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PERS Administrative Committee approves FY27 administrative budget, cuts Tier‑5 spending authority
Summary
The Administrative Committee approved the fiscal year 2027 administrative budget request, which staff said is roughly $2.7 million lower than the prior‑year budget primarily because most Tier‑5 special‑fund spending authority and a one‑time $200,000 startup state allocation were removed; the request includes additional funds for elevator updates.
Miss Higgins, staff member, presented the FY27 administrative budget request to the Administrative Committee and asked for approval. She told the committee the packet (Tab D) shows a budget request that is "a decrease of approximately 2,700,000 less than what will be the prior year budget" once the new fiscal year is in effect. She attributed the reduction primarily to backing out most Tier‑5 special‑fund spending authority and the removal of a $200,000 one‑time startup allocation that had appeared in earlier materials.
"There are two main differences in the budget request. One is to back out the great majority...spending authority for Tier 5 implementation...the full $200,000 in additional state money...was intended to be a one‑time startup type funding, which we appreciate is backed out," Miss Higgins said.
The budget request also includes a modest increase to cover elevator updates and maintenance for the building and parking deck; staff told the committee the elevators and parts are aging and some parts are becoming obsolete, so updating and maintenance funding was added.
Committee members asked a few facility and aesthetic questions; Miss Higgins said final project pieces remain but the renovation is essentially complete. A committee member moved to approve the budget request; the motion was seconded and the committee voted in favor. The committee also discussed changing prior practice of returning to the board in August for a second approval and staff recommended it was not necessary unless material changes to the request occur.
Why it matters: The administrative budget funds agency operations. Staff told the committee PERS largely funds itself through special funds and that any unspent funds at year‑end remain in the trust.
Selected clarifying details
- Net change: staff characterized the FY27 request as approximately $2.7 million less than the prior year’s budget after backing out Tier‑5 spending authority and a one‑time $200,000 state item. - Tier‑5 funding removal: the budget backs out most special‑fund spending authority associated with Tier 5 implementation; staff said that is the main driver of the reduction. - Elevator maintenance: an increase in the facilities line was requested to update aging elevators and to purchase obsolete replacement parts.
Board action
A committee member moved to approve the FY27 administrative budget request; the committee voted and the motion carried.
Ending
Staff will finalize the request for submission; staff reminded the committee that unspent special funds typically remain in the trust and that the agency does not plan to return for a second formal approval in August absent material changes to the request.
