Employees’ Retirement System of the State of Hawaii(Hawaii Employees)

The Employees’ Retirement System (ERS) of the State of Hawaii was established in 1926 to provide retirement allowances and other benefits to State and county government employees. The Board of Trustees is the governing body of the ERS, with certain areas of administrative control vested in the State Department of Budget and Finance.

Asset allocation

13.5% Private Equity

20% Global Equity

4% Low Volatility Equity

4% Global Options

6% Credit

6% Core Real Estate

4.5% Non-Core Real Estate

5% Timber/Agriculture/Infrastructure

2% TIPs

4% Global Macro

4% Reinsurance

8% Alternative Risk Premia

5% Long Treasuries

4% Intermediate Government

10% Systematic Trend Following

Website

View the annual report

Global Pension Transparency Benchmark country system description

Asset allocation as of December 31, 2023. All information is as per the most recent annual report or other publicly available data via the fund's website