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FINANCIAL SECTION Supplementary Schedule 2 Summary of Investment Expenses Year Ended June 30, 2012 (Dollar Amounts in Thousands) Fees External management: Domestic equity $ 2,869 International equity 22,225 Fixed income 64,644 Real estate 74,758 Alternative investments 140,914 Absolute return 138,992 Commodities 19,517 Master limited partnership 810 Risk parity 2,466 Total external management 467,195 Total internal management 10,040 Total investment management 477,235 Custodian fees 604 Consultant and legal fees 3,447 Total investment expenses $ 481,286 PAGE 63
FINANCIAL SECTION Supplementary Schedule 3 Schedule of Payments to Non-Investment Consultants Year Ended June 30, 2012 (Dollar Amounts Greater than $50,000) Consultant Fees Services Provided CoreSource Inc. $ 13,046,823 Postemployment healthcare benefits administration and claims adjudication ViTech Systems Group Inc. 5,422,005 Pension administration system services Rx Solutions, Inc 4,109,161 Administration of postemployment healthcare benefits and prescription drug plan The Segal Company, Inc. 2,631,905 Actuarial services and consulting for HOP and prescription drug plan Independent Pharmaceutical Consultants, Inc. 527,691 Pharmacy benefit consulting services Buck Consultants LLC 389,471 Pension benefit actuarial services CliftonLarsonAllen LLP 115,000 Financial audit of pension system and postemployment healthcare programs PAGE 64
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PENNSYLVANIA PUBLIC SCHOOL EMPLOYEE
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INTRODUCTORY SECTION Table of Conte
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INTRODUCTORY SECTION This page inte
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INTRODUCTORY SECTION Letter of Tran
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INTRODUCTORY SECTION PSERS has annu
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INTRODUCTORY SECTION Statement No.
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Page 15 and 16: INTRODUCTORY SECTION Mission Statem
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Page 27 and 28: Management’s Discussion and Analy
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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
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Page 67 and 68: Dear Members of The PSERS Board of
Page 69 and 70: INVESTMENT SECTION (11.2%). Within
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Page 77 and 78: Description INVESTMENT SECTION Comm
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Page 85 and 86:   ACTUARIAL SECTION January 31, 2
Page 87 and 88: ACTUARIAL SECTION In our opinion, t
Page 89 and 90: ACTUARIAL SECTION HISTORY AND PROJE
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Page 95 and 96: ACTUARIAL SECTION ANALYSIS OF PAST
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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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