List of largest pension schemes in the United States
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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. In practice, Taft-Hartley plans have many units of local pension funds, under an umbrella group.[citation needed]
Largest U.S. public pension funds
[edit]The rankings below are the 30 largest public pension plans in the U.S., according to the 2018 list compiled by Pensions & Investments magazine.[1] Because this information is now several years old, the numbers and rankings may no longer be entirely accurate.
Private and semipublic companies with the most employees in the United States | |||||
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Rank | Plan | Total Assets (millions) | DB Assets (millions) | Funded Status FYE 2016 | Assumed Rate of Return FYE 2016 |
1 | CalPERS | $336,684 | $335,083 | 73.1% | 7.5% |
2 | CalSTRS | $216,193 | $215,318 | 68.5% | 7.6% |
3 | New York State Common Retirement | $201,263 | $201,263 | 93.7% | 7.0% |
4 | New York City Retirement | $189,794 | $189,794 | N/A | N/A |
5 | Florida SBA | $167,900 | $157,562 | 85.4% | 7.7% |
6 | Teacher Retirement System of Texas | $146,326 | $146,326 | 79.7% | 8.0% |
7 | New York State Teachers | $115,637 | $115,637 | 94.2% | 7.5% |
8 | State of Wisconsin Investment Board | $109,960 | $105,155 | N/A | N/A |
9 | North Carolina Retirement | $106,946 | $96,094 | 88.3% | 7.3% |
10 | Washington State Investment Board | $104,260 | $86,615 | 85.5% | 7.7% |
11 | Ohio Public Employees Retirement System | $97,713 | $96,304 | 80.2% | 7.5% |
12 | New Jersey Division of Investment | $80,486 | $76,361 | N/A | N/A |
13 | Virginia Retirement System | $79,238 | $76,023 | 73.3% | 7.0% |
14 | Oregon Public Employees | $77,495 | $75,454 | 78.7% | 7.5% |
15 | STRS Ohio | $76,458 | $75,148 | 69.6% | 7.8% |
16 | Michigan Retirement | $75,550 | $67,496 | 61.4% | 7.2% |
17 | Georgia Teachers | $73,089 | $73,089 | 79.1% | 7.5% |
18 | Minnesota State Board of Investment | $72,672 | $64,116 | 72.6% | 7.8% |
19 | Massachusetts PRIM | $69,496 | $69,496 | N/A | N/A |
20 | Tennessee Consolidated | $55,112 | $48,330 | 95.9% | 7.5% |
21 | Los Angeles County | $53,832 | $53,832 | 83.3% | 7.5% |
22 | Pennsylvania Public Schools | $52,891 | $52,891 | 81.2% | 7.5% |
23 | Colorado PERA | $51,476 | $47,300 | 58.1% | 7.5% |
24 | Maryland State Retirement | $50,297 | $50,297 | 72.7% | 7.6% |
25 | Illinois Teachers | $49,863 | $49,863 | 39.8% | 7.5% |
26 | Missouri Public School | $42,307 | $42,307 | 85.0% | 7.8% |
27 | Illinois Municipal | $39,811 | $39,811 | 88.9% | 7.5% |
28 | Nevada Public Employees | $39,721 | $39,721 | 74.1% | 8.0% |
29 | Alabama Retirement | $38,800 | $36,686 | N/A | N/A |
30 | South Carolina Public Employees | $37,263 | $31,057 | 62.0% | 7.5% |
See also
[edit]References
[edit]- ^ "Pensions&Investments". 2 February 2018.