Plan Type: Defined contribution
Required Employee Contribution: 1 - 3% ($433,641)
Required City Contribution: 12 - 14% ($2,177,158)
City Contribution per Household: $83
Value of Assets: $0
Accrued Liability: $3,509,633
Unfunded Accrued Liability: $3,509,633
Required Contribution: $155,700
Required Contribution per Household: $6
Actual Contribution: $2,124,480
Actual Contribution per Household: $81
Information from Waterford's most recent CAFR.