Firemen's Annuity and Benefit Fund of Chicago, Illinois ... - Fabf.org

Plan Net Assets
MANAGEMENT’S DISCUSSION AND ANALYSIS (CONTINUED)
A summary of the Plan net assets is provided below:
Plan Net Assets
(in millions)
As of December 31,
8
Increase/(Decrease) in
2006 2005 Dollars Percent
Cash and cash equivalents $ 47.4 $ 29.6 $ 17.8 60.1%
Receivables and prepaid expenses 158.3 111.1 47.2 42.5
Investments, at fair value 1,263.7 1,143.3 120.5 10.5
Collateral held for securities on loan 223.0 179.6 43.3 24.2
Total assets 1,692.4 1,463.6 228.8 15.6
Payables 78.0 9.3 68.7 737.7
Securities lending collateral 222.9 179.6 43.3 24.1
Total liabilities 300.9 188.9 112.0 59.3
Plan net assets $ 1,391.5 $ 1,274.7 $ 116.8 9.2%
Changes in Plan Net Assets
A summary of the changes in Plan net assets, reflecting the changes in resources available to pay benefits to
members, retirees and beneficiaries, is provided below:
Changes
(in millions)
For the Years Ended December 31,
Increase/(Decrease) in
2006 2005 Dollars Percent
Additions:
Employer contributions $ 79.0 $ 90.1 $ (11.1) 12.4%
Member contributions
Net investment and securities
44.2 35.7 8.5 23.9
lending income 174.4 112.0 62.4 55.7
Other .1
.5 (.4) (80.0)
Total additions 297.7 238.3 59.4 24.9
Deductions:
Benefits 174.4 163.9 10.5 6.4
Annuitant health care 2.2 2.2 - 0.0
Refunds of contributions 1.6 1.5 .1 10.2
Administrative expenses 2.7
2.2
.5 22.7
Total deductions 180.9 169.8 11.1 6.5
Net increase in plan net assets $ 116.8 $ 68.5 $ 48.3 70.5%