Office of the State Actuary
| Average Annual FTEs | Near General Fund State | Other Funds | Total Funds | |
|---|---|---|---|---|
| (Dollars in Thousands) | ||||
| Current Budget | 19.0 | 758 | 6,695 | 7,453 |
| 2023-25 Maintenance Level | 19.0 | 807 | 7,325 | 8,132 |
| Difference from 2023-25 Original | 0.0 | 49 | 630 | 679 |
| % Change from 2023-25 Original | 0.0% | 6.5% | 9.4% | 9.1% |
2023 Policy Comp Changes |
||||
| State Employee Benefits | 0.0 | 0 | 6 | 6 |
| Non-Rep Recruitment/Retention | 0.0 | 1 | 17 | 18 |
| Non-Rep General Wage Increase | 0.0 | 28 | 334 | 362 |
| PERS & TRS Plan 1 Benefit Increase | 0.0 | 0 | 5 | 5 |
| Vaccine Booster Incentive | 0.0 | 1 | 15 | 16 |
| 2023 Policy Comp Changes Total | 0.0 | 30 | 377 | 407 |
| Total Policy Changes | 0.0 | 30 | 377 | 407 |
| 2023-25 Policy Level | 19.0 | 837 | 7,702 | 8,539 |
| Difference from 2021-23 | 0.0 | 79 | 1,007 | 1,086 |
| % Change from 2023-25 Original | 0.0% | 10.4% | 15.0% | 14.6% |
Policy Changes
State Employee Benefits
Health insurance funding is provided for state employees who are not represented by a union, who are covered by a bargaining agreement that is not subject to financial feasibility determination, or who are not part of the coalition of unions for health benefits. The insurance funding rate is $1,160 per employee per month for fiscal year 2024 and $1,233 per employee per month for fiscal year 2025. (Dept of Retirement Systems Expense - State)
Non-Rep Recruitment/Retention
Funding is provided for recognition and retention lump sum payments for employees employed on or before July 1, 2022 and continuously employed through July 1, 2023. (General Fund - State, Dept of Retirement Systems Expense - State)
Non-Rep General Wage Increase
Funding is provided for wage increases for state employees who are not represented by a union or who are covered by a bargaining agreement that is not subject to financial feasibility determination. It is sufficient for a general wage increase of 4 percent, effective July 1, 2023 and a general wage increase of 3 percent, effective July 1, 2024. This item includes both general government and higher education workers. (Dept of Retirement Systems Expense - State, St Health Care Authority Admin Acct - State, General Fund - State, other funds)
PERS & TRS Plan 1 Benefit Increase
For eligible Public Employees' and Teachers' Retirement Systems Plan 1 members, this item provides an increase of 3%, up to a maximum of $110 per month. (Dept of Retirement Systems Expense - State)
Vaccine Booster Incentive
Funding is provided for a $1,000 lump sum COVID-19 booster incentive for non-represented employees. This funding does not cover institutions of higher education. (Dept of Retirement Systems Expense - State, General Fund - State)
