TRS 2011 Comprehensive Annual Financial Report

TEACHER RETIREMENT SYSTEM OF TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT 2011
1 0 - Y E A R S U M M A R Y
Changes in Fiduciary Net Assets
TRS-CARE (RETIRED PLAN)
FOR THE FISCAL YEARS ENDED AUGUST 31
2011 2010 2009 2008
Additions:
Health Care Premiums $ 345,164,271 $ 332,481,933 $ 329,723,191 $ 328,505,433
State Contributions 282,782,431 279,250,547 267,471,299 254,722,174
Member Contributions 183,808,580 181,512,856 173,856,344 165,569,413
Reporting Entities Contributions 158,724,010 155,918,241 149,562,613 141,672,630
On Behalf Fringe Benefits Paid by
the State 108,440 101,511 95,929 91,945
Federal Revenue 136,887,805 70,795,686 61,530,735 59,486,239
Investment Income 8,168,640 11,679,229 17,482,143 29,252,347
Legislative Appropriations Transfer
from TRS-ActiveCare
TOTAL ADDITIONS $ 1,115,644,177 $ 1,031,740,003 $ 999,722,254 $ 979,300,181
Deductions:
Health Care Claims $ 992,478,380 $ 971,356,805 $ 885,132,865 $ 833,509,538
Health Care Claims Processing 44,115,872 42,535,601 40,364,063 36,747,710
Administrative Expenses, Excluding
Investing Activity Expenses 3,143,922 3,031,686 2,916,259 3,000,536
Legislative Appropriations Transfer
to TRS-ActiveCare
TOTAL DEDUCTIONS $ 1,039,738,174 $ 1,016,924,092 $ 928,413,187 $ 873,257,784
Net Increase (Decrease) $ 75,906,003 $ 14,815,911 $ 71,309,067 $ 106,042,397
Net Assets - Beginning of Year $ 814,964,303 $ 800,148,392 $ 728,839,325 $ 622,796,928
Restatements
Financial Trends Information
Beginning of Year, As Restated $ 814,964,303 $ 800,148,392 $ 728,839,325 $ 622,796,928
Net Assets - End of Year $ 890,870,306 $ 814,964,303 $ 800,148,392 $ 728,839,325
130 STATISTICAL SECTION