CAFR - sdcera

S T A T I S T I C A L /
C H A N G E S I N P L A N N E T A S S E T S
CHANGES IN PLAN NET ASSETS
FOR THE LAST TEN FISCAL YEARS ENDED JUNE 30
(MILLIONS OF DOLLARS)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Additions
Employee Contributions (1) $ 6.7 $ 7.4 $ 8.4 $ 10.8 $ 17.3 $ 34.7 $ 33.6 $ 40.8 $ 41.9 $ 44.5
Employer Contributions (2) 51.8 36.4 38.1 41.1 50.6 616.1 700.6 316.1 302.5 320.5
Investment Income (Net of expenses) 466.9 396.0 564.4 (344.8) (164.8) 149.9 936.5 794.7 962.2 1119.3
Total Additions $ 525.4 $ 439.8 $ 610.9 $(292.9) $ (96.9) $800.7 $1,670.7 $1,151.6 $1,306.6 $1,484.3
Deductions
Administrative Expenses $ 4.5 $ 4.8 $ 5.3 $ 6.4 $ 7.6 $ 7.0 $ 7.4 $ 7.5 $ 8.0 $ 10.3
Retirement Benefits (1) (3) 103.7 121.3 132.8 144.1 163.0 201.2 228.8 259.5 290.2 322.6
Health Benefits 6.6 7.9 9.0 10.8 14.3 19.9 26.5 32.6 32.9 35.3
Refunds 0.9 1.4 1.7 1.6 1.5 2.8 2.7 2.2 3.0 2.6
Total Deductions $ 115.7 $ 135.4 $ 148.8 $ 162.9 $ 186.4 $230.9 $ 265.4 $ 301.8 $ 334.1 $ 370.8
Total Change in Net Assets $ 409.7 $ 304.4 $ 462.1 $(455.8) $(283.3) $569.8 $1,405.3 $ 849.8 $ 972.5 $1,113.5
NOTES:
(1)
Enhancement of Plan benefits in March 2002, resulted in an increase in member contributions and benefit payments.
(2)
Includes proceeds from Pension obligation bonds of $550 million in 2003 and $450 million in 2004.
(3)
Refer to benefit and refund deductions for detail.
SDCERA NET ASSET VALUE
Millions of Dollars
10,000
10,000
8,000
6,000
4,000
2,000
-
Millions of Dollars
8,000
6,000
4,000
2,000
-
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
For the Fiscal Years Ended June 30
For the Fiscal Years Ended June 30
Beginning Net Asset
Beginning Net Asset
Ending Net Asset
Ending Net Asset
74 COMPREHENSIVE ANNUAL FINANCIAL REPORT 2007