Plan Type: Defined benefit
Employee Contribution: 0%
Value of Assets: $433,028,186
Accrued Liability: $257,940,349
Unfunded Accrued Liability: Overfunded $175,087,837
Required Contribution: $0
Required Contribution per Household: $0
Plan Type: Defined benefit
Employee Contribution: 2.5%
Value of Assets: $271,992,032
Accrued Liability: $235,981,324
Unfunded Accrued Liability: Overfunded $36,010,708
Required Contribution: $1,829,115
Required Contribution per Household: $75
Employee Contribution: 3% ($7,548)
Employer Contribution: 9% ($22,643)
Employer Contribution per Household: $1
Value of Assets: $4,928,700
Accrued Liability: $154,823,626
Unfunded Accrued Liability: $149,894,926
Required Contribution: $10,674,833
Required Contribution per Household: $440
Actual Contribution: $7,450,360
Actual Contribution per Household: $307
Value of Assets: $25,534,993
Accrued Liability: $79,788,465
Unfunded Accrued Liability: $54,253,472
Required Contribution: $5,594,865
Required Contribution per Household: $231
Actual Contribution: $2,678,324
Actual Contribution per Household: $111
Value of Assets: $0
Accrued Liability: $90,952,284
Unfunded Accrued Liability: $90,952,284
Required Contribution: $4,380,928
Required Contribution per Household: $181
Actual Contribution: $3,651,095
Actual Contribution per Household: $151
Information from the City of Pontiac's 2009 Financial Report.