TRS 2011 Comprehensive Annual Financial Report
TRS 2011 Comprehensive Annual Financial Report
TRS 2011 Comprehensive Annual Financial Report
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TEACHER RETIREMENT SYSTEM OF TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT <strong>2011</strong><br />
<strong>Financial</strong> Trends Information<br />
Benefits and Refund Deductions<br />
from Net Assets by Type<br />
PENSION TRUST FUND<br />
LAST TEN FISCAL YEARS<br />
<strong>2011</strong> 2010 2009 2008<br />
Type of Benefit<br />
Service Retirements ** $ 6,241,946,655 $ 5,841,963,927 $ 5,565,925,090 $ 5,649,308,335*<br />
Deferred Retirement Option 27,822,115 22,607,290 23,272,668 26,757,772<br />
Partial Lump Sum Option 524,925,790 385,555,126 348,261,100 363,668,944<br />
Disability Retirements 144,865,109 141,396,837 138,569,650 146,907,654<br />
Death and Survivor Benefits:<br />
<strong>Annual</strong> Salary 47,295,194 45,698,147 43,235,232 42,216,290<br />
Survivor Annuities 86,898,720 82,574,358 79,951,723 78,862,569<br />
Life Annuities 84,893,007 83,238,898 81,764,240 85,576,098<br />
60 Monthly Payments 11,564,275 10,824,948 10,180,012 10,169,530<br />
Remainder of Contributions 3,293,923 3,537,843 3,274,400 3,177,348<br />
Excess Benefits 1,750,588 1,504,510 1,553,381 1,646,494<br />
TOTAL BENEFITS $ 7,175,255,376 $ 6,618,901,884 $ 6,295,987,496 $ 6,408,291,034<br />
Type of Refund<br />
Death $ 3,984,340 $ 3,710,941 $ 3,084,718 $ 2,520,283<br />
Separation 330,284,482 261,475,648 263,610,358 275,482,331<br />
TOTAL REFUNDS $ 334,268,822 $ 265,186,589 $ 266,695,076 $ 278,002,614<br />
* A one-time supplemental payment capped at $2,400 was distributed to eligible retirees in January 2008.<br />
** For fiscal years 2010 and prior, Service Retirements changed due to the reclassification of Transfers of Service Contributions with Employees Retirement<br />
System of Texas.<br />
Health Care Claims Deductions from Net Assets by Type<br />
<strong>TRS</strong>-CARE (RETIRED PLAN)<br />
LAST TEN FISCAL YEARS<br />
<strong>2011</strong> 2010 2009 2008<br />
Type of Claim<br />
Medical $ 608,461,321 $ 575,539,788 $ 531,239,020 $ 498,767,038<br />
Prescription Drugs 384,017,059 395,817,017 353,893,845 334,742,500<br />
TOTAL $ 992,478,380 $ 971,356,805 $ 885,132,865 $ 833,509,538<br />
Health Care Claims Expenses from Net Assets by Type<br />
<strong>TRS</strong>-ACTIVECARE (ACTIVE PLAN)<br />
LAST NINE FISCAL YEARS (SINCE PLAN INCEPTION)<br />
<strong>2011</strong> 2010 2009 2008<br />
Type of Claim<br />
Medical $ 1,242,673,156 $ 1,092,107,916 $ 934,733,927 $ 788,240,087<br />
Prescription Drugs 267,417,825 221,006,281 187,913,031 163,916,252<br />
TOTAL $ 1,510,090,981 $ 1,313,114,197 $ 1,122,646,958 $ 952,156,339<br />
136 STATISTICAL SECTION
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