Indiana Police and Fire — assets, returns and funding
Pensions: all tracked plans · Australian super in numbers · Private market performance · the PE statistics · what plans disclose · where they diverge
Indiana Police and Fire (Indiana) reported $9.2bn of assets for fiscal year 2025, a one-year investment return of 11.0%, and was 88.1% funded — around the ~80% mark the industry reads as sound.
| Total assets (FY 2025) | $9.2bn |
| 1-year return | 11.0% |
| 5-year return (annualised) | 7.5% |
| 10-year return (annualised) | 6.5% |
| Funded ratio (GASB) | 88.1% |
How the money is invested (asset allocation)
Indiana Police and Fire held 27.9% of its assets in fixed income (bonds) and 23.5% in hedge funds for fiscal year 2025 — the largest of 7 sleeves it reports, with the rest below:
| Fixed income (bonds) | 27.9% |
| Hedge funds | 23.5% |
| Public equities | 17.4% |
| Private equity | 14.2% |
| Real estate | 8.7% |
| Commodities | 8.0% |
| Cash | 0.3% |
Compare Indiana Police and Fire with similar plans
The plans most worth reading Indiana Police and Fire 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 |
|---|---|---|---|---|
| Indiana Teachers | $19.3bn | 11.0% | 80.5% | Same state — Indiana |
| Indiana PERF | $17.0bn | 11.0% | 83.7% | Same state — Indiana |
| Marion County (IN) Sheriffs | $242m | 11.0% | 84.0% | Same state — Indiana |
| Missouri State Employees | $9.4bn | 9.8% | 55.4% | Similar size |
| Rhode Island State and Teacher | $8.8bn | 8.4% | 66.2% | Similar size |
| Philadelphia (PA) Municipal | $9.5bn | 12.8% | 65.4% | Similar size |
Questions this page answers
How much does Indiana Police and Fire have in assets?
Indiana Police and Fire reported $9.2bn in total assets for fiscal year 2025, as compiled by the Public Plans Database.
What return did Indiana Police and Fire make on its investments?
Indiana Police and Fire reported a 11.0% one-year investment return for fiscal year 2025, and 6.5% a year over the past ten years, per the Public Plans Database.
Is Indiana Police and Fire fully funded?
Indiana Police and Fire was 88.1% funded for fiscal year 2025 — above 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 Indiana Police and Fire's money invested?
Indiana Police and Fire held 27.9% of its assets in fixed income (bonds) and 23.5% in hedge funds, its largest sleeves for fiscal year 2025 (Public Plans Database).
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.