Page 440 - FY 2022-23 Proposed Budget

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

DEATH BENEFIT FUND

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

$
$ 14,522,798 $ 15,491,652 $ 14,500,000 Department Contributions ………………… 15,407,665

373,989 380,000 380,000 Member Contributions …………………….. 390,000
389,669 1,250,000 1,470,000 Investment Return ………………………… 1,520,000
15,286,456 17,121,652 16,350,000 TOTAL RECEIPTS 17,317,665
APPROPRIATIONS
10,245,251 8,500,000 9,500,000 Benefit Payments ………………………….. 9,000,000
1,658,919 1,901,652 1,703,373 Administrative Expense …………………… 2,152,665
3,382,286 6,720,000 5,146,627 Available for Investment …………………… 6,165,000
$ 15,286,456 $ 17,121,652 $ 16,350,000 TOTAL APPROPRIATIONS $ 17,317,665
RETIREE HEALTH BENEFITS FUND

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

$ 110,261,019 $ 118,216,639 $ 113,200,000 Department Contributions ………………… 119,884,110
$
- - - Member Contributions …………………….. -
625,802,467 193,730,000 204,890,000 Investment Return ………………………… 219,230,000

736,063,486 311,946,639 318,090,000 TOTAL RECEIPTS 339,114,110
APPROPRIATIONS

109,282,435 117,100,000 112,000,000 Benefit Payments …………………………..118,720,000

12,388,853 14,232,725 14,122,571 Administrative Expense** …………… 16,164,110
614,392,198 180,613,914 191,967,429 Available for Investment ……………………204,230,000

.
736,063,486 311,946,639 318,090,000 TOTAL APPROPRIATIONS 339,114,110
**Total active investment management fee of $11.4 M for 2020-21 Actual, $13.1 M for 2021-22 Estimate,
and $15.0 M for 2022-23 Budget.

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