a complete copy of the 2012 CAFR Report! - PSERs

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INTRODUCTORY SECTION Administrative Organization PSERS Board of Trustees Seated, front row: Jeffrey B. Clay, PSERS’ Executive Director, Board Secretary; Sally J. Turley, Board Vice- Chairman; Melva S. Vogler, Board Chairman; Patricia A. Tozer Standing, second row: Thomas J. Gentzel; Hal Moss; James M. Sando; Glen S. Galante; Stacey Connors, designee for Honorable Patrick M. Browne; Ambassador Martin J. Silverstein; Anthony Mannino, designee for Honorable Lawrence M. Farnese; Jennifer Langan, designee for Treasurer Robert M. McCord; Honorable Glen R. Grell; Bernard Gallagher, designee for Honorable Joseph F. Markosek Not pictured: Ronald J. Tomalis, Secretary of Education and Richard N. Rose PAGE 15
INTRODUCTORY SECTION PSERS Board of Trustees Secretary of Education of the Commonwealth of Pennsylvania (ex officio) Mr. Ronald J. Tomalis Treasurer of the Commonwealth of Pennsylvania (ex officio) Honorable Robert M. McCord Executive Director of the Pennsylvania School Boards Association, Inc. (ex officio) Mr. Thomas J. Gentzel Two members appointed by the Governor of the Commonwealth of Pennsylvania for a term of three years Mr. Hal Moss (term expires 12/31/12) Ambassador Martin J. Silverstein - (term expires 12/31/14) Three members elected from among the Active Certified Contributors of the System for a term of three years Mr. Glen S. Galante (term expires 12/31/15) Mr. James M. Sando (term expires 12/31/13) Ms. Melva S. Vogler (term expires 12/31/14) One member elected from among the Active Non-Certified Contributors of the System for a term of three years Ms. Patricia A. Tozer (term expires 12/31/12) One member elected from among the annuitants of the System for a term of three years Mrs. Sally J. Turley (term expires 12/31/13) One member elected by the members of Pennsylvania Public School Boards from among their number for a term of three years Mr. Richard N. Rose (term expires 12/31/14) Two members appointed by the Speaker of the House from the Pennsylvania House of Representatives, one representing the Majority Party and one representing the Minority Party Honorable Joseph F. Markosek (term expires 11/30/12) Honorable Glen R. Grell (term expires 11/30/12) Two members appointed by the President Pro Tempore of the Pennsylvania Senate, one representing the Majority Party and one representing the Minority Party Honorable Lawrence M. Farnese (term expires 11/30/12) Honorable Patrick M. Browne (term expires 11/30/12) PAGE 16
Page 1 and 2: PENNSYLVANIA PUBLIC SCHOOL EMPLOYEE
Page 3 and 4: INTRODUCTORY SECTION Table of Conte
Page 5 and 6: INTRODUCTORY SECTION This page inte
Page 7 and 8: INTRODUCTORY SECTION Letter of Tran
Page 9 and 10: INTRODUCTORY SECTION PSERS has annu
Page 11 and 12: INTRODUCTORY SECTION Statement No.
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Page 15: INTRODUCTORY SECTION Mission Statem
Page 19 and 20: INTRODUCTORY SECTION OFFICE OF FINA
Page 21 and 22: INTRODUCTORY SECTION PSERS REGIONAL
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Page 25 and 26: FINANCIAL SECTION This page intenti
Page 27 and 28: Management’s Discussion and Analy
Page 31 and 32: FINANCIAL SECTION Management’s Di
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Page 37 and 38: FINANCIAL SECTION Statements of Pla
Page 39 and 40: FINANCIAL SECTION Statements of Cha
Page 41 and 42: FINANCIAL SECTION Notes to Financia
Page 43 and 44: Notes to Financial Statements (cont
Page 61 and 62: Valuation as of June 30 FINANCIAL S
Page 63 and 64: FINANCIAL SECTION Supplementary Sch
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Dear Members of The PSERS Board of
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INVESTMENT SECTION (11.2%). Within
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INVESTMENT SECTION To benchmark rea
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INVESTMENT SECTION The System also
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INVESTMENT SECTION Comparison of Ac
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Description INVESTMENT SECTION Comm
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INVESTMENT SECTION Comparison of In
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INVESTMENT SECTION Professional Con
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INVESTMENT SECTION This page intent
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  ACTUARIAL SECTION January 31, 2
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ACTUARIAL SECTION In our opinion, t
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ACTUARIAL SECTION HISTORY AND PROJE
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ACTUARIAL SECTION DESCRIPTION OF AC
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ACTUARIAL SECTION SCHEDULE OF ACTIV
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ACTUARIAL SECTION ANALYSIS OF PAST
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ACTUARIAL SECTION SCHEDULE OF EMPLO
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ACTUARIAL SECTION This page intenti
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STATISTICAL SECTION Statistical Sec
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STATISTICAL SECTION Schedule of Tot
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STATISTICAL SECTION Schedule of Tot
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STATISTICAL SECTION Deductions from
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STATISTICAL SECTION Schedule of Pre
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STATISTICAL SECTION Schedule of Pen
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STATISTICAL SECTION Schedule of Ave
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STATISTICAL SECTION Schedule of Ave
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A__________________ Abington Abingt
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Schedule of Employers (Continued) O
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Schedule of Employers (Continued) A
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STATISTICAL SECTION This page inten
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