Comprehensive Annual Financial Report - Minnesota State ...

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Schedule of Changes in Net Assets Last 10 Fiscal Years (in thousands) 70 Minneapolis Employees Retirement Fund Additions Public Employees Retirement Association of Minnesota 2003 2004 2005 2006 Employer Contributions $ 38,102 $ 38,366 $ 11,330 $ 35,954 Member Contributions 4,167 3,343 3,087 2,312 Investment Income (net of expense) 19,654 177,511 124,403 123,919 State Contribution 6,632 7,093 8,065 9,000 Other 0 0 0 0 Total Additions to Plan Net Assets $ 68,555 $226,313 $146,885 $171,185 Deductions Benefits $134,409 $137,238 $ 140,516 $143,900 Refunds 357 580 249 588 Administrative Expenses 737 718 731 793 Other 0 0 0 0 Total Deductions From Plan Net Assets $135,503 $138,536 $141,496 $145,281 Change in Plan Net Assets $ (66,948) $ 87,777 $ 5,389 $ 25,904 Statewide Volunteer Firefighter Retirement Plan* Additions 2003 2004 2005 2006 Employer and State Contributions $0 $0 $0 $0 Investment Income (net of expense) 0 0 0 0 Other (mainly initial transfer of assets) 0 0 0 0 Total Additions to Plan Net Assets $0 $0 $0 $0 Deductions Benefits and Refunds $0 $0 $0 $0 Administrative Expenses 0 0 0 0 Total Deductions From Plan Net Assets $0 $0 $0 $0 Change in Plan Net Assets $0 $0 $0 $0 Defined Contribution Plan Additions 2003 2004 2005 2006 Employer Contributions $1,155 $1,238 $1,318 $1,392 Member Contributions 1,043 1,115 1,201 1,282 Investment Income 541 2,404 1,658 1,829 Other 0 0 1 0 Total Additions to Plan Net Assets $2,739 $4,757 $4,178 $4,503 Deductions Refunds $1,043 $1,152 $ 897 $1,390 Administrative Expenses 87 101 133 130 Total Deductions From Plan Net Assets $1,130 $1,253 $1,030 $1,520 Change in Plan Net Assets $1,609 $3,504 $3,148 $2,983 * Statewide Volunteer Firefighter Retirement Plan established January 1, 2010.
Statistical Section 2007 2008 2009 2010 2011 2012 $ 19,545 $ 6,405 $ 6,646 $ 4,798 $ 5,105 $31,623 1,665 1,431 1,072 1,081 767 564 209,351 (61,298) (223,187) 125,710 182,660 18,199 9,000 8,866 9,000 9,000 22,750 22,750 0 0 0 0 44 207 $239,561 $ (44,596) $(206,469) $140,589 $211,326 $73,343 $147,031 $ 148,221 $ 148,745 $147,099 $143,961 $140,709 165 727 88 27 178 638 665 690 761 1,235 233 172 0 155 1,882 1,571 0 0 $147,861 $ 149,793 $ 151,476 $149,932 $144,372 $141,519 $ 91,700 $(194,389) $(357,945) $ (9,343) $ 66,954 $ (68,176) 2007 2008 2009 2010 2011 2012 $0 $0 $0 $ 7 $ 191 $271 0 0 0 (8) 242 254 0 0 0 791 2,450 3,076 $0 $0 $0 $790 $2,883 $3,601 $0 $0 $0 $ 25 $ 119 278 0 0 0 1 8 21 $0 $0 $0 $26 $ 127 $299 $0 $0 $0 $764 $2,756 $3,302 2007 2008 2009 2010 2011 2012 $1,374 $ 1,503 $ 1,583 $1,582 $1,622 $1,674 1,254 1,356 1,462 1,480 1,496 1,547 4,265 (2,173) (5,146) 3,710 6,726 1,263 0 0 0 1 0 0 $6,893 $ 686 $(2,101) $6,773 $9,844 $4,484 $2,014 $ 1,567 $ 1,398 $1,817 $2,596 $2,128 117 113 112 211 129 144 $2,131 $ 1,680 $ 1,510 $2,028 $2,725 $2,272 $4,762 $ (994) $(3,611) $4,745 $7,119 $2,212 Public Employees Retirement Association of Minnesota 71
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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
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Legislative Auditor’s Report Mana
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Legislative Auditor’s Report O L
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Financial Highlights å PERA’s Ne
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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
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 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
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 71 and 72: 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: Statistical Section 2007 2008 2009
Page 85 and 86: 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
Page 101 and 102: ISANTI ISLE IVANHOE JACKSON JANESVI
Page 103 and 104: DEER CREEK DEER PARK DEER RIVER DEE
Page 105 and 106: PIERZ PIKE PIKE BAY PIKE CREEK PILL
Page 107 and 108: BROOKLYN CENTER ISD-286 BROOTEN ISD
Page 109 and 110: VILLARD ISD-615 VIRGINIA ISD-706 WA
Page 111 and 112: CROW WING COUNTY SWCD CURRIE DUVRAY
Page 113 and 114: 2012 Comprehensive Financial Report
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