Comprehensive Annual Financial Report - Minnesota State ...
Comprehensive Annual Financial Report - Minnesota State ... Comprehensive Annual Financial Report - Minnesota State ...
Schedule of Administrative Expenses 44 Administrative Expenses Public Employees Retirement Association of Minnesota For the Fiscal Year Ended June 30, 2012 (in thousands) Personal Services Staff Salaries $6,941 Part-Time, Seasonal Labor 124 Other Benefits 70 Total Personal Services Professional Services $ 7,135 Actuary $ 295 Legal 93 Financial 122 Management Consultants 48 Medical Evaluations 89 System Development 23 Total Professional Services Communications $ 670 Mail & Telephone Services $ 633 Printing & Publications 78 Total Communication Office Building & Maintenance $ 711 Building $ 473 Depreciation—Building 287 Bond Interest 520 Total Building and Maintenance Other $ 1,280 Depreciation—Equipment $ 74 Employee Development 68 Equipment Maintenance 410 Indirect Costs 104 Operating Costs 41 Supplies and Materials 403 Travel 75 Minneapolis Police & Fire Admin Exp 101 Total Other $ 1,276 Total Administrative Expense $11,072 Allocation of Administrative Expense Defined Benefit Plans General Employees Retirement Fund $9,650 Public Employees Police and Fire Fund 855 Public Employees Correctional Fund 229 Minneapolis Employees Retirement Fund 172 Statewide Volunteer Firefighter Defined Contribution Plans 21 Public Employees Defined Contribution Plan 145 Total Administrative Expenses $11,072
Investment Report Investment Results Asset Allocation List of Largest Assets Held Investment Summary at Fair Value Fair Value of Investments Schedule of Investment Fees State Butterfly — Monarch (adopted in 1998) - Photo by Derek Ramsey - Investment Section
- Page 1 and 2: Pink Lady Slipper, Minnesota State
- Page 3 and 4: Board of Trustees Don Rambow — Bo
- Page 5 and 6: Achievement Awards President's Repo
- Page 7 and 8: Achievement Awards GFOA The Governm
- Page 9 and 10: December 27, 2012 Board of Trustees
- Page 11 and 12: Economic Conditions and Outlook Alt
- Page 13 and 14: National Recognition PERA has an ou
- Page 15 and 16: Ross E. Arneson General Membership
- Page 17 and 18: The Public Employees Police and Fir
- Page 19 and 20: Pre-Age 62 Increase — This pensio
- Page 21 and 22: Legislative Auditor’s Report Mana
- Page 23 and 24: Legislative Auditor’s Report O L
- Page 25 and 26: Financial Highlights å PERA’s Ne
- Page 27 and 28: made in 2010 and contribution rate
- Page 29 and 30: This page left blank intentionally.
- Page 31 and 32: Statewide Public Employees Agency F
- Page 33 and 34: Financial Section Minneapolis Emplo
- Page 35 and 36: facilities. Elected officials and a
- Page 37 and 38: are recognized as revenues when due
- Page 39 and 40: å The aggregate value of these obl
- Page 41 and 42: of the value protected by the wrap
- Page 43 and 44: age of pay, and are specified in st
- Page 45 and 46: Employer pension contributions for
- Page 47 and 48: Schedule of Employer Contributions
- Page 49: Source of Expenses Schedule of Inve
- Page 53 and 54: Investment Report MINNESOTA STATE B
- Page 55 and 56: 25% 20% 15% 10% 5% 0% -5% -10% -15%
- Page 57 and 58: Investment Summary at Fair Value Fo
- Page 59 and 60: SBI & Consultants: State Board of I
- Page 61 and 62: Actuary’s Certification Letter Su
- Page 63 and 64: Actuary’s Certification Letter De
- Page 65 and 66: General Employees Retirement Fund A
- Page 67 and 68: Other Assumptions Separation GERF u
- Page 69 and 70: General Employees Retirement Fund A
- Page 71 and 72: Public Employees Correctional Fund
- Page 73 and 74: General Employees Retirement Fund A
- Page 75 and 76: Public Employees Correctional Fund
- Page 77 and 78: Introduction Schedule of Changes in
- Page 79 and 80: Introduction December 14, 2012 Publ
- Page 81 and 82: Statistical Section 2007 2008 2009
- Page 83 and 84: Statistical Section 2007 2008 2009
- Page 85 and 86: Statistical Section 2007 2008 2009
- Page 87 and 88: Fire Department Statistical Section
- Page 89 and 90: General Employees Retirement Fund A
- Page 91 and 92: Statistical Section Schedule of New
- Page 93 and 94: General Employees Retirement Fund S
- Page 95 and 96: Schedule of Benefit Recipients by T
- Page 97 and 98: Top 10 States by PERA Annuitant Pop
- Page 99 and 100: General Employees Retirement Fund P
Schedule of Administrative Expenses<br />
44<br />
Administrative Expenses<br />
Public Employees<br />
Retirement Association<br />
of <strong>Minnesota</strong><br />
For the Fiscal Year Ended June 30, 2012 (in thousands)<br />
Personal Services<br />
Staff Salaries $6,941<br />
Part-Time, Seasonal Labor 124<br />
Other Benefits 70<br />
Total Personal Services<br />
Professional Services<br />
$ 7,135<br />
Actuary $ 295<br />
Legal 93<br />
<strong>Financial</strong> 122<br />
Management Consultants 48<br />
Medical Evaluations 89<br />
System Development 23<br />
Total Professional Services<br />
Communications<br />
$ 670<br />
Mail & Telephone Services $ 633<br />
Printing & Publications 78<br />
Total Communication<br />
Office Building & Maintenance<br />
$ 711<br />
Building $ 473<br />
Depreciation—Building 287<br />
Bond Interest 520<br />
Total Building and Maintenance<br />
Other<br />
$ 1,280<br />
Depreciation—Equipment $ 74<br />
Employee Development 68<br />
Equipment Maintenance 410<br />
Indirect Costs 104<br />
Operating Costs 41<br />
Supplies and Materials 403<br />
Travel 75<br />
Minneapolis Police & Fire Admin Exp 101<br />
Total Other $ 1,276<br />
Total Administrative Expense $11,072<br />
Allocation of Administrative Expense<br />
Defined Benefit Plans<br />
General Employees Retirement Fund $9,650<br />
Public Employees Police and Fire Fund 855<br />
Public Employees Correctional Fund 229<br />
Minneapolis Employees Retirement Fund 172<br />
<strong>State</strong>wide Volunteer Firefighter<br />
Defined Contribution Plans<br />
21<br />
Public Employees Defined Contribution Plan 145<br />
Total Administrative Expenses $11,072
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