Table 2
Trusteed pension funds: Revenue and expenditures

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Trusteed pension funds: Revenue and expenditures
  Fourth quarter 2010p First quarter 2011p Fourth quarter 2010 to first quarter 2011
  $ millions % change
Total revenue 34,956 29,907 -14.4
Revenue from contributions 12,993 10,364 -20.2
Investment income 9,433 7,081 -24.9
Net profit on sale of securities 11,705 11,974 2.3
Miscellaneous revenue 434 194 -55.3
Revenue, funds under $10 million 392 293 -25.3
Total expenditures 13,885 12,898 -7.1
Pension payments out of funds 10,470 10,253 -2.1
Cost of pensions purchased 37 34 -8.1
Cash withdrawals 1,585 1,180 -25.6
Administration costs 930 787 -15.4
Net loss on sale of securities 165 79 -52.1
Other expenditures 515 407 -21.0
Expenditures, funds under $10 million 183 158 -13.7
Net income 21,070 17,009 -19.3
preliminary