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124 - Department of Retirement Systems

Last Updated: 08/26/2025

Summary Financial Report for 2023-25 Biennium to Date

Dollars in thousands

All Funds Variance to Date
10,786 Underexpenditure
7.9% 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 41,928 40,558 1,370 3.3%
Retirement Operations 25,047 23,404 1,643 6.6%
Information Services 63,833 56,828 7,005 11.0%
Deferred Compensation 5,322 4,574 748 14.1%
Old Age and Survivors Insurance Program 372 352 20 5.3%
Totals 136,502 125,716 10,786 7.9%

FTE

Program Estimate Actual Variance % Variance
Administration 92 76 17 17.9%
Retirement Operations 138 125 13 9.7%
Information Services 102 82 20 19.6%
Deferred Compensation 20 18 1 6.6%
Old Age and Survivors Insurance Program 1 1 0.10 7.7%
Totals 353 302 51 14.5%

Expenditure by Fund Group

Program Estimate Actual Variance % Variance
General Fund State 387 263 124 32.1%
Other Funds Non-Appropriated 19,263 18,198 1,065 5.5%
Other Funds State 116,852 107,256 9,596 8.2%
Totals 136,502 125,717 10,785 7.9%

Revenue by Fund Group

Program Estimate Actual Variance % Variance
Other Funds State 126,600 140,324 13,724 10.8%
Totals 126,600 140,324 13,724 10.8%

Revenue by Fund

Program Estimate Actual Variance % Variance
Department of Retirement Systems Expense Account 120,936 130,389 9,453 7.8%
OASI Revolving Account 363 351 (12) (3.3%)
Deferred Compensation Administrative Account 5,301 9,584 4,283 80.8%
Totals 126,600 140,324 13,724 10.8%

Deficit Fund Balance

Program BTD Balance Proj. Balance
Money-Purchase Retire Savings Admin Acct
OASI Revolving Account (1) (1)