Public Agenda Item #7.2 Conside ideration and A d Approval o of the E ERS F Fiscal Year 2 2020 Propo posed Ope perating B Budge get – (Action on) August 21, 2019 Porter Wilson, Executive Director Machelle Pharr, Chief Financial Officer
Proposed Fiscal Year 2020 Operating Budget Major Initiatives Support Our Member’s Retirement Sustain Competitive Group Benefits Income Security Program Coordinate the research, analysis and Launch onsite biometric screening services at development of the pension plans’ experience various state agencies and higher education study institutions to increase annual preventive screenings. Implement Legislation passed during the 86 th Legislative Session Develop and implement the SmartShoppERS member rewards program Evaluation of investment practices (SB322) Explore individual long-term care insurance Tiered judicial salary and judicial member contribution increase (HB2384) Agenda item 7.2 – Board of Trustees Meeting, August 21, 2019
Proposed Fiscal Year 2020 Operating Budget Major Initiatives Engage Stakeholders for Informed Decision Enhance Agency Performance and Making Accountability Develop the Ready, Set, Retire! Presentation and Evaluate and determine options to modernize the Planning Your Retirement book for all three groups in Pension and Benefits Administration System the certified peace officer class Implement Data Quality initiatives Evaluate, select and implement a Knowledge Prepare for implementation of CAPPs HR Management system to integrate with the Interactive Expand recruitment strategy Voice Response in order to organize and offer relevant reference material to users Conduct the Survey of Employee Engagement Establish ERS social media records management Continue construction, development and leasing of procedures office space for the ERS building site Agenda item 7.2 – Board of Trustees Meeting, August 21, 2019
Proposed Fiscal Year 2020 Operating Budget By Category Computer Software, Other Expenses, Travel and Subscription & Equip. & 3.9M, 5% Training, Electronic Maintenance, 3.6M, 1.3M, 2% Communication, 4% 6.7M, 8% Professional & Salary Related Contract Services Expenses 53.2M, 16.7M, 20% 62% Numbers may not add due to rounding Agenda item 7.2 – Board of Trustees Meeting, August 21, 2019
Proposed Fiscal Year 2020 Operating Budget By Division The FY 2020 Proposed Operating Budget is $85.3 million or 3.6% over the FY 2019 Operating Budget Operations 3.8M, 4% Executive 5.0M, 6% Internal Audit 1.3M, 2% Office of General Information Systems Counsel 5.1M, 17.8M, 21% 6% Human Resources 0.9M, 1% Investments 30.8M, 36% Finance 4.5M, 5% Customer Benefits, 9.6M 11% Benefit Communications 1.4M, 2% Group Benefits 3.2M, OPCO 2.0M, 2% 4% Numbers may not add due to rounding Agenda item 7.2 – Board of Trustees Meeting, August 21, 2019
Proposed Fiscal Year 2020 Operating Budget By FTEs The FY 2020 Proposed Operating Budget includes 414.5 FTEs or an increase of 1.5% Operations 17, 4% Executive 24, 6% Internal Audit 6, 1% Office of General Information Counsel 20, 5% Systems 73, 18% Human Resources Investments 79, 19% 6.5, 1% Finance 35, 8% Group Benefits 17, 4% OPCO 19, 5% Customer Benefits, Benefit 106, 26% Communications 12, 3% Numbers may not add due to rounding Agenda item 7.2 – Board of Trustees Meeting, August 21, 2019
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