NATION

MARCH 1998 -
CONTINUE TO SHOW STRONG EARNINGS GAIN - Assets
of the nation’s 50 largest public pension systems have continued to
grow at a staggering rate. In the year ending last September 30, the
funds’ value climbed by 20.6% over the previous year.

California,
with a monster fund of $127,656 billion, again led the way in total
assets, followed by the New York State fund with Assets of 95,812
billion. Massachusetts’ combined state and teachers fund, known as the
Pension Reserves Investment Trust (PRIT) Fund, grew to $22,654 billion,
the twenty-fourth largest public fund in the country.

Up
until 12 months ago, Massachusetts retirement system was on a
pay-as-you-go basis and was ranked 35th among all systems. Since that
time, an aggressive funding schedule has pushed our state’s fund
steadily upward.

50 Largest Public Funds (Sept. 30,1997)
(Assets in Billions)

1. California Public Employees $127,656
2. New York State 95,812
3. California State Teachers 78,900
4. Florida State 71,940
5. New York State Teachers 68,738
6. Texas Teachers 64,221
7. New Jersey State 59,933
8. New York City 54,712
9. Wisconsin State 50,051
10. Ohio State 47,077
11. Ohio Teachers 44,055
12. Michigan State 42,717
13. North Carolina State 41,500
14. Pennsylvania State 39,133
15. New York City Teachers 35,062
16. Washington State 33,946
17. Minnesota State 31,090
18. Georgia Teachers 29,794
19. Virginia State 28,832
20. Oregon State 28,074
21. Maryland State 26,011
22. Los Angeles County 24,745
23. Colorado State 23,275
24. Massachusetts PRIT 22,654
25. Pennsylvania State 21,762
26. Alabama State 20,484
27. Tennessee State 19,300
28. Illinois Teacher 18,030
29. South Carolina State 17,721
30. Arizona State 17,545
31. Texas State 16,432
32. Connecticut State 16,257
33. Missouri Teachers 15,524
34. Mississippi State 12,689
35. Illinois Municipal 11,721
36. Iowa State 11,478
37. Georgia State 11,264
38. Utah State 11,000
39. Alaska State 10,755
40. Kentucky Teachers 9,971
41. Kentucky State 9,840
42. San Francisco City & County 9,648
43. Nevada State 9,606
44. Los Angeles Fire & Police 9,425
45. Louisiana Teachers 8,672
46. Hawaii Employees 8,353
47. Chicago Teachers 8,339
48. Indiana Public State 8,160
49. Kansas Public State 8,115
50. Ohio Police & Fire 7,271

Tags: