Fund 668 - Higher Ed Rtmt Plan Sppl Ben Fund -SBCTC
Authority:
RCW 41.50.075
Admin Agency:
Department of Retirement Systems - 1240
Cash Type:
1 - Treasury Fund
SAAM Budget Type:
Nonappropriated/Nonallotted (N)
Earnings from Investments are:
Retained by this fund under RCW 43.84.092(4)(a).
Description:
For the purpose of funding future State Board for Community and Technical Colleges benefit obligations of higher education retirement plan supplemental benefits. Funds will not be expended from this account until sufficient funds are accumulated.
Sources of Revenue:
Employer contributions, investment earnings
Clientele:
SBCTC Higher Education Supplemental Plan retirees and beneficiaries
Effective Date:
07/01/2020
Inactive Date:
Public Notes:
ACFR Information
Account Code:
668
Account Title:
Higher Ed Rtmt Plan Sppl Ben Fund -SBCTC
Fund Type:
HC - Pension Trust Funds
Rollup Fund:
HV - Higher Ed Retirement Plan Suppl Benefit
Closing GL Code:
9607 - Restr for Hi Ed Retir Suppl (DRS Only)
