Public Employees'
Retirement Association
of Colorado
($ millions)
Total assets 23,275
Defined benefit 23,022
Total defined contribution 253
*401(k)/457 253
Employer DB contributions 431
Benefit payments 751
Total DC contributions 37
Internally managed assets:
Defined benefit 15,385
Defined contribution 121
The fund uses:
Stock options
Defined benefit asset mix:
Stocks 71.5%
Fixed income 12.4%
Cash equivalents 3.4%
Private equity 4.6%
Real estate equity 6.5%
Mortgages 1.6%
Defined contribution asset mix:
Other stock 85%
Fixed income 14%
Cash equivalents 1%
DENVER - As of Sept. 30, the Public Employees Retirement Association of Colorado total employee benefit assets increased 23% from a year earlier. Defined benefit assets increased 22% during the same period; defined contribution assets increased 51%.
Employer contributions to the defined benefit plan increased 5%; benefits paid increased 8%.
Defined benefit managers:
Domestic equities: Alliance; Denver Investment; Janus.
International equities: Alliance; BEA; Bankers Trust; Baring; Brinson; Castle; Morgan Grenfell; Nomura; Philippe; Schroder.
Domestic fixed-income: LM Capital; NCM; TCW.
International fixed-income: Julius Baer.
Real estate: ERE Yarmouth; Heitman; INVESCO; L&B; LaSalle; Prudential; RREEF; Apollo; Blackstone; Westmark; Security; Phoenix; Goldman Sachs; Koll Bren; Lazard Freres; MGA; Morgan Stanley; Pacific; RME.
Other: Cattanach; Centennia; CVM; Columbine; Hancock; Warburg Pincus; Asia Pacific; Doughty Hanson; EUROKNIGHTS; So. America Private Equity; Apollo; Blackstone; Cypress; Equitable; Forstman Little; Hicks Muse; JLL; Lehman.
Defined contribution managers:
Domestic equities: Fidelity.
International equities: American Funds.
Domestic fixed-income: PIMCO; Norwest; Northern Trust.
Balanced: Dodge & Cox.
The master trustee/custodian and global custodian is The Northern Trust Co.
Key personnel overseeing the investment management of the fund are Norman Benedict, deputy executive director-investments; Bud Cosby, director-equities; Ken Mokray, director-fixed income. Mr. Cosby oversees the defined contribution plan.
State of Connecticut
Retirement & Trust Funds
($ millions)
Total assets* 16,257
Defined benefit 16,257
Employer DB contributions 74
Benefit payments 210
*as of Aug. 31
Defined benefit asset mix:
Stocks 61%
Fixed income 27%
Cash equivalents 4%
Private equity 3%
Real estate equity 3%
Mortgages 2%
HARTFORD, Conn. - As of Aug. 31, State of Connecticut Retirement & Trust Funds' total employee benefit assets, all of which are defined benefit, increased 17% from Sept. 30, 1996.
Employer contributions to the defined benefit plan decreased 47%; benefits paid decreased 52%.
Defined benefit managers:
Domestic equities: Alliance; BGI; Brown; Cowen; First Pacific; J.P. Morgan; RCM; Rosenberg; State Street Global; Travelers; ValueQuest
International equities: DSI International; Grantham Mayo van Otterloo; J.P. Morgan; Morgan Stanley; Pictet International; Smith Barney; State Street Global.
Domestic fixed-income: BlackRock; J.P. Morgan; Loomis Sayles; Oaktree; State Street Global; W.R. Huff.
Real estate: AEW; CIGNA; LaSalle; O'Connor Group; PSI; RREEF; Sentinel; Tishman; Wachovia.
Commercial Mortgages: AEW.
Venture Capital: Bigler-Crossroads; Connecticut-Green; Cullinane & Donnelly; DLJ; Goldman Sachs; Hicks Muse Tate & Furst; KKR; Prospect Street; Triumph-Connecticut; Veritas; Welsh, Carson, Anderson & Stowe.
The master trustee/custodian is State Street Bank.
Key personnel overseeing the investment management of the fund are Paul J. Silvester, treasurer; Gregory D. Franklin, chief investment officer; Gary Draghi, principal investment officer.
Consolidated Edison Co.
of New York Inc.
($ millions)
Total assets 7,385
Defined benefit 6,177
Total defined contribution 1,208
Employer DB contributions 73
Benefit payments 166
NEW YORK - As of Sept. 30, Consolidated Edison Co. of New York Inc.'s employee benefit assets increased 19% from a year earlier. Defined benefit assets increased 19% during the same period; defined contribution assets increased 21%.
The master trustee and global custodian for the defined benefit plan is State Street. The master custodian and global custodian for the defined contribution plan is Vanguard.
