Comprehensive Annual Financial Report - Minnesota State ...

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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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Pink Lady Slipper, Minnesota State
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Board of Trustees Don Rambow — Bo
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Achievement Awards President's Repo
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Achievement Awards GFOA The Governm
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December 27, 2012 Board of Trustees
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Economic Conditions and Outlook Alt
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National Recognition PERA has an ou
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Ross E. Arneson General Membership
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The Public Employees Police and Fir
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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
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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
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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 and 50: Source of Expenses Schedule of Inve
Page 51 and 52: Investment Report Investment Result
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
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Page 65 and 66: General Employees Retirement Fund A
Page 67 and 68: Other Assumptions Separation GERF u
Page 71: Public Employees Correctional Fund
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 87 and 88: Fire Department Statistical Section
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
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Page 111 and 112: CROW WING COUNTY SWCD CURRIE DUVRAY
Page 113 and 114: 2012 Comprehensive Financial Report
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