Additions and Deductions in New York City Pension Trust Funds


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Table 6.XI
Additions and Deductions in New York City Pension Trust Funds
2007
(in $ thousands)
Particulars	NYC Employees' Retirement System	NYC Teachers' Retirement System	Board of Education Retirement System	NYC Police Pension Fund	NYC Fire Pension Fund	Total
Particulars	2007	2007	2007	2007	2007	2007
Additions:
Member contributions	351,073	143,786	26,148	132,213	71,614	724,834
Employer contributions	1,471,030	1,600,904	129,820	1,544,341	683,193	5,429,288
Other employer contributions	-	21,839	-	-	-	21,839
Interest income	709,213	618,991	33,700	306,662	110,726	1,779,292
Dividend income	1,181,484	533,097	20,602	226,509	75,110	2,036,802
Change in value of investments	4,858,163	5,697,519	291,898	2,923,000	946,293	14,716,873
Less investment expenses	98,137	81,688	4,537	58,809	18,862	262,033
Securities lending income	396,142	421,923	22,935	209,470	75,687	1,126,157
Securities lending fees	(376,008)	(404,590)	(21,942)	(200,035)	(71,727)	(1,074,302)
Other	2,997	2,316	39,148	3,498	36,770	84,729
Total additions...a	8,495,957	8,554,097	537,772	5,086,849	1,908,804	24,583,479

Deductions:
Benefit payments	3,216,188	3,580,005	160,450	1,722,052	871,477	9,550,172
Payments to other funds	7,608	-	-	-	-	7,608
Other	4,301	453	-	-	-	4,754
Administrative expenses	41,695	37,565	7,281	14,791	-	101,332
Total deductions...b	3,269,792	3,618,023	167,731	1,736,843	871,477	9,663,866
Increase in net assets..c=a-b	5,226,165	4,936,074	370,041	3,350,006	1,037,327	14,919,613

Net Assets in Pension Trusts:
Beginning of Year...d	37,288,164	32,206,717	1,809,411	18,555,484	6,165,334	96,025,110
End of Year...c+d	42,514	37,142,791	2,179,452	21,905,490	7,202,661	110,944,723

See Table 6.I for an explanation of the terms used here.

Source:
Comprehensive Annual Financial Reports of the Comptroller-Basic Financial Statements(Part IIA)/ Financial analysis of Government Funds / Pg 132
http://www.comptroller.nyc.gov/bureaus/acc/cafr-pdf/cafr2007.pdf

Table 6.XI
Additions and Deductions in New York City Pension Trust Funds
2006
(in $ thousands)
Particulars	NYC Employees' Retirement System	NYC Teachers' Retirement System	Board of Education Retirement System	NYC Police Pension Fund	NYC Fire Pension Fund	Total
Particulars	2006	2006	2006	2006	2006	2006
Additions:
Member contributions	341,643	141,056	23,810	144,574	76,548	727,631
Employer contributions	1,024,358	1,316,611	90,839	1,337,715	608,771	4,378,294
Other employer contributions	-	21,727	-	-	-	21,727
Interest income	647,336	625,541	30,371	292,308	103,447	1,699,003
Dividend income	335,795	412,535	16,687	179,533	60,878	1,005,428
Change in value of investments	2,472,910	2,613,216	131,314	1,322,843	437,591	6,977,874
Less investment expenses	(69,381)	(63,309)	(3,077)	(42,269)	(14,704)	(192,740)
Securities lending income	268,429	242,127	15,237	129,232	47,332	702,357
Securities lending fees	(249390)	(220,341)	(14,213)	(120,079)	(44,149)	(648,172)
Other	2,937	-	-	3,860	28,971	35,768
Total additions...a	4,774,637	5,089,163	290,968	3,247,717	1,304,685	14,707,170

Deductions:
Benefit payments	2,962,223	3,340,277	156,511	1,919,088	800,975	9,179,074
Payments to other funds	5,479	-	-	-	-	5,479
Other	4,799	401	2,378	-	-	7,578
Administrative expenses	40,291	33,938	8,195	13,279	-	95,703
Total deductions...b	3,012,792	3,374,616	167,084	1,932,367	800,975	9,287,834
Increase in net assets..c=a-b	1,761,845	1,714,547	123,884	1,315,350	503,710	5,419,336

Net Assets in Pension Trusts:
Beginning of Year...d	35,526,319	30,492,170	1,685,527	17,240,134	5,661,624	90,605,774
End of Year...c+d	37,288,164	32,206,717	1,809,411	18,555,484	6,165,334	96,025,110

See Table 6.I for an explanation of the terms used here.

Source:
Comprehensive Annual Financial Reports of the Comptroller-Basic Financial Statements(Part IIA)/ Financial analysis of Government Funds / Pg 128-129
http://www.comptroller.nyc.gov/bureaus/acc/cafr-pdf/cafr2006.pdf

Table 6.XI
Additions and Deductions in New York City Pension Trust Funds
2005
(in $ thousands)
Particulars	NYC Employees' Retirement System	NYC Teachers' Retirement System	Board of Education Retirement System	NYC Police Pension Fund	NYC Fire Pension Fund	Total
Particulars	2005	2005	2005	2005	2005	2005
Additions:
Member contributions	310,847	124,539	23,087	119,576	52,680	630,729
Employer contributions	822,763	1,228,275	96,650	1,033,285	489,508	3,670,481
Other employer contributions	-	20,429	-	-	-	20,429
Interest income	585,593	394,657	27,685	270,041	84,321	1,632,297
Dividend income	416,751	386,594	17,429	183,614	62,863	1,067,251
Change in value of investments	2,101,019	2,256,624	102,633	1,148,299	422,856	6,034,431
Less investment expenses	(53,943)	(49,889)	(2,748)	(38,285)	(13,335)	(158,200)
Securities lending income	178,982	113,072	7,772	74,128	25,409	399,363
Securities lending fees	(154,609)	(97,109)	(7,004)	(64,814)	(21,293)	(344,829)
Other	33,287	3,215	-	2,442	49,662	88,606
Total additions...a	4,243,690	4,380,407	265,504	2,728,286	1,152,671	12,770,558

Deductions:
Benefit payments	2,843,288	3,133,272	156,412	1,611,200	842,228	8586400
Payments to other funds	-	-	9,746	-	-	-
Other	14,983	-	8,364	-	-	24,729
Administrative expenses	37,304	37,722	8,364	13,671	-	97,061
Total deductions...b	2,895,575	3,170,994	174,522	1,624,871	842,228	8,708,190
Increase in net assets..c=a-b	1,348,115	1,209,413	90,982	1,103,415	310,443	4,062,368

Net Assets in Pension Trusts:
Beginning of Year...d	34,178,204	29,282,413	1,594,545	16,136,719	5,351,181	86,543,406
End of Year...c+d	35,526,319	30,492,170	1,685,527	17,240,134	5,661,624	90,605,774

See Table 6.I for an explanation of the terms used here.

Source:
Comprehensive Annual Financial Reports of the Comptroller-Basic Financial Statements(Part IIA)/ Financial analysis of Government Funds / Pg 128-129
http://www.comptroller.nyc.gov/bureaus/acc/cafr-pdf/cafr2007.pdf

Table 6.XI

Additions and Deductions in New York City Pension Trust Funds

2007

(in $ thousands)

Table 6.XI

Additions and Deductions in New York City Pension Trust Funds

2006

(in $ thousands)

Table 6.XI

Additions and Deductions in New York City Pension Trust Funds

2005

(in $ thousands)