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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.
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
The Public School Employees’ Retirement System (PSERS) is a pension fund for public school employees in the Commonwealth of Pennsylvania.Eligible members include all full-time public school employees, part-time hourly public school employees who render at least 500 hours of service in the school year, and part-time per diem public school employees who render at least 80 days of service in ...
List of largest school districts from ProximityOne.com; A list of the 500 largest school districts in 2000–2001 from the National Center for Education Statistics (Department of Education) 100 largest school districts, by enrollment size, from the United States Department of Education (2010-11 school year)
Only a small portion of American public school teachers were unionized before the 1960s. That began to change in 1959, when Wisconsin became the first state to pass a collective bargaining law for public employees. Over the next 20 years, most other states adopted similar laws. [18]
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According to State Rep. Glen Grell, a trustee of the Pennsylvania Public School Employees’ Retirement System Board, a 40-year educator can retire with a pension equal to 100 percent of their final salary. [70] In 2007, the district employed 99 teachers. The average teacher salary in the district was $48,400 for 180 school days worked. [71]
There are approximately 500 public school districts in Pennsylvania as of 2023. School districts and community colleges are counted as separate governments by the U.S. Census Bureau . School districts are categorized by state law based on the number of people living within the district boundaries.