Michigan Public School Employees Retirement System (MPSERS) vs Kansas Public Employees Retirement System (KPERS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Kansas Public Employees Retirement System (KPERS) has a stronger Pension Health Score of 68/100 (B) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 11.9 percentage points (72.3% vs 60.4%). Kansas Public Employees Retirement System (KPERS) covers 328,000 participants.
| Metric | Michigan Public School Employees Retirement System (MPSERS) | Kansas Public Employees Retirement System (KPERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 56/100 (C) | 68/100 (B)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 60.4% | 72.3%* |
| Total Assets | $54.0B | $24.8B |
| Total Liabilities | $89.4B | $34.3B* |
| Unfunded Liability | $35.4B | $9.5B* |
| Participants | 465,000 | 328,000 |
| 1-Year Investment Return | 5.3% | 5.9%* |
| Plan Type | public | public |
| PBGC Risk Level | high | moderate |
| Sponsor | State of Michigan | State of Kansas |
Kansas Public Employees Retirement System (KPERS) has a stronger Pension Health Score of 68/100 (B) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 11.9 percentage points (72.3% vs 60.4%). Kansas Public Employees Retirement System (KPERS) covers 328,000 participants.