Michigan Public School Employees Retirement System (MPSERS) vs Central States, Southeast & Southwest Areas Pension Fund
Side-by-side pension health comparison from DOL and public plan data
Verdict
Michigan Public School Employees Retirement System (MPSERS) has a stronger Pension Health Score of 56/100 (C) compared to Central States, Southeast & Southwest Areas Pension Fund at 29/100 (F). Funding ratios differ by 38.4 percentage points (60.4% vs 22.0%). Michigan Public School Employees Retirement System (MPSERS) covers 465,000 participants.
| Metric | Michigan Public School Employees Retirement System (MPSERS) | Central States, Southeast & Southwest Areas Pension Fund |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 56/100 (C)* | 29/100 (F) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 60.4%* | 22.0% |
| Total Assets | $54.0B | $9.5B |
| Total Liabilities | $89.4B | $43.2B* |
| Unfunded Liability | $35.4B | $33.7B* |
| Participants | 465,000 | 380,000 |
| 1-Year Investment Return | 5.3%* | 4.5% |
| Plan Type | public | multiemployer |
| PBGC Risk Level | high | critical |
| Sponsor | State of Michigan | Teamsters Central States |
Michigan Public School Employees Retirement System (MPSERS) has a stronger Pension Health Score of 56/100 (C) compared to Central States, Southeast & Southwest Areas Pension Fund at 29/100 (F). Funding ratios differ by 38.4 percentage points (60.4% vs 22.0%). Michigan Public School Employees Retirement System (MPSERS) covers 465,000 participants.