Budget Browser
State Retiree Benefits Trust Fund and Related Programs T10-540
funding levels adjusted for inflation (cpi)
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| Adjusted for inflation (cpi) | NOT adjusted | |
|---|---|---|
| FY25 Gov | $39,513,074 | $39,513,074 |
| FY24 | $53,427,425 | $53,899,741 |
| FY23 | $72,843,338 | $69,164,498 |
| FY22 | $97,240,990 | $88,629,773 |
| FY21 | $30,743,942 | $26,148,238 |
| FY20 | $118,037,598 | $98,146,393 |
| FY19 | $97,485,949 | $79,796,852 |
| FY18 | $32,110,348 | $25,750,000 |
| FY17 | $32,830,159 | $25,750,000 |
| FY16 | $105,991,148 | $81,614,704 |
| FY15 | $99,224,515 | $75,900,000 |
| FY14 | $66,788,344 | $50,725,584 |
| FY13 | $37,003,780 | $27,673,691 |
| FY12 | $0 | $0 |
| FY11 | $0 | $0 |
| FY10 | $0 | $0 |
| FY09 | $0 | $0 |
| FY08 | $0 | $0 |
| FY07 | $0 | $0 |
| FY06 | $0 | $0 |
| FY05 | $0 | $0 |
| FY04 | $0 | $0 |
| FY03 | $0 | $0 |
| FY02 | $0 | $0 |
| FY01 | $0 | $0 |
comparisons adjusted for inflation (cpi)
Between and
| Funding for State Retiree Benefits Trust Fund and Related Programs |
|---|
| N/A |
comparisons adjusted for inflation (cpi)
Notes
- In FY20, the budget includes a transfer of $22.8 million from excess capital gains transferred into the Pension Reserves Trust and into the State Retiree Benefits Trust.
- In FY19, the budget includes a transfer of $4.4 million from excess capital gains into the Pension Reserves Trust and into the State Retiree Benefits Trust.
- From FY01-FY07, Group Insurance Premium and Plan Costs funded both active and retired state employee benefits. Starting in FY08, funding for health insurance for state retirees was partially funded through an operating transfer into the State Retiree Benefits Trust Fund. There was an additional reserve funding some costs in FY12, and starting in FY13, retiree costs were also funded by a "pre-budget" transfer into the trust fund of revenue from the tobacco Master Settlement Agreement. All of these are grouped together. Starting in FY15, instead of using the tobacco Master Settlement, the budget uses unexpended debt service appropriations to fund these costs, but notes that the settlement funds could be used if necessary.
* Funding and comparison information includes all line-items listed above. Download the spreadsheet to see funding levels for individual line-items.
download as image
| Adjusted for inflation (cpi) | NOT adjusted | |
|---|---|---|
| FY25 Gov | $39,513,074 | $39,513,074 |
Notes
- In FY20, the budget includes a transfer of $22.8 million from excess capital gains transferred into the Pension Reserves Trust and into the State Retiree Benefits Trust.
- In FY19, the budget includes a transfer of $4.4 million from excess capital gains into the Pension Reserves Trust and into the State Retiree Benefits Trust.
- From FY01-FY07, Group Insurance Premium and Plan Costs funded both active and retired state employee benefits. Starting in FY08, funding for health insurance for state retirees was partially funded through an operating transfer into the State Retiree Benefits Trust Fund. There was an additional reserve funding some costs in FY12, and starting in FY13, retiree costs were also funded by a "pre-budget" transfer into the trust fund of revenue from the tobacco Master Settlement Agreement. All of these are grouped together. Starting in FY15, instead of using the tobacco Master Settlement, the budget uses unexpended debt service appropriations to fund these costs, but notes that the settlement funds could be used if necessary.
* Funding information includes all line-items listed above. Download the spreadsheet to see funding levels for individual line-items.
