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 Brisbane, All Plans, Including POB

PDF Excel Excel
Plan : From year: to
Detailed Table

Assets, Liabilities and Unfunded Liabilities

Variable 2013 2014 2015
POB Liability $4,536,000 $1,571,000 NA
Market Liability $101,807,782 $103,701,169 $115,481,190
Actuarial Liability $65,363,988 $68,217,822 $69,592,067
Value of Assets $47,896,355 $54,706,195 $54,247,153
Market Pension Debt $53,911,427 $48,994,974 $61,234,037
Actuarial Pension Debt $17,467,633 $13,511,627 $15,344,914
Discount Rate for Market Liability 3.723% 3.750% 3.250%
  • Variable

    Market Liability


    • 2015

      $115,481,190

    • 2014

      $103,701,169

    • 2013

      $101,807,782

    • 2012

      $109,641,603

    • 2011

      $81,860,940

    • 2010

      $3,930,000

    • 2009

      $4,180,000

    • 2008

      $4,335,000

  • Variable

    Actuarial Liability


    • 2015

      $69,592,067

    • 2014

      $68,217,822

    • 2013

      $65,363,988

    • 2012

      $62,392,046

    • 2011

      $59,984,752

    • 2010

      $57,303,889

    • 2009

      $54,224,712

    • 2008

      $47,992,839

  • Variable

    Value of Assets


    • 2015

      $54,247,153

    • 2014

      $54,706,195

    • 2013

      $47,896,355

    • 2012

      $42,748,885

    • 2011

      $43,150,256

    • 2010

      $37,632,797

    • 2009

      $32,667,397

    • 2008

      $41,898,895

  • Variable

    Market Pension Debt


    • 2015

      $61,234,037

    • 2014

      $48,994,974

    • 2013

      $53,911,427

    • 2012

      $66,892,718

    • 2011

      $38,710,684

    • 2010

      $-33,702,797

    • 2009

      $-28,487,397

    • 2008

      $-37,563,895

  • Variable

    Actuarial Pension Debt


    • 2015

      $15,344,914

    • 2014

      $13,511,627

    • 2013

      $17,467,633

    • 2012

      $19,643,161

    • 2011

      $16,834,496

    • 2010

      $19,671,092

    • 2009

      $21,557,315

    • 2008

      $6,093,944

  • 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 47.0% 52.8% 47.0%
Actuarial Funded Ratio 73.3% 80.2% 78.0%
  • Variable

    Market Funded Ratio


    • 2015

      47.0%

    • 2014

      52.8%

    • 2013

      47.0%

    • 2012

      39.0%

    • 2011

      52.7%

    • 2010

      957.6%

    • 2009

      781.5%

    • 2008

      966.5%

  • Variable

    Actuarial Funded Ratio


    • 2015

      78.0%

    • 2014

      80.2%

    • 2013

      73.3%

    • 2012

      68.5%

    • 2011

      71.9%

    • 2010

      65.7%

    • 2009

      60.2%

    • 2008

      87.3%

*Recommended not to combine dollar and other categories.

Contributions

Variable 2013 2014 2015
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 ($) NA NA NA
Employee Contribution (%) NA 8.268% 8.334%
Employee Contribution ($) NA $501,699 $580,214
Payroll $5,763,533 $6,068,184 $6,962,199
  • Variable

    Employer Total Contribution (%)


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      0.182%

    • 2011

      NA

    • 2010

      14.757%

    • 2009

      11.579%

    • 2008

      11.546%

  • Variable

    Employer Normal Cost Contribution (%)


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      0.120%

    • 2011

      NA

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Other Contribution (%)


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      0.063%

    • 2011

      NA

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Total Pension Contribution ($)


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      $11,396

    • 2011

      NA

    • 2010

      $1,044,399

    • 2009

      $901,752

    • 2008

      $854,121

  • Variable

    Employer Normal Cost Contribution ($)


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      $7,472

    • 2011

      NA

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Other Contribution ($)


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      $3,923

    • 2011

      NA

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employee Contribution (%)


    • 2015

      8.334%

    • 2014

      8.268%

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      8.356%

    • 2009

      7.718%

    • 2008

      7.723%

  • Variable

    Employee Contribution ($)


    • 2015

      $580,214

    • 2014

      $501,699

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      $591,376

    • 2009

      $601,080

    • 2008

      $571,328

  • Variable

    Payroll


    • 2015

      $6,962,199

    • 2014

      $6,068,184

    • 2013

      $5,763,533

    • 2012

      $6,246,730

    • 2011

      $6,579,192

    • 2010

      $7,077,278

    • 2009

      $7,787,775

    • 2008

      $7,397,327

*Recommended not to combine dollar and other categories.

Benefit Levels

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

    Benefit Formula


    • 2015

      2.7% @ 55 Misc; 2% @ 60; 2% @ 62 PEPRA Misc; 3% @ 55; 2.7% @ 57 PEPRA Sfty

    • 2014

      2% @ 55; 2.7% @ 55; 2% @ 60; 2% @ 62; 3% @ 55; 2.7% @ 57

    • 2013

      2% @ 55; 2.7% @ 55; 2% @ 60; 3% @ 55

    • 2012

      2% @ 55; 2.7% @ 55; 2% @ 60; 3% @ 55

    • 2011

      2% @ 55; 2.7% @ 55; 3% @ 55

    • 2010

      3% @ 55

    • 2009

      2% @ 55; 3% @ 55

    • 2008

      2% @ 55; 3% @ 55

  • Variable

    Final Compensation Period


    • 2015

      1; 3; 1; 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

      Yes

    • 2014

      Yes

    • 2013

      Y

    • 2012

      Y

    • 2011

      Y

    • 2010

      Y

    • 2009

      Y

    • 2008

      Y

Employee and Retiree Demographics

Variable 2013 2014 2015
Active Members 69 77 88
Retired Members 121 121 123
Retired/Active Ratio 1.75 1.57 1.40
Average Annual Pay, Active Members NA $78,807 $79,116
Average Annual Benefits, Retired Members and Beneficiaries NA $23,599 $23,485
Average Attained Age, Retired Members and Beneficiaries NA 65.9 66.5
  • Variable

    Active Members


    • 2015

      88

    • 2014

      77

    • 2013

      69

    • 2012

      76

    • 2011

      78

    • 2010

      84

    • 2009

      91

    • 2008

      92

  • Variable

    Retired Members


    • 2015

      123

    • 2014

      121

    • 2013

      121

    • 2012

      110

    • 2011

      108

    • 2010

      104

    • 2009

      95

    • 2008

      91

  • Variable

    Retired/Active Ratio


    • 2015

      1.40

    • 2014

      1.57

    • 2013

      1.75

    • 2012

      1.45

    • 2011

      1.38

    • 2010

      1.24

    • 2009

      1.04

    • 2008

      0.99

  • Variable

    Average Annual Pay, Active Members


    • 2015

      $79,116

    • 2014

      $78,807

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Average Annual Benefits, Retired Members and Beneficiaries


    • 2015

      $23,485

    • 2014

      $23,599

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Average Attained Age, Retired Members and Beneficiaries


    • 2015

      66.5

    • 2014

      65.9

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

*Recommended not to combine dollar and other categories.

Agency Expenditure & Revenue

Variable 2013 2014 2015
Total Expenditures $20,542,129 $20,943,555 $23,166,498
Operating Expenditures $17,586,189 $18,321,717 $20,011,499
Total Revenues $25,032,636 $23,458,048 $29,353,486
Tax Revenues $11,004,437 $10,666,209 $12,387,341
  • Variable

    Total Expenditures


    • 2015

      $23,166,498

    • 2014

      $20,943,555

    • 2013

      $20,542,129

    • 2012

      $19,663,918

    • 2011

      $19,379,551

    • 2010

      $20,147,786

    • 2009

      $25,282,379

    • 2008

      $25,479,571

  • Variable

    Operating Expenditures


    • 2015

      $20,011,499

    • 2014

      $18,321,717

    • 2013

      $17,586,189

    • 2012

      $16,694,170

    • 2011

      $17,254,980

    • 2010

      $18,497,265

    • 2009

      $18,760,947

    • 2008

      $18,601,281

  • Variable

    Total Revenues


    • 2015

      $29,353,486

    • 2014

      $23,458,048

    • 2013

      $25,032,636

    • 2012

      $22,252,119

    • 2011

      $19,631,382

    • 2010

      $21,316,101

    • 2009

      $23,056,226

    • 2008

      $26,706,312

  • Variable

    Tax Revenues


    • 2015

      $12,387,341

    • 2014

      $10,666,209

    • 2013

      $11,004,437

    • 2012

      $9,783,495

    • 2011

      $7,851,622

    • 2010

      $9,831,864

    • 2009

      $10,390,835

    • 2008

      $12,084,251

*Recommended not to combine dollar and other categories.

Agency Demographics

Variable 2013 2014 2015
Population 4,537 4,611 4,717
Households 915 1,853 1,884
  • Variable

    Population


    • 2015

      4,717

    • 2014

      4,611

    • 2013

      4,537

    • 2012

      4,437

    • 2011

      4,381

    • 2010

      4,322

    • 2009

      4,251

    • 2008

      4,151

  • Variable

    Households


    • 2015

      1,884

    • 2014

      1,853

    • 2013

      915

    • 2012

      1,830

    • 2011

      1,829

    • 2010

      1,824

    • 2009

      1,812

    • 2008

      1,789

*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable 2013 2014 2015
Market Pension Debt
Market Pension Debt/Household $58,920 $26,441 $32,502
Market Pension Debt/Capita $11,884 $10,626 $12,982
Market Pension Debt/Total Expenditures 2.62 2.34 2.64
Market Pension Debt/Operating Expenditures 3.07 2.67 3.06
Market Pension Debt/Payroll 9.35 8.07 8.80
Market Pension Debt/Employer Total Pension Contributions NA NA NA
Market Pension Debt/Total Revenues 2.15 2.09 2.09
Market Pension Debt/Tax Revenues 4.90 4.59 4.94
Actuarial Pension Debt
Actuarial Pension Debt/Household $19,090 $7,292 $8,145
Actuarial Pension Debt/Capita $3,850 $2,930 $3,253
Actuarial Pension Debt/Total Expenditures 0.85 0.65 0.66
Actuarial Pension Debt/Operating Expenditures 0.99 0.74 0.77
Actuarial Pension Debt/Payroll 3.03 2.23 2.20
Actuarial Pension Debt/Employer Total Pension Contribution NA NA NA
Actuarial Pension Debt/Total Revenues 0.70 0.58 0.52
Actuarial Pension Debt/Tax Revenues 1.59 1.27 1.24
Employer Total Pension Contribution
Employer Total Pension Contribution ($)/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


    • 2015

      $32,502

    • 2014

      $26,441

    • 2013

      $58,920

    • 2012

      $36,553

    • 2011

      $21,165

    • 2010

      $-18,482

    • 2009

      $-15,726

    • 2008

      $-20,997

  • Variable

    Market Pension Debt/Capita


    • 2015

      $12,982

    • 2014

      $10,626

    • 2013

      $11,884

    • 2012

      $15,078

    • 2011

      $8,836

    • 2010

      $-7,799

    • 2009

      $-6,702

    • 2008

      $-9,050

  • Variable

    Market Pension Debt/Total Expenditures


    • 2015

      2.64

    • 2014

      2.34

    • 2013

      2.62

    • 2012

      3.40

    • 2011

      2.00

    • 2010

      -1.67

    • 2009

      -1.13

    • 2008

      -1.47

  • Variable

    Market Pension Debt/Operating Expenditures


    • 2015

      3.06

    • 2014

      2.67

    • 2013

      3.07

    • 2012

      4.01

    • 2011

      2.24

    • 2010

      -1.82

    • 2009

      -1.52

    • 2008

      -2.02

  • Variable

    Market Pension Debt/Payroll


    • 2015

      8.80

    • 2014

      8.07

    • 2013

      9.35

    • 2012

      10.71

    • 2011

      5.88

    • 2010

      -4.76

    • 2009

      -3.66

    • 2008

      -5.08

  • Variable

    Market Pension Debt/Employer Total Pension Contributions


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      5,869.84

    • 2011

      NA

    • 2010

      -32.27

    • 2009

      -31.59

    • 2008

      -43.98

  • Variable

    Market Pension Debt/Total Revenues


    • 2015

      2.09

    • 2014

      2.09

    • 2013

      2.15

    • 2012

      3.01

    • 2011

      1.97

    • 2010

      -1.58

    • 2009

      -1.24

    • 2008

      -1.41

  • Variable

    Market Pension Debt/Tax Revenues


    • 2015

      4.94

    • 2014

      4.59

    • 2013

      4.90

    • 2012

      6.84

    • 2011

      4.93

    • 2010

      -3.43

    • 2009

      -2.74

    • 2008

      -3.11

  • Variable

    Actuarial Pension Debt/Household


    • 2015

      $8,145

    • 2014

      $7,292

    • 2013

      $19,090

    • 2012

      $10,734

    • 2011

      $9,204

    • 2010

      $10,788

    • 2009

      $11,900

    • 2008

      $3,406

  • Variable

    Actuarial Pension Debt/Capita


    • 2015

      $3,253

    • 2014

      $2,930

    • 2013

      $3,850

    • 2012

      $4,428

    • 2011

      $3,843

    • 2010

      $4,552

    • 2009

      $5,072

    • 2008

      $1,468

  • Variable

    Actuarial Pension Debt/Total Expenditures


    • 2015

      0.66

    • 2014

      0.65

    • 2013

      0.85

    • 2012

      1.00

    • 2011

      0.87

    • 2010

      0.98

    • 2009

      0.85

    • 2008

      0.24

  • Variable

    Actuarial Pension Debt/Operating Expenditures


    • 2015

      0.77

    • 2014

      0.74

    • 2013

      0.99

    • 2012

      1.18

    • 2011

      0.98

    • 2010

      1.06

    • 2009

      1.15

    • 2008

      0.33

  • Variable

    Actuarial Pension Debt/Payroll


    • 2015

      2.20

    • 2014

      2.23

    • 2013

      3.03

    • 2012

      3.14

    • 2011

      2.56

    • 2010

      2.78

    • 2009

      2.77

    • 2008

      0.82

  • Variable

    Actuarial Pension Debt/Employer Total Pension Contribution


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      1,723.69

    • 2011

      NA

    • 2010

      18.83

    • 2009

      23.91

    • 2008

      7.13

  • Variable

    Actuarial Pension Debt/Total Revenues


    • 2015

      0.52

    • 2014

      0.58

    • 2013

      0.70

    • 2012

      0.88

    • 2011

      0.86

    • 2010

      0.92

    • 2009

      0.93

    • 2008

      0.23

  • Variable

    Actuarial Pension Debt/Tax Revenues


    • 2015

      1.24

    • 2014

      1.27

    • 2013

      1.59

    • 2012

      2.01

    • 2011

      2.14

    • 2010

      2.00

    • 2009

      2.07

    • 2008

      0.50

  • Variable

    Employer Total Pension Contribution ($)/Total Expenditures


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      0.1%

    • 2011

      NA

    • 2010

      5.2%

    • 2009

      3.6%

    • 2008

      3.4%

  • Variable

    Employer Total Pension Contribution ($)/Operating Expenditures


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      0.1%

    • 2011

      NA

    • 2010

      5.6%

    • 2009

      4.8%

    • 2008

      4.6%

  • Variable

    Employer Total Pension Contribution ($)/Total Revenues


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      0.1%

    • 2011

      NA

    • 2010

      4.9%

    • 2009

      3.9%

    • 2008

      3.2%

  • Variable

    Employer Total Pension Contribution ($)/Tax Revenues


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      0.1%

    • 2011

      NA

    • 2010

      10.6%

    • 2009

      8.7%

    • 2008

      7.1%

*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