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124 - Department of Retirement Systems

Last Updated: 07/07/2025

Summary Financial Report for 2023-25 Biennium to Date

Dollars in thousands

All Funds Variance to Date
10,940 Underexpenditure
8.5% Underexpenditure

Planned vs. Actual Cumulative Expenditures - All Funds

Monthly Planned vs. Actual Expenditures - All Funds

Monthly Planned vs. Actual Expenditures - GFS

Expenditure by Program

Program Estimate Actual Variance % Variance
Administration 40,030 38,863 1,167 2.9%
Retirement Operations 24,000 22,293 1,707 7.1%
Information Services 59,835 52,633 7,202 12.0%
Deferred Compensation 5,105 4,262 844 16.5%
Old Age and Survivors Insurance Program 357 338 20 5.5%
Totals 129,327 118,389 10,940 8.5%

FTE

Program Estimate Actual Variance % Variance
Administration 92 76 16 17.8%
Retirement Operations 138 124 14 9.9%
Information Services 103 82 21 20.0%
Deferred Compensation 20 18 2 8.6%
Old Age and Survivors Insurance Program 1 1 0.10 7.7%
Totals 354 301 52 14.8%

Expenditure by Fund Group

Program Estimate Actual Variance % Variance
General Fund State 387 263 124 32.1%
Other Funds Non-Appropriated 18,428 17,280 1,148 6.2%
Other Funds State 110,513 100,846 9,667 8.7%
Totals 129,328 118,389 10,939 8.5%

Revenue by Fund Group

Program Estimate Actual Variance % Variance
Other Funds State 120,665 129,842 9,177 7.6%
Totals 120,665 129,842 9,177 7.6%

Revenue by Fund

Program Estimate Actual Variance % Variance
Department of Retirement Systems Expense Account 115,688 122,088 6,400 5.5%
OASI Revolving Account 363 351 (12) (3.3%)
Deferred Compensation Administrative Account 4,614 7,403 2,789 60.4%
Totals 120,665 129,842 9,177 7.6%

Deficit Fund Balance

Program BTD Balance Proj. Balance
Money-Purchase Retire Savings Admin Acct
OASI Revolving Account 14 (16)