Michigan Public School Employees Retirement System (MPSERS) vs AT&T Pension Benefit Plan
Side-by-side pension health comparison from DOL and public plan data
Verdict
AT&T Pension Benefit Plan has a stronger Pension Health Score of 97/100 (A) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 33.3 percentage points (93.7% vs 60.4%). AT&T Pension Benefit Plan covers 286,355 participants.
| Metric | Michigan Public School Employees Retirement System (MPSERS) | AT&T Pension Benefit Plan |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 56/100 (C) | 97/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 60.4% | 93.7%* |
| Total Assets | $54.0B | $30.0B |
| Total Liabilities | $89.4B | $32.0B* |
| Unfunded Liability | $35.4B | $2.0B* |
| Participants | 465,000 | 286,355 |
| 1-Year Investment Return | 5.3% | 6.9%* |
| Plan Type | public | corporate |
| PBGC Risk Level | high | low |
| Sponsor | State of Michigan | AT&T Inc. |
AT&T Pension Benefit Plan has a stronger Pension Health Score of 97/100 (A) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 33.3 percentage points (93.7% vs 60.4%). AT&T Pension Benefit Plan covers 286,355 participants.