1 / 16

Summary Report as of June 30, 2009

Review the financial summary for Public Safety Pension Systems as of June 30, 2009. Explore fund revenues, expenses, asset allocation, rates of return, and funding levels. Understand implications for employer rates and future benefits.

parton
Download Presentation

Summary Report as of June 30, 2009

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Public Safety Personnel Retirement SystemCorrections Officer Retirement PlanElected Officials’ Retirement Plan Summary Report as of June 30, 2009

  2. Total RevenueJune 30, 2009 Total Net Loss ($595,929,593) Total fund

  3. Total ExpensesJune 30, 2009 Total Expenses $578,609,862 Total fund

  4. Asset AllocationJune 30, 2009 at Market Total fund

  5. Total Fund – Returns by Asset Class(Fiscal Year 2008-09) Total fund

  6. Total Fund Rates of Return (Estimated) Total fund

  7. Index/Actual Total ReturnsFY 2008-09 Total fund

  8. Total Fund vs. BenchmarkFYE June 30 *Total Fund returns are gross of fees ** Benchmark 7/1/2008-3/31/2009: 46% Wilshire 5000, 21% MSCI World Ex-US, 20% Lehman Gov/Credit, 6% NCREIF NPI, 6% Wilshire 5000 + 300 bps, 1% 91-Day Treasury Bill; Benchmark 3/31/09-6/30/2009 30% Russell 3000, 20% MSCI World Ex-US, 20% BC Capita Aggregate, 8% NCREIF MPI, 8% Russell 3000+100 bps, 8% ML US High Yield BB-B Rated Constrained, 5% CPI+200 bps and 1% 91-day T-Bill.

  9. Funding Levels Total fund

  10. PSPRS – Aggregate Employer Rates *The aggregate computed contribution rates before application of the statutory minimum Total fund

  11. CORP – Aggregate Employer Rates Total fund

  12. EORP – Employer Rates Total fund

  13. Total Fund Changing Financial Status (in 000s) *Market value does not include future benefit increase reserve Total fund

  14. Implications for the Future • Employer Rates • Post Retirement Benefit Increase Reserves (after cost of July 1, 2009 post retirement adjustment) • PSPRS:$285,613,717 (July 1 adjustment = $125.7M) • CORP: $15,124,946 (July 1 adjustment = $18.1M) • EORP: $3,637,670 (July 1 adjustment = $11.3M) • 7-1-10 Future Increase Amount is contingent upon assets flowing into account. Total fund

  15. Arizona PSPRS Trust - Performance as of 12/31/2009 (Gross of Fees) Total fund

  16. Arizona PSPRS Trust - Performance as of 12/31/2009 (Gross of Fees) The Performance Benchmarks below effective beginning 4/1/2009 TARGET EQUITY BENCHMARK - 60% Russell 3000, 40% MSCI World Ex-US. TARGET FUND BENCHMARK - 30% Russell 3000, 20% MSCI World Ex-US, 20% BC Aggregate, 8% NCREIF NPI, 8% Russell 3000 + 100 bps, 8% ML High Yield BB-B Constrained, 5% CPI + 200 bps and 1% 91-Day T-Bill. The Performance Benchmarks below effective through 3/31/2009 TARGET EQUITY BENCHMARK - 67.69% Wilshire 5000, 32.31% MSCI World Ex-US. TARGET FUND BENCHMARK - 46% Wilshire 5000, 21% MSCI World Ex-US, 20% BC Gov/Cred, 6% NCREIF NPI, 6% Wilshire 5000 +300 bps and 1% 91-Day T-Bill. Disclaimer for Preliminary Returns Note that the returns for the Total Fund, Total Equity and Fixed Income are from the daily returns and accounting has not yet been finalized for the prior month. Returns for other major asset classes are not yet available but the Total Fund return does include the contributions for all asset classes. After the prior month closes, final returns will be reported for the Total Fund as well for all of the major asset classes. Also, note that the NCREIF NPI and Real Assets Benchmark (CPI + 200 bps) have not yet been reported. Total fund

More Related