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The Police and Fire Retirement System's board oversees the $2.7 billion fund serving some 8,000 retired police and fire and approximately 3,000 active duty first responders.
Detroit’s Police and Fire Retirement System and the city ... Detroit police and fire pension board and city reach settlement on back payments ... The PFRS board oversees the $2.8 billion fund ...
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 ...
This list of largest pension funds in the United ... Michigan Retirement: $75,550 $67,496 61.4% 7.2% 17 Georgia Teachers: $73,089 $73,089 79.1% 7.5% 18 Minnesota ...
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%.
The State of Michigan provides a pension for all former members of the Michigan National Guard (Army or Air) who meet specific eligibility requirements. [13] To receive the benefit, applicants must have reached age 55, separated from service, and have served a minimum of 19 years, 6 months and 1 day of active service in the State Defense Forces ...
The Teachers Retirement Association, which administers pensions for 215,000 active and retired teachers, has publicly disclosed less than 10% of an estimated $2.9 billion in fees paid to Wall ...
Indiana State Police Pension Trust v. Chrysler LLC was a lawsuit brought in United States federal court June 2009 by several pension funds against Chrysler LLC and the United States Department of the Treasury , to block the planned sale of Chrysler LLC assets to a "New Chrysler" entity in the Chrysler bankruptcy .