|
STATE OF MARYLAND
Combining Statement of Changes in Plan Net Assets
Pension Trust Funds
for the year ended June 30, 2000
(Expressed in Thousands)
|
|
Teachers'
Retirement
|
Retirement
Employees'
Retirement
|
and Pension
Judges'
|
System of Maryland
State Police
|
Local Fire
|
Law
Enforcement
|
|
Mass Transit
|
|
|
|
and Pension
|
and Pension
|
Retirement
|
Retirement
|
and Police
|
Officers' Pension
|
|
Administration
|
|
|
|
Systems
|
Systems
|
System
|
System
|
System
|
System
|
Subtotal
|
Pension Plan
|
Total
|
|
Additions:
|
|
|
|
|
|
|
|
|
|
|
Contributions:
|
|
|
|
|
|
|
|
|
|
|
Employers........................................................................................
|
$ 17,369
|
$ 219,653
|
$ 14,456
|
$ 1,075
|
$ 987
|
$ 10,543
|
$ 264,083
|
$13,721
|
$ 277,804
|
|
Members .........................................................................................
|
102,758
|
71,278
|
1,375
|
6,652
|
11
|
433
|
182,507
|
|
182,507
|
|
Sponsors..........................................................................................
|
418,065
|
|
274
|
|
|
|
418,339
|
|
418,339
|
|
Total Contributions.....................................................................
|
538,192
|
290,931
|
16,105
|
7,727
|
998
|
10,976
|
864,929
|
13,721
|
878,650
|
|
Investment income:
|
|
|
|
|
|
|
|
|
|
|
Net appreciation in fair value of investment......................................
|
1,635,740
|
986,540
|
18,001
|
138,122
|
598
|
11,905
|
2,790,906
|
3,142
|
2,794,048
|
|
Interest................................................................................................
|
379,245
|
209,360
|
5,279
|
19,386
|
336
|
2,231
|
615,837
|
6,774
|
622,611
|
|
Dividends...........................................................................................
|
140,627
|
81,124
|
1,889
|
11,083
|
102
|
1,126
|
235,951
|
|
235,951
|
|
Real estate operating net income .......................................................
|
12,535
|
5,801
|
306
|
729
|
29
|
148
|
19,548
|
|
19,548
|
|
Total investment income .............................................................
|
2,168,147
|
1,282,825
|
25,475
|
169,320
|
1,065
|
15,410
|
3,662,242
|
9,916
|
3,672,158
|
|
Less investment expense .......................................................................
|
103,408
|
60,292
|
1,848
|
7,996
|
111
|
865
|
174,520
|
|
174,520
|
|
Net investment income ................................................................
|
2,064,739
|
1,222,533
|
23,627
|
161,324
|
954
|
14,545
|
3,487,722
|
9,916
|
3,497,638
|
|
Total additions .............................................................................
|
2,602,931
|
1,513,464
|
39,732
|
169,051
|
1,952
|
25,521
|
4,352,651
|
23,637
|
4,376,288
|
|
Deductions:
|
|
|
|
|
|
|
|
|
|
|
Benefit payments................................................................................
|
731,409
|
400,353
|
14,507
|
40,226
|
313
|
4,146
|
1,190,954
|
9,924
|
1,200,878
|
|
Refunds...............................................................................................
|
9,783
|
6,764
|
4
|
241
|
|
13
|
16,805
|
|
16,805
|
|
Administrative expenses.....................................................................
|
11,895
|
6,800
|
134
|
847
|
5
|
70
|
19,751
|
179
|
19,930
|
|
Net transfers ........ ...............................................................................
|
735
|
18,398
|
3
|
(19)
|
4
|
(19,121)
|
|
|
|
|
Total deductions ..........................................................................
|
753,822
|
432,315
|
14,648
|
41,295
|
322
|
(14,892)
|
1,227,510
|
10,103
|
1,237,613
|
|
Net increase in plan assets ...............................................................
|
1,849,109
|
1,081,149
|
25,084
|
127,756
|
1,630
|
40,413
|
3,125,141
|
13,534
|
3,138,675
|
|
Net assets held in trust for
|
|
|
|
|
|
|
|
|
|
|
pension benefits:
|
|
|
|
|
|
|
|
|
|
|
July 1,1999.........................................................................................
|
18,001,322
|
10,393,766
|
205,199
|
1,270,438
|
8,762
|
106,062
|
29,985,549
|
64,921
|
30,050,470
|
|
June 30, 2000......................................................................................
|
$19,850,431
|
$11,474,915
|
$230,283
|
$1,398,194
|
$10,392
|
$146,475
|
$33,110,690
|
$78,455
|
$33,189,145
|
|
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