Page 439 - 2020-21 Budget Summary

DEPARTMENT OF WATER AND POWER
WATER AND POWER EMPLOYEES' RETIREMENT, DISABILITY
AND DEATH BENEFIT INSURANCE PLAN
FY 2020-2021

RETIREMENT FUND

RECEIPTS
Actual Budget Estimated Budget
2018-19 2019-20 2019-20 2020-21

$ 416,180,197 $ 490,125,425 $ 429,500,000 Department Contributions ………$ 443,554,427
98,640,135 103,255,000 109,000,000 Member Contributions ………… 114,450,000
841,082,112 950,000,000 906,850,000 Investment Return ……………… 970,000,000
1,355,902,444 1,543,380,425 1,445,350,000 TOTAL RECEIPTS 1,528,004,427

APPROPRIATIONS

591,461,776 607,360,000 620,000,000 Benefit Payments ……………… 650,000,000
54,353,449 62,506,377 60,634,000 Administrative Expense* ……… 66,915,160
710,087,219 873,514,048 764,716,000 Available for Investment ……… 811,089,267

$ 1,355,902,444 $ 1,543,380,425 $ 1,445,350,000 TOTAL APPROPRIATIONS $ 1,528,004,427

*Total active investment management fee of $48.3 M for 2018-19 Actual, $53.3 M for 2019-20 Estimate,
and $60.3 M for 2020-21 Budget.

DISABILITY FUND

RECEIPTS
Actual Budget Estimated Budget
2018-19 2019-20 2019-20 2020-21

$ 16,503,635 $ 16,980,563 $ 16,981,000 Department Contributions ………$ 17,456,844
504,399 520,000 520,000 Member Contributions ………… 530,000
2,803,707 1,380,000 1,380,000 Investment Return ……………… 1,410,000

19,811,741 18,880,563 18,881,000 TOTAL RECEIPTS 19,396,844

APPROPRIATIONS

16,880,540 17,835,000 17,835,000 Benefit Payments ……………… 18,200,000
1,061,803 1,132,563 1,133,000 Administrative Expense ………… 1,249,844
1,869,398 (87,000) (87,000) Available for Investment ……… (53,000)
$ 19,811,741 $ 18,880,563 $ 18,881,000 TOTAL APPROPRIATIONS $ 19,396,844

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