US public pension profile
New York Police Pension Fund Article 2
Funding, investment choices and long-term returns.
New York ·Fiscal year 2025
Fiscal year 2025 at a glance
- Market value of assets
- USD 56.3 billion
- Total membership
- 91,979
- Funded ratio
- 85.51%
- Assumed investment return
- 7.00%
Asset allocation in 2025
Returns to 2025
| One year | 9.31% |
|---|---|
| Five years | 9.22% |
| Ten years | 8.22% |
Size and funding over time
| Fiscal year | Market value of assets | Membership | Funded ratio | Return assumption |
|---|---|---|---|---|
| 2001 | USD 15.8 billion | Not reported | 104.54% | 8.00% |
| 2002 | USD 14.5 billion | Not reported | 96.66% | 8.00% |
| 2003 | USD 14.3 billion | Not reported | 91.51% | 8.00% |
| 2004 | USD 16.1 billion | Not reported | 80.14% | 8.00% |
| 2005 | USD 17.2 billion | Not reported | 75.51% | 8.00% |
| 2006 | USD 18.6 billion | Not reported | 69.50% | 8.00% |
| 2007 | USD 21.9 billion | Not reported | 68.90% | 8.00% |
| 2008 | USD 21.1 billion | Not reported | 70.80% | 8.00% |
| 2009 | USD 17.4 billion | Not reported | 71.30% | 8.00% |
| 2010 | USD 20.0 billion | Not reported | 60.10% | 8.00% |
| 2011 | USD 24.7 billion | Not reported | 61.10% | 7.00% |
| 2012 | USD 25.5 billion | 82,982 | 63.70% | 7.00% |
| 2013 | USD 29.0 billion | 83,727 | 66.80% | 7.00% |
| 2014 | USD 31.8 billion | 84,555 | 66.89% | 7.00% |
| 2015 | USD 32.4 billion | 85,168 | 68.64% | 7.00% |
| 2016 | USD 33.5 billion | 87,345 | 70.11% | 7.00% |
| 2017 | USD 35.4 billion | 88,288 | 71.62% | 7.00% |
| 2018 | USD 38.0 billion | 89,117 | 75.17% | 7.00% |
| 2019 | USD 40.1 billion | 89,265 | 79.26% | 7.00% |
| 2020 | USD 41.3 billion | 89,657 | 80.05% | 7.00% |
| 2021 | USD 51.3 billion | 90,407 | 83.37% | 7.00% |
| 2022 | USD 47.0 billion | 91,602 | 85.08% | 7.00% |
| 2023 | USD 49.6 billion | 91,979 | 85.51% | 7.00% |
| 2024 | USD 52.9 billion | 91,979 | 85.51% | 7.00% |
| 2025 | USD 56.3 billion | 91,979 | 85.51% | 7.00% |
Asset allocation over time
| Fiscal year | Public equity | Fixed income | Private equity | Real estate | Hedge funds | Cash |
|---|---|---|---|---|---|---|
| 2001 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2002 | 67.00% | 33.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2003 | 65.00% | 35.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2004 | 72.13% | 27.87% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2005 | 70.64% | 28.78% | 0.00% | 0.00% | 0.00% | 0.58% |
| 2006 | 71.04% | 28.70% | 0.00% | 0.00% | 0.00% | 0.26% |
| 2007 | 72.51% | 27.36% | 0.00% | 0.00% | 0.00% | 0.13% |
| 2008 | 70.74% | 29.13% | 0.00% | 0.00% | 0.00% | 0.13% |
| 2009 | 66.86% | 32.97% | 0.00% | 0.00% | 0.00% | 0.17% |
| 2010 | 66.16% | 33.77% | 0.00% | 0.00% | 0.00% | 0.07% |
| 2011 | 68.07% | 31.89% | 0.00% | 0.00% | 0.00% | 0.04% |
| 2012 | 66.97% | 32.88% | 0.00% | 0.00% | 0.00% | 0.15% |
| 2013 | 74.02% | 25.92% | 0.00% | 0.00% | 0.00% | 0.06% |
| 2014 | 76.14% | 23.71% | 0.00% | 0.00% | 0.00% | 0.15% |
| 2015 | 52.63% | 31.64% | 7.05% | 4.64% | 3.75% | 0.00% |
| 2016 | 51.23% | 31.86% | 6.87% | 5.15% | 3.61% | 0.94% |
| 2017 | 51.86% | 30.75% | 6.19% | 4.75% | 5.34% | 0.71% |
| 2018 | 44.19% | 37.97% | 6.30% | 4.72% | 5.14% | 1.05% |
| 2019 | 44.62% | 35.50% | 6.27% | 4.95% | 6.68% | 0.98% |
| 2020 | 41.22% | 58.78% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2021 | 41.80% | 58.20% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2022 | 42.36% | 32.02% | 9.87% | 6.86% | 5.31% | 0.99% |
| 2023 | 42.85% | 31.93% | 9.11% | 6.91% | 5.40% | 0.73% |
| 2024 | 37.14% | 37.06% | 10.55% | 6.27% | 5.59% | 0.85% |
| 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 | -8.38% | Not reported | Not reported |
| 2002 | -7.87% | Not reported | Not reported |
| 2003 | 3.00% | Not reported | Not reported |
| 2004 | 17.04% | 2.18% | 9.88% |
| 2005 | 10.28% | 2.36% | 9.11% |
| 2006 | 10.65% | 6.27% | 8.44% |
| 2007 | 18.88% | 11.83% | 8.13% |
| 2008 | -4.83% | 10.07% | 5.65% |
| 2009 | -18.63% | 2.35% | 2.27% |
| 2010 | 13.74% | 2.98% | 2.67% |
| 2011 | 23.26% | 5.23% | 5.75% |
| 2012 | 0.87% | 1.83% | 6.71% |
| 2013 | 12.28% | 5.26% | 7.64% |
| 2014 | 17.74% | 13.33% | 7.70% |
| 2015 | 4.09% | 11.34% | 7.08% |
| 2016 | 1.44% | 7.08% | 6.15% |
| 2017 | 13.42% | 9.63% | 5.66% |
| 2018 | 9.62% | 9.11% | 7.16% |
| 2019 | 7.18% | 7.07% | 10.16% |
| 2020 | 4.89% | 7.23% | 9.27% |
| 2021 | 26.73% | 12.11% | 9.57% |
| 2022 | -6.71% | 7.82% | 8.72% |
| 2023 | 8.62% | 7.62% | 8.36% |
| 2024 | 10.73% | 8.32% | 7.69% |
| 2025 | 9.31% | 9.22% | 8.22% |