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Home » Budget » State budgets » 2021-23 Gov. Inslee's proposed budgets » Agency recommendation summaries » Contributions to Retirement Systems

Contributions to Retirement Systems

  Annual FTEs General Fund State Other Funds Total Funds
  (Dollars in Thousands)
Estimated Expenditures 0.0 151,145 29,387 180,532
2021-23 Maintenance Level 0.0 183,200 14,667 197,867
Difference from 2019-21 0.0 32,055 (14,720) 17,335
% Change from 2019-21 0.0% 21.2% (50.1%) 9.6%

2021-23 Policy Other Changes

Adjust to Account Balance 0.0 0 (3,890) (3,890)
2021-23 Policy Other Changes Total 0.0 0 (3,890) (3,890)

2021-23 Policy Comp Changes

Move Pension Fund Shift to Agencies 0.0 (7,100) 7,100 0
2021-23 Policy Comp Changes Total 0.0 (7,100) 7,100 0
Total Policy Changes 0.0 (7,100) 3,210 (3,890)
2021-23 Policy Level 0.0 176,100 17,877 193,977
Difference from 2019-21 0.0 24,955 (11,510) 13,445
% Change from 2019-21 0.0% 16.5% (39.2%) 7.4%

Policy Changes

Adjust to Account Balance

This revises the amount appropriated from the Board's administrative account to the pension and benefits account to reflect the available balance in the administrative account. (Vol Firefight/Res Off Administrativ - State)

Move Pension Fund Shift to Agencies

The remaining interest earnings of the Pension Funding Stabilization Account are used to support the Judicial Retirement System. (General Fund - State, Pension Funding Stabilization Acct - State)