| Statement of Changes in Fiduciary Net Assets | ||||
| Fiduciary Funds | ||||
| June 30, 2012 | ||||
| (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 | $437,495 | $- | $- | $437,495 |
| State | 2,289,432 | - | - | 2,289,432 |
| Municipalities | 59,348 | - | - | 59,348 |
| Total Contributions | 2,786,275 | - | - | 2,786,275 |
| Investment Income | (138,035) | 1,750 | - | (136,285) |
| Less: Investment Expense | (87,180) | (177) | - | (87,357) |
| Net Investment Income | (225,215) | 1,573 | - | (223,642) |
| Escheat Securities Received | - | - | 23,997 | 23,997 |
| Pool's Share Transactions | - | - | - | - |
| Pool's Share Transactions | - | 249,005 | - | 249,005 |
| Transfers In | 14,700 | - | - | 14,700 |
| Other | 5,684 | - | - | 5,684 |
| Total Additions | 2,581,444 | 250,578 | 23,997 | 2,856,019 |
| Deductions | ||||
| Administrative Expense | 3,149 | - | - | 3,149 |
| Benefit Payments and Refunds | 3,741,845 | - | - | 3,741,845 |
| Escheat Securities Returned or Sold | - | - | 23,133 | 23,133 |
| Distributions to Pool Participants | - | 1,572 | - | 1,572 |
| Other | 3,122 | - | 1,800 | 4,922 |
| Total Deductions | 3,748,116 | 1,572 | 24,933 | 3,774,621 |
| Change in Net Assets Held In Trust For: | ||||
| Pension and Other Employee Benefits | (1,166,672) | - | - | (1,166,672) |
| Individuals, Organizations, and Other Governments | - | 249,006 | (936) | 248,070 |
| Net Assets - Beginning | 25,211,080 | 605,026 | 2,161 | 25,818,267 |
| Net Assets - Ending | $24,044,408 | $854,032 | $1,225 | $24,899,665 |
The accompanying notes are an integral part of the financial statements.