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 Beverly Hills, All Plans, Including POB

PDF Excel Excel
Plan : From year: to
Detailed Table

Assets, Liabilities and Unfunded Liabilities

Variable 2013 2014 2015
POB Liability NA NA NA
Market Liability $1,106,577,643 $1,151,465,978 $1,293,668,492
Actuarial Liability $671,347,835 $735,041,813 $763,506,209
Value of Assets $479,612,423 $552,246,311 $551,554,459
Market Pension Debt $626,965,220 $599,219,667 $742,114,033
Actuarial Pension Debt $191,735,412 $182,795,502 $211,951,750
Discount Rate for Market Liability 3.723% 3.750% 3.250%
  • Variable

    Market Liability


    • 2015

      $1,293,668,492

    • 2014

      $1,151,465,978

    • 2013

      $1,106,577,643

    • 2012

      $1,208,105,869

    • 2011

      $887,333,719

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Liability


    • 2015

      $763,506,209

    • 2014

      $735,041,813

    • 2013

      $671,347,835

    • 2012

      $648,371,226

    • 2011

      $610,137,193

    • 2010

      $568,756,756

    • 2009

      $540,425,886

    • 2008

      $484,954,794

  • Variable

    Value of Assets


    • 2015

      $551,554,459

    • 2014

      $552,246,311

    • 2013

      $479,612,423

    • 2012

      $435,455,268

    • 2011

      $445,654,798

    • 2010

      $374,101,955

    • 2009

      $333,286,686

    • 2008

      $447,616,876

  • Variable

    Market Pension Debt


    • 2015

      $742,114,033

    • 2014

      $599,219,667

    • 2013

      $626,965,220

    • 2012

      $772,650,601

    • 2011

      $441,678,921

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Pension Debt


    • 2015

      $211,951,750

    • 2014

      $182,795,502

    • 2013

      $191,735,412

    • 2012

      $212,915,958

    • 2011

      $164,482,395

    • 2010

      $194,654,801

    • 2009

      $207,139,200

    • 2008

      $37,337,918

  • Variable

    Discount Rate for Market Liability


    • 2015

      3.250%

    • 2014

      3.750%

    • 2013

      3.723%

    • 2012

      2.980%

    • 2011

      4.820%

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

*Recommended not to combine dollar and other categories.

Funded Ratios

Variable 2013 2014 2015
Market Funded Ratio 43.3% 48.0% 42.6%
Actuarial Funded Ratio 71.4% 75.1% 72.2%
  • Variable

    Market Funded Ratio


    • 2015

      42.6%

    • 2014

      48.0%

    • 2013

      43.3%

    • 2012

      36.0%

    • 2011

      50.2%

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Funded Ratio


    • 2015

      72.2%

    • 2014

      75.1%

    • 2013

      71.4%

    • 2012

      67.2%

    • 2011

      73.0%

    • 2010

      65.8%

    • 2009

      61.7%

    • 2008

      92.3%

*Recommended not to combine dollar and other categories.

Contributions

Variable 2013 2014 2015
Employer Total Contribution (%) 21.160% 22.990% 24.777%
Employer Normal Cost Contribution (%) 12.091% 12.602% 12.135%
Employer Other Contribution (%) 9.069% 10.388% 12.642%
Employer Total Pension Contribution ($) $13,725,229 $15,243,096 $17,456,906
Employer Normal Cost Contribution ($) $7,842,536 $8,355,282 $8,549,901
Employer Other Contribution ($) $5,882,692 $6,887,814 $8,907,006
Employee Contribution (%) 8.383% 8.352% 8.366%
Employee Contribution ($) $5,437,333 $5,537,714 $5,894,171
Payroll $64,865,135 $66,302,646 $70,456,672
  • Variable

    Employer Total Contribution (%)


    • 2015

      24.777%

    • 2014

      22.990%

    • 2013

      21.160%

    • 2012

      21.048%

    • 2011

      16.748%

    • 2010

      16.374%

    • 2009

      15.274%

    • 2008

      14.993%

  • Variable

    Employer Normal Cost Contribution (%)


    • 2015

      12.135%

    • 2014

      12.602%

    • 2013

      12.091%

    • 2012

      12.206%

    • 2011

      11.695%

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Other Contribution (%)


    • 2015

      12.642%

    • 2014

      10.388%

    • 2013

      9.069%

    • 2012

      8.841%

    • 2011

      5.053%

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Total Pension Contribution ($)


    • 2015

      $17,456,906

    • 2014

      $15,243,096

    • 2013

      $13,725,229

    • 2012

      $14,024,135

    • 2011

      $10,770,538

    • 2010

      $10,792,030

    • 2009

      $9,801,075

    • 2008

      $9,080,961

  • Variable

    Employer Normal Cost Contribution ($)


    • 2015

      $8,549,901

    • 2014

      $8,355,282

    • 2013

      $7,842,536

    • 2012

      $8,133,108

    • 2011

      $7,520,882

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Other Contribution ($)


    • 2015

      $8,907,006

    • 2014

      $6,887,814

    • 2013

      $5,882,692

    • 2012

      $5,891,026

    • 2011

      $3,249,656

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employee Contribution (%)


    • 2015

      8.366%

    • 2014

      8.352%

    • 2013

      8.383%

    • 2012

      8.397%

    • 2011

      8.417%

    • 2010

      8.412%

    • 2009

      8.401%

    • 2008

      8.401%

  • Variable

    Employee Contribution ($)


    • 2015

      $5,894,171

    • 2014

      $5,537,714

    • 2013

      $5,437,333

    • 2012

      $5,594,791

    • 2011

      $5,412,763

    • 2010

      $5,543,938

    • 2009

      $5,390,675

    • 2008

      $5,088,319

  • Variable

    Payroll


    • 2015

      $70,456,672

    • 2014

      $66,302,646

    • 2013

      $64,865,135

    • 2012

      $66,630,537

    • 2011

      $64,308,307

    • 2010

      $65,907,789

    • 2009

      $64,166,983

    • 2008

      $60,569,527

*Recommended not to combine dollar and other categories.

Benefit Levels

Variable 2013 2014 2015  
Benefit Formula 2% @ 55; 2.5% @ 55; 3% @ 50 2% @ 55; 2.5% @ 55; 2% @ 62; 3% @ 50; 3% @ 55 2% @ 62 PEPRA Misc; 2.7% @ 57 PEPRA Sfty  
Final Compensation Period 1; 1 1; 3; 1; 3 3; 3  
COLA (%) 2; 2 NA NA  
Sick Leave Credit NA NA NA  
  • Variable

    Benefit Formula


    • 2015

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

    • 2014

      2% @ 55; 2.5% @ 55; 2% @ 62; 3% @ 50; 3% @ 55

    • 2013

      2% @ 55; 2.5% @ 55; 3% @ 50

    • 2012

      2% @ 55; 2.5% @ 55; 3% @ 50

    • 2011

      2% @ 55; 2.5% @ 55; 3% @ 50

    • 2010

      2% @ 55; 2.5% @ 55; 3% @ 50

    • 2009

      2% @ 55; 2.5% @ 55; 3% @ 50

    • 2008

      2% @ 55; 2.5% @ 55; 3% @ 50

  • Variable

    Final Compensation Period


    • 2015

      3; 3

    • 2014

      1; 3; 1; 3

    • 2013

      1; 1

    • 2012

      1; 1

    • 2011

      1; 1

    • 2010

      1; 1

    • 2009

      1; 1

    • 2008

      1; 1

  • Variable

    COLA (%)


    • 2015

      NA

    • 2014

      NA

    • 2013

      2; 2

    • 2012

      2; 2

    • 2011

      2; 2

    • 2010

      2; 2

    • 2009

      0; 0

    • 2008

      2; 2

  • Variable

    Sick Leave Credit


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

Employee and Retiree Demographics

Variable 2013 2014 2015
Active Members 776 793 840
Retired Members 849 862 872
Retired/Active Ratio 1.09 1.09 1.04
Average Annual Pay, Active Members $83,589 $83,610 $83,877
Average Annual Benefits, Retired Members and Beneficiaries $38,703 $40,021 $41,031
Average Attained Age, Retired Members and Beneficiaries 70.2 70.2 70.5
  • Variable

    Active Members


    • 2015

      840

    • 2014

      793

    • 2013

      776

    • 2012

      783

    • 2011

      778

    • 2010

      843

    • 2009

      850

    • 2008

      827

  • Variable

    Retired Members


    • 2015

      872

    • 2014

      862

    • 2013

      849

    • 2012

      826

    • 2011

      796

    • 2010

      742

    • 2009

      727

    • 2008

      711

  • Variable

    Retired/Active Ratio


    • 2015

      1.04

    • 2014

      1.09

    • 2013

      1.09

    • 2012

      1.05

    • 2011

      1.02

    • 2010

      0.88

    • 2009

      0.86

    • 2008

      0.86

  • Variable

    Average Annual Pay, Active Members


    • 2015

      $83,877

    • 2014

      $83,610

    • 2013

      $83,589

    • 2012

      $85,097

    • 2011

      $82,659

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Average Annual Benefits, Retired Members and Beneficiaries


    • 2015

      $41,031

    • 2014

      $40,021

    • 2013

      $38,703

    • 2012

      $36,454

    • 2011

      $34,303

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Average Attained Age, Retired Members and Beneficiaries


    • 2015

      70.5

    • 2014

      70.2

    • 2013

      70.2

    • 2012

      70.0

    • 2011

      69.9

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

*Recommended not to combine dollar and other categories.

Agency Expenditure & Revenue

Variable 2013 2014 2015
Total Expenditures $252,702,895 $248,155,000 $268,568,311
Operating Expenditures $187,365,897 $195,041,326 $240,824,871
Total Revenues $287,245,958 $294,527,122 $330,402,174
Tax Revenues $147,769,172 $159,335,086 $173,377,071
  • Variable

    Total Expenditures


    • 2015

      $268,568,311

    • 2014

      $248,155,000

    • 2013

      $252,702,895

    • 2012

      $222,927,028

    • 2011

      $253,193,539

    • 2010

      $221,326,903

    • 2009

      $241,349,896

    • 2008

      $268,322,635

  • Variable

    Operating Expenditures


    • 2015

      $240,824,871

    • 2014

      $195,041,326

    • 2013

      $187,365,897

    • 2012

      $178,280,705

    • 2011

      $179,927,766

    • 2010

      $164,074,381

    • 2009

      $174,240,130

    • 2008

      $163,941,844

  • Variable

    Total Revenues


    • 2015

      $330,402,174

    • 2014

      $294,527,122

    • 2013

      $287,245,958

    • 2012

      $273,426,217

    • 2011

      $264,514,752

    • 2010

      $267,936,227

    • 2009

      $237,436,244

    • 2008

      $266,771,245

  • Variable

    Tax Revenues


    • 2015

      $173,377,071

    • 2014

      $159,335,086

    • 2013

      $147,769,172

    • 2012

      $136,425,005

    • 2011

      $130,084,045

    • 2010

      $125,444,154

    • 2009

      $129,539,411

    • 2008

      $137,463,673

*Recommended not to combine dollar and other categories.

Agency Demographics

Variable 2013 2014 2015
Population 34,738 34,795 34,869
Households 7,454 14,816 14,813
  • Variable

    Population


    • 2015

      34,869

    • 2014

      34,795

    • 2013

      34,738

    • 2012

      34,623

    • 2011

      34,450

    • 2010

      34,233

    • 2009

      34,082

    • 2008

      33,962

  • Variable

    Households


    • 2015

      14,813

    • 2014

      14,816

    • 2013

      7,454

    • 2012

      14,901

    • 2011

      14,883

    • 2010

      14,876

    • 2009

      14,892

    • 2008

      14,890

*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable 2013 2014 2015
Market Pension Debt
Market Pension Debt/Household $84,111 $40,444 $50,099
Market Pension Debt/Capita $18,049 $17,221 $21,283
Market Pension Debt/Total Expenditures 2.48 2.41 2.76
Market Pension Debt/Operating Expenditures 3.35 3.07 3.08
Market Pension Debt/Payroll 9.67 9.04 10.53
Market Pension Debt/Employer Total Pension Contributions 45.68 39.31 42.51
Market Pension Debt/Total Revenues 2.18 2.03 2.25
Market Pension Debt/Tax Revenues 4.24 3.76 4.28
Actuarial Pension Debt
Actuarial Pension Debt/Household $25,722 $12,338 $14,308
Actuarial Pension Debt/Capita $5,520 $5,253 $6,079
Actuarial Pension Debt/Total Expenditures 0.76 0.74 0.79
Actuarial Pension Debt/Operating Expenditures 1.02 0.94 0.88
Actuarial Pension Debt/Payroll 2.96 2.76 3.01
Actuarial Pension Debt/Employer Total Pension Contribution 13.97 11.99 12.14
Actuarial Pension Debt/Total Revenues 0.67 0.62 0.64
Actuarial Pension Debt/Tax Revenues 1.30 1.15 1.22
Employer Total Pension Contribution
Employer Total Pension Contribution ($)/Total Expenditures 5.4% 6.1% 6.5%
Employer Total Pension Contribution ($)/Operating Expenditures 7.3% 7.8% 7.2%
Employer Total Pension Contribution ($)/Total Revenues 4.8% 5.2% 5.3%
Employer Total Pension Contribution ($)/Tax Revenues 9.3% 9.6% 10.1%
  • Variable

    Market Pension Debt/Household


    • 2015

      $50,099

    • 2014

      $40,444

    • 2013

      $84,111

    • 2012

      $51,852

    • 2011

      $29,678

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Capita


    • 2015

      $21,283

    • 2014

      $17,221

    • 2013

      $18,049

    • 2012

      $22,316

    • 2011

      $12,821

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Total Expenditures


    • 2015

      2.76

    • 2014

      2.41

    • 2013

      2.48

    • 2012

      3.47

    • 2011

      1.74

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Operating Expenditures


    • 2015

      3.08

    • 2014

      3.07

    • 2013

      3.35

    • 2012

      4.33

    • 2011

      2.45

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Payroll


    • 2015

      10.53

    • 2014

      9.04

    • 2013

      9.67

    • 2012

      11.60

    • 2011

      6.87

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Employer Total Pension Contributions


    • 2015

      42.51

    • 2014

      39.31

    • 2013

      45.68

    • 2012

      55.09

    • 2011

      41.01

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Total Revenues


    • 2015

      2.25

    • 2014

      2.03

    • 2013

      2.18

    • 2012

      2.83

    • 2011

      1.67

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Tax Revenues


    • 2015

      4.28

    • 2014

      3.76

    • 2013

      4.24

    • 2012

      5.66

    • 2011

      3.40

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Pension Debt/Household


    • 2015

      $14,308

    • 2014

      $12,338

    • 2013

      $25,722

    • 2012

      $14,289

    • 2011

      $11,052

    • 2010

      $13,085

    • 2009

      $13,910

    • 2008

      $2,508

  • Variable

    Actuarial Pension Debt/Capita


    • 2015

      $6,079

    • 2014

      $5,253

    • 2013

      $5,520

    • 2012

      $6,150

    • 2011

      $4,775

    • 2010

      $5,686

    • 2009

      $6,078

    • 2008

      $1,099

  • Variable

    Actuarial Pension Debt/Total Expenditures


    • 2015

      0.79

    • 2014

      0.74

    • 2013

      0.76

    • 2012

      0.96

    • 2011

      0.65

    • 2010

      0.88

    • 2009

      0.86

    • 2008

      0.14

  • Variable

    Actuarial Pension Debt/Operating Expenditures


    • 2015

      0.88

    • 2014

      0.94

    • 2013

      1.02

    • 2012

      1.19

    • 2011

      0.91

    • 2010

      1.19

    • 2009

      1.19

    • 2008

      0.23

  • Variable

    Actuarial Pension Debt/Payroll


    • 2015

      3.01

    • 2014

      2.76

    • 2013

      2.96

    • 2012

      3.20

    • 2011

      2.56

    • 2010

      2.95

    • 2009

      3.23

    • 2008

      0.62

  • Variable

    Actuarial Pension Debt/Employer Total Pension Contribution


    • 2015

      12.14

    • 2014

      11.99

    • 2013

      13.97

    • 2012

      15.18

    • 2011

      15.27

    • 2010

      18.04

    • 2009

      21.13

    • 2008

      4.11

  • Variable

    Actuarial Pension Debt/Total Revenues


    • 2015

      0.64

    • 2014

      0.62

    • 2013

      0.67

    • 2012

      0.78

    • 2011

      0.62

    • 2010

      0.73

    • 2009

      0.87

    • 2008

      0.14

  • Variable

    Actuarial Pension Debt/Tax Revenues


    • 2015

      1.22

    • 2014

      1.15

    • 2013

      1.30

    • 2012

      1.56

    • 2011

      1.26

    • 2010

      1.55

    • 2009

      1.60

    • 2008

      0.27

  • Variable

    Employer Total Pension Contribution ($)/Total Expenditures


    • 2015

      6.5%

    • 2014

      6.1%

    • 2013

      5.4%

    • 2012

      6.3%

    • 2011

      4.3%

    • 2010

      4.9%

    • 2009

      4.1%

    • 2008

      3.4%

  • Variable

    Employer Total Pension Contribution ($)/Operating Expenditures


    • 2015

      7.2%

    • 2014

      7.8%

    • 2013

      7.3%

    • 2012

      7.9%

    • 2011

      6.0%

    • 2010

      6.6%

    • 2009

      5.6%

    • 2008

      5.5%

  • Variable

    Employer Total Pension Contribution ($)/Total Revenues


    • 2015

      5.3%

    • 2014

      5.2%

    • 2013

      4.8%

    • 2012

      5.1%

    • 2011

      4.1%

    • 2010

      4.0%

    • 2009

      4.1%

    • 2008

      3.4%

  • Variable

    Employer Total Pension Contribution ($)/Tax Revenues


    • 2015

      10.1%

    • 2014

      9.6%

    • 2013

      9.3%

    • 2012

      10.3%

    • 2011

      8.3%

    • 2010

      8.6%

    • 2009

      7.6%

    • 2008

      6.6%

*Recommended not to combine dollar and other categories.

Pension Tracker

Stanford Institute for Economic Policy Research
366 Galvez Street
Stanford, CA  94305-6050
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