Massachusetts SRS — assets, returns and funding
Pensions: all tracked plans · Australian super in numbers · Private market performance · the PE statistics · what plans disclose · where they diverge
Massachusetts SRS (Massachusetts) reported $40.9bn of assets for fiscal year 2025, a one-year investment return of 9.6%, and was 73.9% funded — below the ~80% mark the industry reads as sound.
| Total assets (FY 2025) | $40.9bn |
| 1-year return | 9.6% |
| 5-year return (annualised) | 9.7% |
| 10-year return (annualised) | 8.0% |
| Funded ratio (GASB) | 73.9% |
How the money is invested (asset allocation)
Massachusetts SRS held 39.7% of its assets in public equities and 22.7% in fixed income (bonds) for fiscal year 2025 — the largest of 7 sleeves it reports, with the rest below:
| Public equities | 39.7% |
| Fixed income (bonds) | 22.7% |
| Private equity | 16.6% |
| Real estate | 9.2% |
| Hedge funds | 8.6% |
| Commodities | 2.8% |
| Other assets | 0.5% |
Compare Massachusetts SRS with similar plans
The plans most worth reading Massachusetts SRS 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 |
|---|---|---|---|---|
| Massachusetts Teachers | $44.3bn | 9.6% | 63.3% | Same state — Massachusetts |
| Boston (MA) RS | $10.5bn | 8.9% | 76.1% | Same state — Massachusetts |
| New Jersey PERS | $41.0bn | 11.0% | 57.1% | Similar size |
| Utah Noncontributory | $40.3bn | 13.0% | 93.1% | Similar size |
| Texas ERS | $40.1bn | 8.9% | 74.4% | Similar size |
| Colorado School | $39.5bn | 14.1% | 66.1% | Similar size |
Questions this page answers
How much does Massachusetts SRS have in assets?
Massachusetts SRS reported $40.9bn in total assets for fiscal year 2025, as compiled by the Public Plans Database.
What return did Massachusetts SRS make on its investments?
Massachusetts SRS reported a 9.6% one-year investment return for fiscal year 2025, and 8.0% a year over the past ten years, per the Public Plans Database.
Is Massachusetts SRS fully funded?
Massachusetts SRS was 73.9% 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 Massachusetts SRS's money invested?
Massachusetts SRS held 39.7% of its assets in public equities and 22.7% in fixed income (bonds), 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.