Comprehensive Annual Financial Report - Minnesota State ...
Comprehensive Annual Financial Report - Minnesota State ... Comprehensive Annual Financial Report - Minnesota State ...
Schedule of New Retirees and Initial Benefit Paid 80 Public Employees Retirement Association of Minnesota Last 10 Years Public Employees Correctional Fund (established 7/1/99) Years of Credited Service 0-4 5-9 10-14 15-19 20-24 25-29 30+ 2012 Average monthly benefit $ 295 $ 683 $1,079 Average high five salary $2,930 $3,629 $4,697 Number of retirants 12 15 52 2011 Average monthly benefit $ 369 $ 580 $ 976 Average high five salary $3,436 $3,548 $4,572 Number of retirants 18 12 40 2010 Average monthly benefit $ 476 $ 508 $ 835 Average high five salary $3,571 $3,847 $4,215 Number of retirants 9 14 27 2009 Average monthly benefit $ 413 $ 677 Average high five salary $3,621 $4,041 Number of retirants 16 43 2008 Average monthly benefit $ 422 $ 625 Average high five salary $2,633 $4,127 Number of retirants 9 27 2007 Average monthly benefit $ 183 $ 553 Average high five salary $2,671 $3,993 Number of retirants 8 25 2006 Average monthly benefit $ 454 $ 464 Average high five salary $4,262 $3,761 Number of retirants 8 23 2005 Average monthly benefit $ 181 $ 450 Average high five salary $2,902 $4,223 Number of retirants 14 17 2004 Average monthly benefit $ 243 $ 559 Average high five salary $3,484 $4,706 Number of retirants 23 1 2003 Average monthly benefit $ 183 Average high five salary $2,917 Number of retirants 21
General Employees Retirement Fund Statistical Section Amount of Number of Monthly Benefit Type of Benefit Option Selected Benefit Recipients A B C D 1 2 3 4 5 6 $ 1 - $ 250 17,177 15,589 345 914 329 12,148 3,663 215 675 283 193 251 - 500 12,813 11,254 237 960 362 8,736 2,411 219 872 395 180 501 - 750 9,632 8,261 266 796 309 6,237 1,809 190 853 320 223 751 - 1,000 7,035 6,084 128 584 239 4,428 1,313 168 693 338 95 1,001 - 1,250 5,789 5,016 86 452 235 3,343 1,181 206 671 321 67 1,251 - 1,500 4,416 3,780 106 352 178 2,381 887 193 590 281 84 1,501 - 1,750 3,383 2,901 70 274 138 1,815 696 183 440 190 59 1,751 - 2,000 2,718 2,349 60 221 88 1,372 502 160 449 188 47 2,001 - 2,250 2,138 1,802 48 227 61 1,020 398 126 380 168 46 2,251 - 2,500 1,823 1,556 45 183 39 776 373 118 381 134 41 2,501 - 2,750 1,481 1,299 38 132 12 656 315 98 262 114 36 2,751 - 3,000 1,181 1,016 24 123 18 501 258 83 222 95 22 3,001 - 3,250 975 849 19 98 9 445 179 69 186 77 19 3,251 - 3,500 784 697 15 69 3 302 172 49 179 69 13 3,501 - 3,750 634 545 10 76 3 247 163 42 135 39 8 3,751 - 4,000 541 462 13 65 1 209 116 42 122 39 13 4,001 - 4,250 451 396 7 47 1 160 114 25 112 34 6 4,251 - 4,500 412 367 1 43 1 151 100 39 90 31 1 4,501 - 4,750 321 280 3 35 3 112 80 27 70 29 3 4,751 - 5,000 308 267 2 38 1 106 78 23 79 21 1 5,001 - 5,250 244 215 1 28 0 94 52 23 59 15 1 5,251 - 5,500 197 173 3 21 0 71 44 13 50 16 3 5,501 - 5,750 151 134 1 16 0 58 33 12 36 11 1 5,751 - 6,000 125 110 1 14 0 44 26 9 32 13 1 6,001 - 6,250 106 93 0 13 0 31 28 6 36 5 0 6,251 - 6,500 106 92 0 14 0 41 29 5 26 5 0 6,501 - 6,750 100 89 0 11 0 29 25 7 33 6 0 6,751 - 7,000 69 61 0 8 0 17 19 4 25 4 0 Over 7,000 395 354 3 38 0 113 111 32 106 30 3 Totals 75,505 66,091 1,532 5,852 2,030 45,643 15,175 2,386 7,864 3,271 1,166 Benefit Recipients by Benefit Amount # of Recipients Schedule of Benefit Recipients by Type As of June 30, 2012 Monthly Benefit Amount Disabilitants Survivors Retirees Type of Benefit A Retirement B Survivor of Active Member C Survivor of Benefit Recipient D Disability Option Selected 1 Single Life 2 100% J&S 3 75% J&S 4 50% J&S 5 25% J&S 6 Other (Term-certain, children's benefits, etc.) Public Employees Retirement Association of Minnesota 81
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- Page 49 and 50: Source of Expenses Schedule of Inve
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General Employees Retirement Fund<br />
Statistical Section<br />
Amount of Number of<br />
Monthly Benefit Type of Benefit Option Selected<br />
Benefit Recipients A B C D 1 2 3 4 5 6<br />
$ 1 - $ 250 17,177 15,589 345 914 329 12,148 3,663 215 675 283 193<br />
251 - 500 12,813 11,254 237 960 362 8,736 2,411 219 872 395 180<br />
501 - 750 9,632 8,261 266 796 309 6,237 1,809 190 853 320 223<br />
751 - 1,000 7,035 6,084 128 584 239 4,428 1,313 168 693 338 95<br />
1,001 - 1,250 5,789 5,016 86 452 235 3,343 1,181 206 671 321 67<br />
1,251 - 1,500 4,416 3,780 106 352 178 2,381 887 193 590 281 84<br />
1,501 - 1,750 3,383 2,901 70 274 138 1,815 696 183 440 190 59<br />
1,751 - 2,000 2,718 2,349 60 221 88 1,372 502 160 449 188 47<br />
2,001 - 2,250 2,138 1,802 48 227 61 1,020 398 126 380 168 46<br />
2,251 - 2,500 1,823 1,556 45 183 39 776 373 118 381 134 41<br />
2,501 - 2,750 1,481 1,299 38 132 12 656 315 98 262 114 36<br />
2,751 - 3,000 1,181 1,016 24 123 18 501 258 83 222 95 22<br />
3,001 - 3,250 975 849 19 98 9 445 179 69 186 77 19<br />
3,251 - 3,500 784 697 15 69 3 302 172 49 179 69 13<br />
3,501 - 3,750 634 545 10 76 3 247 163 42 135 39 8<br />
3,751 - 4,000 541 462 13 65 1 209 116 42 122 39 13<br />
4,001 - 4,250 451 396 7 47 1 160 114 25 112 34 6<br />
4,251 - 4,500 412 367 1 43 1 151 100 39 90 31 1<br />
4,501 - 4,750 321 280 3 35 3 112 80 27 70 29 3<br />
4,751 - 5,000 308 267 2 38 1 106 78 23 79 21 1<br />
5,001 - 5,250 244 215 1 28 0 94 52 23 59 15 1<br />
5,251 - 5,500 197 173 3 21 0 71 44 13 50 16 3<br />
5,501 - 5,750 151 134 1 16 0 58 33 12 36 11 1<br />
5,751 - 6,000 125 110 1 14 0 44 26 9 32 13 1<br />
6,001 - 6,250 106 93 0 13 0 31 28 6 36 5 0<br />
6,251 - 6,500 106 92 0 14 0 41 29 5 26 5 0<br />
6,501 - 6,750 100 89 0 11 0 29 25 7 33 6 0<br />
6,751 - 7,000 69 61 0 8 0 17 19 4 25 4 0<br />
Over 7,000 395 354 3 38 0 113 111 32 106 30 3<br />
Totals 75,505 66,091 1,532 5,852 2,030 45,643 15,175 2,386 7,864 3,271 1,166<br />
Benefit Recipients by Benefit Amount<br />
# of Recipients<br />
Schedule of Benefit Recipients by Type<br />
As of June 30, 2012<br />
Monthly Benefit Amount<br />
Disabilitants<br />
Survivors<br />
Retirees<br />
Type of Benefit<br />
A Retirement<br />
B Survivor of Active Member<br />
C Survivor of Benefit Recipient<br />
D Disability<br />
Option Selected<br />
1 Single Life<br />
2 100% J&S<br />
3 75% J&S<br />
4 50% J&S<br />
5 25% J&S<br />
6 Other (Term-certain,<br />
children's benefits, etc.)<br />
Public Employees<br />
Retirement Association<br />
of <strong>Minnesota</strong><br />
81
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