State Data » California » San Diego City ERS » San Diego City ERS

San Diego City ERS Basics

  • Established 1927
  • Currently open to new hires
  • Plan covers local employees
  • Plan members covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, San Diego City ERS, 2001-2018

Fiscal Year Net Assets (billions)
2001 2.6
2002 2.5
2003 2.5
2004 3.1
2005 3.5
2006 4.0
2007 4.7
2008 4.4
2009 3.4
2010 3.8
2011 4.8
2012 4.7
2013 5.3
2014 6.8
2015 6.9
2016 6.8
2017 7.6
2018 8.1

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year San Diego City ERS US State and Local Pensions
2001 2.0 2.5
2002 2.0 2.4
2003 1.8 2.3
2004 1.7 2.2
2005 1.6 2.1
2006 1.4 2.1
2007 1.3 2.0
2008 1.2 2.0
2009 1.1 1.9
2010 1.1 1.8
2011 1.0 1.7
2012 0.8 1.6
2013 0.8 1.5
2014 0.8 1.5
2015 0.8 1.5
2016 0.7 1.4
2017 0.7 1.4
2018 0.6 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for San Diego City ERS, 2001-2018

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll {role:annotation}
2001 6.1 6.1 5.0 12.2 12.2
2002 7.6 5.1 4.8 12.7 12.7
2003 11.0 6.2 5.7 17.2 17.2
2004 12.8 13.2 7.3 25.9 25.9
2005 21.9 10.6 9.0 32.5 32.5
2006 50.8 0.0 9.3 31.8 31.8
2007 33.0 0.0 10.0 31.6 31.6
2008 30.9 0.0 10.4 25.7 25.7
2009 30.3 0.0 10.2 30.1 30.1
2010 36.3 0.0 10.5 29.1 29.1
2011 44.5 0.0 12.5 44.5 44.5
2012 45.2 0.0 12.9 45.2 45.2
2013 46.3 0.0 14.0 46.3 46.3
2014 60.9 0.0 14.4 60.8 60.8
2015 58.6 0.0 14.9 58.6 58.6
2016 58.8 0.0 14.8 58.7 58.7
2017 62.6 0.0 15.1 62.3 62.3
2018 76.7 0.0 15.9 76.3 76.3

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for San Diego City ERS, 2001-2018

Fiscal Year San Diego City ERS National Data
2001 89.9 106.5
2002 77.3 101.1
2003 67.2 94.2
2004 65.8 93.1
2005 68.2 91.1
2006 79.9 90.5
2007 78.8 91.2
2008 78.1 90.2
2009 66.5 83.2
2010 67.1 81.5
2011 68.5 80.4
2012 68.6 78.9
2013 70.4 78.7
2014 74.2 79.0
2015 75.6 78.2
2016 71.6 76.3
2017 71.2 76.4
2018 70.8 76.6

Source: Public Plans Database

National data averages are weighted by plan size and reflects the average for plans of similar type and Social Security coverage.

Investments

Asset Allocation for San Diego City ERS, 2018

Category Percent
Equities 44.5
Fixed Income 27.3
Private Equity 13.6
Real Estate 9.0
Cash 2.2
Other 0.0
Commodities 0.0
Hedge Fund 3.4
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2018

Category Percent
Equities 48.3
Fixed Income 22.2
Private Equity 9.0
Real Estate 8.4
Cash 1.8
Other 0.3
Commodities 1.9
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for San Diego City ERS, 2001-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 52.0 29.0 0.0 10.0 9.0 0.0 0.0 0.0 0.0
2002 51.9 28.0 0.0 10.5 9.6 0.0 0.0 0.0 0.0
2003 55.3 35.9 0.0 8.7 0.1 0.0 0.0 0.0 0.0
2004 55.1 36.1 0.0 8.6 0.1 0.0 0.0 0.0 0.0
2005 54.2 36.7 0.0 9.0 0.1 0.0 0.0 0.0 0.0
2006 54.2 36.7 0.0 9.0 0.1 0.0 0.0 0.0 0.0
2007 58.2 32.8 0.0 9.0 0.0 0.0 0.0 0.0 0.0
2008 53.8 36.0 0.0 10.2 0.0 0.0 0.0 0.0 0.0
2009 54.1 29.5 0.0 9.3 0.4 0.0 0.0 6.7 0.0
2010 55.3 28.7 0.9 8.6 1.9 0.0 0.0 4.6 0.0
2011 54.5 28.8 1.7 9.9 4.5 0.0 0.0 0.6 0.0
2012 54.2 30.5 2.9 10.1 1.4 0.0 0.4 0.1 0.0
2013 56.1 27.2 4.3 9.6 2.2 0.0 0.6 0.0 0.0
2014 51.2 28.1 5.5 9.6 2.7 0.0 0.7 2.2 0.0
2015 48.4 27.1 10.6 10.0 1.3 0.0 0.0 2.6 0.0
2016 44.4 27.5 12.7 10.4 1.7 0.0 0.0 3.3 0.0
2017 45.0 26.6 14.8 9.3 1.2 0.0 0.0 3.1 0.0
2018 44.5 27.3 13.6 9.0 2.2 0.0 0.0 3.4 0.0

Source: Public Plans Database


Annual Return as of June 30 for San Diego City ERS, 2001-2018

Fiscal Year San Diego City ERS Assumed return
2001 -0.45 8.00
2002 -2.48 8.00
2003 5.44 8.00
2004 20.21 8.00
2005 10.80 8.00
2006 12.73 8.00
2007 16.50 8.00
2008 -4.66 7.75
2009 -19.20 7.75
2010 13.40 7.75
2011 24.20 7.50
2012 0.90 7.50
2013 13.60 7.25
2014 16.80 7.25
2015 3.30 7.25
2016 1.10 7.00
2017 13.50 6.75
2018 8.20 6.50

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
San Diego City ERS
2001-2018

Fiscal Year Cash Flow Assets
2001 -28.5 2,599.3
2002 3.7 2,527.5
2003 0.6 2,520.3
2004 26.6 3,083.7
2005 16.7 3,451.8
2006 90.8 4,013.8
2007 -22.6 4,681.7
2008 -45.9 4,384.8
2009 -74.4 3,354.3
2010 -59.7 3,786.0
2011 -56.0 4,769.8
2012 -91.4 4,710.5
2013 -103.6 5,322.4
2014 -48.2 6,772.1
2015 -111.2 6,885.0
2016 -146.8 6,807.9
2017 -167.1 7,568.8
2018 -137.8 8,075.2

Source: Public Plans Database


Cash Flow as a Percentage of Assets
San Diego City ERS
2001-2018

Fiscal Year San Diego City ERS National Average
2001 -1.1 -2.3
2002 0.1 -2.3
2003 0.0 -2.6
2004 0.9 -1.7
2005 0.5 -1.9
2006 2.3 -1.9
2007 -0.5 -1.7
2008 -1.0 -1.9
2009 -2.2 -2.7
2010 -1.6 -2.9
2011 -1.2 -2.8
2012 -1.9 -3.1
2013 -1.9 -3.0
2014 -0.7 -2.7
2015 -1.6 -2.8
2016 -2.2 -3.0
2017 -2.2 -2.9
2018 -1.7 -2.4

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports

Benefits

Website for San Diego City ERS benefit descriptions.