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 San Francisco, All Independent Plans

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Year:
Detailed Table

Assets, Liabilities and Unfunded Liabilities

Variable San Francisco City and County Employees' Retirement System Independent Plans
POB Liability NA NA
Market Liability $40,405,051,636 $40,405,051,636
Actuarial Liability $22,970,900,000 $22,970,900,000
Value of Assets $20,428,100,000 $20,428,100,000
Market Pension Debt $19,976,951,636 $19,976,951,636
Actuarial Pension Debt $2,542,800,000 $2,542,800,000
Discount Rate for Market Liability 3.250% 3.250%
  • Variable

    POB Liability


    • San Francisco City and County Employees' Retirement System

      NA

    • Independent Plans

      NA


  • Variable

    Market Liability


    • San Francisco City and County Employees' Retirement System

      $40,405,051,636

    • Independent Plans

      $40,405,051,636


  • Variable

    Actuarial Liability


    • San Francisco City and County Employees' Retirement System

      $22,970,900,000

    • Independent Plans

      $22,970,900,000


  • Variable

    Value of Assets


    • San Francisco City and County Employees' Retirement System

      $20,428,100,000

    • Independent Plans

      $20,428,100,000


  • Variable

    Market Pension Debt


    • San Francisco City and County Employees' Retirement System

      $19,976,951,636

    • Independent Plans

      $19,976,951,636


  • Variable

    Actuarial Pension Debt


    • San Francisco City and County Employees' Retirement System

      $2,542,800,000

    • Independent Plans

      $2,542,800,000


  • Variable

    Discount Rate for Market Liability


    • San Francisco City and County Employees' Retirement System

      3.250%

    • Independent Plans

      3.250%


*Recommended not to combine dollar and other categories.

Funded Ratios

Variable San Francisco City and County Employees' Retirement System Independent Plans
Market Funded Ratio 50.6% 50.6%
Actuarial Funded Ratio 88.9% 88.9%
  • Variable

    Market Funded Ratio


    • San Francisco City and County Employees' Retirement System

      50.6%

    • Independent Plans

      50.6%


  • Variable

    Actuarial Funded Ratio


    • San Francisco City and County Employees' Retirement System

      88.9%

    • Independent Plans

      88.9%


*Recommended not to combine dollar and other categories.

Contributions

Variable San Francisco City and County Employees' Retirement System Independent Plans
Employer Total Contribution (%) 22.800% 22.800%
Employer Normal Cost Contribution (%) 11.290% 11.290%
Employer Other Contribution (%) 11.510% 11.510%
Employer Total Pension Contribution ($) $64,318,800 $64,318,800
Employer Normal Cost Contribution ($) $31,849,090 $31,849,090
Employer Other Contribution ($) $32,469,710 $32,469,710
Employee Contribution (%) 7.540% 7.540%
Employee Contribution ($) $21,270,340 $21,270,340
Payroll $282,100,000 $282,100,000
  • Variable

    Employer Total Contribution (%)


    • San Francisco City and County Employees' Retirement System

      22.800%

    • Independent Plans

      22.800%


  • Variable

    Employer Normal Cost Contribution (%)


    • San Francisco City and County Employees' Retirement System

      11.290%

    • Independent Plans

      11.290%


  • Variable

    Employer Other Contribution (%)


    • San Francisco City and County Employees' Retirement System

      11.510%

    • Independent Plans

      11.510%


  • Variable

    Employer Total Pension Contribution ($)


    • San Francisco City and County Employees' Retirement System

      $64,318,800

    • Independent Plans

      $64,318,800


  • Variable

    Employer Normal Cost Contribution ($)


    • San Francisco City and County Employees' Retirement System

      $31,849,090

    • Independent Plans

      $31,849,090


  • Variable

    Employer Other Contribution ($)


    • San Francisco City and County Employees' Retirement System

      $32,469,710

    • Independent Plans

      $32,469,710


  • Variable

    Employee Contribution (%)


    • San Francisco City and County Employees' Retirement System

      7.540%

    • Independent Plans

      7.540%


  • Variable

    Employee Contribution ($)


    • San Francisco City and County Employees' Retirement System

      $21,270,340

    • Independent Plans

      $21,270,340


  • Variable

    Payroll


    • San Francisco City and County Employees' Retirement System

      $282,100,000

    • Independent Plans

      $282,100,000


*Recommended not to combine dollar and other categories.

Benefit Levels

Variable San Francisco City and County Employees' Retirement System Independent Plans  
Benefit Formula NA NA  
Final Compensation Period 1; 3 1; 3  
COLA (%) NA NA  
Sick Leave Credit N N  
  • Variable

    Benefit Formula


    • San Francisco City and County Employees' Retirement System

      NA

    • Independent Plans

      NA


  • Variable

    Final Compensation Period


    • San Francisco City and County Employees' Retirement System

      1; 3

    • Independent Plans

      1; 3


  • Variable

    COLA (%)


    • San Francisco City and County Employees' Retirement System

      NA

    • Independent Plans

      NA


  • Variable

    Sick Leave Credit


    • San Francisco City and County Employees' Retirement System

      N

    • Independent Plans

      N


Employee and Retiree Demographics

Variable San Francisco City and County Employees' Retirement System Independent Plans
Active Members 30,387 30,387
Retired Members 27,485 27,485
Retired/Active Ratio 0.90 0.90
Average Annual Pay, Active Members $91,500 $91,500
Average Annual Benefits, Retired Members and Beneficiaries $42,528 $42,528
Average Attained Age, Retired Members and Beneficiaries 70.9 70.9
  • Variable

    Active Members


    • San Francisco City and County Employees' Retirement System

      30,387

    • Independent Plans

      30,387


  • Variable

    Retired Members


    • San Francisco City and County Employees' Retirement System

      27,485

    • Independent Plans

      27,485


  • Variable

    Retired/Active Ratio


    • San Francisco City and County Employees' Retirement System

      0.90

    • Independent Plans

      0.90


  • Variable

    Average Annual Pay, Active Members


    • San Francisco City and County Employees' Retirement System

      $91,500

    • Independent Plans

      $91,500


  • Variable

    Average Annual Benefits, Retired Members and Beneficiaries


    • San Francisco City and County Employees' Retirement System

      $42,528

    • Independent Plans

      $42,528


  • Variable

    Average Attained Age, Retired Members and Beneficiaries


    • San Francisco City and County Employees' Retirement System

      70.9

    • Independent Plans

      70.9


*Recommended not to combine dollar and other categories.

Agency Expenditure & Revenue

Variable San Francisco City and County Employees' Retirement System Independent Plans
Total Expenditures $10,143,617,882 $10,143,617,882
Operating Expenditures $7,001,799,365 $7,001,799,365
Total Revenues $10,151,614,022 $10,151,614,022
Tax Revenues $3,408,986,735 $3,408,986,735
  • Variable

    Total Expenditures


    • San Francisco City and County Employees' Retirement System

      $10,143,617,882

    • Independent Plans

      $10,143,617,882


  • Variable

    Operating Expenditures


    • San Francisco City and County Employees' Retirement System

      $7,001,799,365

    • Independent Plans

      $7,001,799,365


  • Variable

    Total Revenues


    • San Francisco City and County Employees' Retirement System

      $10,151,614,022

    • Independent Plans

      $10,151,614,022


  • Variable

    Tax Revenues


    • San Francisco City and County Employees' Retirement System

      $3,408,986,735

    • Independent Plans

      $3,408,986,735


*Recommended not to combine dollar and other categories.

Agency Demographics

Variable San Francisco City and County Employees' Retirement System Independent Plans
Population 864,816 864,816
Households 358,000 358,000
  • Variable

    Population


    • San Francisco City and County Employees' Retirement System

      864,816

    • Independent Plans

      864,816


  • Variable

    Households


    • San Francisco City and County Employees' Retirement System

      358,000

    • Independent Plans

      358,000


*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable San Francisco City and County Employees' Retirement System Independent Plans
Market Pension Debt/Household $55,802 $55,802
Market Pension Debt/Capita $23,100 $23,100
Market Pension Debt/Total Expenditures 1.97 1.97
Market Pension Debt/Operating Expenditures 2.85 2.85
Market Pension Debt/Payroll 70.82 70.82
Market Pension Debt/Employer Total Pension Contributions 310.59 310.59
Market Pension Debt/Total Revenues 1.97 1.97
Market Pension Debt/Tax Revenues 5.86 5.86
Actuarial Pension Debt/Household $7,103 $7,103
Actuarial Pension Debt/Capita $2,940 $2,940
Actuarial Pension Debt/Total Expenditures 0.25 0.25
Actuarial Pension Debt/Operating Expenditures 0.36 0.36
Actuarial Pension Debt/Payroll 9.01 9.01
Actuarial Pension Debt/Employer Total Pension Contribution 39.53 39.53
Actuarial Pension Debt/Total Revenues 0.25 0.25
Actuarial Pension Debt/Tax Revenues 0.75 0.75
Employer Total Pension Contribution
Employer Total Pension Contribution ($)/Total Expenditures 0.6% 0.6%
Employer Total Pension Contribution ($)/Operating Expenditures 0.9% 0.9%
Employer Total Pension Contribution ($)/Total Revenues 0.6% 0.6%
Employer Total Pension Contribution ($)/Tax Revenues 1.9% 1.9%
  • Variable

    Market Pension Debt/Household


    • San Francisco City and County Employees' Retirement System

      $55,802

    • Independent Plans

      $55,802


  • Variable

    Market Pension Debt/Capita


    • San Francisco City and County Employees' Retirement System

      $23,100

    • Independent Plans

      $23,100


  • Variable

    Market Pension Debt/Total Expenditures


    • San Francisco City and County Employees' Retirement System

      1.97

    • Independent Plans

      1.97


  • Variable

    Market Pension Debt/Operating Expenditures


    • San Francisco City and County Employees' Retirement System

      2.85

    • Independent Plans

      2.85


  • Variable

    Market Pension Debt/Payroll


    • San Francisco City and County Employees' Retirement System

      70.82

    • Independent Plans

      70.82


  • Variable

    Market Pension Debt/Employer Total Pension Contributions


    • San Francisco City and County Employees' Retirement System

      310.59

    • Independent Plans

      310.59


  • Variable

    Market Pension Debt/Total Revenues


    • San Francisco City and County Employees' Retirement System

      1.97

    • Independent Plans

      1.97


  • Variable

    Market Pension Debt/Tax Revenues


    • San Francisco City and County Employees' Retirement System

      5.86

    • Independent Plans

      5.86


  • Variable

    Actuarial Pension Debt/Household


    • San Francisco City and County Employees' Retirement System

      $7,103

    • Independent Plans

      $7,103


  • Variable

    Actuarial Pension Debt/Capita


    • San Francisco City and County Employees' Retirement System

      $2,940

    • Independent Plans

      $2,940


  • Variable

    Actuarial Pension Debt/Total Expenditures


    • San Francisco City and County Employees' Retirement System

      0.25

    • Independent Plans

      0.25


  • Variable

    Actuarial Pension Debt/Operating Expenditures


    • San Francisco City and County Employees' Retirement System

      0.36

    • Independent Plans

      0.36


  • Variable

    Actuarial Pension Debt/Payroll


    • San Francisco City and County Employees' Retirement System

      9.01

    • Independent Plans

      9.01


  • Variable

    Actuarial Pension Debt/Employer Total Pension Contribution


    • San Francisco City and County Employees' Retirement System

      39.53

    • Independent Plans

      39.53


  • Variable

    Actuarial Pension Debt/Total Revenues


    • San Francisco City and County Employees' Retirement System

      0.25

    • Independent Plans

      0.25


  • Variable

    Actuarial Pension Debt/Tax Revenues


    • San Francisco City and County Employees' Retirement System

      0.75

    • Independent Plans

      0.75


  • Variable

    Employer Total Pension Contribution ($)/Total Expenditures


    • San Francisco City and County Employees' Retirement System

      0.6%

    • Independent Plans

      0.6%


  • Variable

    Employer Total Pension Contribution ($)/Operating Expenditures


    • San Francisco City and County Employees' Retirement System

      0.9%

    • Independent Plans

      0.9%


  • Variable

    Employer Total Pension Contribution ($)/Total Revenues


    • San Francisco City and County Employees' Retirement System

      0.6%

    • Independent Plans

      0.6%


  • Variable

    Employer Total Pension Contribution ($)/Tax Revenues


    • San Francisco City and County Employees' Retirement System

      1.9%

    • Independent Plans

      1.9%


*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