California Public Employees Retirement System (CalPERS) vs Michigan Public School Employees Retirement System (MPSERS)
Side-by-side pension health comparison from DOL and public plan data
California Public Employees Retirement System (CalPERS) (C) and Michigan Public School Employees Retirement System (MPSERS) (C) are close on the PensionRisk rubric. Funding ratios sit at 67% and 60% respectively — within a few points of each other.
With grades this close, the comparison turns on plan-specific factors: status (active vs frozen), participant maturity, sponsor financial health, and multi-year trajectory rather than the headline composite.
Verdict
California Public Employees Retirement System (CalPERS) has a stronger Pension Health Score of 58/100 (C) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 6.9 percentage points (67.3% vs 60.4%). California Public Employees Retirement System (CalPERS) covers 2,050,000 participants.
| Metric | California Public Employees Retirement System (CalPERS) | Michigan Public School Employees Retirement System (MPSERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 58/100 (C)* | 56/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 67.3%* | 60.4% |
| Total Assets | $473.0B | $54.0B |
| Total Liabilities | $703.0B | $89.4B* |
| Unfunded Liability | $230.0B | $35.4B* |
| Participants | 2,050,000 | 465,000 |
| 1-Year Investment Return | 5.8%* | 5.3% |
| Plan Type | public | public |
| PBGC Risk Level | moderate | high |
| Sponsor | State of California | State of Michigan |
California Public Employees Retirement System (CalPERS) has a stronger Pension Health Score of 58/100 (C) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 6.9 percentage points (67.3% vs 60.4%). California Public Employees Retirement System (CalPERS) covers 2,050,000 participants.
Explore More
Related Comparisons
- California Public Employees Retirement System (CalPERS) vs California State Teachers Retirement System (CalSTRS)
- California Public Employees Retirement System (CalPERS) vs University of California Retirement Plan
- California Public Employees Retirement System (CalPERS) vs Los Angeles County Employees Retirement Association (LACERA)
- California Public Employees Retirement System (CalPERS) vs San Francisco Employees Retirement System
- Michigan Public School Employees Retirement System (MPSERS) vs Michigan State Employees Retirement System
- Michigan Public School Employees Retirement System (MPSERS) vs Detroit General Retirement System
- Michigan Public School Employees Retirement System (MPSERS) vs Operating Engineers Local 324 Pension Fund
- Michigan Public School Employees Retirement System (MPSERS) vs Ford Motor Company Retirement Plan