Likelihood jurisdiction will introduce a defined contribution or hybrid plan in the next 12 months
Full Question Text
How likely is it that your jurisdiction will introduce either a defined contribution plan or a hybrid plan (plans that combine features of both defined benefit and defined contribution plans for an individual employee) for its current personnel 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 | 40% | 8% | 26% | 18% | 17% |
| Somewhat Likely | 19% | 8% | 26% | 31% | 18% | |
| Somewhat Unlikely | 16% | 8% | 19% | 7% | 12% | |
| Very Unlikely | 21% | 61% | 17% | 28% | 40% | |
| Don't Know | 4% | 15% | 12% | 16% | 14% | |
| % within Population Size | |||||||
| Population Size | 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 | 11% | 13% | 24% | 37% | 20% | 17% |
| Somewhat Likely | 14% | 21% | 11% | 25% | 20% | 18% | |
| Somewhat Unlikely | 15% | 8% | 9% | 3% | 32% | 12% | |
| Very Unlikely | 45% | 40% | 45% | 29% | 22% | 40% | |
| Don't Know | 16% | 18% | 10% | 6% | 5% | 14% | |
| % 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 | |||
| 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% | 5% | 7% | 29% | 13% | 24% | 17% |
| Somewhat Likely | 6% | 25% | 7% | 17% | 33% | 21% | 18% | |
| Somewhat Unlikely | 19% | 5% | 10% | 3% | 19% | 12% | 12% | |
| Very Unlikely | 43% | 49% | 64% | 29% | 24% | 32% | 40% | |
| Don't Know | 11% | 16% | 11% | 21% | 12% | 11% | 14% | |