National Rural Electric
Cooperative Association
($ millions)
Total assets3,685
Defined benefit2,382
401(k)1,303
Employer DB contributions165
Benefit payments171
Total DC contributions9
Internally managed assets:
Defined benefit931
Defined contribution898
Defined benefit asset mix:
Stocks60%
Fixed income33%
Cash equivalents7%
Defined contribution asset mix:
Stock55%
Fixed income32%
Cash equivalents13%
ARLINGTON, VA. - As of Sept. 30, the National Rural Electric Cooperative
Association's total employee benefit assets increased 19% from a year earlier. Defined benefit assets increased 16% during the same period; defined contribution assets increased 25%.
Employer contributions to the defined benefit plan grew to $165 million from nothing a year earlier; benefits paid increased 37%.
Defined benefit managers:
Domestic equities: Barrow, Hanley, Mewhinney & Strauss; Capital
Guardian; Chesapeake Capital.
International equities: Grantham, Mayo Van Otterloo; J.P. Morgan.
Domestic fixed-income: Lincoln Income Group. Other: Saugatuck Capital,
RFE Partners.
Defined contribution managers:
Domestic equities: Grantham Mayo Van Otterloo; State Street Global.
International equities: State Street Global.
Domestic fixed-income: Lincoln Income Group.
The master trustee, the master custodian and the global custodian is
State Street Bank.
Key personnel overseeing the investment management of the defined benefit and defined contribution funds are
Peter R. Morris, executive director - investments; Douglas G. Kern, senior fixed-income portfolio manager; Stuart E. Teach, senior equity portfolio manager; and John J. Szczur, senior investment analyst.
Nebraska State Retirement
Systems
($ millions)
Total assets3,059
Defined benefit2,400
Total defined contribution*659
Employer DB contributions80
Benefit payments160
*as of Oct. 31, unaudited numbers
Internally managed assets:
Defined benefit975
Defined benefit asset mix:
Stocks55%
Fixed income45%
LINCOLN, Neb. - As of Sept. 30, the Nebraska State Retirement Systems had $3.059 billion in total employee benefit assets. The Nebraska Investment Council manages $2.4 billion for the defined benefit plan; the Nebraska Public Employees Retirement System manages the $659 million in defined contribution assets.
Defined benefit managers:
Domestic equities: Alliance Capital; Brinson Partners; Jundt; Mitchell Hutchins; KPM Asset; FNB Omaha; Newbold's; Husic; State Street Research.
International equities: Alliance Capital; Rowe Price-Fleming.
Domestic fixed-income: Wells Fargo Nikko.
The master and global custodians are State Street Bank and FNB Omaha.
Key personnel overseeing the investment management of the fund are R.W. Holsapple, state investment officer of the Nebraska Investment Council. Overseeing the defined contribution plan is John Cashan, director of the Nebraska Public Employees Retirement System.
Public Employees
Retirement System
of Nevada
($ millions)
Total assets6,929
Defined benefit6,929
Employer DB contributions384
Benefit payments242
Hedging devices used:
Index options
Defined benefit asset mix:
Stocks40%
Fixed income50%
Real estate equity10%
CARSON CITY, Nev. - As of Sept. 30, total employee benefit assets of the Public Employees Retirement System of Nevada increased 19% from a year earlier. All assets are defined benefit.
Employer contributions to the defined benefit plan increased 6%; benefits paid increased 11%.
Defined benefit managers:
Domestic equities: Alliance; Chancellor; INVESCO; Loomis Sayles; Wells Fargo.
International equities: Axe-Houghton.
Domestic fixed-income: Nicholas-Applegate; Patterson; Putnam; State Street.
International fixed-income: Brinson.
Real estate: INVESCO; PMRealty.
Alternative investments: Pathway.
Options: Loomis Sayles.
The master custodian is First Interstate Bank.
Key personnel overseeing the investment management of the fund are George Pyne, executive officer; Laura Wallace, investment officer; and Dana Bilyeu, operations officer.
State of New Jersey
Division of Investment
($ millions)
Total assets*40,974
Defined benefit40,507
403(b) 67
Employer DB contributions456
Benefit payments2,300
*as of June 30, 1995
Internally managed assets:
Defined benefit40,507
Defined contribution467
Hedging devices used:
Stock options
Defined benefit asset mix:
Stocks60%
Fixed income38%
Cash equivalents2%
Defined contribution asset mix:
Other stock59.8%
Fixed income18.7%
Cash equivalents11.5%
TRENTON, N.J. - As of June 30, the State of New Jersey, Division of Investment's total employee benefit assets increased 15% from a year earlier. Defined benefit assets increased 16% during the same period; defined contribution assets decreased 15%.
Employer contributions to the defined benefit plan decreased 32%, and benefits paid increased 411%.
The master custodians are First Fidelity, CoreStates and Midlantic; the global custodian is Bankers Trust.
Key personnel overseeing the investment management of the fund are Roland Machold, director; Steven Kornrumpf, deputy director; and Gilles Michel, assistant director. Overseeing the defined contribution plan are Mr. Machold, Mr. Kornrumpf and Karin Hollinger, portfolio manager.
New Mexico Educational
Retirement Board
($ millions)
Total assets3,895
Defined benefit3,895
Employer DB contributions119
Benefit payments193
Internally managed assets3,697
Hedging devices used:
Swaps
Defined benefit asset mix:
Stocks39%
Fixed income60%
Cash equivalents1%
SANTA FE, N.M. - As of Sept. 30, the New Mexico Educational Retirement Board's total employee benefit assets increased 22% from a year earlier. All assets are defined benefit.
Employer contributions to the defined benefit plan increased 27%; benefits paid increased 10%.
Defined benefit managers:
Domestic equities: Wellington.
International equities: Capital Guardian.
The master custodian is Bankers Trust.
Key personnel overseeing the investment management of the fund are Frank Foy, investment officer-fixed income, and Margie Homko, investment officer-equity.
New Mexico Public
Employees' Retirement
Association
($ millions)
Total assets4,008
Defined benefit3,898
457(b)*110
Employer DB contributions137
Benefit payments148
Total DC contributions15
*as of June 30
Internally managed assets:
Defined benefit117
Defined benefit asset mix:
Stocks52.9%
Fixed income43.8%
Cash equivalents3.0%
Real estate equity0.3%
Defined contribution asset mix:
Stock16.0%
Fixed income7.9%
GICs/BICs74%
Cash equivalents1.4%
Other0.7%
SANTE FE, N.M. - As of Sept. 30, New Mexico Public Employees' Retirement Association's total employee benefit assets increased 25% from a year earlier. Defined benefit assets increased 24.5% during the same period; defined contribution assets increased 26%.
Employer contributions to the defined benefit plan increased 9.6%; benefits paid increased 1.4%.
Defined benefit managers:
Domestic equities: Bankers Trust; IDS Advisory; Smith Barney.
International equities: Capital Guardian.
Domestic fixed-income: Nicholas-Applegate; Putnam; Smith Breeden; Wells Fargo.
Defined contribution managers:
Dreyfus; Federated; Fidelity Investments; INVESCO; Janus; Lincoln; MFS; Nationwide; Neuberger & Berman; T. Rowe Price; Prudential; Putnam; Seligman; SEI; Templeton; Twentieth Century.
The master custodian and global custodian is Bankers Trust.
Key personnel overseeing the investment management of the fund are Jeff States, director of investments; Lorraine Ward, deputy director of investments; and Judy Toomey, investment officer II. Overseeing the defined contribution plan are Frances Porterfield, deferred compensation administrator; and Sigrid Olsen, assistant executive secretary.
New York City Retirement
Systems
($ millions)
Total assets41,679
Defined benefit41,679
Employer DB contributions1,094
Benefit payments2,786
Internally managed assets723
Defined benefit asset mix:
Stocks67%
Fixed income32%
Cash equivalents1%
NEW YORK - As of Sept. 30, the New York City Retirement Systems' total employee benefit assets increased 17.9% from a year earlier. All assets are defined benefit.
Employer contributions decreased 51%; benefits paid increased 8.4%.
Defined benefit managers:
Domestic equities: Amerindo; Bear Stearns; Equinox; Fidelity; J&W Seligman; Loomis Sayles; Mitchell Hutchins; Montgomery; Newbold's; Smith Barney; Zevenbergen; Progress Trust; Bankers Trust.
International equities: Alliance; Bank of Ireland; Capital Guardian; Clay Finlay; Clemente; GE; Schroder; Scudder; State Street; Wells.
Domestic fixed-income: Fischer, Francis; Investment Advisers; Kennedy; Lincoln; Mitchell Hutchins; Putnam; Smith Barney; State Street Bank; Weiss, Peck; Wells; W.R.Lazard; NCM; Bear Stearns; Miller, Anderson; PIMCO; RCM; BEA; Executive Investment; T. Rowe Price; Taplin, Canida; Progress Trust; Alliance; First Boston; Lazard Freres; W.R. Huff; Wertheim.
International fixed-income: T. Rowe Price.
The master custodian is Citibank.
Key personnel overseeing the investment management of the fund are Jon Lukomnik, deputy comptroller; Dana Anderson, chief investment officer; and William Paolino, bureau chief.
New York City Teachers'
Retirement System
($ millions)
Total assets25,943
Defined benefit16,191
Total defined contribution9,752
DB Benefit payments1,151
Internally managed assets:
Defined benefit132
Defined benefit asset mix:
Stocks55%
Fixed income44%
Cash equivalents1%
NEW YORK - As of Sept. 30, the New York City Teachers' Retirement System's total employee benefit assets increased 17.5% from a year earlier.
Defined benefit assets increased 18.5% during the same period; defined contribution assets increased 15.8%. Benefit payments increased 5.5%.
Defined benefit managers:
Domestic equities: Bankers Trust.
International equities: Bank of Ireland; Schroders; GE; Wells Fargo.
Domestic fixed-income: Fischer Francis; Putnam; Wells Fargo; Smith Barney; WR Lazard; PIMCO; RCM; Miller, Anderson; T. Rowe Price; BEA; Taplin Canida.
International fixed-income: T. Rowe Price.
Defined contribution managers:
Domestic equities: Bankers Trust; Bank of Ireland; Paradigm; Brinson; Chancellor; Enhanced Investment; Fidelity; Goldman, Sachs; John Levin; Mellon Capital; PIMCO; PanAgora; Putnam; Scudder; Sound Shore; Sturdivant; Valenzuela; Wells Fargo; Woodford; Cowen; Intech.
Domestic fixed-income: Certus; Morley; Brundage; Putnam.
The master custodian is Citibank.
Key personnel overseeing the investment management of the fund are Jon Lukomnik, deputy comptroller; Donna Anderson, chief investment officer; and William Paolino, chief-bureau of asset management. Overseeing the defined contribution plan are Donald Miller, executive director and Diane Sisenwein, deputy director.
