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This list of largest pension funds in the United States involves two main groups: ... STRS Ohio: $76,458 $75,148 69.6% 7.8% 16 Michigan Retirement: $75,550 $67,496
The infusion will raise the pension fund's status to more than 60% funded, up from 34.3% funded as of 2022, according to Tom Lutz, president of the Michigan Regional Council of Carpenters and ...
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%.
As of June 30, 2020, the KPPA total assets stood at $18.2 billion, composed of $12.7 billion in the pension funds and $5.5 billion in the insurance funds. [18] [19] The total unfunded liabilities range from $40 billion to $60 billion, an amount that is four to six times the size of Kentucky's General Fund Budget.
Kentucky has shoveled billions of dollars into recent state budgets to make up for a huge pension shortfall. KY pension fund kept gains in 2023 but faces 22% funding and $12.3 billion deficit Skip ...
Dean and Patty Dennis worked in Ohio schools for 30 years, paying into a state pension plan. Then the pension stopped giving them cost-of-living increases. What happened when private equity, hedge ...
The Ohio-Kentucky-Indiana Regional Council of Governments (OKI) is a council of governments in the Cincinnati metropolitan area.It also serves as the region's federally mandated metropolitan planning organization, serving Butler, Clermont, Hamilton and Warren Counties in Ohio; Boone, Campbell and Kenton Counties in Kentucky; and Dearborn County in Indiana.
Here is the Kentucky Revised Statute that created the PPOB: 7A.200 Public Pension Oversight Board. The Public Pension Oversight Board of the Kentucky General Assembly is hereby established.