Massachusetts Teachers — 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 Teachers (Massachusetts) reported $44.3bn of assets for fiscal year 2025, a one-year investment return of 9.6%, and was 63.3% funded — below the ~80% mark the industry reads as sound.
| Total assets (FY 2025) | $44.3bn |
| 1-year return | 9.6% |
| 5-year return (annualised) | 9.7% |
| 10-year return (annualised) | 8.0% |
| Funded ratio (GASB) | 63.3% |
How the money is invested (asset allocation)
Massachusetts Teachers 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 Teachers with similar plans
The plans most worth reading Massachusetts Teachers 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 SRS | $40.9bn | 9.6% | 73.9% | Same state — Massachusetts |
| Boston (MA) RS | $10.5bn | 8.9% | 76.1% | Same state — Massachusetts |
| Maryland Teachers | $44.2bn | 9.8% | 76.8% | Similar size |
| NY State & Local Police & Fire | $42.6bn | 5.8% | 88.5% | Similar size |
| Pennsylvania State ERS | $42.6bn | 13.7% | 71.7% | Similar size |
| South Carolina RS | $42.3bn | 11.3% | 63.4% | Similar size |
Questions this page answers
How much does Massachusetts Teachers have in assets?
Massachusetts Teachers reported $44.3bn in total assets for fiscal year 2025, as compiled by the Public Plans Database.
What return did Massachusetts Teachers make on its investments?
Massachusetts Teachers 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 Teachers fully funded?
Massachusetts Teachers was 63.3% 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 Massachusetts Teachers's money invested?
Massachusetts Teachers 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.