Deferred Compensation Board
skip breadcrumbs| All amounts are in dollars |
| Category | Available 2007-08 |
Appropriations Recommended 2008-09 |
Change From 2007-08 |
Reappropriations Recommended 2008-09 |
|---|---|---|---|---|
| State Operations | 900,000 | 963,000 | 63,000 | 154,000 |
| Total | 900,000 | 963,000 | 63,000 | 154,000 |
| Full-Time Equivalent Positions (FTE) |
| Program | 2007-08 Estimated FTEs 03/31/08 |
2008-09 Estimated FTEs 03/31/09 |
FTE Change |
|---|---|---|---|
| Operations | |||
| Special Revenue Funds - Other | 4 | 4 | 0 |
| Total | 4 | 4 | 0 |
Note: Most recent estimates as of 01/22/08.
Mission
The Deferred Compensation Board oversees public employee Deferred Compensation Plans, including the State Plan and locally operated plans. The mission of the State Plan is to help employees achieve their retirement savings goals by providing quality investment options, investment educational programs and related services. Local plans are overseen by local committees, but must operate in compliance with the Board's rules.
Budget Highlights
The Executive Budget recommends $1 million All Funds ($0.2 million General Fund, $0.8 million Other Funds) for the Deferred Compensation Board. This is an increase of $63,000 All Funds from the 2007-08 budget. This net change primarily reflects growth for inflation and normal personal service increases.
The Executive Budget recommends a staffing level of 4 FTEs for the Deferred Compensation Board, which is unchanged from 2007-08.
2008-09 Executive Budget — Agency Presentation
Miscellaneous Agencies (PDF)