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.

County of Sierra, All Plans, Including POB

PDF Excel Excel
Plan : From year: to
Detailed Table

Assets, Liabilities and Unfunded Liabilities

Variable 2013 2014 2015
POB Liability $0 $3,944,000 $3,567,000
Market Liability $92,739,247 $105,158,843 $114,887,581
Actuarial Liability $58,769,476 $69,200,573 $70,750,643
Value of Assets $45,249,428 $52,719,802 $51,523,639
Market Pension Debt $47,489,819 $52,439,041 $63,363,942
Actuarial Pension Debt $13,520,048 $16,480,771 $19,227,004
Discount Rate for Market Liability 3.723% 3.750% 3.250%
  • Variable

    Market Liability


    • 2015

      $114,887,581

    • 2014

      $105,158,843

    • 2013

      $92,739,247

    • 2012

      $99,491,663

    • 2011

      $77,930,796

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Liability


    • 2015

      $70,750,643

    • 2014

      $69,200,573

    • 2013

      $58,769,476

    • 2012

      $56,835,583

    • 2011

      $55,771,574

    • 2010

      $53,573,565

    • 2009

      $51,531,281

    • 2008

      $46,852,500

  • Variable

    Value of Assets


    • 2015

      $51,523,639

    • 2014

      $52,719,802

    • 2013

      $45,249,428

    • 2012

      $41,233,533

    • 2011

      $39,248,436

    • 2010

      $37,202,690

    • 2009

      $33,056,814

    • 2008

      $44,690,172

  • Variable

    Market Pension Debt


    • 2015

      $63,363,942

    • 2014

      $52,439,041

    • 2013

      $47,489,819

    • 2012

      $58,258,130

    • 2011

      $38,682,360

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Pension Debt


    • 2015

      $19,227,004

    • 2014

      $16,480,771

    • 2013

      $13,520,048

    • 2012

      $15,602,050

    • 2011

      $16,523,138

    • 2010

      $16,370,875

    • 2009

      $18,474,467

    • 2008

      $2,162,328

  • 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 48.8% 50.1% 44.8%
Actuarial Funded Ratio 77.0% 76.2% 72.8%
  • Variable

    Market Funded Ratio


    • 2015

      44.8%

    • 2014

      50.1%

    • 2013

      48.8%

    • 2012

      41.4%

    • 2011

      50.4%

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Funded Ratio


    • 2015

      72.8%

    • 2014

      76.2%

    • 2013

      77.0%

    • 2012

      72.5%

    • 2011

      70.4%

    • 2010

      69.4%

    • 2009

      64.1%

    • 2008

      95.4%

*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 ($) NA NA NA
Employee Contribution (%) NA 8.079% 8.039%
Employee Contribution ($) NA $416,604 $429,202
Payroll $5,096,332 $5,156,507 $5,338,945
  • Variable

    Employer Total Contribution (%)


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      0.221%

    • 2011

      0.185%

    • 2010

      18.136%

    • 2009

      17.940%

    • 2008

      18.673%

  • Variable

    Employer Normal Cost Contribution (%)


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      0.107%

    • 2011

      0.103%

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Other Contribution (%)


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      0.114%

    • 2011

      0.082%

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Total Pension Contribution ($)


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      $12,372

    • 2011

      $11,569

    • 2010

      $1,036,505

    • 2009

      $1,104,001

    • 2008

      $1,226,016

  • Variable

    Employer Normal Cost Contribution ($)


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      $6,015

    • 2011

      $6,423

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employer Other Contribution ($)


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      $6,357

    • 2011

      $5,146

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Employee Contribution (%)


    • 2015

      8.039%

    • 2014

      8.079%

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      8.141%

    • 2009

      8.147%

    • 2008

      8.136%

  • Variable

    Employee Contribution ($)


    • 2015

      $429,202

    • 2014

      $416,604

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      $465,283

    • 2009

      $501,382

    • 2008

      $534,194

  • Variable

    Payroll


    • 2015

      $5,338,945

    • 2014

      $5,156,507

    • 2013

      $5,096,332

    • 2012

      $5,599,236

    • 2011

      $6,241,546

    • 2010

      $5,715,060

    • 2009

      $6,153,934

    • 2008

      $6,565,854

*Recommended not to combine dollar and other categories.

Benefit Levels

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

    Benefit Formula


    • 2015

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

    • 2014

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

    • 2013

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

    • 2012

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

    • 2011

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

    • 2010

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

    • 2009

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

    • 2008

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

  • Variable

    Final Compensation Period


    • 2015

      1; 3; 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

      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 96 97 100
Retired Members 154 162 166
Retired/Active Ratio 1.60 1.67 1.66
Average Annual Pay, Active Members NA $53,160 $53,390
Average Annual Benefits, Retired Members and Beneficiaries NA $22,660 $22,732
Average Attained Age, Retired Members and Beneficiaries NA 68.9 69.3
  • Variable

    Active Members


    • 2015

      100

    • 2014

      97

    • 2013

      96

    • 2012

      108

    • 2011

      111

    • 2010

      107

    • 2009

      116

    • 2008

      122

  • Variable

    Retired Members


    • 2015

      166

    • 2014

      162

    • 2013

      154

    • 2012

      146

    • 2011

      140

    • 2010

      137

    • 2009

      129

    • 2008

      117

  • Variable

    Retired/Active Ratio


    • 2015

      1.66

    • 2014

      1.67

    • 2013

      1.60

    • 2012

      1.35

    • 2011

      1.26

    • 2010

      1.28

    • 2009

      1.11

    • 2008

      0.96

  • Variable

    Average Annual Pay, Active Members


    • 2015

      $53,390

    • 2014

      $53,160

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Average Annual Benefits, Retired Members and Beneficiaries


    • 2015

      $22,732

    • 2014

      $22,660

    • 2013

      NA

    • 2012

      NA

    • 2011

      NA

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Average Attained Age, Retired Members and Beneficiaries


    • 2015

      69.3

    • 2014

      68.9

    • 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 $17,123,056 $16,920,417 $14,864,752
Operating Expenditures $1,361,472 $70,347 $-13,222,655
Total Revenues $18,385,591 $19,825,078 $16,893,626
Tax Revenues $3,822,898 $3,781,394 $3,794,759
  • Variable

    Total Expenditures


    • 2015

      $14,864,752

    • 2014

      $16,920,417

    • 2013

      $17,123,056

    • 2012

      $17,956,062

    • 2011

      $18,811,394

    • 2010

      $19,794,133

    • 2009

      $16,697,362

    • 2008

      $19,924,484

  • Variable

    Operating Expenditures


    • 2015

      $-13,222,655

    • 2014

      $70,347

    • 2013

      $1,361,472

    • 2012

      $5,982,787

    • 2011

      $6,580,609

    • 2010

      $-4,610,462

    • 2009

      $2,211,106

    • 2008

      $4,449,284

  • Variable

    Total Revenues


    • 2015

      $16,893,626

    • 2014

      $19,825,078

    • 2013

      $18,385,591

    • 2012

      $17,596,395

    • 2011

      $19,599,811

    • 2010

      $22,262,238

    • 2009

      $19,338,244

    • 2008

      $17,281,958

  • Variable

    Tax Revenues


    • 2015

      $3,794,759

    • 2014

      $3,781,394

    • 2013

      $3,822,898

    • 2012

      $3,764,736

    • 2011

      $3,828,215

    • 2010

      $4,007,826

    • 2009

      $3,963,785

    • 2008

      $4,282,866

*Recommended not to combine dollar and other categories.

Agency Demographics

Variable 2013 2014 2015
Population 3,007 2,979 2,967
Households 742 1,435 1,433
  • Variable

    Population


    • 2015

      2,967

    • 2014

      2,979

    • 2013

      3,007

    • 2012

      3,055

    • 2011

      3,090

    • 2010

      3,163

    • 2009

      3,235

    • 2008

      3,284

  • Variable

    Households


    • 2015

      1,433

    • 2014

      1,435

    • 2013

      742

    • 2012

      1,483

    • 2011

      1,483

    • 2010

      1,484

    • 2009

      1,488

    • 2008

      1,497

*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable 2013 2014 2015
Market Pension Debt
Market Pension Debt/Household $64,002 $36,543 $44,218
Market Pension Debt/Capita $15,793 $17,603 $21,356
Market Pension Debt/Total Expenditures 2.77 3.10 4.26
Market Pension Debt/Operating Expenditures 34.88 745.43 -4.79
Market Pension Debt/Payroll 9.32 10.17 11.87
Market Pension Debt/Employer Total Pension Contributions NA NA NA
Market Pension Debt/Total Revenues 2.58 2.65 3.75
Market Pension Debt/Tax Revenues 12.42 13.87 16.70
Actuarial Pension Debt
Actuarial Pension Debt/Household $18,221 $11,485 $13,417
Actuarial Pension Debt/Capita $4,496 $5,532 $6,480
Actuarial Pension Debt/Total Expenditures 0.79 0.97 1.29
Actuarial Pension Debt/Operating Expenditures 9.93 234.28 -1.45
Actuarial Pension Debt/Payroll 2.65 3.20 3.60
Actuarial Pension Debt/Employer Total Pension Contribution NA NA NA
Actuarial Pension Debt/Total Revenues 0.74 0.83 1.14
Actuarial Pension Debt/Tax Revenues 3.54 4.36 5.07
Employer Total Pension Contribution
Employer Total Pension Contribution ($)/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

      $44,218

    • 2014

      $36,543

    • 2013

      $64,002

    • 2012

      $39,284

    • 2011

      $26,093

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Capita


    • 2015

      $21,356

    • 2014

      $17,603

    • 2013

      $15,793

    • 2012

      $19,070

    • 2011

      $12,519

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Total Expenditures


    • 2015

      4.26

    • 2014

      3.10

    • 2013

      2.77

    • 2012

      3.24

    • 2011

      2.06

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Operating Expenditures


    • 2015

      -4.79

    • 2014

      745.43

    • 2013

      34.88

    • 2012

      9.74

    • 2011

      5.88

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Payroll


    • 2015

      11.87

    • 2014

      10.17

    • 2013

      9.32

    • 2012

      10.40

    • 2011

      6.20

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Employer Total Pension Contributions


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      4,708.87

    • 2011

      3,343.62

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Total Revenues


    • 2015

      3.75

    • 2014

      2.65

    • 2013

      2.58

    • 2012

      3.31

    • 2011

      1.97

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Market Pension Debt/Tax Revenues


    • 2015

      16.70

    • 2014

      13.87

    • 2013

      12.42

    • 2012

      15.47

    • 2011

      10.10

    • 2010

      NA

    • 2009

      NA

    • 2008

      NA

  • Variable

    Actuarial Pension Debt/Household


    • 2015

      $13,417

    • 2014

      $11,485

    • 2013

      $18,221

    • 2012

      $10,521

    • 2011

      $11,145

    • 2010

      $11,035

    • 2009

      $12,416

    • 2008

      $1,444

  • Variable

    Actuarial Pension Debt/Capita


    • 2015

      $6,480

    • 2014

      $5,532

    • 2013

      $4,496

    • 2012

      $5,107

    • 2011

      $5,347

    • 2010

      $5,176

    • 2009

      $5,712

    • 2008

      $658

  • Variable

    Actuarial Pension Debt/Total Expenditures


    • 2015

      1.29

    • 2014

      0.97

    • 2013

      0.79

    • 2012

      0.87

    • 2011

      0.88

    • 2010

      0.83

    • 2009

      1.11

    • 2008

      0.11

  • Variable

    Actuarial Pension Debt/Operating Expenditures


    • 2015

      -1.45

    • 2014

      234.28

    • 2013

      9.93

    • 2012

      2.61

    • 2011

      2.51

    • 2010

      -3.55

    • 2009

      8.36

    • 2008

      0.49

  • Variable

    Actuarial Pension Debt/Payroll


    • 2015

      3.60

    • 2014

      3.20

    • 2013

      2.65

    • 2012

      2.79

    • 2011

      2.65

    • 2010

      2.86

    • 2009

      3.00

    • 2008

      0.33

  • Variable

    Actuarial Pension Debt/Employer Total Pension Contribution


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      1,261.08

    • 2011

      1,428.23

    • 2010

      15.79

    • 2009

      16.73

    • 2008

      1.76

  • Variable

    Actuarial Pension Debt/Total Revenues


    • 2015

      1.14

    • 2014

      0.83

    • 2013

      0.74

    • 2012

      0.89

    • 2011

      0.84

    • 2010

      0.74

    • 2009

      0.96

    • 2008

      0.13

  • Variable

    Actuarial Pension Debt/Tax Revenues


    • 2015

      5.07

    • 2014

      4.36

    • 2013

      3.54

    • 2012

      4.14

    • 2011

      4.32

    • 2010

      4.08

    • 2009

      4.66

    • 2008

      0.50

  • Variable

    Employer Total Pension Contribution ($)/Total Expenditures


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      0.1%

    • 2011

      0.1%

    • 2010

      5.2%

    • 2009

      6.6%

    • 2008

      6.2%

  • Variable

    Employer Total Pension Contribution ($)/Operating Expenditures


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      0.2%

    • 2011

      0.2%

    • 2010

      -22.5%

    • 2009

      49.9%

    • 2008

      27.6%

  • Variable

    Employer Total Pension Contribution ($)/Total Revenues


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      0.1%

    • 2011

      0.1%

    • 2010

      4.7%

    • 2009

      5.7%

    • 2008

      7.1%

  • Variable

    Employer Total Pension Contribution ($)/Tax Revenues


    • 2015

      NA

    • 2014

      NA

    • 2013

      NA

    • 2012

      0.3%

    • 2011

      0.3%

    • 2010

      25.9%

    • 2009

      27.9%

    • 2008

      28.6%

*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