Last verified 2026-10-01

Kentucky ERS — assets, returns and funding

Q: How much does Kentucky ERS have in assets?

Kentucky ERS reported $6.3bn in total assets for fiscal year 2025, as compiled by the Public Plans Database.

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

Kentucky ERS reported a 11.3% one-year investment return for fiscal year 2025, and 7.1% a year over the past ten years, per the Public Plans Database.

Q: Is Kentucky ERS fully funded?

Kentucky ERS was 32.1% funded for fiscal year 2025 — in the strained range, near 60% or below. 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 Kentucky ERS's money invested?

Kentucky ERS held 34.7% of its assets in public equities and 23.3% 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.

Kentucky ERS (Kentucky) reported $6.3bn of assets for fiscal year 2025, a one-year investment return of 11.3%, and was 32.1% funded — in the strained sub-60% range.

Total assets (FY 2025)	$6.3bn
1-year return	11.3%
5-year return (annualised)	8.9%
10-year return (annualised)	7.1%
Funded ratio (GASB)	32.1%

How the money is invested (asset allocation)

Kentucky ERS held 34.7% of its assets in public equities and 23.3% in fixed income (bonds) for fiscal year 2025 — the largest of 7 sleeves it reports, with the rest below:

Public equities	34.7%
Fixed income (bonds)	23.3%
Hedge funds	20.9%
Commodities	9.4%
Real estate	4.8%
Private equity	4.5%
Cash	2.4%

The plans most worth reading Kentucky 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
Kentucky Teachers	$28.4bn	12.3%	61.0%	Same state — Kentucky
Kentucky County	$14.4bn	11.7%	60.2%	Same state — Kentucky
Lexington-Fayette County (KY) Police and Fire	$1.0bn	10.9%	71.3%	Same state — Kentucky
Colorado Municipal	$6.5bn	14.1%	88.2%	Similar size
Alaska Teachers	$6.5bn	10.1%	77.9%	Similar size
Kern County (CA) ERS	$6.5bn	10.9%	72.3%	Similar size

Questions this page answers

How much does Kentucky ERS have in assets?

Kentucky ERS reported $6.3bn in total assets for fiscal year 2025, as compiled by the Public Plans Database.

What return did Kentucky ERS make on its investments?

Kentucky ERS reported a 11.3% one-year investment return for fiscal year 2025, and 7.1% a year over the past ten years, per the Public Plans Database.

Is Kentucky ERS fully funded?

Kentucky ERS was 32.1% funded for fiscal year 2025 — in the strained range, near 60% or below. 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 Kentucky ERS's money invested?

Kentucky ERS held 34.7% of its assets in public equities and 23.3% 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.