US public pension profile· WV TRS
West Virginia Teachers’ Retirement System
Funding, investment choices and long-term returns.
West Virginia ·Fiscal year 2025
WV TRS: fiscal year 2025 at a glance
- Market value of assets
- USD 10.8 billion
- Total membership
- 85,746
- Funded ratio
- 85.92%
- Assumed investment return
- 7.25%
Asset allocation in 2025
| Public equity | 49.60% |
|---|---|
| Fixed income | 14.40% |
| Private equity | 0.00% |
| Real estate | 0.00% |
| Hedge funds | 11.00% |
| Cash | 0.30% |
Returns to 2025
| One year | 11.10% |
|---|---|
| Five years | 10.70% |
| Ten years | 8.70% |
WV TRS: size and funding over time
| Fiscal year | Market value of assets | Membership | Funded ratio | Return assumption |
|---|---|---|---|---|
| 2001 | USD 1.1 billion | 52,299 | 21.00% | 8.00% |
| 2002 | USD 1.1 billion | 51,279 | 19.20% | 7.50% |
| 2003 | USD 1.2 billion | 50,187 | 19.10% | 7.50% |
| 2004 | USD 1.4 billion | 49,039 | 22.20% | 7.50% |
| 2005 | USD 1.6 billion | 48,043 | 24.60% | 7.50% |
| 2006 | USD 2.2 billion | 49,474 | 31.60% | 7.50% |
| 2007 | USD 3.7 billion | 51,186 | 51.30% | 7.50% |
| 2008 | USD 3.4 billion | 66,073 | 50.00% | 7.50% |
| 2009 | USD 3.6 billion | 67,786 | 41.30% | 7.50% |
| 2010 | USD 4.1 billion | 68,838 | 46.50% | 7.50% |
| 2011 | USD 5.1 billion | 70,146 | 53.70% | 7.50% |
| 2012 | USD 5.1 billion | 71,264 | 53.00% | 7.50% |
| 2013 | USD 5.8 billion | 72,471 | 57.90% | 7.50% |
| 2014 | USD 6.7 billion | 73,873 | 66.17% | 7.50% |
| 2015 | USD 6.8 billion | 75,124 | 65.98% | 7.50% |
| 2016 | USD 6.5 billion | 76,376 | 65.41% | 7.50% |
| 2017 | USD 7.3 billion | 77,214 | 67.05% | 7.50% |
| 2018 | USD 7.7 billion | 77,988 | 69.57% | 7.50% |
| 2019 | USD 7.9 billion | 78,931 | 71.12% | 7.50% |
| 2020 | USD 7.8 billion | 79,780 | 72.76% | 7.50% |
| 2021 | USD 9.9 billion | 80,633 | 76.03% | 7.50% |
| 2022 | USD 9.0 billion | 81,723 | 78.43% | 7.25% |
| 2023 | USD 9.4 billion | 83,087 | 79.95% | 7.25% |
| 2024 | USD 10.1 billion | 84,569 | 83.41% | 7.25% |
| 2025 | USD 10.8 billion | 85,746 | 85.92% | 7.25% |
WV TRS: asset allocation over time
| Fiscal year | Public equity | Fixed income | Private equity | Real estate | Hedge funds | Cash |
|---|---|---|---|---|---|---|
| 2001 | 58.00% | 36.00% | 0.00% | 0.00% | 0.00% | 6.00% |
| 2002 | 57.00% | 36.00% | 0.00% | 0.00% | 0.00% | 7.00% |
| 2003 | 59.00% | 34.00% | 0.00% | 0.00% | 0.00% | 7.00% |
| 2004 | 58.00% | 36.00% | 0.00% | 0.00% | 0.00% | 6.00% |
| 2005 | 59.00% | 41.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2006 | 53.00% | 47.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2007 | 43.00% | 57.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2008 | 59.00% | 30.00% | 11.00% | 0.00% | 0.00% | 0.00% |
| 2009 | 50.80% | 30.00% | 7.80% | 0.50% | 10.90% | 0.00% |
| 2010 | 47.20% | 26.20% | 10.70% | 5.80% | 10.10% | 0.00% |
| 2011 | 48.60% | 30.60% | 9.90% | 2.40% | 8.50% | 0.00% |
| 2012 | 49.50% | 23.80% | 10.10% | 6.30% | 10.30% | 0.00% |
| 2013 | 50.10% | 22.40% | 9.50% | 8.00% | 10.00% | 0.00% |
| 2014 | 54.20% | 17.20% | 9.60% | 9.00% | 10.00% | 0.00% |
| 2015 | 53.60% | 15.70% | 9.70% | 10.40% | 10.60% | 0.00% |
| 2016 | 53.70% | 14.90% | 10.30% | 10.90% | 10.20% | 0.00% |
| 2017 | 52.30% | 15.40% | 10.30% | 10.60% | 11.40% | 0.00% |
| 2018 | 49.70% | 14.80% | 11.14% | 9.59% | 14.76% | 0.00% |
| 2019 | 49.90% | 12.80% | 11.73% | 10.10% | 15.47% | 0.00% |
| 2020 | 49.45% | 12.93% | 12.91% | 10.38% | 14.33% | 0.00% |
| 2021 | 49.69% | 13.64% | 13.75% | 8.74% | 13.38% | 0.80% |
| 2022 | 46.60% | 13.60% | 14.62% | 10.82% | 14.26% | 0.10% |
| 2023 | 47.30% | 14.10% | 0.00% | 0.00% | 10.00% | 0.80% |
| 2024 | 47.50% | 15.00% | 0.00% | 0.00% | 11.00% | 0.30% |
| 2025 | 49.60% | 14.40% | 0.00% | 0.00% | 11.00% | 0.30% |
WV TRS: investment returns
Each year shows the return over the preceding one, five and ten years.
| Fiscal year | One year | Five years | Ten years |
|---|---|---|---|
| 2001 | -0.30% | 6.60% | Not reported |
| 2002 | -3.00% | 4.30% | Not reported |
| 2003 | 4.80% | 3.20% | Not reported |
| 2004 | 15.10% | 4.80% | Not reported |
| 2005 | 10.60% | 5.20% | Not reported |
| 2006 | 9.60% | 7.20% | Not reported |
| 2007 | 17.40% | 11.40% | 7.80% |
| 2008 | -7.70% | 8.60% | 5.90% |
| 2009 | -16.10% | 2.00% | 3.40% |
| 2010 | 15.20% | 2.80% | 4.00% |
| 2011 | 20.50% | 4.80% | 6.00% |
| 2012 | 1.00% | 1.70% | 6.40% |
| 2013 | 13.00% | 5.90% | 7.20% |
| 2014 | 17.90% | 13.30% | 7.50% |
| 2015 | 4.00% | 11.00% | 6.80% |
| 2016 | -0.10% | 6.90% | 5.80% |
| 2017 | 15.70% | 9.90% | 5.70% |
| 2018 | 9.70% | 9.20% | 7.50% |
| 2019 | 6.00% | 6.90% | 10.10% |
| 2020 | 3.20% | 6.80% | 8.90% |
| 2021 | 32.00% | 12.90% | 9.90% |
| 2022 | -6.30% | 8.20% | 9.00% |
| 2023 | 8.50% | 8.00% | 8.60% |
| 2024 | 11.50% | 8.00% | 8.00% |
| 2025 | 11.10% | 10.70% | 8.70% |