Michigan Public School Employees Retirement System (MPSERS) vs Dow Chemical Company Employees Pension Plan
Side-by-side pension health comparison from DOL and public plan data
Michigan Public School Employees Retirement System (MPSERS) and Dow Chemical Company Employees Pension Plan are meaningfully apart on the LakeQuality pension-health rubric: Michigan Public School Employees Retirement System (MPSERS) grades C while Dow Chemical Company Employees Pension Plan grades A. Funding ratios: 60% vs 94%.
Dow Chemical Company Employees Pension Plan comes out ahead on the composite rubric. For a participant in either plan, the spread is informative but not directly actionable — pension participation is not portable, so the relevant question is what each plan's funded-status trajectory means for that participant's benefit security.
Verdict
Dow Chemical Company Employees Pension 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 33.2 percentage points (93.6% vs 60.4%). Dow Chemical Company Employees Pension Plan covers 32,746 participants.
| Metric | Michigan Public School Employees Retirement System (MPSERS) | Dow Chemical Company Employees Pension 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% | 93.6%* |
| Total Assets | $54.0B | $2.3B |
| Total Liabilities | $89.4B | $2.5B* |
| Unfunded Liability | $35.4B | $158.0M* |
| Participants | 465,000 | 32,746 |
| 1-Year Investment Return | 5.3% | 7.0%* |
| Plan Type | public | corporate |
| PBGC Risk Level | high | low |
| Sponsor | State of Michigan | Dow Inc. |
Dow Chemical Company Employees Pension 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 33.2 percentage points (93.6% vs 60.4%). Dow Chemical Company Employees Pension Plan covers 32,746 participants.
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