| Statement of Changes in Fiduciary Net Assets | ||||
| Fiduciary Funds | ||||
| June 30, 2011 | ||||
| (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 | $418,302 | $- | $- | $418,302 |
| State | 1,957,473 | - | - | 1,957,473 |
| Municipalities | 51,126 | - | - | 51,126 |
| Total Contributions | 2,426,901 | - | - | 2,426,901 |
| Investment Income | 4,538,633 | 2,300 | - | 4,540,933 |
| Less: Investment Expense | (93,585) | (164) | - | (93,749) |
| Net Investment Income | 4,445,048 | 2,136 | - | 4,447,184 |
| Escheat Securities Received | - | - | 38,986 | 38,986 |
| Pool's Share Transactions | - | - | - | - |
| Transfers In | 3,665 | - | - | 3,665 |
| Other | 2,076 | - | - | 2,076 |
| Total Additions | 6,877,690 | 2,136 | 38,986 | 6,918,812 |
| Deductions | ||||
| Administrative Expense | 3,063 | - | - | 3,063 |
| Benefit Payments and Refunds | 3,558,116 | - | - | 3,558,116 |
| Escheat Securities Returned or Sold | - | - | 56,955 | 56,955 |
| Distributions to Pool Participants | - | 2,137 | - | 2,137 |
| Pool's Share Transactions | - | 280,066 | - | 280,066 |
| Other | 3,482 | - | 1,968 | 5,450 |
| Total Deductions | 3,564,661 | 282,203 | 58,923 | 3,905,787 |
| Change in Net Assets Held In Trust For: | ||||
| Pension and Other Employee Benefits | 3,313,029 | - | - | 3,313,029 |
| Individuals, Organizations, and Other Governments | - | (280,067) | (19,937) | (300,004) |
| Net Assets - Beginning | 21,898,051 | 885,093 | 22,098 | 22,805,242 |
| Net Assets - Ending | $25,211,080 | $605,026 | $2,161 | $25,818,267 |
The accompanying notes are an integral part of the financial statements.