Chase Manhattan Corp.
($ millions)
Total assets* 6,500
Defined benefit 2,800
401(k) 3,700
*From Money Market Directory
NEW YORK - As of June 30, Chase Manhattan Corp.'s employee benefit assets totaled $4.166 billion, according to the 1998 Money Market Directory.
Key personnel overseeing the investment management of both funds are Deborah Duncan, executive vice president and treasurer, and Mary Maguire, managing director.
Chevron Corp.
($ millions)
Total assets 11,383
Defined benefit 3,963
Total defined contribution 7,420
Employer contributions 0
Benefit payments 381
Total DC contributions 239
Defined benefit asset mix:
Stocks 53%
Fixed income 28%
Cash equivalents 9%
Real estate equity 10%
Defined contribution asset mix:
Company stock 85%
Other stock 10%
Fixed income 4%
Cash equivalents 1%
SAN FRANCISCO - As of Sept. 30, Chevron Corp.'s total employee benefit assets were $11.4 billion. Defined benefit assets were $4 billion; defined contribution assets were $7.4 billion.
The company made no contributions to the defined benefit plan; benefits paid were $381 million.
The master trustee/custodian is Mellon, according to Money Market Directory.
The key person overseeing the investment management of the fund and the defined contribution plan is Neil Darling, manager investment analysis and actuarial.
Municipal Employees'
Annuity and Benefit Fund
of Chicago
($ millions)
Total assets* 4,438
Defined benefit 4,438
Employer DB contributions 153
Benefit payments 238
*as of June 30
The fund uses:
Stock options
Defined benefit asset mix:
Stocks 56%
Fixed income 35%
Cash equivalents 4%
Private equity 2%
Real estate equity 3%
CHICAGO - As of June 30, the Municipal Employees' Annuity and Benefit Fund of Chicago's total employee benefit assets, all defined benefit, increased 14% from Sept. 30, 1996.
Employer contributions decreased 4%; benefits paid increased 4%.
Defined benefit managers:
Domestic equities: Ariel; Bankers Trust; Bear Stearns; Chicago Asset Management; Great Lakes; Keeley Asset; Oppenheimer; Weiss, Peck & Greer; Wellington.
International equities: Frank Russell.
Domestic fixed-income: Bankers Trust; Nicholas-Applegate; Frank Russell; Lincoln Capital; Payden & Rygel.
Real estate: Bear Stearns; Capital Associates; Prudential; Public Storage; Glenborough; Public Pension Fund.
Venture capital: Capital Fund Partners: Chancellor Capital; First Analysis; Mesirow; Midwest Mezzanine; Frontenac.
Short term: Northern Trust.
Balanced: Alliance Capital; Brinson Partners.
The master trustee/custodian is Northern Trust; the global custodian is Bankers Trust.
Key personnel overseeing the investment management of the fund are James L. Stack, executive director; James E. Mohlel, senior investment manager; Terrance Stefanski, comptroller.
Public School Teachers'
Pension & Retirement Fund
of Chicago
($ millions)
Total assets 8,339
Defined benefit 8,339
Employer DB contributions 91
Benefit payments 386
Internally managed assets:
Defined benefit 7
Defined benefit asset mix:
Stocks 61.2%
Fixed income 33.3%
Cash equivalents 1.5%
Private equity 4%
CHICAGO - As of Sept. 30, the Public School Teachers' Pension & Retirement Fund of Chicago's total employee pension assets, which consist solely of a defined benefit fund, increased 22% from a year earlier.
Employer contributions to the defined benefit plan increased 28%; benefits paid increased 14%.
Defined benefit managers:
Domestic equities: ANB; Ariel Capital; Dimensional Fund; Fidelity; Holland Capital; New Amsterdam Partners; Oppenheimer; J&W Seligman; Waddell & Reed; Zevenbergen.
International equities: Morgan Stanley; Schroder; Scudder Stevens & Clark.
Domestic fixed-income: ANB; Bank of America; Lincoln Capital; Miller Anderson Sherrerd; Smith Graham; Wellington.
Real estate: Allegis; AMB; Blackstone; Capital Associates; CIGNA; J.P. Morgan; Olympus; RREEF; SSR (Metropolitan) Tower; Schroder; Walton; Zell/Merrill Lynch.
The master trustee/custodian and global custodian is Northern Trust.
Key personnel overseeing the investment management of the fund are Michael J. Nehf, executive director; and Dean J. Niedospial, chief financial officer.
Chrysler Corp.
($ millions)
Total assets 21,302
Defined benefit 17,261
Total defined contribution 4,041
*401(k)/457 3,784
Employer DB contributions 679
Benefit payments 844
Total DC contributions 354
The fund uses:
Stock index futures
Defined benefit asset mix:
Stocks 65.6%
Fixed income 27.3%
Cash equivalents 2.5%
Private equity 1.1%
Real estate equity 3.1%
Other 0.4%
Defined contribution asset mix:
Company stock 11%
Other stock 38%
Fixed income 4%
GICs/BICs 15%
Cash equivalents 32%
AUBURN HILLS, Mich. - As of Sept. 30, Chrysler Corp.'s total employee benefit assets increased 19% from a year earlier. Defined benefit assets increased 17% during the same period; defined contribution assets increased 26%.
Employer contributions to the defined benefit plan decreased 6%; benefits paid increased 4%.
Defined benefit managers: Amerindo; Bank of New York; Bankers Trust; Bay Isle; Bernstein & Co.; BlackRock; Brinson; Brown Capital; BGI; Chancellor; CIC Asset; Cordillera; DLJMB Overseas; Fayez Sarofim; Fischer, Francis, Trees and Watts; Foothill Partners; Forstman Little; GE Investment; GE Private Placement; Globalt; GS Capital; GS Mezzanine; GS Whitehall Street Real Estate; Glickenhaus; Goldman Sachs; Hicks, Muse, Tate & Furst; InterMedia; J.P. Morgan; Heitman; John Hancock; Kenwood; Liberty BIDCO; Liberty Investment; Metropolitan Realty; Morgan Stanley; NBD; Oaktree; OCM; Palley-Needelman; Palisade; Paradigm; Prudential Real Estate; Rowe Price-Fleming; RREEF; RII World Timberfund; Solon; State Street Research; Sturdivant; TCW; UBS; Veronis Suhler; Western; Westmark Systems; Windpoint; Woodford Gayed; Zevenbergen.
Defined contribution managers:
Domestic equities: PBHG; MFS; New York Life; Putnam; Merrill Lynch; American Century; Franklin-Templeton; Kemper; MFS; Oppenheimer.
Domestic fixed-income: Merrill Lynch.
International fixed-income: Merrill Lynch.
Real estate: MFS.
Lifecycle: Putnam.
Balanced: Putnam.
The master trustee/custodian and global custodian is Bankers Trust Co.
Key personnel overseeing the investment management of the fund are G.C. Valade, executive vice president and chief financial officer; T.P. Capo, vice president and treasurer; and R.P. Flynn, director, pension fund investments. Overseeing the defined contribution plan are Ken Francese, director, compensation and benefits; and W. Paul Barbeau, manager, savings planning and administration.
CIGNA Corp.
($ millions)
Total assets 4,091
Defined benefit 2,481
401(k)/457 1,610
Employer DB contributions 16
Benefit payments 98
Total DC contributions 117
Internally managed assets:
Defined benefit 2,119
Defined contribution 1,058
The fund uses:
Stock index futures
Defined benefit asset mix:
Stocks 67%
Fixed income 24%
Real estate equity 9%
Defined contribution asset mix:
Company stock 11%
Other stock 34%
GICs/BICs 55%
PHILADELPHIA - As of Sept. 30, CIGNA Corp.'s total employee benefit assets increased 8% from a year earlier. Defined benefit assets increased 18% during the same period; defined contribution assets decreased 5%.
Employer contributions to the defined benefit plan decreased 77%; benefits paid increased 1%.
Defined benefit managers:
Domestic equities: BGI.
Defined contribution managers:
Domestic equities: Founders; Fidelity; Warburg Pincus.
Balanced: Invesco.
The master trustee is CG Trust Co.
Key personnel overseeing the investment management of both funds are Gerald T. Meyn, vice president of employee benefits and health management; and Stewart M. Beltz, assistant vice president and plan administrator.
Citibank N.A.
($ millions)
Total assets 6,496
Defined benefit 3,796
*401(k)/457 2,700
Employer DB contributions 148
Benefit payments 64
Total DC contributions 105
Internally managed assets:
The fund uses:
Stock index futures
Fixed-income futures
Short selling
Defined benefit asset mix:
Stocks 70%
Fixed income 20%
Cash equivalents 1%
Real estate equity 9%
Defined contribution asset mix:
Company stock 39%
Other stock 29%
Fixed income 5%
GICs/BICs 16%
Cash equivalents 11%
NEW YORK - As of Sept. 30, Citibank N.A.'s total employee benefit assets increased 25% from a year earlier. Defined benefit assets increased 22% during the same period; defined contribution assets increased 29%.
Employer contributions to the defined benefit plan were unchanged; benefits paid increased 36%. Defined benefit managers:
Domestic equities: Chancellor LGT; Snyder.
Domestic fixed-income: Chancellor LGT.
International fixed-income: Bridgewater.
Real estate: RREEF; ERE Yarmouth.
Defined contribution managers:
Domestic equities: Chancellor LGT.
Domestic fixed-income: Chancellor LGT.
The master trustee/custodian and global custodian is Citibank.
The key personnel overseeing the investment management of the defined benefit fund are Ronald A. Walter, director of investment; and Camilo A. Amenedo, senior investment officer. Key personnel overseeing the investment management of the defined contribution plan are Susan Crown, vice president; Louis Ferrante, vice president; and Alida Bussi, vice president.
