P&I Ranks Largest Funds

Following its annual tradition, Pensions & Investments has listed the nation's 1,000 largest employee benefit funds. Totalling almost $4.4 Trillion, pension fund assets are generally broken down into defined benefit ($3.4 Trillion) and defined contribution ($1 Trillion). The ten largest public funds are CalPERS – $133.5 Billion, New York State Common – $99.7 Billion, CalSTRS – $82.6 Billion, FRS – $77.5 Billion, New York State Teachers – $71.1 Billion, Texas Teachers – $69.5 Billion, New Jersey State – $63.3 Billion, New York City Retirement – $55.2 Billion, Wisconsin Investment – $50.9 Billion and Ohio Employees – $47.5 Billion. Meanwhile, at $87 Billion, General Motors is the largest corporate plan. The Federal Retirement Thrift ($64.5 Billion) is listed in the "miscellaneous" category. All figures are as of September 30, 1998.