US public pension profile· Connecticut TRS
Connecticut State Teachers’ Retirement System
Funding, investment choices and long-term returns.
Connecticut ·Fiscal year 2025
Connecticut TRS: fiscal year 2025 at a glance
- Market value of assets
- USD 29.3 billion
- Total membership
- 104,982
- Funded ratio
- 63.68%
- Assumed investment return
- 6.90%
Asset allocation in 2025
Returns to 2025
| One year | 10.28% |
|---|---|
| Five years | 8.84% |
| Ten years | 7.29% |
Connecticut TRS: size and funding over time
| Fiscal year | Market value of assets | Membership | Funded ratio | Return assumption |
|---|---|---|---|---|
| 2001 | USD 11.2 billion | Not reported | Not reported | Not reported |
| 2002 | USD 10.1 billion | 79,603 | 75.90% | 8.50% |
| 2003 | USD 9.9 billion | 81,695 | Not reported | Not reported |
| 2004 | USD 10.9 billion | 83,787 | 65.30% | 8.50% |
| 2005 | USD 11.4 billion | 86,115 | Not reported | Not reported |
| 2006 | USD 12.2 billion | 88,442 | 59.50% | 8.50% |
| 2007 | USD 13.8 billion | 90,479 | Not reported | Not reported |
| 2008 | USD 14.6 billion | 92,516 | 70.00% | 8.50% |
| 2009 | USD 11.4 billion | 93,504 | Not reported | Not reported |
| 2010 | USD 12.3 billion | 94,491 | 61.40% | 8.50% |
| 2011 | USD 14.2 billion | 95,239 | Not reported | Not reported |
| 2012 | USD 13.5 billion | 95,987 | 55.20% | 8.50% |
| 2013 | USD 14.5 billion | 97,371 | Not reported | 8.50% |
| 2014 | USD 16.2 billion | 98,754 | 59.00% | 8.50% |
| 2015 | USD 16.1 billion | 100,224 | Not reported | Not reported |
| 2016 | USD 15.6 billion | 101,694 | 56.01% | 8.50% |
| 2017 | USD 17.1 billion | 100,610 | Not reported | Not reported |
| 2018 | USD 17.9 billion | 99,525 | 57.70% | 8.00% |
| 2019 | USD 18.5 billion | 99,691 | Not reported | Not reported |
| 2020 | USD 18.3 billion | 99,857 | 51.32% | 6.90% |
| 2021 | USD 23.1 billion | 101,351 | Not reported | 6.90% |
| 2022 | USD 21.5 billion | 102,844 | 57.02% | 6.90% |
| 2023 | USD 23.9 billion | 103,987 | 59.83% | 6.90% |
| 2024 | USD 26.5 billion | 104,765 | 62.31% | 6.90% |
| 2025 | USD 29.3 billion | 104,982 | 63.68% | 6.90% |
Connecticut TRS: asset allocation over time
| Fiscal year | Public equity | Fixed income | Private equity | Real estate | Hedge funds | Cash |
|---|---|---|---|---|---|---|
| 2001 | 50.60% | 34.40% | 12.70% | 2.30% | 0.00% | 0.00% |
| 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% | 30.30% | 6.00% | 2.60% | 0.00% | 0.00% |
| 2008 | 55.80% | 28.30% | 6.80% | 3.70% | 0.00% | 5.40% |
| 2009 | 55.70% | 27.20% | 8.00% | 3.80% | 0.00% | 5.30% |
| 2010 | 54.54% | 24.58% | 9.29% | 3.60% | 0.00% | 7.99% |
| 2011 | 59.00% | 21.50% | 8.90% | 4.30% | 2.10% | 4.20% |
| 2012 | 56.00% | 21.30% | 10.90% | 5.60% | 2.30% | 3.90% |
| 2013 | 56.10% | 19.60% | 10.00% | 5.70% | 4.60% | 4.00% |
| 2014 | 55.20% | 20.10% | 10.10% | 5.00% | 4.40% | 5.20% |
| 2015 | 53.00% | 20.40% | 9.30% | 6.30% | 5.90% | 5.10% |
| 2016 | 51.20% | 22.10% | 9.10% | 7.60% | 6.00% | 4.00% |
| 2017 | 52.30% | 21.30% | 8.10% | 7.00% | 6.10% | 5.20% |
| 2018 | 52.00% | 22.50% | 6.70% | 6.50% | 7.10% | 5.20% |
| 2019 | 53.50% | 23.10% | 7.00% | 6.50% | 8.20% | 1.70% |
| 2020 | 41.00% | 29.80% | 7.50% | 12.00% | 7.40% | 2.30% |
| 2021 | 48.20% | 23.80% | 8.80% | 11.80% | 5.40% | 2.00% |
| 2022 | 42.40% | 22.10% | 12.40% | 16.00% | 6.90% | 0.20% |
| 2023 | 48.00% | 21.70% | 11.70% | 7.90% | 8.00% | 0.40% |
| 2024 | 49.00% | 20.10% | 11.40% | 6.30% | 9.50% | 0.70% |
| 2025 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
Connecticut TRS: 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 | 15.34% | 3.79% | 9.20% |
| 2005 | 10.49% | 3.30% | 8.90% |
| 2006 | 10.74% | 6.19% | 8.56% |
| 2007 | 17.47% | 11.07% | 8.36% |
| 2008 | -4.77% | 9.56% | 6.13% |
| 2009 | -17.14% | 2.55% | 3.12% |
| 2010 | 12.87% | 2.99% | 3.10% |
| 2011 | 20.77% | 4.79% | 5.46% |
| 2012 | -0.96% | 1.27% | 6.08% |
| 2013 | 11.83% | 4.58% | 7.04% |
| 2014 | 15.67% | 11.79% | 7.07% |
| 2015 | 2.79% | 9.72% | 6.30% |
| 2016 | 0.25% | 5.71% | 5.25% |
| 2017 | 14.38% | 8.80% | 4.97% |
| 2018 | 7.04% | 7.85% | 6.20% |
| 2019 | 5.85% | 5.96% | 8.84% |
| 2020 | 1.85% | 5.76% | 7.72% |
| 2021 | 24.28% | 10.41% | 8.03% |
| 2022 | -7.76% | 5.76% | 7.27% |
| 2023 | 8.35% | 6.04% | 6.94% |
| 2024 | 11.50% | 7.15% | 6.55% |
| 2025 | 10.28% | 8.84% | 7.29% |