Plan Type: Defined benefit
Accrual Rate: 2.4% capped at 65% (most general employees and road commission), 2.64% capped at 66% (sheriff's department)
Employee Contribution: 2.5 - 4.0%
Value of Assets: $847,305,155
Accrued Liability: $772,649,767
Unfunded Accrued Liability: Overfunded $74,655,388
County Required Contribution: $18,658,075
Required Contribution per Household: $60.34
Plan Type: Defined benefit
Employee Contribution: 25% of vision and dental coverage and prescription co-pays
Value of Assets: $106,476,217
Accrued Liability: $643,208,474
Unfunded Accrued Liability: $536,732,257
County Required Contribution: $55,483,723
Required Contribution per Household: $179.44
Plan Type: Defined benefit, administered by the Michigan Employers' Retirement System
Employee Contribution: None required
Value of Assets: $9,621,290
Accrued Liability: $87,898,593
Unfunded Accrued Liability: $78,277,303
County Required Contribution: $6,302,811
Required Contribution per Household: $20.38
Information from Macomb County CAFR.