Plan Type: Defined contribution
Employee Contribution: 5% ($274,187)
Township Contribution: 15% ($822,555)
Township Contribution per Household: $25.13
Plan Type: Defined benefit administered by MERS
Value of Assets: $55,565,249
Accrued Liability: $82,990,185
Unfunded Accrued Liability: $27,424,936
Required Contribution: $2,679,950
Required Contribution per Household: $82
Value of Assets: $2,534,126
Accrued Liability: $56,325,080
Unfunded Accrued Liability: $53,790,954
Required Contribution: $3,623,379
Required Contribution per Household: $111
Actual Contribution: $1,355,127
Actual Contribution per Household: $41.40
Information from Canton's most recent CAFR.