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 Irwindale, 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 $99,962,917 $104,383,782 $117,950,347
Actuarial Liability $61,028,069 $65,803,846 $68,840,131
Value of Assets $48,698,218 $54,448,747 $54,079,776
Market Pension Debt $51,264,699 $49,935,035 $63,870,571
Actuarial Pension Debt $12,329,851 $11,355,099 $14,760,355
Discount Rate for Market Liability 3.723% 3.750% 3.250%
  • Variable

    Market Liability


    • 2015

      $117,950,347

    • 2014

      $104,383,782

    • 2013

      $99,962,917

    • 2012

      $108,840,521

    • 2011

      $79,711,688

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Liability


    • 2015

      $68,840,131

    • 2014

      $65,803,846

    • 2013

      $61,028,069

    • 2012

      $58,660,080

    • 2011

      $55,163,678

    • 2010

      $51,355,479

    • 2009

      NA

    • 2008

      NA

  • Variable

    Value of Assets


    • 2015

      $54,079,776

    • 2014

      $54,448,747

    • 2013

      $48,698,218

    • 2012

      $44,517,153

    • 2011

      $44,622,525

    • 2010

      $37,034,504

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt


    • 2015

      $63,870,571

    • 2014

      $49,935,035

    • 2013

      $51,264,699

    • 2012

      $64,323,368

    • 2011

      $35,089,163

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Pension Debt


    • 2015

      $14,760,355

    • 2014

      $11,355,099

    • 2013

      $12,329,851

    • 2012

      $14,142,927

    • 2011

      $10,541,153

    • 2010

      $14,320,975

    • 2009

      NA

    • 2008

      NA

  • 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 48.7% 52.2% 45.8%
Actuarial Funded Ratio 79.8% 82.7% 78.6%
  • Variable

    Market Funded Ratio


    • 2015

      45.8%

    • 2014

      52.2%

    • 2013

      48.7%

    • 2012

      40.9%

    • 2011

      56.0%

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Funded Ratio


    • 2015

      78.6%

    • 2014

      82.7%

    • 2013

      79.8%

    • 2012

      75.9%

    • 2011

      80.9%

    • 2010

      72.1%

    • 2009

      NA

    • 2008

      NA

*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 ($) NA NA NA
Employee Contribution (%) NA 7.737% 7.876%
Employee Contribution ($) NA $427,533 $484,921
Payroll $5,545,810 $5,525,921 $6,156,657
  • Variable

    Employer Total Contribution (%)


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      13.879%

    • 2009

      8.437%

    • 2008

      8.172%

  • Variable

    Employer Normal Cost Contribution (%)


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Other Contribution (%)


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Total Pension Contribution ($)


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      $913,390

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Normal Cost Contribution ($)


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Other Contribution ($)


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employee Contribution (%)


    • 2015

      7.876%

    • 2014

      7.737%

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      7.687%

    • 2009

      7.000%

    • 2008

      7.000%

  • Variable

    Employee Contribution ($)


    • 2015

      $484,921

    • 2014

      $427,533

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      $505,936

    • 2009

      NA

    • 2008

      NA

  • Variable

    Payroll


    • 2015

      $6,156,657

    • 2014

      $5,525,921

    • 2013

      $5,545,810

    • 2012

      $6,366,916

    • 2011

      $6,818,695

    • 2010

      $6,581,290

    • 2009

      NA

    • 2008

      NA

*Recommended not to combine dollar and other categories.

Benefit Levels

Variable 2013 2014 2015  
Benefit Formula 2% @ 55; ; 3% @ 50 2% @ 55; 3% @ 50 2% @ 55 Misc; 2% @ 62 PEPRA Misc; 3% @ 50; 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% @ 55 Misc; 2% @ 62 PEPRA Misc; 3% @ 50; 2.7% @ 57 PEPRA Sfty

    • 2014

      2% @ 55; 3% @ 50

    • 2013

      2% @ 55; ; 3% @ 50

    • 2012

      2% @ 55; 3% @ 50

    • 2011

      2% @ 55; 3% @ 50

    • 2010

      2% @ 55; 3% @ 50

    • 2009

      2% @ 55; 3% @ 50

    • 2008

      2% @ 55; 3% @ 50

  • 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 77 74 80
Retired Members 100 100 103
Retired/Active Ratio 1.30 1.35 1.29
Average Annual Pay, Active Members NA $74,675 $76,958
Average Annual Benefits, Retired Members and Beneficiaries NA $33,861 $34,481
Average Attained Age, Retired Members and Beneficiaries NA 66.4 66.5
  • Variable

    Active Members


    • 2015

      80

    • 2014

      74

    • 2013

      77

    • 2012

      86

    • 2011

      91

    • 2010

      92

    • 2009

      NA

    • 2008

      NA

  • Variable

    Retired Members


    • 2015

      103

    • 2014

      100

    • 2013

      100

    • 2012

      94

    • 2011

      97

    • 2010

      91

    • 2009

      NA

    • 2008

      NA

  • Variable

    Retired/Active Ratio


    • 2015

      1.29

    • 2014

      1.35

    • 2013

      1.30

    • 2012

      1.09

    • 2011

      1.07

    • 2010

      0.99

    • 2009

      NA

    • 2008

      NA

  • Variable

    Average Annual Pay, Active Members


    • 2015

      $76,958

    • 2014

      $74,675

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Average Annual Benefits, Retired Members and Beneficiaries


    • 2015

      $34,481

    • 2014

      $33,861

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Average Attained Age, Retired Members and Beneficiaries


    • 2015

      66.5

    • 2014

      66.4

    • 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 $23,740,087 $20,580,047 $21,656,017
Operating Expenditures $21,857,973 $18,702,058 $19,299,041
Total Revenues $21,698,555 $19,841,857 $22,925,310
Tax Revenues $17,055,889 $16,681,875 $19,668,897
  • Variable

    Total Expenditures


    • 2015

      $21,656,017

    • 2014

      $20,580,047

    • 2013

      $23,740,087

    • 2012

      $20,845,123

    • 2011

      $21,727,245

    • 2010

      $22,809,642

    • 2009

      NA

    • 2008

      NA

  • Variable

    Operating Expenditures


    • 2015

      $19,299,041

    • 2014

      $18,702,058

    • 2013

      $21,857,973

    • 2012

      $19,509,381

    • 2011

      $21,061,753

    • 2010

      $21,696,859

    • 2009

      NA

    • 2008

      NA

  • Variable

    Total Revenues


    • 2015

      $22,925,310

    • 2014

      $19,841,857

    • 2013

      $21,698,555

    • 2012

      $18,238,959

    • 2011

      $21,818,335

    • 2010

      $20,573,821

    • 2009

      NA

    • 2008

      NA

  • Variable

    Tax Revenues


    • 2015

      $19,668,897

    • 2014

      $16,681,875

    • 2013

      $17,055,889

    • 2012

      $13,376,143

    • 2011

      $15,148,077

    • 2010

      $11,285,084

    • 2009

      NA

    • 2008

      NA

*Recommended not to combine dollar and other categories.

Agency Demographics

Variable 2013 2014 2015
Population 1,428 1,431 1,437
Households 190 372 367
  • Variable

    Population


    • 2015

      1,437

    • 2014

      1,431

    • 2013

      1,428

    • 2012

      1,424

    • 2011

      1,423

    • 2010

      1,423

    • 2009

      1,421

    • 2008

      1,414

  • Variable

    Households


    • 2015

      367

    • 2014

      372

    • 2013

      190

    • 2012

      376

    • 2011

      373

    • 2010

      375

    • 2009

      379

    • 2008

      384

*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable 2013 2014 2015
Market Pension Debt
Market Pension Debt/Household $269,814 $134,234 $174,034
Market Pension Debt/Capita $35,900 $34,895 $44,447
Market Pension Debt/Total Expenditures 2.16 2.43 2.95
Market Pension Debt/Operating Expenditures 2.35 2.67 3.31
Market Pension Debt/Payroll 9.24 9.04 10.37
Market Pension Debt/Employer Total Pension Contributions NA NA NA
Market Pension Debt/Total Revenues 2.36 2.52 2.79
Market Pension Debt/Tax Revenues 3.01 2.99 3.25
Actuarial Pension Debt
Actuarial Pension Debt/Household $64,894 $30,524 $40,219
Actuarial Pension Debt/Capita $8,634 $7,935 $10,272
Actuarial Pension Debt/Total Expenditures 0.52 0.55 0.68
Actuarial Pension Debt/Operating Expenditures 0.56 0.61 0.76
Actuarial Pension Debt/Payroll 2.22 2.05 2.40
Actuarial Pension Debt/Employer Total Pension Contribution NA NA NA
Actuarial Pension Debt/Total Revenues 0.57 0.57 0.64
Actuarial Pension Debt/Tax Revenues 0.72 0.68 0.75
Employer Total Pension Contribution
Employer Total Pension Contribution ($)/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

      $174,034

    • 2014

      $134,234

    • 2013

      $269,814

    • 2012

      $171,301

    • 2011

      $94,199

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Capita


    • 2015

      $44,447

    • 2014

      $34,895

    • 2013

      $35,900

    • 2012

      $45,187

    • 2011

      $24,667

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Total Expenditures


    • 2015

      2.95

    • 2014

      2.43

    • 2013

      2.16

    • 2012

      3.09

    • 2011

      1.61

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Operating Expenditures


    • 2015

      3.31

    • 2014

      2.67

    • 2013

      2.35

    • 2012

      3.30

    • 2011

      1.67

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Payroll


    • 2015

      10.37

    • 2014

      9.04

    • 2013

      9.24

    • 2012

      10.10

    • 2011

      5.15

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Employer Total Pension Contributions


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Total Revenues


    • 2015

      2.79

    • 2014

      2.52

    • 2013

      2.36

    • 2012

      3.53

    • 2011

      1.61

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Tax Revenues


    • 2015

      3.25

    • 2014

      2.99

    • 2013

      3.01

    • 2012

      4.81

    • 2011

      2.32

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Pension Debt/Household


    • 2015

      $40,219

    • 2014

      $30,524

    • 2013

      $64,894

    • 2012

      $37,664

    • 2011

      $28,298

    • 2010

      $38,240

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Pension Debt/Capita


    • 2015

      $10,272

    • 2014

      $7,935

    • 2013

      $8,634

    • 2012

      $9,935

    • 2011

      $7,410

    • 2010

      $10,064

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Pension Debt/Total Expenditures


    • 2015

      0.68

    • 2014

      0.55

    • 2013

      0.52

    • 2012

      0.68

    • 2011

      0.49

    • 2010

      0.63

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Pension Debt/Operating Expenditures


    • 2015

      0.76

    • 2014

      0.61

    • 2013

      0.56

    • 2012

      0.72

    • 2011

      0.50

    • 2010

      0.66

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Pension Debt/Payroll


    • 2015

      2.40

    • 2014

      2.05

    • 2013

      2.22

    • 2012

      2.22

    • 2011

      1.55

    • 2010

      2.18

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Pension Debt/Employer Total Pension Contribution


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      15.68

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Pension Debt/Total Revenues


    • 2015

      0.64

    • 2014

      0.57

    • 2013

      0.57

    • 2012

      0.78

    • 2011

      0.48

    • 2010

      0.70

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Pension Debt/Tax Revenues


    • 2015

      0.75

    • 2014

      0.68

    • 2013

      0.72

    • 2012

      1.06

    • 2011

      0.70

    • 2010

      1.27

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Total Pension Contribution ($)/Total Expenditures


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      4.0%

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Total Pension Contribution ($)/Operating Expenditures


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      4.2%

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Total Pension Contribution ($)/Total Revenues


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      4.4%

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Total Pension Contribution ($)/Tax Revenues


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      8.1%

    • 2009

      NA

    • 2008

      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