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Fiscal Year 2012 Financial Report With updates through May 31, 2013

Public Safety Personnel Retirement System Corrections Officer Retirement Plan Elected Officials’ Retirement Plan. Fiscal Year 2012 Financial Report With updates through May 31, 2013. Active Members 34,378 Terminated Vested Members 2,497 Drop 1,496 Retired 14,270

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Fiscal Year 2012 Financial Report With updates through May 31, 2013

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  1. Public Safety Personnel Retirement SystemCorrections Officer Retirement PlanElected Officials’ Retirement Plan Fiscal Year 2012 Financial Report With updates through May 31, 2013 Version Date : 7/31/2013

  2. Active Members34,378 Terminated Vested Members 2,497 Drop 1,496 Retired 14,270 Normal 10,883 Beneficiaries 1,918 Disability 1,469 Total Participants 52,641 Total Plan StatisticsDefined Benefit Plan Version Date : 7/31/2013

  3. Active Members 18,542 Terminated Vested Members 1,264 Drop 1,496 Retired 9,802 Normal 7,219 Beneficiaries 1,239 Disability 1,344 Total Participants 31,104 Total PSPRS StatisticsDefined Benefit Plan Version Date : 7/31/2013

  4. Active Members14,991 Terminated Vested Members 1,101 Retired 3,476 Normal 2,879 Beneficiaries 486 Disability 111 Total Participants 19,568 Total CORP StatisticsDefined Benefit Plan Version Date : 7/31/2013

  5. Active Members 845 Terminated Vested Members 132 Retired 992 Normal 785 Beneficiaries 193 Disability 14 Total Participants 1,969 Total EORP StatisticsDefined Benefit Plan Version Date : 7/31/2013

  6. Total Plan StatisticsDefined Benefit Plan Version Date : 7/31/2013

  7. Total RevenueJune 30, 2012 Total Revenue $524,795,980 Version Date : 7/31/2013

  8. Total RevenueJune 30, 2012 Version Date : 7/31/2013

  9. Total ExpensesJune 30, 2012 Pension Benefits Total Expenses $701,631,484 Version Date : 7/31/2013

  10. Total ExpensesJune 30, 2012 Version Date : 7/31/2013

  11. Asset AllocationJune 30, 2006 at Market Version Date : 7/31/2013

  12. AssetAllocationJune 30, 2012 at Market Total Fund $6,626,357,128 Version Date : 7/31/2013

  13. Asset Allocation Version Date : 7/31/2013

  14. Investment Portfolio ReturnsJune 30, 2012 *Returns shown are net of fees; Returns for ASRS are net of fees and returns for COPERS are net of fees. ** Benchmark 7/1/11-6/30/2012 20% Russell 3000, 15% MSCI World Ex-US, 20% BC Capital Aggregate, 8% 3-Month LIBOR +300 bps, 8% NCREIF MPI, 8% Russell 3000+100 bps, 9% ML US High Yield BB-B Rated Constrained, 6% CPI+200 bps, 4% 91-day T-Bill +200 bps and 2% 91-day T-Bill. Version Date : 7/31/2013

  15. Total Fund vs. Benchmark (as of June 30, 2012) *Total Fund returns are gross of fees ** Benchmark 7/1/11-6/30/2012: 20% Russell 3000, 15% MSCI World Ex-US, 20% BC Aggregate, 8% NCREIF MPI, 8% Russell 3000+100 bps, 8% 3-Month LIBOR +300 bps, 9% BofA ML US High Yield BB-B Rated Constrained, 6% CPI+200 bps, 4% BofA ML 3-Month T-Bill +200 bps and 2% BofA ML 3-Month T-Bill. Version Date : 7/31/2013

  16. Funding Levels Version Date : 7/31/2013

  17. PSPRS – Aggregate Employer Rates *The aggregate computed contribution rates before application of the statutory minimum Version Date : 7/31/2013

  18. CORP – Aggregate Employer Rates Version Date : 7/31/2013

  19. EORP – Employer Rates Version Date : 7/31/2013

  20. Total Fund Changing Financial Status (in 000s) *Market value does not include future benefit increase reserve Version Date : 7/31/2013

  21. PSPRS Changing Financial Status (in 000s) *Market value does not include future benefit increase reserve Version Date : 7/31/2013

  22. CORP Changing Financial Status (in 000s) *Market value does not include future benefit increase reserve Version Date : 7/31/2013

  23. EORP Changing Financial Status (in 000s) *Market value does not include future benefit increase reserve Version Date : 7/31/2013

  24. Post Retirement Benefit Increases • New mechanism in place as of 2011 • Benefit increases paid out based on funding level of plans and investment returns for the prior fiscal year Version Date : 7/31/2013

  25. Total Fund Rates of Return FY’13 (Gross of fees) Version Date : 7/31/2013

  26. Fiscal Year 2013 Updates • In the coming months, complete fiscal year 2012-2013 data will be available, including: • Year-end investment return • Funding levels of the Plans • Actuarial reports • Employer contribution rates for 2014-2015 • Check the PSPRS website! www.psprs.com Version Date : 7/31/2013

  27. Contact Info • Don Mineer, Local Board Training Specialist • don@psprs.com Public Safety Personnel Retirement System 3010 E. Camelback Road, Suite 200 Phoenix, Arizona 85016 (602) 255-5575 www.psprs.com Version Date : 7/31/2013

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