US public pension profile
Manchester Employees' Contributory Retirement System
Funding, investment choices and long-term returns.
New Hampshire ·Fiscal year 2025
Fiscal year 2025 at a glance
- Assumed investment return
- 6.75%
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 0.1 billion | 1,880 | 98.40% | 7.50% |
| 2002 | USD 0.1 billion | 1,893 | 84.50% | 7.50% |
| 2003 | USD 0.1 billion | 1,893 | 81.90% | 7.50% |
| 2004 | USD 0.1 billion | 1,937 | 82.20% | 7.50% |
| 2005 | USD 0.1 billion | 1,964 | 77.00% | 7.50% |
| 2006 | USD 0.1 billion | 1,960 | 73.20% | 7.50% |
| 2007 | USD 0.1 billion | 1,993 | 74.20% | 7.50% |
| 2008 | USD 0.1 billion | 2,012 | 62.50% | 7.50% |
| 2009 | USD 0.1 billion | 2,024 | 60.50% | 7.50% |
| 2010 | USD 0.1 billion | 2,021 | 62.40% | 7.50% |
| 2011 | USD 0.1 billion | 1,992 | 61.60% | 7.25% |
| 2012 | USD 0.2 billion | 2,004 | 61.60% | 7.25% |
| 2013 | USD 0.2 billion | 2,019 | 63.50% | 7.25% |
| 2014 | USD 0.2 billion | 2,055 | 64.34% | 7.25% |
| 2015 | USD 0.2 billion | 2,114 | 63.28% | 7.25% |
| 2016 | USD 0.2 billion | 2,132 | 63.72% | 7.25% |
| 2017 | USD 0.2 billion | 2,154 | 63.03% | 7.00% |
| 2018 | USD 0.2 billion | 2,165 | 62.04% | 7.00% |
| 2019 | USD 0.2 billion | 2,074 | 61.82% | 7.00% |
| 2020 | USD 0.3 billion | 2,188 | 59.24% | 6.75% |
| 2021 | USD 0.3 billion | 2,233 | 62.22% | 6.75% |
| 2022 | USD 0.2 billion | 2,239 | 61.99% | 6.75% |
| 2023 | USD 0.3 billion | 2,333 | 62.66% | 6.75% |
| 2024 | USD 0.3 billion | 2,429 | 63.93% | 6.75% |
| 2025 | Not reported | Not reported | Not reported | 6.75% |
Asset allocation over time
| Fiscal year | Public equity | Fixed income | Private equity | Real estate | Hedge funds | Cash |
|---|---|---|---|---|---|---|
| 2001 | 44.00% | 27.00% | 3.40% | 0.00% | 17.50% | 8.10% |
| 2002 | 39.36% | 30.27% | 3.30% | 0.00% | 17.58% | 9.49% |
| 2003 | 52.90% | 18.70% | 2.40% | 0.00% | 17.00% | 9.00% |
| 2004 | 52.67% | 20.24% | 2.11% | 0.00% | 17.12% | 7.85% |
| 2005 | 45.66% | 17.25% | 1.29% | 6.98% | 26.65% | 2.17% |
| 2006 | 46.10% | 17.70% | 1.00% | 6.50% | 27.70% | 1.00% |
| 2007 | 46.00% | 17.10% | 0.80% | 6.80% | 26.90% | 2.40% |
| 2008 | 32.70% | 21.50% | 0.80% | 10.10% | 29.90% | 5.00% |
| 2009 | 32.15% | 20.25% | 0.56% | 5.79% | 27.49% | 13.76% |
| 2010 | 41.10% | 20.70% | 0.00% | 10.10% | 14.70% | 3.20% |
| 2011 | 39.80% | 21.90% | 0.00% | 8.00% | 15.00% | 4.90% |
| 2012 | 41.40% | 21.30% | 0.00% | 7.10% | 14.60% | 6.00% |
| 2013 | 48.00% | 19.70% | 0.00% | 5.70% | 13.40% | 2.50% |
| 2014 | 44.10% | 21.40% | 0.00% | 6.20% | 13.50% | 2.80% |
| 2015 | 47.70% | 16.00% | 0.00% | 7.60% | 13.80% | 2.40% |
| 2016 | 44.42% | 20.62% | 0.00% | 8.61% | 11.81% | 1.52% |
| 2017 | 50.81% | 14.70% | 3.20% | 8.78% | 15.20% | 1.90% |
| 2018 | 44.90% | 16.00% | 5.20% | 11.00% | 15.30% | 2.20% |
| 2019 | 53.00% | 20.00% | 5.80% | 10.30% | 6.50% | 4.40% |
| 2020 | 56.40% | 13.80% | 8.00% | 9.90% | 4.70% | 1.80% |
| 2021 | 57.40% | 18.10% | 10.50% | 11.10% | 0.00% | 2.90% |
| 2022 | 49.10% | 18.30% | 14.60% | 15.10% | 0.00% | 2.90% |
| 2023 | 51.90% | 18.20% | 15.20% | 12.00% | 0.00% | 2.70% |
| 2024 | 53.40% | 19.10% | 15.10% | 9.50% | 0.00% | 2.90% |
| 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 | -5.82% | 7.70% | 9.40% |
| 2002 | -10.70% | Not reported | Not reported |
| 2003 | 27.90% | 5.30% | 9.20% |
| 2004 | 11.10% | 5.00% | 10.70% |
| 2005 | 8.40% | 6.00% | 8.90% |
| 2006 | 14.10% | 10.00% | 8.80% |
| 2007 | 11.60% | 15.00% | 8.20% |
| 2008 | -29.00% | 2.30% | 3.70% |
| 2009 | 20.10% | 3.60% | 4.20% |
| 2010 | 14.40% | 4.70% | 5.40% |
| 2011 | -3.00% | 0.80% | 5.18% |
| 2012 | 11.10% | 1.20% | 7.51% |
| 2013 | 16.50% | 12.00% | 6.51% |
| 2014 | 4.30% | 8.90% | 5.84% |
| 2015 | -2.00% | 5.60% | 5.20% |
| 2016 | 7.10% | 7.70% | 4.40% |
| 2017 | 16.20% | 8.30% | 4.90% |
| 2018 | -5.00% | 4.00% | 8.00% |
| 2019 | 16.50% | 6.30% | 7.60% |
| 2020 | 14.20% | 9.70% | 7.60% |
| 2021 | 10.30% | 10.50% | 9.10% |
| 2022 | -14.20% | 4.30% | 6.30% |
| 2023 | 12.70% | 7.90% | 5.90% |
| 2024 | 10.20% | 6.70% | 6.50% |
| 2025 | Not reported | Not reported | Not reported |