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This list of largest pension funds in the United States involves two main groups: government pension funds for public employees and collectively bargained pension funds, jointly managed between employer and employee representatives after the Taft-Hartley Act of 1947.
In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS). Pension benefits may or may not be changed after an employee is hired, depending on the state and plan, as well as hiring date, years of service, and grandfathering. Retirement age in the public sector is usually lower than in the private sector.
Pages in category "Public pension funds in the United States" The following 35 pages are in this category, out of 35 total. This list may not reflect recent changes .
Did your state make the list? Best States for Pensions 10. Minnesota. 2021 Unfunded Liabilities: $148,316,886,233. ... funding ratio of public pension plans for 2021 and 2022, sourced from ...
Outside of veterans' pensions, the institution of the first public pension plan for New York City Police is considered as the first iteration of a modern pension in the USA. The Police Life and Health Insurance Fund, created in 1857, provided payment to officers injured or otherwise disabled in the line of duty and offered compensation in a ...
North Dakota's $11.5 billion in unfunded pensions for 2017 is the second-lowest total on the list, but that was an increase of 12.9% from 2016, the ninth-largest proportional increase in the ...