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PensionRisk

California State Teachers Retirement System (CalSTRS) vs Los Angeles Fire & Police Pensions (LAFPP)

Side-by-side pension health comparison from DOL and public plan data

California State Teachers Retirement System (CalSTRS) (B) and Los Angeles Fire & Police Pensions (LAFPP) (A) are close on the LakeQuality rubric. Funding ratios sit at 73% and 90% respectively — within a few points of each other.

With grades this close, the comparison turns on plan-specific factors: status (active vs frozen), participant maturity, sponsor financial health, and multi-year trajectory rather than the headline composite.

Verdict

Los Angeles Fire & Police Pensions (LAFPP) has a stronger Pension Health Score of 84/100 (A) compared to California State Teachers Retirement System (CalSTRS) at 73/100 (B). Funding ratios differ by 16.6 percentage points (89.5% vs 72.9%). Los Angeles Fire & Police Pensions (LAFPP) covers 27,500 participants.

MetricCalifornia State Teachers Retirement System (CalSTRS)Los Angeles Fire & Police Pensions (LAFPP)
Health Score
Composite of funding ratio, trend, and PBGC risk
73/100 (B)84/100 (A)*
Funding Ratio
Assets as % of liabilities (100%+ is fully funded)
72.9%89.5%*
Total Assets$318.0B$31.2B
Total Liabilities$436.0B$34.9B*
Unfunded Liability$118.0B$3.7B*
Participants985,00027,500
1-Year Investment Return6.2%6.5%*
Plan Typepublicpublic
PBGC Risk Levelmoderatelow
SponsorState of CaliforniaCity of Los Angeles

Los Angeles Fire & Police Pensions (LAFPP) has a stronger Pension Health Score of 84/100 (A) compared to California State Teachers Retirement System (CalSTRS) at 73/100 (B). Funding ratios differ by 16.6 percentage points (89.5% vs 72.9%). Los Angeles Fire & Police Pensions (LAFPP) covers 27,500 participants.

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