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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.
Many U.S. cities are allowed to participate in the pension plans of their states; some of the largest have their own pension plans. The total number of local government employees in the United States as of 2020 is 14.3 million. There are 11.1 million full-time and 3.1 million part-time local-government civilian employees as of 2020. [16]
A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income. The U.S. Government's Social Security Trust Fund, which oversees $2.57 trillion in assets, is the world's largest public pension fund. Pension funds typically have large amounts of money to invest and are the ...
The nation’s largest defined benefit pension plans appear to have completed a major turnaround. Pension plans at the largest companies in the U.S. reached 100% funding status in 2023, according ...
They and other pension funds have a fiduciary duty to current and former employees who are saving for retirement.As a result, it pays to follow pension funds' highest-conviction stock picks, too.
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 .
North Carolina’s is considered among the best-funded pension plans in the nation. It is “the 26th largest pool of public money in the world,” Folwell said.
The United States saw significant growth in pension plans, both public and private, throughout the Progressive Era as labor sought more rights from larger, and often more industrialized employers. Private employer retirement plans also grew substantially following the passage of the Revenue Act of 1913, which implicitly granted tax exempt ...