LEOFF 2 Retirement Board - Current Law
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 |
