Michigan Public School Employees Retirement System (MPSERS) vs Indiana Public Retirement System (INPRS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Indiana Public Retirement System (INPRS) has a stronger Pension Health Score of 70/100 (B) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 17.8 percentage points (78.2% vs 60.4%). Indiana Public Retirement System (INPRS) covers 425,000 participants.
| Metric | Michigan Public School Employees Retirement System (MPSERS) | Indiana Public Retirement System (INPRS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 56/100 (C) | 70/100 (B)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 60.4% | 78.2%* |
| Total Assets | $54.0B | $37.0B |
| Total Liabilities | $89.4B | $47.3B* |
| Unfunded Liability | $35.4B | $10.3B* |
| Participants | 465,000 | 425,000 |
| 1-Year Investment Return | 5.3% | 6.1%* |
| Plan Type | public | public |
| PBGC Risk Level | high | moderate |
| Sponsor | State of Michigan | State of Indiana |
Indiana Public Retirement System (INPRS) has a stronger Pension Health Score of 70/100 (B) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 17.8 percentage points (78.2% vs 60.4%). Indiana Public Retirement System (INPRS) covers 425,000 participants.