Annual Report Statements of Net Assets Available for Benefits December 31, 2019 and 2018
New York State Nurses Association N Y S N A Pension Plan Annual Report Statements of Net Assets Available for Benefits December 31, 2019 and 2018
2019 2018
Assets Investments, at fair value: Short-term securities and invested cash $993,380 $ 77,329 Common and preferred stock 2,049,123,596 1,698,766,295 U.S. and other government obligations 166,893,274 134,506,121 Corporate obligations 389,191,749 372,841,071 Collective trusts 185,047,468 130,905,007 Real estate funds and partnerships/ joint venture interests 1,181,103,780 1,005,365,419 Hedge funds 340,207,137 318,462,176 4,312,560,384 3,660,923,418 Collateral under securities lending agreement 130,409,722 211,863,911 Cash and cash equivalents 25,486,216 31,352,579 Employer contributions receivable, net 7,768,406 5,456,421 Employer withdrawal liability receivable 2,376,539 3,327,155 Accrued investment income 9,413,240 9,772,481 Investment sales receivable 12,940,411 8,690,583 Furniture, fixtures, office equipment, at cost, less accumulated depreciation of $953,390 and $924,687at Dec. 31, 2019, and 2018, respectively 80,678 95,431 Other assets 192,403 174,902
Total assets 4,501,228,029 3,931,656,881 Liabilities Investments, at fair value: Futures and forward currency contracts 25,014 97,617 Investment purchases payable 6,871,470 10,945,620 Payable under securities lending agreement 130,409,722 211,863,911 Accounts payable and other liabilities 8,717,800 5,345,538 Total liabilities 146,024,006 228,252,686 Net assets available for benefits $4,355,204,023 $3 ,703,404,195
1 Statements of Changes in Net Assets Available for Benefits December 31, 2019 and 2018
2019 2018
Additions Investment income (loss): Net appreciation (depreciation) in fair value of investments $ 609,172,697 (155,139,645) Interest 17,099,599 16,406,960 Dividends 71,296,192 63,408,415 Real estate funds 9,938,769 11,550,284 707,507,257 (63,773,986) Investment expenses (20,588,916) (18,710,894) Net investment income (loss) 686,918,341 (82,484,880) Employer contributions 178,141,635 165,675,858 Total additions 865,059,976 83,190,978 Deductions Benefit payments 202,027,515 181,868,465 Professional fees: Actuarial and consulting 370,135 359,513 Legal 4,975,479 1,078,575 Audit and tax 247,800 458,119 5,593,414 1,896,207 Administrative expenses: Salaries and related taxes 2,677,441 2,491,736 Employee benefits 834,098 810,360 Insurance premiums – Pension Benefit Guaranty Corporation 1,077,205 995,344 Fiduciary insurance premiums 130,123 130,488 Rent 192,055 200,307 Trustee and office staff travel 141,870 130,624 Data processing 57,833 43,927 Office supplies, postage, and other 528,594 582,603 5,639,219 5,385,389 Total deductions 213,260,148 189,150,061
Net increase (decrease) 651,799,828 (105,959,083) Net assets available for benefits beginning of year 3,703,404,195 3,809,363,278 Net assets available for benefits end of year $4,355,204,023 $ 3,703,404,195
2 Participating Employers in 2019
Albert Einstein College of Medicine of Yeshiva New York Dialysis Services, Inc. (Sound University Shore Dialysis Center) Brooklyn Hospital Center New York Dialysis Services, Inc./ABC Centerlight Health System New York Eye and Ear Infirmary of Mount Sinai Flushing Hospital Medical Center New York-Presbyterian Brooklyn Methodist Hospital Gracie Square Hospital New York Presbyterian Hospital Interfaith Medical Center New York State Nurses Association Jack D. Weiler Hospital of the New York State Nurses Association Albert Einstein College of Medicine Pension Plan and Benefits Fund Kingsbrook Jewish Medical Center Parker Jewish Institute for Health Care Maimonides Medical Center and Rehabilitation Montefiore Medical Center Peconic Bay Medical Center Montefiore Mount Vernon Schaffer Extended Health Care Center Montefiore New Rochelle Staten Island University Hospital – North Mount Sinai Hospital St. Joseph Hospital Mount Sinai Morningside Syosset Hospital Mount Sinai West Terence Cardinal Cooke Health Care Center Nephro-Care, Inc. Union Community Health Center New Jewish Home Wyckoff Heights Medical Center New York Dialysis Management, Inc.
3 Trustees Serving in 2019
NYSNA Trustees Employer Trustees John Barrett David Brodsky NYSNA Montefiore Medical Center Anthony Ciampa, RN Jeffrey Cohen New York Presbyterian Hospital The Mount Sinai Hospital Jill Furillo Howard Green NYSNA Howard Green Consulting Patricia Holloman (Alternate Trustee) Marc Kramer NYSNA League of Voluntary Hospitals and Nancy Kaleda Homes of NY NYSNA Barbara Logan Karine Raymond Linn & Logan Consulting Montefiore Medical Center Bruce McIver Felice Rosen League of Voluntary Hospitals and The Mount Sinai Hospital Homes of NY Ann Tahaney, RN Guy Mennonna Syosset Hospital Brooklyn Hospital Paul Stuart Maimonides Medical Center Stacie Williams New York Presbyterian Hospital
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