| Statement of Changes in Fiduciary Net Assets | ||||
| Fiduciary Funds | ||||
| June 30, 2006 | ||||
| (Expressed in Thousands) | ||||
| Private- | ||||
|---|---|---|---|---|
| Pension & | Investment | Purpose | ||
| Other Employee | Trust Fund | Trust Fund | ||
| Benefit | External | Escheat | ||
| Trust Funds | Investment Pool | Securities | Total | |
| Additions | ||||
| Contributions: | ||||
| Plan Members | $376,483 | $- | $- | $376,483 |
| State | 1,048,705 | - | - | 1,048,705 |
| Municipalities | 32,844 | - | - | 32,844 |
| Total Contributions | 1,458,032 | - | - | 1,458,032 |
| Investment Income | 2,406,498 | 56,828 | - | 2,463,326 |
| Less: Investment Expense | (180,828) | (347) | - | (181,175) |
| Net Investment Income | 2,225,670 | 56,481 | - | 2,282,151 |
| Escheat Securities Received | - | - | 33,563 | 33,563 |
| Pool's Share Transactions | - | 180,893 | - | 180,893 |
| Transfers In | 2,228 | - | - | 2,228 |
| Other | 5,180 | - | 3,604 | 8,784 |
| Total Additions | 3,691,110 | 237,374 | 37,167 | 3,965,651 |
| Deductions | ||||
| Administrative Expense | 2,266 | - | - | 2,266 |
| Benefit Payments and Refunds | 2,134,966 | - | - | 2,134,966 |
| Escheat Securities Returned or Sold | - | - | 22,050 | 22,050 |
| Distributions to Pool Participants | - | 56,480 | - | 56,480 |
| Other | 2,240 | - | - | 2,240 |
| Total Deductions | 2,139,472 | 56,480 | 22,050 | 2,218,002 |
| Change in Net Assets Held In Trust For: | ||||
| Pension and Other Employee Benefits | 1,551,638 | - | - | 1,551,638 |
| Individuals, Organizations, and Other Governments | - | 180,894 | 15,117 | 196,011 |
| Net Assets - Beginning | 21,209,989 | 731,554 | 43,684 | 21,985,227 |
| Net Assets - Ending | $22,761,627 | $912,448 | $58,801 | $23,732,876 |
The accompanying notes are an integral part of the financial statements.