Plan Type: Consists of five different defined-benefit and hybrid plans
Accrual Rate: 1 - 3% depending on plan and years of service
Employee Contribution: 0 - 6.58%
Value of Assets: $985,000,000
Accrued Liability: $1,338,800,000
Unfunded Accrued Liability: $353,800,000
County Required Contribution: $32,558,973
Required Contribution per Household: $42.37
Plan Type: Defined contribution, also consists of components of two hybrid plans
Membership: All new hires
Enrollment: 2,957 active employees in defined contribution plan, 2,300 active employees and 3 retirees in hybrid plans
Employee Contribution: $7,500,000
County Contribution: $22,500,000
Required Contribution per Resident: $11.54
Plan Type: Defined benefit
Employee Contribution: None required
Value of Assets: $0
Accrued Liability: $838,141,000
Unfunded Accrued Liability: $838,141,000
County Required Contribution: $58,998,000
Required Contribution per Household: $76.78
Information from Wayne County CAFR.