Plan Type: Defined benefit
Accrual Rate: 2.5% (General members), 2.75% (Police & Fire)
Employee Contribution: 5%
Value of Assets: $426,283,000
Accrued Liability: $455,219,000
Unfunded Accrued Liability: $28,963,000
Required Contribution: $6,894,506
Required Contribution per Household: $150.89
Value of Assets: $70,770,000
Accrued Liability: $232,180,000
Unfunded Accrued Liability: $161,410,000
Required Contribution: $13,908,444
Required Contribution per Household: $304.39
Actual Contribution: $9,590,242
Actual Contribution per Household: $209.88
Most of the information is from Ann Arbor's most recent Certified Annual Financial Report and the City of Ann Arbor website.