School Employees Retirement System of Ohio
($ millions)
Total assets 6,765
Defined benefit 6,765
Employer DB contributions 265
Benefit payments 445
Internally managed assets 35
Defined benefit asset mix:
Domestic stocks 43.7%
Foreign stocks 13.4%
Domestic fixed income 31.3%
Cash equivalents 0.5%
Real estate equity 10.2%
Mortgages 0.4%
Venture capital 0.5%
COLOMBUS, Ohio -- As of Sept. 30, the School Employees Retirement System of Ohio's total employee benefit assets, all defined benefit, increased 3% from a year earlier. Employer contributions to the plan increased 2%; benefits paid increased 9%.
Defined benefit managers:
Domestic equities: Brandywine; Equinox; Gardner Lewis; Geewax, Terker; Lincoln Capital; MacKay-Shields; Oak Associates; State Street Global.
International equities: State Street Global; Oechsle International; Sanford C. Bernstein.
Domestic fixed-income: Dodge & Cox; J.P. Morgan; Johnson Investment Counsel; Sanford C. Bernstein; Western Asset.
Real estate: Allegis; CIGNA; LaSalle; Morgan Guaranty Trust; Phoenix Homelife; Sentinel; Koll/Bren; Lend Lease; L&B; INVESCO; CRA.
Emerging markets: Sanford C. Bernstein.
Venture capital: Alpha Capital; Blue Chip; Brantley; CID; Morgenthaler; Primus.
The defined benefit master trustee/custodian is the state treasurer; the subcustodian is Huntington Bank. The global custodian is Bank of New York.
Key personnel overseeing the investment management of the fund are Douglas L. Sisson, senior investment officer-equities; Marilyn Brugger, investment officer-fixed income; and Malcolm Goepfert, investment officer-real estate and alternative investments.
The State Teachers Retirement System of Ohio
($ millions)
Total assets 43,864
Defined benefit 43,864
Employer DB contributions 1,036
Benefit payments 2,089
Internally managed assets 38,334
The fund uses:
Stock options
Stock index futures
Swaps
Defined benefit asset mix:
Domestic stocks 43.3%
Foreign stocks 19.0%
Domestic fixed income 23.0%
Cash equivalents 4.8%
Real estate equity 9.5%
Alternative investments 0.4%
COLUMBUS, Ohio -- As of Sept. 30, the State Teachers Retirement System of Ohio's employee benefit assets decreased less than 1% from a year earlier. All assets are defined benefit.
Employer contributions to the defined benefit plan increased 3%; benefits paid increased 13%.
During the past year, the fund invested in a number of venture capital/private equity partnerships.
Defined benefit managers:
International equities: Babson-Stewart Ivory; Sanford C. Bernstein; BlackRock International; Foreign & Colonial; Genesis Asset; J.P. Morgan; Lazard Freres; PanAgora; Marvin & Palmer; Schroder Capital; State Street Global.
Real estate: John Hancock Timber; MetLife Agriculture; Batterymarch Agrivest.
The master custodian is Fifth Third Bank; the global custodian is Bank of New York.
Key personnel overseeing the investment management of the fund are Herbert L. Dyer, executive director; Stephen A. Mitchell, deputy executive director, investments; and Betsey L. Lynch and John K. Imboden, assistant directors, investments.
Oklahoma Public Employees Retirement System
($ millions)
Total assets 4,639
Defined benefit 4,639
Employer DB contributions 144
Benefit payments 182
Defined benefit asset mix:
Domestic stocks 40%
Foreign stocks 11%
Domestic fixed income 32%
Foreign fixed income 2%
Cash equivalents 2%
Real estate equity 1%
Other 12%
OKLAHOMA CITY -- As of Sept. 30, the Oklahoma Public Employees Retirement System's total employee benefit assets, all defined benefit, increased 8.3% from a year earlier. Employer contributions increased 6.7%; benefits paid increased 9%.
Defined benefit managers:
Domestic equities: Alliance; Scudder Kemper; TCW; BGI; David L. Babson; Dresdner RCM; T. Rowe Price.
Fixed-income: Hoisington; Firstar; Back Bay.
Global equities: Scudder Kemper; BGI; Capital Guardian; Genesis.
Real estate: Lend Lease; AEW.
The defined benefit master trustee/custodian and global custodian is Bankers Trust.
Key personnel overseeing investment management of the fund are Stephen C. Edmonds, executive director; and Karen L. Montgomery, deputy director.
Teachers' Retirement System of Oklahoma
($ millions)
Total assets 4,851
Defined benefit 4,562
Total defined contribution 289
Employer DB contributions 297
Benefit payments 420
Total DC contributions 9
Internally managed assets:
Defined benefit 26
Defined benefit asset mix:
Domestic stocks 50%
Foreign stocks 11%
Domestic fixed income 32%
Foreign fixed income 6%
Cash equivalents 1%
Defined contribution asset mix:
Stock 61%
Fixed income 38%
Cash equivalents 1%
OKLAHOMA CITY -- As of Sept. 30, the Teachers' Retirement System of Oklahoma's total employee benefit assets increased 6% from a year earlier. Defined benefit assets increased 6% during the same period; defined contribution assets increased 3.5%.
Employer contributions to the defined benefit plan increased 8%; benefits paid increased 7%.
During the past year, the fund hired three small-cap equity managers to manage a total of $235 million.
Defined benefit and defined contribution managers:
Domestic equities: Denver; Kopp; Shapiro; Bankers Trust; Liberty; Hotchkis & Wiley; Aronson; Miller Anderson; Wellington.
International equities: Bank of Ireland; Brandes.
Domestic fixed-income: Neuberger Berman; Mellon Bond.
International fixed-income: Brinson.
The master trustee/custodian and global custodian for both plans is Bankers Trust.
Key personnel overseeing the investment management of the defined benefit fund are Tommy C. Beavers, executive secretary; Jo D. Witt, chief investment officer; and Charles W. Puckett, investment officer. Overseeing the defined contribution plan are Mr. Beavers and Dixie L. Robelen, deferred benefits administrator.
