Plan Type: Defined benefit
Employee Contribution: 5% (7% sheriff dept)
Value of Assets: $210,446,657
Accrued Liability: $265,463,304
Unfunded Accrued Liability: $55,016,647
County Required Contribution: $5,359,824
Required Contribution per Household: $42.77
Plan Type: Defined contribution
Membership: All full time employees hired in 1989 or later; however, most plan members withdrew from this plan and enrolled in the Employees' Retirement System
Employee Contribution: 6 - 7.5% (county matches) (Now closed)
Employee Contribution: None required
Value of Assets: $44,747,254
Accrued Liability: $164,107,793
Unfunded Accrued Liability: $119,360,539
County Required Contribution: $13,387,907
Required Contribution per Resident: $106.82
Plan Type: Defined benefit
Employee Contribution: 9.32% (police officers), 5.0% (command officers)
Value of Assets: $28,502,361
Accrued Liability: $39,234,595
Unfunded Accrued Liability: $10,732,234
County Required Contribution: $1,317,421
Required Contribution per Household: $10.51
Plan Type: Defined benefit
Employee Contribution: 5%
Value of Assets: $30,367,822
Accrued Liability: $40,947,934
Unfunded Accrued Liability: $10,580,112
County Required Contribution: $1,020,277
Required Contribution per Household: $8.14
Plan Type: Defined benefit
Value of Assets: $852,110
Accrued Liability: $21,116,123
Unfunded Accrued Liability: $20,264,013
County Required Contribution: $1,570,073
Required Contribution per Household: $12.53
Information from Washtenaw County CAFR.