TRS 2011 Comprehensive Annual Financial Report

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TEACHER RETIREMENT SYSTEM OF TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT 2011 Operating Information Average Benefit Payments PENSION TRUST FUND LAST TEN FISCAL YEARS Years Credited Service Retirement Effective Dates 5-10 11-15 16-20 21-25 26-30 30+ 9-1-01 to 8-31-02 Average Monthly Benefit * $ 235.62 $ 465.19 $ 948.58 $ 1,446.47 $ 2,210.88 $ 3,032.32 Average Final Average Salary $ 20,405 $ 24,637 $ 31,300 $ 36,564 $ 46,505 $ 53,956 Number of Retirees 1,207 1,252 1,648 3,077 4,982 4,722 9-1-02 to 8-31-03 Average Monthly Benefit * $ 267.23 $ 501.44 $ 969.32 $ 1,476.39 $ 2,222.05 $ 3,044.63 Average Final Average Salary $ 23,438 $26,804 $ 31,814 $ 37,452 $ 46,435 $ 53,748 Number of Retirees 1,504 1,637 2,157 3,790 6,000 5,085 9-1-03 to 8-31-04 Average Monthly Benefit * $ 269.62 $ 482.03 $ 983.69 $ 1,498.10 $ 2,181.65 $ 3,039.38 Average Final Average Salary $ 23,472 $ 26,777 $ 32,463 $ 38,613 $ 46,745 $ 54,523 Number of Retirees 1,795 2,278 3,090 5,670 7,998 6,254 9-1-04 to 8-31-05 Average Monthly Benefit * $ 272.29 $ 534.30 $ 1,058.22 $ 1,602.60 $ 2,333.09 $ 3,268.08 Average Final Average Salary $ 24,774 $ 28,314 $ 35,336 $ 41,197 $ 49,446 $ 58,164 Number of Retirees 1,410 1,227 1,427 2,073 3,174 2,492 9-1-05 to 8-31-06 Average Monthly Benefit * $ 279.86 $ 581.08 $ 1,094.99 $ 1,632.03 $ 2,339.64 $ 3,311.32 Average Final Average Salary $ 25,456 $ 30,647 $ 36,767 $ 42,297 $ 49,650 $ 58,987 Number of Retirees 1,494 1,129 1,578 2,483 3,332 2,701 9-1-06 to 8-31-07 Average Monthly Benefit * $ 309.31 $ 599.69 $ 1,118.68 $ 1,697.33 $ 2,424.40 $ 3,454.36 Average Final Average Salary $ 27,448 $ 31,601 $ 37,444 $ 44,120 $ 51,683 $ 61,103 Number of Retirees 1,575 1,183 1,554 2,626 3,290 2,835 9-1-07 to 8-31-08 Average Monthly Benefit * $ 314.01 $ 619.37 $ 1,149.46 $ 1,756.45 $ 2,534.82 $ 3,507.17 Average Final Average Salary $ 27,891 $ 32,392 $ 38,415 $ 45,578 $ 53,609 $ 61,837 Number of Retirees 1,532 1,282 1,902 2,942 3,754 3,332 9-1-08 to 8-31-09 Average Monthly Benefit * $ 350.03 $ 656.43 $ 1,216.76 $ 1,769.01 $ 2,607.96 $ 3,626.69 Average Final Average Salary $ 29,740 $ 33,084 $ 40,362 $ 45,647 $ 54,736 $ 63,059 Number of Retirees 1,464 1,377 1,917 2,877 3,361 3,229 9-1-09 to 8-31-10 Average Monthly Benefit * $ 362.62 $ 669.56 $ 1,224.03 $ 1,836.62 $ 2,634.63 $ 3,726.76 Average Final Average Salary $ 30,285 $ 34,364 $ 40,460 $ 47,303 $ 55,169 $ 64,233 Number of Retirees 1,676 1,603 2,238 3,517 3,823 4,186 9-1-10 to 8-31-11 Average Monthly Benefit * $ 385.71 $ 711.76 $ 1,266.00 $ 1,870.17 $2,665.53 $ 3,766.87 Average Final Average Salary $ 32,046 $ 35,690 $ 42,073 $ 48,182 $ 55,116 $ 64,929 Number of Retirees 1,737 1,692 2,407 3,852 4,283 5,510 * Average monthly benefits have been reduced for Partial Lump Sum Option payments of $386.4, $427.9, $696.2, $288.1, $313.4, $325.7, $363.7, $348.3, $385.6 and $524.9 million in fiscal years 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010 and 2011 respectively. 138 STATISTICAL SECTION
TEACHER RETIREMENT SYSTEM OF TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT 2011 Operating Information Average Health Care Claims TRS-CARE (RETIRED PLAN) LAST TEN FISCAL YEARS 2011 Average Claims Per Participant $ 4,718.15 Health Care Claims $ 992,478,380 Average Participants 210,353 2010 Average Claims Per Participant $ 4,790.25 Health Care Claims $ 971,356,805 Average Participants 202,778 2009 Average Claims Per Participant $ 4,464.01 Health Care Claims $ 885,132,865 Average Participants 198,282 2008 Average Claims Per Participant $ 4,302.36 Health Care Claims $ 833,509,538 Average Participants 193,733 2007 Average Claims Per Participant $ 3,891.49 Health Care Claims $ 742,293,147 Average Participants 190,748 2006 Average Claims Per Participant $ 3,658.53 Health Care Claims $ 687,086,291 Average Participants 187,804 2005 Average Claims Per Participant $ 3,563.06 Health Care Claims $ 660,559,083 Average Participants 185,391 2004 Average Claims Per Participant $ 3,434.58 Health Care Claims $ 581,354,957 Average Participants 169,265 2003 Average Claims Per Participant $ 3,698.31 Health Care Claims $ 571,744,362 Average Participants 154,596 2002 Average Claims Per Participant $ 3,156.18 Health Care Claims $ 451,709,670 Average Participants 143,119 Average Health Care Claims TRS-ACTIVECARE (ACTIVE PLAN) LAST NINE FISCAL YEARS (SINCE PLAN INCEPTION) 2011 Average Claims Per Participant $ 3,661.85 Health Care Claims $ 1,510,090,981 Average Participants 412,385 2010 Average Claims Per Participant $ 3,509.11 Health Care Claims $ 1,313,114,197 Average Participants 374,201 2009 Average Claims Per Participant $ 3,323.59 Health Care Claims $ 1,122,646,958 Average Participants 337,781 2008 Average Claims Per Participant $ 3,059.63 Health Care Claims $ 952,156,339 Average Participants 311,200 2007 Average Claims Per Participant $ 2,834.53 Health Care Claims $ 801,148,962 Average Participants 282,639 2006 Average Claims Per Participant $ 2,744.75 Health Care Claims $ 708,972,484 Average Participants 258,301 2005 Average Claims Per Participant $ 2,714.19 Health Care Claims $ 663,361,138 Average Participants 244,405 2004 Average Claims Per Participant $ 2,357.20 Health Care Claims $ 520,998,423 Average Participants 221,024 2003 Average Claims Per Participant $ 2,616.24 Health Care Claims $ 473,450,544 Average Participants 180,966 STATISTICAL SECTION 139
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Teacher Retirement System of Texas
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TEACHER RETIREMENT SYSTEM OF TEXAS
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INTRODUCTORY SECTION
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TRS 2011 Comprehensive Annual Financial Report

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