Here's how much cities, counties and special districts in the mid-Peninsula have in pension debt.

"Unfunded liability" refers to the amount of money these agencies are short in their pension funds and have no plan to repay.

"Termination liability" refers to what it would cost if the agency were to drop CalPERS as its pension fund manager and pay all of the current and former employees the pensions they’re owed.

These agencies' unfunded liabilities exist because the cost of paying the pensions exceeds the expected growth in CalPERS' investments. CalPERS says its investments will yield an annual return of 7.5% on average, a figure critics say is unrealistically optimistic.

The cost to terminate CalPERS is higher because the pension fund uses a lower number to calculate its expected growth, 2.9%.

"Misc." refers to non-police, non-fire government, which are described in pension funds as miscellaneous employees.

The figures below are estimates provided by CalPERS as of June 30, 2013.

Santa Clara County unfunded liability
Misc.: $2,058,181,282
Safety: $595,447,200
TOTAL: $2.6 billion

Palo Alto unfunded liability
Misc.: $190,312,394
Police & Fire: $105,249,136
TOTAL: $295 million

Palo Alto unfunded termination liability
Misc.: $537,886,452
Police & Fire: $327,054,255
TOTAL: $864.9 million

Menlo Park unfunded liability
Misc.: $21,461,088
Police: $15,662,295
TOTAL: $37.1 million

Menlo Park unfunded termination liability
Misc.: $95,056,793
Police: $77,415,816
TOTAL: $138.35 million

Belmont unfunded liability
Misc.: $12,495,623
Police & Fire: $12,531,377
TOTAL: $25 million

Belmont unfunded termination liability
Misc.: $40,957,350
Police & Fire: $43,264,749
TOTAL: $84.2 million

Belmont-San Carlos Fire unfunded liability*
Misc.: $664,600
Fire: $27,598,289
TOTAL: $28.26 million

Belmont-San Carlos Fire unfunded termination liability*
Misc.: $2,417,947
Fire: $86,595,055
TOTAL: $89 million

East Palo Alto unfunded liability
Misc.: $3,061,212
Police: $4,910,754
TOTAL: $7.97 million

East Palo Alto unfunded termination liability
Misc.: $9,540,338
Police: $13,968,840
TOTAL: $23.5 million

Los Altos unfunded liability
Misc.: $12,989,823
Police: $10,072,825
TOTAL: $23.1 million

Los Altos unfunded termination liability
Misc.: $41,926,896
Police: $46,021,703
TOTAL: $87.9 million

Mountain View unfunded liability
Misc.: $88,605,882
Police & Fire: $79,294,449
TOTAL: $167.9 million

Mountain View unfunded termination liability
Misc.: $275,051,547
Police & Fire: $259,463,724
TOTAL: $534.5 million

San Mateo unfunded liability
Misc.: $51,115,263
Police & Fire: $110,458,365
TOTAL: $161.5 million

San Mateo unfunded termination liability
Misc.: $161,332,604
Police & Fire: $309,824,679
TOTAL: $471.1 million

San Carlos unfunded liability
Misc.: $15,660,856
Misc. 2nd Tier: $80,327
Misc. 3rd Tier: $12,219
Police: $14,810,870*
Fire: $167,163*
TOTAL: $30.7 million

San Carlos unfunded termination liability
Misc.: $49,132,048
Misc. 2nd Tier: $229,189
Misc. 3rd Tier: $104,357
Police: $51,863,162*
Fire: $267,862*
TOTAL: $101.6 million

Redwood City unfunded liability
Misc.: $72,176,954
Police & Fire: $95,589,511
TOTAL: $167.7 million

Redwood City unfunded termination liability
Misc.: $214,380,208
Police & Fire: $295,283,796
TOTAL: $509.6 million

Woodside unfunded liability
Misc.: $2,653,643#
TOTAL: $2.6 million#

Woodside unfunded termination liability
Misc.: $9,565,075#
TOTAL: $9.5 million#

Portola Valley unfunded liability
Misc.: $955,472
TOTAL: $955,472

Portola Valley unfunded termination liability
Misc.: $3,686,922
TOTAL: $3.7 million

Los Altos Hills unfunded liability
Misc.: $2,009,205
TOTAL: $2 million

Los Altos Hills unfunded termination liability
Misc.: $8,598,677
TOTAL: $8.5 million

Hillsborough unfunded liability
Misc.: $7,598,476
Police: $8,483,303
TOTAL: 16.1 million

Hillsborough unfunded termination liability
Misc.: $29,304,508
Police: $35,308,416
TOTAL: $64.6 million

Atherton unfunded liability
Misc.: $2,723,291
Police: $7,203,729
TOTAL: $9.9 million

Atherton unfunded termination liability
Misc.: $11,946,206
Police: $30,242,892
TOTAL: $42.1 million

Burlingame unfunded liability
Misc.: $27,966,731
Safety: $16,989,639
TOTAL: $44.9 million

Burlingame unfunded termination liability
Misc.: $97,424,120
Police & Fire: $70,785,820
TOTAL: $168.2 million

TRANSIT AGENCIES

SamTrans unfunded liability
Misc.: $43,416,290#
TOTAL: $43.4 million#

SamTrans unfunded termination liability
Misc.: $210,574,728#
TOTAL: $210.57 million#

VTA unfunded liability
Misc.: $80,802,242
TOTAL: $80.8 million

VTA unfunded termination liability
Misc.: $301,848,245
TOTAL: $301.8 million

SPECIAL DISTRICTS

Menlo Park Fire Protection District unfunded liability
Fire: $36,557,614
Misc: $1,493,868
TOTAL: $38 million

Menlo Park Fire Protection District unfunded termination liability
Fire: $146,152,290
Misc: $4,926,052
TOTAL: $151 million

Woodside Fire unfunded liability
Misc.: $200,904
Fire Tier 1: $13,434,520
Fire Tier 2: $6,154
TOTAL: $13.6 million

Woodside Fire unfunded
termination liability
Misc.: $817,867
Fire Tier 1: $54,733,928
Fire Tier 2 $1,624
TOTAL: $55.5 million

Mid-Peninsula Water unfunded liability
Misc.: $1,096,423
TOTAL: $1.1 million

Mid-Peninsula Water termination liability
Misc: $3,681,196
TOTAL: $3.7 million

Midpeninsula Regional Open Space District unfunded liability
Misc.: $9,848,203
TOTAL: $9.8 million

Midpeninsula Regional Open Space District unfunded termination liability
Misc.: $33,191,897
TOTAL: $33.1 million

San Mateo County Harbor District unfunded liability
Misc.: $3,554,940
TOTAL: $3.5 million

San Mateo County Harbor District unfunded termination liability
Misc.: $11,352,361
TOTAL: $11.3 million

San Mateo City County Association of Governments unfunded liability
Misc.: $318,724
TOTAL: $318,724

San Mateo City County Association of Governments unfunded liability
Misc.: $1,173,394
TOTAL: $1.1 million

East Palo Alto Sanitary District unfunded liability
Misc.: $1,107,996
TOTAL: $1.1 million

East Palo Alto Sanitary unfunded termination liability
Misc.: $3,404,119
TOTAL: $3.4 million

Santa Clara Valley Water District unfunded liability
Misc.: $161,618,408
TOTAL: $161.6 million

Santa Clara Valley Water District unfunded termination liability
Misc.: $531,664,809
TOTAL: $531.6 million

* Police or fire departments that have outsourced all their employees but still carry liabilities from previous years.
# Data for the year ending June 30, 2012.
The figures for Los Altos were incorrect when originally published. The correct numbers appear above.