Page 435 - FY 2021-22 Proposed Budget

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

DEATH BENEFIT FUND

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

$ 14,908,884 $ 15,323,006 $ 15,000,000 Department Contributions ………………… 15,491,652
$

384,893 372,000 372,000 Member Contributions …………………….. 380,000
2,832,049 1,120,000 1,120,000 Investment Return ………………………… 1,250,000
18,125,826 16,815,006 16,492,000 TOTAL RECEIPTS 17,121,652
APPROPRIATIONS
7,922,692 8,600,000 8,800,000 Benefit Payments ………………………….. 8,500,000
1,531,527 1,724,006 1,724,000 Administrative Expense …………………… 1,901,652
8,671,607 6,491,000 5,968,000 Available for Investment …………………… 6,720,000
$ 18,125,826 $ 16,815,006 $ 16,492,000 TOTAL APPROPRIATIONS $ 17,121,652
RETIREE HEALTH BENEFITS FUND

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

$
$ 110,444,724 $ 115,752,590 $ 111,500,000 Department Contributions ………………… 118,216,639
- - - Member Contributions …………………….. -
92,660,423 166,500,000 462,490,000 Investment Return ………………………… 193,730,000

203,105,147 282,252,590 573,990,000 TOTAL RECEIPTS 311,946,639
APPROPRIATIONS

109,401,181 114,700,000 110,427,000 Benefit Payments …………………………..117,100,000

10,526,378 11,689,590 11,690,000 Administrative Expense** …………… 14,232,725
83,177,588 155,863,000 451,873,000 Available for Investment ……………………180,613,914

.
203,105,147 282,252,590 573,990,000 TOTAL APPROPRIATIONS 311,946,639
**Total active investment management fee of $9.5 M for 2019-20 Actual, $10.6 M for 2020-21 Estimate,
and $13.1 M for 2021-22 Budget.

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