Kaiser Permanente
($ millions)
Total assets 8,525
Defined benefit 6,236
Total defined contribution 2,289
*401(k)/457 1,022
Employer DB contributions 376
Benefit payments 257
Defined benefit asset mix:
Stocks 67%
Fixed income 32%
Cash equivalents 1%
Defined contribution asset mix:
Stock 28%
Fixed income 38%
GICs/BICs 34%
OAKLAND, Calif. - As of Sept. 30, Kaiser Permanente's total employee benefit assets increased 24% from a year earlier. Defined benefit assets increased 23% during the same period; defined contribution assets increased 26%.
Employer contributions to the defined benefit plan increased 100%; benefits paid increased 30%.
Defined benefit managers:
Domestic equities: Fred Alger; BGI; Essex; Husic; Mackay-Shields; Cooke & Bieler; Delaware; Neuberger & Berman.
International equities: Marathon; Rowe-Price Fleming.
Domestic fixed-income: Loomis Sayles; Miller Anderson; Nicholas-Applegate, T. Rowe Price.
International fixed-income: Miller Anderson; Nicholas-Applegate.
Defined contribution managers:
Domestic equities: Vanguard; BGI; Essex.
International equities: Rowe-Price Fleming; Brinson.
Domestic fixed-income: Miller Anderson.
Balanced: Vanguard.
The master trustee/custodian is Bankers Trust.
The key person overseeing the investment management of the defined benefit fund is Janice Murphy, vice president and treasurer. Overseeing the defined contribution plan are Vyvian Heath, senior treasury analyst, and Ms. Murphy.
Kansas Public Employees'
Retirement System
($ millions)
Total assets 8,115
Defined benefit 8,115
Employer DB contributions 327
Benefit payments 474
Internally managed assets:
Defined benefit 195
The fund uses:
Stock options
Bond options
Stock index futures
Fixed-income futures
Defined benefit asset mix:
Stocks 57.7%
Fixed income 28.9%
Cash equivalents 6.7%
Real estate equity 5.7%
Other 1.0%
TOPEKA, Kan. - As of Sept. 30, Kansas Public Employees' Retirement System total employee defined benefit assets increased 16% from a year earlier.
Employer contributions to the defined benefit plan increased 129%; benefits paid increased 19%.
Defined benefit managers:
Domestic equities: BGI; Provident; Brinson; Capital Guardian; Pilgrim Baxter.
International equities: Lazard Freres; Morgan Stanley; Bankers Trust; Nomura; and Alliance.
Domestic fixed-income: Boston Co.; Loomis Sayles; PIMCO; BGI.
International fixed-income: Julius Baer; Fiduciary Trust.
Real estate: ERE Yarmouth; L&B; J.W. O'Connor.
Other: Pareto Partners; Pacholder; Portfolio Advisors; and Payden & Rygel.
The master trustee/custodian is Mellon Trust.
Key personnel overseeing the investment management of the fund are Robert Woodard, chief investment officer, and Scott Peppard, assistant investment officer.
Kentucky Retirement
Systems
($ millions)
Total assets 9,840
Defined benefit 9,840
Employer DB contributions 273
Benefit payments 312
Internally managed assets 4,515
The fund uses:
Swaps
Defined benefit asset mix:
Stocks 65%
Fixed income 23%
Cash equivalents 3%
Real estate equity 5%
Mortgages 4%
FRANKFORT, Ky. - As of Sept. 30, the Kentucky Retirement System's total employee benefit assets - all defined benefit - increased 36.2% from a year earlier.
Employer contributions increased 35.8%; benefits paid increased 25.3%.
Defined benefit managers:
Domestic equities: Alliance Capital; ANB; Investment Counselors of Maryland.
Domestic fixed-income: Lincoln Capital; National Asset; Weaver C. Barksdale.
Real estate: ERE Yarmouth; Heitman; Westmark.
The master trustee/custodian is Farmers Bank and Trust.
Key personnel overseeing the investment management of the fund are Pamala S. Johnson, general manager; and Robert S. Leggett, deputy commissioner-investments.
Kentucky Teachers'
Retirement System
($ millions)
Total assets 9,971
Defined benefit 9,971
Employer DB contributions 329
Benefit payments 496
Internally managed assets:
Defined benefit 4,650
Defined benefit asset mix:
Stocks 45%
Fixed income 38%
Cash equivalents 13%
Real estate equity 2%
Mortgages 2%
FRANKFORT, Ky. - As of Sept. 30, the Kentucky Teachers' Retirement System's total employee benefit assets increased 23%. All assets are defined benefit.
Employer contributions to the defined benefit plan increased 7%; benefits paid increased 42%.
Defined benefit managers:
Domestic equities: Todd Investment; Wellington Management; Brinson.
Domestic fixed-income: Todd Investment; National Asset Management.
The master trustee/custodian is Farmers Bank and Capital Trust.
Key personnel overseeing the investment management of the fund are Pat Miller, executive secretary; and Stuart Reagan, deputy executive secretary of investments.
