| Rank | PLAN SPONSOR | Funding Method | Assumed Investment Return | Base Wage Inflation | Assumed "Excess" Investment Return | Authorized Period (years) | Valuation Asset Corridor | Assest Smoothing Period | |||
| 2013 | 2011 | 2010 | 2009 | (a) | (b) | (a) - (b) | |||||
| 1 | 1 | 2 | 2 | CalPERS - Legislative | EAN | 5.75% | 3.00% | 2.75% | 29-declining but FR > 100% | Y: 80-120 | 15 |
| 2 | 9 | 9 | 10 | San Mateo County | EAN | 7.50% | 3.75% | 3.75% | 11 - declining; G/L 15 layered | Y: 80-120 | 5 |
| 3 | 4 | 5 | 5 | CalPERS - Judges 1 | EAN | 7.00% | 3.00% | 4.00% | 21-declining; G/L 30 layered | Y: 80-120 | 15 |
| 4 | 5 | 4 | 4 | Contra Costa County | EAN | 7.75% | 4.25% | 3.50% | 11 - declining; G/L 18 layered | N | 5 |
| 5 | 6 | 8 | 7 | LA Department of Water & Power | EAN | 7.75% | 4.25% | 3.50% | 15 - layered Level $$ | N | 5 |
| 6 | 12 | 12 | 16 | San Bernardino County | EAN | 7.75% | 4.00% | 3.75% | 10-declining; G/L layered 20 | N | 4 |
| 7 | 10 | 11 | 15 | City of San Diego | EAN | 7.50% | 3.75% | 3.75% | 16-declining;G/L layered 15 | Y: 80-120 | 4 |
| 8 | 11 | 37 | 36 | Alameda-Contra Costa Transit 4 | EAN | 7.50% | 3.00% | 4.50% | most 14-declining to 12 then open | Y: 80-120 | 5 |
| 9 | 21 | 21 | 14 | Marin County4 | EAN | 7.50% | 3.50% | 4.00% | most 17-rolling thru 2013 | Y: 80-120 | 5 |
| 10 | 8 | 3 | 3 | City & County of San Francisco | EAN | 7.75% | 4.00% | 3.75% | 20-layered; G/L 15 layered | N | 5 |
| 11 | 13 | 10 | 12 | Ventura County | EAN | 8.00% | 4.25% | 3.75% | 8-declining; G/L 15 - layered | N | 5 |
| 12 | 34 | 33 | 35 | Orange County | EAN | 7.25% | 3.75% | 3.50% | 22-declining; G/L 15 layered | N | 5 |
| 13 | 14 | 13 | 11 | Sonoma County | EAN | 7.75% | 4.25% | 3.50% | 16-declining; G/L 20 layered | N | 5 |
| 14 | 15 | 6 | 6 | University of California | EAN | 7.50% | 4.30% | 3.20% | 28-declining, G/L 30 layered Level $$ | N | 5 |
| 15 | 16 | 14 | 9 | Merced County | EAN | 7.75% | 3.75% | 4.00% | 18- declining | Y: 70-130 | 5 |
| 16 | 17 | 16 | 19 | Los Angeles Fire & Police | EAN | 7.75% | 4.25% | 3.50% | Non- G/L most 26 declining; G/L-most 15 layered. Overall equivalent to 17.8 years | Y: 60-140 | 7 |
| 17 | 3 | 7 | 13 | City of San Jose (Safety) | EAN | 7.50% | 3.50% | 4.00% | 26(Police) 28(Fire) - declining; G/L 16 layered | Y: 80-120 | 5 |
| 18 | 18 | 30 | 31 | Santa Barbara County | EAN | 7.75% | 3.75% | 4.00% | most 17-rolling | Y: 80-120 | 5 |
| 19 | 19 | 19 | 21 | Tulare County | EAN | 7.90% | 4.00% | 3.90% | 15 - rolling | N | 10 |
| 20 | 24 | 23 | 25 | Kern County | EAN | 7.75% | 4.50% | 3.25% | 23.5 - declining; G/L 18 layered | Y: 50-150 | 5 |
| 21 | 35 | 35 | 28 | San Luis Obispo County8 | EAN | 7.25% | 3.25% | 4.00% | 28 - declining | N | 5 |
| 22 | 20 | 22 | 24 | Fresno County | EAN | 7.75% | 4% | 3.75% | 22-declining; G/L 15 layered | Y: 70-130 | 5 |
| 23 | 22 | 15 | 17 | Imperial County | EAN | 7.75% | 4% | 3.75% | 20 - declining | Y: 70-130 | 5 |
| 24 | 23 | 17 | 20 | Alameda County | EAN | 7.80% | 4% | 3.80% | 21 - declining | Y: 60-140 | 5 |
| 25 | 25 | 24 | 29 | Sacramento County | EAN | 7.50% | 3.50% | 4.00% | Most 23 - declining | Y: 70-130 | 7 |
| 26 | 26 | 20 | 22 | City of Los Angeles | PUC | 7.75% | 4.25% | 3.50% | 24-declining G/L 15-layered | Y: 60-140 | 7 |
| 27 | 27 | 26 | 27 | Los Angeles County | EAN | 7.60% | 3.85% | 3.75% | 27 - declining; G/L 30 layered | N | 5 |
| 28 | 28 | 25 | 23 | San Joaquin County | EAN | 7.75% | 3.25% | 4.50% | 20-rolling next 2 years; | Y: 80-120 | 5 |
| 29 | 33 | 34 | 40 | City of San Jose (General) | EAN | 7.50% | 3.25% | 4.25% | 27 - declining; G/L layered 20 | N | 5 |
| 30 | 36 | 27 | 8 | Mendocino County | EAN | 7.00% | 4.00% | 3.00% | 28-declining | Y: 75-125 | 5 |
| 31 | 30 | 29 | 30 | San Diego County | EAN | 8.00% | 4.25% | 3.75% | 12-declining; G/L 20 layered | N | 5 |
| 32 | 37 | 38 | 37 | CalPERS3 | EAN | 7.50% | 3.00% | 4.50% | most-layered 20; G/L 30-layered | Y: 80-120 | 15 |
| 33 | 32 | 31 | 32 | City of Fresno (Safety)7 | EAN | 8.00% | 4% | 4.00% | 15 rolling (100+% FR) | N | 5 |
| 34 | 31 | 32 | 33 | City of Fresno (General)6 | PUC | 8.00% | 4% | 4.00% | 15 rolling (100+% FR) | N | 5 |
| 35 | 29 | 28 | 26 | CalSTRS | EAN | 7.50% | 3.75% | 3.75% | 1.12%. < 30-year amortization | N | 3 |
| 36 | 40 | 40 | 39 | East Bay Municipal Utility | EAN | 7.75% | 3.75% | 4.00% | 30 - layered; Future G/L-20 layered | Y: 70-130 | 5 |
| 37 | 39 | 39 | 38 | Stanislaus County5 | EAN | 8.00% | 3.75% | 4.25% | 25 - declining | Y: 80-120 | 5 |
Bold indicates change from previous survey.
FR = Funded ratio
POB = Pension Obligation Bond
G/L = actuarial gains/actuarial losses
"Layered" means a new amotization base is created each year.
NOTES:
1: This does not reflect the closed Judges I system: Tier 1 features include pay-as-you-go funding and a 4.25% assumed investment return
2: Legal agreement determines contribution level -- pegged to specified funded ratios
3: Reflects change in 2010 valuations; two-year lag in valuations
4: 50% of "extraordinary" 2008/09 losses amortized over 30 years.
5: No pay Increases assumed for next three years
6: Amortization will revert to average future working lifetime, roughly 10 years, in event FR becomes < 100%
7: Amortization will become 30 years in event FR becomes < 100%
8: 2008 "extraordinary" actuarial losses amortized over 10 years
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