Minnesota Police and Fire — assets, returns and funding
Pensions: all tracked plans · Australian super in numbers · Private market performance · the PE statistics · what plans disclose · where they diverge
Minnesota Police and Fire (Minnesota) reported $13.1bn of assets for fiscal year 2025, a one-year investment return of 10.9%, and was 88.6% funded — around the ~80% mark the industry reads as sound.
| Total assets (FY 2025) | $13.1bn |
| 1-year return | 10.9% |
| 5-year return (annualised) | 10.6% |
| 10-year return (annualised) | 8.9% |
| Funded ratio (GASB) | 88.6% |
How the money is invested (asset allocation)
Minnesota Police and Fire held 53.0% of its assets in public equities and 24.0% in fixed income (bonds) for fiscal year 2025 — the largest of 4 sleeves it reports, with the rest below:
| Public equities | 53.0% |
| Fixed income (bonds) | 24.0% |
| Private equity | 23.0% |
| Hedge funds | 0.0% |
Compare Minnesota Police and Fire with similar plans
The plans most worth reading Minnesota Police and Fire against — similar in size, or invested in the same managers — side by side, each with its own page for the detail:
| Plan | Assets | 1-yr return | Funded ratio | Why comparable |
|---|---|---|---|---|
| Minnesota GERF | $32.6bn | 10.9% | 87.6% | Same state — Minnesota |
| Minnesota Teachers | $31.3bn | 10.9% | 81.6% | Same state — Minnesota |
| Minnesota State Employees | $19.5bn | 10.9% | 95.0% | Same state — Minnesota |
| St. Paul (MN) Teachers | $1.4bn | 10.8% | 69.7% | Same state — Minnesota |
| Minneapolis (MN) ERF | $936m | 18.6% | 82.0% | Same state — Minnesota |
| Duluth (MN) Teachers | $226m | 18.3% | 56.9% | Same state — Minnesota |
Questions this page answers
How much does Minnesota Police and Fire have in assets?
Minnesota Police and Fire reported $13.1bn in total assets for fiscal year 2025, as compiled by the Public Plans Database.
What return did Minnesota Police and Fire make on its investments?
Minnesota Police and Fire reported a 10.9% one-year investment return for fiscal year 2025, and 8.9% a year over the past ten years, per the Public Plans Database.
Is Minnesota Police and Fire fully funded?
Minnesota Police and Fire was 88.6% funded for fiscal year 2025 — above the ~80% mark many treat as reasonably sound. US public plans face no federal funding minimum, and actuaries add that the trend matters more than any single line (Public Plans Database).
How is Minnesota Police and Fire's money invested?
Minnesota Police and Fire held 53.0% of its assets in public equities and 24.0% in fixed income (bonds), its largest sleeves for fiscal year 2025 (Public Plans Database).
See also: all tracked plans · how the private-equity funds these plans invest in have actually performed, from the plans' own disclosures: private market performance, and where plans' numbers diverge on the same fund.