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PensionRisk

Michigan Public School Employees Retirement System (MPSERS) vs General Motors Salaried Pension Plan

Side-by-side pension health comparison from DOL and public plan data

Michigan Public School Employees Retirement System (MPSERS) (C) and General Motors Salaried Pension Plan (C) are close on the LakeQuality rubric. Funding ratios sit at 60% and 71% 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

Michigan Public School Employees Retirement System (MPSERS) has a stronger Pension Health Score of 56/100 (C) compared to General Motors Salaried Pension Plan at 51/100 (C). Funding ratios differ by 11.1 percentage points (60.4% vs 71.5%). Michigan Public School Employees Retirement System (MPSERS) covers 465,000 participants.

MetricMichigan Public School Employees Retirement System (MPSERS)General Motors Salaried Pension Plan
Health Score
Composite of funding ratio, trend, and PBGC risk
56/100 (C)*51/100 (C)
Funding Ratio
Assets as % of liabilities (100%+ is fully funded)
60.4%71.5%*
Total Assets$54.0B$468.2M
Total Liabilities$89.4B$655.1M*
Unfunded Liability$35.4B$187.0M*
Participants465,0003,061
1-Year Investment Return5.3%7.4%*
Plan Typepubliccorporate
PBGC Risk Levelhighmoderate
SponsorState of MichiganGeneral Motors

Michigan Public School Employees Retirement System (MPSERS) has a stronger Pension Health Score of 56/100 (C) compared to General Motors Salaried Pension Plan at 51/100 (C). Funding ratios differ by 11.1 percentage points (60.4% vs 71.5%). Michigan Public School Employees Retirement System (MPSERS) covers 465,000 participants.

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