Net Assets
$0B
As of Dec 31, 2025
Funding Ratio
0%
Fully funded 13 years
2025 Return
0%
Total-fund net return
Since Inception
0%
Annualized return
Total Members
0K
186,000 active · 160,000 retired
Benefits Paid
$0B
2025
Avg Starting Pension
$0K
Avg retirement age: 58.8
Investment Income
$0B
Net, 2025
Green Investments
$0B
Carbon reduction: 50%
Net Assets Growth ($ Billions)
Annual Return Landscape — Performance by Year
Each dot is a year. Green = beat benchmark. Red = underperformed. Dot size = net assets that year.
Annual Returns vs Benchmark (%)
Value Added vs Benchmark (%)
Multi-Year Returns (%)
1-Year6.7%
Benchmark: 11.7%-5%
5-Year6.6%
Benchmark: 8.8%-2.2%
10-Year6.8%
Benchmark: 7.9%-1.1%
Since Inception9.2%
Benchmark: 8%+1.2%
Geographic Allocation
United States38%
Canada31%
EMEA18%
Asia-Pacific8%
Latin America5%
Private Equity vs Venture Growth — Head to Head
Returns (%)
Capital Deployed ($ Billions)
PE dropped from $60.4B to $50.8B (-5.3% return in 2025) while Venture Growth surged from $10.4B to $15.3B (+30.2% return) — VC outperformed PE by 35.5 percentage points in 2025.
Equity Sub-Asset Breakdown ($ Billions)
Asset Allocation Shift Over Time (%)
2025 Asset Class Performance — Actual vs Benchmark (%)
Asset Class Returns — 2024 vs 2025 (%)
Financial Summary ($ Billions)
11-Year Financial Summary
| Year | Net Inv. Income | Total Income | Benefits Paid | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2015 | $19.67B | $22.98B | $5.54B | $0.43B | $171.4B |
| 2016 | $7B | $10.36B | $5.72B | $0.45B | $175.6B |
| 2017 | $16.98B | $20.37B | $5.93B | $0.47B | $189.5B |
| 2018 | $5.23B | $8.4B | $6.14B | $0.56B | $191.1B |
| 2019 | $20.19B | $23.41B | $6.42B | $0.61B | $207.4B |
| 2020 | $18.01B | $21.24B | $6.7B | $0.63B | $221.2B |
| 2021 | $24.71B | $28.06B | $6.91B | $0.73B | $241.6B |
| 2022 | $10.36B | $13.73B | $7.21B | $0.79B | $247.2B |
| 2023 | $5.53B | $8.88B | $7.69B | $0.83B | $247.5B |
| 2024 | $23.65B | $27.92B | $8.12B | $0.89B | $266.3B |
| 2025 | $18.46B | $22.53B | $8.45B | $0.93B | $279.4B |