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Home » Budget » Agency Activities » Efficient, Effective and Accountable Government

Efficient, Effective and Accountable Government

Last Updated: 10/13/2021

Safeguard and manage public funds

Strategy: Safeguard and manage public funds

Agency: 126 - State Investment Board

A001 - Investment Activities

The Washington State Investment Board (WSIB) manages investments for retirement, industrial insurance, permanent and other trust funds, including the defined benefit and defined contribution pension plans for teachers, school employees, law enforcement officers, firefighters, and public employees. The WSIB also manages investments for the Deferred Compensation Plan, Guaranteed Education Tuition program, and the Developmental Disabilities Endowment Trust. The duty of the Board is to diversify investments and maximize returns, at a prudent level of risk, for the exclusive benefit of fund beneficiaries.

Account FY 2022 FY 2023 Biennium Total
FTE 114.1 114.6 114.4
031 - State Investment Board Expense Acct
State 32,451,000 32,683,000 65,134,000
FY 2022 FY 2023 Biennium Total
FTES 114.1 114.6 114.4
GFS
Other 32,451,000.0 32,683,000.0 65,134,000.0
Totals 32,451,000.0 32,683,000.0 65,134,000.0

000279 - Retirement Funds

Retirement Funds: The variance from the median rate of return in comparison to a nationally recognized public pension fund benchmark (TUCS Public Fund > $1 Billion Median)
Biennium Period Actual Target
2017-19 Q1 0% 0%
2017-19 Q2 0% 0%
2017-19 Q3 1% 0%
2017-19 Q4 0% 0%
2017-19 Q5 0% 0%
2017-19 Q6 3% 0%
2017-19 Q7 -2% 0%
2017-19 Q8 1% 0%
2019-21 Q1 1% 0%
2019-21 Q2 -1% 0%
2019-21 Q3 4% 0%
2019-21 Q4 -5% 0%
2019-21 Q5 1% 0%
2019-21 Q6 -1% 0%
2019-21 Q7 2% 0%
2019-21 Q8 0% 0%

000329 - Permanent Funds

Permanent Funds: The variance from the average rate of return in comparison to a nationally recognized bond fund benchmark (Barclay Capital Aggregate)
Biennium Period Actual Target
2017-19 Q1 0% 0%
2017-19 Q2 0% 0%
2017-19 Q3 -2% 0%
2017-19 Q4 1% 0%
2017-19 Q5 1% 0%
2017-19 Q6 -1% 0%
2017-19 Q7 2% 0%
2017-19 Q8 0% 0%
2019-21 Q1 0% 0%
2019-21 Q2 0% 0%
2019-21 Q3 0% 0%
2019-21 Q4 0% 0%
2019-21 Q5 0% 0%
2019-21 Q6 0% 0%
2019-21 Q7 0% 0%
2019-21 Q8 0% 0%

000385 - Retirement Funds Value Added Benchmark

Retirement Funds - Measure the variance from the median rate of return in comparison to a implementation value added benchmark.
Biennium Period Actual Target
2017-19 Q1 0% 0%
2017-19 Q2 0% 0%
2017-19 Q3 -1% 0%
2017-19 Q4 1% 0%
2017-19 Q5 0% 0%
2017-19 Q6 0% 0%
2017-19 Q7 3% 0%
2017-19 Q8 -1% 0%
2019-21 Q1 0% 0%
2019-21 Q2 1% 0%
2019-21 Q3 -1% 0%
2019-21 Q4 2% 0%
2019-21 Q5 -2% 0%
2019-21 Q6 1% 0%
2019-21 Q7 0% 0%
2019-21 Q8 2% 0%