The Public Fund Survey is intended to promote sound public retirement system policies and administration by increasing transparency and understanding of the public retirement system community. More than 85 percent of all state and local government pension assets and members in the U.S. are represented in the Public Fund Survey. Survey data is taken primarily from retirement system annual financial reports, and also comes from actuarial valuations, benefits guides, and interviews with retirement system staff members.

 

 

 
Public Fund Scorecard
An Executive Summary of the Public Fund Survey as of 11/23/2014
Survey Statistical Summary
Systems in the Public Fund Survey:
99
Combined Market Value of System Assets (trillion):
$2.63
Active Member Participants:
12,939,914
Annuitants:
7,843,023
Median Fiscal Year-End Date:
06/30/12
Actuarial Funding
Aggregate for the 126 Plans in the Survey
Actuarial
Funding
Ratio
Actuarial
Assets
(000's)
Actuarial
Liabilities
(000's)
Unfunded
Liability
(Surplus)
(000's)
73.3%
$2,669,477,416
$3,640,152,992
$970,675,576
Actuarial Assumptions
Median for the 126 Plans in the Survey
Investment
Return
Assumption
Inflation
Assumption
Assumed
Real Rate
of Return
Actuarial
Valuation
Date
7.9%
3.0%
4.50%
12/31/11
Asset Allocation
Average for the 98 Systems for which data is available
EQ
FX
RE
AL
Cash
Other
49.7%
25.2%
7.0%
15.4%
1.8%
0.9%
EQ=Equities
FX=Fixed Income
AL=Alternatives
RE=Real Estate

Summary of Findings for FY 11 (without appendices)