a complete copy of the 2012 CAFR Report! - PSERs
a complete copy of the 2012 CAFR Report! - PSERs
a complete copy of the 2012 CAFR Report! - PSERs
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FINANCIAL SECTION<br />
Statements <strong>of</strong> Changes in Plan Net Assets<br />
Years Ended June 30, <strong>2012</strong> and 2011<br />
(Dollar Amounts in Thousands)<br />
Pension<br />
The accompanying notes are an integral part <strong>of</strong> <strong>the</strong> financial statements.<br />
PAGE 39<br />
2011<br />
Postemployment Healthcare<br />
Premium<br />
Assistance<br />
Health<br />
Options<br />
Program<br />
Additions:<br />
Contributions:<br />
Members $ 1,042,707 $ - $ 201,014 $ 1,243,721<br />
Employers 658,511 89,242 - 747,753<br />
Centers for Medicare & Medicaid Services - - 32,080 32,080<br />
Total contributions 1,701,218 89,242 233,094 2,023,554<br />
Investment income:<br />
From investing activities:<br />
Net appreciation (depreciation) in fair<br />
value <strong>of</strong> investments 8,616,152 (1,324) - 8,614,828<br />
Short-term 12,755 2,063 310 15,128<br />
Fixed income 383,306 - - 383,306<br />
Common and preferred stock 292,475 - - 292,475<br />
Collective trust funds 4,147 - - 4,147<br />
Real estate 113,370 - - 113,370<br />
Alternative investments 331,286 - - 331,286<br />
Total investment activity income 9,753,491 739 310 9,754,540<br />
Investment expenses (514,647) (48) - (514,695)<br />
Net income from investing activities 9,238,844 691 310 9,239,845<br />
From securities lending activities:<br />
Securities lending income 8,251 - - 8,251<br />
Securities lending expense (1,004) - - (1,004)<br />
Net income from securities lending activities 7,247 - - 7,247<br />
Total net investment income 9,246,091 691 310 9,247,092<br />
Total Additions 10,947,309 89,933 233,404 11,270,646<br />
Deductions:<br />
Benefits 5,281,223 93,518 214,967 5,589,708<br />
Refunds <strong>of</strong> contributions 17,695 - - 17,695<br />
Net transfer to State Employees’ Retirement<br />
System 9,844 - - 9,844<br />
Administrative expenses 37,028 1,988 18,729 57,745<br />
Total Deductions 5,345,790 95,506 233,696 5,674,992<br />
Net increase (decrease) 5,601,519 (5,573) (292) 5,595,654<br />
Net assets held in trust for pension and<br />
postemployment healthcare benefits:<br />
Balance, beginning <strong>of</strong> year 45,598,475 116,831 122,221 45,837,527<br />
Balance, end <strong>of</strong> year $ 51,199,994 $ 111,258 $ 121,929 $ 51,433,181<br />
Totals