Comprehensive Annual Financial Report - Minnesota State ...

General Employees Retirement Fund
Actuarial Section
Determination of
Actuarial Value of Assets
As of June 30, 2012 (in thousands)
Fair value of assets available for benefits (a) $ 13,577,653
Original % Not Unrecognized
Calculation of unrecognized return Amount Recognized Return
Year ended June 30, 2012 $ (821,722) 80% $ (657,378)
Year ended June 30, 2011 1,657,793 60% 994,676
Year ended June 30, 2010 672,522 40% 269,009
Year ended June 30, 2009 (3,451,678) 20% (690,336)
Total unrecognized return (b) $ (84,029)
Actuarial value of assets (a-b) $13,661,682
Public Employees Police and Fire Fund
Fair value of assets available for benefits (a) $ 5,772,047
Original % Not Unrecognized
Calculation of unrecognized return Amount Recognized Return
Year ended June 30, 2012 $ (307,690) 80% $ (246,152)
Year ended June 30, 2011 653,285 60% 391,972
Year ended June 30, 2010 268,440 40% 107,376
Year ended June 30, 2009 (1,395,085) 20% (279,017)
Total unrecognized return (b) $ (25,821)
Actuarial value of assets (a-b) $ 5,797,868
Public Employees Correctional Plan
Fair value of assets available for benefits (a) $ 305,408
Original % Not Unrecognized
Calculation of unrecognized return Amount Recognized Return
Year ended June 30, 2012 $(16,702) 80% $(13,361)
Year ended June 30, 2011 31,598 60% 18,959
Year ended June 30, 2010 9,703 40% 3,881
Year ended June 30, 2009 (52,626) 20% (10,525)
Total unrecognized return (b) $ (1,046)
Actuarial value of assets (a-b) $ 306,454
Minneapolis Employees Retirement Fund
In accordance with Minnesota Statutes, actuarial asset value is equal to the fair market value of assets.
Public Employees
Retirement Association
of Minnesota
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