Achievement recognizes financial transparency, accuracy, and accountability
In August 2025, the Government Finance Officers Association of the United States and Canada (GFOA) honored the Teachers Retirement Association of Minnesota with a Certificate of Achievement for Excellence in Financial Reporting to recognize the quality of TRA’s Annual Comprehensive Financial Report (ACFR) for the 2024 fiscal year. The award is the highest form of recognition in the area of governmental accounting and financial reporting. Award judges affirmed that TRA’s ACFR demonstrated a constructive “spirit of full disclosure.”
Additionally, in September 2025 GFOA presented TRA with its Award for Outstanding Achievement in Popular Annual Financial Reporting for TRA’s Popular Annual Financial Report (PAFR) for fiscal year 2024.
Both reports were judged by an impartial panel to meet the high standards of the program and represent a significant achievement for TRA in regard to transparency, accuracy, and accountability.