Michigan Public Policy Survey (MPPS) Spring 2015, Question 17a

Type of retirement income benefits offered to new hires

Full Question Text

There are a number of different types of retirement income benefits that local governments might offer personnel, including a defined contribution plan (i.e., IRA, 401a, 457b, or 401k-type plan), a defined benefit plan (i.e., a traditional pension), or a hybrid plan (i.e., a plan that combines features of both defined benefit and defined contribution plans for an individual). Which type(s) of retirement income benefits, if any, does your jurisdiction offer to new hires? (Among those jurisdictions that reported offering some kind of retirement income benefits)

Jurisdiction Type Crosstabulation
% within Jurisdiction Type
  Jurisdiction Type Total
County Township City Village
There are a number of different types of retirement income benefits that local governments might offer personnel, including a defined contribution plan (i.e., IRA, 401a, 457b, or 401k-type plan), a defined benefit plan (i.e., a traditional pension), or a hybrid plan (i.e., a plan that combines features of both defined benefit and defined contribution plans for an individual). Which type(s) of retirement income benefits, if any, does your jurisdiction offer to new hires? (Among those jurisdictions that reported offering some kind of retirement income benefits) Defined Contribution 52% 35% 54% 47% 43%
Defined Benefit 35% 12% 36% 21% 21%
Hybrid 18% 4% 17% 6% 9%
No Retirement Income Benefits 3% 15% 1% 8% 10%
Not Applicable 1% 30% 1% 12% 18%
Don't Know 0% 5% 2% 11% 5%