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)
RETIRED RESERVE ACCOUNT 2011 2010
Additions:
Contributions Transferred in From Employees
Retirement System of Texas $ 12,628,712 $ 11,167,772
Transfers In:
Allocation from Interest Account 4,692,033,648 4,432,496,003
Transfer from Member Savings Account:
For Dormant Accounts 18,046,747 17,544,399
To Fund Benefits 1,915,168,372 1,439,582,886
Transfer from State Contribution Account:
To Fund Benefits 4,745,429,605 4,015,209,483
Based on Actuarial Valuation as of
August 31 497,268,028
TOTAL ADDITIONS $ 11,880,575,112 $ 9,916,000,543
Deductions:
Benefits Paid:
Service Retirement Annuities $ 6,241,946,655 $ 5,841,963,927
Partial Lump Sums 524,925,790 385,555,126
Disability Retirement Annuities 144,865,109 141,396,837
Death and Survivor Benefits:
Annual Salary 47,295,194 45,698,147
Survivor Annuities 86,898,720 82,574,358
Life Annuities 84,893,007 83,238,898
60 Monthly Payments 11,564,275 10,824,948
Remainder of Contributions 3,293,923 3,537,843
Refund of Contributions - Death 3,984,340 3,710,941
Benefits Transferred to Employees Retirement
System of Texas 64,772,079 61,570,750
Transfers Out:
Transfer to Deferred Retirement Option Account
to Fund Benefits 956,666 5,161,454
Transfers to State Contribution 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 DEDUCTIONS $ 7,252,018,471 $ 7,289,582,513
Net Change in Account Balance $ 4,628,556,641 $ 2,626,418,030
Account Balance - Beginning September 1 $ 57,850,684,182 $ 55,224,266,152
Account Balance - Ending August 31 $ 62,479,240,823 $ 57,850,684,182
S C H E D U L E 1
FINANCIAL SECTION
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