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Pension fund

Pension fund
law. In certain countries the distinction between public or government pension funds and private pension funds may be difficult to assess.

Examples
Pension fund investments in 2005 A pension fund is a pool of assets forming an independent legal entity that are bought with the contributions to a pension plan for the exclusive purpose of financing pension plan benefits. Pension funds are important shareholders of listed and private companies. They are especially important to the stock market where large institutional investors like the Ontario Teachers’ Pension Plan dominate. The largest 300 pension funds collectively hold about $6 trillion in assets.[1] In January 2008, The Economist reported that Morgan Stanley estimates that pension funds world-wide hold over US$20 trillion in assets, the largest for any category of investor ahead of mutual funds, insurance companies, currency reserves, sovereign wealth funds, hedge funds, or private equity.[2] This list is incomplete; you can help by expanding it.

Canada
Government
• Caisse de dépôt et placement du Québec • Canada Pension Plan • Alberta Investment Management

Private
• Ontario Teachers’ Pension Plan (unioncontrolled) • Hospitals of Ontario Pension Plan (HOOPP) • OMERS Administration Corporation (OMERS)

Chile
• Chile pension system

The Netherlands
• Stichting Pensioenfonds ABP (ABP) • Stichting Pensioenfonds Zorg en Welzijn (PFZW, formerly PGGM)

Classifications
Open vs. closed pension funds
Open pension funds support at least one pension plan with no restriction on membership while closed pension funds support only pension plans that are limited to certain employees.[3] Closed pension funds are further subclassified into: • Single employer pension funds • Multi-employer pension funds • Related member pension funds • Individual pension funds

Norway
• The Government Pension Fund - Global (Statens pensjonsfond - Utland) • The Government Pension Fund - Norway (Statens pensjonsfond - Norge)

Singapore
• Central Provident Fund

United States
Government
• California Public Employees’ Retirement System (CalPERS) • California State Teachers’ Retirement System (CalSTRS)

Public vs. private pension funds
A public pension fund is one that is regulated under public sector law while a private pension fund is regulated under private sector

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From Wikipedia, the free encyclopedia
• Federal Retirement Thrift Investment Board • Fire and Police Pension Association of Colorado (FPPA) • Illinois Municipal Retirement Fund • Kansas City Public School Retirement System (KCPSRS) • Kansas Public Employees Retirement System (KPERS) • Minnesota Public Employees’ Retirement Association (MNPERA) • Minnesota Teachers’ Retirement Association (MNTRA) • New York State Teachers’ Retirement System (NYSTRS) • Retirement Systems of Alabama • Teacher Retirement System of Texas (TRS of Texas)

Pension fund

System (CalPERS) Stichting Pen- $123 (€85) Netherlands sioenfonds Zorg en Welzijn (PFZW, formerly PGGM) Canada CPP Investment Board (Canada Pension Plan) Ontario Teachers’ Pension Plan National Pension Reserve Fund (NPRF) $122.7

Canada (Ontario) Ireland

$109

Saudi Arabia
• the general organization for social insurance

$30[5]

Greece
Private

Empirical study of the effects of pension fund de• TAPILTAT velopment on global ecoLargest pension funds nomic growth and development patterns Origin Country Fund Assets US$ (in billions) Inception Approx we
Japan Government Pension Investment Fund $935.5

• Arno Tausch (2005) ‚World Bank Pension 2006 NonN/A reforms and development patterns in the commodity world system and in the “Wider Europe”. A 109 country investigation based on 33 indicators of economic growth, and Norway Government &0000000000000391.000000391 and ecological well-being, Oil &00000000000 human, social 1990 [4] Pension Fund and a European regional case study’. A of Norway slightly re-worked version of a paper, originally presented to the NonConference N/A on Stichting Pen- $313 (€215) 1922 “Reforming European pension systems. In Netherlands sioenfonds commodity memory of Professor Franco Modigliani. ABP (ABP) 24 and 25 September 2004”, Castle of Canada Caisse de $258 1965 NonN/A Schengen, Luxembourg Institute for (Quebec) dépôt et commodity European and International Studies placement du Québec (the Quebec Pension Fund • Global assets under management United California $218.2 N/A NonN/A • Pension insurance contract States Public Emcommodity • Sovereign wealth fund (California) ployees’ Retirement

See also

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From Wikipedia, the free encyclopedia

Pension fund
[4] "Norges Bank balance sheet figures, May 2008 (PDF file)". http://www.norgesbank.no/Upload/68615/ Norges_Bank_balance_May_2008.pdf. [5] Legal Terms & Conditions

References
[1] Global Investment Review [2] The Economist Jan 17, 2008 (economist.com) [3] OECD

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