Arizona Retirement System
($ millions)
Total assets 17,545
Defined benefit 17,545
Employer DB contributions 151
Benefit payments 488
Internally managed assets 2,515
Defined benefit asset mix:
Stocks 70.7%
Fixed income 26.4%
Cash equivalents 1.6%
Real estate equity 0.3%
Mortgages 1.0%
PHOENIX, Ariz. - As of Sept. 30, Arizona Retirement System's total employee benefit assets increased 22% from a year earlier. All assets are defined benefit assets.
Employer contributions to the defined benefit plan remained the same at $151 million; benefits paid decreased 1%.
Defined benefit managers:
Domestic equities: BGI; American Express; J.P. Morgan; Valley Ventures.
International equities: Capital Guardian; Mellon Capital; Axe-Houghton.
Domestic fixed-income: BGI; American Express; J.P. Morgan; and Axe-Houghton.
Real estate: Bank One.
The master trustee/custodian and global custodian is Mellon Trust.
Key personnel overseeing the investment management of the fund are LeRoy Gilbertson, fund director, and Paul Matson, fund senior investment management.
Arkansas Teacher
Retirement System
($ millions)
Total assets 6,006
Defined benefit 6,006
Employer DB contributions 154
Benefit payments 192
Internally managed assets: 178
Defined benefit asset mix:
Stocks 65%
Fixed income 25%
Cash equivalents 1%
Real estate equity 1%
Mortgages 5%
Other 3%
LITTLE ROCK, Ark. - As of Sept. 30, the Arkansas Teacher Retirement System's total employee benefit assets -all defined benefit - increased 24.5% from a year earlier.
Employer contributions increased 10%; benefits paid increased 12.9%.
Defined benefit managers:
Domestic equities: Munder; Oppenheimer; ICC Capital; Alliance; George Bjurman; Invesco; Kennedy.
International equities: John Govett; Brinson; Scudder, Stevens.
Domestic fixed-income: 1st Commercial Capital; Hyperion; A.R.M.; Loomis, Sayles.
Real estate: Westbrook.
Other: Hicks, Muse; Hartland; Doughty Hanson.
The master custodian is First Commercial Trust; the global custodian is Northern Trust.
Key personnel overseeing the investment management of the fund are Bill Shirron, executive director; and G. Wayne Greathouse, associate director/manager of investments.
Atlantic Richfield Co.
($ millions)
Total assets 5,135
Defined benefit 3,126
401(k)/457 2,009
Employer DB contributions 2
Benefit payments 167
Total DC contributions 135
Internally managed assets:
Defined benefit 2,718
The fund uses:
Stock options
Bond options
Stock index futures
Fixed-income futures
Short selling
Managed futures
Defined benefit asset mix:
Stocks 72%
Fixed income 20%
Cash equivalents 3%
Private equity 3%
Real estate equity 2%
Defined contribution asset mix:
Company stock 58%
Other stock 22%
Fixed income 7%
Cash equivalents 13%
LOS ANGELES - As of Sept. 30, Atlantic Richfield Co's. total employee benefit assets increased 19% from a year earlier. Defined benefit assets increased 11% during the same period; defined contribution assets increased 33%.
Employer contributions to the defined benefit plan decreased 98%; benefits paid decreased 35%.
Defined benefit managers:
International equities: G.T. Capital; Capital Guardian; Emerging Markets Growth; TCW.
Domestic fixed-income: W.R. Huff.
Real estate: Lehndorff; AEW; Metric.
Defined contribution managers:
Domestic equities: Equinox; Wells Fargo.
International equities: Capital Guardian.
Domestic fixed-income: Miller Anderson; PIMCO.
Money Market: Payden & Rygel; Western Asset.
The master trustee/custodian and global custodian is State Street Bank & Trust Co.
Key personnel overseeing the investment management of the fund are Beverly L. Hamilton, president and chief investment officer, ARCO Investment Management Co.; Richard W. Steenken, director of domestic equity; Richard J. Miller, director of fixed income. Ms. Hamilton oversees the defined contribution plan.
