US public pension profile· CTPF
Public School Teachers' Pension and Retirement Fund of Chicago
Funding, investment choices and long-term returns.
Illinois ·Fiscal year 2025
CTPF: fiscal year 2025 at a glance
- Market value of assets
- USD 13.7 billion
- Total membership
- 98,732
- Funded ratio
- 47.87%
- Assumed investment return
- 6.50%
Asset allocation in 2025
| Public equity | 53.40% |
|---|---|
| Fixed income | 22.40% |
| Private equity | 8.20% |
| Real estate | 10.10% |
| Hedge funds | 0.40% |
| Cash | 3.20% |
Returns to 2025
| One year | 12.10% |
|---|---|
| Five years | 9.70% |
| Ten years | 8.10% |
CTPF: size and funding over time
| Fiscal year | Market value of assets | Membership | Funded ratio | Return assumption |
|---|---|---|---|---|
| 2001 | USD 10.1 billion | 56,262 | 99.95% | 8.00% |
| 2002 | USD 9.3 billion | 56,793 | 96.30% | 8.00% |
| 2003 | USD 9.2 billion | 56,557 | 92.00% | 8.00% |
| 2004 | USD 10.2 billion | 58,558 | 85.80% | 8.00% |
| 2005 | USD 10.8 billion | 60,534 | 79.00% | 8.00% |
| 2006 | USD 11.4 billion | 59,195 | 78.00% | 8.00% |
| 2007 | USD 12.8 billion | 59,343 | 80.12% | 8.00% |
| 2008 | USD 11.4 billion | 59,485 | 79.38% | 8.00% |
| 2009 | USD 8.4 billion | 59,179 | 73.28% | 8.00% |
| 2010 | USD 8.9 billion | 61,335 | 66.90% | 8.00% |
| 2011 | USD 10.3 billion | 59,585 | 59.67% | 8.00% |
| 2012 | USD 9.4 billion | 60,537 | 53.89% | 8.00% |
| 2013 | USD 9.7 billion | 62,911 | 49.48% | 7.75% |
| 2014 | USD 10.8 billion | 63,194 | 51.50% | 7.75% |
| 2015 | USD 10.7 billion | 84,649 | 51.85% | 7.75% |
| 2016 | USD 10.1 billion | 85,598 | 52.41% | 7.75% |
| 2017 | USD 10.8 billion | 85,926 | 50.10% | 7.75% |
| 2018 | USD 11.1 billion | 87,187 | 47.85% | 7.00% |
| 2019 | USD 11.0 billion | 88,159 | 47.40% | 7.00% |
| 2020 | USD 10.9 billion | 89,390 | 46.69% | 6.75% |
| 2021 | USD 13.4 billion | 90,480 | 47.48% | 6.50% |
| 2022 | USD 11.8 billion | 92,390 | 46.78% | 6.50% |
| 2023 | USD 12.1 billion | 94,079 | 47.24% | 6.50% |
| 2024 | USD 12.7 billion | 96,554 | 48.07% | 6.50% |
| 2025 | USD 13.7 billion | 98,732 | 47.87% | 6.50% |
CTPF: asset allocation over time
| Fiscal year | Public equity | Fixed income | Private equity | Real estate | Hedge funds | Cash |
|---|---|---|---|---|---|---|
| 2001 | 58.60% | 28.40% | 0.90% | 7.50% | 0.00% | 4.60% |
| 2002 | 55.50% | 31.70% | 0.90% | 8.40% | 0.00% | 3.50% |
| 2003 | 56.00% | 30.50% | 1.20% | 7.90% | 0.00% | 4.40% |
| 2004 | 61.90% | 26.00% | 1.40% | 6.90% | 0.00% | 3.80% |
| 2005 | 62.10% | 24.90% | 1.80% | 7.60% | 0.00% | 3.60% |
| 2006 | 62.30% | 23.40% | 2.30% | 8.40% | 0.00% | 3.60% |
| 2007 | 65.20% | 20.80% | 2.40% | 8.20% | 0.00% | 3.40% |
| 2008 | 60.80% | 22.20% | 2.60% | 10.10% | 0.00% | 4.30% |
| 2009 | 55.30% | 24.50% | 2.80% | 8.70% | 0.00% | 5.70% |
| 2010 | 57.10% | 20.80% | 2.90% | 8.60% | 1.60% | 6.40% |
| 2011 | 61.00% | 17.30% | 3.10% | 9.50% | 1.70% | 4.80% |
| 2012 | 55.80% | 19.90% | 2.90% | 10.60% | 1.80% | 5.80% |
| 2013 | 60.00% | 17.30% | 2.80% | 10.70% | 0.30% | 5.50% |
| 2014 | 59.00% | 18.30% | 2.70% | 9.20% | 0.30% | 8.30% |
| 2015 | 60.40% | 19.60% | 3.10% | 11.00% | 0.30% | 3.60% |
| 2016 | 53.90% | 20.20% | 2.80% | 10.30% | 0.30% | 10.10% |
| 2017 | 62.80% | 19.90% | 2.80% | 8.60% | 0.00% | 3.50% |
| 2018 | 60.10% | 22.50% | 2.80% | 8.30% | 0.00% | 4.20% |
| 2019 | 59.40% | 23.50% | 3.50% | 8.20% | 0.00% | 3.40% |
| 2020 | 55.90% | 24.10% | 4.00% | 9.70% | 0.00% | 4.40% |
| 2021 | 60.00% | 19.70% | 5.50% | 9.60% | 0.00% | 3.60% |
| 2022 | 51.80% | 20.30% | 8.10% | 13.30% | 0.00% | 4.50% |
| 2023 | 54.90% | 18.70% | 8.20% | 12.30% | 0.00% | 3.70% |
| 2024 | 56.40% | 17.70% | 8.60% | 10.90% | 0.00% | 4.10% |
| 2025 | 53.40% | 22.40% | 8.20% | 10.10% | 0.40% | 3.20% |
CTPF: investment returns
Each year shows the return over the preceding one, five and ten years.
| Fiscal year | One year | Five years | Ten years |
|---|---|---|---|
| 2001 | -1.47% | 11.12% | Not reported |
| 2002 | -3.28% | 6.48% | 10.01% |
| 2003 | 4.00% | 3.79% | 8.97% |
| 2004 | 15.00% | 4.60% | 10.50% |
| 2005 | 10.80% | 4.80% | 9.70% |
| 2006 | 10.70% | 7.20% | 9.20% |
| 2007 | 17.70% | 11.50% | 9.00% |
| 2008 | -5.30% | 9.50% | 6.60% |
| 2009 | -22.40% | 1.20% | 2.90% |
| 2010 | 13.40% | 1.40% | 2.90% |
| 2011 | 24.80% | 4.20% | 5.70% |
| 2012 | 0.60% | 1.00% | 6.10% |
| 2013 | 13.30% | 4.60% | 7.00% |
| 2014 | 18.40% | 13.80% | 7.30% |
| 2015 | 3.50% | 11.70% | 6.60% |
| 2016 | 0.50% | 7.00% | 5.60% |
| 2017 | 13.60% | 9.70% | 5.20% |
| 2018 | 9.00% | 8.80% | 6.70% |
| 2019 | 5.50% | 6.30% | 10.00% |
| 2020 | 4.50% | 6.50% | 9.10% |
| 2021 | 29.20% | 12.00% | 9.50% |
| 2022 | -8.50% | 7.30% | 8.50% |
| 2023 | 9.10% | 7.30% | 8.00% |
| 2024 | 9.80% | 8.20% | 7.20% |
| 2025 | 12.10% | 9.70% | 8.10% |