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Since 2001, U.S. statewide pension funds have experienced significant funding challenges due to the recessions of 2001-2002 and 2008-2009. Prior to the Dot-Com Crash, statewide pension funds were over 95.6% funded in the aggregate. In 2002, the funded ratio had declined to 82.1%.
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.
She retires Sunday after 31 years at STRS, one of the nation’s oldest and largest public pension funds. Its more than 500,000 members include active and inactive public school teachers and retirees.
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 ...
Absent from the lengthy file are any records alleging misconduct − until the anonymous letter emerged. The pension fund oversees $90 billion invested for 500,000 teachers and retirees.
Some members of the State Teachers Retirement System of Ohio really want to know which pension fund employees wrote an anonymous 14-page memo and then dropped it off to the governor.
The Teachers' Retirement Fund is a special trust fund established by law that holds the assets of the following programs: Defined Benefit; Defined Benefit Supplement; Cash Balance Benefit; The assets come from contributions by members, employing school districts, investment earnings and appropriations from the State of California's General Fund ...