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Home » Budget » State budgets » 2019-21 Governor's proposed budgets » Agency detail budgets » State Investment Board

State Investment Board

RCW 43.33A, 43.84

The State Investment Board manages investments for retirement, industrial insurance, and permanent and other trust funds, including the defined benefit and defined contribution pension plans for teachers, school employees, law enforcement officers, firefighters, and public employees. The State Investment Board also manages investments for the Higher Education Retirement Plan Supplemental Benefit Fund, Deferred Compensation Plan, Guaranteed Education Tuition program, Washington State Opportunity Scholarship Endowment Fund, and the Developmental Disabilities Endowment Trust Account. The duty of the board is to diversify investments and maximize returns, at a prudent level of risk, for the exclusive benefit of fund beneficiaries.

Agency Mission

The State Investment Board invests with integrity, prudence, and skill to meet or exceed the financial objectives of those we serve.
Request 63,852,000
Net change from current biennium 14,945,000 Increase
Percent change from current biennium 30.6% Increase

Operating Budget: Summary

Appropriated Funds

2017-19 Appropriations Appropriated Funds Expenditures
Amount Estimated Balance   2015-17 Actual 2017-19 Estimated 2019-21 Proposed
48,907,000 State Investment Board Expense Acct - State 38,860,103 48,907,000 63,852,000
48,907,000 Total Appropriated Funds 38,860,103 48,907,000 63,852,000

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 3,910
Total Non-Appropriated Funds 3,910

Operating Budget: Program Summary

Program Title Actual Estimated Proposed
Actual Estimated Estimated Proposed Proposed
Annual Total 20,185,487 22,563,100 9,926,707 31,156,000 32,696,000

Operating Budget: Change from Preceding Biennium

Actual Estimated Proposed
Amount Percent Amount Percent Amount Percent
5,962,019 18.1% (6,374,206) (16.4%) 31,362,194 96.5%

Employment Summary

  Actual Estimated Proposed
  2016-17 Actual 2017-18 Estimated 2018-19 Estimated 2019-20 Proposed 2020-21 Proposed
FTE Staff Years 91.1 95.2 98.9 108.6 113.6