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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.
Illinois, Kentucky, New Jersey are significantly burdened by the funding shortfalls facing their retirement systems. Nebraska, Utah, New York and Idaho’s unfunded liabilities are equivalent to less than 1% of their respective GDPs, meaning their pension funds are well-managed and do not significantly tax their economic resources.
The Murphy administration and the Legislature must stop crossing their fingers that the pension funding crisis will grow itself out of the problem. New Jersey’s pension fund is crossing the ...
New Jersey's pensions used new calculation formulas at the end of 2024 and the new projections have 6 of the 7 state pension funds becoming depleted and insolvent by 2027 and the largest fund, Teachers' Pension and Annuity Fund (TPAF), could run out in 13 years. [26]
A $56.6 billion spending plan for New Jersey that puts in place a new tax to fund NJ Transit, makes a full pension payment and covers the state's school funding formula is expected to be signed by ...
By RYAN GORMAN Embattled New Jersey Governor Chris Christie faces another possible scandal – this time for possibly costing tax payers nearly $4 billion after diverting state pension funds to ...