US public pension profile· Ohio Police & Fire
Ohio Police & Fire Pension Fund
Funding, investment choices and long-term returns.
Ohio ·Fiscal year 2025
Ohio Police & Fire: fiscal year 2025 at a glance
- Market value of assets
- USD 20.4 billion
- Total membership
- 63,489
- Funded ratio
- 67.18%
- Assumed investment return
- 7.50%
Asset allocation in 2025
| Public equity | 44.37% |
|---|---|
| Fixed income | 17.56% |
| Private equity | 8.51% |
| Real estate | 9.16% |
| Hedge funds | 2.96% |
| Cash | 10.83% |
Returns to 2025
| One year | 18.52% |
|---|---|
| Five years | 9.66% |
| Ten years | 9.84% |
Ohio Police & Fire: size and funding over time
| Fiscal year | Market value of assets | Membership | Funded ratio | Return assumption |
|---|---|---|---|---|
| 2001 | USD 8.3 billion | 50,949 | 92.75% | 8.25% |
| 2002 | USD 7.2 billion | 51,886 | 82.63% | 8.25% |
| 2003 | USD 8.7 billion | 52,424 | 86.47% | 8.25% |
| 2004 | USD 9.5 billion | 52,615 | 80.88% | 8.25% |
| 2005 | USD 10.0 billion | 52,299 | 78.35% | 8.25% |
| 2006 | USD 11.2 billion | 52,650 | 78.20% | 8.25% |
| 2007 | USD 11.9 billion | 53,285 | 81.70% | 8.25% |
| 2008 | USD 7.8 billion | 53,746 | 65.10% | 8.25% |
| 2009 | USD 9.1 billion | 54,366 | 72.80% | 8.25% |
| 2010 | USD 10.1 billion | 54,332 | 69.40% | 8.25% |
| 2011 | USD 9.7 billion | 54,298 | 63.10% | 8.25% |
| 2012 | USD 10.6 billion | 57,332 | 64.20% | 8.25% |
| 2013 | USD 11.9 billion | 57,549 | 66.70% | 8.25% |
| 2014 | USD 13.5 billion | 58,919 | 70.83% | 8.25% |
| 2015 | USD 12.9 billion | 59,573 | 71.35% | 8.25% |
| 2016 | USD 13.7 billion | 60,402 | 69.80% | 8.00% |
| 2017 | USD 15.0 billion | 61,379 | 69.87% | 8.00% |
| 2018 | USD 13.9 billion | 62,346 | 69.38% | 8.00% |
| 2019 | USD 15.6 billion | 63,203 | 69.68% | 8.00% |
| 2020 | USD 16.4 billion | 63,666 | 71.20% | 8.00% |
| 2021 | USD 18.8 billion | 60,440 | 69.73% | 7.50% |
| 2022 | USD 16.1 billion | 61,428 | 70.02% | 7.50% |
| 2023 | USD 16.9 billion | 62,290 | 68.14% | 7.50% |
| 2024 | USD 17.9 billion | 63,489 | 67.18% | 7.50% |
| 2025 | USD 20.4 billion | 63,489 | 67.18% | 7.50% |
Ohio Police & Fire: asset allocation over time
| Fiscal year | Public equity | Fixed income | Private equity | Real estate | Hedge funds | Cash |
|---|---|---|---|---|---|---|
| 2001 | 63.47% | 24.04% | 1.10% | 8.23% | 0.00% | 3.16% |
| 2002 | 63.54% | 23.96% | 1.10% | 8.24% | 0.00% | 3.16% |
| 2003 | 67.77% | 18.75% | 1.35% | 6.86% | 0.00% | 5.27% |
| 2004 | 69.75% | 16.99% | 1.92% | 6.62% | 0.00% | 4.72% |
| 2005 | 68.31% | 19.05% | 2.17% | 6.47% | 0.00% | 4.00% |
| 2006 | 67.90% | 18.42% | 2.47% | 6.19% | 0.00% | 5.02% |
| 2007 | 65.23% | 20.09% | 2.73% | 8.33% | 0.00% | 3.62% |
| 2008 | 60.68% | 20.59% | 3.55% | 10.27% | 0.00% | 4.91% |
| 2009 | 67.34% | 19.01% | 3.38% | 6.46% | 0.00% | 3.82% |
| 2010 | 63.88% | 21.44% | 3.23% | 6.60% | 0.00% | 4.85% |
| 2011 | 59.03% | 22.84% | 3.59% | 8.90% | 0.00% | 5.64% |
| 2012 | 52.75% | 23.05% | 5.09% | 9.61% | 0.00% | 8.96% |
| 2013 | 50.89% | 24.80% | 9.22% | 9.43% | 0.00% | 4.59% |
| 2014 | 45.19% | 25.54% | 10.60% | 10.30% | 0.00% | 7.05% |
| 2015 | 40.19% | 26.16% | 10.87% | 11.22% | 0.00% | 9.86% |
| 2016 | 40.26% | 28.21% | 12.67% | 10.90% | 0.00% | 5.90% |
| 2017 | 40.12% | 27.37% | 13.43% | 11.10% | 0.00% | 5.87% |
| 2018 | 36.05% | 28.82% | 14.04% | 12.08% | 0.00% | 6.43% |
| 2019 | 39.44% | 28.51% | 11.84% | 10.70% | 0.00% | 6.62% |
| 2020 | 38.92% | 26.53% | 12.59% | 9.76% | 0.00% | 8.89% |
| 2021 | 38.83% | 24.43% | 13.09% | 9.69% | 0.00% | 10.29% |
| 2022 | 37.64% | 25.59% | 11.50% | 11.45% | 0.00% | 8.21% |
| 2023 | 36.80% | 23.06% | 10.65% | 10.27% | 2.57% | 10.53% |
| 2024 | 43.78% | 17.76% | 9.92% | 10.13% | 2.98% | 9.06% |
| 2025 | 44.37% | 17.56% | 8.51% | 9.16% | 2.96% | 10.83% |
Ohio Police & Fire: investment returns
Each year shows the return over the preceding one, five and ten years.
| Fiscal year | One year | Five years | Ten years |
|---|---|---|---|
| 2001 | -3.88% | 7.60% | Not reported |
| 2002 | -9.90% | 2.09% | Not reported |
| 2003 | 24.96% | 4.03% | Not reported |
| 2004 | 13.29% | 3.93% | Not reported |
| 2005 | 8.82% | 5.91% | Not reported |
| 2006 | 16.15% | 10.04% | Not reported |
| 2007 | 10.47% | 14.62% | Not reported |
| 2008 | -28.06% | 2.64% | Not reported |
| 2009 | 20.73% | 3.98% | Not reported |
| 2010 | 15.83% | 5.24% | 5.59% |
| 2011 | 2.56% | 2.65% | 6.27% |
| 2012 | 14.89% | 3.46% | 8.89% |
| 2013 | 16.94% | 14.13% | 8.17% |
| 2014 | 6.79% | 11.36% | 7.53% |
| 2015 | 0.65% | 8.27% | 6.69% |
| 2016 | 11.51% | 10.09% | 6.26% |
| 2017 | 14.30% | 9.88% | 6.62% |
| 2018 | -1.78% | 6.13% | 10.00% |
| 2019 | 17.89% | 8.16% | 9.73% |
| 2020 | 9.21% | 9.95% | 9.09% |
| 2021 | 20.48% | 11.62% | 10.86% |
| 2022 | -8.73% | 6.76% | 8.34% |
| 2023 | 9.52% | 9.05% | 7.63% |
| 2024 | 11.13% | 7.63% | 8.06% |
| 2025 | 18.52% | 9.66% | 9.84% |