2011 Annual TCRS Report - Tennessee Department of Treasury

More documents

Recommendations

Info

F I N A N C I A L S E C T I O N TENNESSEE CONSOLIDATED RETIREMENT SYSTEM SCHEDULES OF INVESTMENT EXPENSES FOR THE YEAR ENDED JUNE 30, 2010 SETHEEPP PSPP TOTAL PERSONNEL SERVICES Salaries and wages $ 2,018,103 $ 417,002 $ 2,435,105 Employee benefits 551,695 113,997 665,692 TOTAL PERSONNEL SERVICES 2,569,798 530,999 3,100,797 PROFESSIONAL SERVICES Accounting 177,682 36,714 214,396 Legal services 250,227 51,704 301,931 Data processing 157,195 32,481 189,676 Information systems 286,149 59,127 345,276 Management services 59,575 12,310 71,885 External investment manager fees 13,364,174 2,761,444 16,125,618 Investment consulting fees 608,078 125,647 733,725 Investment custodian fees 318,940 65,902 384,842 Real estate manager fees 5,432,746 1,122,571 6,555,317 Administrative, Internal Audit, Personnel 400,955 82,851 483,806 TOTAL PROFESSIONAL SERVICES 21,055,721 4,350,751 25,406,472 COMMUNICATION Travel 33,046 6,828 39,874 Telephone 18,449 3,812 22,261 Printing 2,267 468 2,735 Postage 1,045 216 1,261 TOTAL COMMUNICATION 54,807 11,324 66,131 MISCELLANEOUS Office space 77,132 15,938 93,070 Supplies and maintenance 5,757 1,190 6,947 Other services and charges 114,004 23,557 137,561 TOTAL MISCELLANEOUS 196,893 40,685 237,578 TOTAL INVESTMENT EXPENSES $ 23,877,219 $ 4,933,759 $ 28,810,978 P A G E 4 3
T E N N E S S E E C O N S O L I D A T E D R E T I R E M E N T S Y S T E M TENNESSEE CONSOLIDATED RETIREMENT SYSTEM SCHEDULES OF EXPENSES FOR CONSULTANTS FOR THE YEARS ENDED JUNE 30, 2011 AND JUNE 30, 2010 FOR THE YEAR ENDED JUNE 30, 2011 SETHEEPP PSPP TOTAL ACTUARIAL SERVICES Bryan, Pendleton, Swats and McAllister $ 72,866 $ 75,084 $ 147,950 TOTAL ACTUARIAL SERVICES 72,866 75,084 147,950 MEDICAL REVIEW SERVICES Suzanne Fletcher, M.D. 8,176 8,424 16,600 Barry Siegel, M.D. 6,540 6,740 13,280 Lee Carl Whitaker, M.D. 5,516 5,684 11,200 TOTAL MEDICAL REVIEW SERVICES 20,232 20,848 41,080 TOTAL EXPENSES FOR CONSULTANTS $ 93,098 $ 95,932 $ 189,030 Note: For information regarding fees paid to investment professionals, refer to the Investment Section of this report. FOR THE YEAR ENDED JUNE 30, 2010 SETHEEPP PSPP TOTAL ACTUARIAL SERVICES Bryan, Pendleton, Swats and McAllister $ 202,710 $ 186,916 $ 389,626 Gabriel, Roeder, Smith & Company 31,144 28,718 59,862 TOTAL ACTUARIAL SERVICES 233,854 215,634 449,488 MEDICAL REVIEW SERVICES Suzanne Fletcher, M.D. 5,473 5,047 10,520 Barry Siegel, M.D. 7,305 6,735 14,040 Lee Carl Whitaker, M.D. 6,992 6,448 13,440 TOTAL MEDICAL REVIEW SERVICES 19,770 18,230 38,000 TECHNOLOGY CONSULTING SERVICES L. R. Wechsler, Ltd. 17,969 16,569 34,538 The North Highland Company 23,123 21,322 44,445 TOTAL TECHNOLOGY CONSULTING SERVICES 41,092 37,891 78,983 TOTAL EXPENSES FOR CONSULTANTS $ 294,716 $ 271,755 $ 566,471 Note: For information regarding fees paid to investment professionals, refer to the Investment Section of this report. P A G E 4 4
Page 2 and 3: T ENNESSEE CONSOLIDATED R ETIREMENT
Page 4 and 5: TABLE OF CONTENTS INTRODUCTORY SECT
Page 6 and 7: INTRODUCTORY SECTION Elvis Aaron Pr
Page 8 and 9: T E N N E S S E E C O N S O L I D A
Page 22 and 23: F I N A N C I A L S E C T I O N IND
Page 24 and 25: F I N A N C I A L S E C T I O N TEN
Page 30 and 31: F I N A N C I A L S E C T I O N (CO
Page 32 and 33: F I N A N C I A L S E C T I O N (CO
Page 46 and 47: SCHEDULES OF FUNDING PROGRESS Expre
Page 52 and 53: INVESTMENT SECTION Nashville’s Pa
Page 62 and 63: ACTUARIAL SECTION The Lorraine Mote
Page 80 and 81: S T A T I S T I C A L S E C T I O N
Page 100 and 101:
S T A T I S T I C A L S E C T I O N
Page 102:
S T A T I S T I C A L S E C T I O N
show all

2011 Annual TCRS Report - Tennessee Department of Treasury

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?