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Home » Budget » State budgets » 2021-23 Gov. Inslee's proposed budgets » Agency detail budgets » Department of Retirement Systems

Department of Retirement Systems

RCW 41.50

The Department of Retirement Systems administers retirement benefits for public employees throughout Washington. This includes teachers, classified public school employees, law enforcement officers, firefighters, judges, and others who work for the state and participating cities, counties, and political subdivisions. The department also manages the Deferred Compensation program, which allows public employees to defer a portion of their earnings until retirement or termination of employment.

Agency Mission

We provide information, tools, expertise, and services that ensure our members receive the retirement benefits they earn while in public service.
Request 78,933,000
Net change from current biennium 4,835,000 Increase
Percent change from current biennium 6.5% Increase

Operating Budget: Summary

Appropriated Funds

2019-21 Appropriations Appropriated Funds Expenditures
Amount Estimated Balance   2017-19 Actual 2019-21 Estimated 2021-23 Proposed
61,964,000 Dept of Retirement Systems Expense - State 57,020,106 61,964,000 67,277,000
61,964,000 Total Appropriated Funds 57,020,106 61,964,000 67,277,000

Non-Appropriated Funds

2019-21 Non-Appropriated Funds Expenditures
Amount Balance Non-Apropriated Funds 2017-19 Actual 2019-21 Estimated 2021-23 Proposed
8,104,993 8,104,993 Info Tech Invest Rev Acct - Nonappropriated
(6,912,000) Dept of Retirement Systems Expense - Nonappropriated 7,518,726 6,912,000 6,912,000
WA State Patrol - Plan 1 - Nonappropriated 124,044,132
Judges' Retirement Account - Nonappropriated 732,370
WSP Retirement System Plan 2 Acct - Nonappropriated 223,731
Public Employees' Retire Plan I - Nonappropriated 2,396,511,241
Teachers' Retirement Plan I Account - Nonappropriated 1,811,010,756
School Employee Combined Plan 2 & 3 - Nonappropriated 555,940,752
Public Safety Employees' Plan 2 - Nonappropriated 11,628,213
Public Employees' Comb Plan 2 & 3 - Nonappropriated 2,575,563,751
Teachers' Combined Plan II & III - Nonappropriated 1,461,625,654
Deferred Compensation Principal - Nonappropriated 500,233,411
Judicial Retirement Principal Acct - Nonappropriated 2,423,143
L.E.O.F.F. Retirement Plan I Acct - Nonappropriated 733,250,851
L.E.O.F.F. Retirement Plan II Acct - Nonappropriated 583,568,106
(334,000) OASI Revolving Account - Nonappropriated 297,544 334,000 323,000
Washington Judicial Retirement Acct - Nonappropriated 16,282,138
(4,888,000) Deferred Compensation Admin Account - Nonappropriated 4,122,931 4,888,000 4,421,000
8,104,993 (4,029,007) Total Non-Appropriated Funds 10,784,977,452 12,134,000 11,656,000

Operating Budget: Program Summary

Program Title Actual Estimated Proposed
Actual Estimated Estimated Proposed Proposed
Annual Total 35,999,804 42,959,796 17,811,733 39,023,000 39,910,000

Operating Budget: Change from Preceding Biennium

Actual Estimated Proposed
Amount Percent Amount Percent Amount Percent
2,993,260 4.5% (8,187,778) (11.9%) 18,161,471 29.9%

Employment Summary

  Actual Estimated Proposed
  2018-19 Actual 2019-20 Estimated 2020-21 Estimated 2021-22 Proposed 2022-23 Proposed
FTE Staff Years 243.6 250.7 236.1 276.0 275.5