| Statement of Changes in Fiduciary Net Assets | ||||
| Fiduciary Funds | ||||
| June 30, 2015 | ||||
| (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 | $613,551 | $- | $- | $613,551 |
| State | 2,944,919 | - | - | 2,944,919 |
| Municipalities | 114,281 | - | - | 114,281 |
| Total Contributions | 3,672,751 | - | - | 3,672,751 |
| Investment Income | 909,945 | 2,248 | - | 912,193 |
| Less: Investment Expense | (91,853) | (531) | - | (92,384) |
| Net Investment Income | 818,092 | 1,717 | - | 819,809 |
| Escheat Securities Received | - | - | 41,169 | 41,169 |
| Pool's Share Transactions | - | 83,691 | - | 83,691 |
| Transfers In | 8,313 | - | - | 8,313 |
| Other | 82,084 | - | - | 82,084 |
| Total Additions | 4,581,240 | 85,408 | 41,169 | 4,707,817 |
| Deductions | ||||
| Administrative Expense | 783 | - | - | 783 |
| Benefit Payments and Refunds | 4,337,817 | - | - | 4,337,817 |
| Escheat Securities Returned or Sold | - | - | 41,819 | 41,819 |
| Distributions to Pool Participants | - | 1,717 | - | 1,717 |
| Transfer Out | 8,313 | - | - | 8,313 |
| Other | 75 | - | (635) | (560) |
| Total Deductions | 4,346,988 | 1,717 | 41,184 | 4,389,889 |
| Change in Net Position Held In Trust For: | ||||
| Pension and Other Employee Benefits | 234,252 | - | - | 234,252 |
| Individuals, Organizations, and Other Governments | - | 83,691 | (15) | 83,676 |
| Net Position - Beginning (as restated) | 29,641,227 | 922,204 | 608 | 30,564,039 |
| Net Position - Ending | $29,875,479 | $1,005,895 | $593 | $30,881,967 |
The accompanying notes are an integral part of the financial statements.