b'Expenditures BudgetedActual 2024-25 2024-25Service Pensions 1,062,000,000 1,024,493,510Service PensionsDROP Distributions 115,400,000 87,001,299Disability Pensions 113,000,000 112,064,003Surviving Spouse/Domestic Partner Pensions 173,000,000 167,251,603Minor/Dependent Child Pensions 3,400,000 3,402,564Refund of Member Contributions 10,100,000 4,777,388Health Insurance Premium Subsidy 162,000,000 150,970,472Dental Insurance Premium Subsidy 5,400,000 4,927,075Medicare Reimbursement 17,000,000 17,832,003Health Insurance Premium Reimbursement 2,000,000 1,929,299Investment Management Expense 165,350,675 193,436,030Administrative Expense 31,114,550 28,637,241Total Expenditures 1,859,765,225 1,796,722,487Increase (Decrease) in Fund Balance (425,048,708) 1,483,818,794SUMMARY OF RECEIPTSThe Department receives revenue primarily from three sources: Employer Contributions (City, Harbor, and Airports), Member Contributions, and Investment Earnings. In 2024-25, the Department received total revenue of $3.28 billion 1, an increase of $0.56 billion, or +20.39%, from 2023-24. The change was primarily due to an increase in Investment Earnings, as well as moderate increases in employer and member contributions. EMPLOYER CONTRIBUTIONS Employer Contributions are based on the application of the actuarys computed rates for each tier to the budget-ed sworn payroll. It is comprised of the Citys General Fund contribution and Special Fund (Harbor and Airports Departments) contributions. In 2024-25, Employer Contributions, excluding funds for the Excess Benefit Plan, totaled $668.61 million, an increase of $23.24 million, or +3.60%, from 2023-24.MEMBER CONTRIBUTIONS Member Contributions are calculated based on the contribution rate for a members tier. These rates range from 8% to 9% of salaries for members in Tiers 3 through 5, while members in Tier 6 contribute 11% of salary. All remain-ing active Tier 2 members have completed at least 30 years of service and therefore no longer make pension contributions. In 2024-25, revenue received from Member Contributions was $164.29 million, an increase of $7.10 million, or +4.52%, from 2023-24.1 This does not include Excess Benefit Plan funds.SECTION 3DEPARTMENT BUDGET 91'