Minnesota Public Employees Retirement Association (PERA) vs 3M Company Pension Plan
Side-by-side pension health comparison from DOL and public plan data
Minnesota Public Employees Retirement Association (PERA) and 3M Company Pension Plan are meaningfully apart on the LakeQuality pension-health rubric: Minnesota Public Employees Retirement Association (PERA) grades B while 3M Company Pension Plan grades A. Funding ratios: 79% vs 100%.
3M Company Pension Plan comes out ahead on the composite rubric. For a participant in either plan, the spread is informative but not directly actionable — pension participation is not portable, so the relevant question is what each plan's funded-status trajectory means for that participant's benefit security.
Verdict
3M Company Pension Plan has a stronger Pension Health Score of 100/100 (A) compared to Minnesota Public Employees Retirement Association (PERA) at 71/100 (B). Funding ratios differ by 20.9 percentage points (100.0% vs 79.1%). 3M Company Pension Plan covers 56,773 participants.
| Metric | Minnesota Public Employees Retirement Association (PERA) | 3M Company Pension Plan |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 71/100 (B) | 100/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 79.1% | 100.0%* |
| Total Assets | $35.0B | $12.4B |
| Total Liabilities | $44.2B | $12.4B* |
| Unfunded Liability | $9.2B | $559.8K* |
| Participants | 378,000 | 56,773 |
| 1-Year Investment Return | 5.9% | 7.1%* |
| Plan Type | public | corporate |
| PBGC Risk Level | moderate | low |
| Sponsor | State of Minnesota | 3M Company |
3M Company Pension Plan has a stronger Pension Health Score of 100/100 (A) compared to Minnesota Public Employees Retirement Association (PERA) at 71/100 (B). Funding ratios differ by 20.9 percentage points (100.0% vs 79.1%). 3M Company Pension Plan covers 56,773 participants.
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