US public pension profile
Jacksonville Police and Fire Pension Fund
Funding, investment choices and long-term returns.
Florida ·Fiscal year 2025
Fiscal year 2025 at a glance
- Assumed investment return
- 6.50%
Asset allocation in 2025
Returns to 2025
Size and funding over time
| Fiscal year | Market value of assets | Membership | Funded ratio | Return assumption |
|---|---|---|---|---|
| 2001 | USD 0.7 billion | 3,813 | 85.60% | 8.50% |
| 2002 | USD 0.6 billion | 3,921 | 74.20% | Not reported |
| 2003 | USD 0.7 billion | 4,028 | 63.90% | 8.50% |
| 2004 | USD 0.7 billion | Not reported | 59.60% | 8.50% |
| 2005 | USD 0.8 billion | Not reported | 58.20% | 8.50% |
| 2006 | USD 0.8 billion | 4,452 | 60.10% | 8.50% |
| 2007 | USD 1.0 billion | 4,511 | 63.50% | Not reported |
| 2008 | USD 0.8 billion | 4,594 | 52.90% | 8.50% |
| 2009 | USD 0.7 billion | 4,656 | 48.80% | 8.50% |
| 2010 | USD 0.8 billion | 4,783 | 52.40% | 7.75% |
| 2011 | USD 0.8 billion | 4,909 | 42.80% | 7.75% |
| 2012 | USD 0.9 billion | 4,850 | 39.00% | 7.00% |
| 2013 | USD 1.0 billion | 4,875 | 42.70% | 7.00% |
| 2014 | USD 1.5 billion | 5,038 | 46.58% | 7.00% |
| 2015 | USD 1.4 billion | 5,108 | 43.10% | 7.00% |
| 2016 | USD 1.6 billion | 5,257 | 43.02% | 7.00% |
| 2017 | USD 1.9 billion | 5,417 | 47.24% | 7.00% |
| 2018 | USD 2.0 billion | 5,476 | 48.08% | 7.00% |
| 2019 | USD 2.0 billion | 5,428 | 48.23% | 7.00% |
| 2020 | USD 2.1 billion | 5,386 | 47.98% | 7.00% |
| 2021 | USD 2.5 billion | 5,333 | 48.07% | 6.62% |
| 2022 | USD 2.0 billion | 5,290 | 45.95% | 6.50% |
| 2023 | USD 2.2 billion | 5,242 | 44.74% | 6.62% |
| 2024 | USD 2.6 billion | 5,203 | 44.11% | 6.50% |
| 2025 | Not reported | Not reported | Not reported | 6.50% |
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 | 60.90% | 38.90% | 0.00% | 0.00% | 0.00% | 0.20% |
| 2005 | 62.44% | 31.87% | 0.00% | 5.50% | 0.00% | 0.20% |
| 2006 | 61.50% | 30.30% | 0.00% | 7.90% | 0.00% | 0.30% |
| 2007 | 64.06% | 27.33% | 0.00% | 8.31% | 0.00% | 0.30% |
| 2008 | 59.18% | 30.59% | 0.00% | 10.06% | 0.00% | 0.17% |
| 2009 | 66.97% | 25.47% | 0.00% | 7.30% | 0.00% | 0.26% |
| 2010 | 66.88% | 25.80% | 0.00% | 7.10% | 0.00% | 0.22% |
| 2011 | 59.06% | 26.48% | 5.49% | 8.52% | 0.00% | 0.45% |
| 2012 | 60.82% | 25.22% | 5.82% | 8.14% | 0.00% | 0.00% |
| 2013 | 60.63% | 19.21% | 8.55% | 10.44% | 0.00% | 1.17% |
| 2014 | 60.08% | 21.35% | 8.11% | 10.30% | 0.00% | 0.16% |
| 2015 | 59.32% | 22.19% | 6.22% | 12.12% | 0.00% | 0.15% |
| 2016 | 61.05% | 20.64% | 6.35% | 11.85% | 0.00% | 0.11% |
| 2017 | 63.42% | 20.07% | 5.48% | 10.96% | 0.00% | 0.07% |
| 2018 | 63.73% | 20.21% | 4.36% | 11.26% | 0.00% | 0.44% |
| 2019 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2020 | 63.21% | 22.49% | 2.20% | 11.31% | 0.00% | 0.79% |
| 2021 | 65.48% | 23.82% | 0.00% | 10.70% | 0.00% | 0.00% |
| 2022 | 56.56% | 20.78% | 0.00% | 16.77% | 5.89% | 0.00% |
| 2023 | 58.17% | 22.01% | 0.00% | 13.73% | 6.09% | 0.00% |
| 2024 | 62.60% | 20.37% | 0.00% | 10.93% | 6.10% | 0.00% |
| 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 | 8.50% | Not reported | Not reported |
| 2002 | 5.40% | Not reported | Not reported |
| 2003 | 15.50% | Not reported | Not reported |
| 2004 | 9.50% | Not reported | Not reported |
| 2005 | 11.30% | 9.99% | Not reported |
| 2006 | 8.50% | 9.99% | Not reported |
| 2007 | 15.30% | 11.98% | Not reported |
| 2008 | -12.50% | 5.93% | Not reported |
| 2009 | 1.08% | 4.25% | Not reported |
| 2010 | 9.33% | 3.88% | 6.89% |
| 2011 | 0.53% | 2.31% | 6.08% |
| 2012 | 19.27% | 3.00% | 7.40% |
| 2013 | 14.90% | 8.77% | 7.34% |
| 2014 | 10.73% | 10.77% | 7.46% |
| 2015 | -3.95% | 7.94% | 5.89% |
| 2016 | 10.00% | 9.90% | 6.04% |
| 2017 | 14.27% | 8.96% | 5.94% |
| 2018 | 7.99% | 7.62% | 8.19% |
| 2019 | 2.96% | 6.07% | 8.39% |
| 2020 | 8.13% | 8.58% | 8.16% |
| 2021 | 23.39% | 11.00% | 10.41% |
| 2022 | -16.66% | 4.23% | 6.60% |
| 2023 | 13.98% | 5.35% | 6.57% |
| 2024 | 20.79% | 9.28% | 7.88% |
| 2025 | Not reported | Not reported | Not reported |