Santa Ana Police Pension Fund
public plan · City of Santa Ana · San Diego, CA
Funding History
What This Means for You
Santa Ana Police Pension Fund is significantly underfunded at 63%, with $795.1M in unfunded liabilities affecting 8,863 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. Public plans cannot declare bankruptcy, but severe underfunding may lead to reduced cost-of-living adjustments or increased employee contributions. If you are a participant, it is important to understand your options and consider diversifying your retirement income sources.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $1.4B | $2.1B | 63.0% | $93.2M |
| 2024 | $1.3B | $2.3B | 55.8% | $114.6M |
| 2023 | $1.3B | $1.9B | 67.0% | $95.2M |
| 2022 | $1.2B | $1.7B | 70.7% | $91.4M |
| 2021 | $1.2B | $1.6B | 71.1% | $109.6M |
Frequently Asked Questions
Santa Ana Police Pension Fund is 63% funded, meaning it has 63 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
Santa Ana Police Pension Fund has 8,863 total participants, including 5,649 active employees and 3,214 retirees currently receiving benefits.
Santa Ana Police Pension Fund is not covered by the PBGC. Benefits depend entirely on the plan's assets and the sponsor's ability to fund it.
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.