a complete copy of the 2012 CAFR Report! - PSERs

FINANCIAL SECTION
Statements of Changes in Plan Net Assets
Years Ended June 30, 2012 and 2011
(Dollar Amounts in Thousands)
2012
Pension
The accompanying notes are an integral part of the financial statements.
PAGE 38
Postemployment Healthcare
Premium
Assistance
Health
Options
Program
Additions:
Contributions:
Members $ 952,887 $ - $ 213,642 $ 1,166,529
Employers 1,004,584 81,343 - 1,085,927
Centers for Medicare & Medicaid Services - - 33,462 33,462
Total contributions 1,957,471 81,343 247,104 2,285,918
Investment income:
From investing activities:
Net appreciation (depreciation) in fair
value of investments 539,129 (1,543) - 537,586
Short-term 8,422 2,018 237 10,677
Fixed income 328,492 - - 328,492
Common and preferred stock 258,258 - - 258,258
Collective trust funds 5,209 - - 5,209
Real estate 170,991 - - 170,991
Alternative investments 255,769 - - 255,769
Total investment activity income 1,566,270 475 237 1,566,982
Investment expenses (481,234) (52) - (481,286)
Net income from investing activities 1,085,036 423 237 1,085,696
From securities lending activities:
Securities lending income 9,457 - - 9,457
Securities lending expense (1,174) - - (1,174)
Net income from securities lending activities 8,283 - - 8,283
Total net investment income 1,093,319 423 237 1,093,979
Total Additions 3,050,790 81,766 247,341 3,379,897
Deductions:
Benefits 5,655,306 97,206 213,027 5,965,539
Refunds of contributions 24,675 - - 24,675
Net transfer to State Employees’ Retirement
System 2,765 - - 2,765
Administrative expenses 34,242 2,065 20,213 56,520
Total Deductions 5,716,988 99,271 233,240 6,049,499
Net increase (decrease) (2,666,198) (17,505) 14,101 (2,669,602)
Net assets held in trust for pension and
postemployment healthcare benefits:
Balance, beginning of year 51,199,994 111,258 121,929 51,433,181
Balance, end of year $ 48,533,796 $ 93,753 $ 136,030 $ 48,763,579
Totals