Page 440 - 2020-21 Budget Summary

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

DEATH BENEFIT FUND

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

$ 8,777,581 $ 8,425,672 $ 15,130,000 Department Contributions ………$ 15,323,006
358,073 365,000 365,000 Member Contributions ………… 372,000
2,327,898 1,090,000 1,090,000 Investment Return ……………… 1,120,000

11,463,552 9,880,672 16,585,000 TOTAL RECEIPTS 16,815,006

APPROPRIATIONS

8,232,053 8,000,000 8,400,000 Benefit Payments ……………… 8,600,000
1,550,481 1,257,672 1,688,000 Administrative Expense ………… 1,724,006
1,681,018 623,000 6,497,000 Available for Investment ……… 6,491,000

$ 11,463,552 $ 9,880,672 $ 16,585,000 TOTAL APPROPRIATIONS $ 16,815,006

RETIREE HEALTH BENEFITS FUND

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

$ 102,631,460 $ 106,118,321 $ 109,200,000 Department Contributions ………$ 115,752,590
- - - Member Contributions ………… -
143,221,571 163,000,000 155,610,000 Investment Return ……………… 166,500,000

245,853,031 269,118,321 264,810,000 TOTAL RECEIPTS 282,252,590
APPROPRIATIONS

101,594,970 105,100,000 108,200,000 Benefit Payments ……………… 114,700,000
9,397,705 10,201,888 10,166,000 Administrative Expense** ……… 11,689,590
134,860,356 153,816,432 146,444,000 Available for Investment ……… 155,863,000
.
245,853,031 269,118,321 264,810,000 TOTAL APPROPRIATIONS 282,252,590

**Total active investment management fee of $8.4 M for 2018-19 Actual, $9.1 M for 2019-20 Estimate,
and $10.6 M for 2020-21 Budget.

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