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 Santa Fe Springs, 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 $520,477,519 $272,243,269 $248,234,250
Actuarial Liability $303,238,473 $160,187,601 $143,050,872
Value of Assets $203,975,271 $96,443,536 $107,531,735
Market Pension Debt $316,502,248 $175,799,733 $140,702,515
Actuarial Pension Debt $99,263,202 $63,744,065 $35,519,137
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

      $520,477,519

    • Miscellaneous

      $272,243,269

    • Safety Plan

      $248,234,250


  • Variable

    Actuarial Liability

    • CalPERS Plans

      $303,238,473

    • Miscellaneous

      $160,187,601

    • Safety Plan

      $143,050,872


  • Variable

    Value of Assets

    • CalPERS Plans

      $203,975,271

    • Miscellaneous

      $96,443,536

    • Safety Plan

      $107,531,735


  • Variable

    Market Pension Debt

    • CalPERS Plans

      $316,502,248

    • Miscellaneous

      $175,799,733

    • Safety Plan

      $140,702,515


  • Variable

    Actuarial Pension Debt

    • CalPERS Plans

      $99,263,202

    • Miscellaneous

      $63,744,065

    • Safety Plan

      $35,519,137


  • 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 39.2% 35.4% 43.3%
Actuarial Funded Ratio 67.3% 60.2% 75.2%
  • Variable

    Market Funded Ratio

    • CalPERS Plans

      39.2%

    • Miscellaneous

      35.4%

    • Safety Plan

      43.3%


  • Variable

    Actuarial Funded Ratio

    • CalPERS Plans

      67.3%

    • Miscellaneous

      60.2%

    • Safety Plan

      75.2%


*Recommended not to combine dollar and other categories.

Contributions

Variable CalPERS Plans Miscellaneous Safety Plan
Employer Total Contribution (%) 39.862% 39.862% NA
Employer Normal Cost Contribution (%) 8.370% 8.370% NA
Employer Other Contribution (%) 31.492% 31.492% NA
Employer Total Pension Contribution ($) $6,264,732 $3,515,467 NA
Employer Normal Cost Contribution ($) $1,315,433 $738,158 NA
Employer Other Contribution ($) $4,949,299 $2,777,309 NA
Employee Contribution (%) 8.485% 8.000% 9.105%
Employee Contribution ($) $1,333,517 $705,527 $627,989
Payroll $15,716,051 $8,819,093 $6,896,958
  • Variable

    Employer Total Contribution (%)

    • CalPERS Plans

      39.862%

    • Miscellaneous

      39.862%

    • Safety Plan

      NA


  • Variable

    Employer Normal Cost Contribution (%)

    • CalPERS Plans

      8.370%

    • Miscellaneous

      8.370%

    • Safety Plan

      NA


  • Variable

    Employer Other Contribution (%)

    • CalPERS Plans

      31.492%

    • Miscellaneous

      31.492%

    • Safety Plan

      NA


  • Variable

    Employer Total Pension Contribution ($)

    • CalPERS Plans

      $6,264,732

    • Miscellaneous

      $3,515,467

    • Safety Plan

      NA


  • Variable

    Employer Normal Cost Contribution ($)

    • CalPERS Plans

      $1,315,433

    • Miscellaneous

      $738,158

    • Safety Plan

      NA


  • Variable

    Employer Other Contribution ($)

    • CalPERS Plans

      $4,949,299

    • Miscellaneous

      $2,777,309

    • Safety Plan

      NA


  • Variable

    Employee Contribution (%)

    • CalPERS Plans

      8.485%

    • Miscellaneous

      8.000%

    • Safety Plan

      9.105%


  • Variable

    Employee Contribution ($)

    • CalPERS Plans

      $1,333,517

    • Miscellaneous

      $705,527

    • Safety Plan

      $627,989


  • Variable

    Payroll

    • CalPERS Plans

      $15,716,051

    • Miscellaneous

      $8,819,093

    • Safety Plan

      $6,896,958


*Recommended not to combine dollar and other categories.

Benefit Levels

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

    Benefit Formula

    • CalPERS Plans

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

    • Miscellaneous

      2% @ 55 Misc

    • Safety Plan

      3% @ 50; 2.7% @ 57 PEPRA Sfty; 3% @ 55


  • Variable

    Final Compensation Period

    • CalPERS Plans

      3; 1; 3

    • Miscellaneous

      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 161 109 52
Retired Members 294 200 94
Retired/Active Ratio 1.83 1.83 1.81
Average Annual Pay, Active Members $97,615 $80,909 $132,634
Average Annual Benefits, Retired Members and Beneficiaries $55,187 $43,320 $80,436
Average Attained Age, Retired Members and Beneficiaries 69.1 69.0 69.1
  • Variable

    Active Members

    • CalPERS Plans

      161

    • Miscellaneous

      109

    • Safety Plan

      52


  • Variable

    Retired Members

    • CalPERS Plans

      294

    • Miscellaneous

      200

    • Safety Plan

      94


  • Variable

    Retired/Active Ratio

    • CalPERS Plans

      1.83

    • Miscellaneous

      1.83

    • Safety Plan

      1.81


  • Variable

    Average Annual Pay, Active Members

    • CalPERS Plans

      $97,615

    • Miscellaneous

      $80,909

    • Safety Plan

      $132,634


  • Variable

    Average Annual Benefits, Retired Members and Beneficiaries

    • CalPERS Plans

      $55,187

    • Miscellaneous

      $43,320

    • Safety Plan

      $80,436


  • Variable

    Average Attained Age, Retired Members and Beneficiaries

    • CalPERS Plans

      69.1

    • Miscellaneous

      69.0

    • Safety Plan

      69.1


*Recommended not to combine dollar and other categories.

Agency Expenditure & Revenue

Variable CalPERS Plans
Total Expenditures $81,524,118
Operating Expenditures $60,215,344
Total Revenues $81,329,002
Tax Revenues $44,494,555
  • Variable

    Total Expenditures

    • CalPERS Plans

      $81,524,118

    • Miscellaneous

      $81,524,118

    • Safety Plan

      $81,524,118


  • Variable

    Operating Expenditures

    • CalPERS Plans

      $60,215,344

    • Miscellaneous

      $60,215,344

    • Safety Plan

      $60,215,344


  • Variable

    Total Revenues

    • CalPERS Plans

      $81,329,002

    • Miscellaneous

      $81,329,002

    • Safety Plan

      $81,329,002


  • Variable

    Tax Revenues

    • CalPERS Plans

      $44,494,555

    • Miscellaneous

      $44,494,555

    • Safety Plan

      $44,494,555


*Recommended not to combine dollar and other categories.

Agency Demographics

Variable CalPERS Plans
Population 18,026
Households 5,214
  • Variable

    Population

    • CalPERS Plans

      18,026

    • Miscellaneous

      18,026

    • Safety Plan

      18,026


  • Variable

    Households

    • CalPERS Plans

      5,214

    • Miscellaneous

      5,214

    • Safety Plan

      5,214


*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable CalPERS Plans Miscellaneous Safety Plan
Market Pension Debt/Household $60,702 $33,717 $26,986
Market Pension Debt/Capita $17,558 $9,753 $7,806
Market Pension Debt/Total Expenditures 3.88 2.16 1.73
Market Pension Debt/Operating Expenditures 5.26 2.92 2.34
Market Pension Debt/Payroll 20.14 19.93 20.40
Market Pension Debt/Employer Total Pension Contributions 50.52 50.01 NA
Market Pension Debt/Total Revenues 3.89 2.16 1.73
Market Pension Debt/Tax Revenues 7.11 3.95 3.16
Actuarial Pension Debt/Household $19,038 $12,226 $6,812
Actuarial Pension Debt/Capita $5,507 $3,536 $1,970
Actuarial Pension Debt/Total Expenditures 1.22 0.78 0.44
Actuarial Pension Debt/Operating Expenditures 1.65 1.06 0.59
Actuarial Pension Debt/Payroll 6.32 7.23 5.15
Actuarial Pension Debt/Employer Total Pension Contribution 15.84 18.13 NA
Actuarial Pension Debt/Total Revenues 1.22 0.78 0.44
Actuarial Pension Debt/Tax Revenues 2.23 1.43 0.80
Employer Total Pension Contribution
Employer Total Pension Contribution ($)/Total Expenditures 7.7% 4.3% NA
Employer Total Pension Contribution ($)/Operating Expenditures 10.4% 5.8% NA
Employer Total Pension Contribution ($)/Total Revenues 7.7% 4.3% NA
Employer Total Pension Contribution ($)/Tax Revenues 14.1% 7.9% NA
  • Variable

    Market Pension Debt/Household

    • CalPERS Plans

      $60,702

    • Miscellaneous

      $33,717

    • Safety Plan

      $26,986


  • Variable

    Market Pension Debt/Capita

    • CalPERS Plans

      $17,558

    • Miscellaneous

      $9,753

    • Safety Plan

      $7,806


  • Variable

    Market Pension Debt/Total Expenditures

    • CalPERS Plans

      3.88

    • Miscellaneous

      2.16

    • Safety Plan

      1.73


  • Variable

    Market Pension Debt/Operating Expenditures

    • CalPERS Plans

      5.26

    • Miscellaneous

      2.92

    • Safety Plan

      2.34


  • Variable

    Market Pension Debt/Payroll

    • CalPERS Plans

      20.14

    • Miscellaneous

      19.93

    • Safety Plan

      20.40


  • Variable

    Market Pension Debt/Employer Total Pension Contributions

    • CalPERS Plans

      50.52

    • Miscellaneous

      50.01

    • Safety Plan

      NA


  • Variable

    Market Pension Debt/Total Revenues

    • CalPERS Plans

      3.89

    • Miscellaneous

      2.16

    • Safety Plan

      1.73


  • Variable

    Market Pension Debt/Tax Revenues

    • CalPERS Plans

      7.11

    • Miscellaneous

      3.95

    • Safety Plan

      3.16


  • Variable

    Actuarial Pension Debt/Household

    • CalPERS Plans

      $19,038

    • Miscellaneous

      $12,226

    • Safety Plan

      $6,812


  • Variable

    Actuarial Pension Debt/Capita

    • CalPERS Plans

      $5,507

    • Miscellaneous

      $3,536

    • Safety Plan

      $1,970


  • Variable

    Actuarial Pension Debt/Total Expenditures

    • CalPERS Plans

      1.22

    • Miscellaneous

      0.78

    • Safety Plan

      0.44


  • Variable

    Actuarial Pension Debt/Operating Expenditures

    • CalPERS Plans

      1.65

    • Miscellaneous

      1.06

    • Safety Plan

      0.59


  • Variable

    Actuarial Pension Debt/Payroll

    • CalPERS Plans

      6.32

    • Miscellaneous

      7.23

    • Safety Plan

      5.15


  • Variable

    Actuarial Pension Debt/Employer Total Pension Contribution

    • CalPERS Plans

      15.84

    • Miscellaneous

      18.13

    • Safety Plan

      NA


  • Variable

    Actuarial Pension Debt/Total Revenues

    • CalPERS Plans

      1.22

    • Miscellaneous

      0.78

    • Safety Plan

      0.44


  • Variable

    Actuarial Pension Debt/Tax Revenues

    • CalPERS Plans

      2.23

    • Miscellaneous

      1.43

    • Safety Plan

      0.80


  • Variable

    Employer Total Pension Contribution ($)/Total Expenditures

    • CalPERS Plans

      7.7%

    • Miscellaneous

      4.3%

    • Safety Plan

      NA


  • Variable

    Employer Total Pension Contribution ($)/Operating Expenditures

    • CalPERS Plans

      10.4%

    • Miscellaneous

      5.8%

    • Safety Plan

      NA


  • Variable

    Employer Total Pension Contribution ($)/Total Revenues

    • CalPERS Plans

      7.7%

    • Miscellaneous

      4.3%

    • Safety Plan

      NA


  • Variable

    Employer Total Pension Contribution ($)/Tax Revenues

    • CalPERS Plans

      14.1%

    • Miscellaneous

      7.9%

    • Safety Plan

      NA


*Recommended not to combine dollar and other categories.

Pension Tracker

Stanford Institute for Economic Policy Research
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Stanford, CA  94305-6050
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