Jurisdiction offers hybrid benefit plan
Full Question Text
Does your jurisdiction offer its personnel and/or current retirees a hybrid plan (i.e., plans that combine features of both defined benefit and defined contribution plans for an individual employee)? (Among those jurisdictions that reported providing retirement income benefits)
| % within Jurisdiction Type | |||||
| Jurisdiction Type | Total | ||||
|---|---|---|---|---|---|
| County | Township | City | Village | ||
| Among those jurisdictions which reported offering retirement income benefits, the percentage which offer a hybrid plan (i.e., plans that combine features of both defined benefit and defined contribution plans for an individual employee): | 16% | 4% | 10% | 8% | 7% |
| % within Population Size | ||||||
| Population Category | Total | |||||
|---|---|---|---|---|---|---|
| <1500 | 1500-5000 | 5001-10000 | 10001-30000 | >30000 | ||
| Among those jurisdictions which reported offering retirement income benefits, the percentage which offer a hybrid plan (i.e., plans that combine features of both defined benefit and defined contribution plans for an individual employee): | 3% | 8% | 6% | 8% | 13% | 7% |
| % within Region of Michigan | |||||||
| MI regions based on State of the State Survey | Total | ||||||
|---|---|---|---|---|---|---|---|
| Upper Peninsula | Northern Lower Peninsula | West Central Lower Peninsula | East Central Lower Peninsula | Southwest Lower Peninsula | Southeast Lower Peninsula | ||
| Among those jurisdictions which reported offering retirement income benefits, the percentage which offer a hybrid plan (i.e., plans that combine features of both defined benefit and defined contribution plans for an individual employee): | 5% | 7% | 8% | 2% | 9% | 8% | 7% |