Office of State Actuary
RCW 44.44
The Office of the State Actuary provides actuarial services for the state retirement systems, Guaranteed Education Tuition (GET) program, state higher education retirement plans (HERPs), and state health care plans; advises the Legislature and Governor regarding benefit and funding policies for the state retirement systems; consults with the Legislature and Governor concerning determination of actuarial assumptions; prepares actuarial fiscal notes on each pension bill heard in a fiscal committee of the Legislature; and provides such actuarial services to the Legislature as may be required.
Agency Mission
Our work supports the financial security of Washingtonians today and for generations to come. We help our clients make informed decisions and navigate the uncertainties of the future through expert, accurate and objective analysis. We strive to communicate our work in an easy to understand and accessible manner.
| Request | 6,348,000 |
|---|---|
| Net change from current biennium | 227,000 Increase |
| Percent change from current biennium | 3.7% Increase |
Operating Budget: Summary
Appropriated Funds
| 2017-19 Appropriations | Appropriated Funds | Expenditures | |||
|---|---|---|---|---|---|
| Amount | Estimated Balance | 2015-17 Actual | 2017-19 Estimated | 2019-21 Proposed | |
| 581,000 | General Fund - Basic Account - State | 291,642 | 581,000 | 590,000 | |
| 406,000 | St Health Care Authority Admin Acct - State | 279,258 | 406,000 | 412,000 | |
| 28,000 | Pension Funding Stabilization Acct - State | 28,000 | 28,000 | ||
| 5,106,000 | Dept of Retirement Systems Expense - State | 3,903,130 | 5,106,000 | 5,318,000 | |
| 6,121,000 | Total Appropriated Funds | 4,474,030 | 6,121,000 | 6,348,000 | |
Non-Appropriated Funds
| 2017-19 Non-Appropriated Funds | Expenditures | ||||
|---|---|---|---|---|---|
| Amount | Balance | Non-Apropriated Funds | 2015-17 Actual | 2017-19 Estimated | 2019-21 Proposed |
| Industrial Insurance Premium Refund - Nonappropriated | (2,465) | ||||
| Total Non-Appropriated Funds | (2,465) | ||||
Operating Budget: Program Summary
| Program Title | Actual | Estimated | Proposed | ||
|---|---|---|---|---|---|
| Actual | Estimated | Estimated | Proposed | Proposed | |
| Annual Total | 2,448,905 | 2,366,624 | 1,071,718 | 3,230,000 | 3,118,000 |
Operating Budget: Change from Preceding Biennium
| Actual | Estimated | Proposed | |||
|---|---|---|---|---|---|
| Amount | Percent | Amount | Percent | Amount | Percent |
| 983,720 | 28.2% | (1,033,223) | (23.1%) | 2,909,658 | 84.6% |
Employment Summary
| Actual | Estimated | Proposed | |||
|---|---|---|---|---|---|
| 2016-17 Actual | 2017-18 Estimated | 2018-19 Estimated | 2019-20 Proposed | 2020-21 Proposed | |
| FTE Staff Years | 15.9 | 17.7 | 17.2 | 17.1 | 16.8 |
