San Francisco Employees Retirement System vs Los Angeles Fire & Police Pensions (LAFPP)
Side-by-side pension health comparison from DOL and public plan data
San Francisco Employees Retirement System (A) and Los Angeles Fire & Police Pensions (LAFPP) (A) are close on the LakeQuality rubric. Funding ratios sit at 87% 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 San Francisco Employees Retirement System at 82/100 (A). Funding ratios differ by 2.2 percentage points (89.5% vs 87.3%). Los Angeles Fire & Police Pensions (LAFPP) covers 27,500 participants.
| Metric | San Francisco Employees Retirement System | Los Angeles Fire & Police Pensions (LAFPP) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 82/100 (A) | 84/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 87.3% | 89.5%* |
| Total Assets | $33.8B | $31.2B |
| Total Liabilities | $38.7B | $34.9B* |
| Unfunded Liability | $4.9B | $3.7B* |
| Participants | 68,000 | 27,500 |
| 1-Year Investment Return | 6.4% | 6.5%* |
| Plan Type | public | public |
| PBGC Risk Level | low | low |
| Sponsor | City and County of San Francisco | City of Los Angeles |
Los Angeles Fire & Police Pensions (LAFPP) has a stronger Pension Health Score of 84/100 (A) compared to San Francisco Employees Retirement System at 82/100 (A). Funding ratios differ by 2.2 percentage points (89.5% vs 87.3%). Los Angeles Fire & Police Pensions (LAFPP) covers 27,500 participants.
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