Page 439 - FY 2022-23 Proposed Budget

DEPARTMENT OF WATER AND POWER
WATER AND POWER EMPLOYEES' RETIREMENT, DISABILITY
AND DEATH BENEFIT INSURANCE PLAN
FY 2022-2023

RETIREMENT FUND

RECEIPTS
Actual Budget Estimated Budget
2020-21 2021-22 2021-22 2022-23

$ 385,071,467 $ 482,133,368 $ 335,000,000 Department Contributions ………………… 351,542,348
$

115,876,896 123,585,000 117,000,000 Member Contributions …………………….. 119,500,000

3,554,020,120 1,107,110,000 1,162,000,000 Investment Return …………………………1,243,000,000
4,054,968,483 1,712,828,368 1,614,000,000 TOTAL RECEIPTS 1,714,042,348
APPROPRIATIONS

671,277,654 704,900,000 708,500,000 Benefit Payments ………………………….. 754,500,000
69,858,971 81,823,023 81,162,093 Administrative Expense* ………………… 92,052,348

3,313,831,858 926,105,346 824,337,907 Available for Investment ……………………867,490,000

$ 4,054,968,483 $ 1,712,828,369 $ 1,614,000,000 TOTAL APPROPRIATIONS $ 1,714,042,348
*Total active investment management fee of $63.9 M for 2020-21 Actual, $74.8 M for 2021-22 Estimate,
and $84.9 M for 2022-23 Budget.
DISABILITY FUND
RECEIPTS
Actual Budget Estimated Budget
2020-21 2021-22 2021-22 2022-23

$ 16,794,349 $ 17,451,649 $ 16,300,000 Department Contributions ………………… 15,924,349

$

528,815 540,600 540,600 Member Contributions …………………….. 550,000
394,848 1,250,000 1,440,000 Investment Return ………………………… 1,490,000
17,718,012 19,242,249 18,280,600 TOTAL RECEIPTS 17,964,349
APPROPRIATIONS
15,166,762 17,060,000 17,500,000 Benefit Payments ………………………….. 17,850,000
1,265,077 1,437,350 1,305,164 Administrative Expense …………………… 1,469,349

1,286,173 744,899 (524,564) Available for Investment …………………… (1,355,000)
$ 17,718,012 $ 19,242,249 $ 18,280,600 TOTAL APPROPRIATIONS $ 17,964,349

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