US public pension profile
City of Miami General Employees and Sanitation Employees Plan
Funding, investment choices and long-term returns.
Florida ·Fiscal year 2025
Fiscal year 2025 at a glance
- Market value of assets
- USD 1.1 billion
- Total membership
- 4,267
- Funded ratio
- 71.54%
- Assumed investment return
- 7.15%
Asset allocation in 2025
| Public equity | 74.90% |
|---|---|
| Fixed income | 23.10% |
| Private equity | 0.00% |
| Real estate | 0.00% |
| Hedge funds | 0.00% |
| Cash | 2.00% |
Returns to 2025
| One year | 13.00% |
|---|---|
| Five years | 11.50% |
| Ten years | 10.30% |
Size and funding over time
| Fiscal year | Market value of assets | Membership | Funded ratio | Return assumption |
|---|---|---|---|---|
| 2001 | USD 0.6 billion | 3,526 | 103.06% | 8.10% |
| 2002 | USD 0.5 billion | 3,542 | 91.00% | 8.10% |
| 2003 | USD 0.5 billion | 3,451 | 81.00% | 8.10% |
| 2004 | USD 0.5 billion | 3,457 | 80.00% | 8.10% |
| 2005 | USD 0.6 billion | 3,441 | 79.00% | 8.10% |
| 2006 | USD 0.6 billion | 3,569 | 84.00% | 8.10% |
| 2007 | USD 0.7 billion | 3,616 | 86.00% | 8.10% |
| 2008 | USD 0.6 billion | 3,719 | 85.00% | 8.10% |
| 2009 | USD 0.5 billion | 3,755 | 83.00% | 8.10% |
| 2010 | USD 0.6 billion | 3,641 | 78.00% | 8.10% |
| 2011 | USD 0.5 billion | 3,646 | 71.08% | 8.00% |
| 2012 | USD 0.6 billion | 3,516 | 65.36% | 7.90% |
| 2013 | USD 0.6 billion | 3,523 | 64.28% | 7.80% |
| 2014 | USD 0.6 billion | 3,577 | 66.62% | 7.70% |
| 2015 | USD 0.6 billion | 3,713 | 67.38% | 7.60% |
| 2016 | USD 0.6 billion | 3,993 | 64.96% | 7.60% |
| 2017 | USD 0.7 billion | 4,158 | 65.80% | 7.60% |
| 2018 | USD 0.7 billion | 4,168 | 65.54% | 7.60% |
| 2019 | USD 0.7 billion | 4,169 | 66.13% | 7.60% |
| 2020 | USD 0.8 billion | 4,129 | 69.84% | 7.45% |
| 2021 | USD 0.9 billion | 4,099 | 74.51% | 7.45% |
| 2022 | USD 0.8 billion | 4,146 | 74.07% | 7.30% |
| 2023 | USD 0.9 billion | 4,173 | 72.57% | 7.30% |
| 2024 | USD 1.1 billion | 4,222 | 69.30% | 7.15% |
| 2025 | USD 1.1 billion | 4,267 | 71.54% | 7.15% |
Asset allocation over time
| Fiscal year | Public equity | Fixed income | Private equity | Real estate | Hedge funds | Cash |
|---|---|---|---|---|---|---|
| 2001 | 64.06% | 29.13% | 0.00% | 5.30% | 0.00% | 1.50% |
| 2002 | 59.60% | 33.20% | 0.00% | 6.30% | 0.00% | 0.90% |
| 2003 | 65.00% | 27.40% | 0.00% | 6.20% | 0.00% | 1.40% |
| 2004 | 65.40% | 27.50% | 0.00% | 5.80% | 0.00% | 1.30% |
| 2005 | 67.20% | 24.90% | 0.00% | 6.30% | 0.00% | 1.60% |
| 2006 | 67.30% | 22.60% | 0.00% | 7.10% | 0.00% | 3.00% |
| 2007 | 69.50% | 20.10% | 0.00% | 6.90% | 0.00% | 3.50% |
| 2008 | 63.30% | 25.20% | 0.00% | 7.90% | 0.00% | 3.60% |
| 2009 | 63.50% | 26.70% | 0.00% | 5.10% | 0.00% | 4.70% |
| 2010 | 62.30% | 29.10% | 0.00% | 5.50% | 0.00% | 3.10% |
| 2011 | 61.10% | 29.30% | 0.00% | 5.00% | 0.00% | 4.60% |
| 2012 | 63.76% | 26.93% | 0.00% | 3.50% | 0.00% | 5.81% |
| 2013 | 68.10% | 24.80% | 0.00% | 3.60% | 0.00% | 3.50% |
| 2014 | 68.90% | 23.50% | 0.00% | 3.70% | 0.00% | 3.90% |
| 2015 | 66.60% | 24.50% | 0.00% | 4.10% | 0.00% | 4.80% |
| 2016 | 67.80% | 23.90% | 0.00% | 4.50% | 0.00% | 3.80% |
| 2017 | 67.30% | 23.10% | 0.00% | 4.00% | 0.00% | 5.60% |
| 2018 | 71.20% | 25.30% | 0.00% | 0.00% | 0.00% | 3.50% |
| 2019 | 69.40% | 27.60% | 0.00% | 0.00% | 0.00% | 3.00% |
| 2020 | 68.90% | 26.70% | 0.00% | 0.00% | 0.00% | 4.40% |
| 2021 | 74.40% | 21.80% | 0.00% | 0.00% | 0.00% | 3.80% |
| 2022 | 71.00% | 26.10% | 0.00% | 0.00% | 0.00% | 2.90% |
| 2023 | 73.40% | 22.30% | 0.00% | 0.00% | 0.00% | 4.30% |
| 2024 | 74.90% | 23.00% | 0.00% | 0.00% | 0.00% | 2.10% |
| 2025 | 74.90% | 23.10% | 0.00% | 0.00% | 0.00% | 2.00% |
Investment returns
Each year shows the return over the preceding one, five and ten years.
| Fiscal year | One year | Five years | Ten years |
|---|---|---|---|
| 2001 | -10.40% | Not reported | Not reported |
| 2002 | -10.40% | 2.40% | Not reported |
| 2003 | 17.70% | 5.20% | Not reported |
| 2004 | 11.00% | 4.00% | Not reported |
| 2005 | 11.60% | 3.20% | Not reported |
| 2006 | 10.40% | 7.60% | Not reported |
| 2007 | 15.00% | 13.10% | Not reported |
| 2008 | -13.70% | 6.30% | Not reported |
| 2009 | -1.40% | 3.80% | Not reported |
| 2010 | 9.00% | 3.30% | 3.26% |
| 2011 | 1.50% | 1.60% | 4.56% |
| 2012 | 18.00% | 2.10% | 7.48% |
| 2013 | 12.40% | 7.70% | 6.98% |
| 2014 | 11.20% | 10.30% | 7.00% |
| 2015 | 0.20% | 8.50% | 5.85% |
| 2016 | 10.60% | 10.40% | 5.87% |
| 2017 | 13.20% | 9.50% | 5.71% |
| 2018 | 9.30% | 8.90% | 8.23% |
| 2019 | 7.10% | 8.00% | 9.13% |
| 2020 | 7.30% | 9.50% | 8.96% |
| 2021 | 21.40% | 11.50% | 10.93% |
| 2022 | -16.70% | 5.60% | 7.13% |
| 2023 | 15.30% | 6.30% | 7.41% |
| 2024 | 28.70% | 10.90% | 8.99% |
| 2025 | 13.00% | 11.50% | 10.30% |