Likelihood jurisdiction will introduce a defined contribution or hybrid plan in the next 12 months
Full Question Text
If currently offering only a defined benefit plan, how likely is it that your jurisdiction will introduce either a defined contribution plan or a hybrid plan for its employees and/or new hires within the next 12 months?
| % within Jurisdiction Type | ||||||
| Jurisdiction Type | Total | |||||
|---|---|---|---|---|---|---|
| County | Township | City | Village | |||
| If currently offering only a defined benefit plan, how likely is it that your jurisdiction will introduce either a defined contribution plan or a hybrid plan for its employees and/or new hires within the next 12 months? | Very Likely | 17% | 5% | 29% | 15% | 14% |
| Somewhat Likely | 27% | 1% | 22% | 14% | 11% | |
| Neither Likely nor Unlikely | 9% | 14% | 16% | 20% | 15% | |
| Somewhat Unlikely | 17% | 7% | 16% | 0% | 9% | |
| Very Unlikely | 19% | 54% | 7% | 44% | 36% | |
| Don't Know | 11% | 20% | 10% | 8% | 14% | |
| % within Population Size | |||||||
| Population Category | Total | ||||||
|---|---|---|---|---|---|---|---|
| <1500 | 1500-5000 | 5001-10000 | 10001-30000 | >30000 | |||
| If currently offering only a defined benefit plan, how likely is it that your jurisdiction will introduce either a defined contribution plan or a hybrid plan for its employees and/or new hires within the next 12 months? | Very Likely | 10% | 13% | 12% | 11% | 47% | 14% |
| Somewhat Likely | 2% | 12% | 15% | 25% | 23% | 11% | |
| Neither Likely nor Unlikely | 17% | 17% | 15% | 7% | 11% | 15% | |
| Somewhat Unlikely | 2% | 8% | 16% | 23% | 14% | 9% | |
| Very Unlikely | 50% | 36% | 29% | 26% | 5% | 36% | |
| Don't Know | 20% | 14% | 13% | 10% | 0% | 14% | |
| % 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 | |||
| If currently offering only a defined benefit plan, how likely is it that your jurisdiction will introduce either a defined contribution plan or a hybrid plan for its employees and/or new hires within the next 12 months? | Very Likely | 21% | 8% | 2% | 10% | 17% | 22% | 14% |
| Somewhat Likely | 13% | 7% | 3% | 15% | 17% | 14% | 11% | |
| Neither Likely nor Unlikely | 9% | 27% | 14% | 19% | 13% | 10% | 15% | |
| Somewhat Unlikely | 8% | 10% | 8% | 3% | 6% | 17% | 9% | |
| Very Unlikely | 31% | 31% | 57% | 32% | 47% | 24% | 36% | |
| Don't Know | 18% | 18% | 16% | 21% | 0% | 12% | 14% | |