TRS 2011 Comprehensive Annual Financial Report

TEACHER RETIREMENT SYSTEM OF TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT 2011
Comparative Schedule of Changes in
Account Balance
PENSION TRUST FUND
FOR THE FISCAL YEAR ENDED AUGUST 31, 2011 (With Comparative Data for August 31, 2010)
S C H E D U L E 1
STATE CONTRIBUTION ACCOUNT 2011 2010
Additions:
Contributions:
State Contributions - General Fund $ 1,595,771,774 $ 1,574,621,766
Contributions - Federal/Private
Funding Sources 324,764,720 306,782,830
Reporting Entities 411,889,817 406,218,171
Employment After Retirement Surcharge
Paid by Reporting Entities - Employer 4,095,094 3,060,987
Purchase of Service Credit - Non-Refundable 60,018,492 47,077,732
Transfers In:
Transfers from Interest Account:
For Investment Income (4,100,053,356) (3,900,921,846)
For Net Appreciation in Fair Value
of Investments 12,616,681,465 7,542,738,000
Transfers from Retired Reserve Account:
For Retirement Benefits Forfeited While
Member Returned to Teaching 36,576,537 52,061,421
For Retirement Benefits Waived by Member 46,176 43,650
Based on Actuarial Valuation as of
August 31 572,244,213
TOTAL ADDITIONS $ 10,949,790,719 $ 6,603,926,924
Deductions:
Transfers Out:
Transfers to Retired Reserve Account:
To Fund Benefits $ 4,745,429,605 $ 4,015,209,483
Based on Actuarial Valuation as of
August 31 497,268,028
TOTAL DEDUCTIONS $ 5,242,697,633 $ 4,015,209,483
Net Change in Account Balance $ 5,707,093,086 $ 2,588,717,441
Account Balance - Beginning September 1 $ 9,965,035,637 $ 7,376,318,196
Account Balance - Ending August 31 $ 15,672,128,723 $ 9,965,035,637
70 FINANCIAL SECTION