US public pension profile
Arlington County Employees’ Retirement System
Funding, investment choices and long-term returns.
Virginia ·Fiscal year 2025
Fiscal year 2025 at a glance
- Market value of assets
- USD 3.6 billion
- Total membership
- 8,930
- Funded ratio
- 114.53%
- Assumed investment return
- 6.75%
Asset allocation in 2025
Returns to 2025
| One year | 10.42% |
|---|---|
| Five years | 9.01% |
| Ten years | 7.85% |
Size and funding over time
| Fiscal year | Market value of assets | Membership | Funded ratio | Return assumption |
|---|---|---|---|---|
| 2001 | USD 1.1 billion | 6,992 | 135.70% | 8.00% |
| 2002 | USD 1.0 billion | 7,023 | 120.50% | 8.00% |
| 2003 | USD 1.0 billion | 6,969 | 117.50% | 8.00% |
| 2004 | USD 1.1 billion | 7,368 | 106.90% | 8.00% |
| 2005 | USD 1.2 billion | 7,364 | 102.80% | 8.00% |
| 2006 | USD 1.3 billion | 7,353 | 100.40% | 8.00% |
| 2007 | USD 1.5 billion | 7,359 | 104.40% | 8.00% |
| 2008 | USD 1.2 billion | 7,340 | 105.00% | 8.00% |
| 2009 | USD 1.1 billion | 7,361 | 93.30% | 8.00% |
| 2010 | USD 1.3 billion | 7,481 | 95.20% | 7.50% |
| 2011 | USD 1.5 billion | 7,518 | 95.40% | 7.50% |
| 2012 | USD 1.5 billion | 7,613 | 91.10% | 7.50% |
| 2013 | USD 1.7 billion | 7,633 | 89.90% | 7.50% |
| 2014 | USD 2.0 billion | 7,828 | 94.38% | 7.50% |
| 2015 | USD 2.0 billion | 7,910 | 98.98% | 7.50% |
| 2016 | USD 2.0 billion | 8,034 | 99.56% | 6.75% |
| 2017 | USD 2.2 billion | 8,164 | 102.73% | 7.25% |
| 2018 | USD 2.3 billion | 8,247 | 104.37% | 6.75% |
| 2019 | USD 2.4 billion | 8,299 | 99.85% | 6.75% |
| 2020 | USD 2.5 billion | 8,387 | 101.21% | 6.75% |
| 2021 | USD 3.2 billion | 8,440 | 108.40% | 6.75% |
| 2022 | USD 2.8 billion | 8,687 | 108.46% | 6.75% |
| 2023 | USD 3.0 billion | 8,715 | 108.97% | 6.75% |
| 2024 | USD 3.3 billion | 8,805 | 111.00% | 6.75% |
| 2025 | USD 3.6 billion | 8,930 | 114.53% | 6.75% |
Asset allocation over time
| Fiscal year | Public equity | Fixed income | Private equity | Real estate | Hedge funds | Cash |
|---|---|---|---|---|---|---|
| 2001 | 59.66% | 30.43% | 0.00% | 6.11% | 0.00% | 3.80% |
| 2002 | 62.20% | 27.20% | 1.20% | 5.90% | 0.00% | 3.50% |
| 2003 | 63.00% | 30.00% | 2.00% | 4.00% | 0.00% | 1.00% |
| 2004 | 58.00% | 32.00% | 2.00% | 1.00% | 0.00% | 2.00% |
| 2005 | 58.30% | 27.80% | 3.60% | 1.50% | 0.00% | 4.50% |
| 2006 | 60.20% | 33.60% | 4.20% | 2.00% | 0.00% | 0.00% |
| 2007 | 54.10% | 39.70% | 4.60% | 1.60% | 0.00% | 0.00% |
| 2008 | 53.70% | 39.90% | 4.40% | 2.00% | 0.00% | 0.00% |
| 2009 | 43.20% | 50.20% | 4.90% | 1.70% | 0.00% | 0.00% |
| 2010 | 44.60% | 50.50% | 3.30% | 1.60% | 0.00% | 0.00% |
| 2011 | 64.06% | 31.63% | 2.90% | 1.40% | 0.00% | 0.00% |
| 2012 | 61.82% | 33.87% | 3.01% | 1.30% | 0.00% | 0.00% |
| 2013 | 68.23% | 28.07% | 2.60% | 1.10% | 0.00% | 0.00% |
| 2014 | 70.10% | 26.80% | 2.30% | 0.80% | 0.00% | 0.00% |
| 2015 | 68.40% | 28.40% | 2.50% | 0.70% | 0.00% | 0.00% |
| 2016 | 65.20% | 31.50% | 2.70% | 0.60% | 0.00% | 0.00% |
| 2017 | 62.90% | 33.80% | 2.90% | 0.40% | 0.00% | 0.00% |
| 2018 | 63.50% | 32.80% | 3.50% | 0.20% | 0.00% | 0.00% |
| 2019 | 59.00% | 36.80% | 4.20% | 0.00% | 0.00% | 0.00% |
| 2020 | 58.40% | 36.60% | 4.80% | 0.20% | 0.00% | 0.00% |
| 2021 | 64.50% | 29.90% | 5.20% | 0.40% | 0.00% | 0.00% |
| 2022 | 58.40% | 33.70% | 7.20% | 0.70% | 0.00% | 0.00% |
| 2023 | 55.30% | 34.80% | 9.10% | 0.80% | 0.00% | 0.00% |
| 2024 | 55.60% | 32.50% | 9.80% | 2.10% | 0.00% | 0.00% |
| 2025 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
Investment returns
Each year shows the return over the preceding one, five and ten years.
| Fiscal year | One year | Five years | Ten years |
|---|---|---|---|
| 2001 | -0.60% | 9.50% | Not reported |
| 2002 | -3.70% | 5.60% | Not reported |
| 2003 | 4.80% | 3.40% | Not reported |
| 2004 | 16.70% | 4.60% | Not reported |
| 2005 | 9.10% | 2.70% | Not reported |
| 2006 | 11.70% | 7.50% | Not reported |
| 2007 | 17.00% | 11.80% | Not reported |
| 2008 | 9.40% | 5.10% | Not reported |
| 2009 | -15.70% | 2.80% | Not reported |
| 2010 | 13.00% | 3.50% | 5.69% |
| 2011 | 23.10% | 5.50% | 7.98% |
| 2012 | 0.60% | 2.40% | 8.45% |
| 2013 | 13.90% | 6.10% | 7.90% |
| 2014 | 18.40% | 13.60% | 8.10% |
| 2015 | 2.20% | 11.30% | 7.30% |
| 2016 | 0.30% | 6.80% | 6.20% |
| 2017 | 12.90% | 9.30% | 5.80% |
| 2018 | 8.00% | 8.20% | 7.10% |
| 2019 | 6.90% | 6.00% | 9.70% |
| 2020 | 6.60% | 6.70% | 8.80% |
| 2021 | 23.80% | 12.20% | 9.30% |
| 2022 | -10.10% | 7.20% | 8.10% |
| 2023 | 7.80% | 7.20% | 7.50% |
| 2024 | 12.20% | 8.20% | 7.00% |
| 2025 | 10.42% | 9.01% | 7.85% |