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 El Segundo, 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 $608,853,987 $167,571,965 $441,282,022
Actuarial Liability $354,418,275 $102,755,845 $251,662,430
Value of Assets $242,496,271 $77,033,230 $165,463,041
Market Pension Debt $366,357,716 $90,538,735 $275,818,981
Actuarial Pension Debt $111,922,004 $25,722,615 $86,199,389
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

      $608,853,987

    • Miscellaneous

      $167,571,965

    • Safety Plan

      $441,282,022


  • Variable

    Actuarial Liability

    • CalPERS Plans

      $354,418,275

    • Miscellaneous

      $102,755,845

    • Safety Plan

      $251,662,430


  • Variable

    Value of Assets

    • CalPERS Plans

      $242,496,271

    • Miscellaneous

      $77,033,230

    • Safety Plan

      $165,463,041


  • Variable

    Market Pension Debt

    • CalPERS Plans

      $366,357,716

    • Miscellaneous

      $90,538,735

    • Safety Plan

      $275,818,981


  • Variable

    Actuarial Pension Debt

    • CalPERS Plans

      $111,922,004

    • Miscellaneous

      $25,722,615

    • Safety Plan

      $86,199,389


  • 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 39.8% 46.0% 37.5%
Actuarial Funded Ratio 68.4% 75.0% 65.7%
  • Variable

    Market Funded Ratio

    • CalPERS Plans

      39.8%

    • Miscellaneous

      46.0%

    • Safety Plan

      37.5%


  • Variable

    Actuarial Funded Ratio

    • CalPERS Plans

      68.4%

    • Miscellaneous

      75.0%

    • Safety Plan

      65.7%


*Recommended not to combine dollar and other categories.

Contributions

Variable CalPERS Plans Miscellaneous Safety Plan
Employer Total Contribution (%) 30.424% 16.072% 43.330%
Employer Normal Cost Contribution (%) 12.861% 7.716% 17.488%
Employer Other Contribution (%) 17.563% 8.356% 25.842%
Employer Total Pension Contribution ($) $8,099,790 $2,025,869 $6,073,921
Employer Normal Cost Contribution ($) $3,424,035 $972,598 $2,451,436
Employer Other Contribution ($) $4,675,755 $1,053,270 $3,622,485
Employee Contribution (%) 7.981% 6.848% 9.000%
Employee Contribution ($) $2,124,791 $863,187 $1,261,604
Payroll $26,622,776 $12,604,956 $14,017,820
  • Variable

    Employer Total Contribution (%)

    • CalPERS Plans

      30.424%

    • Miscellaneous

      16.072%

    • Safety Plan

      43.330%


  • Variable

    Employer Normal Cost Contribution (%)

    • CalPERS Plans

      12.861%

    • Miscellaneous

      7.716%

    • Safety Plan

      17.488%


  • Variable

    Employer Other Contribution (%)

    • CalPERS Plans

      17.563%

    • Miscellaneous

      8.356%

    • Safety Plan

      25.842%


  • Variable

    Employer Total Pension Contribution ($)

    • CalPERS Plans

      $8,099,790

    • Miscellaneous

      $2,025,869

    • Safety Plan

      $6,073,921


  • Variable

    Employer Normal Cost Contribution ($)

    • CalPERS Plans

      $3,424,035

    • Miscellaneous

      $972,598

    • Safety Plan

      $2,451,436


  • Variable

    Employer Other Contribution ($)

    • CalPERS Plans

      $4,675,755

    • Miscellaneous

      $1,053,270

    • Safety Plan

      $3,622,485


  • Variable

    Employee Contribution (%)

    • CalPERS Plans

      7.981%

    • Miscellaneous

      6.848%

    • Safety Plan

      9.000%


  • Variable

    Employee Contribution ($)

    • CalPERS Plans

      $2,124,791

    • Miscellaneous

      $863,187

    • Safety Plan

      $1,261,604


  • Variable

    Payroll

    • CalPERS Plans

      $26,622,776

    • Miscellaneous

      $12,604,956

    • Safety Plan

      $14,017,820


*Recommended not to combine dollar and other categories.

Benefit Levels

Variable CalPERS Plans Miscellaneous Safety Plan  
Benefit Formula 2% @ 60; 2.7% @ 57 PEPRA Sfty 2% @ 60 2.7% @ 57 PEPRA Sfty  
Final Compensation Period 1; 3 1 3  
COLA (%) NA NA NA  
Sick Leave Credit NA NA NA  
  • Variable

    Benefit Formula

    • CalPERS Plans

      2% @ 60; 2.7% @ 57 PEPRA Sfty

    • Miscellaneous

      2% @ 60

    • Safety Plan

      2.7% @ 57 PEPRA Sfty


  • Variable

    Final Compensation Period

    • CalPERS Plans

      1; 3

    • Miscellaneous

      1

    • 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 274 173 101
Retired Members 525 309 216
Retired/Active Ratio 1.92 1.79 2.14
Average Annual Pay, Active Members $97,163 $72,861 $138,790
Average Annual Benefits, Retired Members and Beneficiaries $34,339 $16,717 $59,548
Average Attained Age, Retired Members and Beneficiaries 68.3 69.3 66.7
  • Variable

    Active Members

    • CalPERS Plans

      274

    • Miscellaneous

      173

    • Safety Plan

      101


  • Variable

    Retired Members

    • CalPERS Plans

      525

    • Miscellaneous

      309

    • Safety Plan

      216


  • Variable

    Retired/Active Ratio

    • CalPERS Plans

      1.92

    • Miscellaneous

      1.79

    • Safety Plan

      2.14


  • Variable

    Average Annual Pay, Active Members

    • CalPERS Plans

      $97,163

    • Miscellaneous

      $72,861

    • Safety Plan

      $138,790


  • Variable

    Average Annual Benefits, Retired Members and Beneficiaries

    • CalPERS Plans

      $34,339

    • Miscellaneous

      $16,717

    • Safety Plan

      $59,548


  • Variable

    Average Attained Age, Retired Members and Beneficiaries

    • CalPERS Plans

      68.3

    • Miscellaneous

      69.3

    • Safety Plan

      66.7


*Recommended not to combine dollar and other categories.

Agency Expenditure & Revenue

Variable CalPERS Plans
Total Expenditures $103,374,550
Operating Expenditures $101,786,028
Total Revenues $107,556,020
Tax Revenues $50,763,444
  • Variable

    Total Expenditures

    • CalPERS Plans

      $103,374,550

    • Miscellaneous

      $103,374,550

    • Safety Plan

      $103,374,550


  • Variable

    Operating Expenditures

    • CalPERS Plans

      $101,786,028

    • Miscellaneous

      $101,786,028

    • Safety Plan

      $101,786,028


  • Variable

    Total Revenues

    • CalPERS Plans

      $107,556,020

    • Miscellaneous

      $107,556,020

    • Safety Plan

      $107,556,020


  • Variable

    Tax Revenues

    • CalPERS Plans

      $50,763,444

    • Miscellaneous

      $50,763,444

    • Safety Plan

      $50,763,444


*Recommended not to combine dollar and other categories.

Agency Demographics

Variable CalPERS Plans
Population 17,037
Households 6,927
  • Variable

    Population

    • CalPERS Plans

      17,037

    • Miscellaneous

      17,037

    • Safety Plan

      17,037


  • Variable

    Households

    • CalPERS Plans

      6,927

    • Miscellaneous

      6,927

    • Safety Plan

      6,927


*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable CalPERS Plans Miscellaneous Safety Plan
Market Pension Debt/Household $52,888 $13,070 $39,818
Market Pension Debt/Capita $21,504 $5,314 $16,189
Market Pension Debt/Total Expenditures 3.54 0.88 2.67
Market Pension Debt/Operating Expenditures 3.60 0.89 2.71
Market Pension Debt/Payroll 13.76 7.18 19.68
Market Pension Debt/Employer Total Pension Contributions 45.23 44.69 45.41
Market Pension Debt/Total Revenues 3.41 0.84 2.56
Market Pension Debt/Tax Revenues 7.22 1.78 5.43
Actuarial Pension Debt/Household $16,157 $3,713 $12,444
Actuarial Pension Debt/Capita $6,569 $1,510 $5,060
Actuarial Pension Debt/Total Expenditures 1.08 0.25 0.83
Actuarial Pension Debt/Operating Expenditures 1.10 0.25 0.85
Actuarial Pension Debt/Payroll 4.20 2.04 6.15
Actuarial Pension Debt/Employer Total Pension Contribution 13.82 12.70 14.19
Actuarial Pension Debt/Total Revenues 1.04 0.24 0.80
Actuarial Pension Debt/Tax Revenues 2.20 0.51 1.70
Employer Total Pension Contribution
Employer Total Pension Contribution ($)/Total Expenditures 7.8% 2.0% 5.9%
Employer Total Pension Contribution ($)/Operating Expenditures 8.0% 2.0% 6.0%
Employer Total Pension Contribution ($)/Total Revenues 7.5% 1.9% 5.6%
Employer Total Pension Contribution ($)/Tax Revenues 16.0% 4.0% 12.0%
  • Variable

    Market Pension Debt/Household

    • CalPERS Plans

      $52,888

    • Miscellaneous

      $13,070

    • Safety Plan

      $39,818


  • Variable

    Market Pension Debt/Capita

    • CalPERS Plans

      $21,504

    • Miscellaneous

      $5,314

    • Safety Plan

      $16,189


  • Variable

    Market Pension Debt/Total Expenditures

    • CalPERS Plans

      3.54

    • Miscellaneous

      0.88

    • Safety Plan

      2.67


  • Variable

    Market Pension Debt/Operating Expenditures

    • CalPERS Plans

      3.60

    • Miscellaneous

      0.89

    • Safety Plan

      2.71


  • Variable

    Market Pension Debt/Payroll

    • CalPERS Plans

      13.76

    • Miscellaneous

      7.18

    • Safety Plan

      19.68


  • Variable

    Market Pension Debt/Employer Total Pension Contributions

    • CalPERS Plans

      45.23

    • Miscellaneous

      44.69

    • Safety Plan

      45.41


  • Variable

    Market Pension Debt/Total Revenues

    • CalPERS Plans

      3.41

    • Miscellaneous

      0.84

    • Safety Plan

      2.56


  • Variable

    Market Pension Debt/Tax Revenues

    • CalPERS Plans

      7.22

    • Miscellaneous

      1.78

    • Safety Plan

      5.43


  • Variable

    Actuarial Pension Debt/Household

    • CalPERS Plans

      $16,157

    • Miscellaneous

      $3,713

    • Safety Plan

      $12,444


  • Variable

    Actuarial Pension Debt/Capita

    • CalPERS Plans

      $6,569

    • Miscellaneous

      $1,510

    • Safety Plan

      $5,060


  • Variable

    Actuarial Pension Debt/Total Expenditures

    • CalPERS Plans

      1.08

    • Miscellaneous

      0.25

    • Safety Plan

      0.83


  • Variable

    Actuarial Pension Debt/Operating Expenditures

    • CalPERS Plans

      1.10

    • Miscellaneous

      0.25

    • Safety Plan

      0.85


  • Variable

    Actuarial Pension Debt/Payroll

    • CalPERS Plans

      4.20

    • Miscellaneous

      2.04

    • Safety Plan

      6.15


  • Variable

    Actuarial Pension Debt/Employer Total Pension Contribution

    • CalPERS Plans

      13.82

    • Miscellaneous

      12.70

    • Safety Plan

      14.19


  • Variable

    Actuarial Pension Debt/Total Revenues

    • CalPERS Plans

      1.04

    • Miscellaneous

      0.24

    • Safety Plan

      0.80


  • Variable

    Actuarial Pension Debt/Tax Revenues

    • CalPERS Plans

      2.20

    • Miscellaneous

      0.51

    • Safety Plan

      1.70


  • Variable

    Employer Total Pension Contribution ($)/Total Expenditures

    • CalPERS Plans

      7.8%

    • Miscellaneous

      2.0%

    • Safety Plan

      5.9%


  • Variable

    Employer Total Pension Contribution ($)/Operating Expenditures

    • CalPERS Plans

      8.0%

    • Miscellaneous

      2.0%

    • Safety Plan

      6.0%


  • Variable

    Employer Total Pension Contribution ($)/Total Revenues

    • CalPERS Plans

      7.5%

    • Miscellaneous

      1.9%

    • Safety Plan

      5.6%


  • Variable

    Employer Total Pension Contribution ($)/Tax Revenues

    • CalPERS Plans

      16.0%

    • Miscellaneous

      4.0%

    • Safety Plan

      12.0%


*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