US public pension profile
Miami Firefighters' and Police Officers' Retirement Trust
Funding, investment choices and long-term returns.
Florida ·Fiscal year 2025
Fiscal year 2025 at a glance
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 1.0 billion | 3,118 | 94.00% | 7.75% |
| 2002 | USD 0.9 billion | 3,130 | 78.00% | 7.75% |
| 2003 | USD 1.0 billion | 3,117 | 84.00% | 7.75% |
| 2004 | USD 1.2 billion | 3,136 | 85.00% | 7.75% |
| 2005 | USD 1.3 billion | 3,198 | 91.00% | 7.75% |
| 2006 | USD 1.4 billion | 3,286 | 91.00% | 7.75% |
| 2007 | USD 1.6 billion | 3,327 | 96.00% | 7.75% |
| 2008 | USD 1.3 billion | 3,503 | 70.00% | 7.75% |
| 2009 | USD 1.3 billion | 3,732 | 63.00% | 7.75% |
| 2010 | USD 1.3 billion | 4,090 | 66.00% | 7.75% |
| 2011 | USD 1.3 billion | 3,962 | 72.00% | 7.50% |
| 2012 | USD 1.4 billion | 3,521 | 73.00% | 7.50% |
| 2013 | USD 1.5 billion | 4,040 | 72.49% | 7.50% |
| 2014 | USD 1.7 billion | 4,142 | 72.04% | 7.50% |
| 2015 | USD 1.7 billion | 3,895 | 70.99% | 7.42% |
| 2016 | USD 1.7 billion | 4,089 | 69.56% | 7.42% |
| 2017 | USD 1.7 billion | 4,244 | 68.13% | 7.42% |
| 2018 | USD 1.6 billion | 4,327 | 65.27% | 7.34% |
| 2019 | USD 1.6 billion | 4,325 | 65.27% | 7.34% |
| 2020 | USD 1.6 billion | 4,299 | 60.64% | 7.00% |
| 2021 | USD 1.8 billion | 4,286 | 57.76% | 7.00% |
| 2022 | USD 1.5 billion | 4,295 | 55.78% | 7.00% |
| 2023 | USD 1.6 billion | 4,278 | 54.37% | 7.00% |
| 2024 | USD 1.8 billion | 4,281 | 53.32% | 7.00% |
| 2025 | Not reported | Not reported | Not reported | Not reported |
Asset allocation over time
| Fiscal year | Public equity | Fixed income | Private equity | Real estate | Hedge funds | Cash |
|---|---|---|---|---|---|---|
| 2001 | 51.00% | 40.00% | 0.00% | 8.00% | 0.00% | 1.00% |
| 2002 | 48.00% | 41.00% | 0.00% | 9.00% | 0.00% | 2.00% |
| 2003 | 58.00% | 32.00% | 0.00% | 8.00% | 0.00% | 2.00% |
| 2004 | 60.56% | 30.08% | 0.00% | 8.07% | 0.00% | 1.30% |
| 2005 | 63.00% | 29.00% | 0.00% | 8.00% | 0.00% | 0.00% |
| 2006 | 62.70% | 28.20% | 0.00% | 9.00% | 0.00% | 0.10% |
| 2007 | 64.00% | 26.30% | 0.30% | 9.20% | 0.00% | 0.20% |
| 2008 | 56.90% | 33.00% | 1.10% | 9.00% | 0.00% | 0.00% |
| 2009 | 59.84% | 31.17% | 1.60% | 7.09% | 0.00% | 0.30% |
| 2010 | 52.90% | 37.40% | 2.00% | 7.40% | 0.00% | 0.30% |
| 2011 | 49.20% | 39.70% | 2.70% | 8.20% | 0.00% | 0.20% |
| 2012 | 48.80% | 38.40% | 2.90% | 8.90% | 0.00% | 1.00% |
| 2013 | 52.10% | 36.10% | 3.50% | 8.00% | 0.00% | 0.30% |
| 2014 | 47.14% | 40.04% | 3.87% | 8.63% | 0.00% | 0.32% |
| 2015 | 45.29% | 38.94% | 4.92% | 10.79% | 0.00% | 0.06% |
| 2016 | 39.58% | 28.76% | 6.50% | 11.66% | 11.31% | 2.19% |
| 2017 | 39.20% | 31.50% | 9.00% | 11.00% | 6.50% | 2.80% |
| 2018 | 45.46% | 30.87% | 6.79% | 12.59% | 0.00% | 4.30% |
| 2019 | 48.52% | 25.36% | 11.17% | 12.18% | 0.00% | 2.77% |
| 2020 | 53.24% | 25.06% | 11.70% | 8.07% | 0.00% | 1.93% |
| 2021 | 56.57% | 23.23% | 7.07% | 10.10% | 0.00% | 2.02% |
| 2022 | 51.48% | 24.75% | 8.91% | 11.88% | 0.00% | 1.98% |
| 2023 | 56.00% | 25.00% | 8.00% | 9.00% | 0.00% | 1.00% |
| 2024 | 55.84% | 29.47% | 7.19% | 6.79% | 0.00% | 0.30% |
| 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 | -10.48% | Not reported | Not reported |
| 2002 | -5.66% | Not reported | Not reported |
| 2003 | 15.61% | Not reported | Not reported |
| 2004 | 12.62% | Not reported | Not reported |
| 2005 | 15.26% | 4.86% | Not reported |
| 2006 | 8.84% | 9.03% | Not reported |
| 2007 | 14.29% | 13.30% | Not reported |
| 2008 | -14.44% | 6.68% | Not reported |
| 2009 | -0.15% | 4.14% | Not reported |
| 2010 | 9.90% | 3.60% | 4.30% |
| 2011 | 5.80% | 3.60% | 6.40% |
| 2012 | 17.90% | 3.00% | 8.10% |
| 2013 | 12.50% | 8.70% | 7.00% |
| 2014 | 8.80% | 10.30% | 7.40% |
| 2015 | 2.40% | 8.80% | 6.20% |
| 2016 | 9.30% | 10.10% | 6.20% |
| 2017 | 9.60% | 8.50% | 5.70% |
| 2018 | 7.40% | 7.50% | 8.10% |
| 2019 | 5.30% | 6.80% | 8.50% |
| 2020 | 6.17% | 7.54% | 8.44% |
| 2021 | 19.70% | 9.20% | 9.30% |
| 2022 | -12.80% | 4.40% | 6.10% |
| 2023 | 9.50% | 4.90% | 5.90% |
| 2024 | 17.80% | 7.40% | 6.80% |
| 2025 | Not reported | Not reported | Not reported |