US public pension profile
Birmingham Retirement & Relief System
Funding, investment choices and long-term returns.
Alabama ·Fiscal year 2025
Fiscal year 2025 at a glance
Asset allocation in 2025
Returns to 2025
Size and funding over time
| Fiscal year | Market value of assets | Membership | Funded ratio | Return assumption |
|---|---|---|---|---|
| 2001 | Not reported | 6,231 | 106.34% | Not reported |
| 2002 | Not reported | 6,107 | 102.71% | Not reported |
| 2003 | Not reported | 6,158 | 98.69% | 7.50% |
| 2004 | USD 0.9 billion | 6,250 | 95.60% | 7.50% |
| 2005 | USD 0.9 billion | 6,272 | 93.53% | 7.50% |
| 2006 | USD 1.0 billion | 6,241 | 94.94% | 7.50% |
| 2007 | USD 1.0 billion | 6,324 | 94.25% | 7.00% |
| 2008 | USD 0.9 billion | 6,451 | 90.70% | 7.00% |
| 2009 | USD 0.8 billion | 6,744 | 84.08% | 7.00% |
| 2010 | USD 0.8 billion | 6,860 | 82.01% | 7.00% |
| 2011 | USD 0.9 billion | 6,856 | 77.03% | 7.00% |
| 2012 | USD 0.9 billion | 6,959 | 74.34% | 7.00% |
| 2013 | USD 0.9 billion | 7,018 | 73.00% | 7.00% |
| 2014 | USD 1.0 billion | 7,089 | 74.80% | 7.00% |
| 2015 | USD 1.0 billion | 7,146 | 75.33% | 7.50% |
| 2016 | USD 1.0 billion | 7,290 | 75.51% | 7.50% |
| 2017 | USD 1.1 billion | 7,501 | 73.42% | 7.50% |
| 2018 | USD 1.1 billion | 7,574 | 72.51% | 7.50% |
| 2019 | USD 1.1 billion | 7,638 | 70.86% | 7.50% |
| 2020 | USD 1.0 billion | 7,762 | 68.70% | 7.50% |
| 2021 | USD 1.2 billion | Not reported | Not reported | Not reported |
| 2022 | USD 1.1 billion | Not reported | Not reported | Not reported |
| 2023 | USD 1.1 billion | Not reported | Not reported | 7.25% |
| 2024 | USD 1.1 billion | Not reported | Not reported | 7.25% |
| 2025 | Not reported | Not reported | Not reported | Not reported |
Asset allocation over time
| Fiscal year | Public equity | Fixed income | Private equity | Real estate | Hedge funds | Cash |
|---|---|---|---|---|---|---|
| 2001 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2002 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2003 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2004 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2005 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2006 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2007 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2008 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2009 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2010 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2011 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2012 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2013 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2014 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2015 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2016 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2017 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2018 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2019 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2020 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2021 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2022 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2023 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2024 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 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 | Not reported | Not reported | Not reported |
| 2002 | Not reported | Not reported | Not reported |
| 2003 | Not reported | Not reported | Not reported |
| 2004 | 8.63% | Not reported | Not reported |
| 2005 | 6.28% | Not reported | Not reported |
| 2006 | 4.44% | Not reported | Not reported |
| 2007 | 9.80% | Not reported | Not reported |
| 2008 | -3.58% | 5.00% | Not reported |
| 2009 | -11.11% | 0.88% | Not reported |
| 2010 | 12.11% | 1.96% | Not reported |
| 2011 | 17.83% | 4.45% | Not reported |
| 2012 | 3.67% | 3.26% | Not reported |
| 2013 | 10.92% | 6.19% | 5.60% |
| 2014 | 16.35% | 12.06% | 6.32% |
| 2015 | 4.68% | 10.54% | 6.16% |
| 2016 | 1.38% | 7.26% | 5.85% |
| 2017 | 11.79% | 8.89% | 6.04% |
| 2018 | 8.12% | 8.34% | 7.26% |
| 2019 | 5.12% | 6.16% | 9.07% |
| 2020 | 0.35% | 5.27% | 7.87% |
| 2021 | 30.20% | 10.67% | 8.95% |
| 2022 | -9.08% | 6.19% | 7.53% |
| 2023 | 9.02% | 6.36% | 7.35% |
| 2024 | 10.35% | 7.40% | 6.78% |
| 2025 | Not reported | Not reported | Not reported |