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.