September 25, 2025 (Des Moines, IA) – At today’s meeting of the Iowa Public Employees’ Retirement System’s (IPERS) Investment Board, IPERS announced that its investment program earned a 9.87% return in FY2025, exceeding its assumed return of 7.00%. At the conclusion of FY2025, the value of the IPERS Trust Fund equaled $46.68 billion, a $3.07 billion increase from the same time in FY2024.
“At IPERS, we remain committed to delivering long-term value and security for our members,” says IPERS CEO, Greg Samorajski. “Our FY2025 performance demonstrates the strength of our diversified strategy and disciplined execution. We are especially proud that we maintain a funded ratio of 90.75% as we continue to analyze evolving our portfolio to meet the challenges of future markets while safeguarding the promised benefits for Iowa’s public employees.”
A summary of IPERS’ fiscal year-end and quarterly investment results is available on its website.
Additional meeting highlights
The board performed its annual review of the asset allocation plan but opted to postpone a decision on potential changes until its December meeting.
Complete materials from today’s meeting are available online on IPERS’ website. A recording of today’s meeting is available by request. The next board meeting is scheduled for December 5, 2025.
The Iowa Legislature created IPERS in 1953 to provide a dependable and economical retirement plan for Iowa's public employees. IPERS is the state’s largest public retirement system, serving more than 400,000 current and former members.
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