Plan Type: Defined benefit
Accrual Rate: 2.25 - 2.7%
Employee Contribution: 1.0 - 3.59%
Value of Assets: $129,667,037
Accrued Liability: $130,793,336
Unfunded Accrued Liability: $1,126.299
Required Contribution: $2,466,011
Required Contribution per Household: $92.93
Plan Type: Defined contribution
Employer Contribution: 8% ($183,859)
Contribution per Household: $6.93
Value of Assets: $12,060,557
Accrued Liability: $59,833,462
Unfunded Accrued Liability: $47,772,905
Required Contribution: $4,699,046
Required Contribution per Household: $177.08
Membership: For administrative and supervisory employees hired after July 2, 2007, police non-supervisory employees hired after September 4, 2007, and emergency communications operators hired after November 5, 2007.
Employer Contribution: 4% of the participant's compensation in the preceding calendar year
Information from the City of Wyoming CAFR.