San Francisco City & County Basics

  • Established 1922
  • Currently open to new hires
  • Plan covers local employees
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, San Francisco City & County, 2001-2019

Fiscal Year Net Assets (billions)
2001 11.25
2002 10.42
2003 10.53
2004 11.91
2005 13.14
2006 14.50
2007 16.95
2008 15.83
2009 11.89
2010 13.14
2011 15.60
2012 15.29
2013 17.01
2014 19.92
2015 20.43
2016 20.15
2017 22.41
2018 24.56
2019 26.08

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.

Number of Actives per Annuitant, 2001-2019

Fiscal Year San Francisco City & County US State and Local Pensions
2001 1.7 2.5
2002 1.7 2.4
2003 1.7 2.3
2004 1.7 2.2
2005 1.5 2.1
2006 1.4 2.1
2007 1.4 2.0
2008 1.4 2.0
2009 1.3 1.9
2010 1.2 1.8
2011 1.1 1.7
2012 1.1 1.6
2013 1.1 1.5
2014 1.1 1.5
2015 1.1 1.5
2016 1.1 1.4
2017 1.1 1.4
2018 1.1 1.3
2019 1.1 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for San Francisco City & County, 2001-2019

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 0.0 0.0 5.0 0.0
2002 0.0 0.0 4.8 0.0
2003 0.0 0.0 5.7 0.0
2004 0.0 0.0 7.3 0.0
2005 4.1 0.0 9.0 4.1
2006 5.9 0.0 9.3 5.9
2007 5.6 0.0 10.0 5.6
2008 5.5 0.0 10.4 5.5
2009 4.7 0.0 10.2 4.7
2010 9.3 0.0 10.5 9.3
2011 13.1 0.0 12.5 13.1
2012 17.2 0.0 12.9 17.2
2013 17.5 0.0 13.9 17.5
2014 20.2 0.0 14.5 20.2
2015 21.0 0.0 14.9 21.0
2016 17.2 0.0 14.8 17.2
2017 17.0 0.0 15.1 17.0
2018 18.3 0.0 18.1 18.3
2019 18.2 0.0 18.7 18.2

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Actuarial Funding

Actuarial Funded Ratio for San Francisco City & County, 2001-2019

Fiscal Year San Francisco City & County National Data
2001 129.0 106.5
2002 117.9 101.1
2003 109.0 94.2
2004 103.8 93.1
2005 107.6 91.1
2006 108.7 90.5
2007 110.0 91.2
2008 104.0 90.2
2009 97.0 83.2
2010 91.0 81.5
2011 88.0 80.4
2012 82.6 78.9
2013 81.0 78.7
2014 85.3 79.0
2015 86.0 78.2
2016 85.0 76.3
2017 86.0 76.4
2018 87.0 76.5
2019 88.0 76.3

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.

Copy this code into your HTML Editor, Blog Post or CMS.

Investments

Asset Allocation for San Francisco City & County, 2019

Category Percent
Equities 34.7
Fixed Income 10.0
Private Equity 20.7
Real Estate 16.6
Cash 0.0
Other 0.0
Commodities 0.0
Hedge Fund 17.0
Misc. Alternatives 0.0

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.

Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.0
Fixed Income 22.8
Private Equity 9.2
Real Estate 8.8
Cash 1.9
Other 0.0
Commodities 1.9
Hedge Fund 7.0
Misc. Alternatives 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.


Asset allocation for San Francisco City & County, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 48.0 32.0 12.0 8.0 0.0 0.0 0.0 0.0 0.0
2002 46.0 34.0 12.0 8.0 0.0 0.0 0.0 0.0 0.0
2003 47.0 32.0 12.0 9.0 0.0 0.0 0.0 0.0 0.0
2004 50.0 31.0 11.0 8.0 0.0 0.0 0.0 0.0 0.0
2005 49.0 32.0 11.0 8.0 0.0 0.0 0.0 0.0 0.0
2006 50.0 31.0 10.0 9.0 0.0 0.0 0.0 0.0 0.0
2007 52.1 28.4 9.5 10.0 0.0 0.0 0.0 0.0 0.0
2008 47.0 30.7 10.6 11.7 0.0 0.0 0.0 0.0 0.0
2009 44.6 30.9 12.2 12.3 0.0 0.0 0.0 0.0 0.0
2010 46.1 32.2 13.5 8.2 0.0 0.0 0.0 0.0 0.0
2011 50.3 28.7 12.5 8.5 0.0 0.0 0.0 0.0 0.0
2012 48.9 27.6 13.4 10.1 0.0 0.0 0.0 0.0 0.0
2013 52.3 26.3 12.2 9.2 0.0 0.0 0.0 0.0 0.0
2014 54.3 24.9 11.7 9.0 0.0 0.0 0.0 0.0 0.0
2015 52.3 25.3 11.8 10.6 0.0 0.0 0.0 0.0 0.0
2016 47.6 27.1 13.5 11.8 0.0 0.0 0.0 0.0 0.0
2017 47.6 20.4 14.7 14.7 0.0 0.0 0.0 2.6 0.0
2018 42.1 12.9 17.3 14.5 0.5 0.0 0.0 12.6 0.0
2019 34.7 10.0 20.7 16.6 0.0 0.0 0.0 17.0 0.0

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.


Annual Return as of June 30 for San Francisco City & County, 2001-2019

Fiscal Year San Francisco City & County Assumed return
2001 -10.37 8.25
2002 -4.50 8.25
2003 2.82 8.25
2004 16.34 8.00
2005 12.63 8.00
2006 13.46 8.00
2007 18.71 8.00
2008 -3.13 7.75
2009 -21.98 7.75
2010 12.55 7.75
2011 21.84 7.66
2012 1.67 7.58
2013 13.01 7.58
2014 18.73 7.50
2015 3.96 7.50
2016 1.29 7.50
2017 13.81 7.50
2018 11.14 7.40
2019 8.18 7.40

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Cash Flows

Cash Flow vs. Total Assets (Millions)
San Francisco City & County
2001-2019

Fiscal Year Cash Flow Assets
2001 -262.4 11,246.1
2002 -279.6 10,416.0
2003 -289.2 10,533.0
2004 -336.5 11,907.4
2005 -307.1 13,135.3
2006 -317.0 14,497.0
2007 -341.8 16,952.0
2008 -384.1 15,832.5
2009 -432.9 11,886.7
2010 -405.0 13,136.8
2011 -425.5 15,598.8
2012 -385.5 15,293.7
2013 -346.7 17,011.5
2014 -266.4 19,920.6
2015 -256.0 20,428.1
2016 -423.8 20,154.5
2017 -427.6 22,410.4
2018 -399.1 24,558.0
2019 -449.6 26,078.6

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.


Cash Flow as a Percentage of Assets
San Francisco City & County
2001-2019

Fiscal Year San Francisco City & County National Average
2001 -2.3 -2.3
2002 -2.7 -2.3
2003 -2.7 -2.6
2004 -2.8 -1.7
2005 -2.3 -1.9
2006 -2.2 -1.9
2007 -2.0 -1.7
2008 -2.4 -1.9
2009 -3.6 -2.7
2010 -3.1 -2.9
2011 -2.7 -2.8
2012 -2.5 -3.1
2013 -2.0 -3.0
2014 -1.3 -2.7
2015 -1.3 -2.8
2016 -2.1 -3.0
2017 -1.9 -2.9
2018 -1.6 -2.4
2019 -1.7 -2.7

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

2019 Financial Reports

Benefits

Website for San Francisco City & County benefit descriptions.