| Statement of Changes in Net Assets | ||||||||
| Pension Trust Funds and Investment Trust Fund | ||||||||
| For the Fiscal Year Ended June 30, 1998 | ||||||||
| (Expressed in Thousands) | ||||||||
| Pension Trust | Pension Trust | |||||||
|---|---|---|---|---|---|---|---|---|
| Connecticut | External | |||||||
| State | State | Municipal | Probate | Investment | ||||
| Employees | Teachers | Judicial | Employees | Judges | Other | Pool | Total | |
| Additions: | ||||||||
| Contributions: | ||||||||
| Plan Participants | $ 35,409 | $ 147,862 | $ 1,022 | $ 27,985 | $ 212 | $ 31 | $ - | $ 212,521 |
| State | 253,350 | 179,365 | 9,309 | - | - | - | - | 442,024 |
| Federal and Other | 81,496 | - | - | - | - | - | - | 81,496 |
| Intergovernmental | - | 6,748 | - | - | - | - | - | 6,748 |
| Total Contributions. | 370,255 | 333,975 | 10,331 | 27,985 | 212 | 31 | - | 742,789 |
| Investment Income | 1,084,906 | 1,557,642 | 16,893 | 170,926 | 9,216 | 128 | 66,111 | 2,905,822 |
| Less: Investment Expenses | (46,996) | (67,440) | (732) | (7,411) | (398) | (5) | (372) | (123,354) |
| Net Investment Income | 1,037,910 | 1,490,202 | 16,161 | 163,515 | 8,818 | 123 | 65,739 | 2,782,468 |
| Pool's Share Transactions. | - | - | - | - | - | - | 267,376 | 267,376 |
| Operating Transfers In. | - | - | - | - | 761 | - | - | 761 |
| Miscellaneous | 1,185 | - | - | - | - | - | - | 1,185 |
| Total Additions | 1,409,350 | 1,824,177 | 26,492 | 191,500 | 9,791 | 154 | 333,115 | 3,794,579 |
| Deductions: | ||||||||
| Administrative | 350 | - | 6 | - | - | - | - | 356 |
| Benefit Payments and Refunds | 550,802 | 523,035 | 10,804 | 43,059 | 1,596 | 13 | - | 1,129,309 |
| Distributions to Pool Participants | - | - | - | - | - | - | 65,739 | 65,739 |
| Other Program Expenses | - | - | - | - | 576 | - | - | 576 |
| Total Deductions | 551,152 | 523,035 | 10,810 | 43,059 | 2,172 | 13 | 65,739 | 1,195,980 |
| Net Increase (Decrease) in Net Assets | 858,198 | 1,301,142 | 15,682 | 148,441 | 7,619 | 141 | 267,376 | 2,598,599 |
| Net assets held in trust for pension benefits and pool participants: | ||||||||
| July 1, 1997 (as restated) | 6,174,141 | 8,702,282 | 98,830 | 977,978 | 52,816 | 699 | 691,788 | 16,698,534 |
| June 30, 1998 | $ 7,032,339 | $ 10,003,424 | $ 114,512 | $ 1,126,419 | $ 60,435 | $ 840 | $ 959,164 | $ 19,297,133 |
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