US public pension profile
Colorado Public Employee Retirement Association-Local Division
Funding, investment choices and long-term returns.
Colorado ·Fiscal year 2025
Fiscal year 2025 at a glance
- Market value of assets
- USD 6.5 billion
- Total membership
- 59,445
- Funded ratio
- 88.18%
- Assumed investment return
- 7.25%
Asset allocation in 2025
| Public equity | 55.70% |
|---|---|
| Fixed income | 21.00% |
| Private equity | 7.50% |
| Real estate | 9.00% |
| Hedge funds | 0.00% |
| Cash | 0.80% |
Returns to 2025
| One year | 14.10% |
|---|---|
| Five years | 7.60% |
| Ten years | 9.50% |
Size and funding over time
| Fiscal year | Market value of assets | Membership | Funded ratio | Return assumption |
|---|---|---|---|---|
| 2001 | USD 1.6 billion | 23,621 | 104.30% | 8.75% |
| 2002 | USD 1.4 billion | 24,561 | 93.60% | 8.75% |
| 2003 | USD 1.8 billion | 25,282 | 80.20% | 8.50% |
| 2004 | USD 2.1 billion | 29,108 | 77.20% | 8.50% |
| 2005 | USD 2.4 billion | 31,138 | 78.00% | 8.50% |
| 2006 | USD 2.8 billion | 33,216 | 79.50% | 8.50% |
| 2007 | USD 3.0 billion | 35,812 | 81.20% | 8.50% |
| 2008 | USD 2.2 billion | 38,066 | 76.40% | 8.50% |
| 2009 | USD 2.6 billion | 38,383 | 76.20% | 8.00% |
| 2010 | USD 2.9 billion | 39,432 | 73.00% | 8.00% |
| 2011 | USD 2.9 billion | 40,546 | 69.30% | 8.00% |
| 2012 | USD 3.2 billion | 41,177 | 74.53% | 8.00% |
| 2013 | USD 3.5 billion | 41,275 | 73.10% | 7.50% |
| 2014 | USD 3.8 billion | 42,294 | 78.71% | 7.50% |
| 2015 | USD 3.7 billion | 43,659 | 79.01% | 7.50% |
| 2016 | USD 3.8 billion | 45,445 | 74.41% | 7.25% |
| 2017 | USD 4.3 billion | 46,817 | 79.46% | 7.25% |
| 2018 | USD 4.0 billion | 48,652 | 77.67% | 7.25% |
| 2019 | USD 4.6 billion | 49,988 | 80.66% | 7.25% |
| 2020 | USD 5.2 billion | 50,930 | 82.40% | 7.25% |
| 2021 | USD 5.8 billion | 52,381 | 88.61% | 7.25% |
| 2022 | USD 4.9 billion | 54,348 | 90.97% | 7.25% |
| 2023 | USD 5.4 billion | 56,395 | 90.70% | 7.25% |
| 2024 | USD 5.8 billion | 58,260 | 89.18% | 7.25% |
| 2025 | USD 6.5 billion | 59,445 | 88.18% | 7.25% |
Asset allocation over time
| Fiscal year | Public equity | Fixed income | Private equity | Real estate | Hedge funds | Cash |
|---|---|---|---|---|---|---|
| 2001 | 65.80% | 10.40% | 10.70% | 9.90% | 0.00% | 2.30% |
| 2002 | 61.00% | 12.80% | 11.10% | 11.20% | 0.00% | 2.70% |
| 2003 | 58.80% | 18.70% | 11.10% | 8.40% | 0.00% | 2.00% |
| 2004 | 58.20% | 20.50% | 10.20% | 7.30% | 0.00% | 2.80% |
| 2005 | 60.20% | 23.40% | 8.60% | 6.10% | 0.00% | 0.60% |
| 2006 | 59.50% | 23.50% | 8.30% | 6.90% | 0.00% | 0.70% |
| 2007 | 59.00% | 23.90% | 7.70% | 7.60% | 0.00% | 0.70% |
| 2008 | 51.60% | 26.60% | 8.90% | 8.90% | 1.50% | 2.50% |
| 2009 | 58.90% | 22.40% | 9.60% | 6.00% | 1.90% | 1.20% |
| 2010 | 57.93% | 22.99% | 9.34% | 7.03% | 2.11% | 0.60% |
| 2011 | 55.50% | 23.60% | 9.30% | 8.60% | 2.10% | 0.90% |
| 2012 | 56.50% | 23.30% | 8.70% | 8.10% | 2.50% | 0.90% |
| 2013 | 58.40% | 23.40% | 7.80% | 7.10% | 2.50% | 0.80% |
| 2014 | 56.50% | 24.90% | 7.80% | 7.40% | 2.50% | 0.90% |
| 2015 | 55.50% | 24.70% | 8.20% | 8.60% | 2.20% | 0.80% |
| 2016 | 55.90% | 22.70% | 8.40% | 9.00% | 2.60% | 1.40% |
| 2017 | 57.70% | 21.90% | 8.00% | 8.60% | 3.40% | 0.40% |
| 2018 | 53.40% | 24.00% | 8.80% | 9.60% | 3.60% | 0.60% |
| 2019 | 56.90% | 22.10% | 8.10% | 8.90% | 3.50% | 0.50% |
| 2020 | 58.00% | 20.80% | 8.10% | 8.00% | 4.10% | 1.00% |
| 2021 | 58.30% | 18.40% | 9.20% | 8.80% | 4.70% | 0.60% |
| 2022 | 52.80% | 19.40% | 9.20% | 11.90% | 6.30% | 0.40% |
| 2023 | 55.00% | 18.90% | 8.70% | 10.10% | 0.00% | 0.40% |
| 2024 | 55.50% | 19.70% | 7.70% | 9.20% | 0.00% | 0.70% |
| 2025 | 55.70% | 21.00% | 7.50% | 9.00% | 0.00% | 0.80% |
Investment returns
Each year shows the return over the preceding one, five and ten years.
| Fiscal year | One year | Five years | Ten years |
|---|---|---|---|
| 2001 | -7.70% | 8.90% | 10.30% |
| 2002 | -11.79% | 2.34% | 8.29% |
| 2003 | 24.06% | 3.69% | 9.06% |
| 2004 | 14.10% | 2.80% | 10.40% |
| 2005 | 9.80% | 4.70% | 9.00% |
| 2006 | 15.70% | 9.60% | 9.20% |
| 2007 | 10.00% | 14.40% | 8.10% |
| 2008 | -26.00% | 3.30% | 3.40% |
| 2009 | 17.40% | 3.90% | 3.30% |
| 2010 | 14.00% | 4.70% | 4.60% |
| 2011 | 1.90% | 2.10% | 5.70% |
| 2012 | 12.90% | 2.60% | 8.40% |
| 2013 | 15.60% | 12.20% | 7.60% |
| 2014 | 5.70% | 9.90% | 6.80% |
| 2015 | 1.50% | 7.30% | 6.00% |
| 2016 | 7.30% | 8.50% | 5.20% |
| 2017 | 18.10% | 9.50% | 6.00% |
| 2018 | -3.50% | 5.60% | 8.80% |
| 2019 | 20.30% | 8.40% | 9.10% |
| 2020 | 17.40% | 11.60% | 9.40% |
| 2021 | 16.10% | 13.30% | 10.90% |
| 2022 | -13.40% | 6.50% | 8.00% |
| 2023 | 13.40% | 10.00% | 7.80% |
| 2024 | 10.80% | 8.20% | 8.30% |
| 2025 | 14.10% | 7.60% | 9.50% |