Investments

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View the 2025 Alternative Investments Annual Update

View the ERS Board Investment Policy

The assets of each defined benefit plan and the State Employees’ Assurance Department are pooled together for investment purposes only. The assets of the pooled fund are managed by the Division of Investment Services. GDCP and SCJRF are no longer in the Pooled Fund.

As of June 30, 2025, the total market value of assets was $23,110,122,742. The value of each plan was:

Employees Retirement System (ERS)

$18,584,316,647

Public School Employees Retirement System (PSERS)

$1,314,317,121

Georgia Judicial Retirement System (JRS)

$637,530,407

Legislative Retirement System (LRS)

$44,615,093

State Employees’ Assurance Department (Pre-Retirement)

$495,734,957

State Employees’ Assurance Department (Post-Retirement)

$1,709,441,545

Survivor’s Benefit Fund (SBF)

$271,548,588

Georgia Military Pension Fund (GMPF)

$52,618,384

As of June 30, 2025, the balance in the GDCP was: $159,505,025

As of June 30, 2025, the balance in the Peach State Reserves Plan was:

401(k)

$2,786,577,537

457

$826,675,858

Historical Returns for the Defined Benefit Pooled Investment Fund

For more information on the investments, please refer to the investment section of our Annual Comprehensive Financial Report.

FY2025 12.01%

FY2024

14.07%

FY2023

11.29%

FY2022

(11.71)%

FY2021

29.36%

FY2020

5.48%

FY2019

6.90%

FY2018

9.18%

FY2017

12.44%

FY2016

1.40%

FY2015

3.74%

FY2014

17.29%

FY2013

13.33%

FY2012

2.19%

FY2011

21.27%

FY2010

10.99%

FY2009

(12.97)%

FY2008

(3.5)%

FY2007

14.7%

FY2006

6.2%

FY2005

7.8%

FY2004

9.8%

FY2003

4.5%