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124 - Department of Retirement Systems

Last Updated: 01/07/2025

Summary Financial Report for 2023-25 Biennium to Date

Dollars in thousands

All Funds Variance to Date
9,246 Underexpenditure
9.4% 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 29,129 28,261 868 3.0%
Retirement Operations 17,720 16,040 1,680 9.5%
Information Services 47,036 41,150 5,886 12.5%
Deferred Compensation 3,840 3,041 799 20.8%
Old Age and Survivors Insurance Program 262 249 14 5.2%
Totals 97,987 88,741 9,247 9.4%

FTE

Program Estimate Actual Variance % Variance
Administration 92 75 17 18.8%
Retirement Operations 138 122 16 11.4%
Information Services 105 81 24 22.6%
Deferred Compensation 20 17 2 12.1%
Old Age and Survivors Insurance Program 1 1 0.10 7.7%
Totals 356 297 59 16.6%

Expenditure by Fund Group

Program Estimate Actual Variance % Variance
General Fund State 387 263 124 32.1%
Other Funds Non-Appropriated 13,522 12,586 936 6.9%
Other Funds State 84,077 75,892 8,185 9.7%
Totals 97,986 88,741 9,245 9.4%

Revenue by Fund Group

Program Estimate Actual Variance % Variance
Other Funds State 87,955 93,289 5,334 6.1%
Totals 87,955 93,289 5,334 6.1%

Deficit Fund Balance

Program BTD Balance Proj. Balance
Department of Retirement Systems Expense Account (813) (8,651)
Money-Purchase Retire Savings Admin Acct
OASI Revolving Account (66) 80

Revenue by Fund

Program Estimate Actual Variance % Variance
Department of Retirement Systems Expense Account 84,515 87,747 3,232 3.8%
OASI Revolving Account 179 183 4 2.0%
Deferred Compensation Administrative Account 3,261 5,360 2,099 64.4%
Totals 87,955 93,290 5,335 6.1%