Michigan Public School Employees Retirement System (MPSERS) vs Maryland State Retirement & Pension System
Side-by-side pension health comparison from DOL and public plan data
Verdict
Maryland State Retirement & Pension System has a stronger Pension Health Score of 67/100 (B) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 11.7 percentage points (72.1% vs 60.4%). Maryland State Retirement & Pension System covers 398,000 participants.
| Metric | Michigan Public School Employees Retirement System (MPSERS) | Maryland State Retirement & Pension System |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 56/100 (C) | 67/100 (B)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 60.4% | 72.1%* |
| Total Assets | $54.0B | $61.0B |
| Total Liabilities | $89.4B | $84.6B* |
| Unfunded Liability | $35.4B | $23.6B* |
| Participants | 465,000 | 398,000 |
| 1-Year Investment Return | 5.3% | 5.8%* |
| Plan Type | public | public |
| PBGC Risk Level | high | moderate |
| Sponsor | State of Michigan | State of Maryland |
Maryland State Retirement & Pension System has a stronger Pension Health Score of 67/100 (B) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 11.7 percentage points (72.1% vs 60.4%). Maryland State Retirement & Pension System covers 398,000 participants.