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.
Largest U.S. public pension funds
The rankings below are the 30 largest public pension plans in the U.S., according to the 2018 list compiled by Pensions & Investments. 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 | |||||
|---|---|---|---|---|---|
| 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
References
- "Pensions&Investments". 2 February 2018.
External links
- OECD Annual Survey of Large Pension Funds and Public Pension Reserve Funds 2015
- U.S. Census 2016 Survey of Public Pensions: State & Local Data