Plan Type: Defined benefit
Accrual Rate: 2.5%
Value of Assets: $445,962,000
Accrued Liability: $490,334,000
Unfunded Accrued Liability: $44.373,000
County Required Contribution: $11,949,881
Required Contribution per Household: $70.37
Plan Type: Defined contribution
Employee Contribution: 3 - 7%
Employer Contribution: 10%
Plan Type: Defined benefit
Employee Contribution: 1%
Value of Assets: $31,466,327
Accrued Liability: $192,786,118
Unfunded Accrued Liability: $161,319,791
County Required Contribution: $13,011,503
Required Contribution per Household: $76.62
Plan Type: Defined benefit
Employee Contribution: None required
County Required Contribution: $5,133,173
Required Contribution per Household: $30.23
Information from Genesee County's most recent CAFR.