Michigan Public School Employees Retirement System (MPSERS) vs Mississippi Public Employees Retirement System (PERS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Michigan Public School Employees Retirement System (MPSERS) has a stronger Pension Health Score of 56/100 (C) compared to Mississippi Public Employees Retirement System (PERS) at 54/100 (C). Funding ratios differ by 0.3 percentage points (60.4% vs 60.1%). Michigan Public School Employees Retirement System (MPSERS) covers 465,000 participants.
| Metric | Michigan Public School Employees Retirement System (MPSERS) | Mississippi Public Employees Retirement System (PERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 56/100 (C)* | 54/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 60.4%* | 60.1% |
| Total Assets | $54.0B | $29.0B |
| Total Liabilities | $89.4B | $48.3B* |
| Unfunded Liability | $35.4B | $19.3B* |
| Participants | 465,000 | 322,000 |
| 1-Year Investment Return | 5.3% | 5.3% |
| Plan Type | public | public |
| PBGC Risk Level | high | high |
| Sponsor | State of Michigan | State of Mississippi |
Michigan Public School Employees Retirement System (MPSERS) has a stronger Pension Health Score of 56/100 (C) compared to Mississippi Public Employees Retirement System (PERS) at 54/100 (C). Funding ratios differ by 0.3 percentage points (60.4% vs 60.1%). Michigan Public School Employees Retirement System (MPSERS) covers 465,000 participants.