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In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS). Pension benefits may or may not be changed after an employee is hired, depending on the state and plan, as well as hiring date, years of service, and grandfathering. Retirement age in the public sector is usually lower than in the private sector.
The New York State Common Retirement fund is a public pension plan for the employees of New York State government. As of 2018, it is the third largest public pension plan in the nation, and holds $207.4 billion in assets.
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 — About $300 million in New York pension funds could have to chill in Russia longer than planned, according to a new report.
NEW YORK — A new package of New York laws will help volunteers and first-responders who aided the 9/11 rescue efforts access their pension and health benefits, state officials said. Five...
NEW YORK CITY — New York City's pension funds shouldn't indirectly help fund Russian President Vladimir Putin's invasion of Ukraine, Comptroller Brad Lander said.