State Universities
Retirement System of Illinois
($ millions)
Total assets6,306
Defined benefit6,306
Employer DB contributions128
Benefit payments344
Hedging devices used:
Stock options
Bond options
Stock index futures
Fixed-income futures
Swaps
Defined benefit asset mix:
Stocks60%
Fixed income35%
Real estate equity5%
CHAMPAIGN, Ill. - As of Sept. 30, State Universities Retirement System of Illinois' total employee benefit assets increased 19% from a year earlier. All assets are defined benefit.
Employer contributions to the defined benefit plan decreased 4.5%, and benefits paid increased 13%.
Defined benefit managers:
Domestic equities: Ariel Capital; Brinson Partners; Fayez Sarofim;
Fisher Investments; Holland Capital; Rosenberg Institutional; Smith
Barney; PIMCO; Wells Fargo Nikko; Zevenbergen Capital.
International equities: Brinson Partners; Martin Currie; IDS
International; Wells Fargo Nikko.
Domestic fixed-income: Bear Stearns; Balckrock Financial; Chicago Title &
Trust; Kemper Asset; PIMCO; Standish, Ayer & Wood; Wedgewood Capital;
Wells Fargo Nikko. Real estate: Aetna Realty; Equitable Real Estate; Rosenberg Real
Estate.
The master custodian and global custodian is Northern Trust.
Key personnel overseeing the investment management of the fund are Kenneth E. Codlin, chief investment officer, and James Hacking, executive director.
Public Employees'
Retirement Fund of Indiana
($ millions)
Total assets*5,484
Defined benefit5,484
Employer DB contributions188
Benefit payments186
*as of June 30, 1995
Defined benefit asset mix:
Fixed income100%
INDIANAPOLIS - As of June 30, total employee assets of the Public Employees' Retirement Fund of Indiana increased 12% from Sept. 30, 1994. All assets are defined benefit.
Employer contributions to the plan decreased 30%; benefits paid decreased 11%.
Defined benefit managers:
Domestic fixed-income: Holland; Taplin, Canida; Bank One; NBD; HM Capital; Prime Capital; Conseco; Pacific Income Advisors; J.P. Morgan; Reams; WR Lazard; NCM; Wedgewood; Hughes; Rittenhouse; and Danson & Neuhar.
The master custodians are National City Bank and NBD.
The fund's board of trustees oversees investment management of the fund.
Indiana State Teachers'
Retirement Fund
($ millions)
Total assets3,078
Defined benefit3,078
Employer DB contributions239
Benefit payments342
Defined benefit asset mix:
Fixed income96%
Cash equivalents4%
INDIANAPOLIS - As of Sept. 30, the Indiana State Teachers' Retirement Fund's total employee benefit assets increased 13.5% from a year earlier. All assets are defined benefit.
Employer contributions to the defined benefit plan increased 4%, and benefits paid increased 12.5%.
Defined benefit managers:
Domestic fixed-income: Alliance; Bank One; Bank of New York; Baxter; NBD; Todd Investment; Merchants Capital; Alpha; Reams; Taplin Canida.
The master trustee and master custodian is NBD Bank.
Key personnel overseeing the investment management of the fund are Mary Petersen, director, and Robert Newland, investment analyst.
International Paper
($ millions)
Total assets4,419
Defined benefit2,869
*401(k)1,550
Employer DB contributions0
Benefit payments133
Total DC contributions111
Hedging devices used:
Stock options
Bond options
Stock index futures
Fixed-income futures
Defined benefit asset mix:
Stocks56%
Fixed income34%
Cash equivalents1%
Real estate equity4%
Alternative investments5%
Defined contribution asset mix:
Company stock62%
Other stock6%
Fixed income28%
Balanced fund4%
PURCHASE, N.Y. - As of Sept. 30, International Paper's total employee benefit assets increased 10% from a year earlier. Defined benefit assets increased 9% during the same period; defined contribution assets increased 12%.
Benefits paid increased 2%.
Defined benefit managers:
Domestic equities: Sanford Bernstein; Geewax Terker; Miller, Anderson; Provident Investment Counsel; Wells Fargo; PIMCO; J.P. Morgan; TCW.
Domestic fixed-income: J.P. Morgan; PIMCO.
International fixed-income: Morgan Stanley.
Real estate: AEW; LaSalle; RREEF.
Other: Blackstone Partners; Corporate Partners; Hellman, Friedman; J.P. Morgan.
Global assets: Brinson Partners; J.P. Morgan; Cursitor-Eaton.
Defined contribution managers:
Domestic equities: Vanguard.
Domestic fixed-income: Bankers Trust; Sanford Bernstein; PIMCO.
Balanced: Vanguard.
The master trustee and global custodian is State Street Bank.
Key personnel overseeing the investment management of the defined benefit fund are Connie Caperella, manager-trust investments, and Patricia Advaney, manager-trust operations. Ms. Advaney also oversees the defined contribution plan.
Iowa Public Employees'
Retirement System
($ millions)
Total assets8,589
Defined benefit8,589
Employer DB contributions199
Benefit payments278
Hedging devices used:
Stock options
Bond options
Stock index futures
Fixed-income futures
Swaps
Defined benefit asset mix:
Stocks38%
Fixed income36%
Cash equivalents1%
Real estate equity4%
Mortgages1%
TAA10%
Special equity8%
Venture capital2%
DES MOINES, Iowa - As of Sept. 30, the Iowa Public Employees' Retirement System's total employee benefit assets increased 18% from a year earlier. All assets are defined benefit.
Employer contributions to the defined benefit plan increased 9%; benefits paid increased 13%.
Defined benefit managers:
Domestic equities: Capital Guardian; Mellon; RCM; Wellington.
International equities: Baring; Brandywine; Clay Finlay; Nomura; OSV; Schroder; Wells Fargo.
Domestic fixed-income: Heitman/JMB; J.P. Morgan; Loomis Sayles; Mellon; Miller Anderson Sherrerd; Wells Fargo.
Global fixed-income: Morgan Grenfell; TCW.
Real estate: AEW; Copley; Heitman/JMB.
TAA: Baring; Mellon.
Special equity: Fulcrum Fund; Kelso Fund; KKR; Olympus; Rice Partners; TCW Special Placements; Vestar; WCAS.
Venture capital: Advent; Allsop; Battery Ventures; CH Partners; Domain Partners; Golder Thoma Cressey; HealthCare Ventures; InterVen; InterWest; InvestmentAmerica Iowa Fund; Lawrence Smith & Horey; LTOS; Matrix; Menlo; Prime Ventures; Summit.
The master custodian and global custodian is Boston Safe Deposit/Mellon.
Key personnel overseeing the investment management of the fund are Elizabeth Sanders, chief investment officer; Kathy Comito, assistant CIO; and Curt Gerlach, investment officer.
ITT Corp.
($ millions)
Total assets*4,878
Defined benefit3,165
Total defined contribution1,713
*From Nelson's Directory
NEW YORK - According to Nelson's Directory, ITT Corp.'s total employee benefit assets totaled $4.878 billion.
Key personnel overseeing the investment management of the fund are Ann Reese, treasurer, and Paul Mastroianni, director-risk management.
The ITT fund is being split into three separate funds to correspond to the three companies resulting from ITT Corp.'s division: ITT Industries Inc., ITT Hartford and ITT Corp. The allocations and other considerations had not been determined at press time.
Johnson & Johnson
($ millions)
Total assets3,159
Defined benefit1,863
401(k)1,296
Employer DB contributions0
Benefit payments100
Total DC contributions120
Defined benefit asset mix:
Stocks70%
Fixed income25%
Cash equivalents5%
Defined contribution asset mix:
Company stock28%
Other stock20%
Fixed income1%
GICs/BICs47%
Cash equivalents1%
Other3%
NEW BRUNSWICK, N.J. - As of Sept. 30, Johnson & Johnson's total employee benefit assets increased 21% from a year earlier. Defined benefit assets increased 18% during the same period; defined contribution assets increased 24%.
Defined benefit managers:
Domestic equities: J.P. Morgan; Alliance; RCM; Neuberger & Berman; Amerindo; IAI; Nicholas-Applegate.
International equities: IDS; Capital Guardian; Merrill Lynch.
Domestic fixed-income: J.P. Morgan; Standish, Ayer.
Real estate: J.P. Morgan; L&B.
Other: Alliance.
Defined contribution managers:
Domestic equities: Capital Guardian.
The master trustee is Bankers Trust.
Key personnel overseeing the investment management of the defined benefit and defined contribution funds are William E. Rauh, director-pension funds, and Lori P. Blutfield, manager-pension funds.
