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LEOFF 2 Retirement Board

RCW 41.26.700-732

The Law Enforcement Officers' and Fire Fighters' (LEOFF) Plan 2 Retirement Board was created by Initiative 790 passed in November 2002. The board is responsible for developing policy proposals for consideration by the Legislature and adopting actuarial assumptions and contribution rates for LEOFF Plan 2.

Agency Mission

The mission of the Law Enforcement Officers' and Fire Fighters' Plan 2 Retirement Board is to responsibly govern the pension plan for the benefit of the members.
Request 3,882,000
Net change from current biennium 264,000 Increase
Percent change from current biennium 7.3% Increase

Operating Budget: Summary

Appropriated Funds

2021-23 Appropriations Appropriated Funds Expenditures
Amount Estimated Balance   2019-21 Actual 2021-23 Estimated 2023-25 Proposed
(3,618,000) LEOFF Plan 2 Expense Account - Nonappropriated 3,008,078 3,618,000 3,882,000
General Fund - State 50,000
320,000 320,000 LEOFF Plan 2 Expense Account - State
320,000 (3,298,000) Total Appropriated Funds 3,058,078 3,618,000 3,882,000

Non-Appropriated Funds

Operating Budget: Program Summary

Program Title Actual Estimated Proposed
Actual Estimated Estimated Proposed Proposed
Annual Total 1,652,282 1,612,072 599,481 1,918,000 1,964,000

Operating Budget: Change from Preceding Biennium

Actual Estimated Proposed
Amount Percent Amount Percent Amount Percent
581,632 23.5% (846,524) (27.7%) 1,670,447 75.5%

Employment Summary

  Actual Estimated Proposed
  2020-21 Actual 2021-22 Estimated 2022-23 Estimated 2023-24 Proposed 2024-25 Proposed
FTE Staff Years 7.0 7.6 7.7 8.0 8.0