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 Irwindale, 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 $117,950,347 $58,546,360 $59,403,987
Actuarial Liability $68,840,131 $35,046,900 $33,793,231
Value of Assets $54,079,776 $28,265,742 $25,814,034
Market Pension Debt $63,870,571 $30,280,618 $33,589,953
Actuarial Pension Debt $14,760,355 $6,781,158 $7,979,197
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

      $117,950,347

    • Miscellaneous

      $58,546,360

    • Safety Plan

      $59,403,987


  • Variable

    Actuarial Liability

    • CalPERS Plans

      $68,840,131

    • Miscellaneous

      $35,046,900

    • Safety Plan

      $33,793,231


  • Variable

    Value of Assets

    • CalPERS Plans

      $54,079,776

    • Miscellaneous

      $28,265,742

    • Safety Plan

      $25,814,034


  • Variable

    Market Pension Debt

    • CalPERS Plans

      $63,870,571

    • Miscellaneous

      $30,280,618

    • Safety Plan

      $33,589,953


  • Variable

    Actuarial Pension Debt

    • CalPERS Plans

      $14,760,355

    • Miscellaneous

      $6,781,158

    • Safety Plan

      $7,979,197


  • 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 45.8% 48.3% 43.5%
Actuarial Funded Ratio 78.6% 80.7% 76.4%
  • Variable

    Market Funded Ratio

    • CalPERS Plans

      45.8%

    • Miscellaneous

      48.3%

    • Safety Plan

      43.5%


  • Variable

    Actuarial Funded Ratio

    • CalPERS Plans

      78.6%

    • Miscellaneous

      80.7%

    • Safety Plan

      76.4%


*Recommended not to combine dollar and other categories.

Contributions

Variable CalPERS Plans Miscellaneous Safety Plan
Employer Total Contribution (%) NA NA NA
Employer Normal Cost Contribution (%) NA NA NA
Employer Other Contribution (%) NA NA NA
Employer Total Pension Contribution ($) NA NA NA
Employer Normal Cost Contribution ($) NA NA NA
Employer Other Contribution ($) NA NA NA
Employee Contribution (%) 7.876% 6.974% 9.284%
Employee Contribution ($) $484,921 $261,638 $223,283
Payroll $6,156,657 $3,751,707 $2,404,950
  • Variable

    Employer Total Contribution (%)

    • CalPERS Plans

      NA

    • Miscellaneous

      NA

    • Safety Plan

      NA


  • Variable

    Employer Normal Cost Contribution (%)

    • CalPERS Plans

      NA

    • Miscellaneous

      NA

    • Safety Plan

      NA


  • Variable

    Employer Other Contribution (%)

    • CalPERS Plans

      NA

    • Miscellaneous

      NA

    • Safety Plan

      NA


  • Variable

    Employer Total Pension Contribution ($)

    • CalPERS Plans

      NA

    • Miscellaneous

      NA

    • Safety Plan

      NA


  • Variable

    Employer Normal Cost Contribution ($)

    • CalPERS Plans

      NA

    • Miscellaneous

      NA

    • Safety Plan

      NA


  • Variable

    Employer Other Contribution ($)

    • CalPERS Plans

      NA

    • Miscellaneous

      NA

    • Safety Plan

      NA


  • Variable

    Employee Contribution (%)

    • CalPERS Plans

      7.876%

    • Miscellaneous

      6.974%

    • Safety Plan

      9.284%


  • Variable

    Employee Contribution ($)

    • CalPERS Plans

      $484,921

    • Miscellaneous

      $261,638

    • Safety Plan

      $223,283


  • Variable

    Payroll

    • CalPERS Plans

      $6,156,657

    • Miscellaneous

      $3,751,707

    • Safety Plan

      $2,404,950


*Recommended not to combine dollar and other categories.

Benefit Levels

Variable CalPERS Plans Miscellaneous Safety Plan  
Benefit Formula 2% @ 55 Misc; 2% @ 62 PEPRA Misc; 3% @ 50; 2.7% @ 57 PEPRA Sfty 2% @ 55 Misc; 2% @ 62 PEPRA Misc 3% @ 50; 2.7% @ 57 PEPRA Sfty  
Final Compensation Period 1; 3; 1; 3 1; 3 1; 3  
COLA (%) NA NA NA  
Sick Leave Credit Yes Yes Yes  
  • Variable

    Benefit Formula

    • CalPERS Plans

      2% @ 55 Misc; 2% @ 62 PEPRA Misc; 3% @ 50; 2.7% @ 57 PEPRA Sfty

    • Miscellaneous

      2% @ 55 Misc; 2% @ 62 PEPRA Misc

    • Safety Plan

      3% @ 50; 2.7% @ 57 PEPRA Sfty


  • Variable

    Final Compensation Period

    • CalPERS Plans

      1; 3; 1; 3

    • Miscellaneous

      1; 3

    • Safety Plan

      1; 3


  • Variable

    COLA (%)

    • CalPERS Plans

      NA

    • Miscellaneous

      NA

    • Safety Plan

      NA


  • Variable

    Sick Leave Credit

    • CalPERS Plans

      Yes

    • Miscellaneous

      Yes

    • Safety Plan

      Yes


Employee and Retiree Demographics

Variable CalPERS Plans Miscellaneous Safety Plan
Active Members 80 55 25
Retired Members 103 61 42
Retired/Active Ratio 1.29 1.11 1.68
Average Annual Pay, Active Members $76,958 $68,213 $96,198
Average Annual Benefits, Retired Members and Beneficiaries $34,481 $29,596 $41,575
Average Attained Age, Retired Members and Beneficiaries 66.5 67.3 65.2
  • Variable

    Active Members

    • CalPERS Plans

      80

    • Miscellaneous

      55

    • Safety Plan

      25


  • Variable

    Retired Members

    • CalPERS Plans

      103

    • Miscellaneous

      61

    • Safety Plan

      42


  • Variable

    Retired/Active Ratio

    • CalPERS Plans

      1.29

    • Miscellaneous

      1.11

    • Safety Plan

      1.68


  • Variable

    Average Annual Pay, Active Members

    • CalPERS Plans

      $76,958

    • Miscellaneous

      $68,213

    • Safety Plan

      $96,198


  • Variable

    Average Annual Benefits, Retired Members and Beneficiaries

    • CalPERS Plans

      $34,481

    • Miscellaneous

      $29,596

    • Safety Plan

      $41,575


  • Variable

    Average Attained Age, Retired Members and Beneficiaries

    • CalPERS Plans

      66.5

    • Miscellaneous

      67.3

    • Safety Plan

      65.2


*Recommended not to combine dollar and other categories.

Agency Expenditure & Revenue

Variable CalPERS Plans
Total Expenditures $21,656,017
Operating Expenditures $19,299,041
Total Revenues $22,925,310
Tax Revenues $19,668,897
  • Variable

    Total Expenditures

    • CalPERS Plans

      $21,656,017

    • Miscellaneous

      $21,656,017

    • Safety Plan

      $21,656,017


  • Variable

    Operating Expenditures

    • CalPERS Plans

      $19,299,041

    • Miscellaneous

      $19,299,041

    • Safety Plan

      $19,299,041


  • Variable

    Total Revenues

    • CalPERS Plans

      $22,925,310

    • Miscellaneous

      $22,925,310

    • Safety Plan

      $22,925,310


  • Variable

    Tax Revenues

    • CalPERS Plans

      $19,668,897

    • Miscellaneous

      $19,668,897

    • Safety Plan

      $19,668,897


*Recommended not to combine dollar and other categories.

Agency Demographics

Variable CalPERS Plans
Population 1,437
Households 367
  • Variable

    Population

    • CalPERS Plans

      1,437

    • Miscellaneous

      1,437

    • Safety Plan

      1,437


  • Variable

    Households

    • CalPERS Plans

      367

    • Miscellaneous

      367

    • Safety Plan

      367


*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable CalPERS Plans Miscellaneous Safety Plan
Market Pension Debt/Household $174,034 $82,508 $91,526
Market Pension Debt/Capita $44,447 $21,072 $23,375
Market Pension Debt/Total Expenditures 2.95 1.40 1.55
Market Pension Debt/Operating Expenditures 3.31 1.57 1.74
Market Pension Debt/Payroll 10.37 8.07 13.97
Market Pension Debt/Employer Total Pension Contributions NA NA NA
Market Pension Debt/Total Revenues 2.79 1.32 1.47
Market Pension Debt/Tax Revenues 3.25 1.54 1.71
Actuarial Pension Debt/Household $40,219 $18,477 $21,742
Actuarial Pension Debt/Capita $10,272 $4,719 $5,553
Actuarial Pension Debt/Total Expenditures 0.68 0.31 0.37
Actuarial Pension Debt/Operating Expenditures 0.76 0.35 0.41
Actuarial Pension Debt/Payroll 2.40 1.81 3.32
Actuarial Pension Debt/Employer Total Pension Contribution NA NA NA
Actuarial Pension Debt/Total Revenues 0.64 0.30 0.35
Actuarial Pension Debt/Tax Revenues 0.75 0.34 0.41
Employer Total Pension Contribution
Employer Total Pension Contribution ($)/Total Expenditures NA NA NA
Employer Total Pension Contribution ($)/Operating Expenditures NA NA NA
Employer Total Pension Contribution ($)/Total Revenues NA NA NA
Employer Total Pension Contribution ($)/Tax Revenues NA NA NA
  • Variable

    Market Pension Debt/Household

    • CalPERS Plans

      $174,034

    • Miscellaneous

      $82,508

    • Safety Plan

      $91,526


  • Variable

    Market Pension Debt/Capita

    • CalPERS Plans

      $44,447

    • Miscellaneous

      $21,072

    • Safety Plan

      $23,375


  • Variable

    Market Pension Debt/Total Expenditures

    • CalPERS Plans

      2.95

    • Miscellaneous

      1.40

    • Safety Plan

      1.55


  • Variable

    Market Pension Debt/Operating Expenditures

    • CalPERS Plans

      3.31

    • Miscellaneous

      1.57

    • Safety Plan

      1.74


  • Variable

    Market Pension Debt/Payroll

    • CalPERS Plans

      10.37

    • Miscellaneous

      8.07

    • Safety Plan

      13.97


  • Variable

    Market Pension Debt/Employer Total Pension Contributions

    • CalPERS Plans

      NA

    • Miscellaneous

      NA

    • Safety Plan

      NA


  • Variable

    Market Pension Debt/Total Revenues

    • CalPERS Plans

      2.79

    • Miscellaneous

      1.32

    • Safety Plan

      1.47


  • Variable

    Market Pension Debt/Tax Revenues

    • CalPERS Plans

      3.25

    • Miscellaneous

      1.54

    • Safety Plan

      1.71


  • Variable

    Actuarial Pension Debt/Household

    • CalPERS Plans

      $40,219

    • Miscellaneous

      $18,477

    • Safety Plan

      $21,742


  • Variable

    Actuarial Pension Debt/Capita

    • CalPERS Plans

      $10,272

    • Miscellaneous

      $4,719

    • Safety Plan

      $5,553


  • Variable

    Actuarial Pension Debt/Total Expenditures

    • CalPERS Plans

      0.68

    • Miscellaneous

      0.31

    • Safety Plan

      0.37


  • Variable

    Actuarial Pension Debt/Operating Expenditures

    • CalPERS Plans

      0.76

    • Miscellaneous

      0.35

    • Safety Plan

      0.41


  • Variable

    Actuarial Pension Debt/Payroll

    • CalPERS Plans

      2.40

    • Miscellaneous

      1.81

    • Safety Plan

      3.32


  • Variable

    Actuarial Pension Debt/Employer Total Pension Contribution

    • CalPERS Plans

      NA

    • Miscellaneous

      NA

    • Safety Plan

      NA


  • Variable

    Actuarial Pension Debt/Total Revenues

    • CalPERS Plans

      0.64

    • Miscellaneous

      0.30

    • Safety Plan

      0.35


  • Variable

    Actuarial Pension Debt/Tax Revenues

    • CalPERS Plans

      0.75

    • Miscellaneous

      0.34

    • Safety Plan

      0.41


  • Variable

    Employer Total Pension Contribution ($)/Total Expenditures

    • CalPERS Plans

      NA

    • Miscellaneous

      NA

    • Safety Plan

      NA


  • Variable

    Employer Total Pension Contribution ($)/Operating Expenditures

    • CalPERS Plans

      NA

    • Miscellaneous

      NA

    • Safety Plan

      NA


  • Variable

    Employer Total Pension Contribution ($)/Total Revenues

    • CalPERS Plans

      NA

    • Miscellaneous

      NA

    • Safety Plan

      NA


  • Variable

    Employer Total Pension Contribution ($)/Tax Revenues

    • CalPERS Plans

      NA

    • Miscellaneous

      NA

    • Safety Plan

      NA


*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