INTERACTIVE

P&I/Towers Watson World 300: The largest retirement funds

RankFundCountryTotal assets
1Government Pension InvestmentJapan$1,292,003
2Government Pension FundNorway$712,606
3ABPNetherlands$372,860
4National PensionSouth Korea$368,450
5Federal Retirement ThriftU.S.$325,682
6California Public EmployeesU.S.$244,754
7Local Government Officials1Japan$201,443
8Central Provident FundSingapore$188,430
9Canada Pension1Canada$184,425
10National Social SecurityChina$177,486
11PFZW1Netherlands$177,311
12Employees Provident FundMalaysia$175,720
13California State TeachersU.S.$155,739
14New York State CommonU.S.$150,110
15Florida State BoardU.S.$134,345
16New York City RetirementU.S.$132,071
17Ontario TeachersCanada$130,198
18ATPDenmark$129,009
19GEPF2South Africa$122,225
20Pension Fund AssociationJapan$119,199
21General MotorsU.S.$117,812
22Texas TeachersU.S.$112,443
23IBMU.S.$93,985
24National Public ServiceJapan$93,149
25BoeingU.S.$91,406
26New York State TeachersU.S.$88,561
27National Wealth FundRussia$88,064
28Wisconsin Investment BoardU.S.$86,399
29Future FundAustralia$85,546
30AlectaSweden$83,989
31North CarolinaU.S.$83,976
32Fondo de Reserva SeguridadSpain$81,857
33PreviBrazil$81,160
34AT&TU.S.$81,024
35Ohio Public EmployeesU.S.$79,615
36New JerseyU.S.$74,754
37Bayerische VersorgungskammerGermany$73,111
38Washington State BoardU.S.$70,265
39Employees' Provident2India$68,138
40Public School EmployeesJapan$67,976
41BT Group1U.K.$67,511
42General ElectricU.S.$67,155
43Ohio State TeachersU.S.$65,485
44Royal Dutch Shell3Netherlands$62,764
45Metaal/tech. BedrijvenNetherlands$61,953
46Ontario Municipal EmployeesCanada$61,083
47Oregon Public EmployeesU.S.$60,989
48Universities SuperannuationU.K.$58,471
49PFA PensionDenmark$57,264
50Virginia RetirementU.S.$56,867
51BouwnijverheidNetherlands$56,734
52Michigan RetirementU.S.$55,834
53California UniversityU.S.$55,755
54AustralianSuperAustralia$55,354
55Georgia TeachersU.S.$55,348
56Organization for WorkersJapan$54,788
57Lockheed MartinU.S.$53,725
58Labor Pension FundTaiwan$53,099
59Public Institute for Social Security1Kuwait$53,036
60Minnesota State BoardU.S.$52,873
61Ford MotorU.S.$51,654
62AMF PensionSweden$51,428
63Massachusetts PRIMU.S.$50,725
64Electricity Supply Pension4U.K.$50,642
65VerizonU.S.$49,829
66Lloyds TSB Group5U.K.$49,322
67Pennsylvania School Empl.U.S.$49,050
68FRR1France$48,301
69Healthcare of OntarioCanada$47,661
70Public Service Pension Plan2Canada$47,389
71AFP ProvidaChile$45,703
72Quebec Government & PublicCanada$45,597
73VarmaFinland$45,406
74KevaFinland$44,247
75United Nations Joint StaffU.S.$43,769
76PME4Netherlands$43,160
77Royal Bank of Scotland Group5U.K.$42,830
78Colorado EmployeesU.S.$42,502
79Afore XXI Banorte6Mexico$42,038
80QSuperAustralia$41,958
81AFP HabitatChile$41,795
82 Alcatel-LucentU.S.$40,961
83United TechnologiesU.S.$40,719
84Tennessee ConsolidatedU.S.$40,652
85Private Schools EmployeesJapan$40,611
86Los Angeles County Empl.U.S.$39,832
87Quebec PensionCanada$39,685
88Bank of AmericaU.S.$38,998
89IlmarinenFinland$38,958
90Northrop GrummanU.S.$38,834
91Maryland State RetirementU.S.$38,474
92Bundes PensionskasseSwitzerland$38,319
93United Parcel ServiceU.S.$37,865
94First State SuperAustralia$37,484
95Illinois TeachersU.S.$37,470
96State SuperAustralia$37,238
97Barclays Bank U.K.U.K.$37,105
98AP Fonden 3Sweden$36,746
99AP Fonden 2Sweden$36,403
100AP Fonden 1Sweden$35,561
101Exxon MobilU.S.$35,130
102AFP CapitalChile$34,822
103AP Fonden 4Sweden$34,767
104UniSuperAustralia$34,472
105British Coal Pension Schemes4U.K.$34,114
106Wells FargoU.S.$33,884
107AFP CuprumChile$33,246
108Sampension7Denmark$33,074
109PetrosBrazil$32,571
110B.C. Municipal7Canada$31,224
111Teamsters, Western Conf.U.S.$31,028
112BVVGermany$30,757
113Railways PensionsU.K.$30,694
114 ING St. Psf.5Netherlands$30,180
115Alabama RetirementU.S.$29,666
116HSBC BankU.K.$29,092
117Retirement Fund-KWAPMalaysia$29,059
118National Pension AssociationJapan$28,843
119KaiserU.S.$28,790
120British AirwaysU.K.$28,516
121Missouri Public SchoolsU.S.$28,430
122Arizona State RetirementU.S.$28,417
123RaytheonU.S.$28,354
124National Grid1U.K.$28,248
125Pennsylvania EmployeesU.S.$27,640
126CSCAustralia$27,505
127Hewlett-PackardU.S.$27,484
128Illinois MunicipalU.S.$27,448
129ChevronU.S.$27,366
130FedExU.S.$27,354
131BPU.K.$27,346
132BAE SystemsU.K.$26,980
133Nevada Public EmployeesU.S.$26,895
134South Carolina RetirementU.S.$26,755
135J.P. Morgan ChaseU.S.$26,538
136Afore Banamex 6Mexico$26,523
137Indiana Public RetirementU.S.$26,265
138ZilverfondBelgium$25,304
139Utah State RetirementU.S.$25,296
140Mitsubishi UFJ Financial1Japan$25,282
141FUNCEFBrazil$25,253
142RESTAustralia$25,219
143Chrysler GroupU.S.$25,139
144HoneywellU.S.$24,912
145Connecticut RetirementU.S.$24,793
146 DuPontU.S.$24,735
147Texas EmployeesU.S.$24,683
148BVK des Kantons ZurichSwitzerland$24,499
149Nippon Telegraph & Telephone1Japan$24,338
150PensionDanmarkDenmark$24,302
151State FarmU.S.$24,298
152RabobankNetherlands$24,024
153UBSSwitzerland$23,818
154National RailroadU.S.$23,641
155Unilever5U.K.$23,323
156Iowa Public EmployeesU.S.$23,244
157Local Authorities Pension BoardCanada$22,981
158ABN AMRONetherlands$22,806
159Nestle5Switzerland$22,597
160HestaAustralia$22,479
161SunsuperAustralia$22,418
162Mississippi EmployeesU.S.$22,369
163PfizerU.S.$22,159
164BASF5Germany$22,090
1653MU.S.$22,010
166VBL8Germany$21,643
167CbusAustralia$21,465
168Panasonic1Japan$21,269
169Industriens PensionDenmark$21,241
170 CitigroupU.S.$21,220
171Afore Sura6Mexico$21,130
172Strathclyde Pension Fund1U.K.$21,080
173Alaska RetirementU.S.$21,013
174AkzoNobel5U.K.$20,294
175Novartis5Switzerland$20,282
176State PensionFinland$20,269
177Texas Municipal RetirementU.S.$20,108
178Migros-Genossenschafts-BundSwitzerland$20,104
179PhillipsNetherlands$20,063
180National Pensions Reserve2Ireland$20,059
181 Johnson & JohnsonU.S.$19,709
182Aviva OFEPoland$19,696
183B.C. Public Service2Canada$19,542
184PorvenirColombia$19,534
185British Steel Pension Scheme1U.K.$19,478
186Shell OilU.S.$19,472
187American AirlinesU.S.$19,410
188Texas County & DistrictU.S.$19,260
189Delta Air LinesU.S.$19,135
190PrudentialU.S.$18,979
191AvivaU.K.$18,917
192ExelonU.S.$18,841
193Greater ManchesterU.K.$18,789
194ESSSuperAustralia$18,658
195Government PensionThailand$18,547
196AP Fonden 7Sweden$18,468
197B.C. TeachersCanada$18,443
198Siemens9Germany$18,418
199Afore Profuturo GNP6Mexico$18,154
200United Methodist ChurchU.S.$18,148
201San Francisco City & CountyU.S.$18,127
202Teamsters, Central StatesU.S.$18,022
203CaterpillarU.S.$17,988
204Deutsche Bank5Germany$17,951
205Public Service Pension FundTaiwan$17,882
206Bell CanadaCanada$17,819
207Dow ChemicalU.S.$17,748
208ProtecciˇnColombia$17,652
209Mizuho Financial Group1Japan$17,462
210CenturyLinkU.S.$17,247
211Wal-Mart StoresU.S.$17,223
212Zenkoku Shinyo Kinko1Japan$17,153
213Grafische Bedrijven4Netherlands$17,097
214Ontario Pension BoardCanada$17,088
215Government Service Insurance9Philippines$16,887
216Canada PostCanada$16,867
217Telmex4Mexico$16,816
218PG&EU.S.$16,800
219Labor Insurance FundTaiwan$16,685
220BBC1U.K.$16,568
221Hydro-QuebecCanada$16,499
222Hitachi1Japan$16,365
223Zurich Financial Services5Switzerland$16,268
224SpoorwegpensioenfondsNetherlands$16,236
225 GlaxoSmithKlineU.K.$16,211
226PepsiCoU.S.$16,200
227SBB PensionskasseSwitzerland$16,156
228DaimlerGermany$16,025
229Rolls-RoyceU.K.$15,907
230Canadian National RailwaysCanada$15,893
231Verboer6Netherlands$15,836
232PK PostSwitzerland$15,785
233MerckU.S.$15,752
234Credit SuisseSwitzerland$15,751
235Super SAAustralia$15,741
236Magistrenes PensionskasseDenmark$15,580
237General DynamicsU.S.$15,421
238Laegernes PensionskasseDenmark$15,340
239Kentucky TeachersU.S.$15,278
240Federal Reserve EmployeesU.S.$15,227
241Los Angeles Fire & PoliceU.S.$15,219
242Illinois State UniversitiesU.S.$15,195
243World BankU.S.$15,162
244City of ZurichSwitzerland$15,146
245BP AmericaU.S.$15,115
246Illinois State BoardU.S.$15,090
247GESBAustralia$15,055
248 ConocoPhillipsU.S.$14,856
249Procter & GambleU.S.$14,842
250SygeplejerskerDenmark$14,808
251Allianz5Germany$14,789
252OPSEUCanada$14,781
253Georgia EmployeesU.S.$14,753
254West Midlands MetropolitanU.K.$14,696
255National ElectricU.S.$14,675
256Quebec Construction IndustryCanada$14,551
257FEFSSPortugal$14,443
258DeereU.S.$14,342
259West Yorkshire2U.K.$14,268
260Baden-WurttembergischeGermany$14,230
261Nordrheinische ─rzteversorgung 4Germany$14,229
262New York State Def. Comp.U.S.$13,934
263 MetLifeU.S.$13,865
264Louisiana TeachersU.S.$13,852
265RWEGermany$13,677
266Fonds de Comp./Securite SocialeLuxembourg$13,620
267Teachers' Pension4South Korea$13,564
268Duke EnergyU.S.$13,539
269Kansas Public EmployeesU.S.$13,533
270United Continental HoldingsU.S.$13,518
271International PaperU.S.$13,409
272Air CanadaCanada$13,322
273Tapiola Mutual Pension Ins.Finland$13,291
274Telstra SuperAustralia$13,130
275New Zealand Superannuation7New Zealand$13,078
276Kraft FoodsU.S.$12,844
277New Mexico Public Empl.U.S.$12,713
278Eastman KodakU.S.$12,705
279Toyota Motor1Japan$12,585
280 Abbott LaboratoriesU.S.$12,462
281Ohio Police & FireU.S.$12,427
282Idaho Public EmployeesU.S.$12,413
283 Southern Co.U.S.$12,384
284NPF GazfondRussia$12,365
285Fujitsu1Japan$12,334
286Hoffman La Roche5Switzerland$12,261
287Banco Santander (U.K.)U.K.$12,133
288Consolidated EdisonU.S.$12,114
289Prima10Peru$12,085
290Siemens (USA)U.S.$11,974
291Sumitomo Mitsui Financial Group1Japan$11,960
292New York City Def. Comp.U.S.$11,742
293Hawaii EmployeesU.S.$11,739
294OFE PZUPoland$11,734
295Tesco1U.K.$11,704
296Integra10Peru$11,615
297Operating Eng. InternationalU.S.$11,591
298AerzteVersorgung Westfalen LippeGermany$11,540
299AlcoaU.S.$11,520
300Walt DisneyU.S.$11,488
 Total$13,995,194
Notes: 1 As of March 31, 2013; 2 As of March 31, 2012; 3 Global figure (ex-U.S.); 4 Estimate; 5 Global figure; 6 As of May 31, 2013; 7 As of June 30, 2012; 8 As of Nov. 30, 2012; 9 As of Sept. 30, 2012; 10 As of April 30, 2013.