Pension Plans in Minnesota, Ranked by Health Score
Minnesota has 4 pension plans covering 741,773 participants. The average funding ratio is 81.4%, ranking #15 among all states. 3 plans are underfunded.
Minnesota has 4 pension plans in our dataset, ranked below by the LakeQuality pension-health composite. The score combines current funding ratio (50%), multi-year funding trend (30%), and PBGC risk classification (20%) into a 0-100 grade.
Top-of-list plans usually combine funded ratios at or above 90% with stable multi-year trajectories and low PBGC risk. Public-sector teacher and employee retirement systems dominate the top rankings in many states because their large asset bases support institutional investment management. Each plan below links to its full profile — multi-year funding history, participant demographics, sponsor financials where available, and the underlying factors driving the composite grade.
4
Total Plans
741,773
Participants
81.4%
Avg Funding
$89.9B
Total Assets
| # | Plan Name | Participants | Funding Ratio | Grade |
|---|---|---|---|---|
| 1 | Minnesota Public Employees Retirement Association (PERA) | 378,000 | 79.1% | B |
| 2 | Minnesota Teachers Retirement Association (TRA) | 195,000 | 79.8% | B |
| 3 | Minnesota State Retirement System (MSRS) | 112,000 | 77.3% | B |
| 4 | 3M Company Pension Plan | 56,773 | 100.0% | A |
Frequently Asked Questions
Minnesota has 4 pension plans covering 741,773 participants, with combined assets of $89.9B against $110.5B in liabilities.
The average funding ratio across Minnesota pension plans is 81.4%. 3 of 4 plans (75%) are considered underfunded.
Minnesota Public Employees Retirement Association (PERA) is the top-rated plan in Minnesota with a funding ratio of 79.1% and a Pension Health Grade of B.
Plans ranked by Pension Health Score: 50% funding ratio, 30% 3-year funding trend, 20% PBGC risk level.