Michigan Public School Employees Retirement System (MPSERS) vs Missouri Public School Retirement System (PSRS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Missouri Public School Retirement System (PSRS) has a stronger Pension Health Score of 80/100 (A) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 23.4 percentage points (83.8% vs 60.4%). Missouri Public School Retirement System (PSRS) covers 220,000 participants.
| Metric | Michigan Public School Employees Retirement System (MPSERS) | Missouri Public School Retirement System (PSRS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 56/100 (C) | 80/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 60.4% | 83.8%* |
| Total Assets | $54.0B | $47.0B |
| Total Liabilities | $89.4B | $56.1B* |
| Unfunded Liability | $35.4B | $9.1B* |
| Participants | 465,000 | 220,000 |
| 1-Year Investment Return | 5.3% | 6.3%* |
| Plan Type | public | public |
| PBGC Risk Level | high | low |
| Sponsor | State of Michigan | State of Missouri |
Missouri Public School Retirement System (PSRS) has a stronger Pension Health Score of 80/100 (A) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 23.4 percentage points (83.8% vs 60.4%). Missouri Public School Retirement System (PSRS) covers 220,000 participants.