There are countless pension funds out there and in a variety of types. There are open and closed pension funds. Open pension funds providing at least one pension plan with membership available to anyone. Closed pension funds are just that, closed except to a certain group of people usually associated with an employer. Closed pension funds may also be broken down into Single Employer pension funds and Multi-employer pension funds. Multi-employer pension funds are usually a group of similar business who join together to form pension funds. For example, a group of steel mills or trucking companies join their resources to build a pension fund. Single employer pension funds are usually formed by large employers who do not necessarily need the additional resources of similar companies to provide a sufficient investment base upon which to build.
There are also public and private pension funds. Public pension funds are regulated under public sector law while private funds are, quite obviously, regulated under private sector law. Sometimes the distinguishing line between public or government pension funds and private ones can be difficult to determine.
Following is a list of just some of the diverse pension plans in existence today:
Allegheny Health Education and Research
California Public Employees’ Retirement System
California State Teachers’ Retirement System
Federal Retirement Thrift Investment Board
Fire and Police Pension Association of Colorado
Kansas Public Employees Retirement System
Minnesota Public Employees Retirement Association
Nortel Networks Inc.
New York State Teachers’ Retirement System
Retirement Systems of Alabama
Teacher Retirement System of Texas
Thorn Apple Valley
United Merchants and Manufacturers
And let us not forget, Wal-Mart
As you can see the range of pension plans is a diverse one and includes everyone from steel mill workers to automakers, airline pilots to teachers, and government employees to local department store workers. Also included is a variety of single employer pension funds as well as a number of multi-employer pensions funds.
Another list of pension funds might include the following, some of the largest pension funds in the world:
The General Organization for Social Insurance (Saudi Arabia)
Public Employees Pension Fund (Greece)
Government Pension Fund of Norway
Government Pension Fund (Japan)
The Quebec Pension Fund (Canada)
Korea National Pension Service (South Korea)
Employees Provident Fund (Malaysia)
Canada Pension Plan (also known as CPP Investment Board)
Ontario Teachers Pension Plan (Canada)
National Pension Reserve Fund (Ireland)
Pension funds are available to virtually anyone in the world in their many different forms.