Comprehensive Annual Financial Report - Minnesota State ...

Schedule of Changes in Net Assets Last 10 Fiscal Years (in thousands)
68
General Employees Retirement Fund
Additions
Public Employees
Retirement Association
of Minnesota
2003 2004 2005 2006
Employer Contributions $221,689 $ 225,744 $ 232,963 $ 255,531
Member Contributions 205,963 215,697 216,701 235,901
Investment Income (net of expense) 199,769 1,434,654 1,047,792 1,331,296
Other 3,609 4,437 4,310 4,094
Total Additions to Plan Net Assets $631,030 $1,880,532 $1,501,766 $1,826,822
Deductions
Benefits $664,459 $ 687,124 $715,043 $ 748,391
Refunds 18,242 22,556 24,952 26,452
Administrative Expenses 8,628 8,830 9,118 9,029
Other 1,374 2,725 2,040 3,093
Total Deductions From Plan Net Assets $692,703 $ 721,235 $751,153 $ 786,965
Change in Plan Net Assets $ (61,673) $1,159,297 $750,613 $1,039,857
Public Employees Police and Fire Fund
Additions
2003 2004 2005 2006
Employer Contributions $ 50,917 $ 52,769 $ 55,802 $ 63,603
Member Contributions 34,751 36,313 37,873 42,970
Investment Income (net of expense) 76,117 578,008 435,327 543,959
Other 3,281 2,733 2,113 1,917
Total Additions to Plan Net Assets $165,066 $669,823 $531,115 $652,449
Deductions
Benefits $225,434 $237,442 $251,429 $264,601
Refunds 643 644 734 867
Administrative Expenses 675 712 703 707
Other 301 541 477 295
Total Deductions From Plan Net Assets $227,053 $239,339 $253,343 $266,470
Change in Plan Net Assets $ (61,987) $430,484 $277,772 $385,979
Public Employees Correctional Fund
Additions
2003 2004 2005 2006
Employer Contributions $ 9,645 $10,029 $10,814 $11,826
Member Contributions 6,430 6,672 7,192 7,881
Investment Income (net of expense) 1,386 9,131 8,714 12,995
Other 11 4 9 11
Total Additions to Plan Net Assets $17,472 $25,836 $26,729 $32,713
Deductions
Benefits $ 559 $ 805 $ 1,041 $ 1,341
Refunds 409 588 691 619
Administrative Expenses 149 162 176 186
Other 2 5 9 4
Total Deductions From Plan Net Assets $ 1,119 $ 1,560 $ 1,917 $ 2,150
Change in Plan Net Assets $16,353 $24,276 $24,812 $30,563