Comprehensive Annual Financial Report - Minnesota State ...
Comprehensive Annual Financial Report - Minnesota State ... Comprehensive Annual Financial Report - Minnesota State ...
Schedule of Active Members Valuation Data 62 Public Employees Retirement Association of Minnesota Last Six Years General Employees Retirement Fund Valuation Valuation * Annual % Increase Date Number Payroll Average Pay in Average Pay 6-30-07 146,226 $4,957,790,000 $33,905 4.0% 6-30-08 143,562 4,952,751,000 34,499 1.8 6-30-09 143,353 5,130,307,000 35,788 3.7 6-30-10 140,389 5,160,545,000 36,759 2.7 6-30-11 139,952 5,183,629,000 37,039 0.8 6-30-12 139,330 5,201,524,000 37,332 0.8 Public Employees Police and Fire Fund Valuation Valuation * Annual % Increase Date Number Payroll Average Pay in Average Pay 6-30-07 10,720 $699,841,000 $65,284 3.5% 6-30-08 10,961 746,743,000 68,127 4.4 6-30-09 11,035 786,887,000 71,308 4.7 6-30-10 11,002 795,171,000 72,275 1.4 6-30-11 10,880 796,689,000 73,225 1.3 6-30-12 10,865 807,180,000 74,292 1.5 Public Employees Correctional Fund Valuation Valuation * Annual % Increase Date Number Payroll Average Pay in Average Pay 6-30-07 3,566 $148,794,000 $41,726 4.4% 6-30-08 3,710 163,937,000 44,188 5.9 6-30-09 3,715 172,770,000 46,506 5.2 6-30-10 3,521 170,693,000 48,479 4.2 6-30-11 3,510 173,157,000 49,332 1.8 6-30-12 3,460 171,043,000 49,434 0.2 Minneapolis Employees Retirement Fund Valuation Valuation * Annual % Increase Date Number Payroll Average Pay in Average Pay 6-30-07 266 $15,856,000 $59,608 2.2% 6-30-08 211 12,698,000 60,178 1.0 6-30-09 174 10,842,000 62,309 3.5 6-30-10 143 8,883,000 62,119 - 0.3 6-30-11 107 6,747,000 63,056 1.5 6-30-12 80 5,272,000 65,900 4.5 * Payroll is based on salary at the end of the fiscal year, not on actual payroll during the year as shown in the financial section.
General Employees Retirement Fund Actuarial Section Schedule of Retirees and Beneficiaries Last Six Years Added to Rolls Removed from Rolls Year-End Total % Change Average Year Number Annual Number Annual Annual in Annual Annual Ended Added Allowances Removed Allowances Number Allowances Allowances Allowances 06/30/07 4,374 $66,093,000 2,016 $28,116,000 61,436 $ 793,309,000 5.0% $12,913 06/30/08 4,552 69,065,000 2,108 27,228,000 63,880 835,146,000 5.3 13,074 06/30/09 4,358 71,682,000 2,179 32,436,000 66,059 874,392,000 4.7 13,237 06/30/10 4,692 79,514,000 2,277 34,332,000 68,474 919,574,000 5.2 13,430 06/30/11 5,717 81,012,863 2,370 36,248,863 71,821 964,338,000 4.9 13,427 06/30/12 6,145 87,604,170 2,431 36,693,120 75,535 1,015,249,050 5.3 13,441 Public Employees Police and Fire Fund Added to Rolls Removed from Rolls Year-End Total % Change Average Year Number Annual Number Annual Annual in Annual Annual Ended Added Allowances Removed Allowances Number Allowances Allowances Allowances 06/30/07 428 $24,112,000 197 $6,936,000 7,032 $283,128,000 6.5% $40,263 06/30/08 361 25,372,000 199 7,572,000 7,194 300,928,000 6.3 41,830 06/30/09 338 21,685,000 170 6,396,000 7,362 316,217,000 5.1 42,953 06/30/10 368 24,314,000 189 7,308,000 7,541 333,223,000 5.4 44,188 06/30/11 527 23,607,815 220 8,332,815 7,848 348,498,000 4.6 44,406 06/30/12 1,786 82,541,376 228 9,639,948 9,406 421,399,428 20.9 44,801 Public Employees Correctional Fund Added to Rolls Removed from Rolls Year-End Total % Change Average Year Number Annual Number Annual Annual in Annual Annual Ended Added Allowances Removed Allowances Number Allowances Allowances Allowances 06/30/07 57 $ 490,000 5 $ 36,000 275 $1,953,000 33.2% $ 7,102 06/30/08 47 471,000 4 48,000 318 2,376,000 21.7 7,472 06/30/09 77 755,000 9 108,000 386 3,023,000 27.2 7,832 06/30/10 60 707,000 5 96,000 441 3,634,000 20.2 8,240 06/30/11 92 865,959 5 67,959 528 4,432,000 22.0 8,394 06/30/12 96 1,047,747 17 167,712 607 5,312,035 19.9 8,751 MinneapolisEmployees Retirement Fund Added to Rolls Removed from Rolls Year-End Total % Change Average Year Number Annual Number Annual Annual in Annual Annual Ended Added Allowances Removed Allowances Number Allowances Allowances Allowances 06/30/07 132 $4,424,000 243 $6,635,000 4,771 $148,041,000 1.8% $31,029 06/30/08 125 3,775,000 250 7,205,000 4,646 147,826,000 -0.1 31,818 06/30/09 101 3,236,000 254 7,248,000 4,493 148,708,000 0.6 33,098 06/30/10 86 2,814,000 236 6,616,000 4,343 144,906,000 -2.6 33,365 06/30/11 77 2,339,140 227 5,720,140 4,193 141,525,000 -2.3 33,753 06/30/12 83 4,168,832 221 6,542,616 4,055 139,151,216 -1.7 34,316 Public Employees Retirement Association of Minnesota 63
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Schedule of Active Members<br />
Valuation Data<br />
62<br />
Public Employees<br />
Retirement Association<br />
of <strong>Minnesota</strong><br />
Last Six Years<br />
General Employees Retirement Fund<br />
Valuation Valuation * <strong>Annual</strong> % Increase<br />
Date Number Payroll Average Pay in Average Pay<br />
6-30-07 146,226 $4,957,790,000 $33,905 4.0%<br />
6-30-08 143,562 4,952,751,000 34,499 1.8<br />
6-30-09 143,353 5,130,307,000 35,788 3.7<br />
6-30-10 140,389 5,160,545,000 36,759 2.7<br />
6-30-11 139,952 5,183,629,000 37,039 0.8<br />
6-30-12 139,330 5,201,524,000 37,332 0.8<br />
Public Employees Police and Fire Fund<br />
Valuation Valuation * <strong>Annual</strong> % Increase<br />
Date Number Payroll Average Pay in Average Pay<br />
6-30-07 10,720 $699,841,000 $65,284 3.5%<br />
6-30-08 10,961 746,743,000 68,127 4.4<br />
6-30-09 11,035 786,887,000 71,308 4.7<br />
6-30-10 11,002 795,171,000 72,275 1.4<br />
6-30-11 10,880 796,689,000 73,225 1.3<br />
6-30-12 10,865 807,180,000 74,292 1.5<br />
Public Employees Correctional Fund<br />
Valuation Valuation * <strong>Annual</strong> % Increase<br />
Date Number Payroll Average Pay in Average Pay<br />
6-30-07 3,566 $148,794,000 $41,726 4.4%<br />
6-30-08 3,710 163,937,000 44,188 5.9<br />
6-30-09 3,715 172,770,000 46,506 5.2<br />
6-30-10 3,521 170,693,000 48,479 4.2<br />
6-30-11 3,510 173,157,000 49,332 1.8<br />
6-30-12 3,460 171,043,000 49,434 0.2<br />
Minneapolis Employees Retirement Fund<br />
Valuation Valuation * <strong>Annual</strong> % Increase<br />
Date Number Payroll Average Pay in Average Pay<br />
6-30-07 266 $15,856,000 $59,608 2.2%<br />
6-30-08 211 12,698,000 60,178 1.0<br />
6-30-09 174 10,842,000 62,309 3.5<br />
6-30-10 143 8,883,000 62,119 - 0.3<br />
6-30-11 107 6,747,000 63,056 1.5<br />
6-30-12 80 5,272,000 65,900 4.5<br />
* Payroll is based on salary at the end of the fiscal year, not on actual<br />
payroll during the year as shown in the financial section.
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