US public pension profile· SCRS
South Carolina Retirement System
Funding, investment choices and long-term returns.
South Carolina ·Fiscal year 2025
SCRS: fiscal year 2025 at a glance
- Market value of assets
- USD 42.3 billion
- Total membership
- 618,333
- Funded ratio
- 63.39%
- Assumed investment return
- 7.00%
Asset allocation in 2025
| Public equity | 45.00% |
|---|---|
| Fixed income | 1.66% |
| Private equity | 20.84% |
| Real estate | 10.39% |
| Hedge funds | 9.85% |
| Cash | 12.26% |
Returns to 2025
| One year | 11.34% |
|---|---|
| Five years | 10.84% |
| Ten years | 7.65% |
SCRS: size and funding over time
| Fiscal year | Market value of assets | Membership | Funded ratio | Return assumption |
|---|---|---|---|---|
| 2001 | USD 18.7 billion | 403,982 | 87.40% | 7.25% |
| 2002 | USD 18.5 billion | 409,543 | 86.00% | 7.25% |
| 2003 | USD 19.8 billion | 412,203 | 82.80% | 7.25% |
| 2004 | USD 21.0 billion | 418,152 | 80.30% | 7.25% |
| 2005 | USD 21.8 billion | 424,577 | 71.60% | 7.25% |
| 2006 | USD 22.3 billion | 432,997 | 69.60% | 7.25% |
| 2007 | USD 24.5 billion | 442,342 | 69.70% | 7.25% |
| 2008 | USD 23.2 billion | 452,380 | 69.30% | 8.00% |
| 2009 | USD 17.8 billion | 457,332 | 67.80% | 8.00% |
| 2010 | USD 19.7 billion | 458,504 | 65.50% | 8.00% |
| 2011 | USD 22.4 billion | 461,069 | 67.40% | 7.50% |
| 2012 | USD 21.5 billion | 461,748 | 64.70% | 7.50% |
| 2013 | USD 22.8 billion | 468,617 | 62.50% | 7.50% |
| 2014 | USD 25.7 billion | 476,683 | 62.74% | 7.50% |
| 2015 | USD 25.1 billion | 486,467 | 62.03% | 7.50% |
| 2016 | USD 24.0 billion | 498,584 | 59.52% | 7.50% |
| 2017 | USD 25.7 billion | 510,318 | 56.31% | 7.25% |
| 2018 | USD 26.4 billion | 521,395 | 55.05% | 7.25% |
| 2019 | USD 27.2 billion | 535,669 | 54.41% | 7.25% |
| 2020 | USD 26.3 billion | 546,201 | 54.11% | 7.25% |
| 2021 | USD 33.5 billion | 554,511 | 55.18% | 7.00% |
| 2022 | USD 32.2 billion | 568,356 | 56.65% | 7.00% |
| 2023 | USD 34.3 billion | 587,070 | 57.90% | 7.00% |
| 2024 | USD 37.9 billion | 604,290 | 59.57% | 7.00% |
| 2025 | USD 42.3 billion | 618,333 | 63.39% | 7.00% |
SCRS: asset allocation over time
| Fiscal year | Public equity | Fixed income | Private equity | Real estate | Hedge funds | Cash |
|---|---|---|---|---|---|---|
| 2001 | 22.28% | 77.72% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2002 | 26.81% | 73.19% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2003 | 35.22% | 64.78% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2004 | 42.75% | 57.25% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2005 | 41.79% | 57.05% | 0.00% | 0.00% | 0.00% | 1.16% |
| 2006 | 49.26% | 49.72% | 0.00% | 0.00% | 0.00% | 1.02% |
| 2007 | 50.00% | 50.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2008 | 47.90% | 41.60% | 1.00% | 0.00% | 8.70% | 0.80% |
| 2009 | 32.84% | 34.79% | 2.54% | 0.63% | 16.10% | 13.10% |
| 2010 | 27.30% | 27.40% | 4.30% | 0.60% | 26.20% | 14.20% |
| 2011 | 32.40% | 22.40% | 7.10% | 0.80% | 28.10% | 7.30% |
| 2012 | 24.30% | 18.00% | 9.10% | 2.50% | 27.90% | 15.50% |
| 2013 | 28.25% | 23.31% | 9.58% | 3.69% | 21.81% | 10.66% |
| 2014 | 30.86% | 16.63% | 14.63% | 3.61% | 25.45% | 6.71% |
| 2015 | 32.30% | 15.93% | 14.51% | 3.96% | 26.76% | 3.57% |
| 2016 | 31.72% | 13.87% | 15.48% | 7.06% | 25.60% | 2.10% |
| 2017 | 35.08% | 15.20% | 13.53% | 7.17% | 20.45% | 1.95% |
| 2018 | 36.38% | 15.10% | 13.35% | 8.47% | 16.90% | 0.89% |
| 2019 | 37.26% | 14.76% | 13.43% | 8.89% | 16.42% | 6.28% |
| 2020 | 42.95% | 11.80% | 13.82% | 7.83% | 10.92% | 11.61% |
| 2021 | 48.88% | 7.78% | 18.24% | 9.62% | 11.70% | 3.78% |
| 2022 | 39.56% | 5.61% | 23.86% | 13.41% | 13.34% | 4.23% |
| 2023 | 42.94% | 4.56% | 22.52% | 11.17% | 12.15% | 6.66% |
| 2024 | 45.42% | 2.88% | 21.85% | 10.35% | 10.96% | 8.54% |
| 2025 | 45.00% | 1.66% | 20.84% | 10.39% | 9.85% | 12.26% |
SCRS: investment returns
Each year shows the return over the preceding one, five and ten years.
| Fiscal year | One year | Five years | Ten years |
|---|---|---|---|
| 2001 | 7.52% | 7.26% | Not reported |
| 2002 | 0.93% | 5.53% | Not reported |
| 2003 | 8.98% | 4.89% | Not reported |
| 2004 | 8.79% | 6.07% | 7.64% |
| 2005 | 7.03% | 6.53% | 6.88% |
| 2006 | 5.11% | 6.13% | 6.86% |
| 2007 | 13.35% | 8.84% | 7.02% |
| 2008 | -2.56% | 6.25% | 5.53% |
| 2009 | -19.04% | 0.16% | 3.06% |
| 2010 | 14.62% | 1.48% | 3.95% |
| 2011 | 18.59% | 3.95% | 5.02% |
| 2012 | 0.64% | 1.46% | 4.98% |
| 2013 | 9.99% | 3.76% | 4.98% |
| 2014 | 15.29% | 11.48% | 5.60% |
| 2015 | 1.60% | 8.87% | 5.18% |
| 2016 | -0.39% | 5.19% | 4.61% |
| 2017 | 11.88% | 7.50% | 4.48% |
| 2018 | 7.82% | 7.07% | 5.40% |
| 2019 | 5.84% | 5.26% | 8.33% |
| 2020 | -1.58% | 4.59% | 6.71% |
| 2021 | 28.57% | 10.07% | 7.60% |
| 2022 | -0.97% | 7.38% | 7.43% |
| 2023 | 6.83% | 7.19% | 7.11% |
| 2024 | 10.49% | 8.14% | 6.66% |
| 2025 | 11.34% | 10.84% | 7.65% |