Last verified 2026-10-01

Maryland PERS — assets, returns and funding

Q: How much does Maryland PERS have in assets?

Maryland PERS reported $24.6bn in total assets for fiscal year 2025, as compiled by the Public Plans Database.

Q: What return did Maryland PERS make on its investments?

Maryland PERS reported a 9.8% one-year investment return for fiscal year 2025, and 7.0% a year over the past ten years, per the Public Plans Database.

Q: Is Maryland PERS fully funded?

Maryland PERS was 69.3% 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 Maryland PERS's money invested?

Maryland PERS held 31.2% of its assets in public equities and 20.5% in private equity, 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.

Maryland PERS (Maryland) reported $24.6bn of assets for fiscal year 2025, a one-year investment return of 9.8%, and was 69.3% funded — below the ~80% mark the industry reads as sound.

Total assets (FY 2025)	$24.6bn
1-year return	9.8%
5-year return (annualised)	8.3%
10-year return (annualised)	7.0%
Funded ratio (GASB)	69.3%

How the money is invested (asset allocation)

Maryland PERS held 31.2% of its assets in public equities and 20.5% in private equity for fiscal year 2025 — the largest of 7 sleeves it reports, with the rest below:

Public equities	31.2%
Private equity	20.5%
Fixed income (bonds)	15.7%
Hedge funds	14.3%
Real estate	9.5%
Commodities	4.9%
Cash	3.9%

The plans most worth reading Maryland PERS 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
Maryland Teachers	$44.2bn	9.8%	76.8%	Same state — Maryland
Montgomery County (MD) ERS	$5.1bn	9.2%	95.6%	Same state — Maryland
Baltimore (MD) Fire and Police	$3.5bn	10.9%	72.4%	Same state — Maryland
Montgomery County (MD) Schools	$2.6bn	12.1%	86.5%	Same state — Maryland
Baltimore (MD) City Employees	$2.3bn	9.5%	82.0%	Same state — Maryland
Oklahoma Teachers	$24.7bn	10.7%	80.0%	Similar size

Questions this page answers

How much does Maryland PERS have in assets?

Maryland PERS reported $24.6bn in total assets for fiscal year 2025, as compiled by the Public Plans Database.

What return did Maryland PERS make on its investments?

Maryland PERS reported a 9.8% one-year investment return for fiscal year 2025, and 7.0% a year over the past ten years, per the Public Plans Database.

Is Maryland PERS fully funded?

Maryland PERS was 69.3% 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 Maryland PERS's money invested?

Maryland PERS held 31.2% of its assets in public equities and 20.5% in private equity, 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.