Plan Type: Defined benefit
Employee Contribution: 0 - 19.61%
Value of Assets: $202,178,200
Accrued Liability: $260,328,809
Unfunded Accrued Liability: $58,150,609
County Required Contribution: $6,592,937
Required Contribution per Household: $60.71
Plan Type: Defined benefit administered by the Municipal Employees Retirement System of Michigan
Employee Contribution: 0%
Value of Assets: $23,416,327
Accrued Liability: $29,838,351
Unfunded Accrued Liability: $6,422,024
County Required Contribution: $793,065
Required Contribution per Household: $7.30
Plan Type: Defined benefit
Employee Contribution: One-half of premium (approx. $347/month), and 100% of premium for spousal and dependent coverage
Value of Assets: $0
Accrued Liability: $100,784,857
Unfunded Accrued Liability: $100,784,857
County Required Contribution: $7,532,122
Required Contribution per Household: $69.36
Plan Type: Defined benefit
Employee Contribution: None required
Value of Assets: $0
Accrued Liability: $18,970,679
Unfunded Accrued Liability: $18,970,679
County Required Contribution: $1,335,048
Required Contribution per Household: $12.29
Information from Ingham County's most recent CAFR.