Fiscal year Ended June 30, 2007 - psers

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Page 14 TABLE 4 SUMMARY OF MARKET VALUE OF PLAN ASSETS AS OF JUNE 30, 2007 ($ Amounts in Thousands) Market Value 1. Market Value of Assets as of June 30, 2006 $ 57,328,444 2. Contributions During Fiscal 2006/2007 1,601,630 3. Disbursements During Fiscal 2006/2007 4,150,656 4. Investment Return During Fiscal 2006/2007 a) Investment Return (Net of Investment Expenses) $ 12,696,900 b) Administrative Expenses 38,029 c) Investment Return After Expenses (a) - (b) $ 12,658,871 5. Market Value of Assets as of June 30, 2007 (1) + (2) - (3) + (4c) $ 67,438,289 6. Rate of Return (per Wilshire) 22.93 % Asset Allocation by Account 1. Members' Savings Account $ 10,183,433 2. Annuity Reserve Account 31,603,788 3. State Accumulation Account 25,553,776 4. Health Insurance Account 97,292 5. Total (1) + (2) + (3) + (4) $ 67,438,289 THE PUBLIC SCHOOL EMPLOYEES’ RETIREMENT SYSTEM OF PENNSYLVANIA BUCK CONSULTANTS
Page 15 TABLE 5 DERIVATION OF ACTUARIAL VALUE OF ASSETS AS OF JUNE 30, 2007 ($ Amounts in Thousands) 1. Market Value of Assets as of June 30, 2007 $ 67,438,289 2. Determination of Deferred Gain (Loss) Return on Assets Fiscal Deferred Year Actual Expected Difference % Deferred Amount 2006/2007 $ 12,658,871 $ 4,359,054 $ 8,299,817 80% $ 6,639,854 2005/2006 7,901,068 4,242,878 3,658,190 60% 2,194,914 2004/2005 6,044,305 4,321,981 1,722,324 40% 688,929 2003/2004 8,201,871 4,404,561 3,797,310 20% 759,462 $ 10,283,159 3. Actuarial Value of Assets (1) - (2) $ 57,155,130 4. Actuarial Rate of Return * 13.94% * The actuarial rate of return is the investment return based on the change in the actuarial value of assets from the June 30, 2006 valuation to the June 30, 2007 valuation. THE PUBLIC SCHOOL EMPLOYEES’ RETIREMENT SYSTEM OF PENNSYLVANIA BUCK CONSULTANTS
Page 1 and 2: THE PUBLIC SCHOOL EMPLOYEES' RETIRE
Page 3 and 4: The Retirement Board Public School
Page 5 and 6: Page 1 Executive Summary This repor
Page 7 and 8: Page 3 Summary of Principal Results
Page 9 and 10: Page 5 Funded Ratio The financing o
Page 11 and 12: The following chart shows a ten-yea
Page 13 and 14: Page 9 GASB No. 43 Disclosure GASB
Page 15 and 16: Page 11 TABLE 1 SUMMARY OF RESULTS
Page 17: Page 13 TABLE 3 DETERMINATION OF HE
Page 21 and 22: Page 17 TABLE 7 SCHEDULE OF FUNDING
Page 23 and 24: Page 19 TABLE 8b SCHEDULE OF EMPLOY
Page 25 and 26: Page 21 TABLE 10 HISTORY AND PROJEC
Page 27 and 28: Page 23 TABLE 12 DESCRIPTION OF ACT
Page 29 and 30: Page 25 TABLE 12 DESCRIPTION OF ACT
Page 31 and 32: Page 27 TABLE 13 SUMMARY OF BENEFIT
Page 33 and 34: Page 29 TABLE 13 SUMMARY OF BENEFIT
Page 35 and 36: EXHIBIT I Page 31 ACTIVE MEMBERSHIP
Page 37 and 38: EXHIBIT III Page 33 THE NUMBER AND
Page 39 and 40: EXHIBIT V Page 35 ANNUITANT AND BEN
Page 41 and 42: EXHIBIT VI (Continued) Page 37 10 Y
Page 43 and 44: TABLE 1 Page 39 THE NUMBER AND ANNU
Page 49 and 50: TABLE 3 (Continued) Page 45 THE NUM
Page 57: EXHIBIT VIII Page 53 GLOSSARY (Cont

Fiscal year Ended June 30, 2007 - psers

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