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 Santa Fe Springs, 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 $5,900,000 NA
Market Liability $451,466,577 $476,582,048 $520,477,519
Actuarial Liability $273,899,913 $302,221,529 $303,238,473
Value of Assets $187,717,220 $209,478,612 $203,975,271
Market Pension Debt $263,749,357 $267,103,436 $316,502,248
Actuarial Pension Debt $86,182,693 $92,742,917 $99,263,202
Discount Rate for Market Liability 3.723% 3.750% 3.250%
  • Variable

    Market Liability


    • 2015

      $520,477,519

    • 2014

      $476,582,048

    • 2013

      $451,466,577

    • 2012

      $489,136,885

    • 2011

      $363,951,553

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Liability


    • 2015

      $303,238,473

    • 2014

      $302,221,529

    • 2013

      $273,899,913

    • 2012

      $262,603,003

    • 2011

      $250,849,715

    • 2010

      $236,388,391

    • 2009

      $223,556,918

    • 2008

      $205,010,130

  • Variable

    Value of Assets


    • 2015

      $203,975,271

    • 2014

      $209,478,612

    • 2013

      $187,717,220

    • 2012

      $171,984,784

    • 2011

      $171,940,579

    • 2010

      $151,475,101

    • 2009

      $134,425,918

    • 2008

      $183,148,980

  • Variable

    Market Pension Debt


    • 2015

      $316,502,248

    • 2014

      $267,103,436

    • 2013

      $263,749,357

    • 2012

      $317,152,101

    • 2011

      $192,010,974

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Pension Debt


    • 2015

      $99,263,202

    • 2014

      $92,742,917

    • 2013

      $86,182,693

    • 2012

      $90,618,219

    • 2011

      $78,909,136

    • 2010

      $84,913,290

    • 2009

      $89,131,000

    • 2008

      $21,861,150

  • 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 41.6% 44.0% 39.2%
Actuarial Funded Ratio 68.5% 69.3% 67.3%
  • Variable

    Market Funded Ratio


    • 2015

      39.2%

    • 2014

      44.0%

    • 2013

      41.6%

    • 2012

      35.2%

    • 2011

      47.2%

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Funded Ratio


    • 2015

      67.3%

    • 2014

      69.3%

    • 2013

      68.5%

    • 2012

      65.5%

    • 2011

      68.5%

    • 2010

      64.1%

    • 2009

      60.1%

    • 2008

      89.3%

*Recommended not to combine dollar and other categories.

Contributions

Variable 2013 2014 2015
Employer Total Contribution (%) 26.720% 30.216% 39.862%
Employer Normal Cost Contribution (%) 8.456% 9.383% 8.370%
Employer Other Contribution (%) 18.264% 20.833% 31.492%
Employer Total Pension Contribution ($) $3,996,661 $4,770,580 $6,264,732
Employer Normal Cost Contribution ($) $1,264,811 $1,481,412 $1,315,433
Employer Other Contribution ($) $2,731,849 $3,289,168 $4,949,299
Employee Contribution (%) 8.000% 8.467% 8.485%
Employee Contribution ($) $1,196,605 $1,336,722 $1,333,517
Payroll $14,957,562 $15,788,259 $15,716,051
  • Variable

    Employer Total Contribution (%)


    • 2015

      39.862%

    • 2014

      30.216%

    • 2013

      26.720%

    • 2012

      12.947%

    • 2011

      11.670%

    • 2010

      22.975%

    • 2009

      21.999%

    • 2008

      21.930%

  • Variable

    Employer Normal Cost Contribution (%)


    • 2015

      8.370%

    • 2014

      9.383%

    • 2013

      8.456%

    • 2012

      4.782%

    • 2011

      5.500%

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Other Contribution (%)


    • 2015

      31.492%

    • 2014

      20.833%

    • 2013

      18.264%

    • 2012

      8.165%

    • 2011

      6.170%

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Total Pension Contribution ($)


    • 2015

      $6,264,732

    • 2014

      $4,770,580

    • 2013

      $3,996,661

    • 2012

      $2,118,155

    • 2011

      $2,041,940

    • 2010

      $4,256,230

    • 2009

      $4,481,047

    • 2008

      $4,560,696

  • Variable

    Employer Normal Cost Contribution ($)


    • 2015

      $1,315,433

    • 2014

      $1,481,412

    • 2013

      $1,264,811

    • 2012

      $782,316

    • 2011

      $962,394

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Other Contribution ($)


    • 2015

      $4,949,299

    • 2014

      $3,289,168

    • 2013

      $2,731,849

    • 2012

      $1,335,838

    • 2011

      $1,079,546

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employee Contribution (%)


    • 2015

      8.485%

    • 2014

      8.467%

    • 2013

      8.000%

    • 2012

      8.000%

    • 2011

      8.000%

    • 2010

      8.373%

    • 2009

      8.358%

    • 2008

      8.358%

  • Variable

    Employee Contribution ($)


    • 2015

      $1,333,517

    • 2014

      $1,336,722

    • 2013

      $1,196,605

    • 2012

      $1,308,849

    • 2011

      $1,399,760

    • 2010

      $1,551,111

    • 2009

      $1,702,441

    • 2008

      $1,738,237

  • Variable

    Payroll


    • 2015

      $15,716,051

    • 2014

      $15,788,259

    • 2013

      $14,957,562

    • 2012

      $16,360,611

    • 2011

      $17,497,005

    • 2010

      $18,525,807

    • 2009

      $20,368,898

    • 2008

      $20,796,966

*Recommended not to combine dollar and other categories.

Benefit Levels

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

    Benefit Formula


    • 2015

      2% @ 55 Misc; 3% @ 50; 2.7% @ 57 PEPRA Sfty; 3% @ 55

    • 2014

      2% @ 55; 2.7% @ 55; 2% @ 60; 3% @ 50; 3% @ 55

    • 2013

      2% @ 55; 2.7% @ 55; 3% @ 50

    • 2012

      2% @ 55; 2.7% @ 55; 3% @ 50

    • 2011

      2% @ 55; 2.7% @ 55; 3% @ 50

    • 2010

      2.7% @ 55; 2% @ 55; 3% @ 50

    • 2009

      2% @ 55; 2.7% @ 55; 3% @ 50

    • 2008

      2% @ 55; 2.7% @ 55; 3% @ 50

  • Variable

    Final Compensation Period


    • 2015

      3; 1; 3

    • 2014

      1; 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 158 164 161
Retired Members 290 294 294
Retired/Active Ratio 1.84 1.79 1.83
Average Annual Pay, Active Members $79,887 $96,269 $97,615
Average Annual Benefits, Retired Members and Beneficiaries $41,050 $53,382 $55,187
Average Attained Age, Retired Members and Beneficiaries 69.1 69.1 69.1
  • Variable

    Active Members


    • 2015

      161

    • 2014

      164

    • 2013

      158

    • 2012

      168

    • 2011

      201

    • 2010

      209

    • 2009

      232

    • 2008

      238

  • Variable

    Retired Members


    • 2015

      294

    • 2014

      294

    • 2013

      290

    • 2012

      277

    • 2011

      255

    • 2010

      249

    • 2009

      230

    • 2008

      218

  • Variable

    Retired/Active Ratio


    • 2015

      1.83

    • 2014

      1.79

    • 2013

      1.84

    • 2012

      1.65

    • 2011

      1.27

    • 2010

      1.19

    • 2009

      0.99

    • 2008

      0.92

  • Variable

    Average Annual Pay, Active Members


    • 2015

      $97,615

    • 2014

      $96,269

    • 2013

      $79,887

    • 2012

      $78,257

    • 2011

      $77,925

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Average Annual Benefits, Retired Members and Beneficiaries


    • 2015

      $55,187

    • 2014

      $53,382

    • 2013

      $41,050

    • 2012

      $40,620

    • 2011

      $39,090

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Average Attained Age, Retired Members and Beneficiaries


    • 2015

      69.1

    • 2014

      69.1

    • 2013

      69.1

    • 2012

      68.5

    • 2011

      69.2

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

*Recommended not to combine dollar and other categories.

Agency Expenditure & Revenue

Variable 2013 2014 2015
Total Expenditures $89,753,525 $136,473,723 $81,524,118
Operating Expenditures $56,125,205 $67,086,202 $60,215,344
Total Revenues $105,039,315 $133,993,636 $81,329,002
Tax Revenues $39,339,109 $41,951,589 $44,494,555
  • Variable

    Total Expenditures


    • 2015

      $81,524,118

    • 2014

      $136,473,723

    • 2013

      $89,753,525

    • 2012

      $63,773,189

    • 2011

      $56,255,819

    • 2010

      $54,929,323

    • 2009

      $58,917,914

    • 2008

      $63,955,824

  • Variable

    Operating Expenditures


    • 2015

      $60,215,344

    • 2014

      $67,086,202

    • 2013

      $56,125,205

    • 2012

      $56,450,562

    • 2011

      $51,182,156

    • 2010

      $53,604,511

    • 2009

      $56,363,602

    • 2008

      $57,155,952

  • Variable

    Total Revenues


    • 2015

      $81,329,002

    • 2014

      $133,993,636

    • 2013

      $105,039,315

    • 2012

      $76,098,961

    • 2011

      $56,079,250

    • 2010

      $54,097,015

    • 2009

      $55,876,431

    • 2008

      $61,569,715

  • Variable

    Tax Revenues


    • 2015

      $44,494,555

    • 2014

      $41,951,589

    • 2013

      $39,339,109

    • 2012

      $35,805,535

    • 2011

      $29,160,517

    • 2010

      $27,114,201

    • 2009

      $31,941,658

    • 2008

      $34,054,170

*Recommended not to combine dollar and other categories.

Agency Demographics

Variable 2013 2014 2015
Population 17,284 17,489 18,026
Households 2,440 5,106 5,214
  • Variable

    Population


    • 2015

      18,026

    • 2014

      17,489

    • 2013

      17,284

    • 2012

      16,929

    • 2011

      16,658

    • 2010

      16,401

    • 2009

      16,274

    • 2008

      16,313

  • Variable

    Households


    • 2015

      5,214

    • 2014

      5,106

    • 2013

      2,440

    • 2012

      4,847

    • 2011

      4,808

    • 2010

      4,770

    • 2009

      4,738

    • 2008

      4,752

*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable 2013 2014 2015
Market Pension Debt
Market Pension Debt/Household $108,116 $52,312 $60,702
Market Pension Debt/Capita $15,260 $15,273 $17,558
Market Pension Debt/Total Expenditures 2.94 1.96 3.88
Market Pension Debt/Operating Expenditures 4.70 3.98 5.26
Market Pension Debt/Payroll 17.63 16.92 20.14
Market Pension Debt/Employer Total Pension Contributions 65.99 55.99 50.52
Market Pension Debt/Total Revenues 2.51 1.99 3.89
Market Pension Debt/Tax Revenues 6.70 6.37 7.11
Actuarial Pension Debt
Actuarial Pension Debt/Household $35,328 $18,164 $19,038
Actuarial Pension Debt/Capita $4,986 $5,303 $5,507
Actuarial Pension Debt/Total Expenditures 0.96 0.68 1.22
Actuarial Pension Debt/Operating Expenditures 1.54 1.38 1.65
Actuarial Pension Debt/Payroll 5.76 5.87 6.32
Actuarial Pension Debt/Employer Total Pension Contribution 21.56 19.44 15.84
Actuarial Pension Debt/Total Revenues 0.82 0.69 1.22
Actuarial Pension Debt/Tax Revenues 2.19 2.21 2.23
Employer Total Pension Contribution
Employer Total Pension Contribution ($)/Total Expenditures 4.5% 3.5% 7.7%
Employer Total Pension Contribution ($)/Operating Expenditures 7.1% 7.1% 10.4%
Employer Total Pension Contribution ($)/Total Revenues 3.8% 3.6% 7.7%
Employer Total Pension Contribution ($)/Tax Revenues 10.2% 11.4% 14.1%
  • Variable

    Market Pension Debt/Household


    • 2015

      $60,702

    • 2014

      $52,312

    • 2013

      $108,116

    • 2012

      $65,433

    • 2011

      $39,940

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Capita


    • 2015

      $17,558

    • 2014

      $15,273

    • 2013

      $15,260

    • 2012

      $18,735

    • 2011

      $11,527

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Total Expenditures


    • 2015

      3.88

    • 2014

      1.96

    • 2013

      2.94

    • 2012

      4.97

    • 2011

      3.41

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Operating Expenditures


    • 2015

      5.26

    • 2014

      3.98

    • 2013

      4.70

    • 2012

      5.62

    • 2011

      3.75

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Payroll


    • 2015

      20.14

    • 2014

      16.92

    • 2013

      17.63

    • 2012

      19.39

    • 2011

      10.97

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Employer Total Pension Contributions


    • 2015

      50.52

    • 2014

      55.99

    • 2013

      65.99

    • 2012

      149.73

    • 2011

      94.03

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Total Revenues


    • 2015

      3.89

    • 2014

      1.99

    • 2013

      2.51

    • 2012

      4.17

    • 2011

      3.42

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Tax Revenues


    • 2015

      7.11

    • 2014

      6.37

    • 2013

      6.70

    • 2012

      8.86

    • 2011

      6.58

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Pension Debt/Household


    • 2015

      $19,038

    • 2014

      $18,164

    • 2013

      $35,328

    • 2012

      $18,696

    • 2011

      $16,414

    • 2010

      $17,803

    • 2009

      $18,812

    • 2008

      $4,601

  • Variable

    Actuarial Pension Debt/Capita


    • 2015

      $5,507

    • 2014

      $5,303

    • 2013

      $4,986

    • 2012

      $5,353

    • 2011

      $4,737

    • 2010

      $5,177

    • 2009

      $5,477

    • 2008

      $1,340

  • Variable

    Actuarial Pension Debt/Total Expenditures


    • 2015

      1.22

    • 2014

      0.68

    • 2013

      0.96

    • 2012

      1.42

    • 2011

      1.40

    • 2010

      1.55

    • 2009

      1.51

    • 2008

      0.34

  • Variable

    Actuarial Pension Debt/Operating Expenditures


    • 2015

      1.65

    • 2014

      1.38

    • 2013

      1.54

    • 2012

      1.61

    • 2011

      1.54

    • 2010

      1.58

    • 2009

      1.58

    • 2008

      0.38

  • Variable

    Actuarial Pension Debt/Payroll


    • 2015

      6.32

    • 2014

      5.87

    • 2013

      5.76

    • 2012

      5.54

    • 2011

      4.51

    • 2010

      4.58

    • 2009

      4.38

    • 2008

      1.05

  • Variable

    Actuarial Pension Debt/Employer Total Pension Contribution


    • 2015

      15.84

    • 2014

      19.44

    • 2013

      21.56

    • 2012

      42.78

    • 2011

      38.64

    • 2010

      19.95

    • 2009

      19.89

    • 2008

      4.79

  • Variable

    Actuarial Pension Debt/Total Revenues


    • 2015

      1.22

    • 2014

      0.69

    • 2013

      0.82

    • 2012

      1.19

    • 2011

      1.41

    • 2010

      1.57

    • 2009

      1.60

    • 2008

      0.36

  • Variable

    Actuarial Pension Debt/Tax Revenues


    • 2015

      2.23

    • 2014

      2.21

    • 2013

      2.19

    • 2012

      2.53

    • 2011

      2.71

    • 2010

      3.13

    • 2009

      2.79

    • 2008

      0.64

  • Variable

    Employer Total Pension Contribution ($)/Total Expenditures


    • 2015

      7.7%

    • 2014

      3.5%

    • 2013

      4.5%

    • 2012

      3.3%

    • 2011

      3.6%

    • 2010

      7.7%

    • 2009

      7.6%

    • 2008

      7.1%

  • Variable

    Employer Total Pension Contribution ($)/Operating Expenditures


    • 2015

      10.4%

    • 2014

      7.1%

    • 2013

      7.1%

    • 2012

      3.8%

    • 2011

      4.0%

    • 2010

      7.9%

    • 2009

      8.0%

    • 2008

      8.0%

  • Variable

    Employer Total Pension Contribution ($)/Total Revenues


    • 2015

      7.7%

    • 2014

      3.6%

    • 2013

      3.8%

    • 2012

      2.8%

    • 2011

      3.6%

    • 2010

      7.9%

    • 2009

      8.0%

    • 2008

      7.4%

  • Variable

    Employer Total Pension Contribution ($)/Tax Revenues


    • 2015

      14.1%

    • 2014

      11.4%

    • 2013

      10.2%

    • 2012

      5.9%

    • 2011

      7.0%

    • 2010

      15.7%

    • 2009

      14.0%

    • 2008

      13.4%

*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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