Non-Retirement Program

The SBI manages the Non-Retirement Investment Program for designated trust funds, Other Postemployment Benefits (OPEB) trusts, Qualifying Governmental Entities and other programs created by the Minnesota Constitution and Legislature.  The Non-Retirement Funds were established to provide eligible Minnesota public sector entities with the opportunity to invest in broad asset class options to aid them in achieving their investment objectives. 

These trust funds and accounts have different accounting requirements and spending targets derived from constitutional and statutory provisions. Statute will also identify whether the SBI or the sponsoring entity is responsible for determining the asset allocation targets for the respective fund or account.  To the extent possible, the SBI pools these assets for operating efficiencies and to reduce costs.