Arizona State Retirement System (ASRS) vs Michigan Public School Employees Retirement System (MPSERS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Arizona State Retirement System (ASRS) has a stronger Pension Health Score of 68/100 (B) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 11.9 percentage points (72.3% vs 60.4%). Arizona State Retirement System (ASRS) covers 588,000 participants.
| Metric | Arizona State Retirement System (ASRS) | Michigan Public School Employees Retirement System (MPSERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 68/100 (B)* | 56/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 72.3%* | 60.4% |
| Total Assets | $46.0B | $54.0B |
| Total Liabilities | $63.6B* | $89.4B |
| Unfunded Liability | $17.6B* | $35.4B |
| Participants | 588,000 | 465,000 |
| 1-Year Investment Return | 5.8%* | 5.3% |
| Plan Type | public | public |
| PBGC Risk Level | moderate | high |
| Sponsor | State of Arizona | State of Michigan |
Arizona State Retirement System (ASRS) has a stronger Pension Health Score of 68/100 (B) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 11.9 percentage points (72.3% vs 60.4%). Arizona State Retirement System (ASRS) covers 588,000 participants.