As of July 1, 2020, the PERA General Employees Retirement Plan (the “Plan”) had a funding ratio of 79.1%. Collectively, the statewide funds in Minnesota including those administered by PERA, MSRS, and TRA have a funding ratio of 80.6%. The national average for pension plans is about 73.8%.
ED MN Retired TRA Column December 25, 2020 Martha Lee (Marti) Zins, chair TRA
Take a look at the newest Pension information showing amounts paid out by Legislative District.
By Marti Zins TRA Representative on Retired Governing Board
Frequently people ask why it is important to maintain a pension plan for teachers and why worry if it is a defined benefit (DB) plan or a defined contribution (DC) plan. Let’s take the issue apart for understanding.
