California
Pension Tracker

Joe Nation, Ph.D.

Project Director
Stanford Institute for
Economic Policy Research

The Bottom 25% (Lowest quartile) indicates relatively lower unfunded liabilities. The Top 25% (Highest quartile) indicates relatively higher unfunded liabilities. Metrics reflect the Fiscal Year selected. Agencies reported as NA or agencies for which we do not have geographic locations are excluded from calculations. See Glossary for additional information.

Data reflect Fiscal Year (FY) 2015, the most recent available.

City of Beverly Hills, All CalPERS Plans

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Year:
Detailed Table

Assets, Liabilities and Unfunded Liabilities

Variable CalPERS Plans Miscellaneous Safety Plan
POB Liability NA NA NA
Market Liability $1,293,668,492 $544,597,413 $749,071,079
Actuarial Liability $763,506,209 $335,292,706 $428,213,503
Value of Assets $551,554,459 $252,487,063 $299,067,396
Market Pension Debt $742,114,033 $292,110,350 $450,003,683
Actuarial Pension Debt $211,951,750 $82,805,643 $129,146,107
Discount Rate for Market Liability 3.250% 3.250% 3.250%
  • Variable

    POB Liability

    • CalPERS Plans

      NA

    • Miscellaneous

      NA

    • Safety Plan

      NA


  • Variable

    Market Liability

    • CalPERS Plans

      $1,293,668,492

    • Miscellaneous

      $544,597,413

    • Safety Plan

      $749,071,079


  • Variable

    Actuarial Liability

    • CalPERS Plans

      $763,506,209

    • Miscellaneous

      $335,292,706

    • Safety Plan

      $428,213,503


  • Variable

    Value of Assets

    • CalPERS Plans

      $551,554,459

    • Miscellaneous

      $252,487,063

    • Safety Plan

      $299,067,396


  • Variable

    Market Pension Debt

    • CalPERS Plans

      $742,114,033

    • Miscellaneous

      $292,110,350

    • Safety Plan

      $450,003,683


  • Variable

    Actuarial Pension Debt

    • CalPERS Plans

      $211,951,750

    • Miscellaneous

      $82,805,643

    • Safety Plan

      $129,146,107


  • Variable

    Discount Rate for Market Liability

    • CalPERS Plans

      3.250%

    • Miscellaneous

      3.250%

    • Safety Plan

      3.250%


*Recommended not to combine dollar and other categories.

Funded Ratios

Variable CalPERS Plans Miscellaneous Safety Plan
Market Funded Ratio 42.6% 46.4% 39.9%
Actuarial Funded Ratio 72.2% 75.3% 69.8%
  • Variable

    Market Funded Ratio

    • CalPERS Plans

      42.6%

    • Miscellaneous

      46.4%

    • Safety Plan

      39.9%


  • Variable

    Actuarial Funded Ratio

    • CalPERS Plans

      72.2%

    • Miscellaneous

      75.3%

    • Safety Plan

      69.8%


*Recommended not to combine dollar and other categories.

Contributions

Variable CalPERS Plans Miscellaneous Safety Plan
Employer Total Contribution (%) 24.777% 17.598% 37.230%
Employer Normal Cost Contribution (%) 12.135% 8.147% 19.053%
Employer Other Contribution (%) 12.642% 9.451% 18.177%
Employer Total Pension Contribution ($) $17,456,906 $7,865,059 $9,591,847
Employer Normal Cost Contribution ($) $8,549,901 $3,641,132 $4,908,769
Employer Other Contribution ($) $8,907,006 $4,223,927 $4,683,078
Employee Contribution (%) 8.366% 8.000% 9.000%
Employee Contribution ($) $5,894,171 $3,575,433 $2,318,738
Payroll $70,456,672 $44,692,914 $25,763,758
  • Variable

    Employer Total Contribution (%)

    • CalPERS Plans

      24.777%

    • Miscellaneous

      17.598%

    • Safety Plan

      37.230%


  • Variable

    Employer Normal Cost Contribution (%)

    • CalPERS Plans

      12.135%

    • Miscellaneous

      8.147%

    • Safety Plan

      19.053%


  • Variable

    Employer Other Contribution (%)

    • CalPERS Plans

      12.642%

    • Miscellaneous

      9.451%

    • Safety Plan

      18.177%


  • Variable

    Employer Total Pension Contribution ($)

    • CalPERS Plans

      $17,456,906

    • Miscellaneous

      $7,865,059

    • Safety Plan

      $9,591,847


  • Variable

    Employer Normal Cost Contribution ($)

    • CalPERS Plans

      $8,549,901

    • Miscellaneous

      $3,641,132

    • Safety Plan

      $4,908,769


  • Variable

    Employer Other Contribution ($)

    • CalPERS Plans

      $8,907,006

    • Miscellaneous

      $4,223,927

    • Safety Plan

      $4,683,078


  • Variable

    Employee Contribution (%)

    • CalPERS Plans

      8.366%

    • Miscellaneous

      8.000%

    • Safety Plan

      9.000%


  • Variable

    Employee Contribution ($)

    • CalPERS Plans

      $5,894,171

    • Miscellaneous

      $3,575,433

    • Safety Plan

      $2,318,738


  • Variable

    Payroll

    • CalPERS Plans

      $70,456,672

    • Miscellaneous

      $44,692,914

    • Safety Plan

      $25,763,758


*Recommended not to combine dollar and other categories.

Benefit Levels

Variable CalPERS Plans Miscellaneous Safety Plan  
Benefit Formula 2% @ 62 PEPRA Misc; 2.7% @ 57 PEPRA Sfty 2% @ 62 PEPRA Misc 2.7% @ 57 PEPRA Sfty  
Final Compensation Period 3; 3 3 3  
COLA (%) NA NA NA  
Sick Leave Credit NA NA NA  
  • Variable

    Benefit Formula

    • CalPERS Plans

      2% @ 62 PEPRA Misc; 2.7% @ 57 PEPRA Sfty

    • Miscellaneous

      2% @ 62 PEPRA Misc

    • Safety Plan

      2.7% @ 57 PEPRA Sfty


  • Variable

    Final Compensation Period

    • CalPERS Plans

      3; 3

    • Miscellaneous

      3

    • Safety Plan

      3


  • Variable

    COLA (%)

    • CalPERS Plans

      NA

    • Miscellaneous

      NA

    • Safety Plan

      NA


  • Variable

    Sick Leave Credit

    • CalPERS Plans

      NA

    • Miscellaneous

      NA

    • Safety Plan

      NA


Employee and Retiree Demographics

Variable CalPERS Plans Miscellaneous Safety Plan
Active Members 840 648 192
Retired Members 872 549 323
Retired/Active Ratio 1.04 0.85 1.68
Average Annual Pay, Active Members $83,877 $68,971 $134,186
Average Annual Benefits, Retired Members and Beneficiaries $41,031 $25,137 $68,045
Average Attained Age, Retired Members and Beneficiaries 70.5 71.2 69.3
  • Variable

    Active Members

    • CalPERS Plans

      840

    • Miscellaneous

      648

    • Safety Plan

      192


  • Variable

    Retired Members

    • CalPERS Plans

      872

    • Miscellaneous

      549

    • Safety Plan

      323


  • Variable

    Retired/Active Ratio

    • CalPERS Plans

      1.04

    • Miscellaneous

      0.85

    • Safety Plan

      1.68


  • Variable

    Average Annual Pay, Active Members

    • CalPERS Plans

      $83,877

    • Miscellaneous

      $68,971

    • Safety Plan

      $134,186


  • Variable

    Average Annual Benefits, Retired Members and Beneficiaries

    • CalPERS Plans

      $41,031

    • Miscellaneous

      $25,137

    • Safety Plan

      $68,045


  • Variable

    Average Attained Age, Retired Members and Beneficiaries

    • CalPERS Plans

      70.5

    • Miscellaneous

      71.2

    • Safety Plan

      69.3


*Recommended not to combine dollar and other categories.

Agency Expenditure & Revenue

Variable CalPERS Plans
Total Expenditures $268,568,311
Operating Expenditures $240,824,871
Total Revenues $330,402,174
Tax Revenues $173,377,071
  • Variable

    Total Expenditures

    • CalPERS Plans

      $268,568,311

    • Miscellaneous

      $268,568,311

    • Safety Plan

      $268,568,311


  • Variable

    Operating Expenditures

    • CalPERS Plans

      $240,824,871

    • Miscellaneous

      $240,824,871

    • Safety Plan

      $240,824,871


  • Variable

    Total Revenues

    • CalPERS Plans

      $330,402,174

    • Miscellaneous

      $330,402,174

    • Safety Plan

      $330,402,174


  • Variable

    Tax Revenues

    • CalPERS Plans

      $173,377,071

    • Miscellaneous

      $173,377,071

    • Safety Plan

      $173,377,071


*Recommended not to combine dollar and other categories.

Agency Demographics

Variable CalPERS Plans
Population 34,869
Households 14,813
  • Variable

    Population

    • CalPERS Plans

      34,869

    • Miscellaneous

      34,869

    • Safety Plan

      34,869


  • Variable

    Households

    • CalPERS Plans

      14,813

    • Miscellaneous

      14,813

    • Safety Plan

      14,813


*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable CalPERS Plans Miscellaneous Safety Plan
Market Pension Debt/Household $50,099 $19,720 $30,379
Market Pension Debt/Capita $21,283 $8,377 $12,906
Market Pension Debt/Total Expenditures 2.76 1.09 1.68
Market Pension Debt/Operating Expenditures 3.08 1.21 1.87
Market Pension Debt/Payroll 10.53 6.54 17.47
Market Pension Debt/Employer Total Pension Contributions 42.51 37.14 46.92
Market Pension Debt/Total Revenues 2.25 0.88 1.36
Market Pension Debt/Tax Revenues 4.28 1.68 2.60
Actuarial Pension Debt/Household $14,308 $5,590 $8,718
Actuarial Pension Debt/Capita $6,079 $2,375 $3,704
Actuarial Pension Debt/Total Expenditures 0.79 0.31 0.48
Actuarial Pension Debt/Operating Expenditures 0.88 0.34 0.54
Actuarial Pension Debt/Payroll 3.01 1.85 5.01
Actuarial Pension Debt/Employer Total Pension Contribution 12.14 10.53 13.46
Actuarial Pension Debt/Total Revenues 0.64 0.25 0.39
Actuarial Pension Debt/Tax Revenues 1.22 0.48 0.74
Employer Total Pension Contribution
Employer Total Pension Contribution ($)/Total Expenditures 6.5% 2.9% 3.6%
Employer Total Pension Contribution ($)/Operating Expenditures 7.2% 3.3% 4.0%
Employer Total Pension Contribution ($)/Total Revenues 5.3% 2.4% 2.9%
Employer Total Pension Contribution ($)/Tax Revenues 10.1% 4.5% 5.5%
  • Variable

    Market Pension Debt/Household

    • CalPERS Plans

      $50,099

    • Miscellaneous

      $19,720

    • Safety Plan

      $30,379


  • Variable

    Market Pension Debt/Capita

    • CalPERS Plans

      $21,283

    • Miscellaneous

      $8,377

    • Safety Plan

      $12,906


  • Variable

    Market Pension Debt/Total Expenditures

    • CalPERS Plans

      2.76

    • Miscellaneous

      1.09

    • Safety Plan

      1.68


  • Variable

    Market Pension Debt/Operating Expenditures

    • CalPERS Plans

      3.08

    • Miscellaneous

      1.21

    • Safety Plan

      1.87


  • Variable

    Market Pension Debt/Payroll

    • CalPERS Plans

      10.53

    • Miscellaneous

      6.54

    • Safety Plan

      17.47


  • Variable

    Market Pension Debt/Employer Total Pension Contributions

    • CalPERS Plans

      42.51

    • Miscellaneous

      37.14

    • Safety Plan

      46.92


  • Variable

    Market Pension Debt/Total Revenues

    • CalPERS Plans

      2.25

    • Miscellaneous

      0.88

    • Safety Plan

      1.36


  • Variable

    Market Pension Debt/Tax Revenues

    • CalPERS Plans

      4.28

    • Miscellaneous

      1.68

    • Safety Plan

      2.60


  • Variable

    Actuarial Pension Debt/Household

    • CalPERS Plans

      $14,308

    • Miscellaneous

      $5,590

    • Safety Plan

      $8,718


  • Variable

    Actuarial Pension Debt/Capita

    • CalPERS Plans

      $6,079

    • Miscellaneous

      $2,375

    • Safety Plan

      $3,704


  • Variable

    Actuarial Pension Debt/Total Expenditures

    • CalPERS Plans

      0.79

    • Miscellaneous

      0.31

    • Safety Plan

      0.48


  • Variable

    Actuarial Pension Debt/Operating Expenditures

    • CalPERS Plans

      0.88

    • Miscellaneous

      0.34

    • Safety Plan

      0.54


  • Variable

    Actuarial Pension Debt/Payroll

    • CalPERS Plans

      3.01

    • Miscellaneous

      1.85

    • Safety Plan

      5.01


  • Variable

    Actuarial Pension Debt/Employer Total Pension Contribution

    • CalPERS Plans

      12.14

    • Miscellaneous

      10.53

    • Safety Plan

      13.46


  • Variable

    Actuarial Pension Debt/Total Revenues

    • CalPERS Plans

      0.64

    • Miscellaneous

      0.25

    • Safety Plan

      0.39


  • Variable

    Actuarial Pension Debt/Tax Revenues

    • CalPERS Plans

      1.22

    • Miscellaneous

      0.48

    • Safety Plan

      0.74


  • Variable

    Employer Total Pension Contribution ($)/Total Expenditures

    • CalPERS Plans

      6.5%

    • Miscellaneous

      2.9%

    • Safety Plan

      3.6%


  • Variable

    Employer Total Pension Contribution ($)/Operating Expenditures

    • CalPERS Plans

      7.2%

    • Miscellaneous

      3.3%

    • Safety Plan

      4.0%


  • Variable

    Employer Total Pension Contribution ($)/Total Revenues

    • CalPERS Plans

      5.3%

    • Miscellaneous

      2.4%

    • Safety Plan

      2.9%


  • Variable

    Employer Total Pension Contribution ($)/Tax Revenues

    • CalPERS Plans

      10.1%

    • Miscellaneous

      4.5%

    • Safety Plan

      5.5%


*Recommended not to combine dollar and other categories.

Pension Tracker

Stanford Institute for Economic Policy Research
366 Galvez Street
Stanford, CA  94305-6050
admin@pensiontracker.org