Comprehensive Annual Financial Report - Minnesota State ...

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Schedule of Benefit Recipients by Type Minneapolis Employees Retirement Fund 84 Public Employees Retirement Association of Minnesota As of June 30, 2012 Amount of Number of Monthly Benefit Type of Benefit Option Selected Benefit Recipients A B C D 1 2 3 4 5 6 7 $ 1 - $ 250 100 92 0 8 0 30 25 0 8 31 6 0 251 - 500 200 184 1 14 1 73 32 1 17 39 35 3 501 - 750 178 159 0 19 0 63 28 0 23 38 23 3 751 - 1,000 166 120 6 40 0 55 36 0 31 29 13 2 1,001 - 1,250 198 114 52 32 0 90 34 1 28 29 16 0 1,251 - 1,500 167 112 12 42 1 54 25 0 43 25 19 1 1,501 - 1,750 135 85 6 42 2 37 27 0 46 13 12 0 1,751 - 2,000 157 106 4 47 0 36 39 0 46 21 15 0 2,001 - 2,250 204 133 7 58 6 49 62 0 55 21 17 0 2,251 - 2,500 208 157 7 42 2 39 89 2 48 19 11 0 2,501 - 2,750 242 203 4 34 1 45 102 1 45 30 18 1 2,751 - 3,000 246 198 5 42 1 48 102 2 35 31 26 2 3,001 - 3,250 261 225 4 32 0 50 125 1 38 21 23 3 3,251 - 3,500 242 207 5 30 0 57 105 2 44 19 13 2 3,501 - 3,750 228 190 10 28 0 41 101 3 44 19 20 0 3,751 - 4,000 207 179 1 27 0 34 94 5 39 21 14 0 4,001 - 4,250 147 127 2 18 0 25 72 1 24 18 4 3 4,251 - 4,500 143 120 2 21 0 25 71 2 22 14 9 0 4,501 - 4,750 124 109 3 12 0 24 50 4 24 13 8 1 4,751 - 5,000 102 83 4 15 0 19 59 1 12 5 5 1 5,001 - 5,250 84 75 1 8 0 14 44 1 16 6 2 1 5,251 - 5,500 64 53 1 10 0 13 32 2 12 1 1 3 5,501 - 5,750 44 41 0 3 0 9 18 2 9 2 3 1 5,751 - 6,000 40 38 0 2 0 5 17 1 10 4 2 1 6,001 - 6,250 33 29 0 4 0 4 14 2 7 4 1 1 6,251 - 6,500 19 15 2 2 0 4 9 1 4 0 1 0 6,501 - 6,750 24 21 0 3 0 5 8 3 5 2 0 1 6,751 - 7,000 20 19 0 1 0 5 7 1 6 0 1 0 Over 7,000 69 57 3 9 0 10 28 3 15 6 5 2 Totals 4,052 3,251 142 645 14 963 1,455 42 756 481 323 32 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 Term Certain 6 Death Benefit 7 Other # of Recipients Benefit Recipients by Benefit Amount Monthly Benefit Amount Disabilitants Survivors Retirees
Top 10 States by PERA Annuitant Population State Population 1. Minnesota 81,782 2. Wisconsin 1,776 3. Arizona 1,367 4. Florida 1,228 5. Texas 557 6. South Dakota 449 7. North Dakota 318 8. Iowa 296 9. California 292 10. Colorado 214 9 3 MN 81,782 $118,642,464 WI 1,776 2,693,675 AZ 1,367 2,289,829 FL 1,228 2,400,834 TX 557 936,345 SD 449 592,305 ND 318 317,954 IA 296 295,569 CA 292 397,277 CO 214 269,445 NV 195 365,508 AR 182 288,050 WA 171 207,019 MO 153 205,154 OR 118 153,240 IL 110 112,706 MT 99 136,385 NM 96 151,765 MI 95 101,163 10 PERA Annuitant Residency by State Annuitants and Payments on June 1, 2012 7 6 5 1 NC 90 $122,630 TN 90 136,072 GA 71 65,610 VA 61 77,618 NE 53 42,559 OH 53 66,269 IN 51 52,231 ID 45 59,737 SC 45 61,872 PA 41 44,646 HI 39 64,144 UT 39 54,482 AL 38 71,865 OK 38 39,769 KS 37 33,788 AK 36 49,508 MD 31 42,723 WY 30 49,364 MA 27 39,698 Over 90 percent of PERA’s annuitants remain residents of Minnesota. State Population Payments State Population Payments State Population Payments 8 2 Statistical Section 4 MS 26 $46,128 NY 25 24,526 KY 19 20,262 NJ 15 16,811 LA 14 12,542 CT 11 7,546 ME 10 9,457 NH 8 6,430 DC 4 1,221 VT 4 5,457 WV 4 1,582 PR 3 7,497 DE 2 924 RI 2 913 VI 1 2,684 Foreign Address 37 60,641 Public Employees Retirement Association of Minnesota 85
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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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Statewide Public Employees Agency F
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Financial Section Minneapolis Emplo
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facilities. Elected officials and a
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are recognized as revenues when due
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å The aggregate value of these obl
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of the value protected by the wrap
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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 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: Schedule of Benefit Recipients by T
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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Comprehensive Annual Financial Report - Minnesota State ...

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