Last verified 2026-10-01

Alabama ERS — assets, returns and funding

Q: How much does Alabama ERS have in assets?

Alabama ERS reported $17.9bn in total assets for fiscal year 2025, as compiled by the Public Plans Database.

Q: What return did Alabama ERS make on its investments?

Alabama ERS reported a 10.4% one-year investment return for fiscal year 2025, and 9.0% a year over the past ten years, per the Public Plans Database.

Q: Is Alabama ERS fully funded?

Alabama ERS was 65.9% funded for fiscal year 2025 — below the ~80% mark many treat as reasonably sound. US public plans face no federal funding minimum, and actuaries add that the trend matters more than any single line (Public Plans Database).

Q: How is Alabama ERS's money invested?

Alabama ERS held 69.2% of its assets in public equities and 22.5% in fixed income (bonds), its largest sleeves for fiscal year 2025 (Public Plans Database).

Pensions: all tracked plans · Australian super in numbers · Private market performance · the PE statistics · what plans disclose · where they diverge

Newest reported year for this plan: fiscal year 2025 — public plans publish audited figures 6–12 months after year end, and the database compiles them in batches, so this is the current public record, not a stale copy.

Alabama ERS (Alabama) reported $17.9bn of assets for fiscal year 2025, a one-year investment return of 10.4%, and was 65.9% funded — below the ~80% mark the industry reads as sound.

Total assets (FY 2025)	$17.9bn
1-year return	10.4%
5-year return (annualised)	9.9%
10-year return (annualised)	9.0%
Funded ratio (GASB)	65.9%

How the money is invested (asset allocation)

Alabama ERS held 69.2% of its assets in public equities and 22.5% in fixed income (bonds) for fiscal year 2025 — the largest of 5 sleeves it reports, with the rest below:

Public equities	69.2%
Fixed income (bonds)	22.5%
Real estate	8.2%
Private equity	0.0%
Hedge funds	0.0%

The plans most worth reading Alabama ERS against — similar in size, or invested in the same managers — side by side, each with its own page for the detail:

Plan	Assets	1-yr return	Funded ratio	Why comparable
Alabama Teachers	$34.6bn	10.2%	68.4%	Same state — Alabama
Birmingham (AL) RRS	$1.1bn	10.4%	—	Same state — Alabama
Birmingham (AL) Police and Fire	$19m	9.8%	—	Same state — Alabama
Arizona Public Safety	$18.2bn	11.1%	71.1%	Similar size
Nebraska Schools	$18.5bn	11.7%	102.1%	Similar size
Louisiana SERS	$17.2bn	12.4%	74.5%	Similar size

Questions this page answers

How much does Alabama ERS have in assets?

Alabama ERS reported $17.9bn in total assets for fiscal year 2025, as compiled by the Public Plans Database.

What return did Alabama ERS make on its investments?

Alabama ERS reported a 10.4% one-year investment return for fiscal year 2025, and 9.0% a year over the past ten years, per the Public Plans Database.

Is Alabama ERS fully funded?

Alabama ERS was 65.9% funded for fiscal year 2025 — below the ~80% mark many treat as reasonably sound. US public plans face no federal funding minimum, and actuaries add that the trend matters more than any single line (Public Plans Database).

How is Alabama ERS's money invested?

Alabama ERS held 69.2% of its assets in public equities and 22.5% in fixed income (bonds), its largest sleeves for fiscal year 2025 (Public Plans Database).

Figures as reported for fiscal year 2025 · Data: Public Plans Database (Center for Retirement Research at Boston College / MissionSquare Research Institute / NASRA) — used with attribution under its non-commercial terms · Refresh: quarterly pull, annual figures · Limitations: public plans report with a lag — FY figures arrive months after year end; returns are as reported by the plan, net/gross basis varies by plan

See also: all tracked plans · how the private-equity funds these plans invest in have actually performed, from the plans' own disclosures: private market performance, and where plans' numbers diverge on the same fund.