Mississippi Public
Employees Retirement
System
($ millions)
Total assets* 9,933
Defined benefit 9,627
457 306
Employer DB contributions 350
Benefit payments 463
Total DC contributions 31
*as of June 30
Internally managed assets:
Defined benefit 140
Defined benefit asset mix:
Stocks 54.3%
Fixed income 44.4%
Cash equivalents 1.3%
Defined contribution asset mix:
Stock 44.3%
Fixed income 4.1%
GICs/BICs 47.5%
Cash equivalents 0.5%
Asset allocation fund 3.3%
Other 0.3%
JACKSON, Miss. - As of June 30, Mississippi Public Employee Retirement System's total employee benefit assets increased 10% from a year earlier. Defined benefit assets increased 10% during the same period; defined contribution assets increased 22%.
Employer contributions to the defined benefit plan increased 6%; benefits paid increased 18%.
Defined benefit managers:
Domestic equities: INVESCO; Fayez Sarofim; Bankers Trust; GEO Capital; DFA; Denver Investment.
International equities: Lazard Freres; Brinson; Scudder Stevens & Clark.
Domestic fixed-income: PIMCO; Nicholas-Applegate; Morgan Grenfell; Brinson; Barclays Global; Mellon Bond.
Defined contribution managers:
Domestic equities: Fayez Sarofim; Aetna.
International equities: T. Rowe Price.
Domestic fixed-income: Barclays Global.
Balanced: Fidelity.
GICs/BICs: Nationwide; Aetna.
The master custodian and global custodian is State Street Bank.
Key personnel overseeing the investment management of the fund are Lorrie Tingle, deputy director - investments; Gary Morgan, investment analyst; and Cindy Case, investment accountant. Overseeing the defined contribution plan are Frank Ready, executive director; Denise Mounger, deputy director, membership services; and Ms. Tingle.
Public School Retirement
System of Missouri
($ millions)
Total assets 12,510
Defined benefit 12,510
Employer DB contributions 239
Benefit payments 350
Defined benefit asset mix:
Stocks 52.7%
Fixed income 46.7%
Cash equivalents 0.6%
JEFFERSON CITY, Mo. - As of Sept. 30, the Public School Retirement System of Missouri's employee benefit assets increased 11.8% from a year earlier. All assets are defined benefit.
Employer contributions to the defined benefit plan increased 12.7%; benefits paid increased 16.3%.
Defined benefit managers:
Domestic equities: Alliance Capital; Ark Asset; Brinson; Thomson, Horstmann; Dimensional Fund; State Street Global.
International equities: Bank of Ireland; Oechsle International; State Street Global.
Domestic fixed-income: BlackRock; NISA; Boatmen's; State Street Global.
The master and global custodian is State Street Bank.
Key personnel overseeing the investment management of the fund are M. Steve Yoakum, executive director; Mark A. Caplinger, senior investment officer; and John A. Tuck, investment officer.
Missouri State Employees'
Retirement System
($ millions)
Total assets 3,318
Defined benefit 3,318
Employer DB contributions* 14
Benefit payments* 15
*as of June 30, 1996
Internally managed assets:
Defined benefit 400
The fund uses:
Fixed-income futures
Defined benefit asset mix:
Stocks 68.8%
Fixed income 28.2%
Cash equivalents 0.9%
Real estate equity 1.1%
Other 1.0%
JEFFERSON CITY, Mo. - As of Sept. 30, the Missouri State Employees' Retirement System's total employee benefit assets, all of which are defined benefit, increased 12% from a year earlier.
Employer contributions to the defined benefit plan decreased 87%; benefits paid decreased 85%.
Defined benefit managers:
Domestic equities: Wilshire; Conning; Woodford-Gayed; IAI; Capital Guardian; SENECA; Kennedy.
International equities: Silchester; Bankers Trust; Morgan Grenfell.
Domestic fixed-income: BlackRock; Boatmen's; Hoisington.
Real estate: TCW
Other: Brinson.
The master custodian and global custodian is Bankers Trust.
The key person overseeing the investment management of the fund is Richard Dahl, chief investment officer.
Mobil Corp.
($ millions)
Total assets 6,650
Defined benefit 2,270
Total defined contribution 4,380
Employer DB contributions 0
Benefit payments 315
Total DC contributions 200
Defined benefit asset mix:
Stocks 53%
Fixed income 35%
Cash equivalents 9%
Other 3%
Defined contribution asset mix:
Company stock 54%
Other stock 21%
Fixed income 2%
GICs/BICs 18%
Cash equivalents 3%
Other 2%
FAIRFAX, Va. - As of Sept. 30, Mobil Corp.'s total employee benefit assets increased 4% from June 30, 1995. Defined benefit assets decreased 9% during the same period; defined contribution assets increased 11%.
Defined benefit managers:
Domestic equities: Capital Guardian; Alliance; Jennison; Fayez Sarofim.
International equities: GMO International; Oechsle; Morgan Stanley; Capital; Templeton.
Domestic fixed-income: State Street Research; PIMCO; J.P. Morgan; Loomis.
International fixed-income: Strategic; Mercury.
OTHER: MORGAN STANLEY. DEFINED CONTRIBUTION MANAGERS: DOMESTIC EQUITIES: AIM; JENNISON; MERRIL LYNCH; MFS. INTERNATIONAL EQUITIES: TEMPLETON. DOMESTIC FIXED-INCOME: FRANKLIN. BALANCED: MERRILL LYNCH.
