Kentucky Retirement
Systems
($ millions)
Total assets6,231
Defined benefit6,231
Internally managed assets2,770
Defined benefit asset mix:
Stocks63%
Fixed income22%
Cash equivalents10%
Real estate equity5%
FRANKFORT, Ky. - As of Sept. 30, the Kentucky Retirement Systems' total employee benefit assets increased 20.7% from a year earlier. All assets are defined benefit.
Defined benefit managers:
Domestic equities: Alliance Capital; ANB Investment Management; Investment Conselors of Maryland.
Domestic fixed-income: Weaver C. Barksdale & Associates; Lincoln Capital; National Asset Management.
Real estate: Heitman/JMB; TCW Realty; Yarmouth Group.
The custodian is Farmers Bank & Capital Trust.
Key personnel overseeing the investment management of the fund are Pamala Johnson, general manager; Robert Legett, deputy commissioner of investments; and Marlene Castle, director of investments.
Kmart Corp.
($ millions)
Total assets2,750
Defined benefit1,676
Total defined contribution1,074
*401(k)834
*ESOP240
Employer DB contributions10
Benefit payments55
Internally managed assets:
Defined benefit409
Defined contribution451
Hedging devices used:
Stock index futures
Defined benefit asset mix:
Stocks.65.7%
Fixed income27.2%
Real estate equity2.1%
Mortgages5.0%
Defined contribution asset mix:
Company stock28.5%
Other stock16.7%
GICs/BICs54.8%
TROY, Mich. - As of Sept. 30, Kmart Corp.'s total employee benefit assets increased 11.3% from a year earlier. Defined benefit assets increased 21.4% during the same period; defined contribution assets decreased 1.5%.
Employer contributions to the defined benefit plan increased to about $10 million from zero a year earlier; benefits paid decreased 8.3%.
Defined benefit managers:
Domestic equities: Advanced Investment; Alliance Capital; Brinson Partners; Brown Capital; Capital Guardian; DFA; NCM.
International equities: Brinson Partners.
Domestic fixed-income: BEA Associates.
Real estate: Heitman/JMB; American Realty.
Other: Phillip-Smith.
Defined contribution managers:
Domestic equities: American Funds; Twentieth Century.
Domestic fixed-income: Putnam; Federated Investors.
The master trustee is NBD Bank.
Key personnel overseeing the investment management of the fund are Marie Wise, investment analyst, and Tom O'Rourke, portfolio manager. Overseeing the defined contribution plan are Don Morford, director-benefits; Claudia Grogan, savings plan manager; and Ms. Wise.
