retirement Research.

What is the average funded ratio in Minnesota?

The average funded ratio across all 4 public pension plans in Minnesota is 75.9% (#25 of 51 among states), based on the most recent Public Plans Database data. A funded ratio of 100% means a plan has sufficient assets to meet all projected obligations. The national average for public pensions is approximately 75.5%. Individual plan ratios in Minnesota vary; browse the table above to compare specific plans.

Public Plans Database

Minnesota Public Pension Plans

Name: Minnesota Public Pension Plans
Creator: Boston College Center for Retirement Research
License: https://www.usa.gov/government-copyright

4 plans · top-third membership book (#12 of 51)

Larger membership book. Minnesota ranks #12 of 51 by tracked members (801,808), top-third membership book among states.

Avg funded ratio: 75.9%
Total unfunded: $38.50B
Total members: 801,808
Plans tracked: 4

According to the Public Plans Database, compiled by the Boston College Center for Retirement Research, Minnesota’s 4 tracked plans carry a combined unfunded liability of $38.50B at an average funded ratio of 75.9%. Plan cards report FY2023 valuations; this site’s database copy was last loaded in July 2026. See our methodology for the full source and update cadence.

PPD actuarial excerpt

State roster MN Minnesota

Minnesota: avg 75.9% funded (0.4 points above the national average) · 0 D/F grades · unfunded $38.50B

AVG 75.9%
UNF $38.50B
MEM 801,808
N 4
DF 0
VS +0.4pt
BEST 98.5%
LOW 58.7%

Funded-ratio peers

Nearest funded-ratio peer: Illinois (75.7%)

Average funded ratio neighbourhood vs Minnesota (FY2023 plan cards)

1 of 4 published-ratio plans sit under 60% actuarial assets; 0 of 4 carry a D or F health grade. How this roster is sourced →

Minnesota grade mix on a larger membership book

Health grades across 4 plans (801,808 members, #12 of 51) use the same FY2023 plan-card snapshot as the hero KPIs and the table below.

Health-grade counts from the same state plan rows as the roster table

Source: Public Plans Database (Boston College CRR / NASRA) As of FY2023 plan cards; history through FY2024

Average actuarial funded ratio across 4 Minnesota plans (FY2023 plan cards)

Plan types in Minnesota

Aggregates from the same FY2023 plan-card rows as the roster below. Averages include only plans that report a funded ratio.

Type	Plans	Avg funded	Members	Assets	Unfunded
Teachers	2	86.8%	185,122	$27.97B	$8.85B
General State	2	65.0%	616,686	$59.06B	$29.65B

Every tracked plan in Minnesota

FY2023 plan-card snapshot from the Public Plans Database. ARC is the actuarially required contribution as a share of payroll where reported.

Plan	Type	Funded	Grade	Assets	Unfunded	Members	ARC	1yr return
St. Paul Teachers' Retirement Fund Association	Teachers	98.5%	B	$1.22B	$18M	10,377	148.6%	10.9%
Minnesota Teachers Retirement Association	Teachers	75.2%	C	$26.75B	$8.83B	174,745	118.6%	11.6%
Minnesota Public Employees Retirement Association	General State	71.3%	C	$39.61B	$15.94B	471,608	161.9%	6.0%
Minnesota State Retirement System	General State	58.7%	C	$19.45B	$13.71B	145,078	267.3%	6.0%

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

Compare inside Minnesota’s larger membership roster

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 PlainPension · Minnesota roster FY2023

Compiled by PlainPension, Pension Fund Health Editorial Process · July 23, 2026