State of Connecticut

Notes to the Financial Statements

June 30, 2010

Note 13 Pension Trust Funds Financial Statements

The financial statements of the pension trust funds are prepared using the accrual basis of accounting. Plan member contributions are recognized in the period in which the contributions are due. State contributions are recognized in the period in which the contributions are appropriated. Benefits and refunds are recognized when due and payable in accordance with the terms of each plan. Investment income and related expenses of the Combined Investment Funds are allocated ratably to the pension trust funds based on each fundís equity in the Combined Investment Funds.

Statement of Fiduciary Net Assets (000's)
Connecticut
State State Municipal Probate
Employees' Teachers' Judicial Employees' Judges' Other Total
Assets
Cash and Cash Equivalents $- $1,095 $1 $- $33 $234 $1,363
Receivables:
Accounts, Net of Allowances 2,088 8,939 7 7,409 5 - 18,448
From Other Governments - 2,219 - - - - 2,219
From Other Funds (8) (7) - 1 - - (14)
Interest 28 49 1 7 - - 85
Investments 7,789,607 12,273,555 149,775 1,470,621 71,821 991 21,756,370
Securities Lending Collateral 979,674 1,518,160 27,783 248,333 12,191 172 2,786,313
Total Assets 8,771,389 13,804,010 177,567 1,726,371 84,050 1,397 24,564,784
Liabilities
Accounts Payable and Accrued Liabilities 15 - - - - - 15
Securities Lending Obligation 979,674 1,518,160 27,783 248,333 12,191 172 2,786,313
Due to Other Funds 358 1,520 - 131 - - 2,009
Total Liabilities 980,047 1,519,680 27,783 248,464 12,191 172 2,788,337
Net Assets
Held in Trust For Employee Pension Benefits 7,791,342 12,284,330 149,784 1,477,907 71,859 1,225 21,776,447
Total Net Assets $7,791,342 $12,284,330 $149,784 $1,477,907 $71,859 $1,225 $21,776,447

Statement of Changes in Fiduciary Net Assets (000's)
Connecticut
State State Municipal Probate
Employees' Teachers' Judicial Employees' Judges' Other Total
Additions
Contributions:
Plan Members $65,662 $252,975 $1,570 $15,879 $297 $52 $336,435
State 720,527 559,224 - - - - 1,279,751
Municipalities - - - 38,437 - - 38,437
Total Contributions 786,189 812,199 1,570 54,316 297 52 1,654,623
Investment Income 986,656 1,538,815 19,350 174,508 8,577 93 2,727,999
Less: Investment Expenses (31,745) (48,923) (623) (5,614) (276) (2) (87,183)
Net Investment Income 954,911 1,489,892 18,727 168,894 8,301 91 2,640,816
Transfers In - - - - 2,740 - 2,740
Other - 201 - 989 149 - 1,339
Total Additions 1,741,100 2,302,292 20,297 224,199 11,487 143 4,299,518
Deductions
Administrative Expense 417 - - - - - 417
Benefit Payments and Refunds 1,272,121 1,428,516 18,694 95,514 3,175 2 2,818,022
Other - 126 - 3 2,751 - 2,880
Total Deductions 1,272,538 1,428,642 18,694 95,517 5,926 2 2,821,319
Changes in Net Assets 468,562 873,650 1,603 128,682 5,561 141 1,478,199
Net Assets Held in Trust For Employee Pension Benefits:
Beginning of Year 7,322,780 11,410,680 148,181 1,349,225 66,298 1,084 20,298,248
End of Year $7,791,342 $12,284,330 $149,784 $1,477,907 $71,859 $1,225 $21,776,447