US public pension profile
Connecticut Municipal Employees Retirement System
Funding, investment choices and long-term returns.
Connecticut ·Fiscal year 2025
Fiscal year 2025 at a glance
- Market value of assets
- USD 3.8 billion
- Total membership
- 26,920
- Funded ratio
- 74.05%
- Assumed investment return
- 7.00%
Asset allocation in 2025
Returns to 2025
| One year | 10.25% |
|---|---|
| Five years | 8.82% |
| Ten years | 7.21% |
Size and funding over time
| Fiscal year | Market value of assets | Membership | Funded ratio | Return assumption |
|---|---|---|---|---|
| 2001 | USD 1.3 billion | 12,805 | 109.29% | Not reported |
| 2002 | USD 1.2 billion | 13,167 | 106.34% | Not reported |
| 2003 | USD 1.2 billion | 13,163 | 102.87% | Not reported |
| 2004 | USD 1.3 billion | 13,279 | 102.94% | Not reported |
| 2005 | USD 1.4 billion | 13,418 | 103.24% | Not reported |
| 2006 | USD 1.5 billion | 14,200 | 102.46% | 8.50% |
| 2007 | USD 1.7 billion | 14,981 | 103.70% | 8.50% |
| 2008 | USD 1.6 billion | 15,469 | 103.30% | 8.25% |
| 2009 | USD 1.3 billion | 15,657 | 88.90% | 8.25% |
| 2010 | USD 1.5 billion | 15,845 | 88.40% | 8.25% |
| 2011 | USD 1.7 billion | 15,780 | 88.30% | 8.25% |
| 2012 | USD 1.7 billion | 15,715 | 85.00% | 8.00% |
| 2013 | USD 1.9 billion | 14,897 | 87.50% | 8.00% |
| 2014 | USD 2.2 billion | 16,246 | 87.82% | 8.00% |
| 2015 | USD 2.5 billion | 17,028 | 87.80% | 8.00% |
| 2016 | USD 2.5 billion | 17,810 | 86.10% | 8.00% |
| 2017 | USD 2.7 billion | 19,938 | 86.10% | 8.00% |
| 2018 | USD 2.7 billion | 22,066 | 76.73% | 7.00% |
| 2019 | USD 2.7 billion | 21,775 | 75.85% | 6.00% |
| 2020 | USD 2.7 billion | 22,323 | 76.44% | 7.00% |
| 2021 | USD 3.4 billion | 23,166 | 77.35% | 7.00% |
| 2022 | USD 3.0 billion | 24,317 | 74.18% | 7.00% |
| 2023 | USD 3.2 billion | 25,200 | 73.01% | 7.00% |
| 2024 | USD 3.5 billion | 26,037 | 73.46% | 7.00% |
| 2025 | USD 3.8 billion | 26,920 | 74.05% | 7.00% |
Asset allocation over time
| Fiscal year | Public equity | Fixed income | Private equity | Real estate | Hedge funds | Cash |
|---|---|---|---|---|---|---|
| 2001 | 50.60% | 32.50% | 12.70% | 2.30% | 0.00% | 1.90% |
| 2002 | 47.60% | 37.70% | 12.20% | 2.50% | 0.00% | 0.00% |
| 2003 | 47.20% | 40.40% | 10.10% | 2.30% | 0.00% | 0.00% |
| 2004 | 58.30% | 29.20% | 8.90% | 1.80% | 0.00% | 1.80% |
| 2005 | 59.90% | 31.40% | 6.80% | 1.90% | 0.00% | 0.00% |
| 2006 | 62.90% | 29.40% | 6.00% | 1.70% | 0.00% | 0.00% |
| 2007 | 61.10% | 29.40% | 6.00% | 2.60% | 0.00% | 0.90% |
| 2008 | 46.30% | 39.20% | 7.10% | 4.10% | 0.00% | 3.30% |
| 2009 | 43.50% | 39.50% | 8.00% | 3.80% | 0.00% | 5.20% |
| 2010 | 42.70% | 34.80% | 9.00% | 3.50% | 0.00% | 10.00% |
| 2011 | 49.40% | 31.90% | 8.80% | 4.70% | 2.00% | 3.20% |
| 2012 | 44.60% | 35.00% | 10.70% | 5.70% | 2.20% | 1.80% |
| 2013 | 36.90% | 35.30% | 10.50% | 7.30% | 8.30% | 1.70% |
| 2014 | 37.60% | 34.90% | 10.10% | 6.90% | 7.70% | 2.80% |
| 2015 | 36.30% | 34.60% | 10.80% | 7.30% | 8.10% | 2.90% |
| 2016 | 36.50% | 35.30% | 10.20% | 7.20% | 8.10% | 2.70% |
| 2017 | 37.50% | 34.70% | 10.10% | 7.00% | 7.90% | 2.80% |
| 2018 | 38.50% | 37.00% | 8.40% | 6.30% | 7.20% | 2.60% |
| 2019 | 40.20% | 36.70% | 6.90% | 6.40% | 8.00% | 1.80% |
| 2020 | 40.70% | 29.40% | 7.50% | 11.90% | 7.30% | 3.20% |
| 2021 | 48.00% | 23.60% | 8.80% | 11.80% | 5.30% | 2.50% |
| 2022 | 42.10% | 22.20% | 12.20% | 15.90% | 6.80% | 0.80% |
| 2023 | 46.60% | 21.50% | 11.70% | 7.90% | 8.10% | 2.00% |
| 2024 | 48.90% | 20.00% | 11.10% | 6.20% | 9.40% | 1.60% |
| 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 | -3.68% | 10.99% | 10.58% |
| 2002 | -6.39% | 5.72% | 9.00% |
| 2003 | 2.49% | 2.93% | 8.06% |
| 2004 | 14.28% | 3.79% | 9.20% |
| 2005 | 10.10% | 3.30% | 8.90% |
| 2006 | 9.87% | 6.19% | 8.56% |
| 2007 | 16.96% | 11.07% | 8.36% |
| 2008 | -4.11% | 9.17% | 5.97% |
| 2009 | -14.90% | 2.92% | 3.27% |
| 2010 | 12.57% | 3.37% | 3.19% |
| 2011 | 17.87% | 4.84% | 5.28% |
| 2012 | 0.47% | 1.70% | 6.03% |
| 2013 | 9.60% | 4.45% | 6.78% |
| 2014 | 13.58% | 10.66% | 6.72% |
| 2015 | 2.57% | 8.62% | 5.96% |
| 2016 | 1.15% | 5.35% | 5.09% |
| 2017 | 13.05% | 7.86% | 4.73% |
| 2018 | 6.14% | 7.17% | 5.80% |
| 2019 | 6.23% | 5.75% | 8.18% |
| 2020 | 2.03% | 5.64% | 7.12% |
| 2021 | 24.39% | 10.10% | 7.70% |
| 2022 | -7.76% | 5.71% | 6.78% |
| 2023 | 8.22% | 6.12% | 6.65% |
| 2024 | 11.44% | 7.14% | 6.44% |
| 2025 | 10.25% | 8.82% | 7.21% |