Statement of Changes in Fiduciary Net Assets
Fiduciary Funds
June 30, 2014
(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 $565,544 $- $- $565,544
State 2,774,380 - - 2,774,380
Municipalities 152,557 - - 152,557
Total Contributions 3,492,481 - - 3,492,481
Investment Income 4,128,963 1,949 - 4,130,912
Less: Investment Expense (89,036) (429) - (89,465)
Net Investment Income 4,039,927 1,520 - 4,041,447
Escheat Securities Received - - 22,336 22,336
Pool's Share Transactions - 55,099 - 55,099
Other 9,271 - - 9,271
Total Additions 7,541,679 56,619 22,336 7,620,634
Deductions
Administrative Expense 8,249 - - 8,249
Benefit Payments and Refunds 4,134,135 - - 4,134,135
Escheat Securities Returned or Sold - - 21,237 21,237
Distributions to Pool Participants - 1,520 - 1,520
Other 7,738 - 1,489 9,227
Total Deductions 4,150,122 1,520 22,726 4,174,368
Change in Net Position Held In Trust For:
Pension and Other Employee Benefits 3,391,557 - - 3,391,557
Individuals, Organizations, and Other Governments - 55,099 (390) 54,709
Net Position - Beginning 26,022,814 867,105 998 26,890,917
Net Position - Ending $29,414,371 $922,204 $608 $30,337,183

The accompanying notes are an integral part of the financial statements.