|
Statement of Changes in Net Assets Pension Trust Funds and Investment Trust Fund |
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|
For the Fiscal Year Ended June 30, 2001 (Expressed in Thousands) |
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| Pension Trust | Pension Trust | |||||||
|---|---|---|---|---|---|---|---|---|
|
State Employ- ees |
State Teach- ers |
Judicial |
Connec- ticut Muni- cipal Employ- ees |
Probate Judges |
State's Attorn- eys'/ Public Defend- er |
External Invest- ment Pool |
Total |
|
| Additions: | ||||||||
| Contributions: | ||||||||
| Plan Participants | $46,089 | $169,420 | $1,148 | $9,996 | $235 | $37 | $- | $226,925 |
| State | 375,623 | 214,666 | 9,837 | - | - | - | - | 600,126 |
| Municipalities | - | 3,215 | - | 15,527 | - | - | - | 18,742 |
| Total Contributions | 421,712 | 387,301 | 10,985 | 25,523 | 235 | 37 | - | 845,793 |
| Investment Income | (242,954) | (346,516) | (3,167) | (38,682) | (1,790) | (13) | 98,914 | (534,208) |
| Less: Investment Expenses | (60,163) | (85,951) | (783) | (9,570) | (444) | (4) | (459) | (157,374) |
| Net Investment Income | (303,117) | (432,467) | (3,950) | (48,252) | (2,234) | (17) | 98,455 | (691,582) |
| Pool's Share Transactions | - | - | - | - | - | - | 329,500 | 329,500 |
| Operating Transfers In | - | - | - | - | 991 | - | - | 991 |
| Miscellaneous | 376 | - | - | - | - | 5 | - | 381 |
| Total Additions | 118,971 | (45,166) | 7,035 | (22,729) | (1,008) | 25 | 427,955 | 485,083 |
| Deductions: | ||||||||
| Administrative | 340 | - | 7 | 7 | 4 | - | - | 358 |
| Benefit Payments and Refunds | 619,174 | 697,103 | 12,499 | 53,915 | 2,060 | 186 | - | 1,384,937 |
| Distributions to Pool Participants | - | - | - | - | - | - | 98,455 | 98,455 |
| Other Program Expenses | - | - | - | - | 1,009 | - | - | 1,009 |
| Total Deductions | 619,514 | 697,103 | 12,506 | 53,922 | 3,073 | 186 | 98,455 | 1,484,759 |
| Net Increase (Decrease) in Net Assets | (500,543) | (742,269) | (5,471) | (76,651) | (4,081) | (161) | 329,500 | (999,676) |
| Net assets held in trust for pension benefits and | ||||||||
| pool participants: | ||||||||
| July 1, 2000 | 8,291,647 | 11,949,355 | 141,243 | 1,377,000 | 70,785 | 968 | 1,084,580 | 22,915,578 |
| June 30, 2001 | $7,791,104 | $11,207,086 | $135,772 | $1,300,349 | $66,704 | $807 | $1,414,080 | $21,915,902 |
The accompanying notes are an integral part of the financial statements.