MISSION:
To plan, implement, and administer income replacement programs, and to encourage additional savings for retirement, all of which offer SDRS members and their families the resources and the opportunity to achieve financial security at retirement, death, or disability by providing an outstanding, appropriate, and equitable level of benefits.

	ACTUAL FY 2008	ACTUAL FY 2009	BUDGETED FY 2010	REQUESTED FY 2011	GOVERNOR'S RECOMMENDED FY 2011	RECOMMENDED INC/(DEC) FY 2011
FUNDING SOURCE:
General Funds	$0	$0	$0	$0	$0	$0
Federal Funds	0	0	0	0	0	0
Other Funds	3,103,211	3,377,065	3,700,254	3,723,054	3,735,876	35,622
Total	$3,103,211	$3,377,065	$3,700,254	$3,723,054	$3,735,876	$35,622
EXPENDITURE DETAIL:
Personal Services	$1,619,082	$1,719,533	$1,903,080	$1,903,080	$1,915,902	$12,822
Operating Expenses	1,484,129	1,657,531	1,797,174	1,819,974	1,819,974	22,800
Total	$3,103,211	$3,377,065	$3,700,254	$3,723,054	$3,735,876	$35,622
Staffing Level FTE:	29.9	30.7	33.0	33.0	33.0	0.0

	ACTUAL FY 2008	ACTUAL FY 2009	ESTIMATED FY 2010	ESTIMATED FY 2011
REVENUES:
Contributions	$183,326,000	$191,091,000	$185,657,500	$201,000,000
Investment Income	-,723,100,000	-1,659,000,000	437,000,000	470,000,000
Benefits Paid	-,273,267,000	-,306,787,000	-,318,331,555	-,357,000,000
Refunds Paid	-28,069,000	-24,421,000	-26,000,000	-28,500,000
Total	$-,841,110,000	$-1,799,117,000	$278,325,945	$285,500,000
PERFORMANCE INDICATORS:
Budget Compared to Assets	0.045%	0.063%	0.043%	0.056%
Budget Compared to Benefits	1.11%	1.18%	1.06%	1.04%
Budget Compared to Contributions	2.0%	1.9%	2.0%	1.8%
Members Per FTEs	2,318	2,200	2,400	2,425
Turnover Rate for FTEs - Managerial	12.5%	0.0%	0.0%	0.0%
Turnover Rate for FTEs - Nonmanagerial	17.4%	12.0%	4.3%	4.0%

generated 11/25/09 03:21:00 PM