18
RETIREMENT
SYSTEMS
Agency Specific Changes from FY 2002 to FY 2003 (including all Means of Finance)
|
Agency |
FY 2002 Operating Budget |
FY 2003 Executive Budget Recommendations |
Changes from FY 2002 to FY 2003 |
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|
|
|
|
Above the Line |
Below the Line |
Total Recommended |
Difference |
Percent Variance |
|||||
|
|
Funding |
Pos. |
Funding |
Pos. |
Funding |
Pos. |
Funding |
Pos. |
Funding |
Pos. |
Funding |
Pos. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
State Employees' Retirement System |
$4,714,958 |
0 |
$5,126,348 |
0 |
$0 |
0 |
$5,126,348 |
0 |
$411,390 |
0 |
8.73% |
0.00% |
|
Teachers' Retirement System |
$6,334,320 |
0 |
$6,650,643 |
0 |
$0 |
0 |
$6,650,643 |
0 |
$316,323 |
0 |
4.99% |
0.00% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
$11,049,278 |
0 |
$11,776,991 |
0 |
$0 |
0 |
$11,776,991 |
0 |
$727,713 |
0 |
6.59% |
0.00% |
|
Major Changes in the Retirement Systems (in millions): |
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|
Items Above the Line |
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|
g |
Adjusts required levels of funding for retirement allocations. |
$0.7 |
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