| Statement of Changes in Fiduciary Net Assets | ||||
| Fiduciary Funds | ||||
| June 30, 2013 | ||||
| (Expressed in Thousands) | ||||
| Private- | ||||
|---|---|---|---|---|
| Pension & | Investment | Purpose | ||
| Other Employee | Trust Fund | Trust Fund | ||
| Benefit | External | Escheat | ||
| Trust Funds | Investment Pool | Securities | Total | |
| Plan Members | $567,226 | $- | $- | $567,226 |
| State | 2,431,310 | - | - | 2,431,310 |
| Municipalities | 116,397 | - | - | 116,397 |
| Total Contributions | 3,114,933 | - | - | 3,114,933 |
| Investment Income | 2,807,525 | 1,926 | - | 2,809,451 |
| Less: Investment Expense | (86,710) | (255) | - | (86,965) |
| Net Investment Income | 2,720,815 | 1,671 | - | 2,722,486 |
| Escheat Securities Received | - | - | 16,346 | 16,346 |
| Pool's Share Transactions | - | - | - | - |
| Pool's Share Transactions | - | 13,073 | - | 13,073 |
| Transfers In | - | - | - | - |
| Other | 2,675 | - | - | 2,675 |
| Total Additions | 5,838,423 | 14,744 | 16,346 | 5,869,513 |
| Deductions | ||||
| Administrative Expense | 3,669 | - | - | 3,669 |
| Benefit Payments and Refunds | 3,855,819 | - | - | 3,855,819 |
| Escheat Securities Returned or Sold | - | - | 16,714 | 16,714 |
| Distributions to Pool Participants | - | 1,671 | - | 1,671 |
| Other | 529 | - | (141) | 388 |
| Total Deductions | 3,860,017 | 1,671 | 16,573 | 3,878,261 |
| Change in Net Position Held In Trust For: | ||||
| Pension and Other Employee Benefits | 1,978,406 | - | - | 1,978,406 |
| Individuals, Organizations, and Other Governments | - | 13,073 | (227) | 12,846 |
| Net Position - Beginning | 24,044,408 | 854,032 | 1,225 | 24,899,665 |
| Net Position - Ending | $26,022,814 | $867,105 | $998 | $26,890,917 |
The accompanying notes are an integral part of the financial statements.