Plan Type: Defined Benefit
Accrual Rate: 1.6 - 2.8%
Employee Contribution: 1.7 - 7.25% (4.23% in 2008)
Value of Assets: $208,572,000
Accrued Liability: $254,356,000
Unfunded Accrued Liability: $45,784,000
Required Contribution: $6,022,000
Required Contribution per Household: $121.64
Plan Type: Defined Benefit
Accrual Rate: 3.2% (capped at 80%)
Employee Contribution: 7.58 - 9.52% (depending on position)
Value of Assets: $293,571,000
Accrued Liability: $315,635,000
Unfunded Accrued Liability: $22,064,000
Required Contribution: $6,521,000
Required Contribution per Household: $131.72
Required Contribution: $9,026,892 (ERS), $12,005,858 (Police & Fire)
Required Contribution per Household: $424.86 total