Public Employees' Retirement Board, Department of Administration, Financial Audit for the Fiscal Year Ended .. 2003
Public Employees' Retirement Board, Department of Administration, Financial Audit for the Fiscal Year Ended .. 2003
Montana. Legislature. Legislative Audit Division
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equity market by including small and mid-cap compa- nies and reduces volatility by incorporat- ing an index component to the domestic equity portfoho. Participants in MTCP were automatically transferred into the new pool. The PERS-DCRP and the defen-ed com- pensation plan's fixed assets were in- vested and managed on behalf of the plan by Pacific Investment Management Com- pany (PIMCO)/State Street Kansas City A-2I (SSKC). The third party record keeper, Great West Life & Annuity Insurance Co., ...tracks and reports the daily trading and valuations of all investment options including the assets held by the individual mutual fund companies. Investments are reported at fair value as of June 30, 2003. The follov^fing ai-e the PERB summaries of the BOI's fiscal year end statements, the PIMCO/SSKC contract and a state- ment about the variable investments. STIP portfoho may include asset-backed securities, commercial paper, corporate and government securities, repurchase agreements and variable-rate (floating- rate) instruments.
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