Long-Term Growth Pool Asset Allocation & Expenses December 2013

Target Fee 45% Equity Allocation (%) 100% 17% US. Large Capitalization Vanguard 500 5.1% 0.04 Adage Capital 3.4% 0.50 Dodge & Cox 4.3% 0.52 U.S. Large Cap Equity Touchstone (Sands Capital) 2.1% 0.75 90% Capital Counsel 2.1% 0.80 4% U.S. Mid Capitalization Times Square 2.0% 0.80 U.S. Mid 2.0% 0.65 Cooke & Bieler 80% Cap Equity 4% U.S. Small Capitalization U.S. Small Ariel 2.0% 1.00 Cap Equity Artisan Partners 2.0% 1.06 10% International Developed Markets International Artisan Partners 3.0% 0.98 70% Equity Silchester 3.0% 0.98 Gryphon International 3.0% 0.90 Vanguard 1.0% 0.07 Emerging 5% Emerging Markets Markets Westwood Global 3.0% 1.25 60% Opportunistic Dimensional Fund Advisors 2.0% 0.61 & Special 5% Opportunistic/ Situation Various managers and strategies 5.0% 1.50 U.S. 50% Aggregate 25% Fixed Income Bonds 10% U.S. Aggregate Bonds PIMCO 5.0% 0.46 TIPS Income Research & Management 5.0% 0.35 4% Treasury Inflation Protected Securities 40% U.S. High Vanguard 4.0% 0.07 Yield Bonds 4% US High Yield Bonds Global Post Advisory 4.0% 0.75 Bonds 7% Global Bonds Colchester Global 3.5% 0.55 30% GMO 3.5% 0.43 30% Alternatives1 Funds 9% Direct Hedge Funds Various managers and strategies 9.0% 1.42 20% Fund of 6% Fund of Hedge Funds Hedge Funds Various managers and strategies 6.0% 0.88 2 Private 5% Private Equity Equity Various managers and strategies 5.0% 1.64 10% 5% Private Real Assets/Real Estate Real Assets Various managers and strategies 5.0% 1.60 Real Estate 5% Commodities Wellington 5.0% 0.90 Commodities 0% Asset Weighted Total 100% 0.85 Custodian Bank 0.02 Investment Consulting and Administration 0.07 Total Investment Expenses* 0.94

1 Expenses shown do not include carried interest or the expense of individual managers within . 2 Private equity includes venture capital, buyout and special situation funds and fund of funds. * Estimated expenses of 0.90% to 1.00% are subject to change from changes in policy, managers or service providers. Source: Colonial Consulting, LLC 2/7/2014 Long-Term Growth Pool Alternative Investments December 2013

Hedge Fund Portfolio Strategy Canyon Value Realization Multi-strategy value-oriented credit manager. Strategies include bank debt, high yield, distressed and special situactions, equities, convertible and risk arbitrage.

Davidson Kempner Multi-strategy event-driven asset manager. Strategies include merger arbitrage, distressed and bankrupt company debt and convertible bond arbitrage.

Eminence Fund Long/ equity manager focused on publicly traded U.S. and non-U.S. equities based on fundamental bottom-up research.

Forester Capital* Hedged equity fund of funds investing in fund managers who employ a classic approach of investing in short and long positions in equity securities.

Hall Capital* Multi-strategy fund of funds investing in fund managers employing fundamental, cash-flow oriented analysis of companies and events.

King Street Capital Multi-strategy credit and event driven manager. Strategies include bankruptcy, arbitrage, special situations, distressed and deep value investments.

Regiment Capital Multi-strategy credit oriented manager. Strategies include long and short high yield bonds, leveraged loans, selected equities and other strategic hedge trades primarily in the U.S.

Tiger Consumer Partners Long/short equity manager investing in consumer retail stocks across the globe. Strategy is heavily research-focused and seeks to earn the vast majority of its returns from stock selection.

Private Equity Strategy Capital Dynamics* HRJ Growth Capital II Diversified portfolio of premier buy-out and special situation funds across a wide variety of industries worldwide

Centerbridge Capital Partners II Private equity and distressed assets largely in the North America and Europe

Legacy Ventures* Funds II through VI Venture capital fund of funds accessing premier managers investing in early and late stage companies worldwide across information technology, life sciences and clean technologies

Portfolio Advisors* Funds III, IV Diversified portfolio of premier buy-out and special situation funds and secondary purchases

Regiment Capital Special Situaction Fund V Direct investments and financing in middle market companies primarily in North America

Värde Fund X Distressed assets in nonperforming and underperforming loans and high-yield debt primarily in the U.S. and Europe

Private Real Assets Strategy Alcion Ventures Real Estate Partners Fund II High-yield investment properties uniquely positioned in select North American markets

Denham Commodities Partners Funds V, VI Global energy and commodities sectors including power and carbon, natural resources and energy infrastructure

Lowe Real Estate Value-added, income-producing commercial properties in the United States, diversified geographically and by product type

Lyme Timber Forest Fund III Timberland and rural real estate in the U.S. and Canada with conservation-related investment strategies and operational restructution opportunities to enhance risk-adjusted returns

Menlo Realty Partners Acquires, invest and dispose privately held real estate investment entities

Merit Energy Fund H Merit acquires, operates and develops a diverse portfolio of quality, mature producing oil and gas properties in the United States

* Fund of funds are a multi-manager investment strategy that invests in other funds rather than investing directly in companies or securities.