2025 Financial Reports Now Available

We are pleased to announce that PERA's 2025 Annual Comprehensive Financial Report (ACFR) and Popular Annual Financial Report (PAFR) are now available on our Annual Reports page at mnpera.org.

The ACFR provides financial, investment, actuarial, statistical, and other related information about PERA and the pension plans it administers. 

The PAFR provides a summary of the ACFR, highlighting the financial statements, membership information, contribution rates, and investment performance.

The financial condition of PERA improved during fiscal year 2025. PERA’s fiduciary net position increased over $3.7 billion, or 8.5%, from $43.6 billion as of June 30, 2024 to $47.3 billion as of June 30, 2025. The increase was due to a strong investment rate of return of 10.9% in fiscal year 2025.