Efficient, Effective and Accountable Government
Last Updated: 10/07/2024
Safeguard and manage public funds
Strategy: Safeguard and manage public funds
Agency: 740 - Contributions to Retirement Systems
A001 - Contributions to Retirement Systems
This activity identifies the costs associated with direct contributions made by the state to two retirement systems: Law Enforcement Officers' and Firefighters' and Judicial retirement systems.
Law Enforcement Officers and Firefighters Retirement
| Account | FY 2024 | FY 2025 | Biennium Total |
|---|---|---|---|
| 001 - General Fund | |||
| State | 183,100,000 | 191,200,000 | 374,300,000 |
Judicial Retirement System
| Account | FY 2024 | FY 2025 | Biennium Total |
|---|---|---|---|
| 001 - General Fund | |||
| State | 12,600,000 | 12,000,000 | 24,600,000 |
Judges Retirement System
| Account | FY 2024 | FY 2025 | Biennium Total |
|---|---|---|---|
| 001 - General Fund | |||
| State | 600,000 | 600,000 | 1,200,000 |
Volunteer Firefighters' Retirement System
| Account | FY 2024 | FY 2025 | Biennium Total |
|---|---|---|---|
| 204 - Vol Firefight/Res Off Administrativ | |||
| State | 20,434,000 | 16,974,000 | 37,408,000 |
| FY 2024 | FY 2025 | Biennium Total | |
|---|---|---|---|
| FTES | |||
| GFS | 101,000,000.0 | 104,900,000.0 | 205,900,000.0 |
| Other | 10,217,000.0 | 8,487,000.0 | 18,704,000.0 |
| Totals | 111,217,000.0 | 113,387,000.0 | 224,604,000.0 |
Expected Results
Maintain appropriate funding levels in specified public pension plans.
