US public pension profile· NHRS
New Hampshire Retirement System
Funding, investment choices and long-term returns.
New Hampshire ·Fiscal year 2025
NHRS: fiscal year 2025 at a glance
- Market value of assets
- USD 13.4 billion
- Total membership
- 119,770
- Funded ratio
- 71.67%
- Assumed investment return
- 6.75%
Asset allocation in 2025
| Public equity | 50.50% |
|---|---|
| Fixed income | 23.40% |
| Private equity | 0.00% |
| Real estate | 8.50% |
| Hedge funds | 0.00% |
| Cash | 0.00% |
Returns to 2025
| One year | 10.31% |
|---|---|
| Five years | 9.55% |
| Ten years | 7.73% |
NHRS: size and funding over time
| Fiscal year | Market value of assets | Membership | Funded ratio | Return assumption |
|---|---|---|---|---|
| 2001 | USD 4.0 billion | 63,105 | 84.97% | 9.00% |
| 2002 | USD 3.5 billion | 62,857 | 82.06% | 9.00% |
| 2003 | USD 3.5 billion | 74,484 | 74.96% | 9.00% |
| 2004 | USD 3.9 billion | 74,484 | 71.09% | 9.00% |
| 2005 | USD 4.3 billion | 70,627 | 60.27% | 9.00% |
| 2006 | USD 4.7 billion | 72,556 | 61.35% | 8.50% |
| 2007 | USD 5.8 billion | 73,099 | 67.00% | 8.50% |
| 2008 | USD 5.4 billion | 75,281 | 67.80% | 8.50% |
| 2009 | USD 4.3 billion | 76,924 | 58.30% | 8.50% |
| 2010 | USD 4.8 billion | 77,827 | 58.50% | 8.50% |
| 2011 | USD 5.9 billion | 78,364 | 57.40% | 7.75% |
| 2012 | USD 5.8 billion | 78,451 | 56.10% | 7.75% |
| 2013 | USD 6.4 billion | 86,951 | 56.70% | 7.75% |
| 2014 | USD 7.4 billion | 88,760 | 60.66% | 7.75% |
| 2015 | USD 7.5 billion | 89,851 | 59.18% | 7.75% |
| 2016 | USD 7.4 billion | 92,158 | 59.97% | 7.25% |
| 2017 | USD 8.3 billion | 96,338 | 61.82% | 7.25% |
| 2018 | USD 8.8 billion | 99,007 | 63.57% | 7.25% |
| 2019 | USD 9.2 billion | 101,722 | 60.76% | 7.25% |
| 2020 | USD 9.1 billion | 104,512 | 61.00% | 7.25% |
| 2021 | USD 11.5 billion | 107,232 | 64.21% | 6.75% |
| 2022 | USD 10.7 billion | 110,809 | 65.58% | 6.75% |
| 2023 | USD 11.5 billion | 114,284 | 67.21% | 6.75% |
| 2024 | USD 12.3 billion | 117,971 | 68.63% | 6.75% |
| 2025 | USD 13.4 billion | 119,770 | 71.67% | 6.75% |
NHRS: asset allocation over time
| Fiscal year | Public equity | Fixed income | Private equity | Real estate | Hedge funds | Cash |
|---|---|---|---|---|---|---|
| 2001 | 54.80% | 26.10% | 0.00% | 9.50% | 0.00% | 0.00% |
| 2002 | 52.90% | 29.50% | 0.00% | 9.90% | 0.00% | 0.00% |
| 2003 | 55.00% | 27.40% | 0.00% | 9.20% | 0.00% | 0.00% |
| 2004 | 60.50% | 24.30% | 0.00% | 7.20% | 0.00% | 0.00% |
| 2005 | 61.30% | 23.10% | 0.00% | 7.40% | 0.00% | 0.00% |
| 2006 | 62.00% | 23.60% | 0.00% | 7.80% | 0.00% | 0.00% |
| 2007 | 60.30% | 28.20% | 0.00% | 6.70% | 0.00% | 0.00% |
| 2008 | 57.40% | 32.50% | 0.00% | 7.40% | 0.00% | 0.00% |
| 2009 | 59.20% | 32.30% | 0.00% | 6.20% | 0.00% | 0.00% |
| 2010 | 62.20% | 30.80% | 0.00% | 5.10% | 0.00% | 0.00% |
| 2011 | 64.50% | 27.80% | 0.00% | 5.60% | 0.00% | 0.00% |
| 2012 | 60.60% | 27.90% | 0.00% | 9.00% | 0.00% | 0.00% |
| 2013 | 64.40% | 23.10% | 0.00% | 9.00% | 0.00% | 0.00% |
| 2014 | 63.00% | 21.50% | 0.00% | 9.00% | 0.00% | 0.00% |
| 2015 | 57.70% | 23.40% | 0.00% | 9.10% | 0.00% | 0.00% |
| 2016 | 51.30% | 24.60% | 0.00% | 10.70% | 0.00% | 0.00% |
| 2017 | 51.80% | 23.10% | 0.00% | 9.90% | 0.00% | 0.00% |
| 2018 | 49.70% | 22.00% | 0.00% | 9.40% | 0.00% | 0.00% |
| 2019 | 47.00% | 24.30% | 0.00% | 10.20% | 0.00% | 0.00% |
| 2020 | 46.10% | 23.40% | 0.00% | 11.00% | 0.00% | 0.00% |
| 2021 | 50.35% | 19.84% | 0.00% | 10.07% | 0.00% | 0.00% |
| 2022 | 45.90% | 19.40% | 0.00% | 13.60% | 0.00% | 0.00% |
| 2023 | 48.70% | 19.80% | 0.00% | 11.50% | 0.00% | 0.00% |
| 2024 | 52.00% | 19.20% | 0.00% | 9.50% | 0.00% | 0.00% |
| 2025 | 50.50% | 23.40% | 0.00% | 8.50% | 0.00% | 0.00% |
NHRS: investment returns
Each year shows the return over the preceding one, five and ten years.
| Fiscal year | One year | Five years | Ten years |
|---|---|---|---|
| 2001 | -6.70% | 10.80% | Not reported |
| 2002 | -6.40% | 5.60% | Not reported |
| 2003 | 2.50% | 2.80% | Not reported |
| 2004 | 14.90% | 2.80% | Not reported |
| 2005 | 10.10% | 2.50% | Not reported |
| 2006 | 10.00% | 5.60% | Not reported |
| 2007 | 16.00% | 10.40% | Not reported |
| 2008 | -4.60% | 8.90% | Not reported |
| 2009 | -18.10% | 1.80% | 2.10% |
| 2010 | 12.90% | 2.40% | 2.30% |
| 2011 | 23.00% | 4.70% | 5.20% |
| 2012 | 0.90% | 1.80% | 6.00% |
| 2013 | 14.50% | 5.60% | 7.20% |
| 2014 | 17.60% | 13.50% | 7.50% |
| 2015 | 3.50% | 11.60% | 6.90% |
| 2016 | 1.00% | 7.20% | 6.00% |
| 2017 | 13.50% | 9.80% | 5.70% |
| 2018 | 8.90% | 8.70% | 7.10% |
| 2019 | 6.70% | 6.40% | 9.90% |
| 2020 | 1.10% | 5.90% | 8.70% |
| 2021 | 29.40% | 11.30% | 9.30% |
| 2022 | -6.10% | 7.20% | 8.50% |
| 2023 | 8.20% | 7.10% | 7.90% |
| 2024 | 8.80% | 7.70% | 7.00% |
| 2025 | 10.31% | 9.55% | 7.73% |