Colorado PERA Staff Table of Contents
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Securing the Path to Stability Comprehensive Annual Financial Report For the Fiscal Year Ended December 31, 2009 Securing the Path to Stability Comprehensive Annual Financial Report For the Fiscal Year Ended December 31, 2009 Colorado Public Employees’ Retirement Association Prepared by Colorado PERA Staff Table of Contents INTRODUCTORY SECTION Letter of Transmittal . .3–9 Certificate of Achievement . .10 Public Pension Coordinating Council Recognition Award . .11 Board Chair’s Report . .12–13 Report of the Colorado PERA Audit Committee . .14–15 Board of Trustees . .16–17 Administrative Organizational Chart . .18 Colorado PERA Executive Management . .19 Consultants . .20 FINANCIAL SECTION Report of the Independent Auditors . .22–23 Management’s Discussion and Analysis . .24–49 Basic Financial Statements Fund Financial Statements Statement of Fiduciary Net Assets . .50–51 Statement of Changes in Fiduciary Net Assets . .52–53 Notes to the Financial Statements . .54–82 Required Supplementary Information Schedule of Funding Progress . .83–84 Schedule of Employer Contributions . .84–85 Schedule of Contributions from Employers and Other Contributing Entities . .85 Notes to the Required Supplementary Information . .86–89 Supplementary Schedules Schedule of Administrative Expenses . .90 Schedule of Investment Expenses . .91 Schedule of Payments to Consultants . .91 Schedule of Other Additions . .92 Schedule of Other Deductions/(Transfers) . .92 INVESTMENT SECTION Colorado PERA Report on Investment Activity . .95–96 Investment Brokers/Advisers . .97 Investment Summary . .98 Asset Allocation at Market Value . .98 Fund Performance Evaluation . .99–101 Schedule of Investment Results . .102 Profile of Investments in Colorado . .103 Largest Stock Holdings by Market Value . .103 Largest Bond Holdings by Market Value . .103 Voluntary Investment Program Report on Investment Activity . .104–105 Voluntary Investment Program and Defined Contribution Retirement Plan Schedule of Investment Results . .106 Voluntary Investment Program Summary . .107 Colorado Defined Contribution Retirement Plan Investment Summary . .108 Asset Allocation by Defined Contribution Plans . .109 Colorado Deferred Compensation Plan Report on Investment Activity . .110–111 Colorado Deferred Compensation Plan Schedule of Investment Results . .112 Colorado Deferred Compensation Plan Investment Summary . .113 Table of Contents (continued) ACTUARIAL SECTION Report of the Independent Actuary . .116–119 The Plan Summary for Calendar Year 2009 . .120–124 Summary of Actuarial Methods and Assumptions . .125–130 Schedule of Retirees and Beneficiaries Added to and Removed from Benefit Payroll . .131 Member-Retiree Comparison . ..