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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.
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 ...
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.
The Connecticut Department of Children and Youth Services was established around 1970. The Long Lane School became a part of the new department in 1970. [2]In 1989, a group of plaintiffs instituted an action against the Connecticut Department of Children and Youth Services [3] which resulted in a requirement for federal court supervision of DCF, which has continued for more than 20 years to date.
CalSTRS’ investment porftolio performed better than CalPERS and most U.S. pension funds. But it still lost money for 1st time since 2009.
The Connecticut Education Association (CEA) is a grassroots organization championing for teachers and public schools. It has been a leading voice for teacher professionalism and school improvement since it was formed in 1848 when 80 teachers met in Meriden. CEA is headquartered in Hartford.
The Torrington School District is a school district serving the city of Torrington in Litchfield County, Connecticut.. Torrington Public Schools operates under the leadership of Superintendent Cheryl Kloczko and a board of education that consists of 10 elected members and the city mayor, who acts as the chairman ex officio.