US public pension profile· PERS of Mississippi
Public Employees’ Retirement System of Mississippi
Funding, investment choices and long-term returns.
Mississippi ·Fiscal year 2025
PERS of Mississippi: fiscal year 2025 at a glance
- Market value of assets
- USD 35.6 billion
- Total membership
- 370,240
- Funded ratio
- 56.75%
- Assumed investment return
- 7.00%
Asset allocation in 2025
| Public equity | 59.10% |
|---|---|
| Fixed income | 20.30% |
| Private equity | 11.00% |
| Real estate | 8.50% |
| Hedge funds | 0.40% |
| Cash | 0.70% |
Returns to 2025
| One year | 11.66% |
|---|---|
| Five years | 10.10% |
| Ten years | 8.57% |
PERS of Mississippi: size and funding over time
| Fiscal year | Market value of assets | Membership | Funded ratio | Return assumption |
|---|---|---|---|---|
| 2001 | USD 14.9 billion | 312,796 | 87.50% | 8.00% |
| 2002 | USD 13.8 billion | 319,594 | 83.40% | 8.00% |
| 2003 | USD 14.0 billion | 326,931 | 79.00% | 8.00% |
| 2004 | USD 15.7 billion | 333,670 | 74.90% | 8.00% |
| 2005 | USD 16.9 billion | 345,288 | 72.40% | 8.00% |
| 2006 | USD 18.3 billion | 342,559 | 73.50% | 8.00% |
| 2007 | USD 21.4 billion | 356,690 | 73.70% | 8.00% |
| 2008 | USD 19.3 billion | 365,281 | 72.90% | 8.00% |
| 2009 | USD 15.1 billion | 369,789 | 67.30% | 8.00% |
| 2010 | USD 16.8 billion | 373,307 | 64.20% | 8.00% |
| 2011 | USD 20.4 billion | 374,151 | 62.20% | 8.00% |
| 2012 | USD 19.8 billion | 380,281 | 58.00% | 8.00% |
| 2013 | USD 21.7 billion | 382,653 | 57.70% | 8.00% |
| 2014 | USD 24.9 billion | 387,417 | 60.98% | 8.00% |
| 2015 | USD 24.9 billion | 390,579 | 60.42% | 7.75% |
| 2016 | USD 24.1 billion | 396,222 | 59.97% | 7.75% |
| 2017 | USD 26.5 billion | 321,494 | 61.08% | 7.75% |
| 2018 | USD 27.8 billion | 325,001 | 61.84% | 7.75% |
| 2019 | USD 28.2 billion | 332,512 | 60.91% | 7.75% |
| 2020 | USD 27.8 billion | 338,383 | 60.46% | 7.75% |
| 2021 | USD 35.2 billion | 342,744 | 61.29% | 7.75% |
| 2022 | USD 30.8 billion | 349,768 | 61.29% | 7.55% |
| 2023 | USD 31.6 billion | 357,875 | 56.07% | 7.00% |
| 2024 | USD 33.4 billion | 365,123 | 55.86% | 7.00% |
| 2025 | USD 35.6 billion | 370,240 | 56.75% | 7.00% |
PERS of Mississippi: asset allocation over time
| Fiscal year | Public equity | Fixed income | Private equity | Real estate | Hedge funds | Cash |
|---|---|---|---|---|---|---|
| 2001 | 66.20% | 33.50% | 0.00% | 0.00% | 0.00% | 0.30% |
| 2002 | 61.30% | 38.10% | 0.00% | 0.00% | 0.00% | 0.60% |
| 2003 | 60.40% | 38.10% | 0.00% | 1.20% | 0.00% | 0.30% |
| 2004 | 63.20% | 26.90% | 0.00% | 1.90% | 0.00% | 8.00% |
| 2005 | 72.50% | 24.40% | 0.00% | 2.80% | 0.00% | 0.30% |
| 2006 | 73.10% | 22.20% | 0.00% | 3.90% | 0.00% | 0.80% |
| 2007 | 74.80% | 20.30% | 0.00% | 4.00% | 0.00% | 0.90% |
| 2008 | 70.60% | 23.70% | 0.00% | 4.70% | 0.00% | 1.00% |
| 2009 | 68.50% | 26.20% | 0.10% | 4.40% | 0.10% | 0.70% |
| 2010 | 68.70% | 25.40% | 0.50% | 4.60% | 0.10% | 0.70% |
| 2011 | 70.00% | 22.00% | 1.00% | 6.00% | 0.00% | 1.00% |
| 2012 | 64.00% | 25.00% | 2.00% | 8.00% | 0.00% | 1.00% |
| 2013 | 63.20% | 23.90% | 3.20% | 8.50% | 0.00% | 1.20% |
| 2014 | 66.00% | 20.00% | 4.00% | 9.00% | 0.00% | 1.00% |
| 2015 | 57.20% | 26.30% | 4.90% | 9.00% | 0.00% | 2.60% |
| 2016 | 53.60% | 29.10% | 5.60% | 9.50% | 0.00% | 2.20% |
| 2017 | 57.00% | 26.10% | 6.10% | 8.90% | 0.00% | 1.90% |
| 2018 | 53.19% | 25.39% | 6.46% | 8.90% | 0.00% | 6.06% |
| 2019 | 53.65% | 25.38% | 7.34% | 9.14% | 0.00% | 4.49% |
| 2020 | 55.96% | 23.34% | 7.75% | 8.64% | 0.00% | 4.31% |
| 2021 | 56.72% | 18.34% | 9.37% | 8.13% | 0.00% | 7.44% |
| 2022 | 53.90% | 20.30% | 12.90% | 12.20% | 0.00% | 0.70% |
| 2023 | 58.50% | 18.50% | 12.00% | 9.90% | 0.00% | 1.10% |
| 2024 | 57.70% | 20.80% | 11.70% | 8.70% | 0.10% | 1.00% |
| 2025 | 59.10% | 20.30% | 11.00% | 8.50% | 0.40% | 0.70% |
PERS of Mississippi: investment returns
Each year shows the return over the preceding one, five and ten years.
| Fiscal year | One year | Five years | Ten years |
|---|---|---|---|
| 2001 | -7.10% | 9.90% | Not reported |
| 2002 | -6.60% | 4.50% | Not reported |
| 2003 | 3.50% | 1.60% | Not reported |
| 2004 | 14.60% | 2.20% | Not reported |
| 2005 | 9.80% | 2.50% | Not reported |
| 2006 | 10.70% | 6.10% | Not reported |
| 2007 | 18.90% | 11.40% | Not reported |
| 2008 | -8.20% | 8.80% | Not reported |
| 2009 | -19.40% | 1.40% | Not reported |
| 2010 | 14.10% | 2.10% | 2.30% |
| 2011 | 25.40% | 4.70% | 5.42% |
| 2012 | 0.60% | 1.30% | 6.20% |
| 2013 | 13.40% | 5.60% | 7.18% |
| 2014 | 18.60% | 14.10% | 7.55% |
| 2015 | 3.40% | 11.90% | 6.90% |
| 2016 | 1.20% | 7.20% | 5.95% |
| 2017 | 14.96% | 10.08% | 5.59% |
| 2018 | 9.50% | 9.30% | 7.47% |
| 2019 | 6.87% | 7.06% | 10.53% |
| 2020 | 3.35% | 7.05% | 9.44% |
| 2021 | 32.71% | 13.03% | 10.07% |
| 2022 | -8.54% | 7.97% | 9.02% |
| 2023 | 7.76% | 7.63% | 8.47% |
| 2024 | 10.78% | 8.41% | 7.73% |
| 2025 | 11.66% | 10.10% | 8.57% |