Notes to the Financial Statements

June 30, 2012

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 $- $125,194 $- $- $27 $265 $125,486
Receivables:
Accounts, Net of Allowances 6,636 11,768 7 12,831 4 - 31,246
From Other Governments - 693 - - - - 693
From Other Funds 4 7 - - - - 11
Interest 203 495 3 22 4 - 727
Investments 8,468,271 13,473,162 156,910 1,675,299 78,044 1,195 23,852,881
Securities Lending Collateral 950,394 1,476,215 20,141 205,745 9,360 161 2,662,016
Total Assets 9,425,508 15,087,534 177,061 1,893,897 87,439 1,621 26,673,060
Liabilities
Accounts Payable and Accrued Liabilities 26 127,154 - - - - 127,180
Securities Lending Obligation 950,394 1,476,215 20,141 205,745 9,360 161 2,662,016
Due to Other Funds 6,447 2,029 1 1,575 - - 10,052
Total Liabilities 956,867 1,605,398 20,142 207,320 9,360 161 2,799,248
Net Assets
Held in Trust For Employee
Pension Benefits 8,468,641 13,482,136 156,919 1,686,577 78,079 1,460 23,873,812
Total Net Assets $8,468,641 $13,482,136 $156,919 $1,686,577 $78,079 $1,460 $23,873,812

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 $68,776 $266,559 $1,565 $18,452 $249 $39 $355,640
State 926,343 757,246 15,095 - - - 1,698,684
Municipalities - - - 59,307 - - 59,307
Total Contributions 995,119 1,023,805 16,660 77,759 249 39 2,113,631
Investment Income (59,436) (96,538) 2,267 13,534 699 65 (139,409)
Less: Investment Expenses (30,981) (48,932) (593) (6,297) (292) (4) (87,099)
Net Investment Income (90,417) (145,470) 1,674 7,237 407 61 (226,508)
TransfersIn - - - - 200 - 200
Other 4,126 364 - 1,009 185 - 5,684
Total Additions 908,828 878,699 18,334 86,005 1,041 100 1,893,007
Deductions
Administrative Expense 543 - - - - - 543
Benefit Payments and Refunds 1,424,666 1,545,867 20,313 106,583 4,384 1 3,101,814
Other - 2,933 - 2 183 - 3,118
Total Deductions 1,425,209 1,548,800 20,313 106,585 4,567 1 3,105,475
Changes in Net Assets (516,381) (670,101) (1,979) (20,580) (3,526) 99 (1,212,468)
Net Assets Held in Trust For
Employee Pension Benefits:
Beginning of Year 8,985,022 14,152,237 158,898 1,707,157 81,605 1,361 25,086,280
End of Year $8,468,641 $13,482,136 $156,919 $1,686,577 $78,079 $1,460 $23,873,812