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.

County of Sierra, All CalPERS Plans

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Year:
Detailed Table

Assets, Liabilities and Unfunded Liabilities

Variable CalPERS Plans Miscellaneous Safety Plan
POB Liability $3,567,000 $3,567,000 $3,567,000
Market Liability $111,320,581 $83,749,904 $27,570,677
Actuarial Liability $67,183,643 $51,140,117 $16,043,526
Value of Assets $51,523,639 $38,738,034 $12,785,605
Market Pension Debt $59,796,942 $45,011,870 $14,785,072
Actuarial Pension Debt $15,660,004 $12,402,083 $3,257,921
Discount Rate for Market Liability 3.250% 3.250% 3.250%
  • Variable

    POB Liability

    • CalPERS Plans

      $3,567,000

    • Miscellaneous

      $3,567,000

    • Safety Plan

      $3,567,000


  • Variable

    Market Liability

    • CalPERS Plans

      $111,320,581

    • Miscellaneous

      $83,749,904

    • Safety Plan

      $27,570,677


  • Variable

    Actuarial Liability

    • CalPERS Plans

      $67,183,643

    • Miscellaneous

      $51,140,117

    • Safety Plan

      $16,043,526


  • Variable

    Value of Assets

    • CalPERS Plans

      $51,523,639

    • Miscellaneous

      $38,738,034

    • Safety Plan

      $12,785,605


  • Variable

    Market Pension Debt

    • CalPERS Plans

      $59,796,942

    • Miscellaneous

      $45,011,870

    • Safety Plan

      $14,785,072


  • Variable

    Actuarial Pension Debt

    • CalPERS Plans

      $15,660,004

    • Miscellaneous

      $12,402,083

    • Safety Plan

      $3,257,921


  • 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 46.3% 46.3% 46.4%
Actuarial Funded Ratio 76.7% 75.7% 79.7%
  • Variable

    Market Funded Ratio

    • CalPERS Plans

      46.3%

    • Miscellaneous

      46.3%

    • Safety Plan

      46.4%


  • Variable

    Actuarial Funded Ratio

    • CalPERS Plans

      76.7%

    • Miscellaneous

      75.7%

    • Safety Plan

      79.7%


*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 ($) NA NA NA
Employee Contribution (%) 8.039% 7.758% 9.563%
Employee Contribution ($) $429,202 $349,664 $79,537
Payroll $5,338,945 $4,507,243 $831,702
  • 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

      8.039%

    • Miscellaneous

      7.758%

    • Safety Plan

      9.563%


  • Variable

    Employee Contribution ($)

    • CalPERS Plans

      $429,202

    • Miscellaneous

      $349,664

    • Safety Plan

      $79,537


  • Variable

    Payroll

    • CalPERS Plans

      $5,338,945

    • Miscellaneous

      $4,507,243

    • Safety Plan

      $831,702


*Recommended not to combine dollar and other categories.

Benefit Levels

Variable CalPERS Plans Miscellaneous Safety Plan  
Benefit Formula 2.7% @ 55 Misc; 2% @ 62 PEPRA Misc; 3% @ 55; 2.7% @ 57 PEPRA Sfty 2.7% @ 55 Misc; 2% @ 62 PEPRA Misc 3% @ 55; 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

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

    • Miscellaneous

      2.7% @ 55 Misc; 2% @ 62 PEPRA Misc

    • Safety Plan

      3% @ 55; 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 100 87 13
Retired Members 166 135 31
Retired/Active Ratio 1.66 1.55 2.38
Average Annual Pay, Active Members $53,390 $51,808 $63,977
Average Annual Benefits, Retired Members and Beneficiaries $22,732 $21,245 $29,205
Average Attained Age, Retired Members and Beneficiaries 69.3 70.0 66.6
  • Variable

    Active Members

    • CalPERS Plans

      100

    • Miscellaneous

      87

    • Safety Plan

      13


  • Variable

    Retired Members

    • CalPERS Plans

      166

    • Miscellaneous

      135

    • Safety Plan

      31


  • Variable

    Retired/Active Ratio

    • CalPERS Plans

      1.66

    • Miscellaneous

      1.55

    • Safety Plan

      2.38


  • Variable

    Average Annual Pay, Active Members

    • CalPERS Plans

      $53,390

    • Miscellaneous

      $51,808

    • Safety Plan

      $63,977


  • Variable

    Average Annual Benefits, Retired Members and Beneficiaries

    • CalPERS Plans

      $22,732

    • Miscellaneous

      $21,245

    • Safety Plan

      $29,205


  • Variable

    Average Attained Age, Retired Members and Beneficiaries

    • CalPERS Plans

      69.3

    • Miscellaneous

      70.0

    • Safety Plan

      66.6


*Recommended not to combine dollar and other categories.

Agency Expenditure & Revenue

Variable CalPERS Plans
Total Expenditures $14,864,752
Operating Expenditures $-13,222,655
Total Revenues $16,893,626
Tax Revenues $3,794,759
  • Variable

    Total Expenditures

    • CalPERS Plans

      $14,864,752

    • Miscellaneous

      $14,864,752

    • Safety Plan

      $14,864,752


  • Variable

    Operating Expenditures

    • CalPERS Plans

      $-13,222,655

    • Miscellaneous

      $-13,222,655

    • Safety Plan

      $-13,222,655


  • Variable

    Total Revenues

    • CalPERS Plans

      $16,893,626

    • Miscellaneous

      $16,893,626

    • Safety Plan

      $16,893,626


  • Variable

    Tax Revenues

    • CalPERS Plans

      $3,794,759

    • Miscellaneous

      $3,794,759

    • Safety Plan

      $3,794,759


*Recommended not to combine dollar and other categories.

Agency Demographics

Variable CalPERS Plans
Population 2,967
Households 1,433
  • Variable

    Population

    • CalPERS Plans

      2,967

    • Miscellaneous

      2,967

    • Safety Plan

      2,967


  • Variable

    Households

    • CalPERS Plans

      1,433

    • Miscellaneous

      1,433

    • Safety Plan

      1,433


*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable CalPERS Plans Miscellaneous Safety Plan
Market Pension Debt/Household $41,729 $31,411 $10,318
Market Pension Debt/Capita $20,154 $15,171 $4,983
Market Pension Debt/Total Expenditures 4.02 3.03 0.99
Market Pension Debt/Operating Expenditures -4.52 -3.40 -1.12
Market Pension Debt/Payroll 11.20 9.99 17.78
Market Pension Debt/Employer Total Pension Contributions NA NA NA
Market Pension Debt/Total Revenues 3.54 2.66 0.88
Market Pension Debt/Tax Revenues 15.76 11.86 3.90
Actuarial Pension Debt/Household $10,928 $8,655 $2,273
Actuarial Pension Debt/Capita $5,278 $4,180 $1,098
Actuarial Pension Debt/Total Expenditures 1.05 0.83 0.22
Actuarial Pension Debt/Operating Expenditures -1.18 -0.94 -0.25
Actuarial Pension Debt/Payroll 2.93 2.75 3.92
Actuarial Pension Debt/Employer Total Pension Contribution NA NA NA
Actuarial Pension Debt/Total Revenues 0.93 0.73 0.19
Actuarial Pension Debt/Tax Revenues 4.13 3.27 0.86
Employer Total Pension Contribution
Employer Total Pension Contribution ($)/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

      $41,729

    • Miscellaneous

      $31,411

    • Safety Plan

      $10,318


  • Variable

    Market Pension Debt/Capita

    • CalPERS Plans

      $20,154

    • Miscellaneous

      $15,171

    • Safety Plan

      $4,983


  • Variable

    Market Pension Debt/Total Expenditures

    • CalPERS Plans

      4.02

    • Miscellaneous

      3.03

    • Safety Plan

      0.99


  • Variable

    Market Pension Debt/Operating Expenditures

    • CalPERS Plans

      -4.52

    • Miscellaneous

      -3.40

    • Safety Plan

      -1.12


  • Variable

    Market Pension Debt/Payroll

    • CalPERS Plans

      11.20

    • Miscellaneous

      9.99

    • Safety Plan

      17.78


  • Variable

    Market Pension Debt/Employer Total Pension Contributions

    • CalPERS Plans

      NA

    • Miscellaneous

      NA

    • Safety Plan

      NA


  • Variable

    Market Pension Debt/Total Revenues

    • CalPERS Plans

      3.54

    • Miscellaneous

      2.66

    • Safety Plan

      0.88


  • Variable

    Market Pension Debt/Tax Revenues

    • CalPERS Plans

      15.76

    • Miscellaneous

      11.86

    • Safety Plan

      3.90


  • Variable

    Actuarial Pension Debt/Household

    • CalPERS Plans

      $10,928

    • Miscellaneous

      $8,655

    • Safety Plan

      $2,273


  • Variable

    Actuarial Pension Debt/Capita

    • CalPERS Plans

      $5,278

    • Miscellaneous

      $4,180

    • Safety Plan

      $1,098


  • Variable

    Actuarial Pension Debt/Total Expenditures

    • CalPERS Plans

      1.05

    • Miscellaneous

      0.83

    • Safety Plan

      0.22


  • Variable

    Actuarial Pension Debt/Operating Expenditures

    • CalPERS Plans

      -1.18

    • Miscellaneous

      -0.94

    • Safety Plan

      -0.25


  • Variable

    Actuarial Pension Debt/Payroll

    • CalPERS Plans

      2.93

    • Miscellaneous

      2.75

    • Safety Plan

      3.92


  • Variable

    Actuarial Pension Debt/Employer Total Pension Contribution

    • CalPERS Plans

      NA

    • Miscellaneous

      NA

    • Safety Plan

      NA


  • Variable

    Actuarial Pension Debt/Total Revenues

    • CalPERS Plans

      0.93

    • Miscellaneous

      0.73

    • Safety Plan

      0.19


  • Variable

    Actuarial Pension Debt/Tax Revenues

    • CalPERS Plans

      4.13

    • Miscellaneous

      3.27

    • Safety Plan

      0.86


  • 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