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State of Minnesota

Minnesota State Retirement System

Public Employees Retirement Association

Teachers Retirement Association


Minnesota Non-Retirement Fund

The Minnesota State Board of Investment (SBI) established the various Non-Retirement Funds to provide certain Minnesota public sector entities the opportunity to invest in one or more of, a U.S. equity fund, a U.S. bond fund or a money market fund to facilitate the achievement of its investment objectives.  The funds are available to those non-retirement entities that are authorized to invest in these asset classes with the SBI. 

The SBI has published fund prospectuses for our non-retirement investors.  Given the broad array of organizations who are authorized to invest in these funds, each prospectus is tailored to a specific group based on their statutory authorization and specific operational procedures which govern their use.

Please ensure that you refer to the appropriate prospectus for your organization.  In some cases, your organization may have more than one type of non-retirement account with the State Board of Investment.


The three fund prospectuses can be found by clicking on the fund names below: