Efficient, Effective and Accountable Government
Last Updated: 04/04/2024
Safeguard and manage public funds
Strategy: Safeguard and manage public funds
Agency: 740 - Contributions to Retirement Systems
A001 - Contributions to Retirement Systems
This activity identifies the costs associated with direct contributions made by the state to two retirement systems: Law Enforcement Officers' and Firefighters' and Judicial retirement systems.
Law Enforcement Officers and Firefighters Retirement
| Account | FY 2024 | FY 2025 | Biennium Total |
|---|---|---|---|
| 001 - General Fund | |||
| State | 88,700,000 | 92,600,000 | 181,300,000 |
Judicial Retirement System
| Account | FY 2024 | FY 2025 | Biennium Total |
|---|---|---|---|
| 001 - General Fund | |||
| State | 6,300,000 | 6,000,000 | 12,300,000 |
Judges Retirement System
| Account | FY 2024 | FY 2025 | Biennium Total |
|---|---|---|---|
| 001 - General Fund | |||
| State | 300,000 | 300,000 | 600,000 |
Volunteer Firefighters' Retirement System
| Account | FY 2024 | FY 2025 | Biennium Total |
|---|---|---|---|
| 204 - Vol Firefight/Res Off Administrativ | |||
| State | 10,217,000 | 8,487,000 | 18,704,000 |
| FY 2024 | FY 2025 | Biennium Total | |
|---|---|---|---|
| FTES | |||
| GFS | 95,300,000.0 | 98,900,000.0 | 194,200,000.0 |
| Other | 10,217,000.0 | 8,487,000.0 | 18,704,000.0 |
| Totals | 105,517,000.0 | 107,387,000.0 | 212,904,000.0 |
Expected Results
Maintain appropriate funding levels in specified public pension plans.
