The Wilshire TUCS median return for public pensions for ten years is 7.4%.
As is typical, my home state of North Carolina can be found near the bottom of the table with a 6.6% 10-year annualized return. Using a basic time value financial calculator, I estimate North Carolina's under-performance versus the median public pension return has cost tax payers approximately $6 billion the past 10 years.
10-yr | ||
Rank | State | Return |
1 | WA | 8.3% |
2 | LA | 8.2% |
3 | MA | 8.1% |
4 | KS | 7.9% |
5 | ID | 7.9% |
6 | IA | 7.8% |
7 | PA | 7.7% |
8 | IL | 7.7% |
9 | VA | 7.6% |
10 | NY | 7.5% |
11 | WV | 7.5% |
12 | FL | 7.4% |
13 | RI | 7.4% |
14 | AZ | 7.4% |
15 | MI | 7.4% |
16 | NJ | 7.3% |
17 | TX | 7.2% |
18 | CA | 7.2% |
19 | NH | 7.2% |
20 | NE | 7.2% |
21 | MS | 7.2% |
22 | VT | 7.1% |
23 | ND | 7.1% |
24 | ME | 6.9% |
25 | NV | 6.8% |
26 | MO | 6.7% |
27 | KY | 6.7% |
28 | MD | 6.6% |
29 | MT | 6.6% |
30 | NC | 6.6% |
31 | NM | 6.4% |
32 | TN | 6.2% |
33 | IN | 5.9% |
34 | SC | 5.0% |