California State Teachers Retirement System (CalSTRS) vs San Francisco Employees Retirement System
Side-by-side pension health comparison from DOL and public plan data
California State Teachers Retirement System (CalSTRS) (B) and San Francisco Employees Retirement System (A) are close on the LakeQuality rubric. Funding ratios sit at 73% and 87% 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
San Francisco Employees Retirement System has a stronger Pension Health Score of 82/100 (A) compared to California State Teachers Retirement System (CalSTRS) at 73/100 (B). Funding ratios differ by 14.4 percentage points (87.3% vs 72.9%). San Francisco Employees Retirement System covers 68,000 participants.
| Metric | California State Teachers Retirement System (CalSTRS) | San Francisco Employees Retirement System |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 73/100 (B) | 82/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 72.9% | 87.3%* |
| Total Assets | $318.0B | $33.8B |
| Total Liabilities | $436.0B | $38.7B* |
| Unfunded Liability | $118.0B | $4.9B* |
| Participants | 985,000 | 68,000 |
| 1-Year Investment Return | 6.2% | 6.4%* |
| Plan Type | public | public |
| PBGC Risk Level | moderate | low |
| Sponsor | State of California | City and County of San Francisco |
San Francisco Employees Retirement System has a stronger Pension Health Score of 82/100 (A) compared to California State Teachers Retirement System (CalSTRS) at 73/100 (B). Funding ratios differ by 14.4 percentage points (87.3% vs 72.9%). San Francisco Employees Retirement System covers 68,000 participants.
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