US public pension profile
Tucson Supplemental Retirement System
Funding, investment choices and long-term returns.
Arizona ·Fiscal year 2025
Fiscal year 2025 at a glance
- Market value of assets
- USD 1.0 billion
- Total membership
- 6,860
- Funded ratio
- 78.97%
- Assumed investment return
- 6.75%
Asset allocation in 2025
Returns to 2025
| One year | 12.52% |
|---|---|
| Five years | 8.64% |
| Ten years | 8.01% |
Size and funding over time
| Fiscal year | Market value of assets | Membership | Funded ratio | Return assumption |
|---|---|---|---|---|
| 2001 | USD 0.5 billion | 5,131 | 95.00% | 8.00% |
| 2002 | USD 0.4 billion | 5,179 | 83.60% | 8.00% |
| 2003 | USD 0.4 billion | 5,231 | 76.30% | 8.00% |
| 2004 | USD 0.5 billion | 5,359 | 76.70% | 7.75% |
| 2005 | USD 0.6 billion | 5,550 | 77.60% | 7.75% |
| 2006 | USD 0.6 billion | 5,519 | 79.90% | 7.75% |
| 2007 | USD 0.7 billion | 5,567 | 83.10% | 7.75% |
| 2008 | USD 0.7 billion | 5,760 | 79.10% | 7.75% |
| 2009 | USD 0.5 billion | 5,745 | 77.40% | 7.75% |
| 2010 | USD 0.5 billion | 5,647 | 71.00% | 7.75% |
| 2011 | USD 0.6 billion | 5,545 | 67.30% | 7.75% |
| 2012 | USD 0.6 billion | 5,651 | 63.50% | 7.75% |
| 2013 | USD 0.6 billion | 5,725 | 63.30% | 7.75% |
| 2014 | USD 0.7 billion | 5,801 | 64.80% | 7.25% |
| 2015 | USD 0.7 billion | 5,802 | 69.20% | 7.25% |
| 2016 | USD 0.7 billion | 5,830 | 71.11% | 7.25% |
| 2017 | USD 0.8 billion | 5,880 | 74.08% | 7.25% |
| 2018 | USD 0.8 billion | 5,888 | 76.23% | 7.25% |
| 2019 | USD 0.8 billion | 6,088 | 72.85% | 7.00% |
| 2020 | USD 0.8 billion | 6,143 | 73.32% | 7.00% |
| 2021 | USD 1.0 billion | 6,165 | 76.10% | 7.00% |
| 2022 | USD 0.9 billion | 6,399 | 76.50% | 6.75% |
| 2023 | USD 0.9 billion | 6,655 | 75.00% | 6.75% |
| 2024 | USD 1.0 billion | 6,785 | 76.63% | 6.75% |
| 2025 | USD 1.0 billion | 6,860 | 78.97% | 6.75% |
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 | 66.26% | 28.82% | 0.00% | 4.92% | 0.00% | 0.00% |
| 2003 | 66.60% | 28.20% | 0.00% | 5.20% | 0.00% | 0.00% |
| 2004 | 69.77% | 25.32% | 0.00% | 4.90% | 0.00% | 0.00% |
| 2005 | 66.10% | 28.40% | 0.00% | 5.40% | 0.00% | 0.10% |
| 2006 | 63.70% | 28.50% | 0.00% | 7.80% | 0.00% | 0.00% |
| 2007 | 63.70% | 27.90% | 0.00% | 8.40% | 0.00% | 0.00% |
| 2008 | 63.70% | 27.90% | 0.00% | 8.40% | 0.00% | 0.00% |
| 2009 | 57.60% | 28.90% | 0.00% | 8.20% | 0.00% | 0.00% |
| 2010 | 59.20% | 29.00% | 0.00% | 6.10% | 0.00% | 0.10% |
| 2011 | 61.70% | 26.30% | 0.00% | 5.90% | 0.00% | 0.10% |
| 2012 | 59.20% | 25.50% | 0.00% | 8.50% | 0.00% | 0.10% |
| 2013 | 62.40% | 23.60% | 0.00% | 7.60% | 0.00% | 0.20% |
| 2014 | 64.20% | 22.10% | 0.00% | 7.50% | 0.00% | 0.30% |
| 2015 | 64.30% | 22.20% | 0.00% | 8.00% | 0.00% | 0.10% |
| 2016 | 57.40% | 26.70% | 0.00% | 8.80% | 0.00% | 0.30% |
| 2017 | 58.80% | 25.50% | 0.00% | 9.50% | 0.00% | 0.20% |
| 2018 | 60.50% | 25.60% | 0.00% | 9.50% | 0.00% | 0.10% |
| 2019 | 58.90% | 27.00% | 0.00% | 9.30% | 0.00% | 0.10% |
| 2020 | 60.36% | 28.23% | 0.00% | 9.31% | 0.00% | 2.00% |
| 2021 | 65.73% | 25.95% | 0.00% | 7.61% | 0.00% | 0.70% |
| 2022 | 54.25% | 26.13% | 0.00% | 14.41% | 0.00% | 0.00% |
| 2023 | 56.96% | 24.12% | 0.00% | 12.21% | 0.00% | 1.30% |
| 2024 | 60.04% | 24.08% | 0.00% | 10.59% | 0.00% | 0.10% |
| 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 | -8.10% | 9.50% | 10.70% |
| 2002 | -8.10% | 4.10% | 8.60% |
| 2003 | 3.30% | 1.50% | 7.90% |
| 2004 | 17.80% | 2.60% | 9.30% |
| 2005 | 9.30% | 2.40% | 8.40% |
| 2006 | 10.70% | 6.20% | 7.80% |
| 2007 | 17.19% | 11.50% | 7.80% |
| 2008 | -4.63% | 9.80% | 5.50% |
| 2009 | -20.96% | 1.30% | 2.00% |
| 2010 | 11.60% | 1.80% | 2.10% |
| 2011 | 23.19% | 4.00% | 5.10% |
| 2012 | 2.39% | 1.20% | 6.20% |
| 2013 | 14.84% | 5.00% | 7.40% |
| 2014 | 19.64% | 14.10% | 7.50% |
| 2015 | 4.60% | 12.60% | 7.10% |
| 2016 | 2.33% | 8.01% | 5.70% |
| 2017 | 14.77% | 11.04% | 6.00% |
| 2018 | 9.90% | 10.10% | 7.50% |
| 2019 | 6.20% | 7.00% | 10.20% |
| 2020 | 4.20% | 7.00% | 9.50% |
| 2021 | 27.14% | 11.90% | 9.94% |
| 2022 | -11.30% | 6.30% | 8.40% |
| 2023 | 9.20% | 6.60% | 8.30% |
| 2024 | 9.20% | 7.10% | 7.40% |
| 2025 | 12.52% | 8.64% | 8.01% |