Page 434 - FY 2021-22 Proposed Budget

DEPARTMENT OF WATER AND POWER
WATER AND POWER EMPLOYEES' RETIREMENT, DISABILITY
AND DEATH BENEFIT INSURANCE PLAN
FY 2021-2022

RETIREMENT FUND

RECEIPTS
Actual Budget Estimated Budget
2019-20 2020-21 2020-21 2021-22

$ 427,655,268 $ 443,554,427 $ 390,000,000 Department Contributions ………………… 482,133,368
$

113,498,869 114,450,000 115,500,000 Member Contributions …………………….. 123,585,000

514,304,278 970,000,000 2,561,840,000 Investment Return …………………………1,107,110,000

1,055,458,415 1,528,004,427 3,067,340,000 TOTAL RECEIPTS 1,712,828,368
APPROPRIATIONS

628,852,137 650,000,000 665,000,000 Benefit Payments ………………………….. 704,900,000

59,952,994 66,915,160 66,915,000 Administrative Expense* ………………… 81,572,023

366,653,284 811,089,267 2,335,425,000 Available for Investment ……………………926,356,346
$ 1,055,458,415 $ 1,528,004,427 $ 3,067,340,000 TOTAL APPROPRIATIONS $ 1,712,828,368
*Total active investment management fee of $54.3 M for 2019-20 Actual, $60.3 M for 2020-21 Estimate,
and $74.8 M for 2021-22 Budget.
DISABILITY FUND
RECEIPTS
Actual Budget Estimated Budget
2019-20 2020-21 2020-21 2021-22

$ 17,451,555 $ 17,456,844 $ 17,200,000 Department Contributions ………………… 17,451,649

$

540,574 530,000 530,000 Member Contributions …………………….. 540,600
3,320,828 1,410,000 1,410,000 Investment Return ………………………… 1,250,000
21,312,957 19,396,844 19,140,000 TOTAL RECEIPTS 19,242,249
APPROPRIATIONS
18,488,380 18,200,000 15,300,000 Benefit Payments ………………………….. 17,060,000
1,179,599 1,249,844 1,250,000 Administrative Expense …………………… 1,437,350

1,644,978 (53,000) 2,590,000 Available for Investment …………………… 744,899
$ 21,312,957 $ 19,396,844 $ 19,140,000 TOTAL APPROPRIATIONS $ 19,242,249

404