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124 - Department of Retirement Systems

Last Updated: 04/07/2025

Summary Financial Report for 2023-25 Biennium to Date

Dollars in thousands

All Funds Variance to Date
10,234 Underexpenditure
9.0% 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 34,766 33,766 1,000 2.9%
Retirement Operations 20,861 18,963 1,898 9.1%
Information Services 53,104 46,600 6,504 12.2%
Deferred Compensation 4,454 3,636 818 18.4%
Old Age and Survivors Insurance Program 307 293 14 4.7%
Totals 113,492 103,258 10,234 9.0%

FTE

Program Estimate Actual Variance % Variance
Administration 92 75 17 18.2%
Retirement Operations 138 123 15 10.8%
Information Services 104 82 22 21.2%
Deferred Compensation 20 18 2 10.2%
Old Age and Survivors Insurance Program 1 1 0.10 7.7%
Totals 355 299 56 15.7%

Expenditure by Fund Group

Program Estimate Actual Variance % Variance
General Fund State 387 263 124 32.1%
Other Funds Non-Appropriated 15,939 14,894 1,045 6.6%
Other Funds State 97,166 88,101 9,065 9.3%
Totals 113,492 103,258 10,234 9.0%

Revenue by Fund Group

Program Estimate Actual Variance % Variance
Other Funds State 104,147 111,417 7,270 7.0%
Totals 104,147 111,417 7,270 7.0%

Deficit Fund Balance

Program BTD Balance Proj. Balance
Department of Retirement Systems Expense Account 2,160 (3,465)
Money-Purchase Retire Savings Admin Acct
OASI Revolving Account (110) 124

Revenue by Fund

Program Estimate Actual Variance % Variance
Department of Retirement Systems Expense Account 100,034 104,847 4,813 4.8%
OASI Revolving Account 179 183 4 2.0%
Deferred Compensation Administrative Account 3,934 6,387 2,453 62.4%
Totals 104,147 111,417 7,270 7.0%