Teamsters, Central States, Southeast and Southwest Areas Pension Fund
($ millions)
Total assets 17,359
Defined benefit 17,359
* DEFINED BENEFIT PLAN:
Employer contributions 1,130
Benefit payments 2,028
Asset mix:
Domestic stocks 36.4%
Domestic fixed income 34.7%
Foreign stocks 21.9%
Foreign fixed income 1%
Cash equivalents 3.6%
Real estate equity 1.4%
Other 1%
ROSEMONT, Ill.- As of Sept. 30, the Central States, Southeast and Southwest Areas Pension Fund's total employee benefit assets, all defined benefit, decreased 18% from a year earlier.
Employer contributions to the plan increased 10%; benefits paid increased 8%.
Key personnel overseeing the investment management of the defined benefit plan are Mark F. Angerame, director of finance; Janice M. Jankowicz, manager-financial accounting and reporting; and Mark L. Vieu, manager-investment monitoring.
Western Conference of Teamsters Pension Trust
($ millions)
Total assets 22,604
Defined benefit 22,604
* DEFINED BENEFIT PLAN:
Employer contributions 981
Benefit payments 1,352
Asset mix:
Domestic stocks 36.8%
Domestic fixed income 56.1%
Cash equivalents 0.7%
Real estate equity 5.1%
Mortgages 1.3%
SEATTLE - As of Sept. 30, the Western Conference of Teamsters Pension Trust's total employee benefit assets, all defined benefit, decreased 5.2% from 14 months earlier.
Employer contributions to the plan increased 7.6%; benefits paid increased 9.9%.
DEFINED BENEFIT MANAGERS:
Domestic equities: Camden; BGI; J.P. Morgan Fleming; Goldman Sachs; Mellon; Northern Trust; PIMCO.
Domestic fixed-income: Prudential; Goldman Sachs; Dodge & Cox; W.R. Huff.
Real estate: Prudential; UBS; TA.
The investment consultant is Alan D. Biller.
Key personnel overseeing the investment management of the plan are: Bill Lubersky and Rome Aloise, co-chairmen of the investment committee; and Owen Bennett and Tony Lock, trust co-chairmen.
Tennessee Consolidated Retirement System
($ millions)
Total assets 23,187
Defined benefit 22,652
Defined contribution 535
* DEFINED BENEFIT PLAN:
Employer contributions 336
Benefit payments 756
Asset mix:
Domestic stocks 36.5%
Domestic fixed income 47.1%
Foreign stocks 9.0%
Foreign fixed income 2.6%
Cash equivalents 3.3%
Real estate equity 1.5%
Internally managed assets 20,605
* DEFINED CONTRIBUTION PLAN:
Assets in:
401(k) 406
457 129
Total contributions 60
Asset mix:
Stock 73%
Fixed income 2%
Stable value 14%
Cash equivalents 11%
NASHVILLE, Tenn. - As of Sept. 30, the Tennessee Consolidated Retirement System's total employee benefit assets decreased 7% from a year earlier. Defined benefit assets decreased 7% during the same period; defined contribution assets decreased 17%.
Employer contributions to the defined benefit plan were unchanged; benefits paid increased 19%.
DEFINED BENEFIT MANAGERS:
International equities: J.P. Morgan; Putnam; SG Pacific; Marathon; Walter Scott; Newgate; Capital Guardian.
Real estate: Lend Lease; Clarion; Henderson.
DEFINED CONTRIBUTION MANAGERS:
Domestic equities: Fidelity; State Street.
International equities: Fidelity.
Domestic fixed-income: Calvert.
The investment consultant for the defined benefit plan is Callan.
The key person overseeing investment management of the defined benefit plan is Thomas Milne, chief investment officer. Overseeing the defined contribution plan is Deana R. Hannah, director of deferred compensation.
Tennessee Valley Authority Retirement System
($ millions)
Total assets 6,992
Defined benefit 6,181
Defined contribution 811
* DEFINED BENEFIT PLAN:
Assets in all hybrid plans 104
Assets in cash balance plans 104
Employer contributions 0
Benefit payments 342
Asset mix:
Domestic stocks 49.1%
Domestic fixed income 33.8%
Foreign stocks 9.9%
Foreign fixed income 1.9%
Cash equivalents 0.6%
Private equity 0.2%
Mortgages 4.5%
* DEFINED CONTRIBUTION PLAN:
Assets in:
Corporate 401(k) 811
Total contributions 31
Asset mix:
Stock 74.2%
Fixed income 14.6%
Stable value 11.2%
KNOXVILLE, Tenn. - As of Sept. 30, the Tennessee Valley Authority Retirement System's total employee benefit assets decreased 21% from a year earlier. Defined benefit assets decreased 21% during the same period; defined contribution assets decreased 22%.
Employer contributions to the defined benefit plan were nil, down from $3 million a year earlier; benefits paid held relatively steady.
DEFINED BENEFIT MANAGERS:
Domestic equities: David L. Babson, David J. Greene, Geewax Terker, Goldman Sachs, J.P. Morgan, MacKay Shields, Nicholas-Applegate, PIMCO, Smith Breeden, Wellington.
International equities: T. Rowe Price, BlackRock, Wellington.
Domestic fixed-income: BlackRock, Bradford & Marzec, MacKay Shields, PIMCO, Taplin Canida Habacht, W.R. Huff, Western Asset Management.
International fixed-income: W.R. Huff.
Other: Huff Alternative, Abbott Capital, Wilshire Private Markets.
DEFINED CONTRIBUTION MANAGERS:
Domestic equities: Fidelity.
The defined benefit plan's investment consultant is Wilshire Associates.
Key personnel overseeing the investment management of both plans are Randy Snyder, executive secretary, and Patrick Brackett, manager, accounting and investments.
Texas County and District Retirement System
($ millions)
Total assets 8,315
Defined benefit 8,315
* DEFINED BENEFIT PLAN:
Assets in all hybrid plans 8,315
Employer contributions 450
Benefit payments 284
Asset mix:
Domestic stocks 23%
Domestic fixed income 73%
Foreign stocks 4%
Internally managed assets 5,668
AUSTIN, Texas - As of Sept. 30, the Texas County and District Retirement System's total employee benefit assets, all defined benefit, increased 4% from a year earlier.
Employer contributions to the plan increased 4%; benefits paid increased 9%.
DEFINED BENEFIT MANAGERS:
Domestic equities: SSgA; Cohen & Steers; Fidelity.
International equities: SSgA.
Domestic fixed income: Oaktree; W.R. Huff.
The investment consultant is Wilshire.
Key personnel overseeing the investment management of the defined benefit plan are Paul J. Williams, investment officer, and Dianna Amescua, deputy investment officer.
Employees Retirement System of Texas
($ millions)
Total assets 18,770
Defined benefit 17,883
Defined contribution 887
* DEFINED BENEFIT PLAN:
Employer contributions 289
Benefit payments 846
Asset mix:
Domestic stocks 37.8%
Domestic fixed income 45.8%
Foreign stocks 16.1%
Private equity 0.3%
Internally managed assets 13,597
* DEFINED CONTRIBUTION PLAN:
Assets in:
401(k) 579
457 308
Total contributions 90
Asset mix:
Stock 68%
Fixed income 16%
Stable value 10%
Cash equivalents 3%
Self-directed brokerage 3%
AUSTIN, Texas - As of Sept. 30, the Employees Retirement System of Texas' total employee benefit assets decreased 11% from a year earlier. Defined benefit assets decreased 11% during the same period; defined contribution assets decreased 12%.
Employer contributions to the defined benefit plan increased 1%; benefits paid increased 21%.
DEFINED BENEFIT MANAGERS:
Domestic equities: Alliance Bernstein; Montag & Caldwell.
International equities: Dresdner RCM.
Domestic fixed-income: American General; Fountain Capital.
Other managers: Texas Growth Fund Management.
DEFINED CONTRIBUTION MANAGERS:
Domestic equities: Davis; SAFECO; Janus; Vanguard; Arnhold and S. Bleichroeder.
International equities: Fidelity; Janus.
Domestic fixed-income: Fidelity; Janus.
Other: Charles Schwab.
The investment consultant for the defined benefit plan is Callan.
Key personnel overseeing the investment management of the defined benefit plan are Kathy-Ann Reissman, director of investments; James Sherwin, director of domestic equities; and Larry Wood, director of fixed income. Overseeing the defined contribution plan are Joe Golson, director of benefit contracts; Della Williamson, director of deferred compensation; and Donna Miller, program administrator.
Texas Municipal Retirement System
($ millions)
Total assets 8,790
Defined contribution 8,790
* DEFINED CONTRIBUTION PLAN:
Internally managed assets 8,790
Total contributions 294
Asset mix:
Fixed income 100%
AUSTIN, Texas- As of Sept. 30, the Texas Municipal Retirement System's total employee benefit assets, all defined contribution, increased 23% from a year earlier.
Holbein is investment consultant for the plan.
Key personnel overseeing the investment management of the plan are Preston G. Craig, director of investments; Nancy Goerdel, investments officer; and Mike Beuerlein, investment operations officer.
Teacher Retirement System of Texas
($ millions)
Total assets 75,109
Defined benefit 75,109
* DEFINED BENEFIT PLAN:
Employer contributions 1,279
Benefit payments 3,600
Asset mix:
Domestic stocks 51.0%
Domestic fixed income 35.6%
Foreign stocks 10.4%
Cash equivalents 1.0%
Private equity 0.4%
Real estate equity 0.7%
Other ..0.9%
Internally managed assets 75,109
AUSTIN, Texas - As of Sept. 30, the Teacher Retirement System of Texas' total employee benefit assets - all defined benefit - decreased 14% from a year earlier.
Employer contributions to the defined benefit plan decreased 9%; benefits paid increased 8%.
The investment consultant for the plan is Wellington.
Key personnel overseeing the investment management are John W. Peavy, chief investment officer; Michael Brakebill, director of domestic equities; James Hille, director of international equities; Keith Garrison, director of alternative assets; and Herman Martina, director of fixed income.
Textron Inc.
($ millions)
Total assets 5,274
Defined benefit 4,020
Defined contribution 1,254
* DEFINED BENEFIT PLAN:
Employer contributions 5
Benefit payments 209
Asset mix:
Domestic stocks 36.3%
Domestic fixed income 33.0%
Foreign stocks 10.2%
Cash equivalents 4.4%
Private equity 7.4%
Real estate equity 8.7%
* DEFINED CONTRIBUTION PLAN:
Assets in:
Other DC 1,254
Total contributions 166
Asset mix:
Sponsoring company stock 57.9%
Other stock 19.2%
Fixed income 2.6%
Stable value 15.8%
Other 4.5%
PROVIDENCE, R.I. - As of Sept. 30, Textron Inc.'s total employee benefit assets decreased 11.8% from a year earlier. Defined benefit assets decreased 13.1% during the same period; defined contribution assets decreased 7.3%.
Employer contributions to the defined benefit plan remained the same; benefits paid increased 2.4%.
DEFINED BENEFIT MANAGERS:
Domestic equities: Putnam; BGI; Alliance Bernstein; Delaware Investments; Fidelity; David L. Babson; Wellington.
International equities: Capital Guardian; Lazard Freres; Bank of Ireland.
Domestic fixed-income: Phoenix Duff & Phelps; Income Research & Management; TCW; BGI; Putnam.
Real estate: RREEF; Hamilton Lane.
Other: Hamilton Lane; TCW; Credit Suisse.
DEFINED CONTRIBUTION MANAGERS:
Domestic equities: Putnam; Bank One.
International equities: Putnam.
Domestic fixed-income: Bank One.
The investment consultant for the defined benefit plan is Evaluation Associates.
Key personnel overseeing the investment management of both plans are Deborah A. Imondi, assistant treasurer; Louise A. Fortin, director, pension investments; and Karen C. Jessey, investment counsel.
Tribune Co.
($ millions)
Total assets 4,589
Defined benefit 1,732
Defined contribution 2,857
* DEFINED BENEFIT PLAN:
Employer contributions 0
Benefit payments 55
Asset mix:
Domestic stocks 45%
Domestic fixed income 31%
Foreign stocks 16%
Cash equivalents 1%
Private equity 5%
Real estate equity 2%
* DEFINED CONTRIBUTION PLAN:
Assets in:
Corporate 401(k) 1,527
Other DC 1,330
Total contributions 96
Asset mix:
Sponsoring company stock 47%
Other stock 31%
Fixed income 1%
Stable value 5%
Cash equivalents 14%
Other 2%
CHICAGO - As of Sept. 30, the Tribune Co.'s total employee benefit assets decreased 3% from a year earlier. Defined benefit assets decreased 5% during the same period; defined contribution assets decreased 2%.
DEFINED BENEFIT MANAGERS:
Domestic equities: Capital Guardian; Dimensional Fund Advisors; INVESCO; J.P. Morgan Fleming; Kenwood; Northern Trust; Alliance Bernstein; SSgA; UBS Brinson; Vanguard.
International equities: Capital Guardian; Deutsche; UBS Brinson.
Domestic fixed income: Aetna; J.P. Morgan Fleming; PIMCO; Prudential; UBS Brinson.
Real estate: JMB; J.P. Morgan; UBS Brinson.
Venture capital: Constellation; eCompanies; Idealab; Knightsbridge; TM-Walden; Walden; Zone Ventures.
Private equity: 21st Century; Baring; Brentwood; CG; Crossroads; J.P. Morgan; Sandler; TCW/Oaktree; Tennenbaum; Zell/Chillmark.
DEFINED CONTRIBUTION MANAGERS:
Domestic equities: Fidelity; Miller Anderson Sherrerd; Pilgrim Baxter; Brinson; Vanguard.
International equities: Fidelity; Vanguard.
Domestic fixed-income: Fidelity; PIMCO; Vanguard.
Balanced funds: INVESCO; Vanguard.
The investment consultant for the defined benefit plan is Richards & Tierney.
Key personnel overseeing the investment management of both plans are David J. Granat, vice president/treasurer; Chandler Bigelow, assistant treasurer; and Jennifer Uson, senior manager, corporate finance.
TRW Inc.
($ millions)
Total assets 5,323
Defined benefit 2,939
Defined contribution 2,384
* DEFINED BENEFIT PLAN:
Employer contributions 1
Benefit payments 278
Asset mix:
Sponsoring company stock 4.8%
Other domestic stocks 41.6%
Domestic fixed income 21.5%
Foreign stocks 15.7%
Foreign fixed income 2.8%
Cash equivalents 2.8%
Private equity 0.4%
Real estate equity 10.4%
Internally managed assets 1,017
* DEFINED CONTRIBUTION PLAN:
Assets in corporate 401(k) 2,384
Total contributions 190
Asset mix:
Sponsoring company stock 27.1%
Other stock 46.7%
Fixed income 5.0%
Stable value 21.2%
CLEVELAND - As of Sept. 30, TRW Inc.'s total employee benefit assets decreased 12% from a year earlier. Defined benefit assets decreased 12% during the same period; defined contribution assets decreased 12%.
Employer contributions to the defined benefit plan decreased 77%; benefits paid decreased 3%.
DEFINED BENEFIT MANAGERS:
Domestic equities: Alliance Bernstein, Putnam; SSgA; Investment Counselors of Maryland; Pilgrim Baxter.
International equities: AQR; Acadian; Alliance Bernstein; Fidelity; Putnam; SSgA.
Domestic fixed income: Hoisington.
International fixed-income: J.P. Morgan; Deutsche Asset; PIMCO.
Real estate: DRA; Hart Advisors; RD Properties; Lend Lease.
Cash: Boston Asset.
DEFINED CONTRIBUTION MANAGERS:
Domestic equities: Putnam; Fidelity; Pilgrim Baxter.
International equities: Alliance Bernstein; Putnam.
Domestic fixed income: PIMCO.
GICs: PRIMCO.
The investment consultant for the defined contribution plan is Putnam.
The key person overseeing the investment management of the defined benefit plan is Robert Hamje, president and chief investment officer. Overseeing the defined contribution plan are Mr. Hamje and Ann Killian, vice president, compensation and benefits.
