NEW MEXICO EDUCATIONAL RETIREMENT BOARD ($ MILLIONS)
Total assets 4,324
Defined benefit 4,324
Employer DB contributions n/a
Benefit payments n/a
Internally managed assets:
Defined benefit 4,050
The fund uses:
Swaps
Defined benefit asset mix:
Stocks 43%
Fixed income 56%
Cash equivalents 1%
SANTA FE, N.M. - As of Sept. 30, the New Mexico Educational Retirement Board's total employee benefit assets, all defined benefit, increased 11% from a year earlier.
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 and Margie Homko, investment officers.
Public Employees
Retirement Association of
New Mexico
($ millions)
Total assets 4,633
Defined benefit 4,509
457* ....................................................124
Employer DB contributions 159
Benefit payments 183
Total DC contributions 8
*As of June 30, 1996
Internally managed assets:
Defined benefit 167
Defined benefit asset mix:
Stocks 56.4%
Fixed income 39.9%
Cash equivalents 3.7%
SANTA FE, N.M. - The Public Employees Retirement Association of New Mexico's total employee benefit assets increased 15.6%. Defined benefit assets increased 15.7% during the 12 months ended Sept. 30; defined contribution assets increased 12.7% in the 12 months ended June 30.
Employer contributions to the defined benefit plan increased 16%; benefits paid increased 23.6%.
Defined benefit managers:
Domestic equities: Bankers Trust; Smith Barney; IDS Advisory.
International equities: Capital Guardian Trust.
Domestic fixed-income: Putnam; Barclays Global, Nicholas-Applegate.
The master trustee, global custodian and master custodian is Bankers Trust.
Key personnel overseeing the investment management of the fund are Jeffrey States, investment director; and Lorraine Ward, deputy investment director. Overseeing the defined contribution plan are Sigrid Olson, deputy director; and Valerie Jones, administrative assistant.
New York City Retirement
Systems
($ millions)
Total assets 45,022
Defined benefit 45,022
Employer DB contributions 1,094
Benefit payments 2,749
Internally managed assets:
Defined benefit 427
Defined benefit asset mix:
Stocks 67.2%
Fixed income 31.9%
Cash equivalents 0.9%
NEW YORK - As of Sept. 30, the New York City Retirement Systems' total employee benefit assets increased 8% from a year earlier. All assets are defined benefit.
Employer contributions to the defined benefit plan were unchanged; benefits paid decreased 1%.
Defined benefit managers:
Domestic equities: Alliance; Amerindo; Bankers Trust; Bear Stearns; Equinox; Fidelity; J&W Seligman; Loomis Sayles; IDS; Montgomery; Newbold's; Progress Trust; Smith Barney; Zevenbergen.
International equities: Alliance; Bank of Ireland; Barclays Global; Capital Guardian; Clay Finlay; Clemente; GE; Schroder; Scudder; State Street.
Domestic fixed-income: Barclays; BEA; Bear Stearns; Executive Invest; Fischer Francis; Investment Advisors; Kennedy; WR Lazard; Lincoln Capital; Miller Anderson; NCM; PIMCO; T. Rowe Price; Progress Trust; Putnam; RCM; Smith Barney; State Street; Taplin Canida.
International fixed-income: T. Rowe Price.
U.S. Enhanced Yield: Alliance; BEA; Lazard Freres; Loomis; T. Rowe Price; W.R. Huff; Wertheim.
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, bureau chief-asset management.
