Pension Plan Funding Level
SAN FRANCISCO EMPLOYEES' RETIREMENT SYSTEMS (SFERS) FUNDING RATIO
How San Francisco is Performing
San Francisco's SFERS pension plan was 86.3% funded as of July 1, 2017, based on the actuarial value of the plan's assets. That ratio is up slightly from July 1, 2016, when the SFERS plan was 84.6% funded.
SFERS’ Unfunded Actuarial Liability (UAL) decreased by approximately $228 million. The actuarial value of SFERS assets totaled $22.185 billion as of July 1, 2017, an increase of $1.53 billion (7.4 percent) over the previous year. This increase reflected smoothed investment returns and contributions offset by benefits and expenses paid during the year. Total pension benefit obligations were $25.706 billion, an increase of $1.3 billion (5.3 percent) over the previous year, including a $200 million increase as a result of the 2017 Supplemental COLA.
How Performance is Measured
- Learn more about the San Francisco Employees' Retirement System (SFERS).
- Download the annual actuarial valuations for SFERS.