Plan Type: Defined benefit, for those hired before Oct. 1, 2003
Accrual Rate: 1.7 - 2.6%
Employee Contribution: 0 - 9%
Value of Assets: $801,533,000
Accrued Liability: $1,071,781,000
Unfunded Accrued Liability: $270,248,000
Required Contribution: $21,337,148
Required Contribution per Household: $437.74
Plan Type: Defined contribution, for those hired on or after Oct. 1, 2003
Employer Contribution: 10%
Employee Contribution: 5%
Value of Assets: $0 (PAYGO)
Accrued Liability: $787,695,883
Unfunded Accrued Liability: $787,695,883
Required Contribution: $60,188,371
Actual Contribution: $19,192,440
Required Contribution per Household: $1,234.79
Value of Assets: $3,900,000
Accrued Liability: $85,218,296
Unfunded Accrued Liability: $81,318,296
Required Contribution: $7,799,755
Required Contribution per Household: $160.02
Information from 2008 CAFR.