State Investment Board - Current Law

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 84,119,000
Net change from current biennium 14,335,000 Increase
Percent change from current biennium 20.5% Increase

Operating Budget: Summary

Appropriated Funds

2021-23 Appropriations Appropriated Funds Expenditures
Amount Estimated Balance   2019-21 Actual 2021-23 Estimated 2023-25 Proposed
Industrial Insurance Premium Refund - Nonappropriated 3,158
Info Tech Invest Rev Acct - Nonappropriated 3,828,435
Opportunity Scholarship Cust Acct - Nonappropriated 9,829,980
69,784,000 State Investment Board Expense Acct - State 51,434,129 69,784,000 84,119,000
69,784,000 Total Appropriated Funds 65,095,702 69,784,000 84,119,000

Non-Appropriated Funds

Operating Budget: Program Summary

Program Title Actual Estimated Proposed
Actual Estimated Estimated Proposed Proposed
Annual Total 27,837,035 27,585,802 10,654,354 41,358,000 42,761,000

Operating Budget: Change from Preceding Biennium

Actual Estimated Proposed
Amount Percent Amount Percent Amount Percent
8,419,517 18.0% (17,025,566) (30.8%) 45,878,844 120.0%

Employment Summary

  Actual Estimated Proposed
  2020-21 Actual 2021-22 Estimated 2022-23 Estimated 2023-24 Proposed 2024-25 Proposed
FTE Staff Years 107.8 103.0 110.9 125.1 125.6