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State Investment Board

RCW 43.33A, 43.84

The State Investment Board manages investments for retirement, industrial insurance, and permanent and other funds. The retirement funds include the defined benefit and defined contribution pension plans for teachers, school employees, law enforcement officers, firefighters, and public employees. Additionally, the State Investment Board 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 62,685,000
Net change from current biennium 2,584,000 Increase
Percent change from current biennium 4.3% Increase

Operating Budget: Summary

Appropriated Funds

2019-21 Appropriations Appropriated Funds Expenditures
Amount Estimated Balance   2017-19 Actual 2019-21 Estimated 2021-23 Proposed
60,101,000 State Investment Board Expense Acct - State 46,832,126 60,101,000 62,685,000
60,101,000 Total Appropriated Funds 46,832,126 60,101,000 62,685,000

Non-Appropriated Funds

2019-21 Non-Appropriated Funds Expenditures
Amount Balance Non-Apropriated Funds 2017-19 Actual 2019-21 Estimated 2021-23 Proposed
Industrial Insurance Premium Refund - Nonappropriated 14,079
3,570,779 3,570,779 Info Tech Invest Rev Acct - Nonappropriated
3,570,779 3,570,779 Total Non-Appropriated Funds 14,079

Operating Budget: Program Summary

Program Title Actual Estimated Proposed
Actual Estimated Estimated Proposed Proposed
Annual Total 24,283,106 27,428,687 11,335,310 31,292,000 31,393,000

Operating Budget: Change from Preceding Biennium

Actual Estimated Proposed
Amount Percent Amount Percent Amount Percent
7,982,193 20.5% (8,082,207) (17.3%) 23,921,002 61.7%

Employment Summary

  Actual Estimated Proposed
  2018-19 Actual 2019-20 Estimated 2020-21 Estimated 2021-22 Proposed 2022-23 Proposed
FTE Staff Years 99.8 106.8 108.3 114.1 114.6