Plan Type: Defined benefit
Accrual Rate: 2 - 2.5% (capped at 75%)
Employee Contribution: 1 - 5%
Value of Assets: $791,541,576
Accrued Liability: $675,166,642
Unfunded Accrued Liability: Overfunded $116,374,934
County Required Contribution: $0
Plan Type: Defined contribution
Employee Contribution: 3.9% for FY09 ($5,921,399)
Employer Contribution: 9.1% for FY09 ($13,937,481)
County Contribution per Houshold: $29.54
Plan Type: Defined benefit
Value of Assets: $411,280,137
Accrued Liability: $888,582,402
Unfunded Accrued Liability: $477,302,265
County Required Contribution: $61,863,580
Required Contribution per Household: $131.31
Information from Oakland County CAFR.