California PensionsFund Data and comparisions for, Los Angeles, San Mateo, Santa Barbara, Orange, San Joaquin , Fresno, Contra Costa, Ventura, Marin. Corruption and fraud can be found in all these funds and how they present there Data to the State

http://www.sbcgj.org/2000/aud_fin.htm

I have tried to create a chart that allows a fair comparison of California County pension fund data for Period ending 6/30/00. Based on the data available our SBCERS pension fund showed 100% funded ratio with a value of 1.2 Billion dollars after a return on investments of 6.7% for the same year ending. Of course this does not reflect the 180 million dollars pulled of “excess returns” from the fund on 12/99. Since the only data that even brings up the removal of the 180 million dollars in “Excess Returns” is not available until 2006. In 2006 the ‘White Paper’ written by Santa Barbara County Auditor Robert Geis finally makes mention of the funds being removed from the pension fund six years earlier. I divided SBCERS members into the other county’s members and came up with a equalizing factor to create the comparison.
COUNTY
Comparison to Santa Barbara County Employees Retirement System A
SBCERS x multiplier to create an equal comparison B
ACTIVE PARTICIPANTS
Multiplied by comparison factor from column A
C
Current Pension Fund
Value
And comparison to SBCERS after multiplier D
Difference between pension fund values
After multiplier applied E
Estimated funded ratio based on SBCERS known Data for 06/30/00 F
Funded Ratio Based on Other State Records
G
My comments
SBCERS Current Data 4500 Members 1.2Billion 100%
A B C D E F
Los Angeles 1x 88,420 $30.3 Billion +6.7 Billion 128% 103.3% More Fraud than SBCERS here
SBCERS 19.66×4500= 88,470 $23.6 Billion -6.7Billion 100% 100%
Orange 1x 20,357 $4.8 Billion -600 Million 89% 97.9% 600 Million Less than comparison and it still meets its obligations.
SBCERS 4.523×4500= 20,353 $5.4 Billion +600 Million 100% 100%
San Diego 1x 16,910 $3.7 Billion -800 Million 92.5% 107.4% Again another fund able to meet obligations for less money
SBCERS 3.76×4500= 16,910 $4.5 Billion +800 Million 100% 100%
San Bernardino 1x 15,529 $3.6 Billion -500 Million 88% 108.7% again
SBCERS 3.45×4500= 15,525 $4.1 Billion +500 Million 100% 100%
Sacramento 1x 10,547 $3.3 Billion +500 Million 118% 110.1% again
SBCERS 2.344×4500= 10,548 $2.8 Billion -500Million 100% 100%
Alameda 1x 9,859 $3.8 Billion +1.2 Billion 146% 108.5% Fraud here
SBCERS 2.19×4500= 9,855 $ 2.6 Billion -1.2 Billion 100% 100%
Contra Costa 1x 8,475 $2.5 Billion +250 Million 111% 80.5% Fraud here
SBCERS 1.88×4500= 8,460 $2.25Billion -250 Million 100% 100%
Kern 1x 6,853 $1.4 Billion -400 Million 78% 100.1% More for less
SBCERS 1.52×4500= 6840 $1.8 Billion +400 Million 100% 100%
Ventura 1x 6,840 $2.1 Billion +300 Million 116% 122.5% 22% better than SBCERS
SBCERS 1.52×4500= 6,840 $1.8 Billion -300 Million 100% 100%
Fresno 1x 5,899 $1.3 Billion -257 Million 83% 106.4% More for less
SBCERS 1.31×4500= 5,895 $1.57 Billion +257 Million 100% 100%
San Joaquin 1x 4,835 $1.3 Billion +10 Million 100% 107.7 More for less
SBCERS 1.075×4500= 4,837 $1.29 Billion -10 Million 100% 100%
San Mateo 1x 4,400 $1.2 Billion +30 Million 102.5% 98.4%
SBCERS .977×4500= 4,397 $1.17 Billion -30 Million 100% 100….5
Stanislaus 1x 4,281 $900 Million -214 Million 79% 104.6% wow
SBCERS .951×4500= 4,280 $1.14 Billion +214 Million 100% 100%
Sonoma 1x 4,236 $928 Million -202 Million 82% 98.6% More for less
SBCERS .941×4500= 4,234 $1.13 Billion +202 Million 100% 100%
Marin 1x 2,885 $955 Million +208 Million 128% 101.1% Fraud here
SBCERS .641×4500= 2,885 $769 Million -208 Million 100% 100%

datachart1

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About magicinsantabarbara

Our Santa Barbara Criminal and Civil Superior Courts often abuse’s us with illegal and unjust judgments and convictions. So I investigate, law enforcement, judge’s, elected officials and our California Public Pensions trying to expose the corruption we are being forced to accept. We must always respect and support those who practice the law in an even and ethical manner and demand it from those who do not. Here you can find data for SBCERS, VECRA, LACERA .pensions as well as others.
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