NYNEX CORP. ($ MILLIO NS)
Total assets 21,286
Defined benefit 16,404
Total defined contribution 4,882
*401(k)/457 2,290
Employer DB contributions 0
Benefit payments 975
Total DC contributions 345
Internally managed assets:
Defined benefit 1,962
Defined contribution 2,328
The fund uses:
Stock index futures
Fixed-income futures
Defined benefit asset mix:
Stocks 65%
Fixed income 22%
Real estate equity 6%
Other 7%
Defined contribution asset mix:
Company stock 41%
Other stock 28%
Fixed income 3%
GICs/BICs 26%
Other 2%
NEW YORK - As of Sept. 30, NYNEX Corp.'s total employee benefit assets increased 5.3% from a year earlier. Defined benefit assets increased 5.9% during the same period; defined contribution assets increased 3%.
Employer contributions to the defined benefit plan remained at zero; benefits paid increased 14%.
Defined contribution managers:
Domestic equities: Fidelity; Franklin Portfolio; Miller Anderson; Palisades; TCW; Trinity.
International equities: Capital Guardian; Morgan Stanley; State Street Global.
Domestic fixed-income: Standish Ayer; State Street Research; Western Asset.
International fixed-income: WorldInvest.
The master trustee and global custodian is Mellon.
Key personnel overseeing the investment management of the funds are Candace Cox, president and chief investment officer; Marie LoGiudice, vice president-operations; and Richard Wolf, vice president-public markets.
The Police and Firemen's
Disability and Pension
Fund of Ohio
($ millions)
Total assets 6,049
Defined benefit 6,049
Employer DB contributions 223
Benefit payments 395
Internally managed assets:
Defined benefit 2,178
Defined benefit asset mix:
Stocks 51.7%
Fixed income 35.4%
Cash equivalents 3.1%
Real estate equity 8.2%
Mortgages 1.3%
Other 0.3%
COLUMBUS, Ohio - As of Sept. 30, The Police and Firemen's Disability and Pension Fund of Ohio total employee benefit assets, all defined benefit, increased 12% from a year earlier.
Employer contributions to the defined benefit plan increased 4%; benefits paid increased 8.2%.
Defined benefit managers:
Domestic equities: Atalanta Sosnoff Capital; Bankers Trust; Bond Procope; Fleet Financial; Gelfand Partners; INVESCO Trust; Lakefront Capital Investors; Nicholas-Applegate; Oppenheimer; Society Asset Management; Value Line.
International equities: Capital Guardian Trust; Lombard-Odier International; Scudder, Stevens & Clark; Smith Barney.
Domestic fixed-income: Brinson Partners.
Real estate: Cabot; Copley; Equitable; Lowe Enterprise; MIG Realty; RREEF; Schroder; TA Associates; Westbrook; Yarmouth; Westmark; AEW Partners; DLJ Real Estate Capital.
Others: Alpha Capital Partners; BlueChip Venture Partners; Brantley Venture Partners; Cardinal Development Capital Fund; Chemicals and Materials Enterprise; Morgenthaler Ventures; North Coast Fund; Northwest Ohio Venture Fund; Primus Venture Partners.
The master trustee is the treasurer of the state of Ohio. The master custodian is KeyBank National Bank; the global custodians are KeyBank National Bank and Morgan Stanley Trust.
Key personnel overseeing the investment management of the fund are Theodore G. Hall, director of investments; Lou Canlas, real estate manager; Michael Downs, fixed income portfolio manager; and Peggy Shafer, assistant investment officer.
Public Employees
Retirement System of Ohio
($ millions)
Total assets 40,335
Defined benefit 37,959
*457 2,376
Employer DB contributions 1,107
Benefit payments 1,457
Total DC contributions 250
Internally managed assets:
Defined benefit 34,659
Defined benefit asset mix:
Stocks 26%
Fixed income 59%
Cash equivalents 7%
Real estate equity 5%
Mortgages 3%
Defined contribution asset mix:
Stock 31%
GICs/BICs 69%
COLUMBUS, Ohio - As of Sept. 30, Public Employees Retirement System of Ohio had $40.335 billion in total assets. Defined benefit assets increased 8.5% from a year earlier. Defined contribution assets - contained in a deferred compensation plan - are included for the first time.
Employer contributions to the defined benefit plan increased 4%; benefits paid increased 8%.
Defined benefit managers:
International equities: J.P. Morgan; Xylem.
Real estate: Bristol Group; Faison; Liberty Capital; Lowe Enterprises; Rothchild Realty; TGM Realty.
Venture capital: Primus; Blue Chip Capital; NW Ohio Venture.
Defined contribution managers:
Domestic equities: Fidelity; Twentieth Century; Putnam; AIM: Janus;
Growth Fund of America.
International equities: Templeton.
Domestic fixed-income: Nationwide Life; Bankers Trust; State Street Global.
The global custodian is Chase.
Key personnel overseeing the investment management of the fund are: Joel S. Buck, investment officer; Daniel Sarver, assistant investment officer-equities; Neil Toth, assistant investment officer-fixed income; and Mary Beth Shanahan, assistant investment officer-real estate.
Overseeing the defined contribution plan are: Virginia Shimrock, executive director; Richard T. Wissler, assistant director-administration; and Paul Miller, assistant director-finance.
