California State Teachers Retirement System (CalSTRS) vs Michigan Public School Employees Retirement System (MPSERS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
California State Teachers Retirement System (CalSTRS) has a stronger Pension Health Score of 73/100 (B) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 12.5 percentage points (72.9% vs 60.4%). California State Teachers Retirement System (CalSTRS) covers 985,000 participants.
| Metric | California State Teachers Retirement System (CalSTRS) | Michigan Public School Employees Retirement System (MPSERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 73/100 (B)* | 56/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 72.9%* | 60.4% |
| Total Assets | $318.0B | $54.0B |
| Total Liabilities | $436.0B | $89.4B* |
| Unfunded Liability | $118.0B | $35.4B* |
| Participants | 985,000 | 465,000 |
| 1-Year Investment Return | 6.2%* | 5.3% |
| Plan Type | public | public |
| PBGC Risk Level | moderate | high |
| Sponsor | State of California | State of Michigan |
California State Teachers Retirement System (CalSTRS) has a stronger Pension Health Score of 73/100 (B) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 12.5 percentage points (72.9% vs 60.4%). California State Teachers Retirement System (CalSTRS) covers 985,000 participants.