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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.
The rankings below are the 30 largest public pension plans in the U.S., according to the 2018 list compiled by Pensions & Investments magazine. Because this information is now several years old, the numbers and rankings may no longer be entirely accurate.
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.
The five funds — New York City Employees’ Retirement System, Teachers’ Retirement System, New York City Fire Pension Fund, New York City Police Pension Fund, and Board of...
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