California Public Employees'
Total assets 127,656
Defined benefit 127,599
Employer DB contributions 1,986
Benefit payments 4,097
Internally managed assets:
Defined benefit 80,587
Defined contribution 12
The fund uses:
Stock index futures
Defined benefit asset mix:
Fixed income 27.7%
Cash equivalents .0.9%
Real estate equity 5.0%
Defined contribution asset mix:
Other stock 65%
Fixed income 6%
Cash equivalents 17%
SACRAMENTO, Calif. - As of Sept. 30, the California Public Employees' Retirement System total employee benefit assets increased 24% from a year earlier. Defined benefit assets increased 24% during the same period; defined contribution assets increased 338%.
Employer contributions to the defined benefit plan increased 7%; benefits paid increased 7%.
Defined benefit managers:
Domestic equities: Dimensional Fund; Oppenheimer; RCM; State Street Global; Amerindo; Brown; Oak; Spare, Kaplan; Valenzuela; ValueQuest.
International equities: Baring; Brinson; Fiduciary Trust; Julius Baer; Mercury Asset; Morgan Grenfell; Nomura; Oechsle; Paribas; Schroder; State Street Bank; TCW; Newport; ValueQuest.
Real estate: Kennedy; ERE Yarmouth; LaSalle; RREEF; Prudential; Westmark; W.P. Carey; AMB; AMRESCO; IBEX; GE Capital.
Currency overlay: BEA; Pareto; State Street Bank.
Defined contribution managers:
Domestic equities: Oppenheimer; Brown.
International equities: Morgan Grenfell.
The master trustee/custodian and global custodian is State Street Bank & Trust.
Key personnel overseeing the investment management of the fund are James Burton, chief executive officer; Sheryl Pressler, chief investment officer; and Bob Boldt, senior investment officer. Overseeing the defined contribution plan is Martin Walton, program manager.