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): | 14% | 4% | 14% | 4% | 7% | |
| % within Population Size | |||||||
| Population Size | 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% | 9% | 6% | 15% | 7% | |
| % within Region of Michigan | ||||||||
| Region of Michigan | 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): | 8% | 6% | 10% | 3% | 8% | 8% | 7% | |