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 El Segundo, 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 $524,873,584 $542,870,308 $608,853,987
Actuarial Liability $320,253,351 $343,933,763 $354,418,275
Value of Assets $213,287,970 $243,846,489 $242,496,271
Market Pension Debt $311,585,614 $299,023,819 $366,357,716
Actuarial Pension Debt $106,965,381 $100,087,274 $111,922,004
Discount Rate for Market Liability 3.723% 3.750% 3.250%
  • Variable

    Market Liability


    • 2015

      $608,853,987

    • 2014

      $542,870,308

    • 2013

      $524,873,584

    • 2012

      $574,044,499

    • 2011

      $427,006,248

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Liability


    • 2015

      $354,418,275

    • 2014

      $343,933,763

    • 2013

      $320,253,351

    • 2012

      $310,217,764

    • 2011

      $296,274,801

    • 2010

      $278,207,231

    • 2009

      $261,422,768

    • 2008

      $235,603,493

  • Variable

    Value of Assets


    • 2015

      $242,496,271

    • 2014

      $243,846,489

    • 2013

      $213,287,970

    • 2012

      $195,120,371

    • 2011

      $201,362,447

    • 2010

      $170,562,031

    • 2009

      $153,392,519

    • 2008

      $206,389,195

  • Variable

    Market Pension Debt


    • 2015

      $366,357,716

    • 2014

      $299,023,819

    • 2013

      $311,585,614

    • 2012

      $378,924,128

    • 2011

      $225,643,801

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Pension Debt


    • 2015

      $111,922,004

    • 2014

      $100,087,274

    • 2013

      $106,965,381

    • 2012

      $115,097,393

    • 2011

      $94,912,354

    • 2010

      $107,645,200

    • 2009

      $108,030,249

    • 2008

      $29,214,298

  • 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 40.6% 44.9% 39.8%
Actuarial Funded Ratio 66.6% 70.9% 68.4%
  • Variable

    Market Funded Ratio


    • 2015

      39.8%

    • 2014

      44.9%

    • 2013

      40.6%

    • 2012

      34.0%

    • 2011

      47.2%

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Funded Ratio


    • 2015

      68.4%

    • 2014

      70.9%

    • 2013

      66.6%

    • 2012

      62.9%

    • 2011

      68.0%

    • 2010

      61.3%

    • 2009

      58.7%

    • 2008

      87.6%

*Recommended not to combine dollar and other categories.

Contributions

Variable 2013 2014 2015
Employer Total Contribution (%) 25.004% 28.383% 30.424%
Employer Normal Cost Contribution (%) 12.533% 13.476% 12.861%
Employer Other Contribution (%) 12.471% 14.908% 17.563%
Employer Total Pension Contribution ($) $6,777,883 $7,745,119 $8,099,790
Employer Normal Cost Contribution ($) $3,397,432 $3,677,209 $3,424,035
Employer Other Contribution ($) $3,380,451 $4,067,910 $4,675,755
Employee Contribution (%) 7.985% 7.988% 7.981%
Employee Contribution ($) $2,164,474 $2,179,660 $2,124,791
Payroll $27,106,888 $27,287,558 $26,622,776
  • Variable

    Employer Total Contribution (%)


    • 2015

      30.424%

    • 2014

      28.383%

    • 2013

      25.004%

    • 2012

      23.405%

    • 2011

      19.786%

    • 2010

      18.929%

    • 2009

      18.194%

    • 2008

      18.291%

  • Variable

    Employer Normal Cost Contribution (%)


    • 2015

      12.861%

    • 2014

      13.476%

    • 2013

      12.533%

    • 2012

      12.579%

    • 2011

      12.239%

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Other Contribution (%)


    • 2015

      17.563%

    • 2014

      14.908%

    • 2013

      12.471%

    • 2012

      10.826%

    • 2011

      7.547%

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Total Pension Contribution ($)


    • 2015

      $8,099,790

    • 2014

      $7,745,119

    • 2013

      $6,777,883

    • 2012

      $6,404,681

    • 2011

      $5,404,659

    • 2010

      $5,750,414

    • 2009

      $5,543,379

    • 2008

      $5,079,422

  • Variable

    Employer Normal Cost Contribution ($)


    • 2015

      $3,424,035

    • 2014

      $3,677,209

    • 2013

      $3,397,432

    • 2012

      $3,442,280

    • 2011

      $3,343,213

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Other Contribution ($)


    • 2015

      $4,675,755

    • 2014

      $4,067,910

    • 2013

      $3,380,451

    • 2012

      $2,962,401

    • 2011

      $2,061,446

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employee Contribution (%)


    • 2015

      7.981%

    • 2014

      7.988%

    • 2013

      7.985%

    • 2012

      7.979%

    • 2011

      8.039%

    • 2010

      8.036%

    • 2009

      8.007%

    • 2008

      8.048%

  • Variable

    Employee Contribution ($)


    • 2015

      $2,124,791

    • 2014

      $2,179,660

    • 2013

      $2,164,474

    • 2012

      $2,183,375

    • 2011

      $2,195,801

    • 2010

      $2,441,303

    • 2009

      $2,439,588

    • 2008

      $2,234,894

  • Variable

    Payroll


    • 2015

      $26,622,776

    • 2014

      $27,287,558

    • 2013

      $27,106,888

    • 2012

      $27,364,214

    • 2011

      $27,315,102

    • 2010

      $30,378,914

    • 2009

      $30,467,630

    • 2008

      $27,770,286

*Recommended not to combine dollar and other categories.

Benefit Levels

Variable 2013 2014 2015  
Benefit Formula 2% @ 55; 3% @ 55; 3% @ 50 2% @ 55; 2% @ 60; 2% @ 62; 3% @ 55; 3% @ 50 2% @ 60; 2.7% @ 57 PEPRA Sfty  
Final Compensation Period 1; 1 1; 3; 1 1; 3  
COLA (%) 2; 2 NA NA  
Sick Leave Credit NA NA NA  
  • Variable

    Benefit Formula


    • 2015

      2% @ 60; 2.7% @ 57 PEPRA Sfty

    • 2014

      2% @ 55; 2% @ 60; 2% @ 62; 3% @ 55; 3% @ 50

    • 2013

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

    • 2012

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

    • 2011

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

    • 2010

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

    • 2009

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

    • 2008

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

  • Variable

    Final Compensation Period


    • 2015

      1; 3

    • 2014

      1; 3; 1

    • 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 283 277 274
Retired Members 502 510 525
Retired/Active Ratio 1.77 1.84 1.92
Average Annual Pay, Active Members $95,784 $98,511 $97,163
Average Annual Benefits, Retired Members and Beneficiaries $32,585 $32,905 $34,339
Average Attained Age, Retired Members and Beneficiaries 68.1 68.1 68.3
  • Variable

    Active Members


    • 2015

      274

    • 2014

      277

    • 2013

      283

    • 2012

      283

    • 2011

      291

    • 2010

      325

    • 2009

      351

    • 2008

      337

  • Variable

    Retired Members


    • 2015

      525

    • 2014

      510

    • 2013

      502

    • 2012

      492

    • 2011

      485

    • 2010

      461

    • 2009

      426

    • 2008

      409

  • Variable

    Retired/Active Ratio


    • 2015

      1.92

    • 2014

      1.84

    • 2013

      1.77

    • 2012

      1.74

    • 2011

      1.67

    • 2010

      1.42

    • 2009

      1.21

    • 2008

      1.21

  • Variable

    Average Annual Pay, Active Members


    • 2015

      $97,163

    • 2014

      $98,511

    • 2013

      $95,784

    • 2012

      $96,693

    • 2011

      $93,866

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Average Annual Benefits, Retired Members and Beneficiaries


    • 2015

      $34,339

    • 2014

      $32,905

    • 2013

      $32,585

    • 2012

      $32,227

    • 2011

      $30,045

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Average Attained Age, Retired Members and Beneficiaries


    • 2015

      68.3

    • 2014

      68.1

    • 2013

      68.1

    • 2012

      67.7

    • 2011

      68.0

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

*Recommended not to combine dollar and other categories.

Agency Expenditure & Revenue

Variable 2013 2014 2015
Total Expenditures $92,818,490 $94,714,233 $103,374,550
Operating Expenditures $88,167,293 $91,831,521 $101,786,028
Total Revenues $93,779,039 $109,361,125 $107,556,020
Tax Revenues $48,834,811 $56,333,446 $50,763,444
  • Variable

    Total Expenditures


    • 2015

      $103,374,550

    • 2014

      $94,714,233

    • 2013

      $92,818,490

    • 2012

      $89,473,879

    • 2011

      $81,000,052

    • 2010

      $94,079,424

    • 2009

      $95,633,055

    • 2008

      $92,003,764

  • Variable

    Operating Expenditures


    • 2015

      $101,786,028

    • 2014

      $91,831,521

    • 2013

      $88,167,293

    • 2012

      $86,797,370

    • 2011

      $77,309,567

    • 2010

      $87,726,851

    • 2009

      $86,594,582

    • 2008

      $84,245,606

  • Variable

    Total Revenues


    • 2015

      $107,556,020

    • 2014

      $109,361,125

    • 2013

      $93,779,039

    • 2012

      $80,761,538

    • 2011

      $83,811,834

    • 2010

      $88,865,648

    • 2009

      $75,942,353

    • 2008

      $103,218,348

  • Variable

    Tax Revenues


    • 2015

      $50,763,444

    • 2014

      $56,333,446

    • 2013

      $48,834,811

    • 2012

      $39,975,152

    • 2011

      $41,515,625

    • 2010

      $40,465,036

    • 2009

      $44,383,196

    • 2008

      $46,805,945

*Recommended not to combine dollar and other categories.

Agency Demographics

Variable 2013 2014 2015
Population 16,984 17,020 17,037
Households 3,544 6,933 6,927
  • Variable

    Population


    • 2015

      17,037

    • 2014

      17,020

    • 2013

      16,984

    • 2012

      16,903

    • 2011

      16,806

    • 2010

      16,708

    • 2009

      16,626

    • 2008

      16,541

  • Variable

    Households


    • 2015

      6,927

    • 2014

      6,933

    • 2013

      3,544

    • 2012

      7,087

    • 2011

      7,088

    • 2010

      7,087

    • 2009

      7,087

    • 2008

      7,085

*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable 2013 2014 2015
Market Pension Debt
Market Pension Debt/Household $87,932 $43,131 $52,888
Market Pension Debt/Capita $18,346 $17,569 $21,504
Market Pension Debt/Total Expenditures 3.36 3.16 3.54
Market Pension Debt/Operating Expenditures 3.53 3.26 3.60
Market Pension Debt/Payroll 11.49 10.96 13.76
Market Pension Debt/Employer Total Pension Contributions 45.97 38.61 45.23
Market Pension Debt/Total Revenues 3.32 2.73 3.41
Market Pension Debt/Tax Revenues 6.38 5.31 7.22
Actuarial Pension Debt
Actuarial Pension Debt/Household $30,186 $14,436 $16,157
Actuarial Pension Debt/Capita $6,298 $5,881 $6,569
Actuarial Pension Debt/Total Expenditures 1.15 1.06 1.08
Actuarial Pension Debt/Operating Expenditures 1.21 1.09 1.10
Actuarial Pension Debt/Payroll 3.95 3.67 4.20
Actuarial Pension Debt/Employer Total Pension Contribution 15.78 12.92 13.82
Actuarial Pension Debt/Total Revenues 1.14 0.92 1.04
Actuarial Pension Debt/Tax Revenues 2.19 1.78 2.20
Employer Total Pension Contribution
Employer Total Pension Contribution ($)/Total Expenditures 7.3% 8.2% 7.8%
Employer Total Pension Contribution ($)/Operating Expenditures 7.7% 8.4% 8.0%
Employer Total Pension Contribution ($)/Total Revenues 7.2% 7.1% 7.5%
Employer Total Pension Contribution ($)/Tax Revenues 13.9% 13.7% 16.0%
  • Variable

    Market Pension Debt/Household


    • 2015

      $52,888

    • 2014

      $43,131

    • 2013

      $87,932

    • 2012

      $53,467

    • 2011

      $31,837

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Capita


    • 2015

      $21,504

    • 2014

      $17,569

    • 2013

      $18,346

    • 2012

      $22,418

    • 2011

      $13,427

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Total Expenditures


    • 2015

      3.54

    • 2014

      3.16

    • 2013

      3.36

    • 2012

      4.24

    • 2011

      2.79

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Operating Expenditures


    • 2015

      3.60

    • 2014

      3.26

    • 2013

      3.53

    • 2012

      4.37

    • 2011

      2.92

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Payroll


    • 2015

      13.76

    • 2014

      10.96

    • 2013

      11.49

    • 2012

      13.85

    • 2011

      8.26

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Employer Total Pension Contributions


    • 2015

      45.23

    • 2014

      38.61

    • 2013

      45.97

    • 2012

      59.16

    • 2011

      41.75

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Total Revenues


    • 2015

      3.41

    • 2014

      2.73

    • 2013

      3.32

    • 2012

      4.69

    • 2011

      2.69

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Tax Revenues


    • 2015

      7.22

    • 2014

      5.31

    • 2013

      6.38

    • 2012

      9.48

    • 2011

      5.44

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Pension Debt/Household


    • 2015

      $16,157

    • 2014

      $14,436

    • 2013

      $30,186

    • 2012

      $16,241

    • 2011

      $13,392

    • 2010

      $15,189

    • 2009

      $15,245

    • 2008

      $4,124

  • Variable

    Actuarial Pension Debt/Capita


    • 2015

      $6,569

    • 2014

      $5,881

    • 2013

      $6,298

    • 2012

      $6,809

    • 2011

      $5,648

    • 2010

      $6,443

    • 2009

      $6,498

    • 2008

      $1,766

  • Variable

    Actuarial Pension Debt/Total Expenditures


    • 2015

      1.08

    • 2014

      1.06

    • 2013

      1.15

    • 2012

      1.29

    • 2011

      1.17

    • 2010

      1.14

    • 2009

      1.13

    • 2008

      0.32

  • Variable

    Actuarial Pension Debt/Operating Expenditures


    • 2015

      1.10

    • 2014

      1.09

    • 2013

      1.21

    • 2012

      1.33

    • 2011

      1.23

    • 2010

      1.23

    • 2009

      1.25

    • 2008

      0.35

  • Variable

    Actuarial Pension Debt/Payroll


    • 2015

      4.20

    • 2014

      3.67

    • 2013

      3.95

    • 2012

      4.21

    • 2011

      3.47

    • 2010

      3.54

    • 2009

      3.55

    • 2008

      1.05

  • Variable

    Actuarial Pension Debt/Employer Total Pension Contribution


    • 2015

      13.82

    • 2014

      12.92

    • 2013

      15.78

    • 2012

      17.97

    • 2011

      17.56

    • 2010

      18.72

    • 2009

      19.49

    • 2008

      5.75

  • Variable

    Actuarial Pension Debt/Total Revenues


    • 2015

      1.04

    • 2014

      0.92

    • 2013

      1.14

    • 2012

      1.43

    • 2011

      1.13

    • 2010

      1.21

    • 2009

      1.42

    • 2008

      0.28

  • Variable

    Actuarial Pension Debt/Tax Revenues


    • 2015

      2.20

    • 2014

      1.78

    • 2013

      2.19

    • 2012

      2.88

    • 2011

      2.29

    • 2010

      2.66

    • 2009

      2.43

    • 2008

      0.62

  • Variable

    Employer Total Pension Contribution ($)/Total Expenditures


    • 2015

      7.8%

    • 2014

      8.2%

    • 2013

      7.3%

    • 2012

      7.2%

    • 2011

      6.7%

    • 2010

      6.1%

    • 2009

      5.8%

    • 2008

      5.5%

  • Variable

    Employer Total Pension Contribution ($)/Operating Expenditures


    • 2015

      8.0%

    • 2014

      8.4%

    • 2013

      7.7%

    • 2012

      7.4%

    • 2011

      7.0%

    • 2010

      6.6%

    • 2009

      6.4%

    • 2008

      6.0%

  • Variable

    Employer Total Pension Contribution ($)/Total Revenues


    • 2015

      7.5%

    • 2014

      7.1%

    • 2013

      7.2%

    • 2012

      7.9%

    • 2011

      6.4%

    • 2010

      6.5%

    • 2009

      7.3%

    • 2008

      4.9%

  • Variable

    Employer Total Pension Contribution ($)/Tax Revenues


    • 2015

      16.0%

    • 2014

      13.7%

    • 2013

      13.9%

    • 2012

      16.0%

    • 2011

      13.0%

    • 2010

      14.2%

    • 2009

      12.5%

    • 2008

      10.9%

*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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