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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.
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%.
CalPERS manages the largest public pension fund in the United States, with more than $469 billion in assets under management as of June 30, 2021. [7] CalPERS is known for its shareholder activism; stocks placed on its "Focus List" may perform better than other stocks, which has given rise to the term "CalPERS effect". [8]
The country's largest public pension fund says the personal information of about 769,000 retired California employees and other beneficiaries — including Social Security numbers — was among ...
Pensions in the United States. Average balances of retirement accounts, for households having such accounts, exceed median net worth across all age groups. For those 65 and over, 11.6% of retirement accounts have balances of at least $1 million, more than twice that of the $407,581 average (shown). Those 65 and over have a median net worth of ...
CalPERS is the largest public pension system in the U.S., providing pensions for about 2.1 million state and local government employees, retirees and beneficiaries. The system’s investment ...
The United States has $19.1 trillion in retirement and pension assets ($9.1 trillion in private funds, $10 trillion in public funds) as of 31 December 2016. [58] The largest 200 pension funds accounted for $4.540 trillion as of 30 September 2009. [59]
The California Public Employees' Retirement System, or CalPERS, the nation's largest state pension fund, experienced a 6.1% investment loss in the fiscal year that ended June 30. It was the first ...