Plan Type: Defined benefit
Employee Contribution: 1.0 - 6.5%
Value of Assets: $506,592,573
Accrued Liability: $344,799,153
Unfunded Accrued Liability: Overfunded $161,793,420
Required Contribution: None required
Employee Contribution: 0.5%
Value of Assets: $0
Accrued Liability: $206,854,739
Unfunded Accrued Liability: $206,854,739
Required Contribution: $18,129,246
Required Contribution per Resident: $249.59
Actual Contribution: $6,208,989
Actual Contribution per Household: $616.37
Information from Employee Pension Handbook and City of Kalamazoo CAFR.